Last updated on: July 24th, 2024
Olympics Betting Odds For Paris 2024
With 329 medal events in the 2024 Paris Games, there are many ways to bet on the Olympics this year. The best Olympic betting sites offer odds well before trials, heats, or semifinal events and they also include prop bets surrounding each competition. One of the most popular bets is on the total medals won by each country or who will win the most. But, with each discipline comes a handful of other ways to bet. For Americans who want to bet on the 2024 Paris Olympics Games, we suggest using Bovada or BetOnline as the sportsbooks of choice.
What States Can I Bet On The Olympics In?
While there are plenty of states with legal sports betting, the ability to bet on the Olympics comes down to state regulations. With 39 states (with DC) approved to have sportsbooks, five won’t have odds available. While we recommend using the sites below for the best action no matter where you are, these five states must resort to them as the first choice.
Best Sites To Bet On The Olympics 2024
| Rank | Sportsbook | Bonus Offer | Play Now |
|---|---|---|---|
| 1 |  |
Exclusive 50% Bonus Code up to $1000!Read Review | BVD1000 in Cashier |
| 2 |  |
50% Up To $1,000Read Review | Visit BetOnline! |
| 3 |  |
50% Up To $1,000 Read Review | Visit MyBookie! |
| 4 |  |
100% Up To $300Read Review | Visit Xbet! |
| 5 |  |
50% Up To $1,000 Read Review | Visit SportsBetting! |
#1
Bovada Sportsbook
The Top Online Olympic Betting Site
Known to many as the top legal online betting site to bet on the Olympics, Bovada has tons to offer. From big paying bonuses, to a platform that any novice bettor could use and great mobile compatibility, they have all the makings of a great online sportsbook. They also have some top quality odds to offer on the Olympics as well that compete with some of the other top online sportsbooks in the industry.
Rating: 
- Live Betting
- Big Bonuses
- Easy To Use
- Mobile Betting
- Best Odds
Odds For Most Gold Medals At 2024 Paris Olympics
The easiest bet to make is who will win the most gold medals at the Paris Olympics. The United States is always a clear favorite, having led this grouping 18 times. For comparison, the next highest is the Soviet Union at six, and a few other countries have one to their name as well. China has been the toughest challenge in recent events, as they were short only one Olympic Gold in 2020 compared to the US, and beat them outright in 2008 Beijing Games.
- Most Gold Medals – Paris 2024
- USA -850
- China +400
- France +8000
- Japan +8000
- Great Britain +8000
- Australia +25000
- Germany +25000
- Netherlands +25000
- Italy +50000
- Brazil +100000
- Canada +100000
- South Korea +100000
- Spain +200000
How Many Gold Medals Will The USA Win?
- USA Gold Medal Total
- Over 39.5 -145
- Under 39.5 +110
Most Popular Summer Olympic Events For Bettors
Every Olympic event in Paris has many different iterations at legal sportsbooks online such as individual, duo, and team-based competitions. Personal preference and knowledge of the sport help in winning money. But, the most popular Olmypic events to bet on are athletics (i.e. track and field), swimming, basketball, and soccer based on their constant TV coverage.
#2
BetOnline Sportsbook
Olympic Betting With Cryptocurrency
There are many ways to fund your sportsbook account for Olympic betting and cryptocurrency has to be the easiest. BetOnline lets you use Bitcoin, Ethereum, Dogecoin, Tether, and about a dozen other altcoins too. Paying out this way as well, it’s the perfect method for younger bettors. Aside from crypto, BetOnline also accepts major credit cards and bank transfers to make sure people are happy.
Rating:
- Reliable Banking Methods
- Strong Server Connection
- 10+ Year Track Record
- Huge Assortment Of Odds
- No App Mobile Betting
2024 Summer Olympic Sports
- Archery
- Artistic Gymnastics
- Artistic Swimming
- Athletics
- Badminton
- Basketball (3×3)
- Basketball
- Beach Volleyball
- Bmx Freestyle
- Bmx Racing
- Boxing
- Breaking
- Canoe
- Cycling Track
- Diving
- Equestrian
- Fencing
- Football (Soccer)
- Golf
- Handball
- Field Hockey
- Judo
- Marathon Swimming
- Modern Pentathlon
- Mountain Biking
- Rhythmic Gymnastics
- Road Cycling
- Rowing
- Rugby
- Sailing
- Shooting
- Skateboarding
- Sport Climbing
- Surfing
- Swimming
- Table Tennis
- Taekwondo
- Tennis
- Trampoline
- Triathlon
- Volleyball
- Water Polo
- Weightlifting
- Wrestling
Shopping Lines At Olympics Sportsbooks
Line shopping is something that needs to be done before betting on any Olympic sport. In short, shopping lines is scanning each bookie to see who offers the best value. Because legal sports betting isn’t standardized, sites offer different odds and spread values. Compare this to reviewing where to buy Jordans. You wouldn’t purchase the first shoe you see, so why would bet the first line you see? While it might not seem like much, overtime, finding the best value puts you closer to making money or breaking even.
