Olympic Betting Sites
Welcome to our comprehensive guide to Olympic betting sites! Whether you’re a seasoned fan or a newcomer, we’ll equip you with everything you need to know to bet on the Olympic Games. In this guide, we’ll explore expert picks for the best Olympic betting sites and how to evaluate them effectively. You’ll also learn the Olympic betting types available, Olympic odds, and tips for betting on the Olympics.
Read on to discover the exciting world of Olympic sports betting!
Explore Olympic Betting
The Best Olympic Betting Sites
Discover the best Olympic betting sites, handpicked by our expert reviewers to cater to your preferences. Here’s a breakdown of what you can expect from each of our four best Olympic betting sites:
- BetOnline — Best Overall Sportsbook for Olympic Betting
- Bovada — Top Olympic Sportsbook for Welcome Bonuses
- BetUS — Best Olympic Betting Site for Beginners
- SportsBetting.ag — Best Olympic Site for User Interface
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Best Overall Sportsbook for Olympic Betting: BetOnline
With various betting options and competitive odds for maximum value, BetOnline is our overall top pick for Olympic betting. You can place classic moneyline bets, spreads, and future outcomes. The site is easy to navigate, especially its dedicated Olympics section.
With 23 banking methods for deposits and withdrawals, BetOnline offers excellent payment flexibility. New bettors enjoy a 50% match bonus up to $1,000 with promo code BET1000. Cryptocurrency deposits double the offer for enhanced opportunities.
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Top Sportsbook for Welcome Bonuses: Bovada
Bovada stands out as our top pick for welcome bonuses when betting on the Olympics. New players can enjoy a generous 50% welcome offer up to $250 with a low 5x wagering requirement. That bonus increases to 75%, up to $750, if you make your first deposit with crypto. This sets Bovada apart from other welcome bonuses with higher turnover requirements like MyBookie and BetUS, which both come with a 10x rollover.
Bovada offers competitive odds and diverse betting options, but has limited live betting events. We recommend checking their live betting section for the most up-to-date Olympic offerings.
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Best Olympic Betting Site for Beginners: BetUS
BetUS is our top recommendation for beginner bettors, thanks to its comprehensive resources. Its dedicated “Locker Room” offers game previews, reaction videos, and tips beginners might find useful. It also offers BetUS TV, a multichannel network of pundits and analysts offering expert insights. They usually focus on major leagues, but they do seasonally extend to the Olympics for betting advice and strategies.
New bettors can receive a generous 125% match up to $3,125 ($2,500 in the sportsbook, $625 in the casino) with a minimum deposit of $100, using the promo code JOIN125.
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Best Olympic Betting Site for User Experience: SportsBetting.ag
SportsBetting.ag shines as our top pick for a user-friendly interface. Its streamlined layout, while not flashy, makes Olympic betting effortless. The site offers competitive odds, diverse betting options, and a “Props Builder” that makes setting up prop bets a breeze. SportsBetting.ag also offers unique sports betting contexts for extra excitement. We recommend checking the site once the Olympics are underway to see what contests are being offered.
Offering both accessibility and enticing bonuses, SportsBetting.ag is a prime destination for Olympic betting. New players can double their money, up to $500, on each of their first two deposits, using promo code DOUBLEUP.
How We Evaluate Olympic Betting Sites
Let’s delve into how we evaluate the best Olympic betting sites. We assess each operator based on the same key factors before we make any recommendations. While we aim to highlight these criteria in our reviews, we cannot guarantee every operator will meet all these qualities.
The Most Popular Sports to Bet on at the Olympics
Here are just a few of the most popular sports you bet on at the Olympics. There are 44 sports to choose from, so there is no shortage of options. However, these are the sports that will get the most attention at Olympic betting sites.
Athletics
Athletics is always a major part of the Olympics, and there are 26 events that make up the athletics section. The most popular athletic events are the 100-and-200-meter races, while the 4×100 and 4×400 meter races are also watched by millions around the world.
