Bookie taking bets on Apple iPad sales

Buying an Apple iPad will cost you at least US$499, but savvy gamblers will be able to win that money back and more by placing bets on how many units Apple's supposedly "magical and revolutionary product" will ship.

Paddy Power, an Irish bookmaker, said it is offering odds on the 2010 global sales of the Apple iPad, a handheld tablet device that has a multi-touch interface and will allow users to view movies, surf the Internet and play high-definition games.

The bookmaker says the iPad is likely to sell at least 2 million units, and is offering 11 to 4 odds on sales between 2 million and 3 million and 5 to 2 odds on sales of 3 million to 4 million.

"With its promise of seamless browsing, e-mail, photos, video, music, games and e-books Paddy Power are offering short odds of 11/4 that the iPad will rewrite the history books and sell between 2 million and 3 million units in 2010, making it the fastest selling device of its kind in history," the bookmaker said in a press release.

Paddy Power's initial predictions aren't always rock solid. The bookmaker also offered odds on what the name of Apple's new product would be, and made 'iSlate' the favorite with 4/5 odds.

However, a last minute betting spree shortened the odds on "iPad" from 7/4 to 1/3, and of course iPad ended up being the correct choice.

The full odds list on global iPad sales is 8/1 for less than 1 million; 7/2 for 1 million to 2 million; 11/4 for 2 million to 3 million; 5/2 for 3 million to 4 million; 5/1 for 4 million to 5 million; 8/1 for 5 million to 6 million; and 3/1 for over 6 million.

You get the feeling that Apple CEO Steve Jobs might take the odds on 6 million, if his remarks to an audience in San Francisco Wednesday are any indication.

"We want to kick off 2010 by introducing a truly magical and revolutionary product," Jobs said.

Follow Jon Brodkin on Twitter: http://www.twitter.com/jbrodkin

This story, "Bookie taking bets on Apple iPad sales," was originally published at NetworkWorld.com. Follow the latest developments in wireless at Network World.

Join the PC World newsletter!

Error: Please check your email address.

Tags AppleiPad

Struggling for Christmas presents this year? Check out our Christmas Gift Guide for some top tech suggestions and more.

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Jon Brodkin

Network World

Most Popular Reviews

Follow Us

Best Deals on GoodGearGuide

Shopping.com

Latest News Articles

Resources

GGG Evaluation Team

Kathy Cassidy

STYLISTIC Q702

First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.

Anthony Grifoni

STYLISTIC Q572

For work use, Microsoft Word and Excel programs pre-installed on the device are adequate for preparing short documents.

Steph Mundell

LIFEBOOK UH574

The Fujitsu LifeBook UH574 allowed for great mobility without being obnoxiously heavy or clunky. Its twelve hours of battery life did not disappoint.

Andrew Mitsi

STYLISTIC Q702

The screen was particularly good. It is bright and visible from most angles, however heat is an issue, particularly around the Windows button on the front, and on the back where the battery housing is located.

Simon Harriott

STYLISTIC Q702

My first impression after unboxing the Q702 is that it is a nice looking unit. Styling is somewhat minimalist but very effective. The tablet part, once detached, has a nice weight, and no buttons or switches are located in awkward or intrusive positions.

Latest Jobs

Shopping.com

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?