jairamesh Posted July 30, 2012 Share Posted July 30, 2012 Came across this interesting piece. http://www.salford.ac.uk/home-page/news/2012/team-gb-to-scoop-56-olympic-medals,-predicts-leading-sports-statistics-group The Madrid Sportometrics Study Group produced the most accurate prediction of the Beijing 2008 final medals count. GDP per head of population and population size remain the most obvious guide to Olympic medal performance, he explained, but there are other variables which can significantly affect a country's medal-winning potential. These include previous Olympic team medal achievement, the over-performance of communist and former communist countries compared to what would be expected given their resources, and the host effect? with the home national team expected to win more medals than usual. Investment for medal success for Beijing Olympics 2008: China: $5 billion (over the past decade prior to 2008) UK: $180 million (annual) USA: $232 million (annual) Australia: $85 million (annual) (also read the figure might be over $1 billion every Olympic cycle, $250m/annum ) Russia: $2.2 billion (annual) Brazil: looking to ramp up to UK levels in preparations for 2016 India: $10 million (annual) - read this somewhere last year, will try dig it up again. This is good from India's point of view in relation to other social issues, I don't see the need for state spending massive amounts in sports. Link to comment Share on other sites More sharing options...
veer Posted July 30, 2012 Share Posted July 30, 2012 Its not just about medal... there is a lot of other things that you achieve when you invest in sports and its success.. Link to comment Share on other sites More sharing options...
Desi Cartman Posted July 30, 2012 Share Posted July 30, 2012 I predict India to win 3 medals (margin of +-2) :giggle: I also predict that Kalmadi will make 15 cr rupees in the year 2012 Link to comment Share on other sites More sharing options...
Sidhoni Posted July 31, 2012 Share Posted July 31, 2012 India cannot afford to spend much on these athletes trying for the Olympic medals. We are still a developing nation unlike others in the list who spend at-least 2 billion annually on the athletes. Link to comment Share on other sites More sharing options...
Crookbond Posted July 31, 2012 Share Posted July 31, 2012 India cannot afford to spend much on these athletes trying for the Olympic medals. We are still a developing nation unlike others in the list who spend at-least 2 billion annually on the athletes. I object :orderorder: You are adjusting to the corruption situation. How about we reduce corruption to 5% and then check if we can invest? Link to comment Share on other sites More sharing options...
CSK Fan Posted July 31, 2012 Share Posted July 31, 2012 India cannot afford to spend much on these athletes trying for the Olympic medals. We are still a developing nation unlike others in the list who spend at-least 2 billion annually on the athletes. There are ways of improving that, success will bring in private companies and sponserships. Is it fair that cricket has so much money and other sports not? Goverent and BCCI spends much more on cricketers than on Olympics Link to comment Share on other sites More sharing options...
kabira Posted July 31, 2012 Share Posted July 31, 2012 We have to make sports as a profitable industry and involve corporations at bigger level. Give them tax breaks etc.. Link to comment Share on other sites More sharing options...
Stuge Posted July 31, 2012 Share Posted July 31, 2012 thats why winning medals in olympics is somewhat directly proportional to how developed your country is . Link to comment Share on other sites More sharing options...
Crookbond Posted August 1, 2012 Share Posted August 1, 2012 thats why winning medals in olympics is somewhat directly proportional to how developed your country is . +1 Link to comment Share on other sites More sharing options...
kabira Posted August 1, 2012 Share Posted August 1, 2012 thats why winning medals in olympics is somewhat directly proportional to how developed your country is . true. but then why are rich Arab countries do not do well? countries like UAE, Saudi?? Also how does Israel do ? Link to comment Share on other sites More sharing options...
Trichromatic Posted August 1, 2012 Share Posted August 1, 2012 Where does India stand in comparison to other countries who spend same or lesser amount for games? Link to comment Share on other sites More sharing options...
ineey Posted February 26, 2014 Share Posted February 26, 2014 agree with you. However, holing an Olympic Games is an honor for a country. I think Link to comment Share on other sites More sharing options...
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