Katy Perry is a nominee, but it's Adele that sits as the favorite on the Grammys odds board at online shops for the music awards show set for February 12.
Adele is the 1/4 favorite at to win the Album of the Year award for 21, which puts her ahead of Bruno Mars' Doo-Wops and Hooligans (5/1), the Foo Fighters' Wasting Light (7/1), Lady Gaga's Born This Way (10/1), and Rihanna's Loud (15/1).
The British singer-songwriter is also the favorite at 2/7 to win the Record of the Year award for Rolling in the Deep. Perry's Firework is a 15/1 longshot on that list.
Rolling in the Deep is the 1/5 favorite to win Song of the Year on the Grammys odds board at as well, with All of the Lights by Kanye West its nearest competitor at 4/1 odds. Mumford and Sons' The Cave is next at 7/1 odds on that list.
Finally, Adele isn't in the running for Best New Artist, with Nicki Minaj the 1/1 frontrunner on that Grammys prop bet. Bon Iver is next at 5/2, followed by The Band Perry at 11/4. J Cole (13/2) and Skrillex (12/1) round out the Best New Artist contenders.
2012 Grammys - Odds to Win Album of the Year
Adele (21) 1/4
Bruno Mars (Doo-Wops & Hooligans) 5/1
Foo Fighters (Wasting Light) 7/1
Lady Gaga (Born This Way) 10/1
Rihanna (Loud) 15/1
2012 Grammys - Odds to Win Record of the Year
Adele (Rolling in the Deep) 2/7
Mumford and Sons (The Cave) 9/2
Bruno Mars (Grenade) 15/2
Bon Iver (Holocene) 15/2
Katy Perry (Firework) 15/1
2012 Grammys - Odds to Win Song of the Year
Rolling in the Deep (Adele) 1/5
All of the Lights (Kanye West featuring Rihanna & Kid Cudi) 4/1
The Cave (Mumford and Sons) 7/1
Grenade (Bruno Mars) 20/1
Holocene (Bon Iver) 20/1
2012 Grammys - Odds to Win Best New Artist
Nicki Minaj 1/1
Bon Iver 5/2
The Band Perry 11/4
J Cole 13/2
Check out updated Grammys odds at prior to the show on February 12.