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Summer Olympics Betting

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Summer Olympics are just around the corner and, this year, the host will be France. A spectacular summer awaits the sports fans and, of course, punters who eagerly await to bet on this event. Learn how to start with Summer Olympics betting, which sites offer the best odds, and what markets are available.

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Summer Olympics Sneak Peek 

The 2024 Summer Olympics will start on 26 July with a grand opening on the river Seine. This will be the first time that the Olympic Games opening ceremony will be held outside of the Olympic stadium. Afterwards, you can expect daily sporting events up until the closing ceremony on 11 August.

Over 10,000 athletes from all around the world will compete in more than 300 disciplines and 32 sports during this year’s Olympics. Some events, introduced at the 2020 Tokyo Olympics, will see their return in this edition, with the addition of breakdancing (or breaking) as the newest Olympic sport.

Of course, the competitions will be televised, and you’ll be able to follow all the sports action in real-time via live streaming and TV broadcasts.

 

Paris 2024 Summer Olympics Betting

How To Choose the Best Site to Bet on the Summer Olympics 

As summer approaches, many bookies that offer sports betting will expand their portfolios to include the Summer Olympics. Picking your next destination for betting endeavours can become a little bit complicated, so you’ll need to take note of a few important factors like the sports offering, promotions, and payments.

Sportsbook Variety

First and foremost, you want to be able to bet on various sports and disciplines at the Olympics. There are over 300 events at the Summer Olympic Games, so the more the sportsbooks offer for betting - the better. But, it’s not just about the sheer number of sports available. You also need to check the offering of betting markets. That’s not limited to events themselves, but also for the whole Olympics, as you should be able to bet on medal tally and athletes beating world records.

Betting Promotions

We’d never shy away from a free bet, but it’s even better if the promotion is tied to a specific sporting event we want to be on. That’s why you should check whether the bookies offer promotions tied to the Olympics and whether they impose stricter rollovers for those free bets and bonuses. Even better is if you run into some unique promotions and ways to bet for free at those sites.

Banking Options

Similarly to the sportsbook variety, the best Summer Olympics betting sites should offer a variety of ways to reload your account. Maybe you prefer depositing via PayPal, Skrill, or other e-wallets instead of a credit card. What about the payment processing speed, are there any extra fees? Take all of that into account when browsing sportsbooks.

Summer Olympics Betting Odds

Olympic odds at online sportsbooks can be displayed in three different formats depending on the main market for that sportsbook - moneyline (American, decimal (European), and fractional (British).

Nowadays, decimal odds are the most common and they’re the easiest to understand. The higher the odds, the smaller the chance for the event to happen, but your winnings get higher as they’re multiplied by that number.

Bookies publish their odds in advance of the events and, as the first day of the Summer Olympics approaches, you’ll have more events to bet on. Odds can fluctuate due to various factors and can also vary across different sportsbooks, so you’ll need to shop around for the best odds. Also, check whether the betting site you’re placing your bets uses fixed odds, so you get the best deal possible.

 

Summer Olympics Betting

Top Betting Markets for the Summer Olympics

So, how can you Bet on the Paris Summer Olympics? There are several interesting markets to choose from:

  • To win gold: Sort of like betting on an outright winner, betting on who’ll win the gold is at the essence of Olympic games betting. This is available for every sport, making it the most versatile type of bet. Likewise, you can also just bet whether a nation will win a medal in a particular sport, great option if you’re after safer bets.
  • Medal count: Fans of futures betting should look into betting on medals. Specifically, the number of gold medals a country will win and the total number of medals for a single country. These are typically over/under bets, but you can also bet on which country will take home the most medals.
  • World/Olympic records: If there’s a time to see the world records broken it’s at the Olympics. Betting whether a record will get broken as well as which country is risky, but incredibly exhilarating when you win the bet.
  • Moneyline: Another simple bet is the moneyline, or picking the winner of an Olympic event. This can be anything from choosing the winner of the 100-metre sprint finals to the winner of the marathon, as well as betting on team sports like volleyball and tennis.
  • Point spread: Score-based sports at the Olympics are ripe for point spread betting. Instead of betting on the winner, you just try to guess the point difference between the competitors or teams.

Obviously, the exact markets will depend on the site you’re betting at as well as each individual discipline, but what thing’s for certain - there’s never a lack of choices when betting on the Summer Olympics.

Most Popular Sports to Bet On 

With the Olympics, one thing’s for certain - there’s never a deficit of events to bet on. The Paris Olympics will have a bit fewer events than the 2020 Tokyo Olympics, specifically, they’ll lack the karate and baseball/softball events. On the other hand, four new sports are included now since being introduced at the Tokyo Olympics - surfing, skateboarding, breaking, and sport climbing.

At the 2024 Summer Olympics, athletes will compete across 32 sports and 329 events, with the most notable being:

  • Archery
  • Athletics
  • Badminton
  • Basketball
  • Boxing
  • Breaking
  • Canoeing
  • Cycling
  • Diving
  • Equestrian
  • Fencing
  • Field hockey
  • Football
  • Golf
  • Gymnastics
  • Handball
  • Judo
  • Modern penthatlon
  • Rowing
  • Rugby
  • Sailing
  • Shooting
  • Skateboarding
  • Sport climbing
  • Surfing
  • Swimming
  • Synchronised swimming
  • Table tennis
  • Taekwondo
  • Tennis
  • Triathlon
  • Volleyball
  • Water polo
  • Weightlifting
  • Wrestling

All these events have competitions for both men and women. Some of them, like tennis, have additional disciplines for doubles, or variations like slalom and sprint in canoeing.

Betting Tips and Strategies for Summer Olympics

Aside from picking what sports to bet on, you ought to come prepared for the dynamics of Olympics betting. Such a fast-paced event requires some tactics and planning if you were to get the most out of it.

Most strategies for betting on non-Olympic sports can be applied to the Summer Olympics, too. So, if you’ve already gotten some experience with betting on the annual football and tennis tournaments, you can carry your experience and betting habits to this event.

This means you shouldn’t make blind bets on just about any event. Good research goes a long way, so learning about participants and this year’s favourites can help you make better decisions when creating a betting slip. Get acquainted with all the events you want to bet on, especially events that aren’t traditionally available for year-round betting, like pentathlon and athletics betting.

Injuries and weather play a significant part when betting on the Summer Olympics 2024. Since the competition is being held in continental Europe and most events are set in the outdoors, high heat and sudden rain heavily impact the athletes’ performance. Injuries are pretty common for the Olympics, too, considering athletes push themselves to the absolute limits.

Finally, play within your limits and keep track of your bankroll. This is especially important with live betting as the competitive spirit of the Games can easily carry you away.