'Time' Person of the Year: Everybody DrinkS

In the phlegmatic "race" for Time's "Person of the Year," there are multiple conflicting agendas and predictions. In particular, it's instructive to observe odds versus betting behavior on Sportsbook.com, which puts Google CEO Eric Schmidt as a 7-1 favorite. However, Schmidt has so far drawn less than 1% of votes in our own reader poll, which currently has Stephen Colbert as the favorite (insert indulgent eye-roll here). Bettors aren't interested in the sure thing though, as where's the fun (or big payoff) in that? Iranian President Mahmoud Ahmadinejad has drawn the most bets, taking in almost a third of total wagers so far (he's at 4% in our poll). Kim Jong-Il, at 10-1 against, has drawn 17.8% of wagers (he's at 1.5% hereabouts). For its part, Chrysler is wagering millions to be the POTY's sole corporate sponsor, a bet with long odds and little obvious payoff.

After the jump, our full poll continues, so take a moment and exercise your democratic prerogative. Next week, we'll narrow it down to a runoff among the top vote-getters, ultimately revealing how well you've chosen when the POTY is announced in mid-December.

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Earlier: 'Time' Person of the Year: Voters Vote for Voter