Jake Bugg and Arcade Fire also tipped for success ahead of tomorrow night's ceremony (February 26)

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Arctic Monkeys, Jake Bugg and Arcade Fire are among the favourites to pick up awards at tomorrow night’s NME Awards, with Austin Texas.

The awards take place on Wednesday February 26 at O2 Academy, Brixton and will be hosted by BBC Radio 1 presenter and NME columnist Huw Stephens. Paul McCartney will also attend the NME Awards 2014 with Austin, Texas to collect the special, one-off honour of NME’s Songwriter’s Songwriter, while Damon Albarn will collect the brand new NME Award For Innovation.

Arctic Monkeys lead the nominations this year with eight in total. Haim follow closely with six nominations while Queens of The Stone Age, Lily Allen and Arcade Fire all have three. Voting has now closed with bookmakers William Hill tipping Arctic Monkeys to take home the prize for Best British Band ahead of competition from Foals and Biffy Clyro. The ‘AM’ band have odds of 4/6 to add to their collection of awards.

Arcade Fire, meanwhile, are tipped to hold off Haim and Queens of the Stone Age in the category of Best International Band. The Canadian act, who released their latest album ‘Reflektor’ in 2013, currently have odds of 6/4 to take home the coveted prize.

Additionally, Jake Bugg is being backed to take home the prize for Best Solo Artist despite competition from David Bowie, Paul McCartney and newcomer Lorde. The Nottingham born singer-songwriter also faces competition from Kanye West and Lily Allen on the night.

Finally, Daft Punk‘s hugely successful single ‘Get Lucky’ is the favourite to be named Best Track with odds of 4/9. Scroll down to see a full rundown of the odds currently on offer from William Hill.

NME Awards 2014 odds:

Best British Band

Arctic Monkeys 4/6
Foals 9/4
Biffy Clyro 8/1
Two Door Cinema Club 9/1
Disclosure 16/1
Palma Violets 20/1

International Band

Arcade Fire 6/4
Queens of the Stone Age 5/2
Vampire Weekend 4/1
Haim 6/1
Phoenix 8/1
Nick Cave & The Bad Seeds 16/1

Solo Artist

Jake Bugg 6/4
David Bowie 2/1
Paul McCartney 7/2
Lorde 8/1
Kanye West 10/1
Lily Allen 16/1

Best Track

Daft Punk – ‘Get Lucky’ 4/9
Arctic Monkeys – ‘Do I Wanna Know?’ 7/2
Arcade Fire – ‘Reflektor’ 9/1
Primal Scream – ‘2013’ 9/1
Disclosure – ‘White Noise’ 12/1
Lily Allen – ‘Hard Out Here’ 16/1

Elsewhere at the awards, Blondie have been named this year’s Godlike Genius, and the band will collect the award in person and perform at the show. In addition, Belle & Sebastian will receive the Teenage Cancer Trust Outstanding Contribution To Music Award and will also perform live.

Ceremony tickets for the NME Awards 2014 with Austin, Texas are on sale right now. Get yours here.