The Summer and Winter Olympic Games remain the most popular sporting events around the world. Betting on the Olympic Games online has grown considerably more popular over the past decade. Today, our team of experts will provide an in-depth guide to the best Olympic betting sites in 2023.
It’s easier to find a site offering odds on the Olympic Games now than ever before. Narrowing down the sites that are safe and provide a massive variety of unique wagering options on the Olympics is a little more difficult. We will help to simplify this process by going over the most important features to look for in an online sports betting site.
Here’s what you need to know!
What to Look for in an Olympic Betting Site
The first modern Olympic event took place in 1896, featuring a limited number of sporting events and competitors from just a handful of countries. The Summer and Winter Games have grown tremendously since that time, featuring thousands of athletes and drawing in millions of viewers. As the Games draw more popularity, betting on the Olympic Games has grown more popular, as well.
Most sports bettors prefer to make their wagers online. As most would expect, a huge number of fantastic online sportsbooks are now offering odds on the Olympics. Finding these sites is easy. There are a few key features you will want to look for to ensure the Olympic betting site you join is safe.
Below are four of the most important things you will want to look for in an Olympic online betting website!
Secure Payment Options
We had to start out by pointing out the importance of a secure payment system. Unless a site offers simple and secure payment options to its members, it is not worth joining.
Spend a little time looking at the various payment options different Olympic betting sites provide. Look for low fees and quick processing times. It’s also a great idea to look for betting sites that allow you to withdraw funds without any issues, 24/7.
Large Variety of Olympic Betting Odds
Not all online sportsbooks are the same. Some choose to focus on just a limited number of betting odds on major sports. Others are well-known for providing their members with a massive variety of betting odds on even the most fringe sports.
Those looking for an online sportsbook for the Olympics should keep an eye out for those providing a large variety of Olympic betting odds. That includes odds on each individual sport taking place at the Games. We tend to recommend those that provide unique prop betting odds on the Games, as well.
Unique Olympic Betting Promotions
Many of the best online sportsbooks operating today provide their members with unique Olympic promotions. That can include bonuses on deposits that can only be used for betting on Winter and Summer Games.
Keep in mind that these bonuses may only become available in and around the Winter or Summer Games taking place.
Don’t expect to find Olympic betting site promotions available years before the Games take place. But during the events, you will likely come across many promotions. Look for promotions that come with low rollover fees!
Simple Sign-Up Process
After narrowing down a couple of Olympic betting sites with the features above, make sure they have a quick and simple sign-up process. Registering for these betting sites should take less than ten minutes. If you come across one with a large, complex joining process, it’s likely better to avoid it altogether.
Sports bettors will likely want to jump right into the wagering process. The best Olympic betting sites will only ask for some basic information in order to become a member. After making a quick deposit into your account, you will be ready to start betting on your favorite Olympic athletes and events.
Comparing Some of the Top Olympic Betting Sites in 2023
There are more online sportsbooks operating today than ever before. The vast majority of these sites provide odds on the Winter and Summer Olympic Games. Each of these sites is unique, providing its own odds and wagering options.
We have looked over nearly all sites offering Olympic betting odds operating today. Below is a quick comparison of some of the best online sportsbooks operating right now.
- Bovada: Clean, sophisticated design and great live betting options.
- BetUS: Simple user interface with solid promotions.
- BetOnline: Modern design and a massive variety of unique Olympic betting odds.
- MyBookie: Great user interface for new and experienced bettors. Large variety of odds.
- SportsBetting.ag: Great betting bonuses for new and existing members.
Each of these online betting sites is fantastic. They are each offering their members something unique. We have come to the conclusion that a few of these sites truly stand out for their incredible online Olympic betting options in 2023.
We have done in-depth reviews for just about every online sports betting website operating today. In these reviews, we dive into both the pros and cons of each site. Head over to our reviews page here to learn more about the sites listed above.
Below is a more in-depth look at our favorite Olympic betting sites.
Breaking Down the Three Best 2023 Olympic Betting Sites
The Olympic Games draw in millions of viewers from around the world every four years. The Winter and Summer Games are now some of the most-bet-on events that take place, as well.
Below is a look at three of our favorite Olympic Games betting sites operating right now:
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Bovada is arguably the most popular online sportsbook operating in the United States. It has been operating for more than a decade and has millions of passionate fans around the country. This site is now offering one of the largest collections of Olympic betting options of any online sportsbook operating today.
This site is known as one of the oldest to provide online Olympic betting options. As you might expect from a site like this one, it provides more Olympic odds than almost any other online sportsbook.
Members here can already bet on which athletes will win the various events scheduled to take place. It’s even offering lines on one-on-one matchups between various athletes. Those looking for an established Olympic betting site with a slick, modern design will love Bovada.
