Winter Olympics Best Bets – Norway Favored to Win Most Medals

Norway will be aiming to extend the dominance they established four years ago at the 2018 Winter Olympics when their athletes arrives in Beijing perched as heavy -800 favorites at Bovada to earn the largest overall medal count at the 2022 Winter Games . All-time leaders in medal wins since the Winter Olympics were first held in 1924, the Norwegians owned the podium four years ago in Pyeongchang. Norway took home a total of 39 medals to top all other competing nations for the first time since they hosted the 1994 Winter Games in Lillehammer.

MyTopSportsbooks takes a look at all the odds and trends ahead of the 2022 Winter Olympics, which are scheduled to begin in Beijing, China on February 4. Sports bettors getting in on Olympic betting action for the first time should refer to our guide to the best rated online sportsbooks.

Odds to Win Most Total Medals at the 2022 Winter OlympicsBovadaBetUS
Norway-800-700
Russian Olympic Committee+900+900
Germany+1000+900
Canada+1400+1200
USA+1400+1200
Netherlands+8000n/a
Sweden+15000+6500
Austria+25000n/a
China+25000+10000
France+50000n/a
Japan+50000n/a
Italy+75000n/a
Finland+100000n/a
Poland+100000n/a
South Korea+100000n/a
Switzerland+100000+10000
Australia+500000n/a
Czech Republic+500000n/a

Norway Poised for Record-Breaking Medal Haul

Winners of 39 total medals in 2018, eight more than second-place Germany, the Norwegians are poised for a huge haul this time around. In addition to being heavy favorites to win the most medals, Norway sports short -115 odds of their total medal count topping 42.5. Should Norway fulfill that promise, they would surpass their own record for most total medals won at a single Winter Olympic Games.

Norway is expected to be particularly dominant on the slopes. Norwegians sit at or near the top of the betting odds in a number of Olympic events, including alpine skiing, giant slalom, and cross country skiing. They have also emerged as intriguing dark horses in curling; particularly in the men’s competition, where they sport +600 odds of reaching the podium.

USATo win OVER 23.5 medals at the 2022 Winter Olympics
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+115
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The Russian Olympic Committee sits second to Norway as a +900 bet to win the most medals. Germany follows at +1000, while USA joins Canada at +1400. The Russians have a lot to prove after reaching the podium just 17 times in 2018. That marked a major step back after they dominated as hosts at the Sochi Games four years earlier. Like Norway, the ROC will be sending a number of medal contending skiers to Beijing. However, their biggest hopes for gold may lie with the Russian men’s hockey team, which has vaulted to a short +150 gold medal bet in the wake of the NHL’s decision to not participate in this year’s Games.

Odds to Win Most Gold Medals at 2022 Winter OlympicsBovadaBetUS
Norway-500-500
Germany+650+500
Russian Olympic Committee+1000+1000
Canada+1400+1600
USA+1400+1500
Netherlands+4000+3300
China+10000+5000
Sweden+15000+8000
Switzerland+15000+12000
Austria+20000n/a
Japan+25000n/a
France+50000n/a
Italy+50000n/a
South Korea+50000n/a
Finland+75000n/a
Poland+100000n/a
Australia+200000n/a
Czech Republic+200000n/a

Skiers Key to Norwegian Success

Norway’s position as the nation to beat in Beijing extends to the odds to win the most gold medals, where they are perched as -500 chalk at BetUS. In 2018, the Norwegians matched the record set by Canada at the 2010 Vancouver Olympics with 14 gold medal wins, with 12 of those gold medals coming on the slopes.

Cross-country skier Johannes Høsflot Klæbo led the charge, reaching the top of podium on three occasions. The 25-year-old is expecting to once again contribute to the medal haul as a heavy -350 favorite on the odds to win the Men’s Individual Sprint Freestyle. But while Norway is well positioned to take home the most gold ever, they are favored as a -125 bet to finish the Games with fewer than 20.5 gold medals.

Germany has racked up the most gold medals in three editions of the Winter Olympics since 1992, and sits second to Norway as a +500 bet at BetUS. Winners of just two goal medals in Pyeongchang, Russia sports +1000 odds to dominate the top of the podium, and is also pegged as a rather short -145 bet to win at least 11 gold. Once again, USA faces tempered expectations. The Americans sit well off the pace as a +1500 wager to take home the most gold, and sport -150 odds of winning UNDER 8.5 gold medals.

Best Bets: Germany OVER 11.5 gold medals (+100); USA OVER 23.5 total medals (+115)

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Sean Maloney

Sean Maloney is an experienced writer, first starting out in the tech industry then pursuing his passion as a sports writer. He has a great interest in North American sports and strangely is also a keen darts fan. He spends his time focused on his work and family, with much of his free time spent with his twin daughters.