88th Academy Awards set to air on February 28th

The 88th Academy Awards are set to air on February 28, wrapping up a controversial awards season that saw the usage of #OscarsSoWhite and #OscarsSoMale sweep across social media. While the Academy has announced steps to create reforms to its membership and voting criteria in the face of boycotts from Celebrities like Spike Lee and Will and Jada Smith, there is one tradition of the telecast that will never change -- the number of online gambling sites looking to cash in on the annual awards show. 

U.K.-based odds maker SkyBet traditionally offers members the opportunity to bet on sporting events from around the world, but once a year a special competition is posted for the six major Oscar categories: Best Picture, Directing, and all four acting awards.

In most categories, there are some surefire winners being called ahead of the show, which could lead to quite a predictable time for viewers.

Five-time Oscar nominee, (and recent BAFTA winner,) Leonardo DiCaprio ("The Revenant") has been listed at 1/50. Last year's Best Actor winner Eddie Redmayne ("The Danish Girl") is thought to be his closest competitor at 16/1. Film fans are well-aware of DiCaprio's rumored desire to finally take home the coveted gold statue, with memes and gifs of the actor taking over social media. The Best Actress category sees two former child actors leading the pack with predictors pointing to "Room's" Brie Larson running away the victor at 1/20 odds. Saoirse Ronan ("Brooklyn") is a distant second, holding steady at 12/1.

The competitions for Best Supporting Actor and Actress are much closer and could definitely be where the predictions break down in 2016.

Top Videos of the Day

Veteran actor Sylvester Stallone ("Creed") has been walking away with the majority of the awards for supporting actor this awards season, but Shakespearean stage star Mark Rylance ("Bridge of Spies") pulled an upset at the BAFTA awards on February 14th. The pair are listed at 1/3 and 5/2, respectfully. Relative newcomer to English-speaking entertainment, Alicia Vikander ("The Danish Girl") has a slight lead in her category at 8/15, having been previously nominated as a lead actress for "The Danish Girl" until this point in awards season. Kate Winslet ("Steve Jobs") and Rooney Mara ("Carol") are tied in second position at 7/2.

Best Picture could be a two-horse race between "The Revenant" (listed at 4/7) and true story "Spotlight" (at a close 2/1). The two films have split the majority of film and ensemble acting awards, making the category a difficult one to call. Alejandro Gonzalez Inarritu is expected to take home his second Oscar for Best Director, (he won last year for his direction of "Birdman") as his odds are pegged at 1/8.

Inarritu has won several directing awards across the industry after helming "The Revenant."

It should be mentioned that the major betting sites were only correct in 4 of 6 categories in 2015 -- most predicted the film "Boyhood" and its director Richard Linklater to win in their respective categories, but both were bested by the team involved in the critically-acclaimed "Birdman." It could be a wiser choice to save your money and use this insider information to best your friends in your Oscar pool instead of actually placing money on the awards show.