Though movie fans wait for most sportsbooks to post the Vegas odds for the 2009 Academy Awards in their entertainment and political betting odds section, we do have the betting lines for the 2009 Oscars courtesy of Grandmaster sports handicapper Joe Duffy.

For the most prestigious of the awards, Best Picture, Slumdog Millionaire is the overwhelming favorite at 1-3. The Curious Case of Benjamin Button is 7-2, followed by Milk at 9-1, Frost/Nixon at 12-1, and the Reader at 18-1.

Mickey Rourke (The Wrestler) is likely to get the Oscar for Best Actor as the oddsmakers have him at 8-11. He’s followed by Sean Penn (Milk) at 13-8, Frank Langella (Frost/Nixon) at 7-1, Brad Pitt (Benjamin Button) 14-1, and Richard Jenkins (The Visitor) at 20-1.

Other favorites in the major Academy Awards categories include Kate Winslet at 8-11 and Anne Hathaway at 7-4. Best Director Vegas lines has Danny Boyle at 2-5 and David Fincher at 7-2 leading the way.

The late Heath Ledger brings new meaning to overwhelming favorite. He is 1-14 to win Best Supporting Actor, odds not seen much since Michael Phelps in the Olympics. The Best Actress has Penelope Cruz at a 4-5 favorite.

American Idol 2009 odds will likely come out soon and OffshoreInsiders.com and the betting blog JoeDuffy.net will report them when posted.