Place your bets on Facebook's IPO -- literally

@CNNMoneyTech February 3, 2012: 12:47 PM ET
facebook betting

Ireland's Paddy Power and England's Ladbrokes are accepting Facebook-related bets on everything from share price to space missions.

NEW YORK (CNNMoney) -- Facebook has finally filed for an IPO, but it likely won't start trading for months. For those who can't wait to gamble on the stock market, bookies are accepting bets.

Paddy Power -- the largest Irish bookmaker with 3,300 transactions per second -- set its odds on Thursday, a day after Facebook filed its paperwork.

"Facebook is such a part of our day to day lives, so customers came to us asking about it," says Paddy Power spokesman Féilim Mac An Iomaire.

It's an unlikely 10/1 that Facebook will price its IPO at less than $25 a share. The highest odds fall in the range of $35 to $44.99 a share, while $65 and above is set at 9/2.

If hard numbers aren't your bag, Paddy Power is also taking bets on who will ring the stock exchange's opening bell on the day Facebook begins trading.

Facebook is great. But $100 billion great?

Bell-ringer odds are high, of course, on Facebook CEO Mark Zuckerberg at 1/100. Founding president Sean Parker is set at 25/1. Bono, the U2 frontman and Facebook shareholder through private equity firm Elevation Partners, is a slim 100/1.

Like most Irish and U.K. bookies, Paddy Power lets its 2.7 million customers bet on "pretty much anything they fancy," joked Mac An Iomaire. "We set bets on Charlie Sheen's next girlfriend, another on alien existence."

London-based Ladbrokes set odds on its own list of outcomes: 1/10 that Facebook's IPO will raise more money than Google's (GOOG, Fortune 500) $1.9 billion offering in 2004 is one -- though it's hard to imagine who'd best against Facebook since it has already said it plans to sell $5 billion's worth of stock.

Customers can also place bets on company value, how long Zuckerberg will remain CEO -- and even whether Facebook will launch a space mission before 2020 (100/1).

So far, Paddy Power has pulled in only €1,100 (about $1,145) in Facebook-related bets. But Mac An Iomaire expects the pace to pick up as the actual trading date becomes clear.

"This looks to be a slow burner," he says. "It won't be on the scale of the [England-based horse race] Grand National, but we'll get some financial people who might feel that they have the inside track."

In the meantime, Paddy Power may add more Facebook-related outcomes to its books.

"We were considering doing a market on the movie, whether they'll make a sequel [to 2010's The Social Network] based on the [IPO]," Mac An Iomaire says. "We decided not to...but you never know, do you?" To top of page

Most Popular
Europe debt crisis and jobs numbers to drive stocks
 
Farmers hit the jackpot in Kansas oil boom
 
Apple to DOJ: Bite me
 
Postal Service offers $15,000 buyouts to 45,000 mail handlers
 
Summer gas prices - as good as they'll get
 
Hot List
CEOs who served their country

FedEx's Fred Smith did 2 tours of duty in Vietnam as a Marine. Meet 10 Fortune 500 executives who served in the U.S. military.  More

Farmer power forces Big Oil bidding war 

Group of farmers in southern Kansas pool their land to more than double their money from an oil company for their mineral rights. Play

6 great Memorial Day car deals

Here are some hot tips if you're going out car-shopping this weekend. More

Build your own mail-order home

This 150-square-foot home can be shipped anywhere and then assembled like Ikea furniture. More

How we got our jobs after college

Many Class of 2012 grads find themselves without work. But those who landed jobs say internships are key. More

Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2012 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2012 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2012. All rights reserved. Most stock quote data provided by BATS.