Olympic Games Odds
Betting on Gold: Paris 2024
Every four years, the world’s top athletes gather to compete in a variety of sports, including some unique Olympic events like curling and biathlon. As we look ahead to the Paris 2024 Olympics, there are many betting opportunities beyond major leagues to be explored, such as the NFL or NBA. Our betting analysis will make sure you’re ready to place bets with spot-on information and to navigate your online sportsbook smoothly for the upcoming Paris Olympics 2024.
Country | Odds | 🥇 Gold Medals |
---|---|---|
USA | -750 | 40 |
China | +350 | 40 |
France | +6500 | 16 |
Japan | +8000 | 20 |
Great Britain | +8000 | 14 |
Netherlands | +20000 | 15 |
Australia | +20000 | 18 |
Germany | +25000 | 12 |
Italy | +50000 | 12 |
Cuba | +100000 | 2 |
Jamaica | +100000 | 1 |
Hungary | +100000 | 6 |
Brazil | +100000 | 3 |
South Korea | +150000 | 13 |
Canada | +150000 | 9 |
Spain | +250000 | 5 |
How Do Odds Work in Olympic Games?
To understand Olympics Betting, you will have to familiarize yourself with how to read the odds. These come in three forms: decimal, fractional, and American. The first two are straightforward, but American is a staple in sportsbooks.
These odds show either a negative number (e.g. -150) or a positive number (e.g. +130). The first one shows how much you need to wager to win $100 (that would be $150 in the example) indicating that this line has an implied probability greater than 50 percent. The latter indicates how much you win on a $100 bet ($130 with the example), which implies a probability of less than 50 percent.
Popular Sports To Bet on at the Olympic Games
The Paris 2024 Olympics has a massive lineup with over 329 events across 32 diverse sports. While every competition holds its own excitement, some ignite a particular spark with viewers. Here’s a peek at the sports that tend to capture Summer Olympics fans:
Athletics :
A Summer Olympics staple! 48 disciplines test speed, endurance, and skill across track, road, field, and combined events. Fun fact: it’s one of the oldest Olympic sports, dating back to 776 BC!
Swimming:
Swimming at the Olympics features 37 races testing speed and stamina in freestyle, backstroke, and more. Individual and relay events seek to display both technique and power.
Gymnastics:
Gymnastics at the Olympics features 18 artistic, rhythmic, and trampoline events. Fun fact: trampoline wasn’t part of the Games until 2000! Bettors favor Outright Winners, Total Points, and Podium Finish wagers.
Basketball:
Basketball’s Olympic debut came in 1904 (demo game). Fast forward to 1992: Paris 2024 features 4 events (men’s & women’s). Bettors love Total Points, Match Winners & 1st Basket bets.
Volleyball:
Volleyball spiked onto the Olympic scene in 1964, with a format shift from round-robin to playoffs in 1972. Paris 2024 features indoor & beach battles.
Football:
Football debuted at the Summer Olympics in Paris 1900. The United States has achieved four gold medals, one silver, and one bronze. Notable players include Messi, Eto’o, and Neymar. Betting options for Olympic football hold popular markets like Match Winner, Both Teams to Score, Double Chance, and Outright Winner, among others.
Tennis:
Tennis has been an Olympic sport since the modern era began. In the 2024 Paris Summer Olympics, events include Men’s and Women’s Singles and Doubles, along with Mixed Doubles, all taking place at Stade Roland Garros. Betting options will feature popular markets like Set Winner, Outright Winner, and Set Correct Score for Olympic tennis action.
Olympic Games Betting Markets:
Futures: Olympics Futures Betting
- Futures are usually an outright bet, meaning you bet on a nation, team, or athlete to win a competition straight-up.
- Predict the gold medal leader (USA’s favored at -750 odds) or go wild: who wins each sport, group stages, or even individual gold medalists!
Moneyline: Olympics Straight Betting
Think of it like picking a winner. You choose which athlete or team you think will reign supreme in a specific event, like the epic basketball battle between USA and Spain.
The moneyline odds will tell you the potential payout. A negative number (like USA at -140) means you wager more to win less (a safe bet for USA fans).
A positive number (like Spain at +145) means a smaller wager could win you a bigger return (a riskier bet, but with a potentially sweet reward for Spain supporters).
Point Spread: Olympics Spread Betting
- The point spread is how oddsmakers make two unequal teams “equal”.
- They do this by assigning a points handicap for each team listed as either a plus number like +3½ or a negative number like -3½.
- While favorites have to win beating the spread, the underdogs have to win outright or lose by less than the spread for your bets to win.
Over/Under: Olympics Totals Betting
Think your country will dominate? Bet on the total number of gold medals they’ll win (USA goes OVER 45.5 medals at +110 odds).
Feeling gutsy? Pick a head-to-head winner: who will grab more gold, USA?
Props: Olympic Props
- Props or “proposition” bets are side bets you can make that have very specific conditions for a bet.
- Prop bets are here: will a champion protest? How many golds for a superstar? Will the flame go out? Who raises the flag? It’s the Olympics, anything can happen!
Parlays On the Olympics
Combine multiple bets on one ticket for a potentially huge payout.
Win on all your picks and watch the prize money soar! Just remember, if even one bet loses, the whole parlay crumbles.
Live Betting On The Olympics
- Live betting is the act of making a wager on a sporting event while the event is in progress.
- In the past, punters could only make sports bets before the event had begun, but with the introduction of live betting, people can now make bets at any time during the event.
- This opens up a wide range of opportunities for sports bettors, as events that happen during the game will change the odds in real time and on the spot.
Olympics Betting Tips
Shop around: | Don’t settle for the first odds you see! Compare lines across different sportsbooks to find the best payouts. |
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History is your friend: | Learn from the past Olympics! See which countries dominated certain sports and how individual athletes performed. |
Stick to what you know: | Feeling lost in the world of synchronized swimming? Focus your bets on sports you understand and can analyze. |
Budget like a pro: | Set a firm limit on what you’re willing to wager and stick to it. Don’t chase losses! |
Leave your heart at home: | Let logic, not patriotism, guide your bets. Research, not cheers, will win you gold (or at least some cash). |
Most importantly, have fun! | The Olympics are a celebration of athleticism. Enjoy the competition while testing your betting skills. |