Yo', Dawg, check it out, the final 12, ugh, 13, contestants have been set for "American Idol": Season 8, and sports entertainment investment parlor Bodog has installed "theatrical" fan favorite Adam Lambert at 2/1 and bootylicious Lil Rounds as the female favorite at 4/1 to win the popular reality series competition on FOX.

Bodog has put a $50 maximum cap on this entertainment proposition bet. If you are planning on investing a portion of your bankroll on the outcome of this season's edition of American Idol the main question you have to ask yourself is; to which contestant will American Idol voters attach themselves?

Here now are the odds on your 13 American Idol wannabe's along with my American Idol predictions.

Who will win American Idol: Season 8?

Adam Lambert - 2/1

Recently photos of Lambert kissing a man in the back of a car popped up in national gossip columns. Will this hurt his popularity? Doubtful. Lambert has got the disaffected pretty-boy Goth look down that has captured the popular tween "Twilight" set known as Twi-hards. He's got the look but will it be enough to harness all that American Idol voting power? Ultimately, what makes him so popular might also be what loses it for him.

Danny Gokey - 13/4

There are many reasons to like Gokey to win American Idol: Season 8. He's got a great voice and heartbreaking back-story (his wife died a few months before he tried out for AI). In the semi-finals he wowed the judges with Mariah Carey's "Hero" and was the evening favorite. Gokey's real talent, though, lies in a milquetoast ability to ease in and out of genres and that should carry him through into the later rounds.

Lil Rounds - 4/1

From the moment Lil opened her mouth you knew she was a Top 10 candidate. Her small stature belies her huge voice and she has an amazing stage presence. We've seen her type in past seasons like Fantasia but whether she has enough "it' factor to wow voters is unsure right now. It seems like she has gotten more than her share of face time, which won't hurt her chances in the early elimination episodes. Unfortunately, Rounds is the too-obvious choice to win this year and despite being called "brilliant" by Simon I am laying off.

Allison Iraheta - 15/2

This 16-year-old's version of Heart's "Alone" killed with the judges. The fact that Iraheta looks much older and sounds like she's been a pack-a-day smoker for years gives her a nice edge. American Idol is about not blowing your artistic load early, but a ripening of talent over the weeks leading up to the finale. In 2006 Iraheta won a Telemundo reality television program called Quinceañera. She's under-the-radar now but perhaps not for long.

Scott MacIntyre - 10/1

If you don't know already Scott is blind. He is also one of the funniest contestants on American Idol that I can remember. You can't help but like the guy when he says these gems, "I'm not the most visual person" and "My hair doesn't look its best tonight....I rushed out of the house this morning." Macintyre's a good, not great, singer, and a decent piano player. He gets the underdog-overcomes-disability vote but in the end with or without a piano, MacIntyre isn't your next American Idol; he's just not good enough.

Matt Giraud - 12/1

This year's Eliott Yamin; each week he doesn't get kicked off you wonder why. Good thing for Giraud he picks songs better than he does outfits as his fedora and Palestinian scarf on the Wild-Card show almost had him eliminated again. Despite singing a "billion times better" than the previous week Simon couldn't help but tell the audience that Giraud's version of Smokey Robinson's "Who's Lovin' You" reminded him of Taylor Hicks (yet Simon brought him back anyway). There is no way the blues-man shtick gets Giraud as far as Hicks.

Alexis Grace - 12/1

Final four alert. She's the pink-haired 20 year-old stay-at-home mom from Memphis, TN who can apparently sing the entire Aretha Franklin songbook. She's got huge chops for a skinny white girl but it remains to be seen if she is the real deal or just another one-song wonder poseur.

Anoop Desai - 15/1

Anoop "dog" is back in the house, yo! He's like Season 8's mascot. America will keep him around until they tire of his antics (that is their prerogative). He's got a weak voice and that will be exposed eventually. But in the meantime he'll provide some much-needed entertainment in the early rounds before America votes him out.

Megan Joy Corkrey - 15/1

Recent divorcee Mega-Joy is this year's Brooke White with the rocker-heroin chic look down and her nasal vocal stylings are reminiscent of a chicken being raped. Mega-Joy's wild-card audition didn't exactly bring down the house, but she looks good on camera and her fairy tale tattoos are of immense interest (apparently Mega-Joy still needs to get over-herself). Until she does I can't see her capturing this American Idol fairy tale. Mega-Joy is a package artist with a niche audience.

Jorge Nunez - 25/1

It's hard not to like Jorge as a person; he's nice, quiet, and respectful and has a decent voice when singing in his native tongue. If this was Latino American Idol, with his smoky eyes, sonorous voice and brooding good looks, he'd be a lock to win, but it isn't. I think his accent will be too distracting each week. I hope he lasts long enough to cover Barry Manilow, (and his version of 'Beat it' should be hilarious) but chances are good he goes out after Murray.

Kris Allen - 30/1

Allen is your typical under-the-radar AI contestant. While America has not see a lot of him, Allen has a few things going for him already; the chicks (as Simon said) love him and he already covered a Michael Jackson's "Man in the Mirror" to the judges (sort of) acclaim. As Paula said, covering MJ is "like the kiss of death" but said Allen made it his own (which means it wasn't that great). As long as Allen doesn't repeat the same song this week (like Tatiana) I like him to go deeper into the competition.

Jasmine Murray - 30/1

16-year-old Murray made to Hollywood via Jacksonville, Florida and was in the second round of 12 of the final 36 but did not earn enough votes to advance. Thanks to the Wild-Card round Jasmine, whose rendition of Christina Aguilera's reflection was good enough to get her into the Top 13. Murray still needs time to find her identity and until she does this her stay in the Top 13 won't be long.

Michael Sarvar - 50/1

Unless you have a crush on singing roughnecks you'll throw your money away backing the likeable 28-year-old from Texas. Sarver did well in Phoenix with his rendition of Boys II Men's "Thank You" and when it comes to the country songs he does well too. Unfortunately elimination week starts with the Michael Jackson songbook, which pretty much ensures a country version of "Billie Jean" this week. Will it be enough to keep him in the competition? Perhaps, but he's gone by elimination Week 6.

The Pick! Danny Gokey -- 13/4

Gender of the winner of American Idol: Season 8?

Perhaps a one-in-13 risk isn't your thing but you still want to put more meaning into your American Idol: Season 8 viewing experience than dialing-in your vote. Then gender betting might be your thing. Sportsbook.com is offering odds on the gender of the American Idol 8 winner. You can get +1.25 for backing a female and -1.75 for a male.

If you are thinking of investing in an American Idol 8 gender proposition keep in mind that the last seven Idols have alternated between male and females with a male, David Cook, winning last year. Seasons 3 and 4 featured winners Fantasia Barinno and Carrie Underwood as the only time females have won in back-to-back seasons.

The Pick! American Idol 8 Winner Male (-1.75)

*odds courtesy of Bodog.