China probably should be favourites to win most Gold medals, but the market has over-reacted to their (limted) early success. After 3 of 16 days of the Olympics (and 34 of the 302 gold medals decided), the standings are as follows:

** G S B Total

China 9 3 2 14

US 3 4 5 12

http://results.beijing2008.cn/WRM/ENG/INF/GL/95A/GL0000000.shtml

However, I believe the latter half of the Olympics substantially favours the US (the Athletics only starts in Week 2).

http://results.beijing2008.cn/WRM/ENG/Schedule/index.shtml

I am therefore suprised/pleased to see that I cna back the US at 11/2 at Betdaq to win most Gold meadls - I'd make them closer to a 2/1 chance (at most).

Read the complete story at KickingBets Blog.