COVID-19 pressured the 2020 Olympics to be pushed again into 2021, and, now, it may push the occasion again even additional — or kill it.
Early at present, the top of the Tokyo Olympics organizing committee, Toshiro Muto, introduced he was not ruling out a “last-minute cancellation” of the Olympic Video games, that are supposed to start on Friday.
This announcement despatched bettors flooding to their native sports activities books to position cash on the Olympics being cancelled. Per OddsChecker, in lower than 12 hours for the reason that announcement was made, odds for the Olympics being cancelled have fallen from +9000 (roughly a 1.1 p.c likelihood) to +1000 (9.1 p.c likelihood) with greater than $128,000 being positioned on the Olympics not going down. The drop in payoff signifies the upper chance of the guess hitting, which can also be why extra individuals are betting it.
Regardless of the announcement, oddsmakers nonetheless consider that the Olympics will occur. At present, the Olympics are listed at -2000 odds to proceed as is. Nevertheless, that optimism will not be warranted. Only one month in the past, between June 14 and June 21, Japan recorded solely 279 new COVID cases nationwide, bringing their nationwide case complete as much as 10,457. Nevertheless, between June 21 and July 12, Japan’s complete case quantity almost doubled to 19,742. COVID an infection charges throughout Japan have skyrocketed in July and are solely persevering with to rise as we strategy the beginning date of the opening ceremonies. From July 5 to 12, Japan noticed a 48.3 p.c improve in new COVID instances from the earlier week — the nation’s largest such improve since January.
As of proper now, solely 22.5 percent of all Japanese citizens are fully vaccinated. This mix of rising instances and unvaccinated folks has already led the Olympic committee to ban fans from attending the Olympic venues. Now, with lower than three days till the opening ceremonies are alleged to happen, the way forward for the 2021 Olympics is hanging by a thread. Everyone knows how rapidly COVID-19 can unfold, and as a number of athletes have already contracted the virus forward of the Video games, the chance of the 2021 Olympics going off and not using a hitch appears to be getting slimmer by the second. Until the organizing committee finds a strategy to restrict instances earlier than Friday, I wouldn’t thoughts placing just a few hundred on the video games being cancelled as nicely.