Summer Olympics 2024 Betting Odds

The Olympics is always causing a buzz among sports lovers and bettors. It’s a thrilling time, especially for those keen on placing bets, as the competition offers many exciting opportunities. In this article, we’ll delve into the betting world, exploring the key factors to consider when selecting the best Olympics betting sites.

Top 3 bookmakers for betting on Summer Olympics 2024
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Find the Best Place to Bet on Summer Olympics 2024
Jimmy E
It’s crucial to understand what makes a betting site stand out for Olympics wagering. There’s much to consider, from the variety of sports covered to the reliability of odds and ease of use. So, let’s dive into the essentials to ensure you’re well-equipped to make informed betting decisions when the time comes for the next Olympics.

The Best Betting Sites to Bet on the Olympics 2024

The Olympic Games is the world’s biggest and most prestigious sporting event, featuring a plethora of disciplines and numerous countries that send their best athletes to compete for the coveted Olympic medals. And considering how important the Olympic Games are, it’s not surprising to learn that all solid betting companies will offer 2024 Olympic odds.

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Much like the FIFA World Cup or the FIBA World Cup as 2 of the most popular events in their respective disciplines, the Olympic Games are watched by everyone worldwide and tend to be a big hit in the betting community. As a result, every betting company will offer odds on the 2024 Olympics, making it very simple to find a place and decide where to bet at the 2024 Olympic Games.

Yet, while all bookmakers will have 2024 Olympic odds, some sportsbooks do a much better job at it than others. In the same way, every bookmaker will have odds on the FIFA World Cup, but not every bookmaker will bet on the World Cup; the same applies to anyone looking to bet on the Olympics.

There are a few things to consider when looking for the best Olympics 2024 betting sites. That includes:

  • Safety & Reputation – all good Olympics 2024 betting sites will be safe, licensed, owned by reputable betting companies, and reliable.
  • Odds Quality – You want to bet on a sportsbook with the best 2024 Olympics betting odds, so consider using only bookmakers with competitive prices.
  • Market Offer – It’s important for a bookmaker to offer Olympic Games 2024 odds and have enough market coverage so you can bet on any sport and however you like.
  • Mobile App – availability of a mobile betting app is a huge plus, especially for those who want to place Olympics 2024 bets from their phones.
  • Banking Department – a solid banking department with enough deposit and withdrawal options, fast transactions, and low fees is very important.
  • Bonuses & Promotions – most betting companies will have various bonuses and promotions during the Olympics, but some will do a much better job with their offer.
  • Added Features – Features like live streaming and live betting markets are a huge plus and can usually be found on the best betting sites.

If you find one or many Olympics 2024 betting sites that check those marks, you’ve found a solid bookmaker where you can bet for the 2024 Olympic games. Remember to register with multiple bookmakers if you have a chance to do so, as this is the only way to gain access to the best Olympic Games 2024 odds.

How to Sign Up at 2024 Olympics Betting Sites

Signing up with 2024 Olympics sports betting sites is very straightforward and doesn’t take longer than a few minutes. You only need a stable internet connection, a computer or a smartphone, and preferably documents ready.

  1. Visit the Paris 2024 betting site you want to register with.
  2. Navigate to the “Sign Up” or “Register” button and start the registration process.
  3. Provide your desired username, password, and email address.
  4. Give all other details asked of you, including full name, address, date of birth, and additional information that the bookmaker asks of you.
  5. Complete the registration process.
  6. Check your email address for the verification link
  7. Open the link, and your account is ready to go.

Some bookmakers will ask you to complete the KYC verification upon registration, but most won’t. However, even if the Paris 2024 betting site you’re using doesn’t ask you to complete the KYC, it’s advisable since it will save you time.

Without the KYC verification, you won’t be able to withdraw your winnings. Since the verification can take a couple of days to complete, it’s much better to do it as soon as possible so that you can withdraw money without any issues.

Olympics 2024 Odds

Due to how popular the Olympic Games are, it’s no surprise to learn that every sportsbook, from traditional bookmakers to live betting sites, even great crypto bookmakers, will have Paris 2024 odds. That is mainly due to the massive demand for 2024 Olympic sports betting.

