Will Miss Venezuela reign again? WagerWeb posts odds on the 2007 Miss Universe Pageant.

Every year men tune into the Miss Universe beauty pageant to ogle the women during the swimsuit and evening-gown competitions. This year those same men can get a glimpse at some of the most beautiful women in the world, and also make some cash thanks to WagerWeb.com.

Known as one of the premier suppliers of great betting odds for sports and entertainment events, WagerWeb.com has bolstered their odds offerings once again by releasing odds on this year's Miss Universe Pageant.

This year's competition will be held on Monday, May 28, at the National Auditorium in Mexico City . Currently 77 candidates will be vying for the 2007 Miss Universe crown, which was won last year by Zuleyka Jerris Rivera Mendoza from Puerto Rico . Mendoza 's reign will end on Monday night and the oddsmakers at WagerWeb have crunched the numbers and scoured the pictures to come up with come up with Miss Venezuela , Ly Jonaitis, as our 2007 Miss Universe favorite at +700.

Some of this year's celebrity judges that will be deciding who wears the crown include Dallas Cowboys QB Tony Romo, rock guitarist Dave Navarro, figure skater Michelle Kwan and Deal or No Deal briefcase model Lindsay Clubine. All of those judges are American, which could possibly give Miss America Rachel Smith an advantage. Also in Miss America 's favor is the fact that Americans have taken home the title of Miss Universe a record seven times.

Here are our Top 10 favorites to have her name called out as the new Miss Universe, and a few long shots that could pay off big if they can wow the judges.

The top 10 list for the 2007 Miss Universe Winner is:

Ly Jonaitis ( Venezuela )	7:1	+$700	*Risk $100 to win $700
Natalia Guimaraes ( Brazil )	9:1	+$900	*Risk $100 to win $900
Doukissa Nomikou ( Greece )	9:1	+$900	*Risk $100 to win $900
Xiomara Blandino ( Nicaragua )	10:1	+$1000	*Risk $100 to win $1000
Honey Lee ( Korea )	12:1	+$1200	*Risk $100 to win $1200
Natalia Zabala Arroyo ( Spain )	12:1	+$1200	*Risk $100 to win $1200
Megan Coleman ( S. Africa )	12:1	+$1200	*Risk $100 to win $1200
Rachel Smith ( USA )	12:1	+$1200	*Risk $100 to win $1200
Flaviana Matata ( Tanzania )	12:1	+$1200	*Risk $100 to win $1200
Puja Gupta ( India )	15:1	+$1500	*Risk $100 to win $1500
Rosa Maria Ojeda ( Mexico )	15:1	+$1500	*Risk $100 to win $1500

The last 3 spots belong to:

Gauhar Rakhmetalieva ( Kazakhstan )	150:1	+$15000	*Risk $100 to win $15000
Snezana Buskovic ( Montenegro )	150:1	+$15000	*Risk $100 to win $15000
Saneita Beem (Turks and Caicos)	150:1	+$15000	*Risk $100 to win $15000

About WagerWeb

WagerWeb.com founded in 1997, is a privately held, offshore online gaming company, fully licensed and located in San Jose , Costa Rica . With almost 10 years of experience, innovation and gaming technology, Wagerweb.com features a sportsbook, a racebook and casino and has accepted more than 50,000,000 wagers since the company's launch.

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