Olympic Betting Odds

The Summer Olympics are a sports bettor’s dream come true. This year, the major sporting event, officially called the Games of the XXXII Olympiad, will be held in Tokyo, Japan, from July 24, 2020, to August 9, 2020. 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, 2020 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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2020 Tokyo Summer Olympic Betting Odds

The Tokyo 2020 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.

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

2020 Tokyo Summer Olympic Betting Odds

The Tokyo 2020 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.

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 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.

British Fractional Odds

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

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.

Where To Bet On 2020 Summer Olympics In Tokyo

If you plan on attending the 2020 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 2020 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.lv
Tokyo 2020 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 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 2020 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.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 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.ag
Live Betting During The Summer Olympics In Tokyo

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 2020 Summer Olympics Events & Schedule

Archery July 24 - Aug. 1 1 Discipline
Aquatics July 25 - Aug. 9 5 Disciplines
Badminton July 25 - Aug. 3 1 Discipline
Baseball/Softball July 22 - Aug. 8 2 Disciplines
Basketball July 25 - Aug. 9 2 Disciplines
Boxing July 25 - Aug. 9 1 Discipline
Canoeing July 26 - Aug. 8 2 Disciplines
Cycling July 25 - Aug. 9 5 Disciplines
Equestrian July 25 - Aug. 8 3 Disciplines
Fencing July 25 - Aug. 2 1 Discipline
Football (Soccer) July 22 - Aug. 8 1 Discipline
Golf July 30 - Aug. 8 1 Discipline
Gymnastics July 25 - Aug. 9 3 Disciplines
Handball July 25 - Aug. 9 1 Discipline
Hockey July 25 - Aug. 7 1 Discipline
Karate Aug. 6 - Aug. 8 2 Disciplines
Modern Pentathlon Aug. 6 - Aug. 8 1 Discipline
Rowing July 24 - July 31 1 Discipline
Rugby July 27 - Aug. 1 1 Discipline
Sailing July 26 - Aug. 5 1 Discipline
Shooting July 25 - Aug. 3 3 Disciplines
Skateboarding July 26 - Aug. 6 2 Disciplines
Sport Climbing Aug. 4 - Aug. 7 1 Discipline
Surfing July 26 - July 29 1 Discipline
Table Tennis July 25 - Aug. 2 1 Discipline
Taekwondo July 25 - July 28 1 Discipline
Tennis July 25 - Aug. 2 1 Discipline
Track & Field July 31 - Aug. 9 3 Disciplines
Triathlon July 27 - Aug. 1 1 Discipline
Volleyball July 25 - Aug. 9 2 Disciplines
Weightlifting July 25 - Aug. 5 1 Discipline
Wrestling Aug. 2 - Aug. 8 2 Disciplines