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No they are not the same. A World Record can be broken at any time. Whereas an Olympic Record can only be broken at the Olympic Games (it's a glorified Meet Record.) Keep in mind that a World Record CAN be set at the Olympic Games (which would in turn, automatically break the Olympic Record as well.) A World Record outranks an Olympic Record.
Yes, "Olympic record" should be capitalized because it refers to a specific record set at the Olympic Games.
An Olympic record is the greatest achieved in the Olympic games. A world record is the greatest achieved anywhere, ever. In some instances an Olympic record is also the world record.
Mark Spitz
Derval o rourke was world record breaker during the 2008 olympic games.
mark spitz
The African American Michael Johnson held the record in the 200 meters at the 2004 Olympics games.
The record for most Athletics Olympic medals won was 19 medals by Michael Phelps in swimming at the 2012 London Olympic Games.
Micheal Phelps has won 16 Olympic medals. -6 gold, 2 bronze (Athens 2004) -8 gold (Beijing 2008) He is the most successful athlete at both of these Olympics. He has twice tied the record for most gold at any Olympic Games. He holds the record for most gold at a single Olympic Game at 8 beating out Mark Spitz's record of 7. He is second in total Olympic medal count with 16, Larisa Latynina has 18 over 3 Olympics. He holds the record for most Olympic golds at 14.
Canada won 14 gold medals in the 2010 Vancouver games - the record for a single Winter games.
World Record: Javier Sotomayor (CUB) 2.45m Olympic Record: Charles Austin (USA) 2.39m