Best Olympics Betting Sites – A Complete 2024 Olympic Games Betting Guide

The best Olympics betting sites provide you with an opportunity to wager on the 2024 Games in Paris. With lots of action and excitement anticipated in the Games, these sites give you a chance to join in on the fun and earn sizeable profits.

Read on to discover the best sportsbooks for Olympic betting this summer. Also, you’ll find out what the Olympics is about: its history, main events, wagers to explore, betting strategies to improve your chances of success, and much more.

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List of the Best 2024 Olympics Betting Sites

Join in on the Summer Games fever by placing Olympic bets using the top 10 Olympic betting sites in the United States. These offshore sportsbooks are fully licensed, available to all US residents, and safe to play.

  1. BetOnline – Best Overall Olympic Betting Site in 2024
  2. Bovada – Request Olympic Bets Using #WhatsYaWager
  3. MyBookie – Widest Coverage of Olympic Sports
  4. BetUS – Biggest Welcome Bonus for Olympic Betting
  5. Sportsbetting.ag – Olympic Site with the Fastest Payouts
  6. Everygame – Best Mobile Interface & Parlay Bonuses
  7. TG Casino – Olympic Sportsbook Available on Telegram
  8. XBet – Stacked Olympic Betting Markets & Several Deposit Bonuses Available
  9. BUSR – Most Competitive Odds for Olympic Sports
  10. Jazz Sports – Free Wagers on Olympic Live & Prop Betting Markets

Best 2024 Olympics Betting Sites Reviewed

What sets these Olympics betting sites apart from the rest? We’ll discuss the unique features and offerings available at the top 5 picks.

1. BetOnline – Best Overall Olympics Betting Site in 2024

  • Established: 2004
  • License: Panama Gaming Control Board
  • Olympic Festival Events Covered: 3×3 basketball, athletics, basketball, cycling, handball, hockey, rugby, soccer, swimming, tennis, volleyball, and water polo
  • Restricted States: N/A

BetOnline Olympics betting site

BetOnline is the best site for Olympic betting in the United States, and rightly so. The sportsbook welcomes you with a user-friendly interface that makes navigating through multiple Olympic sporting events easy. Also, the intuitive layout allows you to quickly find your preferred markets and place bets with ease.

There’s no shortage of excitement on BetOnline, as the site provides lines for 12 Olympic events. These include 3×3 and regular basketball, athletics, cycling, handball, hockey, rugby, soccer, swimming, tennis, volleyball, and water polo. Moneyline, spreads, and totals are available for most of these events.

To spice things up even more, BetOnline offers exciting props bets and futures markets like Gold Medal Totals (Over/Under), Medal Totals, To Win Most Gold Medals, and To Win Most Medals. In addition, when Olympic betting on this site, you can get extra wagering funds by claiming several new and returning customer promotions, including free wagers on the live and prop betting markets.

Pros
  • Covers 12 Olympic sporting events
  • User-friendly and intuitive interface
  • Exciting props and Olympic futures odds & markets
  • New and returning customer promotions
  • Panama gaming license
Cons
  • No e-wallet options like PayPal

 

2. Bovada – Request Olympic Bets Using #WhatsYaWager

  • Established: 2011
  • License: Curaçao eGaming
  • Olympic Festival Events Covered: Athletics, basketball, breaking, cycling, field hockey, surfing, and swimming
  • Restricted States: DE, MD, NV, NJ, and NY

Bovada Olympics betting site

Established in 2011, Bovada is another top destination for Olympic betting enthusiasts in the United States. As one of the most reliable sites, the sportsbook boasts a license from the reputed Curaçao jurisdiction. The platform supports only secure payment options, ensuring all your transactions and banking details are safe.

With Bovada, you can wager on seven Olympic summer and winter games, including athletics, basketball, breaking, cycling, field hockey, surfing, and swimming. You can predict which nations will win the most medals/gold medals or explore head-to-head betting, where you get to choose which one of two teams will win more medals.

Additionally, this Summer Olympic betting site also features special markets like Men’s 100m World Record To Be Broken?, Men’s 400m Hurdles World Record To Be Broken?, Women’s 200m World Record To Be Broken?, and Total World Records Broken. Moreover, if you cannot find your preferred wager on Bovada, you can request it on X (Twitter) using #WhatsYaWager.

