With the nearing of the 2008 Miss Universe Contest that is being held at Vietnam, betting on the probable winner is also on in full swing. This time around, the odd makers are betting high on the hot favorite, Miss Venezuela Dayana Mendoza winning the title. Riyo Mori, outgoing titleholder, will crown her successor on 14 July at the Crown Convention Center (Diamond Bay Resort) in Nha Trang, Vietnam. At the Bookmaker.com, the odds makers have busy betting on the most prospective of the total 80 contestants in the 2008 Miss Universe beauty pageant. At the moment, many are supporting Venezuela’s Dayana Mendoza to win the 57th edition of the beauty pageant.

However, among those giving Miss Venezuela a good competition includes Miss Puerto Rico, Miss Panama, Miss USA and Miss Colombia. The odds makers are highly favoring these contestants too at the Bookmaker.com as they hold good chance of winning this year’s pageant. High return on correct guesswork is crucially why the betting game on Miss Universe contest is generating so much interest. For example, betting $100 on Miss Venezuela to win Miss Universe 2008 would pay out $625 should she be crowned on July 14. Miss USA, on the other hand, would payout $900 for every $100 bet on her!