The odds haven't changed much in the 13 months we've been handicapping the race to host the 2016 Summer Olympics. (Check out our previous editions here and here.) With the IOC's vote on Friday, Fourth-Place Medal will take an in-depth look this week at each of the four bid cities before presenting our final prediction at the end of the week, hours before the announcement. Yesterday we tackled Chicago. Today, Madrid.

Pros: All venues, except one, would be within six miles of city center ... has most public support of any bid ... bid in 2012 and finished third in the voting ... the last president of the IOC, Juan Antonio Samaranch, hailed from Spain ... Barcelona Games in 1992 were considered a massive success.

Cons: Proximity to London ... only 24 years since Spain hosted a Summer Games ... concerns of crime/violence in certain parts of the city .... lame logo that looks like a pre-school Thanksgiving project.

Biggest plus: The IOC loves itself some Europe and the Barcelona Games were generally thought to be one of the best Olympics in modern history.

Biggest minus: Of all pluses and minuses we'll list for each of the four bid cities, Madrid's minus is by far the biggest. The fact that the 2012 Games are in London, a city on the same continent and just 785 miles away, makes the IOC going to Madrid almost unthinkable.

Famous schmoozers: King Juan Carlos, Queen Sofia, Prime Minister Jose Luis Rodriguez Zapatero, Usain Bolt, Cristiano Ronaldo

Twitter-length summary: The proximity to London makes the Madrid bid a huge longshot. If Spain gets the Olympics, it'd be like the Miracle on Ice times 50.

Odds: 5-1 (that's a lot longer than it sounds)