You can find the most thorough list of athletics odds at BetOnline!
Basketball
Basketball is especially popular in the United States, given the popularity of the NBA and WNBA. But it’s also because the United States usually dominates this event. The men have won 16 of 19 gold medals (both the men and women withdrew from the 1980 Olympics in the former Soviet Union). The women have won nine of 11 gold medals. Olympic basketball odds heavily favor the Team USA men, and the women are massive favorites.
You can find these Olympics odds and more at BetUS!
Golf
Golf was held at the Olympics in 1900 and 1904, and then not again until 2016. The 2024 tournaments for the men and women were held at Le Golf National in Paris, which annually hosts the Open de France. It was also the host of the 2018 Ryder Cup, where Team Europe walloped the United States.
Bet on these Olympic golf odds and more at SportsBetting.ag!
Gymnastics
Like athletics, gymnastics covers different disciplines under its umbrella. There are 13 to watch, led by the team and individual all-around events for both men and women. Men have the rings and parallel bars, while women have rhythmic gymnastics, as well as the uneven bars.
The best gymnasts, such as Simone Biles, are great in all events, but they have their specialties as well. You’ll find those odds at our top Olympic betting sites.
Wager on all Olympic gymnastics odds at BetUS!
Swimming
Swimming also has various disciplines, including freestyle, backstroke, butterfly, medleys (which is a combination of different disciplines), and others. These disciplines are also races across various distances, while the 100-and-200-meter races get a lot of attention. You can also count diving under the aquatics umbrella as well.
Team USA’s Katie Ledecky has picked up from where Michael Phelps left off, as she is looking to add to her seven Olympic gold medals.
You can bet on all Olympic swimming odds at Bovada!
How to Choose the Best Olympic Betting Site
Ultimately, the right Olympic betting site for you depends on your personal betting style and preferences. Before you join an operator and make a deposit, we recommend you consider the following criteria.
Are You a Casual or Serious Bettor?
Consider whether you’re betting casually for entertainment or more seriously with a focus on maximizing profits. This will help you determine the level of features and options you need from a betting site.
What Are Your Preferred Deposit/Withdrawal Options?
Assess the availability and convenience of payment methods offered by different operators. Choose a platform that supports your preferred payment methods and ensures smooth transactions.
What Events Do You Want To Bet On?
Determine the events you’re interested in betting on. Look for operators providing comprehensive Olympics coverage and betting options.
What Olympics Sportsbooks Are Best for Beginners?
Platforms catering to beginners include intuitive interfaces, educational resources, and responsive customer support. Select a user-friendly betting site to maximize your confidence and your chances of winning big!
Types of Bets Available for Online Olympic Betting
Whether you’re a seasoned bettor or a beginner, it’s important to understand the different types of Olympic bets available. Let’s examine the various wagering options to help you make the most of our betting experience.
Moneylines
Moneyline bets involve wagering on which team or individual will win a specific Olympic event. For instance, at BetOnline, you can opt to place a moneyline bet on Olympic basketball, by betting on Team USA to win against Spain.
Spreads
Spread bets involve betting on the margin of victory or defeat in an Olympic event. For example, at BetUS, you could bet on Japan to win by more than 5 points against Brazil in Olympic volleyball.
Totals
Total bets entail predicting the combined score of both teams and individuals in an Olympic event. For instance, at SportsBetting.ag, you might bet on the total number of goals scored in an Olympic soccer match between Germany and Argentina.
Props
Parlays
Parlay bets combine multiple individual bets into a single wager for higher potential payouts. At BetOnline, you might parlay bets on the outcomes of several events, such as track and field, swimming, and gymnastics.
Futures
Futures bets involve predicting the outcome of an event that will occur in the future, such as the winner of the next Olympic Games. For example, at Bovada, you could place a futures bet on which country will win the most gold medals in the Olympics.
Teasers
Teaser bets allow bettors to adjust the point spread or totals line in their favor for reduced odds. In Olympic betting, at BetOnline, you might tease the point spread in a basketball game to give one team a larger margin of victory.
