Finally, someone is thinking of the children.

The entertainment futures market is buzzing over the impending birth of Nicole Richie’s first child. She announced her pregnancy on July 31 in an interview with Diane Sawyer – didn’t she used to be a journalist?

The father is Joel Madden of the alleged musical act Good Charlotte. This information is only relevant because of some of the prop bets available, like what color eyes the baby will have. Brown is the favorite at 5-6. However, sharp bettors have done their homework and learned that Caucasian babies (Madden is white, Nicole is half-Caucasian) are generally born with blue/grey eyes before their color stabilizes, usually by six months of age. The odds on “Blue” had shrunk to 10-11 by press time.

You can also bet on hair color, birth weight and what name the proud parents will give their child. “Camille” is the favorite at 3-1.

One site that has the odds on Nichole Richie’s baby, is Bodog.