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Leading bookmaker Paddy Power has today slashed the odds on Pope Benedict XVI resigning his papacy from 12/1 from 3/1 following a cascade of bets placed on the Pontiff stepping down.

While it remains a very rare occurrence, Papal resignations have taken place. Pope Celestine V and Pope Gregory XII both resigned for the greater good of the Catholic Church and as recent as 2002 there was speculation that Pope John Paul II would resign due to failing health.

The bookmaker has also reported a significant gamble on Francis Arinze becoming the 266th Pope which has resulted in the Nigerian Cardinals odds shortening into 4/1 (now the clear favourite).

Paddy Power said, “The dark clouds of clerical abuse scandals show no sign of abating and recent reports from Germany are surely a little too close to home for the Pope. Current betting patterns hint toward a possible papal resignation and should this happen Cardinal Arinze seems the most papabile.” (more…)

With political polls continuing to suggest a hung parliament as a real possibility ahead of the forthcoming General Election Paddy Power are offering 3/1 that the Liberal Democrats enter into a coalition government.

Both Labour and the Conservatives will want to get the Lib Dems into their corner should Britain be hamstrung with no party winning a Commons majority and Paddy Power are betting on who might be the most likely to receive the Lib Dem’s official support from Nick Clegg. The bookie offers 6/1 for the Lib Dems to officially support Labour and 8/1 they side with a Conservative government.

Darren Haines, spokesman for Paddy Power, said: “Even though the Lib Dems are 150/1 no hopers to win the Election, it increasingly looks like they could be the Party that is left holding all the cards and all eyes will be on what they decide to do.”

Meanwhile should the Lib Dems find themselves in the position of King-makers after the election the majority party may be forced into granting them some big concessions in return for their support. Paddy Power offer 12/1 the Lib Dems get their main wish for Proportional Representation to be introduced whilst the bookie is also betting on what will be the most powerful Cabinet position held by a Lib Dem MP in a hung parliament.

The favourite is Deputy PM at 8/1 whilst Chancellor of the Exchequer could be a popular bet at 12/1 with the respected Vince Cable waiting in the wings. The top job of PM is 80/1 to be held by a Lib Dem. (more…)

Microsoft has launched their TV hosting service MSN video player in a bid to win market share of the online TV audience. The MSN site currently sits in 13th place of most popular sites and the new service and Paddy Power quotes 7/4 that the move will propel them into the top 10.

Breaking the inertia around popular sites is very hard though and MSN faces a tough battle against BBC’s iplayer. Paddy Power has MSN at 3/1 to overtake the BBC online by 2011 but 1/5 that they will find it too hard to beat the national broadcaster.

Roberto Coladangelo spokesman for Paddy Power said, “We admire people who challenge the market leader and wish Microsoft luck but the iplayer has been around for a while now and habits are hard to break.” (more…)

Six acts will compete on the BBC’s ‘Your Country Needs You’ tomorrow night for the right to perform Pete Waterman’s entry for the United Kingdom at the Eurovision Song Contest in Oslo.

Of the six un-known acts, Paddy Power make bubbly solo singer Karen Harding their hot favourite at 6/4 to win the public’s hearts and go on to represent the UK at the popular song contest in May.

Also hoping to win the public vote to fly the flag in Oslo is impressive male vocalist Josh Dubovie at 11/4, fun fivesome ‘Uni5’ at 3/1, 20 year-old singer Alexis Gerred at 6/1, female trio ‘Miss Fitz’ at 7/1 and Austrian singer Esma Akkilic at 14/1.

Last year Jade Ewen, who performed Andrew Lloyd Webber’s ‘It’s My Time’ gave Britain its best showing in the competition for seven years finishing with 173 points. This year Pete Waterman will be hoping to top that score but the country still faces an uphill battle with Paddy Power quoting long odds of 20/1 that they win and 25/1 that they finish last!

Sharon McHugh, spokesperson for Paddy Power said: “Last year proved that having a powerful singer and successful producer behind the Eurovision entry really does make a difference. This year Pete Waterman will be hoping to pull it off and Karen Harding certainly has a voice that could do any song justice.” (more…)

If you had asked Paddy Power last week what the odds would have been for ‘squeaky clean’ Mark Owen confessing to not one, not two, not three, but TEN affairs, you would have got something in the region of 100/1.

The mild mannered Take That singer has stunned punters with his sensational confessions of infidelity and forced Paddy Power to make dramatic changes to their ‘Current Affairs’ betting market.

With cheating husbands and betraying spouses coming out of the woodwork in recent weeks the latest ‘current Affairs’ market at Paddy Power gives punters the opportunity to predict what profession the next tabloid cheat might come from.

Not surprisingly soccer was top of their list at 13/8 after it was revealed footballers Ashley Cole and John Terry had been playing away. Second on the list was ‘TV Personality’ no thanks to housewives favourite Vernon Kay’s antics while Singer had been a middle of the road 8/1 to produce the next love rat!

Thankfully not many punters successfully predicted the next love-cheat would be a singer and just five bets amounting to €70 were placed on that selection leaving Paddy Power with a small payout of €560.

Due to demand, Paddy Power have revised the popular betting market although Soccer is still the red-hot favourite at 13/8 while Singer has now been catapulted into third favourite position at 4/1, behind TV Personality.

Sharon McHugh, spokesperson for Paddy Power said: “If Mark Owen can’t stay on the straight and narrow what hope does the rest of the male population have! This latest revelation has thrown our ‘current affairs’ betting wide open!” (more…)

Week Nine of ITV’s C-list celebrity ice dancing pantomime fell on Oscars night so was tackily renamed “Dancing On Ice Goes to the Movies”. Hayley Tamaddon was awarded the first “perfect” 30 of the series while chubby Boyzone singer, Mikey Graham was eliminated after a thrilling skate-off with Danniella Westbrook.

