Oktoberfest - where to stay?

I am hoping to visit Oktoberfest in Munich this year and am wondering where to stay and organise accommodation. I have heard that 2 million people or more are expected?! So I guess accommodation is going to be hard to come by and expensive. Any advice or experience on booking ahead at this late stage? I am not averse to staying in a hovel but equally can probably afford luxury accommodation if it is available. Thanks for any help.

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