The Academy announced the nominations, and [1] BoDog has now announced the first day odds for the 80th Annual Academy Awards:

Best Picture:
No Country For Old Men 10/11
Atonement 3/1
Michael Clayton 3/1
Juno 7/2
There Will Be Blood 4/1

Best Director:
Paul Thomas Anderson - There Will Be Blood 3/1
Ethan Coen & Joel Coen - No Country for Old Men 3/1
Tony Gilroy - Michael Clayton 11/4
Jason Reitman - Juno 5/2
Julian Schnabel - The Diving Bell and the Butterfly 9/4

Best Actor:
George Clooney - Michael Clayton 7/2
Daniel Day-Lewis - There Will Be Blood 1/4
Johnny Depp - Sweeney Todd 15/4
Tommy Lee Jones - In the Valley of Elah 17/4
Viggo Mortensen - Eastern Promises 6/1

Best Actress:
Cate Blanchett - Elizabeth: The Golden Age - 9/4
Julie Christie - Away from Her 2/1
Marion Cotillard - La vie en Rose 7/2
Laura Linney - Savages - 4/1
Ellen Page - Juno 5/2

Best Supporting Actor:
Casey Affleck - The Assassination of Jesse James by the Coward Robert Ford 3/1
Javier Bardem - No Country for Old Men 1/2
Philip Seymour Hoffman - Charlie Wilson’s War 11/4
Hal Holbrook - Into the Wild 6/1
Tom Wilkinson - Michael Clayton 9/2

Best Supporting Actress:
Cate Blanchett - I’m Not There 10/11
Ruby Dee - American Gangster 5/1
Saoirse Ronan - Atonement 13/4
Amy Ryan - Gone Baby Gone 11/4
Tilda Swinton - Michael Clayton 5/2