Olympic Betting Guide

Olympic Odds - Specials Odds. Millions of fans are always looking forward to the biggest sports festival in the world, the Olympic Games. The competition for the medals begins on the 23 rd of July 2021. We created this Olympics betting guide to walk you through this sports extravaganza. The odds for the various Olympic events aren't yet available, but as soon as they are we'll be sure to update this page. The odds were last updated on November 13, 2020: The Opening Ceremony of the Olympic. Sportsbooks facilitate betting on the Olympics action, enabling bettors to get involved with the action. In this guide we’ll answer your questions, including: How do I bet on Olympic hockey? What do Olympic. Betting tips for all sports today. Find todays best bets! Use the menu to filter by sport for specific horse racing tips, football tips or any of the 20+ other sports covered. Now is a great time to open an account at a new betting. What markets are available when betting on the Olympics? The huge range of sports that take place at the Olympics is the very reason why we get excited for this world-famous event. The obvious betting.

1. Olympic Betting Guide 2020
2. Nfl Betting Guide
3. Basketball Betting Guide

There’s no denying that it is a riveting pastime to watch the best athletes on the planet compete against each other in various sporting events which is why watching the Olympics has been a popular human tradition since way back in the year 776 BC. You read that correctly folks, that’s almost 3000 years ago which makes the Olympics one of the oldest sporting events in history. At one point there was a 1,500-year gap where the Olympics did not take place, but they were granted a revival in the year 1896 and have been thriving ever since.

Even though many of the events are already quite entertaining, the Olympics can become much more fun to watch if you place some wagers on the outcome of any upcoming events and give yourself a chance at winning some money. However, money doesn’t have to be the only reason to bet on the Olympics since you can also place wagers to support the athletes that are representing your home country whenever they are competing. Another reason to bet on the Olympics is to simply raise your interest level in the outcome of any given event, especially if you are watching it on television with other people who are more emotionally invested than you are. No matter what reasons you have for wanting to place wagers on the Olympics, you should be heavily interested in learning the details on when, where, and how you can do so efficiently by reading the sections below.

Where Can You Bet On The Olympics?

By far the most popular place to bet on the Olympics is on an internet sportsbook since they generally offer a wider selection of bets for nearly every single event. William Hill was the first online book to offer Olympic lines with many other sites such as BetOnline.ag, Bovada, MyBookie, and Intertops joining in soon after. All you need to access these sites is a modern personal computer or a smartphone that uses Android or iPhone technology along with a reliable internet connection.

Another advantage of using the internet to wager on the Olympics is that if you start watching an event after it has already begun you can still make live bets with updated lines every few seconds on sites that offer a live betting feature. The lines will be slightly tougher to beat in this format but the convenience of being able to bet long after an event has started is pretty nice in some situations.

For those who refuse to trust online sportsbooks, you do not have to worry because Nevada’s land-based sportsbooks now accept bets for Olympic events. This was made possible in the February of 2015 thanks to the Nevada Gaming Board reversing the decision that the Olympics was considered a non-collegiate amateur sport that made it illegal to gamble on. Once the time for the Olympics draws near you should be able to find lines on many upcoming Olympic events in nearly any Las Vegas brick-and-mortar casino.

How Can You Bet On The Olympics?

Before you can decide what type of bet you want to place on an Olympic event you will first need to figure out which sport you are going to focus on. The sports that are available during each Olympics are highly dependent on whether you are watching the Summer Games or the Winter Games since the event schedules are drastically different for each one.

The Winter Games will include lots of obscure winter sports such as bobsled, luge, figure skating, speed skating, and skeleton with the most popular events being ice hockey and various forms of skiing. The Summer Games will include all of the traditional sports such as basketball, hockey, track and field, and swimming with some other smaller events such as sailing, rugby, judo, handball, rugby, volleyball, weightlifting, and table tennis.

