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AN IN-DEPTH GUIDE TO BETTING ON THE OLYMPICS

For many, the Olympics is the ultimate sporting spectacular and is watched by
millions around the globe. In our ultimate guide, we discuss all you need to
know about betting on the Olympics. We’ll cover the top Olympic sports, the
different betting types, and find you the best Olympics betting sites.



The TOP 4 Olympics Betting Sites Best Olympics Betting Sites Bonus Offers
Highlights Rating Secure Link T&C’s BetVictor Bet £10 Get £30 In Free Bets
19,000, 15, Money back specials 5.0/5 Score Visit Site! Full T&Cs Apply! New
customer offer. Please gamble responsibly. 18+ 888sport Up to £30In Free Bets
33, 38+, Daily Promos 4.9/5 Score Visit Site! Full T&Cs Apply! Min deposit £10 •
A qualifying bet is a ‘real money’ stake of at least £10 • Min odds 1/2 (1.50) •
Free Bets credited upon qualifying bet settlement and expire after 7 days • Free
Bet stakes not included in returns • Casino Bonus must be claimed within 7 days
and expires after 14 days • To withdraw any winnings from the Casino Bonus,
wager the Bonus amount 40 times within 14 days • Withdrawal restrictions,
payment methods, country & Full T&Cs apply. 18+. BeGambleAware. bet365 Bet £10
Get £50 In Free Bets 33, 37+, Best odds 4.8/5 Score Visit Site! Full T&Cs Apply!
Open Account Offer. New Customers only. Bet £10* & Get £30* in Free Bets. Sign
up, deposit between £5* and £10* to your account and bet365 will give you five
times that value in Free Bets when you place qualifying bets to the same value
and they are settled. Free Bets are paid as Bet Credits. Min odds/bet and
payment method exclusions apply. Returns exclude Bet Credits stake. T&Cs, time
limits & exclusions apply. Registration Required Karamba Get £15Free Bet 33,
35+, Odds enhancer 4.7/5 Score Visit Site! Full T&Cs Apply! 18+. Only available
for New Customers. Deposit minimum £10. Skrill and Neteller not accepted for
bonus. Up to £15 available as Free Bet token. To receive the Free Bet token,
deposit £10 and make a qualifying bet of £10 at odds equal, or greater, 1/1
(2.0)

Written by: Luke Andrews
Updated on: 14.02.2023


TOP 4 OLYMPICS BETTING SITES

 * 🥇 BetVictor ✪ Our Top Operator ✪ Best Olympics Betting Site
 * 🥈 888sport ✪ Best for New Players ✪ Daily Olympics Betting Bonuses
 * 🥉 bet365 ✪ Great Live Olympics Betting Site ✪ Top Olympics Betting App
 * ✪ Karamba Sports ✪ New Olympics Bookie ✪ Secure Olympics Sportsbook

When it comes to key qualities and features, each of the suggested sportsbooks
excels in different categories. For instance some bookies will offer lucrative
daily promos, while others will have better odds and more diverse markets. With
that in mind, let’s breakdown the best Olympics betting sites.

Best Olympics Betting Sites by Category:

🏆 Best Olympics Betting Site BetVictor 👮 Most Secure Olympics Bookie Karamba
Sports ▶️ Best Olympics Livestreams bet365 📈 Top Olympics Market Selection
bet365 💰 Best Olympics Betting Odds 888sport

🔎 Best Live Olympics Betting Site bet365 🎁 Top Olympics Betting Bonus 888sport
📱 Best Olympics Betting App bet365 🔝 Top Olympics Bookmaker BetVictor 🆕 New
Olympics Bookie Karamba Sports

After carefully examining each operator on our UK online bookies list, it should
be a little easier to pick the right one for your needs. What’s more, we’ll
explore further other fundamentals and features that are all greatly related to
betting on Olympics games. Stick with us till the end of the guide to learn
about some useful strategies, betting tips, and much more.


THE MOST POPULAR OLYMPIC SPORTS YOU CAN BET ON

With over 30 sports, nearly 50 disciplines, and hundreds of races, there is
plenty of opportunities for Olympic Games betting. While not every event will be
available at every bookmaker, the top Olympic sports betting sites have a
massive range of choices for you to wager on.

