Place Your Bets On American Idol?

Whether you love American Idol or hate it, now is your chance to make some money off of it. Pinnacle Sports is the first established bookmaker to offer odds on who will end up winning this season's American Idol.

So far the top three is rocker Ace Young, Katharine McPhee (my personal favorite) and Paris Bennett.

"This marks the first time that any sportsbook has offered betting on who'll win American Idol this early in the show," said Simon Noble of PinnacleSports.com. "American Idol has easily become the most popular entertainment event with our bettors and easily surpasses the Grammys in popularity. Wagering on the show is so popular that we took single bets of up to $10,000 last season."

I feel it is still way too early to risk betting money on who is going to win. Then again, gambling is all about the risk, so go at it. I think I'll sit this one out though, at least for now.

Here is a list of current odds (Click on any of the names below for more contestant information):

• Ace Young 7-to-2
• Katharine McPhee 4-to-1
• Paris Bennett 5-to-1
• Chris Daughtry 8-to-1
• Kellie Pickler 8-to-1
• Taylor Hicks 10-to-1
• Lisa Tucker 11-to-1
• Heather Cox 22-to-1
• Will Makar 24-to-1
• Stevie Scott 27-to-1
• Jose 'Sway' Penala 29-to-1
• Patrick Hall 31-to-1
• Becky O'Donohue 45-to-1
• Mandisa 47-to-1
• Ayla Brown 65-to-1
• Bobby Bennett 65-to-1
• Brenna Gethers 65-to-1
• Bucky Covington 65-to-1
• David Radford 65-to-1
• Elliott Yamin 65-to-1
• Kinnik Sky 65-to-1
• Gedeon McKinney 65-to-1
• Melissa McGhee 65-to-1
• Kevin Covias 65-to-1

Related Links:

1. Sirius Radio To Air Show Dedicated To Sports Betting