Ellen DeGeneres

Michael Rozman/Warner Bros.

Ellen DeGeneres hosting the Oscars next year is definitely a pro. Especially for the viewers at home.

But on her talk show airing Wednesday, the TV talker admits there's actually both pros and cons when it comes to overseeing Hollywood's biggest night.

"The last time I hosted was in 2007 and it was fun. It was an honor," DeGeneres tells her studio audience before explaining how she came up with a list to determine if she should accept the gig again or not.

Here are just a few of the highlights read by DeGeneres off a piece of paper pulled from her right sock.

"Pro: I get to perform in front of 60 million people. Con: Oh my god, 60 million people watch that thing."

"Pro: I'll be invited to all the cool Oscar after parties. Con: I like to be tucked in by 7:30."

"Pro: A lot of fancy designers will approach me to wear beautiful, expensive gowns. Con: Ain't no way in hell I'm wearing a gown."

"Pro: The theatre holds 3,000 seats. Con: It's gonna take 45 minutes to dance through all those aisles."

The Oscars will air Sunday, March 2, 2014, on ABC.

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