The present disclosure provides an optical display system and method, and a display device. The optical display system includes: a display screen; a light split member configured to split light from the display screen into a first polarized light and a second polarized light with different polarization directions; a first optical waveguide configured to guide the first polarized light to a light exit side of the optical display system; and a second optical waveguide located at a light exit side of the first optical waveguide, spaced apart from the first optical waveguide, and configured to at least partially transmit the first polarized light and guide the second polarized light to the light exit side of the optical display system.