Sandra Bullock Among Oscar Winners 2010

Sandra Bullock accepts the Oscar for best performance by an actress in a leading role for The Blind Side. (AP Images)"]

It’s finally here – Oscar night – that night when Hollywood takes a break from al the hardships and struggles of opulence to take a moment to reflect and to give themselves a giant pat on the back. The first Oscar recipient of the evening was relatively unknown Austrian actor Christoph Waltz for best supporting actor in Inglourious Basterds. He was a lock for the win after he blew audiences away with his brilliant portrayal of a Nazi obsessed with hunting Jews. Waltz beat out big-name Hollywood actors Matt Damon for Invictus, Woody Harrelson for The Messenger, Christopher Plummer for The Last Station and Stanley Tucci for The Lovely Bones.

So I'm suddenly realizing that if I write every Oscar winner like I just wrote the above paragraph, we will be here for a very long time - you and I.

So I'm gonna run through these pretty fast - only to stop on any seriously crazy moments (and the "big ones" of course). Best Original Song was "The Weary Kind" from Crazy Heart. Ryan Bingham spoke for himself and T Bone Burnett. Mark Boal won for Best Orignial Screenplay for The Hurt Locker.   Logorama won Best Animated Short, while Best Documentary Short went to Music By Prudence. There was a real Kanye moment in the acceptance speech when Elinor Burkett jumped on stage and cut off Roger Ross Williams during his speech making for awesome, awkward Oscar TV. You can see the drama unfold here.

The Oscar for Best Live Action Short went to The New Tenants. Roger Corman and Lauren Bacall were named honorary Oscars recipients. Geoffrey Fletcher won the award for Best Adapted Screenplay for Precious and immediately after, Precious won Best Supporting Actress, which was given to Mo’Nique.

“I’d like to thank the Academy for showing that it can be about the performance and not the politics,” Mo’Nique said as she accepted her Oscar.

Avatar's first Oscar was won for Production Design. Sandy Powell (who gave an awesome acceptance speech) won Costume Design for The Young Victoria. Sound Editing: Paul N.J. Ottosson for The Hurt Locker and for Sound Mixing: Paul N.J. Ottosson (again) and Ray Beckett. Avatar's Mauro Fiore won for Cinematography. Avatar also picked up the prize for Visual Effects. Up's Michael Giacchino earned an Oscar for original score. Best Documentary went to The Cove. Film Editing went to The Hurt Locker. Argentina's The Secret in Their Eyes was named Best Foreign Language Film.

Finally, some action - Jeff Bridges won for Best Actor for Crazy Heart.

"My dad and my mom they loved show business so much," Bridges said as he accepted his Oscar. "I feel an extension of them."

The Oscar for Best Actress went to Sandra Bullock.

"Did I really earn this or did I wear you all down?" She asked.

The rest of her speech was both touching and humorous, as she took the time to mention all the other Best Actress nominees. Incidentally, Bullock won a Razzie last night and showed up to give a speech.

Barbara Streisand presented the award for Best Director to Kathryn Bigalow. James Cameron, who was seated behind her, stood up and cheered.

"This is the moment of a lifetime," she said. "The secret to directing is collaborating," she went on to say. No sooner had Bigelow left the stage, Tom Hanks announced that The Hurt Locker had won for Best Picture. Bigelow returned to the stage and once again dedicated the Oscar to those unsung heroes in the armed forces.

"Ladies and gentlemen the show was so long that Avatar now takes place in the past," Steve Martin joked as the show closed.

What did you think? Did you win your Oscar bets? No major upsets tonight and all-in-all, it was a pretty good show. The Bodog Sportsbook has more entertainment betting you can put money on like American Idol and Dancing with the Stars odds.