I have been looking the field over and I like Claudio Hummes from Brazil to become the next Pope. He is listed as +700 at Americasbookie.com.
Although he is 79, Hummes is viewed as a someone who could be a good balance between the conservatives and the progressives. He was in charge of the largest Catholic diocese in the world and he was just appointed to lead the Vatican office that oversees priests around the globe.
Geography could play a key role in Hummes' election. We have until 11 am on March 1 to wager on this. Good luck!