Pros
  • Reputed Curaçao license
  • Secure payment options
  • Odds on 7 Olympic Summer and Winter games
  • Special betting markets
  • Request custom bets with #WhatsYaWager
Cons
  • Restricted in some US states

 

3. MyBookie – Widest Coverage of Olympic Sports

  • Established: 2014
  • License: Curaçao eGaming
  • Olympic Festival Events Covered: 3×3 basketball, athletics, basketball, beach volleyball, handball, field hockey, rugby sevens, soccer, surfing, swimming, tennis, volleyball, and water polo
  • Restricted States: N/A

MyBookie Olympics betting site

We were particularly impressed with MyBookie’s coverage of Olympic events, up to 13, including popular sports like Athletics, Basketball, Soccer, Swimming, and Tennis. Additionally, niche options like 3×3 basketball, beach volleyball, surfing, and water polo are available.

The site’s customer support also deserves a mention. The support team, which can be reached 24/7 via phone, chat, and email, provides prompt and helpful responses to all queries. Payment is seamless, as deposits are processed instantly, and payouts are within 48 hours.

The Olympic betting site also doesn’t fall short in the promotions department. In addition to welcome promos and reload offers, MyBookie offers a rewarding loyalty program that provides exclusive perks to returning players.

Pros
  • Coverage of 13 Olympic events
  • High credit card acceptance rate
  • 24/7 customer support via phone, email, and chat
  • Rewarding VIP program
  • Payouts within 48 hours
Cons
  • Contests are available but don’t feature the Olympic Games

 

4. BetUS – Biggest Welcome Bonus for Olympic Betting

  • Established: 1994
  • License: Mwali, Comoros Union
  • Olympic Festival Events Covered: Cycling, handball, rugby sevens, surfing, tennis, volleyball, and water polo
  • Restricted States: N/A

BetUS Olympics sportsbook

One of the oldest sites for betting on the Olympics online, BetUS, was launched in 1994 and is fully licensed in Central America, the Netherlands Antilles, and the Island of Mwali. The sportsbook covers seven Olympic Tournament events: cycling, handball, rugby sevens, surfing, tennis, volleyball, and water polo.

You can find a range of betting lines on each of these sports, such as moneyline, spreads, handicaps, totals, props, and futures. You can also predict which athletes or countries will win the most medals or gold medals. Impressively, BetUS offers Odds Boosts to enhance the odds of these lines and a Prop Builder to create custom propp bets.

BetUS is an ideal gambling spot for new customers, who can claim the site’s mouthwatering welcome bonus worth 125% up to $2,000 on signing up. Subsequently, reload offers and a loyalty program can add extra funds to your bankroll.

Pros
  • A pioneer of sports betting in the US
  • Covers popular events like tennis, rugby, and volleyball
  • Odds Boost for enhanced Olympic odds
  • Prop Builder to create custom prop bets
  • Biggest welcome bonus
Cons
  • More Olympic betting lines can be added

 

5. Sportsbetting.ag – Olympic Site With the Fastest Payouts

  • Established: 2003
  • License: Panama Gaming Control Board
  • Olympic Festival Events Covered: 3×3 basketball, athletics, basketball, cycling, handball, hockey, rugby, soccer, swimming, tennis, volleyball, and water polo
  • Restricted States: N/A

Sportsbetting.ag Olympic games betting site

Boasting a Panama license, Sportsbetting.ag is another one of the best Olympic betting sites in the United States. We found that payment is seamless on this Olympics betting site, with the platform supporting multiple banking options. Whether you prefer cryptocurrencies, credit/debit cards, wire transfers, or e-wallets, the site has got you covered.

After making winnings on Sportsbetting.ag, you can receive your payout within minutes, which is another big appeal of the site. With a high deposit limit, early lines, and re-bet functionality as standard, this sharp sportsbook is great for high rollers, who can bet high and potentially earn big profits.

Like BetOnline, Sportsbetting.ag covers 12 Olympic Festival events, including athletics, basketball, rugby, soccer, and tennis. There is a wide range of betting markets to explore and competitive Olympics odds to maximize profits. Also, same game parlays, teasers, and if bets are readily available via the interactive slip, meaning you can easily add more strategies and excitement to your betting game.

