By Chris Nashawaty
Updated June 09, 2009 at 12:00 PM EDT

While we would never condone illegal wagering, we would like to call your attention to an Irish online betting site we like to check out from time to time called Paddy Power. Why? Because in addition to the various sporting events folks can risk their paychecks on (rugby, cricket, soccer, even darts!), the good folks there also take what they call “novelty bets” on the world of entertainment.

For example, at Oscar time, the site handicaps all of the nominees. Unlike, however, Paddy Power will actually pay you if your hunch is correct and that obscure little Japanese foreign language film manages to walk away with a statuette. While most of the site’s fiscal propositions tend to focus on British pop culture — like, who will win their latest edition of Big Brother — sometimes it sets its bookie gaze to our side of the pond and comes up with some pretty insane stuff.

Right now, you can wager on what the name of Angelina Jolie and Brad Pitt’s next baby will be. (For the record, “William” is the 8/1 favorite, with “Tatoo” coming in at 150/1.) Another hot topic is who will play Frank Sinatra in Martin Scorsese’s recently announced biopic of Ol’ Blue Eyes. Leonardo DiCaprio is the obvious frontrunner at 13/8, followed by George Clooney 9/4, Johnny Depp 11/4, and rounding out the bottom of the list, Joe Pesci at 150/1 — a sucker’s bet if ever there was one.

Finally, there’s a pair of 007 bets. The first is an intriguing one: who will be the next Bond Girl? Leading the oddsmaker’s book is Slumdog Millionaire‘s Freida Pinto at 15/8, followed by Jennifer Aniston at 4/1, Megan Fox at 6/1, and way down the list, Amy Winehouse at 250/1. The second is more surprising: Who will be the next James Bond? Will Smith apparently has the inside track at 4/1, trailed by Clive Owen and Christian Bale at 8/1, and get this, P. Diddy at 100/1. Personally, I’d say save your money. But if I were Daniel Craig, I’d be watching my back.