Thousands of gamblers cash in as Ratzinger elected Pope Benedict XVI

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Today's newly elected pope is hardly the only winner.

Today's newly elected pope is hardly the only winner.

Thousands worldwide placed bets on Cardinal Joseph Ratzinger through the Web _ and a few hundred even correctly guessed he'd take the name Benedict.

Paddy Power, an Internet-based bookmaker in Ireland, has taken bets on John Paul's successor for the past five years. After today's selection of Ratzinger, Paddy Power was collecting _ or paying out _ on more than ten thousand bets totaling more than 260-thousand dollars.

The biggest winner was someone who put down more than a thousand dollars Saturday on a Ratzinger victory at odds of six to one, which meant a 73-hundred dollar payout.

Somebody else scored a thousand dollars after correctly guessing the new pontiff would take the name Benedict.

%@AP Links

On the Net: www.paddypower.com

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