Phelps Sets Olympic Record

It took Michael Phelps a mere one race to set his first new Olympic record at this year's 2008 Olympics in Beijing. With a time of 4:07.82 Phelps set a new Olympic record in the 400-meter individual medley. The race was just the preliminaries for Sunday's final.

This is the first of many records expected to fall to Phelps at these Olympics. There is no question as to if Phelps will win a gold medal at this year's Olympics. The question is how many? He is competing in eight events. I'll set the over-under for golds at 7.