- Odds have Brazil’s over under sitting at 4.5 gold medals - the same as Canada.
- Great Britain is much higher with 14.5 golds, as Australia sits at 12.5.
TOKYO – The betting odds for the 2021 Tokyo Olympics only continue to appear across online sportsbooks, with more countries being added this week.
While the USA is expected to dominate the Olympics, some medium-sized countries now have over/under lines for their total Gold Medal count in Tokyo.
Bettors can find all of these odds and more at the top online Olympic betting sites.
Tokyo 2021 - Great Britain Total Gold Medals
- Over 14.5 -115
- Under 14.5 -115
Great Britain is regularly one of the top countries at the Olympics and will be showing out in 2021 once again.
GBR finished second at the 2016 Rio Olympics in gold medals with 27, far above their projected count at this year’s Games.
The drop is apparently due to lowered expectations for Team GBR in their top sports like rowing, track cycling, and artistic gymnastics.
These three sports alone produced 11 medals for the British in 2016.
Still, the number of 14.5 seems low and bettors should look into the over for the UK in Tokyo.
Tokyo 2021 - Australia Total Gold Medals
- Over 12.5 -115
- Under 12.5 -115
Next on the list is the former British outcasts from down under, the Australians.
Bookies have the Aussies sitting at 12.5 gold medals, much higher than their final count of eight at the 2016 Games.
The uptick is attributed to a strong group of women representing the country like tennis star Ash Barty and swimming sensation Ariane Titmus.
Other projected gold medalists for the Aussies include Jessica Fox (canoeing), Roahm Dennis (cycling), Matt Wearn (sailing), Sally Fitzgibbons (surfing), and the teams in rowing, swimming, and the triathlon.
With all of these positive outlooks, it might be worth hitting the under just to counteract all the hype. After all, this is a team with just eight medals in their last appearance and adding five more to that seems like a daunting task.
Tokyo 2021 – Canada Total Gold Medals
- Over 4.5 -150
- Under 4.5 +110
Next up is Canada, who brought home just four gold medals to the Great White North in 2016 but are projected to finish just above that this year.
The Olympic betting odds have the Canadians as a favorite to go over 4.5 medals at -150.
However, the Gracenote model which predicts Olympic winners has the Canadians taking home exactly four medals again.
This, plus the value, means that taking the under of 4.5 is the right pick ahead of the Games.
Tokyo 2021 - Brazil Total Gold Medals
- Over 4.5 -167
- Under 4.5 +120
Our last county appearing on the oddsboard is Brazil, who sits with Canada at 4.5 projected medals according to the bookies.
Brazil brought home seven medals in 2016, so this would be a stark decline in production atop the podium.
The Gracenote system has Brazil projected to bring home five medals, making their skewed -167 odds for the over make much more sense.
It will likely come down to a few events, like Olympic surfing that will decide if Brazil hits the over here.
Still, with seven medals in 2016, the over is the way to lean on this particular wager.