Pros
  • Supports multiple payment methods
  • Payouts within minutes
  • Covers 12 Olympic events
  • Competitive Olympic odds
  • SPGs, Teasers, and If Bets are available
Cons
  • Doesn’t have a mobile app

 

Top Summer Olympics Betting Sites Compared

The table below shows the welcome bonus and Olympic betting markets available at our top 10 Olympic betting sites.

Sportsbook Welcome Bonus Promo Code No. of Events Covered Paralympic Markets
BetOnline $250 in free bets FREE250 12
Bovada 50% Up to $250 N/A 7
MyBookie 50% up to $1,000 MYB50 13
BetUS 125% up to $2,625 JOIN125 7
Sportsbetting.ag 100% up to $500 x2 DOUBLEUP 12
Everygame 50% up to $200 WELCOME200 3
TG Casino 200% rakeback bonus up to 10 ETH N/A 2
XBet $200 in free bets XBWELCOME50 13
BUSR 100% up to $2,500 SPORTS100FP 13
Jazz Sports 100% up to $2,500 JAZZ100 7

How We Select the Best Olympic Betting Sites

Below are the criteria we considered when curating our list of the best Olympics sportsbooks.

License & Security

We selected sites for Olympic betting that are fully licensed by reliable authorities and in reputed jurisdictions. These US sportsbooks boast solid security protocols like SSL encryption, 2-factor authentication, a secure payment gateway, and responsible gambling tools.

Events Covered & Range of Bets

Our featured sites for betting on the Olympics cover a wide range of Olympic events, including more popular ones and niche sports. Also, they provide a variety of wagers, such as moneyline, spreads, handicaps, totals, head-to-head betting, medal counts, props, and futures.

Bonuses & Promotions

We’ve handpicked sites for betting on the Olympics online that provide several lucrative promotions to give sports bettors extra wagering funds. These include welcome bonuses, reload offers, free bets, Olympic-special offers, a VIP program, and refer-a-friend schemes. We checked that all terms and conditions attached to the bonuses are reasonable.

Payment Methods

Our recommended Olympic betting sites support a variety of payment methods for deposits and withdrawals. These include debit/credit cards, bank transfers, e-checks, e-wallets, and cryptocurrencies. In addition, they provide instant payouts with low or no processing fees.

Betting via Mobile

We’ve selected Olympics betting sites with websites that are compatible with Android and iPhone. These sites feature user-friendly and intuitive interfaces, allowing users to navigate easily, find their preferred events, and make bet picks without hassle.

Customer Support

Our listed Olympics betting sites provide multiple channels to reach customer support, such as phone, live chat, and email. These channels are available 24/7, and representatives offer prompt and useful responses to queries.

When do the 2024 Summer Games Get Underway?

The highly anticipated 2024 Olympic Games will take place from July 26 to August 11, 2024, with a few competitions commencing on July 24.

The Games will be primarily hosted in Paris, France. This marks the third time the capital city has staged the Summer Olympics, having previously done so in 1990 and 1924. Additionally, events will be held at 16 other towns across Metropolitan France and one subsite in Tahiti.

The opening and closing ceremonies will take place at the Stade de France. Tennis games will be played at the Roland Garros Stadium, while football will be staged at seven venues, including Stade de Marseille and the Parc des Princes.

Most of the major games will be completed in August, with the women’s and men’s football finals scheduled to be played on the 9th and 10th, women’s and men’s basketball finals on the 10th and 11th, baseball on the 10th and men’s and women’s field hockey on the 8th and 9th.

Which Country has Won the Most Olympic Gold Medals

ates holds the record for the most Olympic gold medals. Ahead of the Games in Paris, the US has amassed a combined total of 1,175 gold medals at the Summer and Winter Olympic Festival.

The Soviet Union is the US’s biggest rival, winning 473 gold medals between 1952 and 1988. Close behind the USSR is Germany, with 305 gold medals to their name. Meanwhile, Great Britain, China, and France have secured a total of 296, 285, and 264 gold medals, respectively.

When it comes to the Summer Olympics alone, the United States remains the country with the most gold medals, a whopping 1,061 honors. Soviet Union and Great Britain follow behind with tallies of 395 and 284, respectively.

2024 Olympics Games Gold Medal Betting Odds

As the 2024 Summer Games in Paris draws nearer, sports fans are shopping around for the best Olympic odds on which countries will take home the most medals and gold medals in particular.

