The Pope has quit his post for the first time since the 1400s, leaving online sportsbooks to scramble to get odds up on the next man to be elected as the leader of the Catholic church.
And at the opening favorite on the odds to be the next Pope is Marc Ouellet, who sits at 7/2 on that list. Ouellet is the head of the Congregation of Bishops, and formerly held the post of Archbishop of Quebec.
Nigeria's Francis Arinze and Ghana's Peter Kodwo Appiah Turkson are then both listed at 4/1 at on the odds of being elected the next Pope, ahead of Argentina's Leonardo Sandri (13/2).
It's then the Italians who hold down the next four spots on that odds list at , with Angelo Scola at 7/1, Angelo Bagnasco at 15/2, Gianfranco Ravasi at 8/1, and Tarcisio Bertone at 16/1. Scola is the Archbishop of Milan, while Bagnasco is the Archbishop of Genoa.
Italy is the +160 favorite at on the 'where will the next Pope be from?' prop bet, followed by Africa (+175), North America (+325), and South/Central America (+350). Pope Benedict XVI was born in Germany, while his predecessor Pope John Paul II was born in Poland. Italians had previously dominated the post.
Pope Benedict XVI has cited 'advanced age' as his reason for stepping down, with the official resignation coming on February 28. The last time a Pope resigned was Gregory XII back in 1415.
Who will be the next Pope?
Marc Ouellet (Canada) 7/2
Francis Arinze (Nigeria) 4/1
Peter Kodwo Appiah Turkson (Ghana) 4/1
Leonardo Sandri (Argentina) 13/2
Angelo Scola (Italy) 7/1
Angelo Bagnasco (Italy) 15/2
Gianfranco Ravasi (Italy) 8/1
Tarcisio Bertone (Italy) 16/1
Jorge Mario Bergoglio (Argentina) 20/1
Christoph von Schonborn (Austria) 33/1
Odilo Pedro Scherer (Brazil) 33/1
Tim Dolan (USA) 33/1
Where will the next Pope be from?
North America +325
South/Central America +350
What will be the age of the next Pope?
60 or under +1000
71 or over +200