While gymnast Alicia Sacramone has throbbed the hearts of Americans and Michael Phelps keeps winning Gold, sharp Olympic gamblers continue to crush the sportsbooks.

There is still plenty of money to be made and we don’t mean in selling Sacramone pictures. Rowing has several events still to be decided with Great Britain the favorite in most events.

Bookmakers have the following as the heaviest favorites to win their respective Gold Medals (Olympic Betting Odds): Usain Bolt of Jamaica is 1/12 to win the 200 meter in track and field. The men’s 10,000 meters will go to Kenenisa Bekele of Ethiopia and the 400 meter to Jeremy Wariner of the USA.

The men’s triple jump is more wide open with Philips Idowu of Great Britain a more modest 6/5 favorite. The communist countries will likely get Gold and Silver in the 110 meter hurdles with Dayron Robles of Cuba and Liu Xiang as near co-favorites.

The men’s long jump frontrunner is Irving Saladino of Panama. Many events are considered wide open, but virtual locks also include Blanka Vlasic of Croatia in the women’s high jump and Jamaica in both the women’s and men’s 4×100 relay.

However, Team USA is a Michael Phelps like favorite to win the men’s 4×400 at 1/25.

Either way, the 1/69 favorite of the OffshoreInsiders.com staff is Alicia Sacramone