Tuesday 8th January 2013 by Ashley Clements | Photos by WENN.com

Tags: David Bowie

David Bowie is set for a No.1 single after topping the iTunes chart with his first new release in ten years, with 'Where Are You Now?' set to give the legend his first No.1 single since 'Let's Dance' in 1983.

The pop icon made the single available this morning (January 8 2013) before announcing that he plans to release his first studio album since 2003, The Next Day in March.

The lead single was already at the pinnacle of the iTunes chart by 3pm, overtaking artists such as Rihanna and Taylor swift.

66 today, Bowie has been out of the limelight for years whilst concentrating on family life in New York, but the news has led to rumours galore about a world tour and even on stage appearances with Mick Jagger.

Bookmakers have already released a series of special Bowie bets and slashed odds on The Next Day making the UK's No.1 spot.

Watch David Bowie's comeback offering below

The bookies were quick to give punters the latest odds on Bowie storming back to the top of the charts. With Bowie's single receiving worldwide critical acclaim within hours of its release, you could be forgiven for thinking a bet on the singer's success would be easy money.

Paddy Power have a David Bowie world tour in 2013 priced at 2/1, the shortest odds included in their Bowie Album Specials, meaning they are confident it is likely to happen.

Full odds given are below - with it looking likely there will be a payout on the UK No.1 odds already.

6/1 The Next Day to debut at UK No 1
33/1 The Next Day to debut at US No 1
9/1 The Next Day to have any UK No 1 singles
40/1 The Next Day to have any US No 1 singles
2/1 David Bowie to commence a world tour in 2013
7/1 David Bowie to perform 'Dancing In The Street' on stage with Mick Jagger in 2013

Below: all the facts about David Bowie's next album, The Next Day