International bookmaker Paddy Power is offering odds of 100/1 that the Siberian Yeti will be found by the end of 2012.
The development is in an area of the world that claims to have one of the highest number of sightings of a legendary creature also known as Bigfoot.
A new image of a Yeti - or Bigfoot - lurking behind trees is the 'clearest evidence' so far of the creature's existence.
Barack Obama is planning a private show for his wife, and British royal Zara Philips is releasing a video performing the cult South Korean dance.
The Siberian region of Kemerovo has opened an 18km trail to a cave where 'experts' claim the fabled Yeti hangs out.
Yetis have been 'sighted' recently in three different remote areas in Kemerovo region, according to local reports.
But has he put his Big Foot in it? Professor Valentin Sapunov hits the headlines round the world with the claim.
DNA 'tests' of hair supposedly from a Yeti in a Siberian cave show it comes from an unknown mammal closely related to man, it was claimed last night.
Kate Balkitskaya enjoys Black Russian cocktails in Siberian 'capital' Novosibirsk.