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The 2020 Oscar winners were all the favorites, and then Parasite stunned everyone

The betting markets mostly had it right, but then South Korean film Parasite stunned everyone, including director Bong Joon-Ho.

‘Parasite’ cast and crew such as Cho Yeo-jeong, Park So-dam, Choi Woo-shik, Kang-Ho Song,Yang Jin-mo, Jin Won Han, Kwak Sin-ae, Ha-jun Lee, Yang-kwon Moon, Kang-ho Song, Yeo-jeong Jo, Bong Joon-ho, and Sun-kyun Lee accept the Best Picture award onstage during the 92nd Annual Academy Awards at Dolby Theatre on February 09, 2020 in Hollywood, California. Photo by Kevin Winter/Getty Images

It was a pretty chalky Oscars for the first three hours — and then it got crazy. For the first time in the history of the Academy Awards, a foreign language film won Best Picture as Parasite was the upset winner at the 2020 Oscars.

Bong Joon-Ho’s film about the class system in South Korean and two families on opposite sides of the divide was the toast of the evening. Joon-Ho was also honored as Best Director, and as the writer of the film he also won for Best Original Screenplay. Obviously the film won Best International Film as well.

There were only four upsets according to the betting odds on the evening. Two of them were by Parasite: Joon-Ho winning Best Director at +250 odds over Sam Mendes for 1917, and the film Best Picture at +200 beating out 1917 at -155. The odds actually closed from even larger numbers, with Parasite opening at +450. The other smaller surprises were Best Live Action Short Film for The Neighbour’s Window at +100, and Best Sound Editing for Ford v. Ferrari at +150.

In the four acting categories, all the heavy favorites came out victorious as Brad Pitt, Laura Dern, Joaquin Phoenix, and Renee Zellweger were all awarded their expected statues. It was an overwhelmingly good night for the chalk, but a late surge from a film with subtitles changed everything at the end.

Here’s the entire list of nominees and their odds at closing for the 2020 Oscars.

2020 Oscar winners

Award Winner Odds on Winner
Award Winner Odds on Winner
Best Actor Joaquin Phoenix -5000
Best Actress Renee Zellweger -2500
Best Adapted Screenplay Jojo Rabbit -177
Best Animated Feature Film Toy Story 4 -125
Best Animated Short Film Hair Love -305
Best Cinematography 1917 -5000
Best Costume Design Little Women -305
Best Director Parasite +250
Best Documentary Feature American Factory -265
Best Documentary: Short Subject Learning to Skateboard in a Warzone -670
Best Film Editing Ford v. Ferrari -106
Best International Feature Film Parasite -10000
Best Live Action Short Film The Neighbours' Window +100
Best Makeup & Hairstyling Bombshell -835
Best Original Score Joker -670
Best Original Screenplay Parasite -265
Best Original Song Rocketman -715
Best Picture Parasite +200
Best Production Design Once Upon A Time in Hollywood -167
Best Sound Editing Ford v. Ferrari +150
Best Sound Mixing 1917 -278
Best Supporting Actor Brad Pitt -2500
Best Supporting Actress Laura Dern -2500
Best Visual Effects 1917 -150

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