Sir Steve set to light the flame!
Steve Redgrave is the red hot 2/5 favourite to light the Olympic flame with William Hill while his nearest challenger is Daley Thompson at 7/2.
Should Olympics bosses opt for a female option, Kelly Holmes is a decent bet offered at 7/1.
The latest odds suggest that whomever does light the flame should bring an umbrella as Hills are currently odds on at 8/11 that it rains during the opening ceremony.
"Since betting on the Olympic Flame market first opened in 2005, it has all been about Sir Steve, who looks all but certain to be given the honor of getting extremely wet," said Hill's spokesman Rupert Adams.
8/11 Rain To Fall during The Opening Ceremony
20/1 Olympic Flame To Be Extinguished As It Is Being Carried By final Person
Who will light The Olympic Flame?: 2/5 Steve Redgrave, 7/2 Daley Thompson, 6/1 Roger Bannister, 7/1 Kelly Holmes, 14/1 David Beckham