Betting shops and online sports betting sites are gearing up this summer for what could be their biggest windfall yet. It is time for the Summer Olympics again and this year these take place in London, UK which has a sophisticated online and live gambling infrastructure. It is a well-known fact that the Brits love a sports bet, and the ‘proposition’ wager is extremely popular too. Tons of British betting brands can’t wait to get their hands on your money, but then again if you win on long odds, chances are you too will make some good money.

For example if you want odds on whether a UFO will be sighted during the London Olympics, William Hill will offer those odds (these are 1,000-to-1; in other words place a £1 bet and win £1000 if a UFO is spotted). Just so that you know – the UFO has to be spotted flying (or floating) over the Olympic stadium during the opening ceremony, in order to win this bet.

No matter – excuse the pun – how odd the wager might be, these are on offer. So, as well as odds across twenty-six different sports, punters will be placing bets on whether the Olympic torch bearer will trip and fall as they reach out to light the Olympic Flame. Proposition bets on possibilities outside of sporting events are just as much fun – if not more so – than betting on our favourite sports themselves.

From diving to synchronised swimming; football to fencing; sprints to marathon runs, industry gambling experts are offering the odds. A spokesperson for William Hill – Joe Crilly – said they cater for most punters tastes. What’s even better this time however, is that gamblers don’t have to leave the comfort of their own home or local pub to place a bet today. The rise and rise of sports betting online from mobile phones, allows them to bet on the run, or from their most relaxed position in front of the telly, from their favourite arm-chair.

William Hill is encouraging punters to dream up any bet they possibly can, and Ladbrokes, another bookmaker has advertised 11,000 different wagers for the Olympics. Bets include if the games will go over budget, how many ‘Golds’ will be earned by the British team, will the Olympic park be able to supply enough condoms, and what the chances are of spotting a British athlete eating a Big Mac.

Really long-shot odds of 250-to-1 are on offer that all of the 4 x 400-meter relay teams drop the baton in the final. Oh and, they are also placing proposition bets on Boris Johnson. As you may or may not know, he is the flamboyant Mayor of London who is always up to exotic antics. The wager is paying 33-to-1 that he accidentally brushes past the Olympic torch and lights his hair on-fire. Of course with the notoriously wet London weather this might never happen, but Ladbrokes is also paying 50-to-1 that it will rain every day. Well, let’s hope not, but bet on it and you could be in for winning some bucks.

Bet365 has been officially recognised as the best online gambling company, having received a string of accolades in the recent eGaming Review Awards 2010.

The company received the coveted Operator of the Year title in this prestigious awards ceremony, confirming its position as the number one operator in a very competitive market. bet365 was also named Casino Operator of the Year, as well as picking up the award for Best Website Performance.

There was further recognition of the company’s success as bet365 took top spot in eGaming Review’s annual Power 50 league, which ranks the most influential operators. Make sure you sign up now and find out for yourself why bet365 offers such an award-winning online gambling experience!

Don’t forget, you can now keep up-to-date with the important Betting News stories on bet365’s Twitter feed. Simply follow @bet365_news to get all the latest updates and be among the first to hear about the exciting betting opportunities available with bet365.

Football fans everywhere will turn to Titan Bet this summer for a chance to predict the 64 World Cup matches and win a $100,000,000 grand prize, deemed the biggest prize in sport this summer.

Titan Bet is proud to announce the opening of an unprecedented multi-million dollar international promotion to celebrate the start of the 2010 World Cup in South Africa. Aptly named the $100 Million Mania, this exclusive promotion is offering a $100,000,000 grand prize to any contestant who can accurately predict each of the winning teams throughout the World Cup. In the event that no contestant is able to guess all 64 match results, a $1,000,000 guaranteed prize will be paid out to the contestant with the highest number of correct predictions.

The Titan Bet $100 Million Mania competition is slated to attract amateur and experienced bettors from over 60 countries. On top of the multi-million dollar cash giveaways, participants will also be awarded bonus prizes such as game tickets and merchandise.

Coinciding with the promotion, Titan Bet has recently launched an online World Cup guide designed to assist participating contestants in preparing and gathering information on the competing teams, players and matches.

$100 Million Mania is open to anyone with a Titan Bet account and a passion for World Cup football action. Prediction forms are available at Titan Bet and can be edited until the start of the World Cup games on June 10, 2010. Titan Bet will announce the winner of the Million Mania promotion the day after the championship match, scheduled to take place on July 11, 2010.