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The King's Speech has overtaken The Social Network as the hot betting tip to be crowned Best Picture at the 83rd Academy Awards.

The British historical drama is now just at betting odds of 1/6 with bookmaker Paddy Power to pick up the Oscar for Best Picture having been backed in from an opening 14/1. Tom Hooper's movie which tells the story of the stammering King George VI reigned supreme on home turf by picking up the BAFTA for Best Film.

US blockbuster The Social Network has slipped to second betting favourite position at odds of 7/2.

In other categories Colin Firth looks a 'sure thing' at odds of 1/50 to win Best Actor while US actress Natalie Portman is tipped to pick up the Best Actress accolade for her dark performance in Darren Aronofsky's Black Swan at betting odds of 1/10.

Another Paddy Power betting market catching everyone's eye are the odds on whether or not the elusive British graffiti artist Banksy will show his face.

The British street artist has been nominated for his work on his feature film documentary 'Exit Through The Gift Shop'. It is 1/20 that Banksy stays away from the ceremony and betting odds are 7/1 he reveals his face on the night.

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Source: Online Gambling News, eternalgambling.com

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