Budapest is seen by many as being the outsider to win the 2024 race .
The city has pinned hopes on the IOC 's Agenda 2020 , which suggests more economical Games could be held in smaller cities .
Budapest is seen by many as being the outsider to win the 2024 race , but the city has pinned hopes on the IOC 's Agenda 2020 , which suggests more economical Games could be held in smaller cities .