The table below shows the Olympic betting odds available at our number sportsbook, BetOnline. Find your preferred selection and proceed to wager for real money.

Country To Win Most Medals (Total) To Win Most Gold Medals
USA -2000 -600
China +1000 +400
Great Britain +5000 +10000
Japan +5000 +10000
France +10000 +5000
Italy +25000 +50000
Australia +25000 +25000
Germany +25000 +25000
Netherlands +35000 +15000
South Korea +100000 +100000

The above odds are taken from BetOnline, our number 1 site for Olympic betting.

A Brief History of the Olympic Games

The Olympic Festival, a tradition dating back to ancient Greece, is one of the world’s first-ever sports competitions. The festival, which celebrates global unity and cultural diversity, has seen many events and milestones over the years.

Let’s examine the major highlights of the modern Olympic Games, from Athens to the upcoming 2024 Paris Games.

Athens, Greece 1896

  • The first modern Olympic Festival is held in Athens, Greece, with 13 participating nations.
  • Spyridion Louis, a Greek shepherd, was the main star, winning the marathon.

Paris, France 1900

  • This is the first Games to feature women.
  • Golf, rugby, and croquet debut.
  • 24 nations make an appearance.

Berlin, Germany 1936

London, United Kingdom 1948

Melbourne, Australia 1956

  • The first Games to be staged in the Southern Hemisphere and Oceania.
  • Also the first Olympics to be held outside Europe and North America.
  • Nine teams boycott the Games for various reasons.
  • The ‘Blood in the Water’ water polo match between the Soviet Union and the defending champions Hungary takes place.
  • Equestrian events are introduced in Stockholm due to quarantine laws.

Rome, Italy 1960

Mexico City, Mexico 1968

  • First Olympics in Latin America.
  • Bob Beamon sets a world record in the long jump, jumping 8.90m. As of 2024, the jump remains the Olympic record and the second longest in history unassisted by wind.
  • Drug testing is introduced.
  • Tommie Smith and John Carlos’s Black Power salute during the medal ceremony.

Munich, Germany 1972

  • The second Olympics to be held in Germany was overshadowed by the tragic Munich massacre.
  • Mark Spitz wins seven gold medals in swimming.
  • Soviet gymnast Olga Korbut wins three gold medals and captured the hearts of many.

Moscow, USSR 1980

  • Boycotted by the Team USA and other nations because the Soviet Union invaded Afghanistan.
  • Aleksandr Diyatlin becomes the first athlete to win eight medals in one Olympic.
  • Sebastian Coe and Steve Ovett’s middle-distance running rivalry.

Los Angeles 1984

  • Carl Lewis equals Jesse Owen’s 1936 performance, winning four gold medals.
  • Nawal El Moutawakel of Morocco becomes the first female Olympic champion from a Muslim nation.

Barcelona, Spain 1992

  • Known for the Dream Team in basketball, featuring Michael Jordan, Larry Bird, and Magic Johnson.
  • Unified Germany competes as one nation for the first time since 1964.
  • Linford Christie wins the 100m, and Sally Gunnell secures gold in the 400m hurdles.

Beijing, China 2008

  • The Beijing opening ceremony is lauded by many as “the greatest ever in the history of the Olympics.”
  • Usain Bolt set world records in 100m and 200m.
  • Michael Phelps wins eight gold medals in swimming.
  • Shawn Johnson and Nastia Liukin dominate women’s gymnastics.

London, United Kingdom 2012

Rio de Janeiro, Brazil 2016

Tokyo, Japan 2020

  • First Olympics to be postponed due to the COVID-19 pandemic.
  • Skateboarding, climbing, and surfing are introduced.
  • Allyson Felix becomes the most decorated female track and field athlete.
  • Caleb Dressel wins five gold medals in swimming.
  • 13-year-old Sky Brown set a record as one of the youngest Olympic medalists in history by winning bronze in skateboarding.

What Sports/Events Can You Bet On During the Olympic Games

The Olympic Festivals feature a wide range of sports and events, providing a wealth of wagering opportunities at the best Olympic betting sites. Below, we look at the top 10 sports to bet on during the Summer Olympics.

Athletics

Athletics is also known as track and field. It features several exciting men’s and women’s events, such as sprints, distance running, hurdles, and relays, as well as field events, such as long jump, high jump, discus throw, and shot put. The sport has been a major part of the Olympics since the first modern Games in 1896. Usain Bolt and Carl Lewis are two athletes who have made history in the sport.

