In an article entitled "Oops I VID it again", the News of the World reports that Kevin Federline is apparently holding Britney Spears to ransom over their divorce by threatening to sell a video tape of them having sex.  Britney Spears announced Tuesday she would be divorcing Kevin Federline.  He was reportedly notified by text message.

The report claims Federline has already been offered £26 MILLION.  A film company wants to make it available online to fans around the world.

One close pal told the News of the World: "This vid is dynamite and Kev knows it."

And the News of the World can also reveal that Britney slapped divorce papers on Federline—who had already been linked with hookers—after she caught him in a bedroom with another woman.

Fleshbot.com reported last week that a "sex" video purported to feature that of Britney Spears and Kevin Federline showed up on PornTube.com. 

But Fleshbot.com warned:

"Before you get too excited, keep in mind that the 19 second clip of uncertain provenance that popped up on PornoTube a few hours ago only shows a tight closeup of a woman who may or may not look like Britney (depending how hard you squint) giving some rather energetic head to an uncircumcized ***** that may or may not belong to K-Fed ... and that any shlub with a video editing program can add a "Britney Spears Sex Tape" logo to the corner of the footage to make it look somehow 'official'."

After countless internet hits on weblogs and public praise to Britney for the recent filing, BetUS.com (see website here) has posted odds concerning the future of both Britney Spears and Kevin Federline with betting as low as a dollar online. 

Analysts at BetUS.com posted the following odds:

First person to do an interview in “People” magazine:
Britney Spears- 1/2
Kevin Federline- 6/4

First to do an interview in “Vanity Fair” magazine:
Britney Spears- 2/1
Kevin Federline- 6/4

First to do an interview with Barbara Walters:
Britney Spears- 1/3
Kevin Federline- 2/1

First to do an interview with Oprah:
Britney Spears- 1/3
Kevin Federline- 2/1

First to get arrested:
Britney Spears- 5/2
Kevin Federline- 1/4

First to get re-married:
Britney Spears- 6/5
Kevin Federline- 1/4

First to have a number one album:
Britney Spears- 1/4
Kevin Federline- 5/2

First to have a number one hit single:
Britney Spears- 1/2
Kevin Federline- 6/4

First to have more children:
Britney Spears- 3/1
Kevin Federline- 1/5

Britney’s next move:
To Appear on Oprah- 2/1
Get Married Again- 10/1
To Have Her Own Talk Show-10/1
Announce She's Pregnant-14/1
Photographed on a Date With Ryan Phillipe-18/1
To Get Back With Justin Timberlake- 18/1
Move to the UK or Ireland to Live-18/1
Announce Her Retirement From Music-25/1
To Star in a Re-Make of "Single White Female"-100/1

Odds on Britney Spears appearing in “Playboy”
Yes- 4/6
No- 11/10

Next person to publicly date Britney Spears:
Perry Taylor (Former Nanny)- 4/6
Ryan Phillipe- 3/1
Dave Navarro- 9/4
Nick Lachey- 11/4
Robbie Williams- 6/1
Prince Willaim- 9/1
Colin Farrell- 10/1
Orlando Bloom-10/1
Leonardo DiCaprio- 10/1
Elijah Wood- 14/1
Pharrell Williams- 14/1
Matthew McConnaughey- 14/1
Eminem- 16/1
Kanye West- 16/1
Justin Timberlake- 20/1
P. Diddy- 20/1
Sacha Baron Cohen (Borat)- 35/1
Ben Affleck- 25/1
George Clooney- 28/1
Carmen Electra- 40/1
David Hasselhoff- 80/1
Simon Cowell- 250/1
Bobby Brown- 100/1
Michael Jackson- 500/1
Madonna- 100/1
Tim Zalac- 1,000/1

How many times she’ll be married before she turns 30:
Twice- 7/4
3 times- 4/6
4 times- 7/1
5 times- 20/1
6 or more times- 60/1

Applies to have her sons’ named changed to Spears:
Yes- 13/10
No- 10/17

To be granted full custody of her sons:
Yes- 1/10
No- 5/1

To get back together with Justin Timberlake:
Yes- 8/1
No- 1/20

“I America has been waiting for this divorce with baited breath,” said Betus.com Spokesman Christopher Bennett. “My bet is that a vast majority of Americans are breathing a collective sigh of relief.”

Learn more about BetUS.com Here 

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Sparky Collins, www.gambling911.com

Originally published November 12, 2006 1:00 pm ET