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Paddy Power offer lost stake market refunds if first black Pope is elected

16th February 2013 / lee
Paddy Power

Online bookmaker Paddy Power have thrown a great Money Back Special into the next Pope betting. The Cardinals at the Vatican will be voting on who they want to succeed the outgoing Pope Benedict XVI who becomes the first ever pontiff to step down from the position, citing poor health as the reason. So while the Conclave will come together to decide who next heads up the Catholic church, if that man happens to be the first black Pope, the online bookmaker Paddy Power will refund all losing bets on the market.

This offer will apply to any single bets placed before 12:00pm on Monday, February 18th at online betting site Paddy Power and the maximum refund on this offer up up to a maximum of £25. This promotion applies to the next permanently appointed Pope after Bnedict XVI and the coverage applies only in the case of Peter Turkson, Francis Arinze and Wilfred Napier.

It is thought that the election of the first ever black Pope would be a good reflection of the growth through Africa of the Catholic Church and with Ghana’s Cardinal Peter Turkson and Nigeria’s Cardinal Francis Arinze both trading near the top of the market, there is every chance that this could happen. There has been a big trending favoritism towards Cardinal Peter Turkson, who was as far out as 6/1 in the market, before having his odds severely trimmed by Paddy Power.

Turkson for example is a big name around the Vatican, as he is the President of the Vatican’s council for justice and peace and he has been someone calling for a world bank. Turkson is currently trading at 5/2 favourite in the next Pope betting market at online betting site Paddy Power. As for Arinze, he has recent history on his side because he holds the position of Cardinal Bishop of Velletri-Segni, the very spot that Benedict had before he got promoted to Pope. What may not be in his favour though is age, Arinze is an octogenarian whereas Turkson is only in his sixties.

Canada’s entry, Cardinal Marc Ouellet has been drifting a little bit, after being a strong front runner in the market. He is good chums with Pope Benedict and he is seen as being not only charismatic but outgoing as well. Ouellet, the same age as Turkson, is in a position of power as it is right now, as the Prefect of the Congregation for Bishops, so he will have his strong supporter. However, his own comments saying that life as Pope wouldn’t be ‘very enviable’ and that it ‘would be a living nightmare’ has probably cost him the top Catholic job.

Next Pope outright winner odds at online betting site Paddy Power
Cardinal Peter Turkson 5/2, Archbishop Angelo Scola 7/2, Cardinal Marc Ouellet 4/1, Cardinal Leonardo Sandri 10/1, Cardinal Oscar Rodriguez Maradiaga 12/1, Cardinal Francis Arinze 12/1, Cardinal Odilo Scherer 14/1, Cardinal Christoph Schonborn 14/1, Cardinal Angelo Bagnasco 16/1, Cardinal Gianfranco Ravasi 16/1, Cardinal Luis Tagle 16/1

There are 208 Cardinals, but only those under 80 are eligible to get a vote in the Conclave. 67 of those Cardinals were put in position by Benedict XVI. Europe holds the most electors by region (62), with North America having 17, South America 13, Africa and Asia both with 11, Central America have 3 and Oceania has 1. Italy is the country with the most cardinal-electors.

Get in on the next Pope betting action at online betting site Paddy Power, who welcome new customers with a free bet up to the maximum value of £50 when registering. The betting site will match the value of your first stake on a new account as a welcome bonus.

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