However, while it’s easy to find a platform where you can place Olympics Games 2024 bets and find betting odds on any sport at the event, it’s important to note that the quality of the offered Paris 2024 odds will vary from bookmaker to bookmaker. And yet there is no one best betting site where you can always place an Olympic Games bet at the best odds.

The offered odds for the Paris 2024 Olympics will vary from bookmaker to bookmaker, so bet365 could have the best team on the USA gymnastics team to win the next event, while William Hill will have better offers on the basketball event. And the next day, the situation could be reversed.

The betting odds constantly move, which leads to situations where you won’t be able to access the best odds by using just one bookmaker. Instead, you have to have accounts with more than one Paris 2024 betting site to hunt for the best offer on the game you want to bet on.

Olympics Historical Odds

Have a look at the past Olympics odds for different sports.

Men’s Olympic Sports Historical Odds

Sports Athlete / Team Country Odds
100 Meters Trayvon Bromwell USA +110
110 Meter Hurdles Grant Holloway USA -225
1500 Meter Timothy Cheruiyot Kenya -130
200 Meters Noah Lyles USA -165
3000M Steeplechase Soufiane El Bakkali Morocco +185
400 Meter Hurdles Karsten Warholm Norway -200
400 Meters Michael Norman USA -175
4x100M Relay USA USA -162
4x400m Relay USA USA -800
Decathlon Damian Warner Canada -162
Discus Daniel Stahl Sweden -3300
Golf Jon Rahm Spain +400
Hammer Throw Pawel Fajdek Poland +110
Handball Denmark Denmark +250
Javelin Johannes Vetter Germany -700
Long Jump JuVaughn Harrison USA +350
Pole Vault Armand Duplantis Sweden -500
Shot Put Ryan Crouser USA -300
Soccer Brazil Brazil +150
Street skateboarding Nyjah Huston USA +100
Swimming Michael Andrew USA +100
Table tennis Long Ma China +163
Trampoline Gao Lei China +140
Triathlon Kristian Blummenfelt Norway +600
Triple Jump Pedro Pablo Pichardo Portugal +150
Volleyball Poland Poland +175

Women’s Olympic Sports Historical Odds

Sports Athlete / Team Country Odds
100 Meter Hurdles Jasemine Camacho-Quinn Puerto Rico -175
100 Meters Shelly-Ann Fraser-Pryce Jamaica -120
1500 Meter Faith Kipyegon Kenya -300
200 Meters Gabby Thomas USA +150
3000M Steeplechase Beatrice Chepkoech Kenya +150
400 Meter Hurdles Sydney McLaughlin USA -275
4x100m Relay Jamaica Jamaica -350
5000M Sifan Hassan Netherlands -125
Basketball USA USA -1000
Discus Yaime Perez Cuba +250
Golf Inbee Park South Korea +600
Hammer Throw DeAnna Price USA -210
Heptathlon Nafissatou Thiam Belgium -175
High Jump Yaroslava Mahuchikh Ukraine +100
Javelin Lu Huihui and Christin Hussong China and Germany +275
Long Jump Britney Reese USA +275
Pole Vault Katie Nageotte USA +175
Shot Put Gong Lijiao China -225
Soccer USA USA +110
Triple Jump Yulimar Rojas Ven -600
Volleyball China China +210

Offers & Promotions

Every betting site has bonuses and promotions – some more and better promotions than others – but regardless, every sportsbook has some rewards for its customers. Bookmakers tend to offer plenty of bonuses and various proposals, particularly during important sporting events, so you can be sure that plenty will be up for grabs during the Paris Olympics.

When you register with a sportsbook, remember to check if it has any welcome bonus offers – which most do. These commonly come in the form of matched deposit bonuses of a certain % up to a certain amount.

Besides, you can expect most bookmakers to have bonuses for existing users, such as free bets, enhanced odds, Acca boosts, and insurance bets. But especially during the Olympics, you can expect a plethora of promotions.

Those can range from bonus payouts if a certain country wins a medal-specific promotion for certain disciplines, such as athletics, to many proposition betting opportunities. So especially during the Olympics, it pays to use the best 2024 Olympic sports betting sites with excellent bonuses and promotions.

Olympics 2024 Specials

When betting on the Olympics, you’ll encounter numerous betting markets and ways to bet on your favorite nation or athlete. The latter include mainly bets on countries and particular events. The Olympics have some of the most extensive betting markets, including all the traditional bets such as winner markets, point spreads, handicaps, and a plethora of props and specific wagers on any sport.

