Of the major awards today, the Best Picture and Best Director awards will be a toss up, but the 4 major acting awards look reasonably clear cut.

Best Actor: Jamie Foxx almost a certainty for 'Ray'. ($1.07 at Centrebet). Leonardo DiCaprio ($10) and Clint Eastwood ($13) are very rough chances.

Best Actress: Hilary S******** very likely to win for 'Million Dollar Baby'. ($1.22) Outside chances to Annette Bening ($4.50) and Imelda Staunton ($11).

Best Supporting Actor: Morgan Freeman strongly favoured for "Million Dollar Baby'. ($1.33) Thomas Haden Church ($3.75) and Clive Owen ($10) are some chance.

Best Supporting Actress: Cate Blanchett tipped to win for 'The Aviator'. ($1.30) Some chance to Virginia Madsen ($5) and Natalie Portman ($10).

Best Director: Between Martin Scorcese for 'The Aviator' ($1.60) and Clint Eastwood for 'Million Dollar Baby' ($2.10). Scorcese has never won before and was the early tip but late word is that Clint Eastwood has a top chance. As well as directing the movie, he acted in it, co-produced it and wrote the music score.

Best Picture: 'The Aviator' is favoured ($1.45), but once again 'Million Dollar Baby' ($2.75) is also a strong chance. One of the two should win.