Miss Universe 2007 Betting Odds Have Miss Venezuela Big Favorite, Miss Costa Rica 18-1
Miss Universe 2007 Betting odds are now available. The show will air live from Mexico City Monday May 28 at 9 pm ET. So who are this year's hotties?

To few people's surprise, Miss Venezuela Ly Jonaitis is the favorite to become Miss Universe 2007. The Miss Venezuela contestant is typically listed among the top five favorites year after year to win the beauty pageant.

Irish bookmaker PaddyPower.com has Jonaitis earmarked with the only single digit odds - 8 to 1.

Another regularly featured Miss Universe country, Brazil, is also well represented this year with Natália Guimarães at 10 to 1 odds.

Miss Greece, Doukissa Nomikou, is also listed with 10 to 1 odds of becoming the next Miss Universe 2007.

Miss Nicaragua - Xiomara Blandino- also has very favorable odds to win Miss Universe 2007. She's listed at 12 to 1 and she's bound to have plenty of her fans on hand being that the show will take place just up the block in Mexico.

Miss Dominican Republic typically shows up within the 20 to 1 odds sector and this year is no exception as Massiel Taveras is listed with 20 to 1 odds.

The online gambling capital of North American focused bookmakers is none other than Costa Rica and this year these slobbering dogs have something to bark about for sure. Miss Costa Rica, Veronica Gonzalez, is listed with solid 18 to 1 odds of becoming the next Miss Universe.

We were surprised to find Miss Puerto Rico failing to represent as well this year with Uma Blasini who only comes in with 33 to 1 odds. She also happens to be the tallest in the competition, standing 1.85 m. and she's a cancer survivor, as is Miss Mexico. Both went through thyroid gland tumor extraction.

Miss Jamaica (Zahra Redwood) is the first Rastafarian to represent Jamaica at Miss Universe. She is listed with 50 to 1 odds.

Miss Mauritius is expected to be represented by Sandra Faro (1st runner-up at Miss Mauritius 2006) because Melody Selvon, the actual winner of the competition, is only 16 years old. Faro is also listed with 50 to 1 odds.

Other countries represented included Miss USA Rachel Smith at impressive 14 to 1 odds; Miss Canada at 66 to 1 odds and Miss Mexico at 16 to 1 odds (the host country).

Paddy Power won't have any home grown country representation in this year's Miss Universe competition. That's because neither Ireland - home of Paddy Power - nor the United Kingdom are taking part.

The tiny island nation of Trinidad and Tobago, which made big waves in last year's World Cup, will not send a delegate for the first time in sixteen years, due to a lack of financial support. Kenisha Thom, who represented Trinidad and Tobago in 2006 appealed to the government and businesses to support the pageant, to no avail.