Murray is of course looking to win here to put aside the extremely upsetting final loss to Roger Federer in that tournament.
Should he take the gold medal, then that defeat will be forgotten about.
The Scotsman has been in great form at the Olympics so far, taking both his singles matches in straight sets.
At London 2012 it is the best of three sets instead of five so he should still be feeling fresh and full of energy.
The British number one will know that Baghdatis caused him a few problems in their match at the All English Tennis club in July and that he will be out for revenge this time out.
Should Murray win this though, then he will find himself in the quarter-finals and a step closer to winning a medal.
With Rafael Nadal out of the tournament through injury, it is likely that Murray would meet Federer in the final yet again if he were to reach that stage.
He will know that he must be in fantastic form and will have to produce some of his best performances to date if he is to take the gold.
The Brit will of course have the backing of the crowd throughout the tournament and this could be a massive boost for him.
His first task though is to beat his opponent today and it will not be easy. Tennis players are really taking this Olympics seriously and treating it as an extra Grand Slam. The opportunity to beat the home nation’s biggest hope will be a massive incentive for Baghdatis.
Should Murray come out on top though, it will go to show he really means business.
Murray is the favourite to take this tie with odds of 1.14 (1/7) with BetFred.
Baghdatis will know what a massive performance it will take to reach the final eight. He can be backed at 7.00 (6/1) with VC Bet.
The Scotsman will know he will have to upset the odds if he is to take the gold medal. He is available at 4.50 (7/2) with Ladbrokes to do just that.
If you think he will repeat what he achieved at Wimbledon in July then Murray is being offered at 2.75 (7/4) with Bet365 to reach the final.
A medal of any colour for the 25-year-old can then be backed to win a medal at 1.36 (4/11) with Paddy Power.
The British number one could come out flying this afternoon and take the first set by six games to one. This can be backed at 10.50 (19/2) with SportingBet.