Betting odds on Time Person of the Year 2012 Competition
Polls have opened for the Time Person of the Year 2012 competition and Paddy Power has of course opened a betting market on who will be chosen this year.
Unsurprisingly they have chosen Barack Obama as the most likely candidate. The President of the United States, who has just secured a second term, has been given odds of 1/3 making him the clear favourite.
Perhaps the most surprising thing about Paddy Power’s odds is the vast gap between the favourite and the second favourite, the Higgs Boson Team.
The team, whose work at the large hydrogen collider (LHC) led to the discovery of the Higgs Boson particle, has been given odds of 10/1, significantly lower than Barack Obama’s 1/3.
Paddy Power offer odds on a total of 41 possible candidates. Strangely enough, the odds on Bashar Al Assad (20/1), the President of Syria, are far better than a number of equally unlikely candidates such as Vladimir Putin (33/1) or Lady Gaga (50/1).
The inclusion of these figures at all in the list, and the slightly strange betting odds just go to demonstrate that Paddy Power really is convinced that no one other than Obama has a chance of being awarded the title.