Best Sportsbooks For Olympic Betting

Over the years, we’ve seen the Summer Olympics take place in the USA, China (Beijing), Canada, Japan (Tokyo), and Russia, among many others. As one of the most viewed sports events, there are a whole host of online sportsbooks offering a range of odds and markets. From Ice hockey to the 100m sprint, bookies cover it all. We offer some betting picks for medalists, Olympic champions, medal count, as well as betting lines for each event, so be sure to check out our site around the time of the big events!

Betting on the Olympics is a rare opportunity. Once every two years rare. But when that moment does arise — either for the Summer or Winter Games — you need to be prepared for it with a reliable sportsbook. Welp, we have five that fit that bill, plus more. For the best Olympic betting experience, start with these five bookmakers:

How to Choose your Sportsbooks to Bet on the Olympics?

Offshore sportsbooks, while operating outside the user’s home country, do not change the overall betting experience. However, it’s important to note that users in states that do not authorize offshore sportsbooks cannot use them. For those who can afford it, offshore sportsbooks are safe to bet with and can offer a robust betting experience. When choosing the best offshore sportsbooks for Olympics betting, the first thing we advise is to consider the following factors.
  1. Reputation and Reviews: Check user reviews and expert ratings to gauge the sportsbook’s reliability and customer service quality.
  2. Betting Options: Look for a sportsbook that offers a wide range of betting options specific to the Olympics, including various sports, events, and bet types.
  3. Bonuses and Promotions: Many sportsbooks offer bonuses and promotions for new and existing users. Look for those that provide value without unreasonable wagering requirements.
  4. User Interface and Experience: Choose a sportsbook with a user-friendly interface that makes it easy to place bets, check odds, and manage your account.
  5. Payment Options: Ensure the sportsbook supports secure and convenient payment methods for deposits and withdrawals, including credit cards, e-wallets, and bank transfers.
  6. Customer Support: Opt for sportsbooks with reliable customer support available through various channels like live chat, email, and phone.
  7. Live Betting and Streaming: If you’re interested in live betting, check if the sportsbook offers live betting options and streaming services for Olympics events.
  8. Mobile Compatibility: Ensure the sportsbook has a robust mobile platform or app if you plan to bet on the go.

By considering these factors, users can select a sportsbook that meets their needs and enhances their Olympics betting experience.

BetOnline Is Best All-Around Bookie For Betting The Olympics

Simply put, no single bookmaker offers a more complete package for Olympic betting than BetOnline. Betting lines, bonuses, reputation — this site offer it all under one roof. So if you can only bet at one bookmaker come the Olympics, we’d strongly suggest BetOnline.

Let’s start with the betting lines. For one, they’re well-priced on BetOnline so you’re rarely leaving value on the table. Two, every Olympic event will have a line available for wagering. Given the hundreds of competitions that happen at any Olympics, that means the betting opportunities are seemingly endless on BetOnline.

Moreover, BetOnline is pretty liberal with its bonuses — and that goes for new players or repeat ones. No matter which category you fall into, there’s always a bonus for you to take advantage of at BetOnline. We’ll mention one just because it’s the most eye-catching. New sign-ups on BetOnline can score $1000 in free play off the bat, and this is before you even lay a wager. Not a bad way to kick off your time at BetOnline.

BetOnline Sports Promotions

Last things last, BetOnline is one of the most-used offshore betting sites in the United States for a reason: it’s trusted. Trusted to work like it’s supposed to with little site error. And trusted to handle your money without any “funny business.” BetOnline does both. Would thousands of bettors flock to the site daily if that weren’t the case? No way.

Why MyTopSportsbooks loves BetOnline for Olympic betting:

  • Well-stock sportsbook year-round, especially during Olympic time
  • An array of bonuses to choose from
  • Well-respected name in the industry
50% up to $1,000
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Bovada Has Largest Menu Of Olympic Bets

For bettors that prioritize a large gamut of bets, there will be few better options than Bovada. This site is well-known for its wide array of wagers — and that applies to any sport or event, including the Summer and Winter Olympics.

What stands out about Bovada’s Olympic betting selection are the props. You see, it’s not hard to find bets on event winners at many competing bookmakers. Props, though, those are harder to come by. And in the end, props really make betting on the Olympics worthwhile. While it’s fun to bet on who wins the 100-meter dash, it’s really fun betting the over/under on the time difference between the first- and second-place winner in the same event. Prop bets such as those are possible at Bovada, plus many more of that nature.

