Less than an hour after the official nominations were announced earlier this morning, Pinnacle Sportsbook became the first bookmaker in the world to release odds on the 64th Annual Golden Globe Awards. As the Hollywood Foreign Press Association was unveiling the nominees, odds makers at Pinnacle Sportsbook were busy calculating odds for the most popular Golden Globe categories.

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The largest sports betting site on the Internet, Pinnacle Sportsbook has created odds on seven major Golden Globe categories acknowledging excellence in motion pictures, which are widely considered a preview to the OscarsÒ. The Departed opened as the favorite to capture the Best Drama award at 1/1 odds and director Martin Scorsese is a 5/9 favorite to win Best Director honors. The highly touted Dreamgirls is a huge 1/7 favorite to be named the Best Comedy or Musical. In the Best Actor in a Drama category, Forest Whitaker is favored to win for his role in The Last King of Scotland at 5/7, while Helen Mirren is an overwhelming favorite to take the Best Actress in a Drama at 1/5 odds. Pinnacle Sportsbook has named Sascha Baron Cohen (11/10) and Meryl Streep (4/7) as the odds-on favorites to capture the Best Actor and Actress in a Comedy or Musical honors.

Pinnacle Sportsbook will accept wagers on the 64th Annual Golden Globe Awards until only hours before the awards ceremony on Monday, January 15, 2007. Below are the current odds offered by Pinnacle Sportsbook with nominees appearing in descending order from favorites to long shots under each category heading.

Check Pinnacle Sportsbook for current updated Golden Golbe odds.