The idea of making money out of the misfortune, actual or potential, of others, is reprehensible and despiccable.
I an not a gambling man, never have been, I've seen the misery it causes, but if I were I would boycott Paddy Power. I hope those responsible for running this 'book' end up on skid row.
And my best wishes to Monarch's employees, past and present, a great airline with which I've had the pleasure of many flights. Long may you continue to be one of the finest airlines in the skies!