Basketball

This ball game, which debuted at the 1938 Olympics, is one of the most popular sports at the Olympics. The men’s and women’s tournaments are competitive, with the United States often dominating. Because of its fast pace and high-scoring games, basketball is a favorite for Olympic betting. You can place wagers on the moneyline, point spreads, total points, and game props.

Boxing

Boxing has been part of the Olympics since 1904. Participants compete in various weight classes. Each Olympic match consists of three rounds of three minutes each for men and four rounds of two minutes each for women. The sport’s unpredictable nature makes boxing betting an attractive option for gamblers at the best Olympic betting sites.

Cycling

Cycling has been a staple of the Olympics since 1896. The Olympic event includes various events such as track cycling, BMX, road races, and mountain biking. Olympic betting on cycling involves wagering on race winners, podium finishes, and team performance.

Soccer

Olympic soccer or football began in 1900 for men and 1996 for women. The tournament sees several national teams compete in a knockout format for gold, silver, and bronze. Sports bettors can predict the game winners, total goals, and tournament champions or place prop bets like the number of yellow cards, player to score first, and more.

Gymnastics

Divided into artistic, rhythmic, and trampoline, gymnastics is another popular event to explore when betting on Olympics online. This Olympic event has been a part of the Olympics since 1896, with gymnasts like Simone Biles becoming global icons through their performances in the sport.

Swimming

Swimming has been a major sport at the Games since 1896. It includes various events like backstroke, breaststroke, butterfly, and freestyle across various distances. American swimmer is the most successful and decorated Olympian of all time, with a total of 28 medals, including 23 golds. Katie Ledecky has also made a name for herself with seven Olympic gold medals.

Tennis

Tennis first featured at the Games in 1896, then took a hiatus before making a return in 1988. It features the best players from around the world competing for gold in singles, doubles, and mixed doubles. When Olympics tennis betting, you can wager on match winners, outright tournament champions, set betting, or prop bets.

Volleyball

Indoor Volleyball became an Olympic sport in 1964, while beach volleyball debuted in 1996. The fast-paced sport sees national teams compete in a round-robin format before proceeding to the knockout stages. Popular prop bets in this event include predicting the number of blocks or aces in a match.

Weightlifting

This Olympic staple has been a part of the Olympics since 1986, and it sees athletes compete in different weight categories. Popular bets to explore at Olympic sportsbooks include outright winners, individual lifts, and total weight lifted. Sports bettors can also wager on whether a lifter will complete all attempts successfully.

Other

  • Archery
  • Badminton
  • Baseball/Softball
  • Equestrian
  • Fencing
  • Field Hockey
  • Golf
  • Handball
  • Judo
  • Rugby Sevens
  • Shooting
  • Skateboarding
  • Surfing
  • Table Tennis
  • Taekwondo
  • Triathlon
  • Water Polo
  • Wrestling

Is Betting on the Special Olympics Possible via Online Sportsbooks

Yes, betting on the Special Olympics will be possible, but it is not widely available. Thankfully, our number 1 site, BetOnline, began providing betting odds on the Special Olympics in 2023. Below are the top events to wager on when Special Olympics betting at the best sites.

Do note, however, that as of July, 2024, none of our featured sportsbooks provide odds for the Paralympic Games, which is the event that takes place shortly after the conclusion of the Summer Games from August 28 – September 8.

  • Athletics
  • Basketball
  • Bocce
  • Cycling
  • Equestrian
  • Golf
  • Gymnastics
  • Powerlifting
  • Soccer
  • Swimming

Olympic Betting Odds – Understanding the Moneyline

Before betting on the Olympics, it’s important to understand how moneyline wagering works. Whether you’re a newbie or an experienced bettor, a good knowledge of moneyline odds will help you make better betting decisions.

At sites to bet on the Olympics, moneyline odds tell you the likelihood of a particular outcome and the potential payout if it happens. Negative odds represent the sportsbook’s favorites, while positive odds are assigned to the underdogs. If both teams or players have negative odds, the one with a larger negative number is more favored to win. These dynamics work for all sports at the Summer Games.

