Despite a run of money for Sir Roger Bannister, William Hill rate Sir Steven Redgrave as their 1/2 odds-on favourite to light the flame at the Opening Ceremony.

Hills have also opened a book on the number of gold medals team GB will win and offer 10/11 that they deliver 24 or more Golds.

"The Olympic countdown starts in earnest now that the flame has been lit and with five successive gold medals to his name Sir Steve Redgrave has to be top of the shortlist for the honour of lighting the flame," said Hill’s spokesman Rupert Adams.

Who Will Light The Olympic Flame In 2012?:

1/2 Sir Steve Redgrave,

3/1 Sir Roger Bannister,

8/1 Lord Coe,

12/1 Dame Kelly Holmes,

12/1 Tom Daley,

16/1 Sir Chris Hoy,

25/1 Daley Thompson,

25/1 David Beckham,

50/1 Dame Mary Peters,

66/1 Dorothy Tyler,

66/1 Princess Anne,

100/1 Kate Or William,

250/1 Boris Johnson

Gold Medal Table:

8/13 USA,

6/5 China,

40/1 GB & NI,

40/1 Russia,

150/1 Germany,

150/1 Australia,

250/1 France.

GB & NI Total Gold Medals:

10/11 24 or more,

10/11 23 or less.