London wins Olympics Bookies lose over a Millions

Ladbrokes estimate that the industry has lost in the region of £1 million after London won the 2012 Olympics. Lord Coe's bid had been backed off the boards since Sunday as punters sensed an upset. The odds were slashed to 7/4 from 7/2 (2/1 to 7/4 this morning) as the money kept coming. Ladbrokes make Sir Steven Redgrave evens favourite to light the flame that opens the 2012 games and offer 20/1 that Andrew Murray wins the mens singles gold.Ladbrokes spokesman Warren Lush said: " The industry has paid out over £1 million. We've been torched by the huge patrotic gamble on London to win the Olympics, the money just kept coming. We hold our hands up and say we got it wrong, for the last two years we just couldn't see London overtaking Paris.""In the long term, however, a London games is great for the industry - there's no doubt our business will benefit from the games.""Paris were always favourites but money has screamed that London would win since Sunday.""Sir Steven Redgrave is evens favourite to light the flame to open the games."Evens Sir Steven Redgrave8/1 Lord Seb Coe10/1 Kelly Holmes12/1 Reigning Monarch25/1 The Princess Royal33/1 The Prime Minister33/1 David Beckham33/1 Andrew Murray33/1 Jonathan Edwards40/1 Denise Lewis50/1 Daley Thompson50/1 Sir Matthew Pinsent66/1 Audley Harrison100/1 London Mayor100/1 Tim Henman100/1 Sally Gunnell500/1 Sir Bob Geldof2000/1 Barbara Windsor20/1 Zara Phillips to win a gold20/1 Andrew Murray to win Mens Singles Gold at the 2012 Olympics Go to Ladbrokes now!