By Simon H. L / comments@latinospost.com (staff@latinospost.com) | First Posted: Aug 08, 2012 10:25 AM EDT

LeBron, Kobe, Durant and Carmelo are all set for today's (August 8) match against Australia in what represents the beginning of the knockout stage for the basketball tournament.

Men's Basketball: USA vs. Australia

Tipoff: 5:15 p.m. EDT / 10:15 p.m. London Time
Location: North Greenwich Arena

USA enters the knockout phase undefeated and it'll look to continuing its winning streak by one tonight as it faces an Australian team that lost to both Spain an Brazil or rivals defeated by the U.S. in pre-Olympic games.

Although USA is favorite to win the match and predictions are that it probably will, a quick and important reminder is the fact that a loss gets any team eliminated in this knock-out stage.

USA will certainly not take things for granted after it was almost upset by a Lithuanian team that was six points away from beating the U.S. However, if USA secures a win against Australia, it'll face the winner of the game between Brazil and Argentina.

The other teams that also qualified for the elimination stage are France and Spain, who play at 11:15 a.m. EDT; Russia and Lithuania who started playing at 9:00 a.m. EDT.

USA is three games away from the Gold medal and a Beijing 2008 repeat.

USA's earning of the gold would certainly help the country battle against China in the medal race that as of August 8, stands like this:

China - 34 Gold, 21 Silver, 19 Bronze (74 total)
USA - 30 Gold, 19 Silver, 22 Bronze (71 total)

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