Guide to Betting on the Olympics

The Olympic Games are regarded by many as THE greatest sports competition in the world. This is ultimately a matter of opinion, but it’s telling that around half the entire population watch at least some part of the Games.

It’s no surprise that the Olympic Games attract such huge audiences. There’s quite literally something for everyone, with thousands of athletes from over two hundred countries competing in a wide variety of sports and events.

Even those who usually have no real interest in sports tend to find themselves captivated by the spectacle.

The Olympics also attract a lot of betting interest, from both casual bettors and serious gamblers. Betting on the Olympics can be great fun, and with so many different events taking place, there are plenty of opportunities for placing some good value wagers.

Our Olympics betting guide is an excellent resource if you’d like to learn more about betting on this prestigious sports competition. We cover all the basics you need to know if you’re new to betting, and there’s plenty of advice for more experienced bettors. There’s also a selection of interesting articles about the Olympic Games in general.

Everything that’s in this guide is detailed below, split across the following sections:

Best Olympics Betting Sites

One of the first things you’ll need to bet on the Olympics is an account at an online betting site. There are other ways to bet on the Olympics, too, but using the internet is by far the easiest. It also offers several other advantages over the more “traditional” ways of betting.

You shouldn’t just join ANY betting site, though. Almost all of the thousands of sites on the web offer at least some betting markets for the Olympics, but they’re not all of the same standard. In fact, there’s a huge difference in quality between the best and worst sites.

How do you find the best sites? With our help! We’ve put together the following list of recommended sites, all of which are great options for betting on the Olympics.

RankGambling SiteDeposit BonusGet Started
#1Bodog88 Sports Logo
Bodog88 Sports
50% Up To 888 RMBVisit Site

These sites are all top quality. They’re also completely safe to use, which is extremely important when gambling for real money online. We use them ourselves, and we’re very happy with the service we receive. We’re confident that they’ll cater to all your Olympic betting needs.

We take a variety of different factors into account when deciding which sites to recommend here. Some of these factors are more important than others, but they all influence our decision in one way or another. Here’s a list of some of the key points that make our recommendations stand out from the competition:

  • Reputable and Trustworthy
  • Extensive Coverage of Olympics Events
  • Wide Range of Betting Options
  • Competitive Odds and Lines
  • Good Bonuses and Promotions
  • Fast Payouts for Your Winnings

The first point on this list is the most important of all. We take great care to only recommend sites that have proved to be reputable and trustworthy, as we don’t want our readers getting scammed or ripped off in any way. Most sites can be trusted these days, thanks to improved regulation, but there are still a few shady ones in operation.

There’s more information on how we go about recommending sites on the following pages:

The 2018 Winter Olympics

The Olympic Games are split into two separate competitions – the Winter Olympics and the Summer Olympics. Both take place every four years, with two years between them. The Winter Olympics is the smaller of the two competitions, but it still features several different sports and events.

Somewhat obviously, the Winter Olympics are for sports that are practiced on snow and/or ice. They’ve always featured skiing in various forms, along with figure skating, speed skating, bobsleigh, and curling.

In recent years, additional sports have been added to the schedule. These include some other forms of skiing and skating, snowboarding, and skeleton (a type of sledding).

The introduction of more sports has helped to widen the appeal of the Winter Olympics. They were traditionally of interest primarily in North America and Europe, as most of the competing athletes came from these regions.

Over the last few years, however, athletes from nations such as South Korea and Australia have competed successfully in events. This has led to increased audiences around the world.

Each Winter Olympics is held in a different host city. To date, they have been held in eleven countries spread across the three continents. The United States has been home to the competition more times than any other country (4), most recently back in 2002.

The previous Winter Olympics were held in Sochi, Russia, in 2014. The next are to be held in PyeongChang County, South Korea, in February of this year. This is South Korea’s first Winter Olympics, although they also hosted the Summer Olympics in 1988.

Here are a few details on the upcoming Winter Olympics:

Official Title : XXII Olympic Winter Games
Also Known As : PyeongChang 2018
Date : February 9th – 25th
Host City : PyeongChang, South Korea
Official Motto : Passion. Connected.
Number of Sports : 7
Number of Events : 102
Participating Nations : 94

For more information, please see our detailed guide to this year’s event. It includes a full list of all scheduled events, and a look at some of the top athletes taking part.

The 2020 Summer Olympics

The Summer Olympics are higher-profile and more prestigious than the Winter Olympics. They feature a wider variety of sports, more events, and a higher number of participants. They also attract far bigger audiences.

Although the Summer Olympics can be traced back to Ancient Greece, the first “modern” Olympics were held in 1896. Just 241 athletes from fourteen nations took part back then, but the competition has grown and evolved significantly over the years.

The most recent Summer Olympics were held in Rio, Brazil, in 2016. Over eleven thousand athletes from nearly every country in the world took part. There was a total of 306 events spread across twenty-eight different sports.

