Olympic Betting Odds
The Winter Olympics are a sports bettor’s dream come true with the sheer number of Olympic betting odds. The major sporting event, officially called XXIV Olympic Winter Games is scheduled to be fr om February 4, 2022, to February 20, 2022. With the Winter Games bid awarded in 2015, China has had plenty of time to prepare its venues for the 109 events within 15 disciplines that the Olympics brings to the table. With hundreds of athletes representing an expected 80+ nations, Beijing 2022 betting is projected to be the largest Winter Olympic betting handle ever recorded.
While such unprecedented participation, Olympic betting odds should become even more popular across the world. With an estimated 20 million Americans expected to bet on the 2022 Beijing Olympics, both retail brick-and-mortar sportsbooks, as well as online Olympic betting sites, will brandish tens of thousands of wagers.
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Best Olympic Betting Sites
Betting Medal Counts At The Olympics
Betting on which country is going to win the most gold medals is one of the most popular bets for Winter Olympics action. Though the USA has the second most all-time medals with 105, Germany and Norway are generally the two best Winter Olympic countries, having won the most gold medals (or most medals overall) in five of the last six Olympics. Norway - the all-time leader with 132 gold medals including 14 at the 2018 Winter Olympics - is favored to win the most gold medals in 2022.
2022 Beijing Winter Olympic Betting Odds
The Beijing 2022 betting odds are sure to number in the tens of thousands over the nearly three-week event. All the major land-based and online Olympic sportsbooks have different bets between them, making it imperative to shop lines in order to get the best bang for your buck.
For betting the 2022 Beijing 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 Winter Olympics events to gamble on include speed skating and freestyle skiing.
As a general rule, the most popular 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 gymnastic 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. From point spreads and player, team, and event props to Olympic futures and everything in between, Winter Olympics betting is as exciting as the Games themselves.
The United States is gearing up for another successful outing at the Winter Olympic Games in 2021. The US is regularly a dominant force at the games and betting on Team USA is never a bad idea. Betting on the US at the Olympics is one of the most patriotic ways to bet your money and all of the major online sportsbooks offer Olympic odds on the USA.
Sites like Bovada even have futures odds on the Olympics in categories like most gold medals won or most medals overall. While the USA has not led the gold medal count in any of the last six Winter Olympics dating back to Nagano 1998, they have finished top-5 every single year. Still, 9.5 seems to be the magic number, as the US has won 9 or 10 gold medals in 2018, 2014, 2010, 2006, and 2002.
While the USA is projected to be near the top for most medals won, those betting on the Winter Olympics can also choose to take over-unders for every country's Olympic medal count. Germany and Norway are generally the two best Winter Olympic countries, having won the most gold medals (or most medals overall) in five of the last six Olympics.
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.
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 bobsled 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.
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’re in the US and plan on following the games on television, online sportsbooks will have plenty of Beijing 2022 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 sports wagering lounges across the US, Olympic betting fans will have the option to bet in person but we believe the best option for betting on the Winter Olympics is using sites like Bovada, SportsBetting, and BetOnline.
- Accepts US Players
- Tons of Games
- Deposit/Withdraw with Bitcoin
- Massive Bonus!
- No DE, MD, NJ, NY, NV
- Higher Fees
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 2022 Beijing Winter Olympics at Bovada, you 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, New York, or Nevada.
- Accepting US Bettors
- Crypto Deposits/Withdrawals
- Hefty Bonuses
- Great Props
- Some Withdrawal Fees
- High Rollovers
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 Beijing 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 Beijing Games, SportsBetting should also be on your list of contenders.
- Best Crypto Site
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- Not Accepted in Some States
- Wire Transfer Require $500 Min.
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 Winter Games, there are plenty of team events that are conducive to in-game betting. Olympic sports like Alpine Skiing and Bobsled will have plenty of live betting, and there’s no better book to enjoy this popular phenomenon than BetOnline.
Beijing 2022 Winter Olympics Events & Schedule
|Alpine Skiing||Feb 6-11||11 Discipline|
|Biathlon||Feb 5-19||11 Disciplines|
|Bobsleigh||Feb 13-20||4 Disciplines|
|Cross-Country Skiing||Feb 5-20||12 Disciplines|
|Curling||Feb 2-20||3 Disciplines|
|Figure Skating||Feb 4-20||5 Disciplines|
|Freestyle Skiing||Feb 3-19||13 Disciplines|
|Ice Hockey||Feb 11-20||3 Disciplines|
|Luge||Feb 5-10||4 Disciplines|
|Nordic Combined||Feb 9-17||3 Disciplines|
|Short Track Speed Skating||Feb 5-16||9 Disciplines|
|Skeleton||Feb 10-12||2 Disciplines|
|Ski Jumping||Feb 5-14||5 Disciplines|
|Snowboard||Feb 5-15||11 Disciplines|
|Speed Skating||Feb 5-19||14 Disciplines|