#3
MyBookie Sportsbook
Shop Lines At MyBookie, Compare With BetOnline
Using your phone to bet on the Olympics can be done conveniently with MyBookie, This makes it easy to review the betting lines here compared to other sportsbooks. Sometimes they won’t have the best value but oftentimes, MyBookie is a great choice for mobile betting. Without an application to download, access their Olympic odds before or after logging in. The top smart devices such as iPhone, Android, and Samsung all work with MyBookie.
Ratings:
- Huge Player Bonuses
- Consistent Odds
- Easy Interface
- Rapid Live Betting
- Legal In Hawaii
How To Sign Up At Legal Olympics Betting Sites
Signing up at a sportsbook for 2024 Olympic Games betting takes about as long Usain Bolt took to finish his Olympic record-setting 100-meter run back at the 2012 Summer Olympics (9.63 seconds).
Info Needed For Sportsbook Registration
- First/Last Name
- Date Of Birth
- Phone Number
- Postal Code
- Make A Password
How To Deposit Into A Legal Olympics Sportsbook
Sportsbook users have many legal sportsbook deposit options at their disposal when using an Olympic-worthy sportsbook. It works similar to any other online purchase, but there are transfer limits that you must abide by.
- Cryptocurrency: The depositing method with the largest bonuses, fastest transaction times, and highest maximums is cryptocurrencies. The steps at sportsbooks that take cryptocurrency include: purchase a coin through an online exchange. Afterward, head to your sports betting site of choice and select crypto as your preferred method. Follow the instructions there, and add their wallet address to your exchange as you go to send it. Funds will be available to bet within minutes.
- Credit/Debit Cards: Credit and debit card deposits are the ones most are comfortable with. Simply choose the sportsbook, click on the credit/debit card icon or section, and deposit. Keep in mind sportsbooks that accept credit cards sometimes come with a fee, so review their terms before finalizing your transfer. Another major point here is that withdrawals are not available back onto credit or debit cards, so you’ll have to find another withdraw method to use.
Picking The Best Olympics Betting Bonus
Every one of the best legal Olympic sportsbooks will offer some form of a deposit bonus. Those sportsbook bonuses and promotions range in match percentage, maximum values, and rollover requirements. Bonuses are a great way to either grow your bankroll or simply practice.
Olympic Sports Betting Bonuses
| Sportsbook | Bonus Percentage | Maximum Value |
|---|---|---|
| Bovada’s Best Sportsbook Bonus | 75% | $750.00 |
| BetOnline Olympic Betting Bonus | 50% | $250.00 |
| MyBookie Bonus For Sports | 50% | $1,000.00 |
#4
SportsBetting Sportsbook
Promotions For Online Olympic Betting
The promotions that are offered at SportsBetting are some of the top in the online sports betting space as they give the most bang for your buck. Upon your initial deposit, find a match up to $1,000 or 50%, whatever is less. Even after you take advantage, they offer a reload bonus that lets you earn up to $250 in bonus funds every time you make a deposit. Their site is comparable to BetOnline, as they have the same owners. However, the Olympic betting bonuses at SportsBetting tend to be better here.
Ratings:
- Efficient Site Layout
- Full Mobile Betting Suite
- Available Customer Service
- Trustworthy Banking Options
- Fast Payout Times
How To Bet On The Olympic Games
Like all forms of sports betting, knowing how to bet on the 2024 Paris Olympic Games is simple, but making the correct bets requires a bit of knowledge. Every event will have betting lines and odds for you to wager on. Similar odds like moneyline, spread, and over/under will be available for the sports that are applicable. US Olympic sportsbooks also take waon events like basketball, track and field, gymnastics, and diving all with betting lines for every country participating. You will also find prop bets like how many medals a given country will have. The Olympics brings forth a slew of betting opportunities for sports bettors. The options on offer at online sportsbooks are substantial, and with the wide array of events during the Olympics, betting opportunities are increased.
Olympics Straight Betting
The straight moneyline, or straight-up bet, is the most common type of Olympics wager you’ll come across. With straight ML betting, you simply pick the winner of any given individual or team event, and you’re paid out according to the associated moneyline odds. All wager types have their associated moneylines (which indicated the financial terms, or “odds”, of the bet), but straight betting is wholly defined by the moneyline – there is no handicapping involved. An Olympic straight bet on, say, a soccer match, will look something like this:
– Brazil -135 vs. Germany +140
The favorite (in this case Brazil) is always shown with a negative moneyline, which indicates how much money you have to wager to win $100. Meanwhile, the underdog (in this case Germany) is almost always shown with a positive moneyline, which is how much money you stand to win on a $100 wager. (Moneylines are ratios, not minimums, as most Olympics betting sites will take bets of as little as $0.50 to $1.00.)