Once you have decided what sport you wish you focus on then you need to decide what type of bet you are going to make. Olympic markets will not be as thorough as major sports markets are but you will still be able to find a decent amount of bets to choose from, especially in the more popular events. Depending on which sport you are wagering on, you will be able to make totals bets, moneyline bets, prop bets and even some live bets if you are using an internet sportsbook that offers that feature.

Olympic Betting Guide 2020

One of the most popular bet types that you can participate in which is not confined to one single sport is known as an outright medal count bet. For these bets, you will simply need to wager on which country will receive the most gold medals overall once every event in the Olympics is finished and if you pick the winning country your bet will be a winner. These bets are a great way to get some exposure to multiple sports with just one bet and it can potentially give you up to two weeks of entertainment at the same time.

An example of a favorite to win the most medals in the Summer Olympics is the United States at -3000 odds with the closest competitor being China at +1100 odds. This means that if you wager $3000 on the USA to win the most gold medals and they are successful then you will win $100 in profit. This might not seem like a very good bet but in reality, there is little to no chance that the U.S. is beaten by any other country since we are heavily favored in numerous events such as basketball, gymnastics, track and field, and swimming.

When Can You Bet On The Olympics?

The Olympics used to take place once every four years but in 1994 the addition of the Winter Olympics (otherwise known as the Winter Games) ensures that there is now an Olympics being held once every two years. The Summer Games are more popular amongst the general population since they include more traditional sports and the events take place during the summer when many people have more free time to watch and wager.

From start to finish, the Olympic Games usually take about two weeks to complete with many different events happening every single day.

You do not need to wager on an event before the entire Olympics begin, you just need to make your wagers before each individual event begins. You will not be able to make any wagers on an event after it begins unless you are wagering from an internet sportsbook that supports live betting.

The Summer Olympics are a sports bettor’s dream come true. The major sporting event, officially called the Games of the XXXII Olympiad, was originally scheduled to be from July 24, 2020, to August 9, 2020 but due to the COVID-19 pandemic the Olympic Games were postponed. The date of the Summer Games was pushed back a year and will now take place July 23, 2021 to August 8, 2021 in Tokyo, Japan. With its Summer Games bid awarded in 2013, Japan has had plenty of time to prepare its venues for the 339 events across 50 disciplines that the Olympics brings to the table. With 11,091 athletes representing an expected 206 nations, 2021 is projected to be the biggest Olympic Games in history.

While such unprecedented participation and so many events promise to make the Summer Olympics very interesting for sports fans, it should prove even more popular with sports bettors across the world. America, in particular, is projected to turn a record handle, though most of that will be dealt to overseas sportsbooks. That said, with more retail brick-and-mortar and domestic online options available in the US than ever before, the Games will be a great opportunity for such books to show off their international bookmaking chops. With tens of thousands of wagers spread out across the huge sporting celebration, savvy bettors will be able to bet on anything they can imagine.

That, of course, includes some brand-new disciplines making their Summer Olympics debuts in Tokyo. Scheduled for the Games are several variants that fall in line with more general, common categories typically on offer. Freestyle BMX, madison cycling, 3X3 basketball, karate, skateboarding, sport climbing, surfing, and a large selection of mixed events will be on hand. Additionally, baseball and softball -- removed from the Summer Games slate in 2008 -- are returning to the lineup and should prove quite desirable on the odds boards, particularly among more casual American bettors.

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2021 Tokyo Summer Olympic Betting Odds

The Tokyo 2021 betting odds are sure to number in the tens of thousands over the nearly three-week event. Of course, all the major land-based and online sportsbooks are sure to have a large number of different wagers between them, making it imperative that you sign up at multiple offshore betting sites (or visit multiple casinos) in order to get the best bang for your buck.

On the odds boards for the Tokyo Games, you’ll see almost every bet type and prop wager imaginable, though the latter will inflate dramatically when the bigger disciplines - or semifinal and final rounds therein - take center stage. Some of the biggest Summer Olympics events to wager on include track and field events like the 100-meter sprint, various swimming events, basketball (which is very accessible to American bettors as it features many players from the NBA), wrestling, boxing, soccer, golf, and tennis. As a general rule, the most popular sports to wager on among US bettors are those games with which they’re most familiar.

