This article will show you where and how to bet on the Olympics online for the Tokyo 2020 summer games!
It’s been delayed by a full year due to COVID-19, but the 2020 Summer Olympics are taking place right now and this article will give you all of the details you need to know.
Fun Fact: You might have thought it would be called the 2021 Summer Olympics, but all of the merchandise and branding was completed before COVID ever started.
Topics we’ll cover –
- Where to bet the 2020 Olympics online
- What sites are available for betting the olympics
- Which sites offer the most options and olympic events
- What sites provide the best bonuses for new players
- How to read Olympic betting lines and what they mean
- Odds offered for popular Summer Olympic bets and Olympic prop bets
Olympic Prop Bets
Most sportsbooks offer betting on individual and team Olympic events, but not all offer a large amount of props. For example –
Bovada has USA vs The Rest of the World in total medals. This is pretty self explanatory, you can bet on the USA to win the most number of total medals.
MOST OVERALL MEDALS AWARDED
USA -1400 | ANY OTHER COUNTRY +650
USA TOTAL GOLD MEDALS AWARDED
OVER 112.5 -150 | UNDER 112.5 +115
More props become available as the event you’re looking at approaches. Be sure to check the “specials” and “futures” sections of your sportsbook to uncover some hidden props that might not be located in the “Olympics” wagering section for some reason.
You will also find props for the popular team sports (soccer and basketball) in that broader sport category. At Bovada, you’ll notice something like (+65 bets) in the match odds listing. Clicking that link will expand the proposition bet options for that match.
So what do the numbers mean beside each team/competitor?
When you see a negative number, that is the amount you must risk in order to win a profit of $100
When you see a positive number, that is the amount you will profit if you risk a wager of $100
You can learn more about the basics of sports betting odds and lines by checking out our article “Sports Betting For Dummies“
What site offers the best bonus for betting on the Olympics?
Most of our recommended sites offer generous deposit bonuses, particularly if you deposit with crypto such as Bitcoin, ETH, or other alt coins.
Using crypto for your funding and withdrawal method also means more security, privacy, and much faster completion of the process. Since there is less fraud with crypto, our recommended sites can offer more attractive bonuses due to less costs associated with credit card processing and fraud.
The following bonuses are based on using crypto as your funding method.
Bovada – 75% Deposit bonus on first deposit. Reload bonuses offered via loyalty points program
BetOnline – 100% deposit bonus on first deposit. Perpetual 35% reload bonuses
MyBookie – 100% deposit bonus on first 3 deposits (up to $1000 each)
What Olympic Events Can I Bet on?
There are hundreds and hundreds of Olympic events offered for wagering. From the most popular, like the Men’s 100 meter to the most obscure events such as Women’s Badminton, you can put money on all of them.
Here is the complete list of current available markets for betting the Tokyo Summer Olympics. The number in brackets after the category is the number of events inside of each one. So you can see there is an enormous number of options!
Medal Markets – Total Medals (20)
Medal Markets – Most Medals (2)
Athletics – Men’s Track Events (4)
Athletics – Men’s Field Events (8)
Athletics – Women’s Field Events (8)
Athletics – Women’s Track Events (2)
Still Can’t Decide Which Site to Bet On the Olympics At?
We got you covered! You’ll find a complete our complete reviews of the best online sportsbooks here. With any recommended site here, if you ever encounter an issue (hasn’t happened in 14 years), I’ll be happy to use my inside contacts to help you reach a positive resolution.