BetOnline: 50% Sports Welcome Bonus Up to $1,000
BetOnline is widely considered one of the best online sportsbooks operating today. For years, it has gained a huge user base that has praised the site’s solid promotions and an incredible variety of odds. The main criticism of this site was its outdated design.
A few years ago, BetOnline went through a major design overhaul. It’s now modern and makes it very easy to navigate. Our favorite aspect of BetOnline is the fantastic Olympic betting odds that it provides.
This may be the best overall online sportsbook for Olympic betting and provides just about everything bettors could ask for.
BetUS: 200% Crypto Bonus Up to $2,500
BetUS has never generated quite the level of attention that other online sportsbooks on this list have. That may be slowly changing, though. This online sportsbook excels just about everywhere and is providing one of the best welcome bonuses of any site operating today.
The betting options here can be found near the bottom of the list of sports betting odds. Hit the “Olympics” tab and you will see the variety of unique Winter Olympic odds currently being offered. That includes odds on individual sporting events and on which counties will secure the most medals.
There is not a lot that we do not like about this site. It has a modern design, great payment options, and solid odds on the Olympic Games.
How to Bet on the Olympics in Summer 2024
There is more than just one way to place your bets on the Summer Olympics much in the same way that most sports betting involves more than simply betting on an outright winner of an event, game, or match. There are multiple avenues to winning real money betting on your favorite sports or on the 2024 Summer Olympics in Paris and that is what makes the experience fun and interesting!
Moneylines (AKA Straight Betting)
This is the type of betting most people think of when sports betting is mentioned. Moneyline bets are placed on an outright winner and odds can be written like this:
France
-120
USA
+110
The example above shows France as the favorite to win and the US as the underdog. With sports odds, terms are the opposite of what you would expect.
- The favorite to win is symbolized by the minus sign.
- The underdog is symbolized by the positive sign.
In the case of the favorite to win (France), bettors can win $100 when they place a bet of $120 and France ends up winning the game, match, or event. Not only do the bettors keep their bet of $120 but will also pick up the $100 if France wins.
With the US being the underdog, they are not likely to win according to the odds posted, but there is always a chance that they could win. If bettors place $100 on the US and they do win as the underdog, this means that the bettor will win $110 on top of their original bet of $100!
Point Spreads (AKA Spread Betting)
Point spread betting involves putting an artificial handicap on the favorite to win in the hopes of getting more bettors to place wagers on the underdog. The reason it is called a point spread is because all points get spread out across both teams and bettors much make correct bets to cover this spread. Here is an example of how a point spread odds will look:
France
-4.5 (-110)
USA
+4.5 (-110)
We are using France again as the favorite to win. The US is the underdog.
- Those placing their wagers on France to win will win their wagers if France beats the US by 5 or more points.
- If the bettor places a wager on the US to win, they will need to see the US win outright or lose by less than 4 points in order for that bet to be considered a win!
Over/Under (AKA Totals Betting)
Over/Under totals betting for the 2024 Summer Olympics in Paris will be dictated by countries taking home the most gold medals. Let’s take a look at a hypothetical example with the US below. Bettors must correctly predict if the US will bring home more than 30 gold medals or less than 30 gold medals. The odds will be written out like this:
USA
OVER 30.5 (-120)
USA
UNDER 30.5 (+110)
Props Betting
Propositional bets are great for bettors who are looking for unique situations and occurrences in which to place wagers. These kinds of bets are so popular nowadays that many of the sportsbooks on our list offer props builders that allow bettors to make customized bets based on occurrences and non-occurrences of the 2024 Olympics. Some examples include:
- Which individual athlete will win the most medals?
- Will a world record be set during a swimming competition?
Parlay Betting
Parlay bets are more complicated and involve combining multiple bets in order to increase the volume of your payout. The only catch here is that all parts of the parlay must be correctly predicted in order for it to be considered a win. These parlays are extremely lucrative if they come through, but more often than not, bettors do not correctly predict every step of the parlay resulting in more losses than wins. These kinds of bets are for hardcore bettors who have done some thorough research!
Futures Betting
Check out our favorite online sportsbooks that are likely to be offering 2024 Summer Olympics futures bets. These can be made in advance long before the event even begins. A lot of these future bets involve correctly predicting outright winners for certain events or outright winners of the most gold medals.
Check out each of our top sportsbooks to see if they are currently offering futures bets on the Paris Summer Olympics!
Live Betting
For some of the most dynamic betting on your favorite sports during the 2024 Summer Olympics in Paris, do not forget the fast-paced fun of live betting! You can watch an event, game, or match and bet live as the action changes. Oddsmakers use live betting to put out new odds and betting scenarios as the game, match, or event progresses. This allows bettors and punters a dense set of various betting opportunities for the ultimate potential to win a huge amount of money in a short time frame!