So if you plan to place Olympic Games 2024 bets, you can rest assured that there will be plenty of ways to do so – as long as you’re using a solid bookmaker.

Winners

The winner betting market is the most common and simplest to understand, available on all 2024 Olympic sports betting sites. As the name suggests, the winner bet allows you to bet on which team or athlete will win a certain event and acts much like a moneyline bet in football or any other sport.

The winners’ markets are also available in-play or ahead of time as outrights, where you can pick which of the favorites for the 2024 Olympics will win in athletics or any other medal event.

Due to its simplicity, the winner betting market is also popular among bettors who want to wager on their 2024 Olympics favorite.

Specific Sport

The Olympics is a sporting event featuring many sports and disciplines. If you’re using a solid Paris 2024 betting site, you can bet on any sport, from football to volleyball, basketball, surfing, and even archery, golf, and trampoline.

It’s important to note that less-popular sports such as surfing, trampoline, BMW, mountain bike, or modern pentathlon won’t have betting markets as readily available as football or hockey. But you can bet on your favorite for the 2024 Olympics, even for less-popular sports, on the best bookmakers.

Winning Countries

When betting on the Olympics, you’ll find not only Olympics 2024 odds on specific matches or which country will win any event, but you can also bet on the success of any country across all events.

For example, you can bet that the USA will win the most medals at the Olympics or that Australia will win more than China. Meanwhile, some bookmakers will have special markets allowing you to bet on the exact number of medals won by a country (for example, Japan under 4.5 awards).

The possibilities here are endless and only really come down to how many markets the bookmakers are willing to offer as a part of their proposition betting offer.

How to Bet on the Olympics 2024

Betting on the 2024 Olympics is very straightforward, and it’s very easy to put your 2024 Olympics predictions to the test as long as you live in a country where it’s legal to bet on sports, and you’re old enough to do so.

But there are a few things to remember and keep in mind before you start looking for the right Paris 2024 betting site and before you place your bets.

  • The first and most important step when betting on the Olympic Games is registering with a sportsbook. Many betting companies offer Paris 2024 odds, but you have to figure out which is the best for you.
  • Once you’ve decided which sportsbooks you’ll register with, consider adding a few more so you have multiple betting accounts, as only this way can you shop for the best 2024 Olympic odds and have as many markets as possible.
  • Preferably focus on one discipline, or don’t try to bet on them all. It’s better to focus on the sport you know most about, as betting on just one or a couple of disciplines will make it easier to analyze the athletes and find the best bet for the 2024 Olympic Games.
  • Consider finding betting sites that offer betting previews and predictions. Even though you’ll have to decide what to bet on, you should find websites providing valuable information.
  • Take advantage of bonuses and promotions such as no-deposit free bets, enhanced odds, insurance bets, and other deals.
  • Consider betting in-play since live markets offer great value if you know where to look.

Even though getting started betting on the 2024 Olympics is simple, it takes some preparation and planning to approach it properly and set yourself up for success.

Types of Bets on the 2024 Olympics

As an event featuring many sports competitions and disciplines, the 2024 Olympics also feature many ways to place your bets via many available betting markets, including outrights, specials, props, spread betting, and more.

Not only can you bet on your favorites to win the 2024 Olympics, but you can even bet on how they will do it, by how much, and anything in between.

2024 Olympics Prop Bets

Prop bets or proposition bets are special wagers that focus on specific things that aren’t necessarily related to the outcome. An example of proposition betting in a football match would be which players will be injured, or in hockey, which player will be sent off.

Even though casual bettors do not commonly use proposition bets, props give you new ways to place your bets and are regularly available on any Paris 2024 betting site.

2024 Olympics Straight Betting

Straight betting at the Olympics is another way to describe moneyline bets or “to-win bets.” It’s the most common bet type among those who bet on the Olympics and the simplest to understand. With straight bets, you pick which team or athlete will win, with their implied probability of winning displayed with the Paris 2024 odds.

For example, if you want to bet on a football match between the UK and Canada and believe the UK football team will win, you place a straight bet on them.

