(Reuters) -Israeli Prime Minister Benjamin Netanyahu has nominated U.S. President Donald Trump for the Nobel Peace Prize, the highest profile international award given to an individual or organization deemed to have done the most to "advance fellowship between nations.

Trump's current odds for winning the Nobel Peace Prize range between 17/2 (10.5 percent) and 6/1 (14.3 percent) across several major sportsbooks, according to the betting website Oddschecker, placing him as the second favorite for bookmakers.

In a gesture of support, Netanyahu, during his latest visit to the White House on Monday, presented Trump with a copy of a letter he said he sent to the Nobel Prize committee. “It’s nominating you for the Peace Prize, which is well-deserved. And you should get it,” Netanyahu said.