Seven reasons why countries want to host the Olympic Games
Every four years we are living the ultimate celebration of sports and the entire planet is moving along the rhythm of the Olympic Games. And every four years, one country gets to gather all the attention and all the lights, becoming the epicenter of interest of people from various realms: from sports fans and tourists to sports analysts and sports bettors who are testing their skills with online betting sites such as those found at https://betting-malaysia.online/
But getting global attention and being in the spotlight is not an easy thing to handle, especially since host countries usually engage in demanding, time-consuming processes that end up exhausting their resources in a number of ways. Despite being so difficult, however, we are constantly seeing countries striving to gain the right to host the Games, often preparing extraordinary and incredible plans to bid for staging the event.
Why do countries want so much to host the Olympics? What are the main benefits that they expect to gain? Well, let’s see the seven reasons that justify nations’ desire to become the Olympic Games hosts.
1. Tourism:
every country wants to have millions of tourists coming in just to watch the Olympic Games, along with the thousands of other visitors who are accompanying athletes and teams. Incoming tourism is peaking during the Games and nations don’t want to lose the opportunity to benefit both from the greater influx of money and the long-term effects of making the place a tourism destination!
2. Post-Olympic
use of venues: venues, stadiums, pitches and fields are necessary for the staging of games in the Olympics and the host countries need to build the required infrastructure to be able to deliver. These venues are not dismantled after the Games, rather they are part of the tangible legacy left for the host country which improves its ability to host future leagues, competitions, and mega events efficiently.
3. Global attention:
hosting the Olympics puts immediately the country on the global focus. Getting in the spotlight is good for several reasons including brand sponsorships and economic gains which actually come in handy for future development.
4. Improvement of sports infrastructure:
every venue, every court, and every equipment developed for the Olympics is coming to use by the country’s sports organizations. Athletes and teams will get to have access to more advanced sports infrastructure and this will certainly improve sports performance in the long run.
5. Employment:
hosting the Olympic Games is a time-consuming process and requires a lot of projects and work to be completed so that a country is actually ready to host the event. This means that more jobs are created – at least for the period building up to the Games – and a lot more people get the opportunity to make more money, plus the employment levels are rising. From an economic perspective, this is a very important advantage that all bidding countries are hoping for.
6. Medal table:
every country wants to go higher in the Olympic medal table, so the improvement in their ranking position is a goal on its own. The host effect on the number of medals acquired is by now known to everyone and this makes hosting a really attractive option for organizers. It is not by accident that most bookmakers in the world, including iBet as well as other ones offering sports betting in Malaysia, provide favorable odds to the host nation’s good performance in the Olympic medal table.
7. Prestige:
Even if all the previous reasons are not enough to make a country want to bid for the Olympics, the prestige that comes along with hosting the Games is a really strong motivator. There are not so many nations having hosted this mega-event, so getting into the exclusive club of hosts is a major thing on its own. It’s about making history!
