The Olympic Games are the pinnacle of excitement for sports betting enthusiasts, offering a vast array of betting opportunities. The 33rd Olympiad, also known as the Paris Olympics, is set to take place from July 26 to August 11. Since being awarded the Summer Games in 2017, France has meticulously prepared its venues to host 329 events across 32 disciplines, showcasing the talents of hundreds of athletes from over 80 countries. The Paris 2024 Olympics is anticipated to generate the highest betting volume ever for a Summer Games, with the popularity of Olympic betting odds soaring globally. An estimated 40 million Americans are expected to place bets on the Paris 2024 Olympics, utilizing both traditional sportsbooks and online betting platforms, which are prepared to offer hundreds of thousands of betting options.
The Olympic Games are held every four years. This schedule applies to both the Summer and Winter Olympics, which means there is an Olympic event every two years, alternating between the Summer and Winter Games.
The Olympic Games program includes a wide range of sports, varying from traditional athletics and team sports to newer additions. For the Summer Olympics, you can expect sports like athletics, swimming, gymnastics, cycling, and basketball. The Winter Olympics feature sports such as skiing, ice skating, snowboarding, and ice hockey. The specific sports and disciplines can vary from one Games to another, with the International Olympic Committee (IOC) periodically updating the lineup.
The odds for different sports at the Olympic Games are available on our website. You can find them by navigating to the Olympic section, where you’ll see a list of sports and events. Click on the sport or event you’re interested in to view the odds and betting options available. We regularly update our odds to reflect the latest information and developments.
For those residing in the US and looking to engage with the Paris 2024 Olympics through betting while watching on TV, numerous online sportsbooks are ready to offer a wide selection of betting opportunities. Although state-regulated sports betting exists in certain areas, not every state provides legal odds for Olympic events, and many impose significant taxes on these odds. Notably, the concept of legal Olympic wagering was introduced with the 2016 Rio de Janeiro Olympics being the first to offer such betting lines in the United States. Bettors have the choice to place their bets physically at sportsbooks offering Olympic odds. Nevertheless, for an optimal betting experience on the Summer Olympics, platforms such as Parimatch, GGBet, and Betwinner are recommended for their diverse odds on identical events.
Olympic betting odds for Paris 2024 will vary widely among online bookmakers, reflecting the diverse betting landscape for this event that spans nearly three weeks. It’s crucial to compare odds across different platforms to secure the best returns for specific competitions or outcomes. The Paris 2024 Olympics will feature a broad spectrum of bet types and prop bets, with a significant focus on events like Team USA basketball.
The preference for betting among US gamblers typically leans towards sports they are familiar with. The 2020 Olympics highlighted this trend, with basketball and soccer receiving the majority of bets (45% and 34%, respectively), while 28% of Olympic bettors placed wagers on gymnastics. The interest in Winter Olympics betting is more diversified, including sports such as cross-country skiing, alpine skiing, snowboarding, and the biathlon, attracting considerable betting action.
The United States often features prominently in the odds for winning the most gold medals, but betting extends beyond just the top contenders. Futures bets on which nation will secure the most golds, as well as over/under bets on the total medals countries will win, are popular. Nations like China, Japan, Australia, and Great Britain frequently emerge as strong contenders in the Summer Olympics, aside from the USA.
The American moneyline betting system is straightforward, with bets indicated as either positive or negative numbers. These numbers act as the “price” for placing bets, with negative numbers (-) signifying the favorites and positive numbers (+) indicating underdogs. In events with more than two competitors, the favorite may also have a positive moneyline but will be the smallest positive number, reflecting their status. The moneyline essentially tells you the amount needed to bet to win $100 with a negative number, or the potential winnings from a $100 bet with a positive number. For instance, betting on the US Men’s canoeing team at -210 odds versus Team Spain at +140 means a $210 bet on the US would net $100, while a $100 wager on Spain could earn $140.
Odds for the Olympics can appear in American (moneyline), British (fractional), or European (decimal) formats, with most US-facing sportsbooks using the moneyline format. Though fractional odds are common, and decimal odds less so, understanding all three types is beneficial for bettors, especially as European markets often use fractional odds for Olympic events.
The schedule for the Paris 2024 Olympics begins with the soccer and rugby events on the first day of the Olympics (July 24). The momentum continues into the second day with competitions in archery and handball taking place before the official lighting of the Olympic torch.
Please be aware that there will be a pause in the games on July 26, which is reserved for the Opening Ceremony of the 2024 Paris Olympics.
| Aquatics | July 27 – Aug 11 | 49 Events |
| Basketball | July 27 – Aug 11 | 4 Events |
| Boxing | July 27 – Aug 10 | 13 Events |
| Canoeing*** | July 27 – Aug 10 | 16 Events |
| Cycling | July 27 – Aug 11 | 22 Events |
| Football* | July 24 – Aug 9 | 2 Events |
| Gymnastics**** | July 27 – Aug 10 | 18 Events |
| Handball** | July 25 – Aug 11 | 2 Events |
| Tennis | July 27 – Aug 4 | 5 Events |
| Triathlon | July 30-31, Aug 5 | 3 Events |
* Football (soccer) off days include July 29, Aug 1, Aug 4, Aug 7.
** Handball is off on Aug 5.
*** Canoeing takes a break during the Slalom events on Aug 2.
**** Gymnastics is off on Aug 6 and Aug 7 in between the Artistic and Rhythmic events.