The Most Common Olympic Sports Olympic Sport Governing Body Olympic Since
Participations Most Gold Medals Swimming FINA 1896 (Women 1912) 32 USA (248)
Gymnastics FIG 1896 (Women 1928) 32 USSR (72) Track and Field IAAF 1896 (Women
1928) 32 USA (335) Football FIFA 1900 (Women 1996) 26 (Women 6) Hungary, GB (3)
USA (Women, 4) Basketball FIBA 1936 (Women 1976) 19 (Women 11) USA (15, Women 8)

The table above shows the most-backed sports when Olympic betting, there are of
course other sports that we have not included in the table; such as boxing,
fencing, weightlifting, rowing and judo among many others. In the next section,
we will take a look at some of the most popular markets that Brits bet on.


SWIMMING

Sixteen swimming events take place at the Olympics and these cover distances of
50m, 100m, 200m, 400m, 800m, 1,500m and even 10,000m. Butterfly, backstroke,
breaststroke, freestyle, and individual medley events make up the majority of
the swimming programme. Swimming has been a mainstay of the Olympics, featuring
in the first edition of the modern-day Olympic Games in 1896, it’s a popular
choice for Olympic sports betting.


GYMNASTIC

Gymnastics, like swimming, has been a permanent fixture in the Olympic calendar.
It’s a beautiful display of strength in events such as the pommel horse, still
rings, vault, parallel bars, and high bar but complemented with grace and poise
in the floor exercise events. American Simone Biles dominated the Rio 2016
Olympics, winning four golds.


TRACK AND FIELD

Few sporting events come close to the excitement of track and field events. The
100m final is considered the showcase event and is watched by millions. Great
Britain has only had two winners since 1896, Harold Abrahams won the title in
1924 and more recently, Linford Christie in 1992. The now-retired Usain Bolt has
dominated in recent history, winning gold in 2008, 2012 and 2016.


FOOTBALL

Betting on football is a British passion and millions of us back our favourite
teams in the Premier League every week. Our love for football betting also
extends to football Olympic betting. Pre-1992 Olympics in Barcelona, players
were not allowed to be professional players which meant star players in the
sport couldn’t compete. Thankfully this is no longer the case as was seen in the
2008 Olympic Games in Beijing in which Leo Messi helped his Argentina side to
gold.


BASKETBALL

A firm fan favourite of the Olympics is Basketball that was first introduced to
the games in 1936 (1976 for women). Without a doubt, the most prosperous country
in basketball is the United States. Such is their dominance; they have won 13
out of the 18 available gold medals. The only time the American team have not
finished in the top three was when America America boycotted the 1980 Olympic
games.


A LOOK AT THE OLYMPICS BETTING ODDS

We promised to bring you the best betting sites, and a sure way of telling if a
bookmaker is worthwhile is by the level of Olympic betting odds they offer. The
lower the odds, the less money you win, and the higher profit the company makes.
Alternatively, if a company offers decent odds, it means more winnings for you.

The Odds of Olympics Events at the Best Bookmakers Olympics Betting Site
Swimming Gymnastic Track and Field Football Basketball BetVictor 92.3% 92.9%
93.9% 94.2% 92.6% 888Sport 92.5% 92.9% 91.2% 93.8% 93.6% bet365 94.1% 92.5%
92.3% 93.3% 94.7% Karamba 91.8% 92.6% 93.7% 93.5% 92.6%

As you can see in the table above, all five of our recommended sports betting
sites consistently offered a return to player figure of over 90%. We looked at
historical odds offered during the Olympic Games in Rio 2016. Picking five of
the most popular sports, we were able to calculate the payout rates.


THE MOST POPULAR BETTING TYPES

When betting on the Olympics, there is an incredible range of sports you can bet
on; there is also a vast range of betting types you can place. Old school
betting was simply a case of team A, or team B will win, however, when Olympic
sports betting today, you can bet on almost everything! In this section, we’ll
cover some of the most popular bets.


GOLD MEDAL TABLE TOPPERS

A popular market when betting on the Olympics is predicting which country will
have the most gold medals at the end of the tournament. In the 1960s, the battle
to be the most successful country was often a straight fight between the USA and
the USSR. In recent times it is China challenging the Americans.


