What are the best betting options for Wednesday's Olympic competitions? Have the top sportsbooks given us some value to exploit? Check out where we have found the best value for sports bettors in today's contest.

Let's hope it's as good for punters as yesterday's action was.

USA Mens's Basketball

The highlight of the day has to be the basketball quarter-finals and the betting public should confirm that. Those matchups are sure to be the most heavily bet events of the day.

The great thing about the Olympics is there's value to be had all over the place. Let's see if we can locate it today.

Men's Basketball 

At last we've reached the knockout stages of the competition and it's fair to say the best eight teams are left standing.

Up first will be Russia taking on a surprisingly solid Lithuania team. Andrei Kirilenko and the Russians are favored by seven points when looking at the odds at this moment.

Next it'll be a great bout between Spain and France, a game that will feature a boatload of NBA talent. Tony Parker, Boris Diaw and the rest of the French gang are the underdogs for this one, getting six points against the Gasol brothers and Spain.

France will take some comfort in knowing the Spaniards have looked shaky at times so far in the competition. If Parker can get his troops off to a good start, who knows what could happen?

After that matchup we'll see Argentina face off against Brazil in what should be another close battle. As of now the Argentinians are favored by 3.5 points at the sportsbooks, but clearly this is anyone's ballgame. Brazil has talented players like Anderson Varejao, Leandro Barbosa, Nene and Tiago Splitter, so it won't be a walk in the park for Manu Ginobili and company.

That all leads up to the USA game against Australia and the basketball odds are the most lopsided here. The Americans are favored by a whopping 33 points and unquestionably have enough firepower to cover such a spread.

Track & Field

Yeah, yeah, yeah....so there are a bunch of events going on like the long jump and 400 meter finals for the women and the 110 meter hurdles finals for the men.

But let's get real. Most of the focus today will be on the 200 meter event for both the men and women. It'll be the semi-finals for the men and Usain Bolt and Yohan Blake are the clear favorites to qualify and eventually challenge for the gold come the finals. Since taking gold in the 100metres final on Sunday, bookies including the SBR Sportsbook will have taken note and Bolt is the clear favourite with Blake second.

In the final for the women there are three Americans in the field. That includes Sanya Richards-Ross, Allyson Felix and Carmelita Jeter. Their main competition will be Jamaican speedster and 100 meter goal medalist Shelly-Ann Fraser-Pryce.

Beach Volleyball

How about an all American final in the women's competition?

That's what we're faced with ladies and gentlemen. Misty May-Teanor and Kerri Walsh Jenning battled past China in the semis, while April Ross and Jennifer Kessy braved the elements to come back and beat Brazil, the number one seed.

This is going to be quite the spectacle and the betting lines, once released, should reflect what a close encounter it should be.

Volleyball

The men's quarter-finals are on the schedule today and the USA is still in the running.

They'll be playing Italy and are currently the -280 favorites when looking at most sportsbooks. As for the other matchups, Brazil, Russia and Bulgaria are favored for their matches against Argentina, Poland and Germany respectively.

A win for the Americans would put them in the semis against Brazil most likely and that will be an incredibly tough opponent. The USA did manage to beat the Brazilians in group play but all of that goes out of the window now in the bracket stages. First though, the Americans have to take care of business versus Italy.