What to Bet on During the Tokyo Olympics

Alex Jones
22 Jul 2021
04:25
What to Bet on During the Tokyo Olympics

The Olympics started this Wednesday with women’s football and softball, as it was scheduled. But the opening ceremony will be this Friday when athletes from all over the world will raise their nation’s flag. Women’s football started with a surprise from Sweden that beat USA 3-0, and Netherland offered a true spectacle at Miyagi Stadium (Miyagi) with a 3-10 win against Zambia. It seems that the Olympic Games will offer us more spectacle in the coming days. Betting on the Olympics is open for the first time to millions of Americans this year. And for everyone looking to place a bet on betting platforms, there are many betting markets out there.

But what can you bet during the Olympics?

There are 33 sports, 50 disciplines, and unlimited betting options on the biggest betting sites like 1xbet, Bet365, and William Hill.

The most common bet is: “Total Gold Medals.”

It focuses on the number of gold medals each country will win.

Country Nr. of Medals Over Under
USA 45.5 2.50 (6/4) 1.50 (1/2)
China 36.5 1.83 (5/6) 1.83 (5/6)
Great Britain 13.5 1.50 (1/2) 2.50 (6/4)
Germany 13.5 2.10 (11/10) 1.66 (4/6)
South Korea 10.5 1.80 (4/5) 1.90 (10/11)
Australia 12.5 1.80 (4/5) 1.90 (10/11)

USA, as always, is the main contender to win the most gold medals. In the Olympic Games of 2016, they got 46 gold medals, 37 Silver, and 38 Bronze. Great Britain followed them with 27 gold medals, 23 Silver, and 17 Bronze. USA to gain most medals this year has 1.083 odds (1/12), followed by China with 7.50 odds (13/2) and Russia (ROC) with 41.00 odds (40/1). Some of the betting markets will be closed on July 23. But there are more betting options that you can place after July 23.

Most popular odds

Olympics 2020 Basketball – Men – To win outright

  • USA – 1.20 (1/5)
  • Spain – 11.00 (10/1)
  • Australia – 13.00 (12/1)
  • France – 19.00 (18/1)
  • Slovenia – 21.00 (20/1)

Olympics 2020 Basketball – Women – To win outright

  • USA – 1.10 (1/10)
  • Australia – 17.00 (16/1)
  • France – 23.00 (22/1)
  • Spain – 26.00 (25/1)
  • Serbia – 26.00 (25/1)

Olympics 2020 Swimming – Men – 200m Freestyle

  • Danas Rapsys – 4.00 (3/1)
  • Duncan Scott –4.50 (7/2)
  • Tom Dean– 5.50 (9/2)
  • David Popovici– 6.00 (5/1)
  • Katsuhiro Matsumoto – 7.50 (13/2)

Olympics 2020 Swimming – Women – 400m Freestyle

  • Katinka Hosszu – 1.66 (4/6)
  • Yui Ohashi – 4.25 (13/4)
  • Emma Weyant – 6.00 (5/1)
  • Hai Flickinger – 8.00 (7/1)
  • Sydney Pickrem– 15.00 (14/1)

Olympics 2020 Athletics – Men – To win 100m

  • Trayvon Bromell – 2.00 (1/1)
  • Ronnie Baker – 6.50 (11/2)
  • Akani Simbine – 7.00 (6/1)
  • Andre de Grasse – 10.00 (9/1)
  • Fred Kerley – 13.00 (12/1)

Olympics 2020 Athletics – Women – To win 100m

  • Shelly-Ann Fraser-Pryce – 1.72 (8/11)
  • Elaine Thompson – Herah – 3.00 (2/1)
  • Dina Asher-Smith – 6.00 (5/1)
  • Shericka Jackson – 11.00 (10/1)
  • Marie-Josee Ta Lou– 15.00 (14/1)

For the first time in the Olympic Games, you will enjoy Skateboarding

Street- To win outright - Men

  • Nyjah Huston – 1.80 (4/5)
  • Yuto Horigome – 2.75 (7/4)
  • Sora Shirai – 12.00 (11/1)
  • Aurelien Giraud – 12.00 (11/1)
  • KelvinHoefler – 17.00 (16/1)

Street- To win outright - Women

  • Pamela Rosa – 2.30 (13/10)
  • Aori Nishimura – 4.5 (7/2)
  • Rayssa Leal – 4.5 (7/2)
  • Leticia Bufoni – 7.5 (13/2)
  • Momiji Nishiya – 15 (14/1)

For more odds, you can check the following betting sites: Bet365, 1xBet, and William Hill.

  • Olympic Props

Olympic Props stands for proposition bets, where you can place a bet on the performance of individual athletes like top goal scorer (football), top points scorer (basketball), how many individual events a swimmer will win, etc.

  • Parlays

With parlay bets, you can combine multiple bets on a single ticket, which pays out much more than hitting each wager individually. However, the chances to win are lower than betting on a single athlete/team.

  • Live Betting

Most of the events will be in live betting sessions, so you can take advantage of updating odds while competition unfolds. Live betting allows bettors to get different totals, spreads, and odds than the opening and pre-game numbers.

  • Olympics Betting Tips

Before placing a bet, we suggest you do some research about athletes/teams first. On our site, you will find previews or predictions for many sports, from where you can collect a lot of information that may help you before placing a bet. We also suggest betting reasonably and not making bets under momentary emotion. Bet on sports you feel more confident about and have fun while you are playing. 

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