Olympic Betting Odds
The Olympics are a sports bettor’s dream come true with the sheer number of Olympic betting odds. Officially called the Games of the XXXIII Olympiad, the Paris Olympics are scheduled to be from Friday, July 26 until Sunday, August 11. With the Summer Games bid awarded in 2017, France has had plenty of time to prepare its venues for the 329 events within the 32 disciplines that the Olympics brings to the table. With hundreds of athletes representing an expected 80+ nations, Paris 2024 betting is projected to be the largest Summer Olympic betting handle ever recorded. With such unprecedented participation, Olympic betting odds are becoming even more popular across the world. With more than 40 million Americans expected to bet on the 2024 Paris Olympics, both retail brick-and-mortar sportsbooks as well as online Olympic betting sites will brandish hundreds of thousands of wagers.
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Where To Bet On 2024 Paris Olympics
If you’re in the US and plan on following the games on television, online sportsbooks will have plenty of Paris 2024 betting action to choose from. Some states do have state-regulated sports betting; however, not all of them offer legal Olympic betting odds and most transfer their high tax rates onto their betting odds. Interestingly, legal Olympic betting is rather new, as Rio de Janeiro 2016 was the first Olympics to have betting lines offered in the USA. With sportsbooks across the US that have odds on the Olympics, fans will have the option to bet in person. However, we believe the best option for betting on the Summer Olympics is using sites like Bovada, SportsBetting, and BetOnline due to their varying payouts on the same events.
#1
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- No DE, MD, NJ, NY, NV
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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 the Bovada Olympic betting odds are clearly organized and simple to find.
If you sign up to bet on the 2024 Paris Olympics at Bovada, they 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.
Note: Bovada does not accept new members from Delaware, Maryland, New Jersey, New York, or Nevada.
#2
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SportsBetting is one of the top betting sites accepting US customers, and it accepts members from 49 states (no NJ). 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 Paris 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. This gets bumped to 100% if using BTC, ETH, or any of the nearly 20 cryptos they accept. SportsBetting makes casual bettors play like bona fide high rollers... so no matter what other Olympic betting sites for Paris 2024 you join, SportsBetting should also be on your list.
Best Olympic Betting Sites
2024 Paris Summer Olympic Betting Odds
The Paris 2024 betting odds will range drastically across the many sportsbooks to bet on the Olympics online and the near million bets they offer. The nearly three-week event makes it imperative to shop lines in order to find the best payout for the same race or situation. For betting the 2024 Paris Games, you’ll see almost every bet type and prop wager imaginable, especially when place a bet on Team USA basketball for instance.
As a general rule, the most popular Olympic sports to wager on among US bettors are those games with which they’re most familiar. While the 2020 Olympics saw great popularity from bettors in the major sports (45% - basketball, 34% soccer), Olympic gymnastics odds still saw action from 28% of those who bet on the Olympics. The Winter Olympics is more spread, with events like cross-country skiing, alpine skiing, snowboarding, and even the biathlon, also bringing in a lot of action.
The United States is gearing up for another successful outing at the Summer Olympic Games in 2024, as they are heavily favored to win the most gold medals. The US is regularly a dominant force at the games and betting on Team USA is never a bad idea. Sites like Bovada even have futures odds on the Olympics in categories like most gold medals won or most medals overall. Because the USA has led the gold medal count in almost all of the last 10 Summer Olympics, the odds aren't too exciting.
Betting Medal Counts At The Olympics
While the USA is one of the top teams on the odds board to win the most gold medals, there are plenty of other medal count odds to take advantage of. There are futures odds on which country will win the most gold medals overall as well as total on how many medals each country will win where you can bet on the Over or Under. China, Japan, Australia, and Great Britain are often the best Summer Olympic countries, outside of the USA.
Odds For Most Gold Medals Paris 2024
- USA -850
- China +400
- France +8000
- Japan +8000
- Great Britain +8000
- Australia +25000
- Germany +25000
- Netherlands +25000
- Italy +50000
- Brazil +100000
- Canada +100000
- South Korea +100000
- Spain +200000
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. Most foreign markets for Olympic countries will use European fractional odds.
