Sebastian Coe, right, chairman of the London 2012 Organizing Committee, and Jan du Plessis, left, Rio Tinto mining company chairman, pose for the photographers holding a gold medal of the Games, during a photo op at the Tower of London, in London, Monday, July 2, 2012 The company is responsible for the production of the precious metals for the London 2012 Games medals, and has handed over the final Olympic and Paralympic medals to LOCOG for secure storage in the vaults at the Tower of London during the Games. The gold, silver and bronze medals which will be awarded to the athletes at Games-times, will remain there until they are needed for the Victory Ceremonies. In total, 4,700 medals have been produced and will be awarded in 805 Victory Ceremonies that will take place in over 30 London 2012 venues across the UK.
The Tuck School of Business at Dartmouth released a study Monday that calculates competing on home turf will be worth an additional 15 medals for the British team, over the 47 it won at the 2008 Beijing Olympics.
The study's predictions of a possible 62 British medals are in line with bets being offered in London.
Even better for the British athletes, Tuck underestimated the U.K. medal total in 2000, 2004 and 2008.
Tuck predicts the U.S. will top the table with 103 medals, followed by China with 94 and Russia with 67 — all fewer than those nations produced in Beijing.