Web wagers on children stars

Reckon your child could grow up to score the winning goal in the World Cup final? Win a Grand Prix? Scoop an Oscar? An Irish …

Reckon your child could grow up to score the winning goal in the World Cup final? Win a Grand Prix? Scoop an Oscar? An Irish businessman will pay out $100,000 (€112,183) if your dream comes true.

Up to 15,000 people a day are visiting a Dublin-based website which takes bets on the future achievements of your children, sporting or otherwise, and guarantees a cash lump sum to the child if the feat is pulled off.

Mr Peter O'Mahoney, 34, set up his www.superstarprize.com site in March after five bookmakers refused to take a £20 bet on his two-month-old nephew eventually winning a Formula One motor race.

The businessman linked up with UK insurance company Royal & Sun Alliance, which is indemnifying any pay-out.

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As children registered to win major sporting events must currently be under 10 years of age it will be a few years before any win is likely. The odds are also, it must be said, firmly in favour of Mr O'Mahoney.

To nominate a child costs £10, for which a certificate is provided setting out the chosen ambition and the pot of gold on offer.