Danny Boyle the award-winning film producer who put together Friday’s massive Olympics opening pageant is odds on favourite for a knighthood.

Bookmakers William Hill slashed their price of a knighthood for Boyle from 4/1 to 7/4 at the weekend.

But it went down further to 5/4 today, the Advertiser has learned.

“The reaction to the opening ceremony has been overwhelming,” said Hill’s spokesman Rupert Adams.

“The punters think Danny is all but certain to be handed a knighthood in the New Year’s honours list.”

Danny, who lives at Mile End within two miles of the 2012 Olympics stadium, has been working on the �27 million extravaganza since his appointment as artistic director two years ago.

He is best known for films such as ‘Slumdog Millionaire’ which won him ‘best director’ award, ‘28 Days Later’ and ‘Trainspotting’, then going on to receive the ‘Extraordinary Contribution to Filmmaking’ award in the 2008 Austin Film Festival.

Meanwhile, William Hill are refunding all bets on who would have lit the Olympic cauldron, after the honour went to seven young athletes.

They had quoted 50 athletes and celebrities since London won the Games seven years ago—but the final outcome proved impossible to predict.

Hill’s are believed to be refunding “a five figure sum.”