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Place Your Bets On Obama's Term

(CBS/AP)'s Stephen Smith has a story out today on the wagering that is going on around the inauguration of Barack Obama as president.

And there is plenty to wager on, from the serious (an Obama impeachment) to the silly (what the Obamas will name their puppy) to the bizarre (that the first thing to happen after election will be that aliens discovered on Mars, presently a 500-1 shot).

There also seems to be some wishful thinking: The odds that the first thing to happen after the election will be the legalization of marijuana are listed at just 12-1. That's not a bet Hotsheet would take.

You can check out the full story here.

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