The Grammy Awards are known as the biggest night in music, the music industry equivalent to the Oscars. Unlike the Oscars, however, the Grammys are much more accepting of newcommers and in fact, the award show airing this Sunday will feature plenty of debutants, competing with seasoned artists. So with that in mind, it’s about time for everyone to place their bets. Let’s see who the favorites are to sweep this year’s Grammys.

Macklemore & Ryan Lewis, Grammy Nominations Concert
With seven nominations, Macklemore & Ryan Lewis are expected to sweep the awards this year.

Record of the Year is one of the biggest categories at the award show. Out of the five nominees, Daft Punk’s Get Lucky seems like a no-brainer, but Lorde’s Royals, the unpredictable success of 2013 could come in and sweep this up last minute.

Daft Punk, MTV Music Awards
Daft Punk made the biggest comeback in 2013.

Album of the Year is a tough category this year. With Kendrick Lamar, Macklemore & Ryan Lewis and Taylor Swift (whose Red has been sweeping award shows ever since its release last year) all competing, it could go either way. Although we’d love to see Lamar’s M.A.A.D. City become the third ever rap album to win it, this one will likely go to Macklemore and Ryan Lewis’ The Heist. First-time nominee Sara Bareilles, who came out of left field with her The Blessed Unrest is also one to look out for.

Song of the Year – this is another easy one. With constant radio play and lyrics, subversive enough to make it stand out for the crowd, Lorde’s viral success Royals is a shoo-in. Although, if you’re on a kick for new music, Bruno MarsLocked out of Heaven and Same Love by Macklemore & Ryan Lewis are great choices for that playlist.

Lorde, Grammy Nominations Concert
Lorde is bound to win at least one of her four nominations and her viral hit Royals is likely to secure her Best Song.

Best New Artist could go either way. Our money would be on Macklemore & Ryan Lewis, but with Lorde oddly missing from this category, the only female nominee, Kacey Musgraves, could have a real shot at it.

Check out the full list of nominees over on TV Guide.