Tennis Olympics moneyline odds

Using Olympic tennis to illustrate, take a look at MyBookie’s odds for a game between Arthur Fils and Roman Safiullin, as shown above. Fils has negative moneyline odds (-134), meaning the Frenchman is the sportsbook’s favorite to win. If you bet $134 on Fils and he wins, you’ll win $100 in profit.

On the other hand, Roman Safiullin’s positive odds (+105) indicate he’s the underdog. If you bet $100 on the Russian and he wins, you’ll win $105 in profit.

Some sports like soccer, field/ice hockey, and rugby sevens offer 3-way moneyline bets, where you can bet on Team A to win, Team B to win, or the match to end in a draw.

Soccer Olympics moneyline odds

For the Olympic soccer game between Morocco and Argentina shown above, you can wager on Morocco to Win, Argentina to Win, or both teams to draw. If you bet $100 on a draw and the match ends in a tie, you’ll win $285 in profit.

What Types of Wagers Can You Make at an Olympic Games Sports Betting Site?

The best Olympic betting sites provide a variety of betting markets for sports bettors to explore. Below, we’ll look at popular bet types you can make when betting on the Olympics.

Moneyline

This is the most straightforward wager in Olympic betting. It involves betting on which country or athlete will win a specific event. You may bet on which nation will win in a basketball game between Team USA and Spain or which athlete will win the men’s 100m sprint.

Basketball Olympics moneyline odds

Spread

Spread betting means betting on whether an athlete or team will win by a specific margin of points, goals, or time. For a successful bet, the favorite must win by more than the spread, while the underdog must either win outright or lose by less than the spread.

Basketball Olympics spread odds

Totals (Over/Under)

Here, you’re predicting whether a team or athlete will record more or less points, goals, or times in an event than a number set by the sportsbook.

Totals Olympic Betting

Medal Count Bets

This is a bet on the total number of medals (gold, silver, bronze) that a country will win. For example, betting on China to win over or under 30 gold medals.

Medal Count Bets Olympic

 

Exacta Bets

Exacta bets in Olympic betting involve predicting the exact order of finish for the top athletes or teams in an event.

Trifecta Bets

This is the same as exacta bets, but only for the top three finishers.

Head-to-Head Bets

Refers to a wager on the performance of one athlete or nation versus another. For instance, putting money on Germany to win more gold medals than Italy.

Head-to-Head Bets Olympic

Parlays

This wager allows you to combine multiple bets into a single wager during the Olympics. All selections must win for your parlay to payout, making it more difficult to land. However, the returns for a successful bet are usually massive.

Parlay Olympic Betting

Teasers

This is a type of parlay that gives sports bettors some flexibility. When building teasers, you can adjust the point spread bets or total in your favor in exchange for a lower potential payout. It’s a common wager in sports like Olympic soccer betting and basketball.

Futures

Also known as outright betting, futures involve betting on the outcome of events that will happen far into the future. Examples include:

  • Most Gold Medals by a Country
  • Total Medal Count for a Country
  • Winner of a Specific Event
  • Total Gold Medals by an Athlete

Futures Summer Olympic

Props

These are bets on specific events within an event that may or may not directly impact the final outcome. Examples include:

  • National Anthem Length
  • Will a World Record Be Broken?
  • Will Simone Biles Win Gold?
  • Will Team USA win more than 10 gold medals in swimming?
  • Athlete to break the most records
  • Event with the highest TV ratings
  • Most decorated athlete of the Games
  • First event to end in a tie
  • Athlete to carry the flag for the opening ceremony

Props Olympic Games

Summer Olympics Betting Tips: Bring Home the Gold Betting Online

Although there are no guarantees when Summer Olympics betting, certain strategies can help increase your chances of winning. We’ll discuss five tested and trusted tips that can assist you in making informed bets and boost your chances of success.

1. Do Your Research

Knowing the current form of athletes and teams can give you an advantage before betting on the Olympics. Read up on statistics on recent performances, check out injury reports, and research history in similar events.

For example, an athlete with an impeccable record in the Diamond League will likely deliver a solid performance in Olympic track and field events.

2. Bet on Proven Champions

Over the years, top nations and athletes are known to consistently win medals in similar events at multiple Olympic Games. So, it could be a wise idea to bet on proven champions in the Games.

For example, Usain Bolt secured gold medals in the 100m, 200m, and 4x100m relay during the 2008, 2012, and 2016 Olympics. Michael Phelps also won gold in similar events in 2004, 2008, 2012, and 2016.

