The Beijing Winter Olympic Games are in the midst of a doping scandal after Russian Olympic Committee (ROC) figure skater Kamila Valieva tested positive for Trimetazidine. While the IOC will allow her to compete, it has suspended figure skating medal ceremonies pending further investigation. How does such a situation impact Olympics betting?
When it comes to this issue, who eventually ends up with the medal might not have any impact on your wager.
No Medal Ceremony For Team, Women’s Singles Figure Skating
Figure skaters will have to wait until after the conclusion of the Winter Olympics to receive any medals. This decision comes after ROC figure skater Valieva tested positive for a banned substance.
RUSADA, Russia’s anti-doping agency, released the positive drug test on Feb. 8. The delayed test results stem from the Russian Figure Skating Championships on Dec. 25.
RUSADA provisionally suspended Valieva after the results were released, but she challenged the suspension and it was lifted on Feb. 9.
The IOC and World Anti-Doping Agency appealed the decision to lift her suspension because RUSADA did not provide any grounds for its reversal.
The Court of Arbitration for Sport (CAS) denied the appeal on Feb. 14 and upheld RUSADA’s decision, allowing Valieva to compete in the women’s singles event. CAS cited her status as a minor and the “irreparable harm” not allowing her to compete could cause as reasons to allow her to skate.
The IOC decided to delay medal ceremonies during the Games until the case concludes. The CAS ruling only pertains to her eligibility to compete, not the entirety of her doping case.
If Valieva places within the top three of the singles event, medal ceremonies will be on hold. The ceremony for the team event, where the ROC currently stands to win gold, is also delayed.
What does this decision mean for Olympics betting futures?
Valieva Is Betting Favorite To Win Gold At Beijing Olympics
Some online sports betting jurisdictions allow you to wager on women’s figure skating. Valieva is the heavy favorite both to place in the top three and to win the women’s singles event.
At BetMGM Sportsbook, Valieva is -5000 to place in the top three. She is -450 to win the event outright.
Kamila Valieva (ROC)
Anna Shcherbakova (ROC)
Alexandra Trusova (ROC)
Other Not Listed
Kaori Sakamoto (JPN)
Loena Hendrickx (BEL)
Mariah Bell (USA)
Alysa Liu (USA)
Kim Yelim (KOR)
Does your wager on this event get graded at the conclusion of the competition? Or does the wager stay open until the IOC has officially given out medals for figure skating?
According to BetMGM’s house rules, bets are graded based on the final results published by the governing authority of the sport.
Any changes made more than 24 hours after the final results are published will not be taken into consideration.
All bets that relate to the final result of the event/tournament will be settled based on the official result published by the governing authority of the respective sport/league/event. This typically occurs shortly after the event ends. BetMGM/Borgata reserves the right to correct settlement if the official result is changed within 24 hours after the end of the event by the respective governing body. BetMGM/Borgata will not take into consideration any amendments or disqualifications that occur more than 24 hours after the event ends.
Since it is unlikely the medal ceremony will be held within 24 hours of the end of the competition, it will not have any bearing on figure skating wagers.
The same holds true for all wagers placed on the total medal count. Changes made after the official medal table is released will not impact bets.
While this is the case for wagers made at BetMGM, every sportsbook operates by its own house rules, so check them before wagering.