Bookmakers offered odds on the host city choice, with Rio listed as second favorite at +200. Chicago had been the wagering favorite at most books, particularly after President Obama got involved personally in the US bid effort. Chicago was bet as high as a -300 favorite, while Madrid and Tokyo were priced in the +250 range. Some suggest that Tokyo didnt deserve to have such short odds, but was the beneficiary of regional pride from the notoriously enthusiastic betting population of Japan. Despite some media attention to the betting odds, bookmakers reported that they didn’t receive a lot of action on the event.
Luiz Inacio Lula da Silva, President of Brazil, got the better of his US counterpart with a passionate speech that stood in marked contrast to Obamas typically baleful collection of talking points. The Brazilian leader stressed the unfairness that South America had never hosted the games in his speech to the committee;
“It is a time to address this imbalance. It is time to light the Olympic cauldron in a tropical country.”
The Olympic committee was apparently swayed by this presentation and paid no mind to Rios many downsides. It is without a doubt the most dangerous of the finalist cities, where drug cartels and armed bands of thugs roam without impunity. Well do to Rio citizens are used to removing watches and jewelry before they drive anywhere lest they be targeted by carjacking brigands. Rios murder rate is also one of the highest in the world. Brazilian bid officials have stressed that security will be a priority at the games and it better be lest the Olympics turn into a bloodbath.
Some IOC members suggested that the summary dismissal of Chicagos bid was more of a rebuke of the notoriously corrupt USOC. The last two Olympics held in the US were tainted by crime and corruption. The’96 Atlanta Olympics were disrupted by a terrorist bombing, while the 2002 Salt Lake City Winter Games were marred by a well known bribery and corruption scandal.