The Latest Olympic Betting News and Updates from The Sports Geek
Click below to check out the latest news, tips, and online sports betting strategies from The Sports Geek.
Olympic Betting Sites to Avoid
Here are some blacklisted sportsbooks and why we suggest you avoid them.
1. CarbonGaming
- Unreliable Payouts: CarbonGaming has faced criticism for its delayed payout process, causing frustration among bettors.
- Payout Delays: Numerous complaints mention prolonged payout times, leading to dissatisfaction among customers.
- Customer Service Issues: Bettors have reported difficulties in reaching customer service representatives.
2. CRSportsBet
- Confiscated Winnings: Bettors have encountered obstacles in receiving their winnings from CRSportsBet, despite legitimate wins.
- Misleading Bonuses: Some players have experienced bait-and-switch tactics with bonuses, where attractive offers come with unrealistic terms.
- Questionable Trustworthiness: While offering multiple deposit methods, including Visa and cryptocurrencies, CRSportsBet has shown a lack of trustworthiness in handling winnings and addressing customer concerns.
3. InstantAction Sports
- Slow Withdrawals: InstantAction Sports a sluggish withdrawal process, leaving users waiting for extended periods.
- Confiscated Winnings: Reports have emerged of InstantAction Sports seizing players’ winnings without valid reasons.
- Deceptive Practices: InstantAction Sports has faced accusations of deceptive practices, including misleading its customers.
How to Bet On the Olympics
Betting on the Olympics is a straightforward process that comes down to a few simple steps.
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Balancing our recommendations with your preferences, select the sportsbook you’d like to start with. Prioritize platforms that offer Olympic betting and align with your preferred payment method.
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Register with the chosen sportsbook by clicking the “Join Now” button and completing the registration form. Create a secure password and verify your account through the email confirmation sent by the operator.
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After verifying your account, deposit funds using your preferred payment method.
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Explore the bonuses and promotions offered by the Olympic betting site, such as welcome bonuses or free bets. Follow the specified steps to claim your bonus and maximize your betting potential on the show.
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Before placing your bets, consider researching the participating athletes, teams, and past performances. Check the latest odds at reputable sportsbooks like BetOnline to understand the betting market’s sentiments about the team.
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Based on your research and analysis, select the bets you wish to place on the Olympic event. For example, if you like the men’s Olympic Basketball Team’s odds of winning, place a moneyline bet at BetOnline on the winner of the gold medal in Men’s Basketball.
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Click on the selected wagers to add them to your bet slip, then enter the desired stake amount. Double-check your selections before confirming your bets.
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Sit back and enjoy the excitement of the Olympics action while awaiting the results of your bets. If your wagers are successful, any winnings automatically credit to your betting account.
Responsible Gambling
We encourage all players to gamble responsibly. Remember that online betting is a form of entertainment, not a source of income. Set loss limits and time limits. Budget your bankroll ahead of time to avoid losing more than you can afford to. Keeping these tips in mind will help you have fun and remain a responsible gambler.
If are over-preoccupied with thoughts about gambling or exceed your budget regularly, you might benefit from some help. Consider the resources below if you recognize the warning signs and symptoms in yourself or a loved one:
- National Council on Problem Gambling: (202) 547-9204 or NCPGambling.org
- AGA Responsible Gambling Code of Conduct (as supported by the NBA)
- Gamble Responsibly America App (downloadable)
- Gambler’s Anonymous: gamblersanonymous.org/ga/
- Responsible Gambling Council: http://www.responsiblegambling.org/
Olympic Betting Sites: Key Takeaways
Our guide to Olympic betting sites has provided valuable insights and recommendations for beginners and experienced bettors alike. We’ve outlined key factors to consider when selecting the best Olympic betting site as well as the various betting. BetOnline is our top recommendation for Olympic betting, with its diverse betting options, competitive odds, and enticing welcome offer.
This guide can help you capitalize on all the exciting Olympic betting opportunities.
