This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Which Sponsor Will Drop Tiger Next?

Stocks in this article: ACN PG ERTS NKE

NEW YORK ( TheStreet) -- While some people are happy just reading about the latest news on Tiger Woods' highly publicized personal woes, others are looking to turn his misfortunes into some cold, hard cash. Indeed, Irish bookmaker Paddy Power has been taking bets on which Woods sponsor will drop Tiger Woods next.

The 9/4 favorite to win was Accenture (ACN), which removed Woods from its homepage Friday afternoon and has ended its six-year sponsorship agreement him. A $100 wager over an Accenture breakup with Woods translates into a $325 payout from Paddy Power.

> > Tiger Woods Stock Index

The odds of TAG Heuer cutting loose the world's number one golfer are 3/1, while P&Gs (PG)Gillette, which has said it will be limiting Woods' marketing presence, is at 6/1, Electronic Arts (ERTS) is at 12/1 and Nike (NKE) is at 20/1. General Mills (GIS), GMs Buick, American Express (AXP) and Titleist are also on the odds sheet, although Woods no longer has deals with them.

Paddy Power will only make the payouts after the severed deal is reported by Fox or CNN, and provided that Tiger Woods has an official endorsement deal with the company. All bets are void if deals aren't dropped by 2011.

The bookmaker says it has taken about 300 bets on Woods, with each bet averaging about $15, CNBC reports. Last August, Woods' loss to South Korea's Y.E. Yang in the final round of the PGA Championship cost Paddy Power more than $2 million. The bookmaker is renowned for settling bets early, so bettors received a handsome payout when Woods led the Championships with a four-shot lead before his shocking final round loss.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs