Tokyo is the bookies' favourite to win the race to host the 2020 Olympics. Official applications were made to the International Olympic Committee yesterday, and Coral gave the Japanese capital odds of 8-11.
Istanbul is second favourite at 2-1, with Madrid coming in as the outsider at 4-1. Coral's David Stevens said:
"Tokyo appears to have several advantages over its two rival cities - many of the potential venues are built, and after London and Rio, many will feel Asia deserves its turn to host the Olympics."