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.

Paris 2024 Logo

Mollie O’Callaghan

Women’s 100m Freestyle Odds: Australian O’Callaghan Favored for Gold

By Zach Kelley | July 9, 2024

Mollie O’Callaghan of Australia has +130 odds to win the Women’s 100m freestyle gold medal. Top American … Read more

Sha’Carri Richardson

Sha’Carri Richardson Favored (-155) in Women’s 100m Olympic Race

By Zach Kelley | July 3, 2024

Olympic betting odds for the Women’s 100m favor Sha’Carri Richardson with -155 odds in her first Olympics. … Read more

Noah Lyles

Men’s 100m Betting Odds Favor Noah Lyles (USA) at +125 Odds

By Zach Kelley | July 2, 2024

Noah Lyles of the United States has +125 odds to win the men’s 100m at the 2024 … Read more

USA Men’s Olympic Basketball Team

Men’s Olympic Basketball Team Announced: US Bigger Favorite

By Brett Crown | April 18, 2024

The announcement of the United States men’s basketball team roster has caused their Olympic betting odds for … Read more

MMA in the Olympics?

MMA in the Olympics: A Controversial Clash of Ideals

By Michael Molter | March 4, 2024

MMA’s potential Olympic inclusion sparks debates on safety and authenticity. Critics worry about rule changes and compromise … Read more

USA Olympians

USA Heavy Favorites For Most Paris 2024 Olympic Gold Medals

By Michael Molter | February 23, 2024

The United States is expected to win the most gold medals in Paris with -850 odds. Outside … Read more

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.

Best Olympic Betting Sites
1
  • Bovada.lv
2
  • BetOnline
3
  • SportsBetting
4
  • MYBookie
5
  • Xbet

#1

Bovada Sportsbook
PROS:
  • Accepts US Players
  • Tons of Games
  • Deposit/Withdraw with Bitcoin
  • Massive Bonus!
CONS:
  • No DE, MD, NJ, NY, NV
  • Higher Fees
Bovada.lv
Paris 2024 Bettors Get $250 In Free-Play Bonuses

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

SportsBetting.ag Sportsbook
PROS:
  • Accepting US Bettors
  • Crypto Deposits/Withdrawals
  • Hefty Bonuses
  • Great Props
CONS:
  • Some Withdrawal Fees
  • High Rollovers
SportsBetting.ag
More Deposits And Bonuses For Summer Olympics Action!

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

Rank
Betting Site
Promotion
Gaming Types
Rated
Visit
1
50% up to $250
Sports - Entertainment - Politics - Horse Racing
5 Star Rating
2
50% up to $1,000
Great Odds and Props
5 Star Rating
3
50% up to $1,000
Live Betting - Huge Bonues
5 Star Rating
4
50% up to $1,000
Racebook - All Sports - Live Betting
5 Star Rating
5
100% up to $300
Casino Slots
5 Star Rating

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.

Betting On The USA In The Olympic Games

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

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

BetOnline Sportsbook
PROS:
  • Best Crypto Site
  • Fastest Withdrawals
  • Generous Odds
  • Fun Props
CONS:
  • Not Accepted in Some States
  • Wire Transfer Require $500 Min.
BetOnline.ag
Live Betting During The Summer Olympics In Paris

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.