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The 2010 Oscar odds favorite for Best Song was easily The Weary Kind at Sports Interaction.com (see website here)
It is the theme from Crazy Heart, which is also expected to take an Oscar for Best Actor (Jeff Bridges).
The country song was written by T-Bone Burnett and Ryan Bingham. It had ridiculous odds of -1250 to win the Oscar.
The other four nominated songs pay out much better but are extreme long shots of winning.
They are:
Take It All +500 (pays $50 for every $10 bet)
Almost There +1400 (pays $140 for every $10 bet)
Down In New Orleans +1400 (pays $140 for every $10 bet)
Loin de Paname +1400 (pays $140 for every $10 bet)
2010 Oscar odds were also being offered for Best Original Score.
Up -303 (required a $30 bet to win $10 and the $30 is refunded should Up win)
Avatar +200 (pays $20 for every $10 bet) *This is a value pick.
Sherlock Holmes +900
The Hurt Locker+1200
Fantastic Mr Fox +2200
