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News Summary: Gambling on the London Olympics

Tuesday - 7/24/2012, 4:35pm  ET

By The Associated Press

(AP) - THE OTHER GAMES: London betting houses will offer odds on almost anything at the Olympics, including all 26 sports and which country will win the most medals.

WILD WAGERS: One British bookmaker will offer 11,000 different wagers, from the chance of rain during Friday's opening ceremony to 1,000-to-1 odds that a flying saucer will appear over Olympic Stadium.

RECORD BETS: The industry expects to handle a record 100 million pounds ($155 million) in wagers. The most heavily wagered event during the London games is expected to be the 100-meter dash, where Jamaican Usain Bolt, the reigning Olympic champion, is the favorite.


(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)