That means that anyone betting 100 kronor on Norway would double their money, whereas if they bet the same money on the US team, judged the second most likely to win, with odds of 7/2, they would win 350 kronor.
Norway's cross country ski teams, led by Petter Northug and Marit Bjørgen look set to dominate in their races, despite Northug's recent fitness issues following last year's illness.
"I will stop at nothing because I must be at the top of the podium at the Sochi Olympics," the 28-year-old Northug said.
"If I am speaking honestly, I have high expectations. One gold medal will not be enough. I want to win no less than two gold medals."
Meanwhile, Bjørgen, 33, and her enormously talented team-mate Therese Johaug almost certainly have both gold and silver in the bag.
But the bookies are betting that the Norwegian team will fall behind the US when it comes to the total number of medals won, with Ladbrokes and William Hill both giving the US even odds,and respectively seven-to-four and to two-to-one against for Norway.