Pope Benedict XVI will resign on Feb. 28, the first such abdication in nearly 600 years. The 85-year-old leader, previously Cardinal Joseph Ratzinger, is citing health reasons. He’ll turn 86 in April.

Naturally, oddsmakers have already run the numbers and determined the likelihood of powerful Catholics to replace him.

Cardinal Marc Ouellet, 68, is the favorite at Paddy Power Plc at 5-2, meaning a 2-euro ($2.70) winning bet would win a 5- euro profit. The Dublin-based bookmaker is offering Nigeria’s Francis Arinze, 80, and Peter Turkson, 64, of Ghana at 7-2. Argentina’s Leonardo Sandri, 69, is at 5-1. Turkson was previously rated as favorite.

Full odds are here.

Bono is a longshot. BONO.

[H/T: Sports Bet]