Think you know who will replace David Letterman? Now you can put your money where your mouth is.

Gambling website Bovada has released its odds for the next host of the Late Show on CBS. Stephen Colbert, who Mashable reported was the frontrunner for the gig, is also Bovada's favorite at 5/2 — meaning a $1 bet would pay off with $2.50.

Bovada is one of the larger gambling sites on the Internet, with online casino, poker, horse racing and a sportsbook. The site takes bets on a variety of entertainment events, including the Oscars and the winner of Dancing with the Stars.

Colbert's contract with Comedy Central is up in 2015, which would be well-timed with Letterman's anticipated departure.

Among the other frontrunners is Conan O'Brien, the ousted host of NBC's the Tonight Show who now has a show on TBS. O'Brien's deal is also set to expire around the time of Letterman's retirement. Colbert's Comedy Central cohort, Jon Stewart, comes in third on Bovada, followed by Chelsea Handler.

Interested in long shots? Jay Leno, who recently left NBC, comes in at 50/1. Alec Baldwin, for some reason, is 75/1.

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