3. Consider Home Advantage

At the Olympic Games, the host country usually performs better than usual, thanks to familiar conditions and crowd support.

For example, Japan’s athletes were in fine form in the Tokyo 2020 Olympics, exceeding expectations in numerous sports. They won 27 gold medals, surpassing their tally of 16 in 1964 and 2004.

4. Monitor Weather Conditions

Weather conditions affect athletes’ performances and the scheduling of events during the Olympics. The 2016 Rio de Janeiro Summer Olympics saw strong winds that affected many sailing and rowing events. Rain also impacted athlete performances during track and field events.

So, it goes without saying that checking the weather conditions leading up to an event before wagering can help you make more informed decisions.

5. Leverage Bonuses & Promotions

The best Olympic betting sites provide a range of promotions to both new and returning players. Popular ones include welcome bonuses, reload offers, free bets, cashback, and VIP programs.

Claiming these bonuses when Olympic betting can give you extra wagering funds and increase your chances of success.

Summer Olympic Games – Complete Event Calendar

Below is a schedule of the major events set to take place daily at the 2024 Summer Olympics in Paris. Mark these dates on your calendar and prepare your wagers ahead of time.

Date(s) Event Location Betting Notes
July 26, 2024 Opening Ceremony Outdoors along the banks of the River Seine Host country usually performs well
July 27, 2024 Swimming (Heats) Paris La Defense Arena Pan Zhanle is BetOnline’s favorite for Men’s 100m Freestyle Gold at -115
July 28, 2024 Badminton Group play stage La Chapelle Arena N/A
July 29, 2024 Artistic Gymnastics (Men’s Team Final) Bercy Arena N/A
July 30, 2024 Swimming (Heats, Semifinals, and Finals) Paris La Defense Arena Mollie O’Callaghan is BetOnline’s favorite for Men’s 100m Freestyle Gold at -115
July 31, 2024 Surfing Men’s & Women’s Gold Medal Matches Teahupo’o, Tahiti Gabriel Medina and Vahine Fierro are the Men’s and Women’s favorites
August 1, 2024 Swimming (Women’s 200m Butterfly Final, Women’s 200m Breaststroke Final & Men’s 200m Backstroke Final) Paris La Defense Arena N/A
August 2, 2024 Men’s Soccer Quarterfinals Multiple Venues N/A
August 3, 2024 Women’s 100m Final Stade de France Sha’Carri Richardson is BetOnline’s favorite to win at -150
August 4, 2024 Men’s 100m Final Stade de France Kishane Thompson is BetOnline’s favorite to win at +160
August 5, 2024 Men’s & Women’s Badminton Singles Gold Medal Match La Chapelle Arena N/A
August 6, 2024 Women’s 200m Final, Men’s 1500m Final, Men’s Long Jump Final & Women’s 3000m Steeplechase Final Stade de France N/A
August 7, 2024 Men’s 400m Final & Men’s Boxing 80kg Final Stade de France & Roland-Garros Stadium N/A
August 8, 2024 Men’s 200m Final & Men’s Hockey Gold Medal Match Stade de France & Yves-du-Manoir Stadium Belgium is BetOnline’s favorite at +325 to win Men’s Hockey
August 9, 2024 Men’s Soccer Gold Medal Match Parc des Princes France are BetOnline’s favorites at +250
August 10, 2024 Men’s Basketball Gold Medal Game Bercy Arena USA are BetOnline’s favorites at -450
August 11, 2024 Women’s Basketball Gold Medal Game Bercy Arena USA are BetOnline’s favorites at -1250

Expert 2024 Olympic Games Betting Picks

At SportsTalkPhilly, we’ve picked out three top Olympic Games betting picks for you after extensive research and analysis. Let’s discuss these selections below.

Kishane Thompson to Win Gold in Men’s 100m Sprint

Now that the greatest sprinter of all time, Usain Bolt, is retired, we have to look at other contenders for the Men’s 100 sprint at the Olympics. Kishane Thompson is one athlete who has caught the eye ahead of the 2024 Paris Olympics.

The Jamaican sensation recorded 9.82 seconds for the 100 meters in the opening round of the Jamaican Olympic trials in June. Then, he ran a new personal best in the subsequent final – 9.77 seconds to win the Jamaican national title. In such stellar form, we expect Thompson to comfortably win Gold in the Men’s 100m sprint. You can find this bet on BetOnline at +160.