A big part of the evolution of the Summer Olympics has been in the range of sports that it features. Only a few sports have been featured at every single Games, including athletics, swimming, and gymnastics. Several other sports have been introduced and then removed, while others feature in some years but not in others.

The governing body of the Olympic Games – the International Olympic Committee (IOC) – is ultimately responsible for deciding which sports feature and which don’t. They established the Olympic Programme Commission in 2004 to handle this, setting seven criteria by which to judge the eligibility of a sport. These criteria include the history and tradition of a sport, its popularity, and its image.

Their decisions often cause widespread debate. For example, it’s currently being suggested that competitive video gaming could feature at future Olympics. The esports community is fully behind this idea, as you’d expect, but there are many who don’t believe that video gaming should even be considered a sport.

There are several sports making their first appearance at the next Summer Olympics. These include karate, skateboarding, and surfing. They will be part of a schedule of over three hundred events in total, in over thirty sports.

Here’s a quick overview of all the key details of the upcoming Summer Olympics:

Official Title : Games of the XXXII Olympiad
Also Known As : Tokyo 2020
Date : July 24th– August 9th
Host City : Tokyo, Japan
Official Motto : Discover Tomorrow
Number of Sports : 33
Number of Events : 324
Participating Nations : 206 (TBC)

For more information on Tokyo 2020, please see the following page:

How to Bet on the Olympics

We mentioned earlier that the Olympics attract a lot of betting interest. This wasn’t always the case. Before the introduction of online betting, Vegas sportsbooks and bookmaking shops around the world took very little action on the competition.

This was partly because these operations didn’t offer many Olympics betting markets, and partly because bettors in general tended to focus on the most popular sports such as football, soccer, basketball, and tennis.

The internet has changed the sports betting industry, though. Betting sites are typically able to offer WAY more markets than traditional sportsbooks and bookmakers, and that’s affected the way people bet. Although the aforementioned sports still generate a lot of action, many bettors choose to spread their betting across a bigger variety of sports and events.

This approach can be a sensible one, as spreading your betting around offers a few distinct benefits. However, it’s important that you understand what you’re betting on. And in our experience, many bettors don’t know much about betting on the Olympics.

We say this because we get asked a LOT of questions about this subject. There are a few that we hear time and again, such as the following:

  • Why bet on the Olympics?
  • What betting markets are available?
  • Where can I bet on the Olympics?
  • What types of wagers can I place?

Rather than answer these questions here, we’ve put together a complete guide to betting on the Olympics for beginners. It answers all of these questions, and more, and provides lots of useful advice for getting started.

Olympics Betting Strategy & Advice

There’s one question that we get asked more than any other about betting on the Olympics:

How can I make money betting on the Olympics?

The obvious answer is “win all your wagers,” but that’s not very helpful! The truth is that this is a hard question to answer in just a sentence or two.

It’s definitely possible to make money from betting on the Olympics, but there’s no magic formula that guarantees success. You’re going to need to work hard and put in plenty of effort.

That effort should start long before the Olympics actually get underway. Being fully prepared will put you in a strong position to decide what to bet on and what wagers you place. This is something we explain in more detail in the following article:

Part of your preparation should involve planning which strategies you want to use. Developing your own systems and strategies should be your ultimate goal, but you’ll need lots of experience and knowledge before you’re ready to do that.

In the meantime, the following article features a few basic strategies you should consider using.

The strategies in the above article are all general strategies that can be applied to betting on virtually anything at the Olympics. We’ve also got some more specific strategy advice for you in the articles listed below.

Take the time to read all this material and you’ll almost certainly improve your chances of winning some money. And we’ve got even more for you, too! The strategy section of our main sports betting guide features a TON of useful of information and advice. It’s not all relevant to betting on the Olympics, but most of it should help you in one way or another.

More Olympics Information

The final section of our Olympics betting guide is not related to betting at all. Everything here is just about the Olympic Games in general.

Although there’s nothing that will DIRECTLY improve your chances of winning money, we still recommend having a read through the articles in this section. It definitely doesn’t hurt to know more about the competition before betting on it, and there’s a lot of interesting stuff here.

To start with, we’ve written all about the history of the Olympic Games. This includes detail of its origins, how it’s evolved, and information on specific Games that have taken place over the years.

The following articles are about various aspects of the Olympics Games. We’re looking to expand this further in the future, so please let us know if there’s anything you’d like to see added.

The Most Successful Olympians of All Time

A look at the sportsmen and women who have achieved the most at the Olympic Games. Includes details of legends such as Carl Lewis, Michael Phelps and Birgit Schmidt-Fishcer

Records at the Olympics Games

Statistics, records and interesting facts from throughout Olympic history.

Major Upsets & Shocks at the Olympics

The history of the Olympics is filled with shocks and upsets. Read all about the biggest ones here.

Scandals at the Olympic Games

The Olympic Games have not been without their share of scandals. We’ve covered the most famous ones in this article.