Bovada Sports Promotions

Why MyTopSportsbooks loves Bovada for Olympic betting:

  • Massive prop betting market across all sports
  • Fair-priced betting lines for the Olympics
  • Clean and straightforward user experience
50% up to $250
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Mobile Betting Experience At XBet Can’t Be Beat

Olympic events run almost all day long. Thus, there’s probably no way you can park at home or an actual sportsbook to place bets the whole entire time. Chances are you’ll be on the go. Welp, you can easily bet from your phone using XBet. This new bookie has prioritized its mobile experience over everything else, which is a smart choice since the mobile betting trend isn’t going away anytime soon. We’d strongly recommend XBet for bettors that need a bookie they can bet at any place and anytime.

Xbet Sports Promotions

Why MyTopSportsbooks loves XBet for Olympic betting:

  • Top-notch mobile betting experience
  • Well-stocked sportsbook that stretches deep into the Olympics
  • Modern-looking user interface
50% up to $500
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GTBets’ Rewards Program Offers Most Long-Term Value

Alright, this option is for bettors that won’t be just be betting on the Olympics. For bettors that’ll stick around for NFL, NBA, or another sport. This type of consistent betting is rewarded handsomely at GTBets. That’s because this betting site has one of the premier rewards programs in the whole offshore industry, a service reminiscent of the Las Vegas comp programs.

GTBets Sports Betting Sites

As you’d expect with any such program, you’re rewarded based on the number of your bets (especially actually dollar-value of them). The more you bet, the more rewards you earn. At GTBets, the most valuable reward is cashback credited to your playing account. That can end up being a hefty sum if you bet past the Olympics, which is only one month long.

Why MyTopSportsbooks loves GTBets for Olympic betting:

  • Loyalty program that applies to sports and casino betting
  • Cashback (with no rollover rates) can be redeemed as a reward
  • Diverse Olympic betting menu
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MyBookie’s Bonuses Are Elite For Olympic Bettors

As we’ve eluded to, there’s no shortage of bets offered during the Olympics. Perhaps too many if you have a limited betting budget — after all, you can’t possibly bet on everything, right? Well, it depends. If you leverage lucrative sportsbook bonuses, you just might be able to or come pretty close to. MyBookie is the top bookmaker to do just that.

MyBookie Sports Betting Promotions

Here’s why: MyBookie offers a litany of bonuses for players of all types. If you’re a newcomer, there’s a $1000 sign-up bonus or a $200 one. Why take the latter over the former, more lucrative one? Because the $200 deal has zero rollover requirement, which means you can withdraw money right away. This is perfect for bettors that want to bet on MyBookie without overcommitting to bet gaudy amounts of money like the $1000 promotion.

The rewards don’t end there at MyBookie, though. After the welcome bonus is exhausted, there’s a reload deal too. Every re-up to a player’s account is matched at 25 percent up to $500. The best thing about this deal is there’s no cap on how many times it can be redeemed so the long-term value is practically never-ending. Combine these bonuses, plus others at MyBookie, and you’ll have A LOT of free play at your disposal to attack the Olympics with.


Why MyTopSportsbooks loves MyBookie for Olympic betting:

  • Vast amounts of free-play bonuses
  • Solid casino that complements the sportsbook
  • Trustworthy site
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Our Olympics 2024 Betting guide

With the Olympic betting lines on hand and access to our free Olympics picks, you are well on your way to placing your next Olympic wager. Here are five Olympic betting strategies and tips to keep in mind as you move forward.


Olympics Sports Betting

Read Our Olympics Picks

The first step to getting started on your Olympics betting research is to peruse our free picks. They are here for our readers as a free resource. The more you read them, the better off you will be.

Even if they deal with a bet that you do not plan on making or that is not the most interesting for you, they will be very useful. That is because as you read more and more Olympics betting analyses, you will instinctually learn how to bet on the Olympics. It will become second nature.

Plus, you will get to know the different athletes and how they are likely to fare in different sporting events. You will see how expert bettors analyze different Olympic bet types, and how they choose to make which wager and when. All of this takes time to internalize, and reading our Olympics picks is a great way to get started on that process.

For those athletics fans, we also offer picks for the World Championships and World Cup events, so you can track team USA and the rest throughout the year.

Follow Line Movement

Because Olympics bets are available for so long before the actual games take place, you are sure to see the betting lines go up and down. This may seem strange at first, but it ends up making perfect sense!

One reason the lines go up and down is that the bettors can start to weigh on one side of the bet or the other, and the bookies adjust their Olympic lines based on the behavior of their bettors.

Another reason is that news happens. As we follow the training schedule of star athletes, we learn more about how they will arrive at the Olympic games. If injuries come to light, you can expect to see Olympic line movement there too.

Go Line Shopping

As you follow line movement, you should also be aware the lines vary across top Olympics sports betting sites. You can bet the same risk at two different sites on the same wager, and get two different payouts.

Of course, we want the highest payout for the least amount of risk. This is why going line shopping is a key part of any sports betting strategy.

