The London Organising Committee of the Olympic Games (Locog) confirmed earlier this week that it has begun processing ticket applications, which cost £725 - or about £75 a second if Usain Bolt of Jamaica is running.

Those requesting tickets have had to pay the £725 ticket price to their accounts, and will be informed by June 24th if they have been successful.

The bidding of tickets for the London Olympics 2012 games, started on March 15, 2011 with some 6.6 million tickets up for grabs, for the schedules of some 645 events. The cheapest tickets at the 2012 Olympic games will cost £20.12 and the most expensive £2,012.

A total of just 80,000 tickets were available for the prime event on August 5th, 2012, with 40,000 of the seats going to VIPs, corporate partners and sponsors, and the other 40,000 available for the public.

Ticket purchasers of the 100m final event will expect to witness a competition between Usain Bolt who is expected to defend his 2008 Olympic title against fellow Jamaican Asafa Powell, and American Tyson Gay.

World's Fastest Man

There is no doubt that many are clambering after tickets in order to see the world's fastest men, especially Jamaican Usain Bolt. The Jamaican sprinter and a three-time World and Olympic gold medalist is the world record and Olympic record holder in the 100 metres, the 200 metres and (along with his teammates) the 4 x 100 metres relay. This tremendous athlete has broken record after record, and many would like to be in any stadium where another record might be up for grabs.