Mikey has been moderate for a few weeks now and, having bailed him out after a shocker last week, the public evidently couldn’t be bothered to do so again. He handled himself with good grace/humour but his time had come.

Although the (supposedly spontaneous) standing ovation from the judges and startled amazement on Phillip Schofield’s face were a bit excessive, Hayley’s Bollywood routine was brilliantly choreographed and superbly executed. Having been the front-runner throughout, she has now eased clear of the field and it will be a travesty is she doesn’t win. With the lack of any credible opposition (either in terms of skating ability or popularity with the voting public), it’s hard to imagine any other outcome.

Behind Hayley, the other four remaining runners are beginning to bunch. All are decent skaters when at their best but have had to survive at least one skate-off. Consequently, it’s hard to predict which two will join Hayley in the final.

Danny Young reached the dizzy heights of second on this week’s leaderboard with his interpretation of the film, Rocky. By going topless for his routine, he subjected us to a ridiculous amount of mock flirting/blushing by Holly Willoughby, Emma Bunton and, unnervingly, Jason Gardiner but the skating content was solid. Slowly but surely, he’s improving.

There can’t be many men alive who look no more camp than normal when donning a bright pick plastic coat but Kieron Richardson is one of them. I’ve never watched Hollyoaks but, apparently, Kieron plays a “bad boy”. Could that be the worst piece of casting ever? Although his Pink Panther routine was cheesy, for once, he managed to produce a mistake-free performance and was rewarded with his highest score to date (21pts). If he builds on that, he could make the final but, if the errors creep back in, he’ll quickly be back in trouble.

This week, it was Gary Lucy’s turn to be given the unjustly derisory score (3pts) by Jason Gardiner. I’m no psychologist but the Australian’s insistence on doing this at least once a week leads me to conclude he was bullied at school. Gary still fails fully to commit in his performances and this week’s Pulp Fiction-themed routine didn’t play to his strengths. However, he has plenty of skating ability and, despite slumping to fourth position this week, could easily bounce back to second next week.

Having been in a skate off two weeks running, it seems unlikely Danniella Westbrook will make the final. Nevertheless, Sharron Davies recently reminded us not to underestimate public sympathy under such circumstances. Danniella’s a short price to go this week but expect words like “spirit”, “plucky”, “character” and “determination” to be bandied about like confetti and , if she gets back to the form that saw her awarded 24pts a few weeks ago, she can avoid the chop. Despite being wrong about him last week, I’m again plumping for Kieron to go.

Leading bookmaker Paddy Power have launched a range of betting opportunities around the forthcoming budget following today’s announcement that Alistair Darling will deliver his much-awaited pre-election balancing of the nations coffers on Wednesday 24 March.

And with the likelihood of the election being called just weeks later Paddy Power reckon there won’t be too many unpleasant surprises for the British voting public.

Its evens with Paddy Power that the top rate of income tax will be remain somewhere between 46p to 50p and 8/13 that the standard rate of VAT will remain between 16.5% to 17.5%. They make an increase in job seekers allowance their odds-on favourite 2/5 and 10/11 for corporation tax to remain uncharged. The bad news for the public is Paddy Power is expecting another rise in the duty on alcohol.

Paddy Power said: “We don’t think there’ll be too many surprises with the Chancellor somewhat hamstrung by the forthcoming Election. Of course, we could be completely wrong and Darling may choose to go out all guns blazing to leave as much mess as possible in the hope that a Conservative government suffer the consequences.” (more…)

The largest annual dog show in the world is back again. Crufts takes place this Thursday 11th March to Sunday 14th March and for the first time in over five years, the Gundog group has shot into favourite position to win the Best In Show Award.

Paddy Power make the group their 4/9 red-hot favourite following a flurry of bets this week. The last time a gundog won the Best In Show prize was in 1999. Throughout the years, the Hound and Terrier groups have always proved more popular with the judges.

The Hound group is the 5/1 second favourite to win Best In Show, while it’s 6/1 the winner comes from the popular Terrier group.

Both the Pastoral and Utility groups are 8/1 shots to produce this year’s top dog while the Working group is 9/1. The Toy Group, having won the award just twice in the eighty-one years the competition has been running, is the 12/1 outsider to emerge victorious.

Sharon McHugh, spokesperson for Paddy Power said: “The Terrier Group has a fantastic track record at Crufts but this year most of the money has been for the Gundog group. To be fair it has been over a decade since the Gundog group produced a winner so it’s long overdue!”

Paddy Power are also quoting odds on the ‘Friends For Life’ award, recognising dogs that have gone above and beyond the call of duty and changed their owner’s lives forever. Sergeant Dave Heyhoe and his Labrador Treo (an Arms Explosive Dog) are the favourites to win the award with Paddy Power at 2/5. (more…)

Paddy Power put Fine Gael in the driving seat to fill the seat in Waterford left vacant by the resignation of Minister for Arts, Sports & Tourism Martin Cullen from the Cabinet and from the Dáil last night.

Ireland’s leading bookie makes Fine Gael their odds-on favourite to successfully contest the by-election and increase their number of seats in Waterford from one to two.

With Martin Cullen’s resignation there are now three by-elections to be held; (Waterford, Dublin South and Donegal South West). Paddy Power are offering odds on when the by-elections will take place and make before the end of this year their odds-on 4/6 favourite.

Odds of 1/4 are also available on the current Department of Arts, Sport & Tourism being dissolved and absorbed into other existing ministries.

Paddy Power said, “I’m guessing that the government will be in no rush to hold these by-elections so the proposed referendum on children late this year seems a likely option.” (more…)