Nobel Lit Odds, 10.04.2011

Via The New Yorker’s Book Bench blog, current odds (and yeah, we know, they change) from Ladbrokes for the 2011 Nobel Prize in Literature (the oddsmaker’s name is Magnus Puke, by the by).

Adonis (Syria): 4/1
Tomas Tranströmer (Sweden): 7/1
Haruki Murakami (Japan): 8/1
Bob Dylan (U.S.): 10/1
Assia Djebar (Algeria): 12/1
Peter Nadas (Hungary): 12/1
Ko Un (South Korea): 14/1
Les Murray (Australia): 16/1
Thomas Pynchon (U.S.): 20/1
Philip Roth (U.S.): 20/1
Nuruddin Farah (Somalia): 20/1

While it’s easy to dismiss literary competitions as trifling or even crass, they do much—particularly high profile ones like the Nobel or the Pulitzer—to augment the readership of these authors, cement the winner’s canonical place, and expose the winner to a larger audience. They also help writers get paid better, which is a good thing.

The odds don’t really mean that much of course—this time last year, Cormac McCarthy was the favorite with an 8:1 lead.