2024 Olympics Spread Betting

Spreads are another highly popular bet type available on any Paris 2024 betting site, and it’s a standard bet on sports. Spreads are typically used in team sports such as basketball or ice hockey, where you can predict whether the favorite will win by a certain number of points or if the underdog will draw or not lose by a specific number of points.

For example, the USA is the most likely winner in basketball between the USA and Finland, so that the bookmaker will offer a -15.5 point spread. So you can either bet on the USA to win by 16 or more points or bet on Finland with a +15.5 spread, so they can either win, draw or lose by less than 15 points.

2024 Olympics Totals Betting

Totals or over/under is another standard sports bet readily available when betting on the Olympics. But unlike straight bets and spread betting, totals don’t care who will win and instead focus on whether a certain statistic in a game (most commonly points or goals) will exceed a certain number.

For example, suppose you’re looking through the 2024 Olympics betting odds on a football match between Brazil and Germany. In that case, the sportsbook might offer a line of 2.5 goals, allowing you to predict whether the game between the two teams will exceed two goals or end with two or fewer goals.

2024 Olympics Futures Betting

Futures betting on the Olympics works the same way as any futures betting world, and it is a very popular bet among the Olympics bettors. Futures predict future events – such as which team or athlete will win the tournament.

So if you believe that Brazil will win the Olympics football, you can bet on the outright (or futures) betting market. Futures are most interesting because of the high Olympics 2024 odds they offer, which explains why one of the most popular Olympics 2024 bets is outrighted (or futures).

Besides the mentioned bet types, sportsbooks will offer many other ways to place your wagers, and the offer expands greatly when we look at the specials, which open up a whole new way to approach wagering at the Olympics.

Prop bets can include anything the sportsbook is ready to offer, but some of the most common are head-to-head bets, over/under medals won, whether there will be a new world record, and more.

The exact number of special bets you’ll come across depends entirely on the sportsbook you’re using. It is one more reason you should have accounts with multiple sportsbooks, which also helps you find the best Olympics 2024 odds on the sport or game you want to bet on.

2024 Olympics Betting Markets

Not only are the Olympics 2024 odds easy to find – since all bookmakers cover the event – but there are also many betting markets punters can explore and use when placing their picks. There’s always something for someone, from in-play bets to futures to many pre-match markets. But the most popular include:

  • Straight bets – moneyline or 1×2 bets, where you predict the winner of a match
  • Spread/Handicap – allows you to back a team with an imaginary advantage or disadvantage
  • Totals – or over/under bets on certain statistics in a game – whether it will exceed a specific number.
  • Futures – picks on future events, such as which team will win a certain event.
  • Props – special bets that focus on very specific events that aren’t directly tied to the outcome
  • Special bets – anything the sportsbook offers to attract more bettors.

Olympics 2024 Live Betting

In the same way, you can bet in-play on any sport. You can also place in-play bets on the Olympics. Since in-play betting is so popular nowadays, every solid bookmaker will have in-play betting markets, and some will also have live streaming options, but the offer of live markets will vary, so make sure you pick the right sportsbook for the job.

Live betting is very popular due to all the great betting opportunities it offers. Sportsbooks are often inefficient with their in-play odds, which gives bettors a great chance to take advantage of the situation and find value.

 

But to make that work, you must be knowledgeable about the sport you’re betting on and use a solid bookmaker with great in-play Paris 2024 odds, a solid in-play betting offer, and live streaming options.

Know that some sports, such as 100m dash, won’t have in-play offers available since they end too quickly, but most other sports will, namely football, basketball, hockey, and other team sports.

Live Streaming

If you want to bet on the Olympics in-play, you must have an account with a bookmaker with live streaming. Even though the Olympics are streamed on most streaming services and are available on TV, it’s much more convenient to follow the action from the betting platform and place picks quickly.

Nowadays, most bookmakers with Olympics 2024 odds also offer live streaming, but some don’t. So before you get ready to bet on your 2024 Olympics favorite, make sure the bookmaker you’re using has live streaming.

Even if you don’t plan to bet in-play, having Olympics live streams available is advantageous, so you can quickly check how your 2024 Olympics favorite is doing from your PC or phone.

Olympics 2024 Bet Tracking

If you want to succeed in betting on the Olympics, you not only have to have access to the best Olympics 2024 odds and the top bookmakers but approach it the right way. One often overlooked thing among casual bettors is bet tracking, which is keeping track of your betting history.

