Summer Olympics

Live Odds And Betting Strategy

Olympics odds Summer betting

The 2020 Summer Olympics were postponed a full year due to the COVID-19 pandemic, but the games are now finally underway. Betting options on this year’s Olympics, which is being hosted by Japan in the city of Tokyo, are plentiful as the games get started. Here we will look at updated Olympics odds from the top US sportsbooks, such as DraftKings Sportsbook, FanDuel Sportsbook, BetMGM and more.

Olympics odds

Odds for the Summer Olympics are up and available to wager on at top US sportsbooks.

CLICK HERE FOR OLYMPICS BETTING COVERAGE ON INDIVIDUAL SPORTS

Here are the Summer Olympics odds for most gold medals.

Most Gold Medals Odds

Game
(Eastern Time)
(EST)
USA
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-1500
China
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+900
Japan
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+3400
New Zealand
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+10000
Netherlands
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+10000
Germany
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+10000
France
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+10000
Italy
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+10000
Ireland
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+10000
ROC
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+10000
Australia
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+10000

And here are the Summer Olympics betting odds for most total medals.

Most Total Medals Odds

Game
(Eastern Time)
(EST)
USA
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-20000
China
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+5500
South Korea
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+10000
Japan
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+10000
Netherlands
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+10000
Great Britain
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+10000
Ireland
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+10000
France
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+10000
Russian OC
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+10000
Hungary
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+10000

Gold medal count

 

One of the most straightforward bets you can make on the Olympics is on which country will win the most gold medals. At most sportsbooks in 2016, the US was around a -600 favorite to win the most golds. There will also be Over/Under markets on how many medals individual countries will win. For instance, in 2016 the total for the US was set around 103.5 at most books.

A bet on Team USA to win the most gold medals and the most total medals would have been a winner five years ago. The US brought home 46 gold medals and 121 total. Great Britain was second in terms of gold medals won with 27, and China had the second most overall medals with 70.

An Over bet on Team USA’s total medal count also would have been a big winner.

Best Olympics betting sites

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ACTION
1
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List of events

Here is a list of Tokyo 2020 Olympic events, many of which will have betting markets:

Opening odds

Here are how the original odds looked at DraftKings Sportsbook for most gold medals and most total medals.

Most Gold Medals

CountryOdds
USA-1200
China+600
Japan+2500
Great Britain+2500
Russian OC+2500
Germany+20000
Australia+20000
Netherlands+20000
France +25000
South Korea+50000
Canada+50000

Most Total Medals

CountryOdds
USA-1000
China+450
Russian OC+2000
Great Britain+4000
Japan+5000
Germany+20000
Australia+20000
Netherlands+20000
France+25000
South Korea+50000
Canada+50000