Mostly, I'm in favor of the bid because of all the new, exciting sports that might get included to enhance Azerbaijan's chances to bring in a gold, such as election stealing, money laundering, driving backwards down one-way streets, journalist beating and sheep fucking. Some, however, argue that the Central Asians have all the sheep events locked up.
And, befitting its position in the Top 30 Most Corrupt Countries in the World, there's lots of opportunity for mayhem in judging, evidenced by Azerbaijan's only judge in Torino being "demoted" for "mistakes" in the ice dancing event.
But, as a wiser person than me once said, putting in a bid for the Olympics is like nominating yourself for the Nobel Peace Prize -- there's no minimum requirement, no risk and it can be pointed to as evidence of your self-perceived "growing stature in the community of nations." Whatever.