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It appears as though the United States has firmly established itself as the favourite to win the most gold medals at the 2012 Summer Olympics. After a tough tussle with the only other country that was considered to be competitive in challenging American supremacy, China has now been lengthened considerably by the bookmakers with a price of around 10/3 being floated.

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Halfway through Thursday, America was shortened to 1/4 after trading at even money just a week ago. In fact, for a good portion of the race, China had been considered the odds-on favourites. With a flood of American gold medals expected from the group events, the USA has now been shortened to a slim 1/5 price.

It has been down to a two-horse race in the bookmakers eyes for the past five or six days as Russia and Great Britain were both considered to be in the mix at one point, though listed at very lengthy 50/1 prices.

Britain was more than bossed around the rest of Europe when it comes to gold medal accumulation, particularly since Russia has had another underwhelming performance at these games. The bookmakers have removed the European Gold Medal race market about a week ago and now the trading is being done on the total medals Britain will take home. As it currently stands, the shortest price can be had on a 64-67 medal haul as it's priced quite short at 11/10. A 13/8 price is out there on a 60-63 total. 68-71 would pay out at 9/2.

Everybody is eagerly anticipating some of the more climatic Olympic events to finally shape up over this final Olympic weekend. The USA Women's Volleyball team are heavy favourites to win the gold medal while the men's competition looks to be wide open with Brazil and Russia similarly-priced favourites.

Zou Shiming of China is favoured to win Men's light-flyweight boxing while two British contenders are definitely in the frame for the Men's Middleweight and the Men's Welterweight. Freddie Evans can be backed at 4/1 while Anthony Ogogo trades at a 3/1 price.  

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