Olympics Betting Odds On Your Kids

Online sportsbooks have been known for allowing some crazy bets, but this one might just be the wackiest yet: William Hill Sports is allowing parents to place wagers on their own children making the Olympics in the future.

If you think your child is showing signs of becoming an Olympic sprint, swimming or rowing champion, then there could be a potential windfall beyond the obvious family pride of seeing them perform in your national colours that it will bring, according to a report in The New York Times.

William Hill's betting agents will ask you a number of questions about your child, and offer you appropriate odds. Age and sporting performance to date both matter. Don't laugh: reporter Sam Borden was offered 2,500 to 1 odds that his two-year-old daughter will ever appear in the Olympics, and 10,000 to 1 that she will win gold.

Bookmakers have been all about crazy bets over the years, and it all began with that now famous story about the man who places a 10-pound bet in 1964 on humans reaching the moon by 1970. As we all know, the feat was accomplished in June 1969, and the man walked away with 10,000 pounds in cash.

Our challenge to our readers is this: Try to come up with the wackiest betting idea possible and then pitch it to your favorite online sportsbook. Who knows: you could come away with some cash in the future for placing a wager on world peace being achieved or just earn some compensation when a comet strikes the earth.