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Team USA, Spain Favorites To Win Gold Medal At 2012 London Olympics

The 2012 Summer Olympics in London, England are now officially underway with women's soccer leading the action that will encompass the city and compel the world to watch. When it comes to men's basketball, the official games start this weekend after weeks of exhibitions leading up to medal contention, and Team USA is officially the odds-on favorite to win with an incredible 1-8 betting odds, according to Bovada.

As for others, Spain is clearly in second place with 13-2 odds and after that it's not even close. Both rosters are filled with NBA talent, so this is clearly a two-horse race according to most analysts. Other longshots include France, Argentina and Lithuania, but those teams have a major hill to climb if they expect to beat either team.

Odds To Win Men's Basketball Gold Medal (from Bovada):
USA 1/8
Spain 13/2
France 28/1
Argentina 28/1
Lithuania 33/1
Russia 33/1
Brazil 40/1
Australia 100/1
Great Britain 250/1
China 400/1
Nigeria 500/1
Tunisia 1000/1

Read more Olympics coverage at the hub page here and check out SB Nation Kansas City.