|Sportsbook.com has posted odds on World Cup 2006, with early predictions of a £1 billion betting frenzy.|
Defending champion Brazil is the clear favourite at 3-1, followed by their South American archrivals Argentina at 13-2.
Bookmaker William Hill has shortened Englandís odds to 13/2 after being they were gifted a kind draw for the group stage. Victory for England in the World Cup would be the worst result for bookmakers in Britain since Frankie Dettori hit them for £40m by winning all seven races at Ascot in September 1996.
Hill's spokesman, Graham Sharpe said, 'That day is known as Black Saturday in the industry after Frankie's 'Magnificent Seven' cost us £40 million but an England win in the World Cup would dwarf that and hit bookies for over £50million - we want England in as long as possible to maintain interest in the tournament, but dread them winning - so defeat in a penalty shoot-out in the Final would be ideal for us!'