There are some really fun celebrity betting odds up including who will get divorced first as well as the ongoing feud between Perez Hilton and the Black Eyed Peas.

Bookmaker.com has the celebrity betting odds available for wagering and the first one we will cover has to do with the recent incident in which the Black Eyed Peas' manager punched gossip reporter and Miss America Judge Perez Hilton in the face following a heated exchange in the past week.

You can wager on which event will happen next with the favorite for this ongoing drama to result in either Perez Hilton or Black Eyed Peas member Will.I.Am to sit down and talk about the “fight” on a talk show with that option having -200 betting odds.

The next favorite to happen next is +100 that they will admit it was all for publicity and come clean about what really happened. With the Black Eyed Peas having a new album out, it does seem like a good time for the band to be in the press considering that no news is bad news for artists trying to sell an album.

The long shot in this category is +300 that punching Perez Hilton becomes a new media trend that others soon follow.

Speaking of the Black Eyed Peas, Bookmaker.com also has betting odds up on which celebrity couple will be the next to file for divorce with none other than Black Eyed Peas' leading lady Fergie, along with her husband Josh Duhamel amongst the bettable options with the two at +450 to file paperwork to end the holy matrimony.

Award-winning actor Sean Penn and his wife Robin Wright Penn are the favorite to be the next couple to axe their relationship with Ashley Simpson and Pete Wentz not far behind. Will Smith and Jada Pinkett Smith are the long shots to get divorced currently.

Check out Bookmaker.com for the constantly updated celebrity betting odds on various media events.