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Bob Dylan favourite for Nobel Prize

Bob Dylan has surged into the position of hot favourite for the Nobel Literature Prize after a wave of late bets on the legendary singer-songwriter. The prize will be announced today.

books Updated: Oct 06, 2011 09:58 IST

Bob Dylan has surged into the position of hot favourite for the Nobel Literature Prize after a wave of late bets on the legendary singer-songwriter, a leading bookmakers said Wednesday.

Ladbrokes reported that 80 percent of the bets taken over a 12-hour period went on Dylan, causing his odds to tumble from 100-1 to 5-1 ahead of Thursday's announcement.

Wagers have been placed by punters from Japan, Canada, Sweden -- the home of the Nobel committee -- and nearly every country in Europe, the London-based bookmakers said.

Punters have shunned previous favourites Haruki Murakami, now at 8-1, and Tomas Transtroemer (10-1).

Given the current situation in the Middle East, speculation in Stockholm's literary circles has pointed to Syrian poet Adonis winning the award, but his odds have fallen to 6-1.

Alex Donohue of Ladbrokes said: "We have seen a lot of bets from Sweden, from people we believe to be quite well-informed.

"Everything now points to Dylan taking the prize. At first we had him down as a rank outsider but the committee have been known to spring a shock and punters the world over feel Dylan will be the beneficiary."

Last year's winner was Spanish-Peruvian author Mario Vargas Llosa