"I'm waiting for the losing actor to have the courage to just go 'F***' when the camera pans on him. If I have the balls you'll see me do it on March 7," hollywood.com quoted him as saying.
Damon has already accepted he won't win and is instead contesting with co-stars on showing a brave face.
"I emailed The Lovely Bones actor Stanley Tucci. We have a contest to see who could look more magnanimous when Christoph Waltz' Inglorious Basterds wins!"