Bookies to refund all cauldron bets

Bookmakers have pledged to refund all bets placed on who would light the Olympic cauldron after some of Britain's greatest Olympians teamed up with young athletes for the honour.

No-one could have predicted the surprise move and the only fair solution was to refund more than £50,000 of bets placed over the last seven years, William Hill said.

Other bookmakers, including Sky Bet, also voided all bets, saying it was "impossible to back the correct flame lighter".