With just one month to go, here's who has the best shot at winning the Oscars

The 88th Academy Awards will take place on February 28, and all bets are on. 

While conversation about the Oscars has focused on the lack of minority acting nominees, oddsmakers are already digging into the likely outcomes.

Gold Derby has compiled a list of expert predictions on who the night's big winners will be. "Spotlight" is still projected to win best picture, but "The Big Short" is close behind. Leonardo DiCaprio is set to win his first Oscar. 

These odds are likely to change as the Oscars get closer and more experts weigh in, so we'll update this list accordingly. You can find all of the odds here. 

Check out some of the frontrunners below: 

SEE ALSO: The extraordinary 40-year Hollywood career of Jennifer Jason Leigh, who just got her first Oscar nomination

Best Picture — Spotlight

"Spotlight" 13/10
"The Big Short" 21/10
"The Revenant" 9/2
"Mad Max: Fury Road" 66/1
"The Martian" 80/1
"Room" 80/1
"Bridge of Spies" 100/1 
"Brooklyn" 100/1

Best Actor — Leonardo DiCaprio

Leonardo DiCaprio, "The Revenant" 1/20
Matt Damon, "The Martian" 50/1 
Michael Fassbender, "Steve Jobs" 50/1
Bryan Cranston, "Trumbo" 66/1
Eddie Redmayne, "The Danish Girl" 80/1

Best Actress — Brie Larson

Brie Larson, "Room" 2/13
Saoirse Ronan, "Brooklyn" 12/1
Cate Blanchett, "Carol" 50/1
Charlotte Rampling, "45 Years" 80/1
Jennifer Lawrence, "Joy" 80/1