Tips and Tricks for Betting the Paris Summer Olympics
It never hurts to have a few tricks up your sleeve in order to gain an edge as you bet on the Summer Olympics for real money! By using these simple betting strategies and techniques you can really give yourself an edge over the competition and create the conditions for winning a solid payout!
- Check the Odds Daily – Shop the betting lines for value. Something that happens all the time is that the oddsmaker will unknowingly put out a great line that has a ton of value, but it will come with a relatively cheap price, creating a deal for the bettor. You will want to be checking the odds regularly to successfully shop for value. At the end of the day, all these costs do add up! Keep your costs down by looking for deals!
- Look at What the Experts are Saying – Although they are not correct 100% percent of the time, you can still glean some valuable information and insight from those who closely follow the Summer Olympics. Take some time to listen to a variety of voices out there and you can gain a general sense of which athletes and events are worth your time, money, and attention. Doing this can help you to minimize potential losses or break-even scenarios more often than not!
- Research Previous Winners of the Gold – A sure way to correctly predict a gold medal winner for often than not is to do some research on previous gold medal winners from prior Summer Olympics events. If you do not correctly predict the outright winner, you can at least narrow down the field to the key individual athletes and players that have the best shot at winning!
- Avoid Betting on Sports You Are Unfamiliar With – You will have much better success winning real money while Summer Olympics betting if you know about the sports and who the best competitors are. Stick with what you know and avoid betting on sporting events that you are less familiar with. Warning: This could potentially result in some unnecessary losses where your money could have been put to better use in markets where you know and understand the subtleties, nuances, and small details of what is going on.
- Use Live Betting to Bet on the 2024 Summer Olympics – One of the best ways to enhance your winning potential is by trying out live betting for the 2024 Summer Olympics. Although it is fast-paced and you must be diligent in keeping up, live betting offers multiple betting scenarios all throughout the course of an Olympic game, match, or event! As the action evolves in real-time, oddsmakers provide new lines and odds so that bettors can be placing wagers the entire time! This is a great way to make more cash than you ever thought possible!
Best Olympic Sports to Bet on Online
By now, it should be fairly easy to find a great online sportsbook to bet on the Olympic Games. The next Summer Games will be taking place in 2024 and will feature more than 30 sports. Below is a look at some of the most popular Olympic sports to bet on:
Bet on Olympic Ice Hockey
Olympic Ice Hockey is always fascinating to watch. Fans love to watch the best players from around the world competing and representing their home countries. Expect to find great ice hockey odds being offered by nearly every Olympic betting website operating today.
But some of the best upsets in Olympic history have taken place during ice hockey matches.
Bet on Olympic Figure Skating
Figure skating is considered one of the most popular Olympic sports around the world. Viewers love to watch the most elite skaters doing seemingly inconceivable athletic movements while balancing on thin pieces of metal. Nearly all online Olympic betting sites offer odds on figure skating these days.
Many sites are offering odds on which countries earn the most gold medals in figure skating. Others are already offering odds on individual figure skaters. Fans of this sport should have no trouble finding great ways to bet on it.
Olympic Snowboard Betting
Snowboarding is a massively popular sport around the world, too. It showcases some true athletic ability and perhaps more than anything, bravery. Injuries are common in this sport and fans love to watch the best snowboarders competing at the highest level.
Olympic snowboard betting is easier to do now than ever before. That includes betting on each individual racing event such as the slopestyle, halfpipe, and big air competitions. Olympic snowboarding is extremely exciting and betting on this sport makes it even better!
Olympic Bobsleigh Betting
Last, but certainly not least, is bobsleigh betting. This is another sport that has produced some incredible moments over the past few decades. It’s a race-style event, making it one of the most exciting Winter Olympic betting options out there right now.
This is another sport that Winter Olympic betting sites offer a variety of odds on. That includes odds on the individual performances of teams and future odds on gold medal winners. Check out some of the odds for this sport at our top Olympic betting sites being offered today!
Bet on Olympic Swimming
Over at the Summer Olympic Games, swimming is one of the most popular sports amongst viewers around the world. Some true superstars have emerged from Olympic swimming. That includes Michael Phelps and Caeleb Dressel.
It’s easy to find great odds on Olympic swimming events. That includes individual racing events and relays.
Bet on Olympic Basketball
Perhaps the most popular Olympic sport to bet on around the world is basketball. For many years, the United States team dominated Olympic basketball. Things have changed in recent years as many countries are now home to truly world-class basketball teams.
Traditional basketball betting is available through nearly every online sportsbook operating today. Most of these sites offer Olympic basketball odds when the Summer Games come around, as well.
