Olympic Sports Betting – 2020 Summer Olympics
Olympic sports betting isn’t exactly synonymous with the Olympics. However, since the proliferation of online sports betting at the turn of the century, bookmakers across the world have offered odds on just about every Olympics sport. In some jurisdictions, such as the regulated betting that takes place in Nevada at Las Vegas sportsbooks, betting on the Olympic games was only recently authorized with the first Olympic games available for betting in Nevada was Rio 2016. 2020 Summer Olympics should again beat the record of placed bets.
Olympic betting was previously not allowed in Nevada under a law concerning amateur sports that are non-collegiate. The Nevada Gaming Board voting unanimously in February 2015 for an amendment that allows betting sites to take bets on these events. William Hill, one of the largest bookmakers in the world offered up the first odds on the Games in Nevada. The United States men’s basketball team received got the most betting action early. They opened at -320 to win the goal medal in Rio 2016.
Best Sportsbooks To Bet On 2020 Summer Olympics
Betting On The Olympics – Tokyo 2020 Summer Olympics
Betting on the Summer Olympics is something one shouldn’t miss. They only come around only every four years. Olympic sports are frequently changed. Almost every year, there are new sports added and some that have been removed. The list of sports has changed a lot over the past few decades. Most of the sports in the Games are available for betting in domestic or international competitions.
The list of sports for the 2020 Summer Games are archery, badminton, basketball, beach volleyball, boxing, canoe / kayak, cycling, diving, equestrian, fencing, field hockey, golf, gymnastics, handball, judo, modern pentathlon, rowing, rugby 7s, sailing, shooting, soccer, swimming, synchronized swimming, table tennis, taekwondo, tennis, track and field, triathlon, volleyball, water polo, weightlifting, and wrestling.
Olympic Betting Strategy
Olympic betting isn’t much different than other competitions. Bettors should still utilize line shopping and bankroll management. Essentially, preparing yourself to bet the Games is gaining knowledge about the sports and each team. If you’re going to be wagering on medal counts of each Olympic team, then you’re going to need to gain a knowledge of each country’s competitors on the whole. For individual sports, much of the knowledge is already out there. The stakes change for the Olympics regarding the prize, but sports are still sports.
If you’re regularly betting on ice hockey and understand the game inside and out, the Olympics just offers more betting opportunities. The same goes for other sports like curling, although bettors will need a little more international knowledge. Betting on the summer Olympics isn’t much different than betting the same sport outside of the Olympiad. Bettors can utilize their knowledge of betting markets on finding some +EV betting opportunities.
Top 2020 Summer Olympics Sportsbooks For US Bettors
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Olympic Sports Betting – Markets & Betting Limits
Betting markets for the Olympics won’t be as expansive as major sports, even though the Games are watched by tens of millions around the world. To put it bluntly, even though they’re incredibly popular, that doesn’t always translate into betting action. Bettors seem to be more interested in wagering on sports like basketball, football, and soccer.
Putting their hard earned money down on the Brazilian water polo team just doesn’t have the same appeal. With that said, betting markets for the Games has increased in recent years. For sports like hockey and basketball, bettors can expect the traditional sides, totals, and money lines, with some props and live betting opportunities.
Olympic Prop Bets
Proposition bets also known as prop bets or props are bets made regarding the occurrence or non-occurrence during a game of an event not directly affecting the game’s final outcome. Olympic prop bets are an excellent betting opportunity to not only enlarge your bankroll but try your luck in making bets on at times outrages event such as Sport with the most drug-related disqualifications or Which nation will win the most bronze medals?
Sportsbook Variation In Olympic Betting
Bettors will see a lot of variation between bookmakers with the markets available for the Olympics. It is certainly something to check out if you’re looking to bet the Games extensively before you deposit.
Olympic Bet Limits
Betting limits have a wide range. Sports like basketball and hockey will probably be close or equal to that of the professional leagues or collegiate competitions. For other sports, especially those which aren’t popular outside of the Games may have substantially lower limits. The same can be said for most future bets, regardless of the sport.
Betting limits will also depend on the operator and market. European bookmakers have larger limits than most American betting sites, and it is more likely they will take more in the Olympics because many sports are more popular in European markets compared to American ones. Americans may be able to bet with higher limits at the higher limit professional sportsbooks, but most recreational sportsbooks will have small betting limits for the Games. Of these books, it is unlikely that you will be able to bet more than $1,000 in any market, and even that may be on the high end.
Betting On The Olympics – Beijing 2020 Winter Olympics
The Winter Olympics is one of the world’s biggest sporting events and so is betting on the featured sports. The most popular sports are ice hockey, cross-country skiing, and alpine skiing. These three sports are also the most popular sports to bet on. Sportsbook will offer plenty of odds before and during the winter Olympics on a multitude of winter sports.
The list of sports for the 2022 Winter Games are bobsled, luge, skeleton, ice hockey, figure skating, speed skating, short track speed skating, curling, alpine skiing, freestyle skiing, snowboarding, biathlon, cross-country skiing, ski jumping, and Nordic combined. Olympic sports are frequently changed. Almost every year, there are new sports added and some that have been removed. The list of sports has changed a lot over the past few decades. Most of the sports in the Games are available for betting in domestic or international competitions or leagues.
The Olympics – History
The history of the Olympics dates back farther than any other sport or competition. The Games were played between 776 BC and 393 AD in Olympia, Greece, but few realize that it took another 1503 years for the Olympics to return. The first modern Games were held in Athens, Greece in 1896. Up until 1994, the Olympics were held every four years with the Summer Games and Winter Games each taking place in the same year.
That changed in 1986 when the International Olympic Committee (IOC) decided to separate the Summer and Winter Olympiads. The change broke a 70-year-old tradition. Each of the Games is now held every four years, but they are separated by two years. This initially began with the 1992 Winter Games and 1994 Summer Games. The most recent Olympics was the 2018 Pyeongchang WinterGames, held in South Korea.
The next summer games are scheduled for Tokyo in 2020 and the winter games are scheduled to be held in Bejing, China in 2022. The Olympics from the opening ceremony to the closing ceremony last a little over two weeks. The Winter Games are held throughout the month of February. The Summer Games are held in August.