Carlos Alcaraz to Win Men’s Singles Gold Medal in Tennis

Ranked world no. 3 in ATP ahead of the 2024 Olympics, Carlos Alcaraz is a top favorite to secure gold in men’s singles. The Spaniard has been outstanding recently, securing major titles like the 2022 US Open, the 2023 Wimbledon Championships, and the 2024 French Open.

Looking to feature in his maiden Olympic Games in 2024, Alcaraz has the ability to win a singles gold at the first time of asking. You can back the 21-year-old to win this event on BetOnline at +125.

USA to Win Men’s Basketball Gold Medal

The United States is a surefire favorite to win the Men’s Basketball Gold Medal. They have been consistent in the tournament, winning gold in 1992, 1996, 2000, 2008, 2012, 2016, and 2020.

Currently ranked first in the FIBA World Rankings, the US boasts world-class players like Steph Curry, Anthony Edwards, Jayson Tatum, three-time Olympic champion Kevin Durant, and the NBA‘s all-time scoring leader, LeBron James. You can back the USA to secure their fifth consecutive gold medal on BetOnline at -450.

Olympic Games Betting Apps & Mobile Wagering

BetOnline mobile site for Olympic betting

In 2023, around 81.6% of Americans owned a smartphone, and the number of global smartphone users is projected to reach 7.52 billion by 2026. These numbers highlight the increasing use of mobile apps for various activities, including sports betting. Given the high volume of events and time zone differences during the Olympic Games, the ability to bet on the go is essential, and betting apps offer exactly this.

With these sports betting apps, you get to bet on a variety of Olympic Games anytime, anywhere. Also, you’ll enjoy wagering on an intuitive, interactive interface with seamless live betting, exclusive promotions, real-time odds updates, and push notifications.

Although none of our featured Olympics betting sites have a downloadable app, they all have websites well-optimized for Android and iPhone. Additionally, you could add bookmarks of these sites to your phone’s mobile screen and use them like apps, ensuring a smooth and convenient wagering experience.

Advantages of Olympics betting apps
  • Bet on the Olympics anytime, anywhere
  • Real-time updates and live betting options
  • Push notifications for event updates
  • Exclusive bonuses and promotions
  • User-friendly interfaces
Disadvantages of Olympics betting apps
  • Smaller screen size may affect user experience
  • Risk of increased betting activity
  • Apps can take up significant storage space

How to Sign up at the Best Olympic Betting Sites

Ready to start wagering at the best Summer Olympics betting sites? Here, we’ll walk you through the quick, simple steps of signing up to a sportsbook, claiming a bonus, and placing a bet, using BetOnline as an example.

  1. Go to BetOnline

    Visit BetOnline using your preferred mobile or desktop browser. On the homepage, click the ‘JOIN’ button at the top-right corner of the screen to begin the registration process.
    Go to BetOnline
  2. Create an Account

    A registration form will appear right away. Fill it out with your details as requested. Then, click ‘Create Account’ to set up your betting account.
    Create an Account
  3. Deposit & Claim Bonus

    After logging into your newly-created account, you’ll be redirected to the Cashier page to deposit funds. Choose a payment method, enter your details, type in a minimum deposit amount of $55, and input the promo code ‘FREE250.’ On completing the transaction, you’ll receive $250 in free bets.
    Deposit & Claim Bonus
  4. Start Playing

    Navigate to the ‘Olympics’ section, choose your preferred events, make your bet selections, and proceed to place your first bet.
    Start Playing

Conclusion: Best Olympics Sports Betting Site Overall

From athletics and gymnastics to soccer and basketball, bettors have endless opportunities when betting on the Olympics. You can explore wagers like moneylines, spreads, props, and futures and win big payouts.

BetOnline is the best sportsbook for Olympic betting, thanks to its extensive selection of betting markets and competitive odds. The site offers live sports betting options, lucrative promotions, several payment methods, and 24/7 customer support for an enjoyable wagering experience.

Summer Olympics Betting FAQs

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Problem Gambling Resources

When betting on the Olympics, it’s important to practice responsible gambling. If you or someone you know is struggling with problem gambling, the following resources can provide support and assistance.

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