The International Olympics Committee will hold a vote in Buenos Aires on Friday to decide the host of the 2020 Olympics. According to oddschecker.com, a site that gathers odds from Internet betting sites, Tokyo bests its competitors at 11-10 (meaning a successful bet of $10 will return $11 plus the original stake). Madrid follows at 11-4 and Istanbul 5-1.
Throughout the past week, the three cities’ delegations have had to face questions on their preparedness and ability to host the summer games. Istanbul has been queried about recent anti-government riots and possible fallout of the war in Syria; Madrid on its struggle with rampant unemployment; and concern has been raised over possible radiation in Tokyo from the damaged Fukushima nuclear plant.
The winning city can expect a $500 million boost to the local economy.