In order to implement this Olympics betting tip, you should have at least two sports betting sites accounts. This way when you look at our Olympics betting lines here in the chart, you can make the right wager at the moment.

50% up to $250
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Be Careful About Your Home Country

When we are smart bettors, we think with our heads, not our hearts. This becomes difficult when we want our home country to come out on top. When betting on the Olympics, you should keep this in mind.

For American bettors who are fans of the NHL, it’s easy to follow your national side. But, this isn’t always the case, the Olympics brings out a different animal in certain players, meaning there are a lot of strong contenders out there. Don’t be clouded by following your home nation—always look for value in the odds!

It can be easy to exaggerate our country’s medal total or the relative chances of the star athletes from our home countries. Remember to be as objective as possible when making these bets. It can even be a good idea to avoid betting on your home country if you do not trust yourself to be honest about their chances.

Bankroll eManagement

Bankroll management is absolutely essential in wagering on the Olympics. This will help you make the best decisions regarding your overall strategy.  The basic idea is to regulate the amount that you risk so that you can more easily measure your payouts.

The two basic approaches to bankroll management are:

  • The Unit Approach
  • The Percentage Approach

Either way, the idea is the same: you will be able to adjust your betting strategy more objectively having a sound financial management plan.

What Sports Can You Bet on for Olympics Betting?

The Olympics feature a wide range of sports, from traditional athletics to newer additions. Here’s a list of the long-standing Summer Olympics events — we don’t bet on all of these by the way! But, here they are;

  • Archery
  • Artistic Swimming
  • Athletics (Track and Field)
  • Badminton
  • Basketball
  • Boxing
  • Canoeing (Slalom and Sprint)
  • Cycling (BMX, Mountain Bike, Road, Track)
  • Diving
  • Equestrian (Dressage, Eventing, Jumping)
  • Fencing
  • Football (Soccer)
  • Golf
  • Gymnastics (Artistic, Rhythmic, Trampoline)
  • Handball
  • Hockey (Field)
  • Judo
  • Karate
  • Modern Pentathlon
  • Rowing
  • Rugby Sevens
  • Sailing
  • Shooting
  • Skateboarding
  • Sport Climbing
  • Surfing
  • Swimming
  • Table Tennis
  • Taekwondo
  • Tennis
  • Triathlon
  • Volleyball (Indoor and Beach)
  • Water Polo
  • Weightlifting
  • Wrestling (Freestyle and Greco-Roman)

Regarding new sports for the 2024 Paris Olympics:

  • Breaking (breakdancing) will make its Olympic debut
  • Skateboarding, sport climbing, and surfing, which were introduced in Tokyo 2020, will return
  • Baseball/softball and karate, which were in Tokyo 2020, will not be included in Paris 2024

How to Bet on the Olympics?

1. Choose a Reputable Betting Site:

  • Research and select a well-known, trustworthy betting website.
  • Ensure it offers Olympic betting options.

2. Register an Account:

  • Visit the betting site’s homepage.
  • Click on “Sign Up” or “Register” and fill in the required information.

3. Verify Your Identity:

  • Provide necessary identification documents (e.g., driver’s license or passport).
  • Follow the site’s instructions to complete the verification process.

4. Deposit Funds:

  • Log into your new account and go to the “Deposit” section.
  • Select your payment method and enter the deposit amount.

5. Place Your Bet:

  • Navigate to the “Olympics” section under sports.
  • Select your event, choose your bet, enter your stake, and confirm your bet.

Olympics Betting Markets – Popular types of bets

Looking at Olympics betting markets you will see a full range of options. It is really impressive. You can find bets that mix MLB and the Olympics and also NBA with the Olympics. Having spoken with our team of in-house sports betting experts, we pooled together their favorite markets and put them into five for Olympics betting.

  • Moneyline Bets: This type involves betting on the outright winner of a particular event or match. It’s straightforward, with bettors simply choosing which athlete or team they believe will win.
  • Over/Under Bets: In this bet, you wager on whether a particular statistic (such as the total number of medals won by a country) will be over or under a specified number set by the bookmaker.
  • Prop Bets: These are bets on specific occurrences or non-occurrences within an event. Examples include predicting whether a world record will be broken or if a certain athlete will win multiple gold medals.
  • Parlay Bets: This involves combining multiple bets into one, where all selected bets must win for the parlay to be successful. This can include a combination of different events or outcomes within the Olympics.
  • Futures Bets: These bets are placed on outcomes that will be decided in the future, such as betting on which country will top the medal tally at the end of the Olympics or which athlete will be the top performer of the Games.

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Luke Chadwick

Luke Chadwik is an experience writer with a focus on European football, but has always had a keen passion for sport and follows all major leagues across the world. When Luke isn't writing about sports, he's focused on his passion for road biking or spending time with his twin daughters.