Monday, March 15, 2010

Irish Bookmakers Give 3:1 Odds Pope Resigns

Let's Place a Bet!

LONDON (Reuters) – Irish bookmaker Paddy Power said Friday it had cut the odds on Pope Benedict XVI resigning after allegations of child abuse by priests in Germany gripped the Roman Catholic Church. Ireland's biggest bookmaker, which has branches in Britain as well as Catholic Ireland, said it had cut the odds from 12 to 1 to 3 to 1 following a "cascade of bets." The bookie also said it had cut the odds on Nigerian Cardinal Francis Arinze becoming the next Pontiff to 4 to 1, after what it called a significant gamble. The firm said Arinze was now the clear favourite.
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