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:
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.
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
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.
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
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.
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
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.
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
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.
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
How to Bet on the Olympics
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.
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.
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 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.
Olympics Betting Markets
You will really have a lot to choose from here. If you follow our picks, you will see more details on each of the bet types.
- Country to win the most models
- Country to win the most Olympic gold medals
- Prop bets
- Over/under Olympics bet for how many medals each country will win
- The winner of the different events
Frequently Asked Questions
Find answers to common questions bettors like you have when researching which sportsbook to join.
Of course! Many people have been betting on the Olympics for decades. As long you are not participating in them as an athlete or coach, there should be no problem.
In Olympics sports betting, you can bet on the outcome of specific events, on the gold, silver and bronze medals, as well as how many medals national teams will take back to their home countries.
We recommend many Olympic sportsbooks on this page. Any of them will be excellent choices in terms of Olympic bonuses, Olympic betting lines, and ease of signing up.
Yes, there are! You can make bets that deal with potential hiccups regarding the coronavirus or on happenings during the opening ceremony.
The United States generally brings home the most gold medals, but this is likely to change in the coming years as more populous countries become wealthier as well.