NEW YORK (
) -- While some people are happy just reading about the latest news on
highly publicized personal woes, others are looking to turn his misfortunes into some cold, hard cash. Indeed, Irish bookmaker
has been taking bets on which Woods sponsor will drop Tiger Woods next.
The 9/4 favorite to win was
, 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.
The odds of TAG Heuer cutting loose the world's number one golfer are 3/1, while
Gillette, which has said it will be limiting Woods' marketing presence, is at 6/1,
is at 12/1 and
is at 20/1.
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.
Paddy Power kept the Woods sponsor bets posted on its web site during week, but pulled them off by the weekend. It also had another Tiger poll that it posted up and pulled off shortly afterwards: Who will the next 911 call from the Woods household be for? Tiger? His wife, Elin? His mother-in-law Barbro Holmberg, again? The Nanny, or the Gardener?
Who do you think will be the next to drop Tiger Woods from their endorsement deals?
-- Reported by Andrea Tse in New York
>>Tiger Woods' Sponsors (Mostly) Standing by Woods
Follow TheStreet.com on
and become a fan on
Copyright 2009 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.