UNDER/OVER BETTING MARKET

The under/over bet is one of the most flexible betting types and can be used in
a variety of different ways. The bookmaker will set a target number (this could
be goals, points or even time) and you have to decide if the actual tally will
be lower (under) or higher (over).

Example: One of the most popular under/over betting markets is predicting how
many gold medals a particular country will win during the tournament. The
bookmaker will assess a team based on past performance and current form and give
an estimation of how many golds will be won. To prevent a situation that would
result in the bet being pushed (returning of the stake as the bet is neither a
winner nor a loser), the bookmaker will set a total that cannot be achieved such
as 32.5.

How to Use it: The first step before betting is to check on the past
performances of the team or player that you wish to back. Although past
performance doesn’t guarantee future results, it does give a good indication of
a realistic trophy haul. For example; In the 2000 Olympics Great Britain took 11
golds. This figure reduced to nine in 2004. In the Beijing games in 2008, this
total increased to 19. In London, in 2012 Great Britain took 29 golds, a figure
that fell to 27 in Rio in 2016.


HEAD TO HEAD BETTING

The Olympics Games is often a tournament in which fierce rivals get the chance
to prove that they are better athletes than their nemeses. Older readers might
remember the infamous women’s 3,000m at the Los Angeles Olympic Games in 1984
when Britain’s barefoot runner Zola Budd was involved in a tripping incident
with American Mary Decker. It’s these rivalries and deciding who to back that
makes Olympic betting so enjoyable.


WINNER EXCLUDING THE FAVOURITE BETTING

In some sports, a particular team or individual can dominate to such an extent
that it seems foolhardy to back anyone else—the British excel at cycling. Kenya
and Ethiopia dominate distance running. China owns badminton and table tennis,
and until recently the Jamaicans are the sprint masters. Therefore the winner
excluding the favourite option breathes life back into betting on a sport that
you might otherwise avoid.


OLYMPICS LIVE BETTING

Few things have had more of an impact on sports betting than the introduction of
live betting. Also called in-play betting, you no longer have to place bets
before an event, with live betting you can place bets while the action is taking
place. This ability to wait until you place your bets opens up opportunities
that would have seen impossible even a decade ago.

If a player or a team are notoriously slow starters, you can wait until their
opponents have a lead, taking advantage of the ever-fluctuating odds. You also
don’t need to wait until the event is finished to close your bet. The best
Olympics betting sites offer the functionality to cash-out your bets early.
Ideal if you’re not convinced your selection will hang on till the end.


THE PROMOTIONS YOU CAN FIND FOR OLYMPICS BETTING

One of the highlights about betting on the Olympics online is taking advantage
of one of the many promotions that the bookmakers offer. As the UK gambling
market is one of the most competitive in the world, you’ll find plenty of
special offers that you can use when betting on the Olympics.

 * Top Bookmaker
 * All the Action
 * Great Markets

ESSAIBASLicensed by:
BetVictorVisit Site!

Open a new account with one of our recommended Olympic betting sites, and you
can find various opportunities that you have can wager on. There are plenty of
deals, we have betting sites offers if you’d like to learn more.


THE HISTORY OF THE OLYMPICS

Historians believe the original Olympics took place in ancient Greece in 776 B.C
and contained just one event, a 192-meter footrace that was won by a cook called
Coroebus. Like today, the games were held every four years and honoured the sky
and thunder Greek god Zeus. The games ran until A.D 67 until Emperor Theodosius
I ordered a ban on all “pagan” festivals.

The modern reinvention of the Olympics took place 1,500 years later when the
first modern Olympics were held in Athens, Greece, in 1896. Unlike its
predecessor, which only had one event, the reimagining of the games featured 280
participants from 13 nations who competed in 43 events. The World wars prevented
the 1916, 1940, and 1944 games and the Coronavirus outbreak has postponed the
2020 Olympics until 2021.


OLYMPIC BETTING: HINTS & TIPS

Tactics when betting on the Olympics are the same as betting on other sports,
and one of the golden rules to follow is to do your research. While gut feelings
are fine and can often pay dividends, best practice is to only place wagers on
sports that you have a great deal of knowledge about. Check out our Olympics
betting tips and strategies you can apply:

 * Research all stats, rankings & form of each athlete
 * Have a look at the head to head history
 * Check if the surface is a specialty to any player
 * Search for the best price boosts and value bets
 * Learn how to properly use the in-play betting feature
 * Join betting communities and participate in the conversations

Finding this information isn’t challenging, though! All the best Olympics
betting sites have a wealth of statistical data available to you. With just one
click, you’ll be able to see historical information of when the teams or players
last faced each other. As the form is a good indicator when betting, utilising
the tools available to you can be the difference in seeing a return or not.


