Olympic Basketball Betting Odds For Tokyo 2020
As the odds have been released, many are looking at the Olympic basketball betting odds for Tokyo 2020 without the knowledge of how to bet them. Yes, the United States has states that have legalized sports betting, but not every state offers these services. Worry not, as that is what we are here to provide: a background of the basketball events at the Tokyo Olympics as well as guide to getting started betting on the Olympics. We cover topics such as its legality, locations to getting started, and the events’ rules, without going into too much detail.
At the end of the guide is a brief overview of the schedule for the basketball events. Included are the days of importance, such as medaling days and victory ceremonies. Also, be sure to check out the review of one of our favorite online sportsbooks that accept US residents. This also contains a promotional code which can be used to boost your account balance when you make your first deposit. As we progress towards the start of the 2020 Tokyo Olympics, we will keep this page updated with the current odds and reflect on any news that influenced the changes.
Quick Facts On Olympic Basketball – Tokyo 2020
- It was only back in the 1992 Olympic Games that professional players were allowed to compete.
- With the change, NBA stars Michael Jordan and “Magic” Johnson formed the “Dream Team.”
- The United States has won the gold medal 15 of the total 19 times basketball has been played at the Olympics.
- Only the 1980 Olympics have seen the US Men’s Olympic basketball team not win a medal.
- Tokyo 2020 Olympics will mark the 20 year anniversary that Vince Carter jumped over the 7’2” French center, Frederic Weis.
Basketball Events Schedule - 2020 Tokyo Summer Olympics
Basketball is set up as bracket starting with the preliminary rounds starting on Sunday, July 26. Played at Saitama Super Arena, the men and women will alternate playing on every one of the days moving forward until the men’s quarterfinal takes place on Tuesday, August 4. The women will have their quarterfinals the next day, and the semifinals finish on that Friday. On Saturday, late-morning is when the men’s gold medal game is held. Afterward, the women will play their bronze medal game, ending the competitions with the men’s bronze medal game. The women’s gold medal game will be Sunday morning, the last day of the Olympics. Medaling ceremonies will be:
Saturday, August 8:
- Men's Gold Medal Game
Sunday, August 9:
- Women's Gold Medal Game
There is also the 3-on-3 basketball tournament as well. This event is held at Aomi Urban Sports Park. Men’s and women’s pool rounds begin the morning of Saturday, July 25. Games will be played daily until the quarterfinals begin on the night of Tuesday, July 28. The Men’s and women’s semifinals as well as the Bronze and Gold Medal Games will take place on the following night. The victory ceremonies are the final events for the night.
Wednesday, July 29:
- Men’s and Women’s Gold Medal Game
Is The United States The Favorite To Win The Gold Medal In Basketball?
The men’s team has been no stranger to medaling in the basketball events for the Olympics. In fact, there was only one Olympic Games that the men did not win a medal (1980) since basketball has been played at the games. While some sportsbooks are offering betting odds for who will win the gold, some have adjusted to having it between the US or the field. In short, yes the men are the favorite to win the gold at the 2020 Tokyo Olympics.
When looking elsewhere, the women are just as likely to win the gold; however, Australia has medaled in 5 of the last 6 Olympic Games. Placing an insurance bet on them wouldn’t be a bad idea. For 3-on-3 basketball, countries such as Serbia and Russia (for the men) and China and Ukraine (for the women) could pose a threat to the Americans.
Is It Legal To Bet On Team USA For Basketball During The 2020 Tokyo Olympics?
Even if you don’t live in a state that has legalized sports betting, you still have the legal ability to bet on the Olympics. Local sportsbooks are definitely an option; however, it is much easier to find more wagering styles, varied betting lines, and increased odds with the use of offshore betting sites. These sportsbooks, as long as they are located outside of the country and have a regulatory body overseeing their operations, are safe and legal to use. Some states will not be accepted under the operator’s terms and conditions but it is more likely than not that your state is one of the accepted ones. We recommend using Bovada, SportsBetting, 5Dimes, and BetOnline, as they have years of dedicated and positive experience, as well as excellent customer service, reliable payout options, and excellent promotions constantly running.
Current Betting Odds For Tokyo Olympic Basketball
The United States is heavily favored, as they are every year in Olympic basketball. Keep in mind that every site is different, so the odds that are posted will vary with every site. Using these variances is the perfect way to make some extra on your winnings or lose a little less on your losses. This is called shopping lines, which every smart gambler does before submitting action. While some sites are offering odds on the United States to win the gold, some have replaced the option to select either “Team USA” or “The Field”. As the different operators updated their odds, we will transfer that information to our page to ensure we are providing the most up-to-date information on basketball at the Tokyo Olympics.
Betting Odds At Bovada For Tokyo 2020 Olympic Basketball
2020 Odds Coming Soon
SportsBetting Tokyo Olympics Basketball Betting Odds
2020 Odds Coming Soon
What Are The Rules Of The Game?
The rules for the NBA are different from the rules for the Olympics, which follow the FIBA standards. The quarters are cut down to 10 minutes, having the game last for 40, not 49 minutes. The three-point line is set at 6.75 meters (22 feet) and the lane is extended in a diagonal fashion from the basket. Other than these slight variances, the same rules apply as far as scoring, penalties, and free throw shooting.
For the 3-on-3 competition, games last 10 minutes or until a team scores 21 points. The points are counted in 2s and 1s, not 3s and 2s, giving a major advantage to those who can shoot from distance. Free throws will also be worth 1 point.
How Can I Bet On Basketball During The 2020 Tokyo Olympics?
There are a ton of choices when it comes to betting on the basketball events during the Olympics in Tokyo. You will find betting lines and odds just as you would for an NBA game, giving you the option to take straight bets like the spread, over/under, and moneyline. With a game such as basketball, there are many stopping points which make live betting another option for you. Every offshore sportsbook has an in-play wagering feature that will allow you to keep betting as the game is being played.
Look into the futures bets before the basketball games begin, for this will likely be the best odds to win the gold medal that you will find. Taking a flier will really pay off here as well as securing the odds at the team that is favored to win.
Prop betting is another style that you can entertain at the Olympics. This is more of a situational bet rather than an outcome of the game. Player props may ask you if a certain player will score a certain number of points, while team props will gauge the focus around the team, such as giving a total number of turnovers. With multiple games, you will find there will be hundreds of prop bets offered with nearly every game.
Note that not all of these options will exist with your local sportsbook. The books that are licensed in a legal sports betting state must adhere to regulations, which differ from state to state. Using an offshore betting site will remove any of these possible restrictions, giving you the ultimate freedom to decide how you want to bet on the Tokyo Olympics.
As one of the best sports betting services in the industry, it should come as no surprise with a name so straightforward. SportsBetting has been in business for many years, having positive feedback from thousands of users. Not only do they secure your personal information, but your financial information also remains safe with their use of encrypted webpages. Jump on their mobile betting platform to gain the same benefits, which can be accessed by visiting their site from your phone.
With over a thousand Olympic basketball betting lines, SportsBetting doesn’t cut corners when it comes to what they offer. They also have constant promotions running that put a smile on your face before you even start betting. Currently, new members are given a 50% match (100% if you use cryptocurrency) on their first deposit, worth up to $1,000. Read the terms and conditions before applying the code, which is SB1000 and 100CRYPTO, respectively.