People have been wagering on the Oscars forever, but this year, for the first time ever, you can do so legally. New Jersey just became the first state to take legal bets on this year’s Academy Awards, after legalizing sports betting last year. So where’s the money going?  Roma is the odds-on favorite for Best Picture.  And even though The Wife star Glenn Close is considered the favorite for Best Actress, more bets are being placed on Lady Gaga for A Star Is Born.