insider.justbet.com

JustBet has a great way for Prop Betting fans to make some money from the 82^nd Academy Awards, which take place Sunday (8 pm ET, ABC).

Instead of offering Academy Award Betting Odds for each and every nominee in the major categories, JustBet is giving bettors a choice of the favorite or the field, with the exception of the two biggest categories, Best Picture and Best Director, where there are two favorites and the field.

The Hurt Locker is favored to win the Best Picture Oscar, at -140, while Avatar, the highest grossing film of all time, is at +100. The Field (Any Other Picture) is +3000.

The Hurt Locker director Kathryn Bigelow is a big favorite to win the Best Director award, at -600. Bigelow’s ex-husband, James Cameron, who helmed Avatar, is at +350.

Any other director (the field) is at +3000.

In the Best Actor category, fan favorite Jeff Bridges is an overwhelming favorite at -750 for his performance in Crazy Heart. The field is at +450.

Sandra Bullock is the favorite for the Best Actress Oscar, at -175, for her portrayal of  Southern mom Leigh Anne Tuohy in The Blind Side. The field, which includes legend Meryl Streep, is at +135.

In the Best Supporting Actor category, Christoph Waltz is a huge favorite at -3000 for his role in Quentin Tarantino’s Inglorious Basterds. The field is +1000.

And Mo’Nique in Precious: Push by Sapphire is the favorite to win the Best Supporting Actress Oscar at -1900, while the field is at +850.

Check out JustBet for a full list of Academy Award nominees and betting odds.