The Academy Awards (Oscars) nominations are out - which means it time for everyone to place their bets on Best Picture, Best Actor/Actress, Best Director, as well as many other categories.

Bodog Sportsbook, a pioneer amongst online bookmakers, has put out an extensive list of wagers for the 2010 Academy Awards. Let us take a look.

Bodog currently has "Avatar" as the favorite to win the Best Picture Award with odds 4/13. "The Hurt Locker" comes in at second, listed with odds 13/10 to win the Best Picture Award this year. Distant third is "Up in the Air" with long odds 15/1.

Here is the full list of betting odds on the 2010 Oscars for Best Picture:

A Serious Man - 75/1

An Education - 50/1

Avatar – 4/13

District 9 – 75/1

Inglourious Basterds – 18/1

Precious – 28/1

The Blind Side – 40/1

The Hurt Locker – 13/10

Up – 60/1

Up in the Air – 15/1

Moving on to Best Actor category, we see Jeff Bridges (Crazy Heart) as the definitive favorite with short odds 4/29. Behind him, Bodog lists George Clooney (Up in the Air) at 17/4 and Colin Firth (A Single Man) with 10/1 odds to win the Best Actor Award.

Odds at Bodog Sportsbook favor Sandra Bullock to take home this year's Best Actress award for her role in "The Blind Side" with odds 2/5, followed by Meryl Streep (Julie & Julia) at 7/4 and, Carey Mulligan (An Education) with odds 15/2 to win Best Actress at the 2010 Academy Awards.

Finally, odds on the Oscar for Best Director set Kathryn Bigelow (The Hurt Locker), the favorite with 1/3 odds, toe to toe with Avatar's director James Cameron. Also nominated for Best Director are Jason Reitman (Up in the Air) with 20/1 odds to win, Quentin Tarantino (Inglourious Basterds) at 22/1 and, Lee Daniels (Precious) as the underdog with 35/1 odds to take home the Oscar.

Alec Baldwin and Steve Martin will be hosting the 82nd Academy Awards on March 7 in Los Angeles’ famous Kodak Theater.

Miss B says: I’m excited for the 82nd Academy Awards! 2009 saw a slew of great movies so the evening is bound to be full of excitement. Share your picks for the 2010 Academy Awards below.

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