As literary types speculate about this year’s nominee for the Nobel Prize in Literature before the official announcement, UK gamblers are hard at work trying to predict a winner of the prestigious prize.

According to the betting site Ladbrokes, Swedish author Tomas Transtromer has the best chance with 5/1 odds. Japan’s Haruki Murakami and Autstralia’s Les Murray both have 11/1 odds of winning the prize.

Take these odds with a grain of salt. Last year, Herta Müller beat some tough odds to win the 2009 prize–Ladbrokes had Israeli author Amos Oz as the 4 to 1 favorite. (Via Michael Orthofer)