This could turn out to be one of the biggest debacles in sports history. The Olympic Summer Games in Beijing are a month away, and we’re still wondering whether we’ll get full television coverage, let alone a proper environment for the athletes to participate in.

China is throwing serious money at all these problems. If you’re betting on the Olympics this year, you’ll find that the host nation has also poured considerable resources into its athletes. China is a 4-5 favorite to win the most medals at the Games, and 2-5 to take home the most gold. Of course, being the host nation allows China to field entries into every single competition, which helps add to the medal count.

Track and field used to be the marquee attraction, but the men’s basketball tournament is now the centerpiece for sports betting. Team USA is a heavy 2-7 favorite to reclaim the gold after Argentina (15-2) took it away in 2004.