American Moneyline Odds
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 canoeing team is listed on a head-to-head matchup at -210 odds against Team Spain (at +140), a $210 bet on the American team would win $100, while a $100 bet on the Spanish team would win $140.
British Fractional Odds
British odds, also known as fractional odds or UK odds, represent the potential profit relative to the stake. Displayed as a fraction (5/1), the first number denotes potential profit, while the second represents the risk. Thus for Olympic betting odds of 5/1, would see $5 of profit for every $1 wagered. Odds greater than 1 (e.g., 5/1) indicate less likelihood (+500 in American odds), offering higher potential winnings, whereas odds less than 1 (e.g., 1/2) suggest higher likelihood with lower potential winnings (-200).
Decimal Odds
Decimal odds, unlike fractional or British odds, represent the potential total payout, including both the stake and profit. In decimal format (6.00), these odds reflect the total amount that will be returned on a winning bet, including the initial stake. For example, odds of 6.00 imply that for every $1 bet, the total return would be $6 ($5 profit plus the $1 stake). Higher decimal odds indicate lower likelihood, with a higher potential payout, while lower decimal odds suggest higher likelihood with a lower potential payout.
#3
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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 100% crypto sign up 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, there are plenty of team events that are conducive to in-game betting. Olympic sports like judo, weightlifting, and rowing will have plenty of live betting opportunities, and there’s no better book to enjoy this than BetOnline.
Paris 2024 Summer Olympics Events & Schedule
The 2024 Paris Games schedule is set with soccer and rugby kicking off the action on Day 1 of the Olympics (July 24). Continuing into Day 2, archery and handball will also see action before the torch is lit.
Note: No games will be played on July 26 – the date of the Opening Ceremony for Paris 2024.
Archery | July 25 – Aug 4 | 5 Events | |
Athletics | Aug 1 – Aug 11 | 48 Events | |
Aquatics | July 27 - Aug 11 | 49 Events | |
Badminton | July 27 – Aug 5 | 5 Events | |
Basketball | July 27 - Aug 11 | 4 Events | |
Boxing | July 27 – Aug 10 | 13 Events | |
Breaking | Aug 9 – Aug 10 | 2 Events | |
Canoeing*** | July 27 - Aug 10 | 16 Events | |
Cycling | July 27 - Aug 11 | 22 Events | |
Equestrian | July 27 - Aug 6 | 6 Events | |
Fencing | July 27 - Aug 4 | 12 Events | |
Field Hockey | July 27 - Aug 9 | 2 Events | |
Football* | July 24 - Aug 9 | 2 Events | |
Golf | Aug 1-4, Aug 7-10 | 2 Events | |
Gymnastics**** | July 27 - Aug 10 | 18 Events | |
Handball** | July 25 - Aug 11 | 2 Events | |
Judo | July 27 - Aug 3 | 15 Events | |
Modern Pentathlon | Aug 8 - Aug 11 | 2 Events | |
Rowing | July 27 - Aug 3 | 14 Events | |
Rugby Sevens | July 24 - July 30 | 2 Events | |
Sailing | July 28 - Aug 8 | 10 Events | |
Shooting | July 27 - Aug 5 | 15 Events | |
Skateboarding | July 27-28, Aug 6-7 | 4 Events | |
Sport Climbing | Aug 5 - Aug 10 | 4 Events | |
Surfing | July 27 - July 30 | 2 Events | |
Table Tennis | July 27 - Aug 10 | 5 Events | |
Taekwondo | Aug 7 - Aug 10 | 8 Events | |
Tennis | July 27 - Aug 4 | 5 Events | |
Triathlon | July 30-31, Aug 5 | 3 Events | |
Weightlifting | Aug 7 - Aug 11 | 10 Events | |
Wrestling | Aug 5 - Aug 11 | 18 Events | |
Volleyball | July 27 - Aug 11 | 4 Events |
* Football (soccer) off days include July 29, Aug 1, Aug 4, Aug 7.
** Handball is off on Aug 5.
*** Canoeing takes a break during the Slalom events on Aug 2.
**** Gymnastics is off on Aug 6 and Aug 7 in between the Artistic and Rhythmic events.