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It looks like Tiger Woods and his wife Elin Nordegren have something to celebrate in 2007, the couple has announced that they are expecting their first child.  Tiger went on to say, "We are expecting our first child together this summer. Obviously, we couldn't be happier and our families are thrilled."

Bodog.com has already posted odds on the sex of the child at -120 for both a boy and a girl.

It is not secret that Woods felt a tremendous sadness when his father Earl Woods passed away in May after losing a bout with cancer at age 74.

Woods added, "I have always wanted to be a dad. I just wish my father could be around to share the experience."

Tiger Woods announced that he will not play this week in the Mercedes Benz Championship in Kapalua, Hawaii deferring instead to spend more time on vacation with his family.  This will be the second straight tournament he has missed.  He ended last year winning six consecutive PGA Tour events, a streak that will remain on hold until Jan. 25 at the Buick Invitational in San Diego, where Woods is the two-time defending champion.

Bodog.com has posted odds on what the sex of Tiger Woods first child will be?

Boy: -120

Girl: -120

Bodog.com has posted odds on when Tiger Woods first child will be born closer to the US Open or the British Open?

US Open: -130

British Open: -110

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