According to Paddypower, the betting firm made famous by Danish striker Nicklas Bendtner's famous underwear-flashing celebration at the Euro 2012, here are the odds for the well-known Indian Olympians.
Don't place your heart on these, because it is just an indication of what could happen, but at the same time, could be a bitter pill.
The bets are in the decimal form i.e. they indicate the amount of money one can win on each Sterling Pound (£). So for example, someone's odds are 5.00 and you win the bet (your player wins gold), you win five pounds for every pound bet. Odds of 5.00 can also be termed as 4/1.
Logically, the larger the number, the lesser the chance your bet has a chance of winning.
The following odds are all outright for the gold medal.
Men's singles— Tarundeep Rai: 21.00
Men's Indian team— 21.00
The best bet in this event are the South Koreans. They have odds of just 2.20 in the men's team event.
Women's singles— Deepika Kumari: 6.00
Women's team— 12.00
Deepika Kumari is second best bet to win the archery event, with the leader BB Ki just one pound ahead at 5.00.
Women's singles— Saina Nehwal: 11.00
Women's doubles— Jwala Gutta/Ashwini Panappa: 101.00
Mixed doubles— Valiyaveetil Diju/Jwala Gutta: 101.00
With Saina at 11.00, she has a pretty good chance of winning something. The only stumbling block is the presence of three Chinese athletes ahead of her, with Yihan Wang at 2.50. Odds of 101.00 basically mean 'you have no chance'.
49 kg men's— Devendro Laishram: 36.00
56 kg men's— Shiva Thapa: 26.00
60 kg men's— Jay Bhagwab: 51.00
64 kg men's— Manoj Kumar: 17.00
69 kg men's— Vikas Krishnan: 8.50
75 kg men's— Vijender Singh: 31.00
81 kg men's— Sumit Sangwan: 41.00
51 kg women's— Mary Kom: 10.00
All the best boxers in the men's category are in the range of 2.50, which means we have quite a slim chance of winning something, but with Nicola Adams at 2.62 in the women's category, Mary Kom might have a shy at a medal.
Once powerhouses, India have been given odds of 34.00 to win the gold and 23.00 to just win the group. Pakistan are at 51.00, the Australians at 2.29 (the best) and Great Britain at 8.50.
10m Air Rifle— Abhinav Bindra: 21.00
50m Air Rifle— Jaydeep Karmakar: 41.00
25m Rapid Fire Pistol— Vijay Kumar: 31.00
50m Rifle Three— Sanjeev Rajput and Gagan Narang are both at 61.00
Men's Trap— Manavjeet Singh Sandhu: 81.00
Double Trap— Ronjan Sodhi: 36.00
Women's Trap— Shagun Chowdhury: 31.00
25m pistol— Rahi Sarnobat: 23.00
We were a bit surprised at high odds for our players, but shooting depends on what sort of day you have. If you have a good day, you can shoot anything that comes your way. So those who are hoping of a medal should not be very disheartened with these odds.
As Novak Djokovic sits on odds of 2.62, Somdev Devvarman's win will net you a fortune. His odds are 501.00 in the men's singles event.
Mahesh Bhupathi/Rohan Bopanna: 10.00
Sania Mirza/Leander Paes: 6.00 (these are from Unibet)
With these odds, Sania and Paes do actually have a chance of winning something.
60 kg men's— Yogeshwar Dutt: 51.00
66 kg men's— Sushil Kumar: 21.00
74 kg men's— Narsingh Yadav: 31.00
55 kg women's— Geeta Phogat: 31.00
India's flag-bearer Sushil Kumar is up against Mehdi Taghavi Kermani of Iran, who has the best odds of 2.40 in the 66 kg category.
more in Olympics