It can’t be overstated how important it is to monitor your bets, profits, and losses, as this is the only way to see what you’re doing right and wrong and how you can improve your picks.

Olympics 2024 Betting Tips & Predictions

Everyone should make their own 2024 Olympics predictions, but if you’re starting and new some help, there is no shame in looking for some help online. Many services and great betting sites offer 2024 Olympics predictions and can provide an excellent guide on what to look for when making your picks.

Even experienced bettors will often look for betting previews from other punters to get a second opinion on the match they want to bet on and to check if there is any piece of information they’ve missed. Although all 2024 Olympics predictions must be taken with a grain of salt, well-written previews offer plenty of useful information to help you find the right Olympics 2024 bets.

So whether you’re new to betting on the Olympics or a seasoned veteran, betting tips can be highly valuable.

Olympics 2024 Betting Strategies

No betting strategy will guarantee you profits, but there are a few things to keep in mind and follow to set yourself up for success. Most casual bettors just bet however they please and take betting more of a fun activity than a way to make money – which is fine.

But if you’re in it to make money, you must have a plan, know what you’re doing, and follow certain rules. Here are some of the most important things to remember when placing Olympics 2024 bets.

Some bettors prefer to bet on less-popular events since the bookmakers often misprice those. For example, football matches are usually priced accurately and will not offer as many excellent betting opportunities as surfing; however, if you decide to bet on less-popular events, there’s the issue of liquidity and the maximum possible bets. It’s a double-edged sword.

Back the Hosts

It’s often smart to back the host nation in events where they can win. Even if the hosts aren’t the Olympics 2024 favorite for that event, the home-ground advantage can play a big role in their eventual success.

Do Your Research

Betting is all about doing thorough research, which includes looking at the 2024 Summer Olympics odds, finding the best offer, looking through team updates, and following the team’s performance. A lot goes into finding the best bets and errors the bookmakers have made when setting the 2024 Olympic odds, but it’s time well spent.

Take Your Time

Especially if you’re new, you shouldn’t rush into betting on the Olympics, and that also applies when doing research. If you run out of time to do proper research, it’s better to skin a bet than to try and gamble, as it likely will set you back on your quest to make a profit.

Take your time when analyzing teams, and don’t rush into placing bets you’re uncomfortable with.

Betting on the 2024 Olympics from Your Mobile Phone or Tablet

Nowadays, all modern betting sites allow customers to bet from their phones. Most commonly, sportsbooks offer a mobile website, which does its job. Still, if you’re serious about betting on the Olympics or anything else from your mobile, you should consider registering with a sportsbook with a mobile betting app.

In contrast to a mobile website, apps are stabler, work smoother, and are designed much better for mobile use. Moreover, some apps offer optimized live-streaming features, which rarely work properly on mobile websites.

And if the convenience isn’t enough, some sportsbooks offer special promotions, and bonus offers exclusive to mobile users. It is another reason why registering with sportsbooks with a mobile app is advisable – even if you’re not exclusively a mobile bettor.

History of the Olympic Games

The history of the Olympics dates back around 3,000 years (as the ancient Olympic Games in Ancient Greece). The ancient Olympic Games inspired the creation of the Olympic Games, an international sporting event featuring all nations of the world that compete in various competitions.

The Olympic games are historically held on a four-year interval and, since 1994, alternate between the Summer and Winter Olympics (every two years).

The ancient Olympic Games inspired the creation of the modern Olympics and were first held in 1896 in Athens after Baron Pierre de Coubertin founded the International Olympic Committee (IOC) in 1894. There have since been many changes to the Olympic Games in the 20th and 21st centuries, namely the creation of the Winter Olympics.

Even for the 2024 Olympics, some changes have been implemented, including new sports such as breakdancing, skateboarding, sport climbing, and surfing; the latter three debuted at the 2020 Olympics.

