Miss Universe 2008 - Miss Venezuela leads in the odds to win

Betting on Miss Universe beauty pageant is becoming more and more popular around the world; odds makers believe Miss Venezuela is the favorite to win the 2008 edition of Miss universe. Outgoing titleholder Riyo Mori will crown her successor at the Crown Convention Center (Diamond Bay Resort) in Nha Trang, Vietnam on July 14, 2008. Meanwhile odds makers at Bookmaker.com have posted odds to win the 2008 Miss Universe pageant, and currently favor Miss Venezuela to win the 57th edition of the beauty pageant. Miss Venezuela faces some strong neighborly competition from Miss Puerto Rico, Miss Panama, Miss USA and Miss Colombia - all favored contenders by the odds makers at Bookmaker.com in the Miss Universe pageant this summer. But why is betting on Miss Universe so popular? The possible huge payouts is the simple answer to the question. Betting $100 on Miss Venezuela to win Miss Universe 2008 would pay out $625 (+625) should she be crowned on July 14.