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Treasure hunters believe they may have found a UFO and now they want their odds.

A group of Swedish treasure hunters believe that a 190-foot circular object is located 285 feet below the Baltic Sea, somewhere between Sweden and Finland.

Previously the odds for finding extra terrestrial life on earth were 40/1. But all this talk of finding a UFO has got Paddy Power a little worried, so they’ve dropped the odds down to 20/1. Maybe they know something we don’t.

The treasure hunters hit it big back in 1997 while searching for rare American champagne made by Heidsick Monopole Gout in 1907. They found it and made millions.

Recently, searching for more of the posh plonk, the Swedish crew stumbled across what they believe to be a UFO. The main reason for believing the object is possibly a UFO lies in the fact that it is perfectly round, according to the crew who found it.

Team leader of the treasure hunters, Peter Lindberg said, “You see a lot of weird stuff in this profession, but during my 17–18 years I have never seen anything like this.”

Paddy Power’s Ken Robertson said: “We’re very hopeful for a successful collaboration with the Swedish Ocean Explorer which will finally solve this mystery.” Afterwards he proclaimed, “The truth is out there!”

We hope the Swedes pull some little green men out from that ship, as the idea of some living in our back garden seems strangely pleasing.