Most Gold Medals Historical Odds

Team Odds
🥇 USA -1200
🥇 China +600
🥇 Japan +2500
🥇 Great Britain +2500
🥇 Russian OC +2500
🥇 Germany +20000
🥇 Australia +20000
🥇 Netherlands +20000
🥇 France +25000
🥇 South Korea +50000

Most Medals Overall Historical Odds

Team Odds
🏆 USA -1500
🏆 China +1100
🏆 Russian OC +2500
🏆 Japan +3400
🏆 Great Britain +5000
🏆 Hungary +5000
🏆 Ireland +10000
🏆 South Korea +10000
🏆 Australia +10000
🏆 Netherlands +10000

Olympics 2024 Overview

With the introduction of four new sports, the 2024 Olympics in Paris, France, promise to be an exciting sports event, welcoming some of the world’s best athletes competing for the eternal glory of winning the Olympic medal. But besides being an exciting event for all sports fans, the 2024 Olympics also promise plenty of betting opportunities and ways to make money on or against your 2024 Olympics favorite.

This article has taught you everything you need to know about the upcoming Summer Olympics, but there are still a few interesting facts you might not know about.

  • Nations that are expected to do the best at the 2024 Summer OIympics include the USA, China, the UK, Japan, and the Russian Olympic Committee (ROC)
  • The USA has won the most Summer Olympic Gold medals since 2012.
  • Some of the most successful Olympians in history are Michael Phelps, Larisa Latynina, Marit Bjørgen, Nikolai Andrianov, and Ole Einar Bjørndalen.
  • Sports at the 2024 Olympics include athletics, badminton, basketball, 3×3, boxing, canoe slalom, sprint, road cycling, BMX freestyle, BMX racing, equestrian, fencing, and football. You also find here golf, archery, tennis, triathlon, volleyball, artistic gymnastics, rhythmic gymnastics, trampoline, handball, hockey, judo, modern pentathlon, rowing, rugby, canoe slalom, canoe sprint, sailing, shooting, table tennis, cycling track, mountain biking, taekwondo, beach volleyball, diving, marathon swimming, artistic swimming, swimming, water polo, weightlifting, wrestling, sport climbing, skateboarding, breakdancing, and surfing.
  • For surfing contests, the 2024 Summer Olympics will be held in France and Teahupo’o Beach, Tahiti, French Polynesia.
  • The most popular and legal online bookmakers for betting on the 2024 Olympics are Bet365, William Hill, BetMGM, Unibet, and Pinnacle Sports.
  • The Olympic competitions for rugby and football at Paris 2024 Olympics will begin on July 24 – two days before the opening ceremony.
  • The Olympic Games Paris 2024 will be held from July 26 until August 11, 2024.
  • The 2024 Olympics will mark France’s third time hosting the Olympic Games.
  • With the 2024 Olympics, Paris will join London as the only city to host the Olympic Games three times.
  • The 2024 Olympics will host 32 sports and 329 medal events.
  • There will be 35 Olympic venues at the Paris 2024 Olympics.

Bottom Line

It concludes our article on the 2024 Olympics, teaching you everything you need to know about the event and how to bet on it. Equipped with all that knowledge, you now know where to find the best bookmakers with the best Olympics 2024 odds and how to bet on your favorite sport – but remember to bet in moderation and never wager with more than you can afford.

Frequently Asked Questions

  • What is the best betting site for the Olympics 2024?
    There is no single best bookmaker for betting on the Olympics 2024, but you can’t go wrong with trusting known sportsbooks such as William Hill, Bet365, BetMGM, or Unibet.
  • Which country will win the most medals at the Summer Olympics 2024?
    No telling which country will win the most medals at the Summer Olympics 2024, but the frontrunners are the USA, China, Japan, and the UK.
  • Where can I bet on the 2024 Olympics?
    You can bet on the 2024 Olympics on any sportsbook, including Bet365, William Hil, 20Bet, Maratonbet, and more. Since the Olympics are one of the biggest sporting events in the world, every bookmaker will have markets for it.
  • Who is favored to win the 2024 Olympics?
    The United States is expected to win the most medals at the 2024 Olympics, as it has done ever since the 2012 Summer Olympics. The second favorite to win the most medals is China which is consistently among the top-performing nations at the Summer Olympics.
  • Still have questions?
    Ask our experts
Jimmy E
Author
Writer & Tipster

Jimmy is our on-duty tipster and writer. His favorite sports are cricket, tennis, and basketball. If you’re looking for the best betting tips in the business, Jimmy’s your guy. His tips and events previews are among the most read at BetZillion.

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