Redgrave to light flame?

Redgrave: Favourite for Olympic honour

The 2012 opening ceremony is now just a year away and Sky Bet make Sir Steve Redgrave favourite to light the Olympic Flame.

The online bookie rates the five-time gold medal winner an 8/15 price to officially open the London Games.

Also in the frame are Daley Thompson (6/1), Dame Kelly Homes (7/1), Sir Chris Hoy (8/1), David Beckham (8/1) and Tom Daley (20/1).

Leading the Sky Bet field to strike Olympic gold is Jessica Ennis who is a hot 11/10 favourite for the Heptathlon.

Christine Ohuruogu, one of our gold medal heroes from the Beijing games in 2008, is 14/1 to repeat her success in the women's 400 metres.

Other Brits strongly fancied to repeat their Beijing glory are cyclist Victoria Pendleton who is a 6/4 chance to win the women's individual sprint and Sir Chris Hoy who is 9/4 to be part of a winning men's sprint team and the same price to retain his men's individual sprint title.

Mark Cavendish, winner of the green jersey in the Tour de France, is 5/2 to win the men's road race.

The Great Britain football are an 8/1 chance to win gold and we offer 5/6 for the side to be managed by current England under-21 boss Stuart Pearce. Gareth Southgate and David Beckham are both 5/1 shots.

Andy Murray is 6/1 to win the men's singles title behind 2/1 joint favourites Rafael Nadal and Novak Djokovic and 4/1 shot Roger Federer.

Back in the Olympic Stadium we offer 11/4 for Phillips Idowu to win the triple jump and 10/1 for Jenny Meadows to win 800 metres gold.

Sky Bet are also offering several medal specials and have Great Britain at 5/4 to finish 3rd or higher in the medal table and 7/1 to finish 7th or lower.

Team GB are being tipped to win around 24 or 25 gold medals, which would shatter their record in the modern era of the summer games. Sky Bet offer 5/6 that GB wins either side of 24.5 golds.

For more Olympic 2012 betting click here

• Medal Specials. Click here to bet.