altA BOOKMAKER in Britain has started offering odds that London will not be able to stage the 2012 Olympics because of the credit crunch.

 

Paddy Power are offering odds of 40/1 that London will back out of hosting the Olympics due to the economic difficulties.

 

Bookmakers are also offering odds on which city will follow London and host the 2016 Olympics, a decision on which is due to a year tomorrow on October 2, 2009, at the International Olympic Committee's Session in Copenhagen.

 

Chicago are 10/1 to host to win with Bet365and Paddy Power.

 

Tokyo is 11/4 with Bet365, Rio de Janeiro is 4/1 with Paddy Power and Madrid is 15/2 with Bet365.