By the conclusion of Thor: The Dark World, Loki (Tom Hiddleston) had succeeded in once again taking up the throne of Asgard and getting his adopted brother - the true Odinson (Chris Hemsworth) - out of the way and back on Earth (again). Except this time it was in disguise as Odin (Anthony Hopkins), the true ruler of the realm.
So if Loki is pretending to be Odin, where is the real Odin and what has he been up to? Well, he's in Brisbane, Australia. Or more accurately, he's in New York during Thor: Ragnarok.
That's right, Odin was seemingly exiled by Loki to Midgard (our measly world) where he's living out life as a homeless crazed man we'd assume. This is a potential nod to the Ultimates version of Thor, who was introduced as an Earth man who many didn't believe had godly powers. It also looks like Hopkins as Odin is having a grand 'ol time for the paparazzi.
The following shots were nabbed by Brisbane photographer Gleen Hunt who even had the stars pose and wave for the camera: