JOKER
Odds: +600
A lightning rod for controversy after it premiered at Venice, Joker pulled off one of the shockers of the season when it won the Golden Lion at that film festival. Bolstered by Joaquin Phoenix's transformative performance, many were quick to praise the film as an unnerving and dark origin story for one of pop culture's most iconic villains. Historically, there isn't as much correlation between Venice and the Oscars as there is Toronto, but the last two recipients of the Golden Lion - The Shape of Water and Roma - earned Best Picture nominations. At this point, Joker has to be considered seriously in the running.
The Academy's shown a willingness to embrace comic book movies the past couple of years (Logan and Black Panther), but it's hard to say the genre's getting regular invitations to the party. It'll be curious if voters go for Joker, especially considering the backlash. With mounting concern Joker could inspire real-world violence when it opens to the general public, the film is clearly the most polarizing film of the season and does not have the universal support other contenders have. A provocative, divisive work usually has a passionate enough following to land a nomination, but Joker is definitely not everyone's cup of tea.
PARASITE
Odds: N/A
In the Academy's history, only 11 foreign language films have been nominated for Best Picture. But one of those happened just this past year with Roma, Alfonso Cuarón's semi-autobiographical drama that scored the most nods of the year. If an international film is going to pull off the trick this year, it's Joon-ho Bong's Parasite, which has earned nothing but praise as a masterclass of timely and effective filmmaking. Bong is a very respected director, whose previous credits include Snowpiercer and Okja. With the new Academy membership, they may go for another international film in Best Picture.
Also working in Parasite's favor is that it was another runner-up at TIFF. Oddly enough, however, that might be a strike against it. Typically, only two out of the three films mentioned for TIFF's People's Choice crack the Best Picture lineup, and Jojo Rabbit and Marriage Story feel like the safer bets there. This isn't to say history can't be made and Parasite gets in, but it's still incredibly rare for a foreign language film to get that kind of support. Parasite will have to do very well at the precursors to strengthen its odds.
A BEAUTIFUL DAY IN THE NEIGHBORHOOD
Odds: +1,000
Tom Hanks playing Fred Rogers in a film that's all about love, kindness, and understanding sounds as sure a bet as one can get when it comes to Oscars. Especially when one considers last year's surprising snub of the documentary Won't You Be My Neighbor?, one would imagine the Academy would be quick to shower this drama with awards. Unfortunately for A Beautiful Day in the Neighborhood, its chances took a bit of a hit at Toronto. While the reviews were positive and critics adore Hanks in the role of Rogers, the film obviously missed out on the TIFF People's Choice award and wasn't even a runner-up.
What that suggests is while people enjoy A Beautiful Day in the Neighborhood, it might lack the groundswell of passionate support needed to go all the way to win Best Picture. Unless the film gains steam with the precursors, it'll likely be in the second-tier of contenders; happy to earn a nomination, but no realistic shot of winning. That's a shame, since there was hope Marielle Heller's followup to Can You Ever Forgive Me? could be a breakout. A Beautiful Day in the Neighborhood should score a few nods, but it's definitely no Best Picture frontrunner.
FORD V FERRARI
Odds: N/A
In a similar boat to A Beautiful Day in the Neighborhood is James Mangold's Ford v Ferrari. The sports drama earned positive reviews out of Telluride and Toronto, with many saying it's a well-made and exciting addition to the director's filmography. Once again, Christian Bale delivers another chameleon-like performance as driver Ken Miles, demonstrating natural chemistry with Matt Damon. The two stars carry the film and serve as its emotional core, and Mangold's staging of the racing sequences makes Ford v Ferrari a threat in the technical categories (especially sound editing and sound mixing).
That all sounds fine and good, but to some, Ford v Ferrari is just that... fine. While an entertaining throwback to the type of big-studio films that rarely get made nowadays, the film (pardon the pun) doesn't necessarily reinvent the wheel and can fall into formula at times. Like A Beautiful Day in the Neighborhood, it doesn't feel like Ford v Ferrari has the overwhelmingly passionate love to be a real Best Picture contender. It's not outside the possibility 5 percent of Academy members consider this the #1 movie of the year, but Ford v Ferrari doesn't feel like as much of a "lock" as some of the others. It will need big showings in the precursors.
1917
Odds: +1,100
Sam Mendes kicked off his feature filmmaking career with a Best Picture winner (American Beauty), but has been largely missing from the Oscar scene ever since. That could change this year with 1917, a World War I drama that promises to be an intense experience. Its trailer immediately announced it as one to watch, deliberately evoking Christopher Nolan's Dunkirk in its approach. Since Dunkirk was a major Oscar contender a couple of years ago, that seems like a smart choice. And with the revelation 1917 was shot to appear as if it was all done in a single take (like Birdman a few years back), this has the promise of being one of the most ambitious films of the season. Mendes could be a player in Best Director.
The only reason 1917 ranks so low on our list right now is the fact it hasn't screened yet, so there's no way of telling if this is the latest cinematic masterpiece or a dud. On-paper, it sounds like one that could make some noise on the circuit, most notably in the below-the-line categories. Roger Deakins is gunning for his second Oscar here, and if 1917 is indeed good, it's going to be a hard title for voters to resist. It looks like it's combining the intensity of Dunkirk with the emotional story of Saving Private Ryan, so it sounds like a winner.