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King's Speech is biggest ever Oscars favourite

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Feb 18, 2011 | 6:15am EST

Bosses at the U.K.'s William Hill are so convinced the main honours at the upcoming ceremony are a foregone conclusion, they've already paid out on all bets on Colin Firth to win Best Actor.

They had previously slashed the odds to 1/66, beating their previous record rating of 1/50 for Dame Helen Mirren's portrayal of British monarch Queen Elizabeth II in 2006 movie The Queen.

And they now make The King's Speech 1/6 to scoop Best Film, down from its original odds of 15/8.

William Hill spokesman Joe Crilly says, "We are so confident that Colin will win the Best Actor Oscar that we are now taking bets on how long his winner's speech will be. He has already bagged the three big awards so far this year and is just 1/66 to scoop the biggest of them all."

The 2011 Academy Awards will take place on 27 February (11).

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