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Is it a sin to bet on the pope?
(Reuters) - British and Irish bookmakers ranked Nigeria's Cardinal Francis Arinze, Peter Turkson of Ghana and Canadian Marc Ouellet on Monday as favorites to lead the Roman Catholic Church, setting odds swiftly after Pope Benedict's shock resignation.
William Hill, Britain's largest bookmaker, offered odds of 3/1 against for Arinze, or a probability of 25 percent, while Ouellet and Turkson were priced at 7/2 against, meaning successful punters would win seven pounds for every two staked.
Irish bookmaker Paddy Power had the same three cardinals as leading contenders but placed Ouellet as favorite ahead of the two Africans. Britain's Ladbrokes narrowly made Turkson its initial frontrunner.
Read more at Reuters