Some may be "incensed" over this, but that will only make them smell nice
As per Jeffrey's request, we'll link to this informative account of papal odds. The Rising Hegemon also provides a helpful tip sheet on the holy horses vying to replace Pope JP.
Seemingly good value on the longshots, though I would also add Ponchatoula's Lindsay Cardinale, who was recently eliminated from American Idol. She should go off at around 10k to 1.