Olympics Spread Betting
Spread betting is less common in the Olympics (it is an absolute standard in most sports), though you’ll find plenty of spreads over the course of the tournament. Spreads are typically used mostly in team sports, as they are a way to handicap the favorite to encourage more betting on both sides. The following rugby line is an example of Olympic spread betting:
– Fiji +7.5 (-110) vs. Japan -7.5 (-110)
Here, Fiji is a 7.5-point favorite over Japan, who is consequently a 7.5-point underdog. Thus, a wager on Fiji is only a winner if they beat Japan by 8 or more points. A wager on Japan will be a winner if Japan wins outright or loses by up to 7 points. Half-point increments are usually used to avoid “push” results, which causes the sportsbook to refund all action on the wager and is thus unprofitable for the service. Note the moneyline in parentheses, which shows that regardless of which team you choose, the bet’s “cost” is a ratio of $110 risk to $100 reward.
Olympics Totals Betting
Olympic totals betting is the third of the “big three” wager types you’re going to come across when betting on the Games. Unlike the above two, however, totals bets aren’t concerned with winners or losers. Instead, they are numbers assigned to a contest that represent the final total points scored between both teams or competitors. The sportsbook picks a number, and you simply wager on whether the total final score will be higher than (“over”) or lower than (“under”) that score. This is why totals wagers are often called over/under – aka O/U – wagers. Consider the following Olympic basketball totals line:
– United States vs. Spain O/U 161.5 (-110)
In this matchup, your sportsbook has set the O/U at 161.5 points. Let’s say the US beats Spain 82-76. This adds up to 158 points, which is under the book’s published number. Thus, the “under” bet wins. Had the final score been something like 94-87, that would have added up to 181, well over the book’s O/U threshold, so the “over” bet would have won. Again, note that the associated moneyline or “price tag” is included in parentheses beside the bet.
Olympics Futures Betting
2024 Olympic futures betting odds operate the same way as any other futures bet does for other sports. Betting in advance often comes with larger payouts but at the cost of additional risk and time. Futures bets are not only a way to gain extra value on bets, but they also build the excitement for the games themselves.
Other Legal Olympics Sports Betting Options
There are legal Olympics betting options you’ll come across at various sportsbooks both online and on-land. These include things like futures bets, player prop bets, team prop bets, specials, parlays, and more.
Futures are extremely prevalent in Olympics betting, as large field odds are posted well ahead of time of most contests. Individual sports have especially robust futures selections, where you can wager on certain outcomes weeks or even months in advance.
Prop bets take the form of over/under and “yes/no” bets, and these can be individual-based or team-based. Examples of Olympic prop bets would be to pick whether or not a certain athlete will clear the 100-meter sprint under a certain time limit or whether a basketball team will give up more or fewer than a given number of points in the paint.
Specials bets are akin to props, but they’re typically concerned with things that are ancillary or tangential to a given matchup. Even the 2024 Olympic Games itself can have specials bets, like how long each country’s anthem will be on opening night to how many spectators will be in the stands for a particular soccer match. Additionally, bettors can string multiple wagers together to form parlays, which will always pay out better than hitting on all the constituent bets individually. If a wager is live at your book of choice, chances are you can add it to a parlay ticket.
#5
XBet Sportsbook
Top Safety Measures
Safety is a major factor at XBet and they put so many features in place to protect all of your information. They use encryptions to protect your personal and financial information that way every time you make a deposit or withdrawal into your account. In the event of any issue coming up, their customer service happens to be one of the best in the industry as they run 24/7 and will walk you through any issues.
Ratings:
- Worry-free Legal Betting
- Exclusive Bonus Offers
- Constantly Updated Odds
- Premier User Experience
- Full Mobile + Live Betting
Betting On The Olympics From Your Mobile Phone Or Tablet
With all the different ways to wager on the Olympics, you might feel overwhelmed. Don’t! In fact, not only is it simple to read the odds boards and wager on the Olympics, you can do so quickly and efficiently, even on your smartphone or tablet! Available in just a few taps and swipes, mobile US sportsbooks take wagers on all Olympic odds props and lines.
Live Betting On The Olympics
Live betting odds on the Olympics are now more accessible than ever. Choosing to live bet on the games has proven to be a great strategy for many bettors as they can get a feel for how the games are going, their individual participants, and sometimes how the game is played. Live betting has also shown it’s worth to bettors when they miss the start of the game, as live betting options mean that it is never to late to get in on the action.