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Betting on Beijing Olympics: Star Athletes
By bettingfool | August 18, 2008
Did you bet on Michael Phelps to win 8 gold medals at the 2008 Summer Olympics?
Bettors deal with well-known players of questionable quality all the time in sports like football and baseball. Separating the wheat from the chaff is a big part of the handicapping process. But it’s a lot more difficult for an athlete to become a public figure in a sport that only gets a mass audience once every four years. For that to happen, that person almost always has to be really, really good.
Take the case of American swimmer Michael Phelps. He was an overwhelming favorite in each of his eight races (including team events), and he won the gold medal in all eight. It’s a feat that’s never been matched in Olympic history – but Phelps does join a long line of star Olympic athletes like Mark Spitz and Eric Heiden who dominated the competition and threw the whole concept of “value” betting out the window. In the end, you still have to bet on the winner to get paid.
Topics: 2008 Summer Olympics |
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