Many betting firms who were taking bets as to who would light the Olympic Torch at the 2012 London Olympic games have refunded those same bets, as several young athletes lit the touch.
The lighting ceremony is traditionally carried off by a single person, but this year's multi-pronged lighting group threw betting firms for a loop. William Hill spokesman Rupert Adams said that his company paid back all Olympic torch bets, which amounted to a five figure sum. Punters were given the choice of roughly 50 various athletes and celebrities who may have lit the torch.
While taking bets for the event, five time gold medal winner Sir Steve Redgrave was the betting favorite to light the torch. However that did not happen, as Redgrave carried the torch into the stadium but then handed it off to seven young people.
Fellow betting firm Sky Bet also voided bets, saying that it was "impossible to back the correct flame lighter".