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 newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags iPadApple

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

Jon Brodkin

Network World
Show Comments

Essentials

Mobile

Exec

Sony WH-1000XM4 Wireless Noise Cancelling Headphones

Learn more >

Budget

Back To Business Guide

Click for more ›

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Tom Pope

Dynabook Portégé X30L-G

Ultimately this laptop has achieved everything I would hope for in a laptop for work, while fitting that into a form factor and weight that is remarkable.

Tom Sellers

MSI P65

This smart laptop was enjoyable to use and great to work on – creating content was super simple.

Lolita Wang

MSI GT76

It really doesn’t get more “gaming laptop” than this.

Jack Jeffries

MSI GS75

As the Maserati or BMW of laptops, it would fit perfectly in the hands of a professional needing firepower under the hood, sophistication and class on the surface, and gaming prowess (sports mode if you will) in between.

Taylor Carr

MSI PS63

The MSI PS63 is an amazing laptop and I would definitely consider buying one in the future.

Christopher Low

Brother RJ-4230B

This small mobile printer is exactly what I need for invoicing and other jobs such as sending fellow tradesman details or step-by-step instructions that I can easily print off from my phone or the Web.

Featured Content

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?