Bodog Allowing Bets On Next Harvard University President

In the ever-expanding world of online betting, Bodog.com has expanded it again as today they released odds on who will be the next Harvard University school preident.

Elena Kagan, the popular Harvard Law School dean, is the favorite at 3 to 1. She's followed by another Harvard insider, provost Steven E. Hyman, at 7 to 2, and then by Stanford's provost, John Etchemendy, at 4 to 1. Mark S. Wrighton, a former MIT administrator who is now chancellor of Washington University in St. Louis, has 13 to 1 odds on becoming the next Harvard president.

Calvin Ayre has reported that more than 600 bets have already been made on the 'event'. The limits of the bet are that wagers can only be between $5 and $50. Representatives from Bodog said the website first offered a wager on the future president on Feb. 23, two days after Lawrence H. Summers announced that he planned to step down, but betting did not start to heat up until the field of contenders was updated this month.

When told about the bets being made on their fate, contenders for the job merely chuckled in amusement.

Twenty percent of wagers have been placed on favorite Kagan, while a quarter are on Princeton president Shirley M. Tilghman and 12 percent are on Keohane. Hyman and Etchemendy only had 2 and 3 percent, respectively.

Bodog would not say how much money has been bet in total, but they did say that the end of the betting would be on Dec. 31. If a president has not been picked by then, Bodog plans on cancelling all bets. Ironically, a president is not expected to be picked until early in 2007.

August 25, 2006
Posted By Bob Hartman
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