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Betting on Alien Life

Is there alien life out there? What are the odds that a US president will announce the discovery of alien life from the Oval Office? At Paddy Power, you can place bets on the existence of ET (“Extra-Terrestrial”).

What are the odds that alien life exists?

Scientists all over the world are hunting exo-planets – planets that revolve around other stars. As of February 2012, over 760 exo-planets have been discovered. 4 of those 760 (.52%) are in the habitable zone where it’s not too hot and not too cold and water flows as a liquid. Here on Earth, wherever there is water there is life.

And then there is the Drake Equation, a hypothetical formula that estimates the number of civilizations in the galaxy. The Drake Equation takes into account the number of stars, the odds of life forming and how long a civilization lasts. Estimates range from 0 to 182 million.

So what are the odds for a “sitting President of the USA making a statement confirming without doubt the existence of alternative life beings from another planet?”

Here are the odds from Paddy Power. Place your bet on ET!

2020 or later – 2/1
2012 – 16/1
2013 – 33/1
2014 – 33/1
2015 – 33/1
2016 – 25/1
2017 – 25/1
2018 – 22/1
2019 – 22/1

OCA News Editor

Jenny McKinnley is OCA’s financial correspondent. After spending years on the trading floor in both NY and London, she offers insight from the inside out on world financial news and events.