Planning on making it through the wee hours of tomorrow morning to watch Obama's inauguration on TV? Well the good news is we can spice things up by betting on what he's going to say in his speech. Yes we can!

It turns out an Irish bookie is offering odds on phrases that may be used by the incoming president.

In a range of inauguration-themed bets, punters can place bets on the duration of Obama's speech, the TV ratings and what "cliche" he will first mention during his address on Tuesday.

The best odds on offer for the content of his speech are 8-1 for "Change has come", 10-1 for "Yes we can" and 12-1 for "Fundamental belief", "As I stand here today", "Defining moment" and "God Bless America".

At the other end of the spectrum, long shots include 500-1 for "Always bet on black!" and 250-1 for "Let's get ready to rumble" and "Life is like a box of chocolates," said bookmakers Paddy Power.

Punters can also lay bets on the colour of his tie and who will be the designer of the ball gown worn by Obama's wife Michelle and what colour it will be.

The breed of puppy promised for Obama's daughters when they move into the White House can also be bet on - the favourite being a Portuguese water hound.

Last year Paddy Power paid out over 1 million euros ($A1.97 million) on the former Illinois senator winning the 2008 presidential race, about three weeks before the vote.

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If you're planning to watch the in auguration on free to air TV in Australia, you have plenty of options.

All five networks will cover the event -  four live and one delayed.

* Channel Nine kicks off at 10:55pm AEDT Tuesday night. Featuring live reports from Karl Stefanovic and Robert Penfold in Washington DC, it extends right through to 5:30am Wednesday morning.

* TEN starts their coverage at 1:30am AEDT Wednesday to 6am.

* Seven's broadcast - hosted by Natalie Barr and Mike Amor - begins at 3am AEDT. Sunrise takes over at 6am.

* ABC begins their coverage at 3:25am AEDT Wednesday. It extends to 5am when ABC repeats Made in Chicago: The Making of Barack Obama (which screens first at 9:50pm Monday, 19 January). At 6am on ABC2 News Breakfast continues as President Obama makes his way from the Capitol building to the White House in a massive parade down Washington Mall.

* SBS covers the highlights of the event in a delayed format at 12:30pm AEDT Wednesday afternoon. But at 3pm it does feature a star-studded concert with appearances by Beyonce, Mary J. Blige, Garth Brooks, Sheryl Crow, John Mellencamp, Usher Raymond IV, Shakira, Bruce Springsteen, James Taylor, U2 and Stevie Wonder. It will also be repeated at 10pm Saturday January 24th.

It's time to get excited, all over again.

World reaction to Barrack Obama winning the election, in pictures:




Information from Sydney Morning Herald
Inauguration screening details via CitySearch
Image: Vanity Fair