The 2012 Olympic Bid - the money goes on London
June 6th, 2005
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Would success here boost Tony Blair’s position
The betting prices on London’s 2012 Olympic bid have tightened sharply following today’s report inspection report which praised the planning that had gone into the submission.
On the international Tradesports market London’s price moved from the equivalent of about 10/1 to 6/1. Paris, meanwhile, retained its heavy front runner status but eased from about 1/9 to 1/7.
The best UK bookmaker price on London is now just 7/2 while the Betfair betting exchange comes in at about 6.2/1.
What would be the impact on domestic politics if London gets the games? Given the chauvinisitc way that the London-based media would cover the new it would, surely reinforce further the position of the Prime Minister who has closely associated himself with the bid? It would be a nice international bonus during Blair’s Presidency of the EU and the G8.
Mike Smithson
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Slight problem here with the electorate. (The IOC). They are allergic to whingeing. Whingeing is where Britian wins the Gold Medal with encrusted Diamonds! Imagine the scenario: London gets the Games and we’re off: Oh it costs too much, Oh it will be another Millenium Dome, Oh there are delays, Oh the planning permissions. Oh the Central Line will collapse …. Forget IT. Paris has this one in the BAG.
Madrid has by far the highest level of public support for its bid, but I see that it has fallen away completely in the betting.
I suspect it may be so that Paris has it in the bag, but for reasons other than public support which is pretty high in all potential hosts.
Remember the contrast when the bids were launched - Paris did a glitzy launch beside the Eiffel Tower (or something) while Seb Coe and the team hauled everyone out to a wasteland in Stratford or somewhere. The first message with these things has to be that you will put up a hell of a show, not that you will do something to make a grubby area a bit nicer.
Are there any bets other than a straight winner on this (e.g. second and third place etc)?
Second is as bad as last.
ncateph - what does that mean?
We have been running a tracking poll for one of the sponsors of the bid - and though I can’t give them or their figures away - support in Britain has actually remained consistently high.
1 I think London should do with whinging what Paris did with strikes, make them into a virtue. Whinging could be made into an olympic sport…
By the way, if London doesn’t get it this time, (as it well might), it should get it next time. It’s a top-notch bid.
One of the political implications of London winning the Olympic bid would be the impact on the next London Mayoral election. Ken Livingstone is strongly identified with the bid and perhaps sees the Olympics as a fitting finale to his time as London Mayor and winning or losing the bid may influence his decision as to whether to go for a third Mayoral term.
We need it to try and restore national pride. It would take place during the Diamond Jubilee, another reason to - or not to - give it to the whinging UK.
6 - “next time” will probably be 16 years later. The games have to go to Asia, Africa and America in between
New York may have to withdraw from the 2012 race according to Mayor Bloomberg , dur to a funding crisis over the main stadium.
http://www.bbc.co.uk/fivelive
I think Madrid’s got it on it’s pocket or at least , they just act as they had gotten it.
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