Barack Obama becomes the 44th U.S. President tomorrow, and to celebrate the occasion, Ladbrokes are taking bets on his speech.

You can get odds of 5/6 that his speech is under 23 minutes, and the same odds are on offer for over. William Hill go 8/1 that the speech is under 10 minutes 5/2 for between 15 and 20 minutes. A marathon 30 minutes+ is on offer for 8/1.

Perhaps more of interest is the content of the speech, where you can bet on individual words and phrases. Ladbrokes’ favourite is ‘Congress’ at 1/5, but ‘Senate’ has also been cut to 8/13 from evens. ‘John McCain’ isn’t worth a bet at evens, but ‘Hillary Clinton’ can be backed at 5/6. ‘Kenya’ has been cut to 4/1 from 5s but ‘Gordon Brown’ is 33/1.

He is 16/1 to have a 3rd child during his presidency and 50/1 to be impeached. It is 6/4 that Osama bin Laden is captured during his watch, which may not be a bad price if he gets a 2nd term (evens).

bookies.com compares odds across a range of political betting markets:

Length of Speech Betting

Phrase Betting

In Florida McCain took 36 percent of the vote, Mitt Romney 31 percent, Rudy Giuliani 15 percent and Mike Huckabee 14 percent. The results mean Giuliani is almost certain to drop out of the running for the Republican race and endorse Mr McCain following one of the most disastrous election strategies ever.

Hillary Clinton is now a best price of 13/10 (bet $10 to make a $13 profit) to be next US president while McCain is rated a 9/4 chance. Barack Obama is a 3/1 shot, followed by Mitt Romney at 14/1. Only Michael Bloomberg, who may still decide to run as an independent candidate, is rated shorter than 100/1 and he is a 40/1 chance at the moment. The failure of Rudy Giuliani to capture the voter’s imaginations may make Mr Bloomberg unwilling to run.

The success of John McCain has caught several bookies out. When the betting opened he was a general 4/1 shot to be next US president but by November 1 he had been pushed out to 40/1 as his campaign floundered. Since then it has picked up extraordinary momentum but it has to be remembered he could still be bet at 14/1 on January 1.

In the betting on who will secure the Republican nomination, McCain is a 1/5 shot, with Romney his only realistic rival at a best price of 14/5.

Hillary Clinton is top priced at 53/100 to be the Democratic Candidate with Obama rated a 7/4 shot in the run up to Super Tuesday, which is likely to prove decisive in who gets the candidature.

Check out all the Next US betting president odds, betting on the Republican nomination and betting on the Democratic nomination at Bookies.com.