Michael Phelps vs. Ryan Lochte: Events and Schedule for the 2012 Olympics Swimming Clash; Who Wins Gold?

Michael Phelps (R) reacts while shaking hands with Ryan Lochte before the medal ceremony for the men's 200m freestyle final during the U.S. Olympic swimming trials in Omaha, Nebraska, in this June 27, 2012 file photo. Phelps, who won a record eight gold medals in Beijing, will attempt seven events this time before he retires. In two of them, the 200 and 400 metres individual medley, he will come up against Lochte, who collected five gold medals at last year's world championships and became the first swimmer to break a long course world record since controversial polyurethane suits were banned. (Photo : REUTERS/Jeff Haynes/Files)

The 2012 London Olympic Games have just started, and now the world gets to watch the world's best swimmers in action.

Among those swimmers, Michael Phelps and Ryan Lochte - both world record holders - are two athletes to follow.

A conceivable rivalry between both arose in Beijing in 2008 and since then, things between the two have become fierce as ever.

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Both are set to face each other in two events both dominate: the 200m and 400m Individual Medley.

Phelps won the gold medal for both events in Beijing and will look to repeat in London as he faces Ryan Lochte, the world reigning champion and his greatest competitor in both of the events as well.

Schedule of their face-off:

July 28
Men's 400m Individual Medley
5:00 a.m. ET - Qualifications
2:30 p.m. ET - Finals

August 1
Men's 200m Individual Medley
6:06 a.m. ET - Qualifications
3:36 p.m. ET - Semifinals

August 2
Men's 200m Individual Medley
3:16 p.m. ET - Finals

(Michael Phelps' Complete Events and Schedule at the London Olympics 2012 Available Here)

According to Reuters, Gregg Troy, the head coach of the U.S. men's team said, "This is going to be a special race. I can't imagine a better way to promote our sport than a race like this on the first day."

Natalie Coughlin, USA women's swimming team   captain said, "It's going to be an awesome race. And it will have a lot of energy that hopefully gives us a lot of momentum going into the next eight days."

Who wins gold?