News Summary: Gambling on the London Olympics

THE OTHER GAMES: London betting houses will offer odds on almost anything at the Olympics, including all 26 sports and which country will win the most medals.

WILD WAGERS: One British bookmaker will offer 11,000 different wagers, from the chance of rain during Friday's opening ceremony to 1,000-to-1 odds that a flying saucer will appear over Olympic Stadium.

RECORD BETS: The industry expects to handle a record 100 million pounds ($155 million) in wagers. The most heavily wagered event during the London games is expected to be the 100-meter dash, where Jamaican Usain Bolt, the reigning Olympic champion, is the favorite.