The Olympics are now well underway and the highlight for most spread punters will be Saturday’s men’s 100m final. The event has been widely forecast as a potential classic, seeing as the three main pretenders have run under 9.80secs in their careers. The bookies have opened a spread on the winning time and this currently stands at 9.79-9.81. The world record is currently 9.72, set by Jamaican Usain Bolt in May. Unsurprisingly, this would be the fastest 100m final ever run, eclipsing Donovan Bailey’s then world record time 0f 9.84 in Atlanta 1996. Buyers will be pleased to hear that the other three winning times in the last four Olympics have been 9.85, 9.87 and 9.96. However, sellers will take heart that Ben Johnson – albeit with the aid of drugs – recorded a time 0f 9.79 not too far away at the Seoul Olympics in 1988.
Sporting Index are also betting on the winning distance in the 100m Final and the spread is currently positioned at just 0.03-0.04 seconds. Sellers will hope for a repeat of Athens 2004, when just 0.02 seconds separated the medalists. However, buyers will be looking for a repeat of Maurice Greene’s win in Sydney, when he came home 0.12 seconds in front of Trinidad’s Ato Boldon.
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Olympics Spread Betting - 7 Aug 08
The Olympics officially gets underway on Friday and although it isn’t the biggest betting tournament out there, there will still be plenty of spread betting punters looking to profit from Great Britain’s gold medal winning prospects. Sporting Index are now offering a spread of 11.9-12.4 for British gold medals having been around 11.1-11.6 only a few weeks ago. Buyers will be concerned that the team have only won 20 golds at the last two Olympics, but many hopes will rest on the shoulders of Mark Cavendish and the other cyclists.
China are the clear favourites to take home the most gold medals in Beijing, with a spread of 42-44. Sellers will be delighted to hear that they won 32 in 2004, 28 in 2000 and only 16 in 1996. However, buyers will take heart from their upward curve, in addition to home advantage. The USA have won 36 gold medals in the past two Olympics (spread 37-39 currently), but their best recent tournament was in 1996 when they won 44 golds on home soil in Atlanta.
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'Olympics Spread Betting', Guide by D. Jones, last update: 15-Aug-08
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