That said, because there’s no shortage of unique and exciting props on all kinds of fringe events, gamblers all across the US will be enticed to put money on these curiosities, if just for fun. And fun is a big part of Olympics betting. From point spreads and straights and player, team, and event props to tournament futures and everything in between, Summer Olympics betting is as exciting as the Games themselves. And since the opportunity only comes once every four years, any interested bettor should make sure to tune in and check out their favorite sportsbooks on a daily basis leading up to and during the entire event.

• Bovada.lv

• BetOnline

• SportsBetting

• MYBookie

• BetDSI

2021 Tokyo Summer Olympic Betting Odds

The Tokyo 2021 betting odds are sure to number in the tens of thousands over the nearly three-week event. Of course, all the major land-based and online sportsbooks are sure to have a large number of different wagers between them, making it imperative that you sign up at multiple offshore betting sites (or visit multiple casinos) in order to get the best bang for your buck.

On the odds boards for the Tokyo Games, you’ll see almost every bet type and prop wager imaginable, though the latter will inflate dramatically when the bigger disciplines - or semifinal and final rounds therein - take center stage. Some of the biggest Summer Olympics events to wager on include track and field events like the 100-meter sprint, various swimming events, basketball (which is very accessible to American bettors as it features many players from the NBA), wrestling, boxing, soccer, golf, and tennis. As a general rule, the most popular sports to wager on among US bettors are those games with which they’re most familiar.

That said, because there’s no shortage of unique and exciting props on all kinds of fringe events, gamblers all across the US will be enticed to put money on these curiosities, if just for fun. And fun is a big part of Olympics betting. From point spreads and straights and player, team, and event props to tournament futures and everything in between, Summer Olympics betting is as exciting as the Games themselves. And since the opportunity only comes once every four years, any interested bettor should make sure to tune in and check out their favorite sportsbooks on a daily basis leading up to and during the entire event.

How To Read And Understand Olympic Odds

Olympic Odds at most sportsbooks will be presented in one of three ways: American (moneyline), British (fractional), or European (decimal). Most books catering to US customers will use regular moneyline odds, but you will definitely come across fractional odds as well. Decimal odds tend to be fairly rare, but it’s considered a sports betting best practice to understand all three varieties.

The American moneyline is based, as its name implies, on the moneyline. Moneylines are presented as positive or negative numbers, and these are the “price tags” for the bets on the boards. While straight bets use the moneyline to represent the odds themselves, other bet types typically include their associated moneylines (or prices) in parentheses beside the wagers in question. With the moneyline, a negative number (-) typically represents the favorite, while a positive number (+) represents the underdog. However, in a field of more than two contestants (as is so often the case in the individual Olympic events), the favorite will often also have a positive moneyline. In this case, the favorite will have the smallest positive line, while other contestants will have higher positive lines in line with their comparative longshot status.

When it comes to understanding what the moneyline actually means, it’s simple: a negative number shows how much you have to wager to win $100, while a positive number shows how much money you stand to win on a $100 wager. For example, if the US Men’s basketball team is listed at -210 against Team Spain at +340, a $210 bet on the American team would win $100, while a $100 bet on the Spanish team would win $340.

Nfl Betting Guide

All odds work the same general way as the US moneyline, in that they all show the payout amounts. With British odds, you’re shown the wager’s payout ratio as a fraction. For example, if the Jamaican 100-meter relay team is on the boards at 2/5 odds, it means that a wager on the club would pay out $2 for every $5 wagered. A sub-1 fraction denotes a favorite, while a fraction greater than 1 denotes an underdog. A fractional underdog might have odds of 5/1, meaning that $5 is won on a $1 bet. As long as you remember that the numerator (the first number in the fraction) shows the amount to be won while the denominator (the second number) shows the amount wagered for said winnings, you can easily read and understand British odds. You will almost certainly come across fractional odds during your Olympics betting activities.

