IT'S THAT TIME ... 2009 OSCAR ODDS / ACADEMY AWARD ODDS

On Sunday, the Academy Awards will once again commence at the Kodak Theatre in Hollywood and there are some clear favorites. Slumdog Millionaire, the feel-good Danny Boyle Mumbai opus made for just $14M, is a heavy favorite to win Best Picture. It's a sure thing...

What are the films and performances with longer odds that would be worth a wager on Sunday? Check out the odds below...

BEST PICTURE
Slumdog Millionaire – 1/7
The Curious Case of Benjamin Button – 6/1
Milk – 20/1
Frost/Nixon – 30/1
The Reader – 50/1

BEST ACTOR
Mickey Rourke, The Wrestler – 1/2
Sean Penn, Milk – 3/2
Frank Langella, Frost/Nixon – 10/1
Brad Pitt, The Curious Case of Benjamin Button – 25/1
Richard Jenkins, The Visitor – 35/1

BEST ACTRESS
Kate Winslet, The Reader – 1/2
Meryl Streep, Doubt – 5/2
Anne Hathaway, Rachel Getting Married – 4/1
Angelina Jolie, Changeling – 25/1
Melissa Leo, Frozen River – 35/1

BEST SUPPORTING ACTOR
Heather Ledger, The Dark Knight – 1/100
Josh Brolin, Milk - 20/1
Robert Downey, Jr., Tropic Thunder – 25/1
Phillip Seymour Hoffman, Doubt – 30/1
Michael Shannon, Revolutionary Road – 50/1

BEST SUPPORTING ACTRESS
Penelope Cruz, Vicky Cristina Barcelona – 1/2
Viola Davis, Doubt – 3/1
Marisa Tomei, The Wrestler – 5/1
Amy Adams, Doubt – 12/1
Taraji P. Henson, The Curious Case of Benjamin Button – 15/1

BEST DIRECTOR
Danny Boyle, Slumdog Millionaire – 1/7
David Fincher, The Curious Case of Benjamin Button – 6/1
Gus Van Sant, Milk – 20/1
Ron Howard, Frost/Nixon – 25/1
Stephen Daldry, The Reader – 35/1