The 56th Grammy Awards Odds to Win - Album, Record & Song of the Year

The 56th Grammy Awards Odds

LAS VEGAS, NV (The Spread) - The 56th annual Grammy Awards will take place on January 26, 2014. Here's a look at the odds for some of the bigger categories.

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According to oddsmakers from online sports book Bovada.lv, Macklemore & Ryan Lewis are currently favored at 4/5 to win Album of the Year for their album "The Heist." Daft Punk's "Random Access Memories" have the next-best odds at 9/2, while Taylor Swift's "Red" is 4/1. Kendrick Lamar's "Good Kid, MAAD City," is also 9/2 to win Album of the Year, while Sara Bareilles' "The Blessed Unrest" has the longest odds at 12/1.

Lorde's "Royals" is favored to win Record of the Year at 11/5, while Daft Punk featuring Pharrell Williams' "Get Lucky" has the next-best odds at 5/4. Robin Thicke featuring TI & Pharrell Williams' "Blurred Lines" is 12/1 to win this year's Record of the Year, while Bruno Mars' "Locked Out of Heaven" is 4/1 and Imagine Dragons' "Radioactive" is 5/1.

Lorde's "Royals" is also a 5/4 favorite to win Song of the Year at this year's Grammys, while Macklemore & Ryan Lewis' "Same Love" is 11/4 and Pink's "Just Give Me a Reason" is 4/1. Bruno Mars' "Locked OUt of Heaven" is also 4/1 to win Song of the Year, while Katy Perry's "Roar" is the long shot at 10/1.

Finally, Macklemore & Ryan Lewis are the hands down favorite to win Best New Artist at 2/5, while Kendrick Lamar and Kacey Musgraves are 6/1, respectively. Ed Sheeran is 8/1 and James Blake is the current long shot to win Best New Artist at 10/1.

56th Grammy Awards - Album of the Year

The Heist - Macklemore & Ryan Lewis 4/5

Random Access Memories - Daft Punk 9/2

Red - Taylor Swift 4/1

Good Kid, MAAD City - Kendrick Lamar 9/2

The Blessed Unrest - Sara Bareilles 12/1

56th Grammy Awards - Record of the Year

Royals - Lorde 11/5

Get Lucky - Daft Punk feat. Pharrell Williams 5/4

Blurred Lines - Robin Thicke feat. TI & Pharrell Williams 12/1

Locked Out Of Heaven - Bruno Mars 4/1

Radioactive - Imagine Dragons 5/1