China was available at odds of 6/1 for first contact before the weekend but has been cut into 4/1 second favourite following several large bets including one of €500.
The betting frenzy was sparked by reports on Friday of a UFO soaring across the night sky over South East China which forced Xiaoshan International Airport to ground several flights to avoid a collision.
While the Chinese government has remained tight-lipped, punters wasted no time backing China which has resulted in Paddy Power facing a payout in excess of €25,000 should they be proved correct.
The USA remains the bookies narrow favourite at odds of 3/1 with Ireland at 9/2 and Russia at 5/1. Paddy Power have also slashed the odds of extraterrestrial life being proven by 2013 from 100/1 to 33/1.
Which country will have First Contact with ET?3/1 USA
4/1 China (From 6/1)
9/2 Ireland (From 9/4)
18/1 South Africa
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