European decimal odds are rare on most betting boards if you live in the US or the UK, but they’re reasonably simple to understand. Decimal odds already include your stake, so whatever the posted decimal is, you simply multiply your stake by that number to get your winnings. For example, if some team or individual has 3.0 odds to win, that means that a $1 bet would yield $3 (3.0 X $1) and that a $5 bet would yield $15 (3.0 X $5). Because your stake is included, odds that are between 1.001 and 1.999 show a favorite, while odds of 2.0 and greater indicate underdogs.

If you plan on attending the 2021 Summer Olympics in Tokyo, you will find a ton of attractions to keep your attention between the games themselves. However, you will not find legal sports betting anywhere in the country, as gambling is generally not legal in Japan. Of course, if you’re in the US and simply plan on following the games on television or online, this is a non-issue. Both land-based casinos and legal offshore sportsbooks will have plenty of Tokyo 2021 action to choose from.

Interestingly, legal Olympic betting is a new phenomenon in Nevada, with 2016’s Games being the first to have lines offered. With the newly-legalized sports wagering lounges peppered across the US now, of course, people will be extremely interested in betting on the Olympics, and you can expect these physical venues to have wide-ranging options. Of course, for the best options on the Olympics betting boards, you’ve got to use an offshore book. Sites like Bovada and SportsBetting have been hosting Olympics betting for going on 30 years now, and they’re better at the business than anyone else. If you want to maximize your chances to win during the Summer Games, overseas sportsbooks are definitely the way to go.

Bovada is the most popular and streamlined site for betting on the Olympics, and more Americans visit this renowned bookmaker than all the other sites combined. Part of that is no doubt due to Bovada’s famous reputation for having never missed a single payout, but it’s also because Bovada is so simple and easy to use while offering the most Olympic betting odds of any established service.

If you sign up to bet on the 2021 Tokyo Summer Olympics now, Bovada will give you a $250 Sports Welcome Bonus with your first deposit (matched at a 50% rate and with a 5X rollover). This isn’t the biggest perk among the best Olympics sportsbooks, but it’s a solid offering and its rollover is the friendliest in the business. Bovada also offers a valuable cryptocurrency bonus, encouraging its members to wager with Bitcoin and various supported altcoins.

Please note that currently, Bovada does not accept new members from the states of Delaware, Maryland, New Jersey, or Nevada.

SportsBetting is one of the top betting sites accepting US customers, and it accepts members from all 50 states. One of the great things about SportsBetting (and there are many) is that the site accepts nearly every payment type you can think of, from checks and bank orders and credit transfers to Bitcoin, Litecoin, Ethereum, Western Union, MoneyGram, and more. No matter how you keep your money, SportsBetting makes it easy to deposit quickly and start betting on the Tokyo Olympics!

New members who sign up now can get SportsBetting’s exclusive 50% match bonus worth up to $1,000 to pad their Olympics bankroll. Returning customers can take advantage of the site’s 25% reload bonus, which is also good for up to $1,000 in free-plays. Cryptocurrency deposit and reload bonuses are also available, letting casual bettors play like bona fide high rollers. No matter what other site or sites you join to wager on the Tokyo Games, SportsBetting should also be on your list of contenders.

BetOnline is one of the pioneers of Internet sports betting, and they’ve been offering Olympics betting since the 1990s. Needless to say, they know what they’re doing, and they know how to bring American bettors the most popular odds and valuable lines possible. BetOnline also supports a host of payment options, making it easy to set up and account and start betting in just minutes.

One of the best aspects of BetOnline (besides their 50% welcome bonus and 35% crypto reload bonus) is their live betting portal. Accessible from your desktop, laptop, or mobile device, BetOnline’s live wagering options are second to none. While there aren’t too many live wagering opportunities in the Summer Games (imagine trying to bet on a 10-second 100-meter sprint halfway through the race!), there are plenty of team events that are conducive to in-game betting. Olympic sports like basketball and baseball will have plenty of live betting, and there’s no better book to enjoy this popular phenomenon than BetOnline.

Tokyo 2021 Summer Olympics Events & Schedule

Basketball Betting Guide