Michael Phelps a -5000 Favorite to Win the Gold

Talk about a favorite that nobody can bet on. Michael Phelps would require a $5000 bet just to win a measly $100 assuming he were to win, and the odds makers are assuming just that.

Gill Stoval pays $500 for every $100 bet while Ioannis Drymonakos pays $750.

Phelps biggest threat heading into Monday, however, appeared to be France's Alain Bernard, listed with +115 odds for Tuesday‘s 100M Freestyle.

"The biggest threat to the eight is the French in the relay, they have posted the best times coming into Beijing and it will be a fierce battle," said Bowman, who coached Phelps to his six golds in Athens.

Michael Phelps' had an opportunity to win eight gold medals providing him a chance to surpass swimmer Mark Spitz's Olympic record of seven gold medals at one Games - which has stood since 1972.

Bet on Olympic Swimming at Bookmaker.com with odds for Monday's event appearing as well as Tuesday's event below:

TO WIN GOLD MEDAL - 200M BUTTERFLY - MEN

65285 MICHAEL PHELPS -5000 - -

65286 GILL STOVALL +500 - -

65287 IOANNIS DRYMONAKOS +750 - -

65288 PAWEL KORZENIOWSKI +1000 - -

65289 NIKOLAY SKVORTSOV +1500 - -

65290 TAKESHI MATSUDA +2000 - -

65291 PENG WU +2500 - -

65292 MOSS BURMESTER +3000 - -

65293 RYUICHI SHIBATA +4000 - -

65294 KAIO ALMEIDA +5000 - -

65295 FIELD - ANY SWIMMER NOT LISTED ABOVE +500

TO WIN GOLD MEDAL - 100M FREESTYLE - MEN These bets can be placed prior to Tuesday at Bookmaker.com

65100 ALAIN BERNARD +115

65101 EAMON SULLIVAN +125 - -

65102 JASON LEZAK +150 - -

65103 GARRETT WEBER-GALE +250 - -

65104 NATHAN ADRIAN +500 - -

65105 FILIPPO MAGNINI +750 - -

65106 STEFAN NYSTRAND +1000 - -

65107 PIETER VAN DEN HOOGENBAND +1250 - -

65108 ROLAND SCHOEMAN +1500 - -

65109 FABIAN GILOT +1750 - -

65110 DUJE DRAGANJA +2000 - -

65111 CESAR CIELO +2500 - -

65112 FIELD - ANY SWIMMER NOT LISTED ABOVE +500