OLYMPICS: INTERESTING FACTS

So far in this guide to betting on the Olympics, we’ve looked at some of the
sports that punters place bets on in the tournament. We’ve explored some of the
popular markets, such as gold medal betting and the over/under markets, and
we’ve had a brief overview of the history of the tournament.

In this next section, we’ll continue the theme of history and share some of the
interesting facts and figures that you may not know about the Olympics.
Admittedly this will not help you win any money, but we hope you’ll find it
interesting nonetheless.


THE OLYMPIC FLAG

The Olympic logo featuring the interconnecting rings represents the five
significant continents of the world. They are joined together to symbolise
friendship. The colours were chosen because every flag of a nation contains at
least one of the colours (blue, yellow, black, green and red). The flag was
created by Pierre de Coubertin in 1914.


THE OLYMPIC MOTTO

As well as designing the Olympic flag, Pierre de Coubertin also introduced a
motto and an oath for the games. The motto is the Latin phrase: Citius, Altius,
Fortius which means “Swifter, Higher, Stronger”. An oath is also read out by one
athlete at the opening ceremony on behalf of all competitors. It pledges that
athletes will abide by rules and the true spirit of sportsmanship.


OPENING CEREMONY

The first opening ceremonies were held during the 1908 Olympic Games in London,
and while it can often seem random, there is a strict order in which teams
appear. The first country to enter the arena is always the Greek team, paying
homage to the ancient Olympic Games. The rest of the competitors come in
alphabetical order with the final country appearing being the host nation.


OLYMPIC BETTING: CONCLUSION

Olympic betting is one of the most popular activities at online sports betting
sites, and it’s easy to see why. The sheer number of sports that are represented
at the Olympics ensures there is something for everyone. Whether you like the
artistry of rhythmic gymnastics, the skill of archery, the pure power of
weightlifting, or the endurance of the triathlon, it’s all here and so much
more.

All of our recommended Olympic betting websites make the process of placing a
bet really simple. There was a huge selection of events you can bet on, and the
odds they offered represented great value for money. This value is increased if
you take advantage of the new customer deals that are available.


FAQ’S REGARDING OLYMPIC SPORTS BETTING

We have now reached the end of our guide to betting on the Olympics, and we hope
you have found this overview useful and informative. In this last section, we
will cover the frequently asked questions we get asked about betting on the
Olympics at online sports betting sites.


🏆 WHAT ARE THE BEST OLYMPICS BETTING SITES?

After a thorough benchmark, we have successfully picked the top 5 best Olympics
betting sites. Each one offers unique features and a safe and regulated gaming
environment. You can take advantage of rewarding welcome bonuses and the most
competitive odds for Olympic sports events.


🔒 ARE OLYMPIC SPORTS BETTING SAFE?

All of the sports betting sites that offer Olympic sports that we feature on
this page are fully regulated and licenced by the UK Gambling Commission. This
ensures that your online betting experience is as safe as possible. For added
protection, these bookmakers offer a wide range of payment methods which add an
extra layer of protection.


🎁 CAN I USE A WELCOME BONUS FOR OLYMPIC SPORTS BETTING?

Yes, you can use a welcome bonus for Olympic sports betting. As the UK is one of
the most competitive sports betting markets globally, bookmakers offer some
excellent incentives for you to join them. These range from matched deposits,
free bets, and cashback deals. You can find out more in the corresponding
paragraph.


👟 WHAT OLYMPIC SPORTS CAN I BET ON?

There are over 45 sports that are featured at the summer Olympics ranging from
team sports such as football, water polo, and volleyball to individual events
such as wrestling, BMX racing, and judo. All of which can be backed at our
recommended Olympic betting sites. You can find out more information about the
different sports by checking our dedicated section.


🏠 CAN I BET ON THE OLYMPICS LIVE?

Thanks to in-play betting that is available at online sports betting sites, you
no longer need to ensure you have placed your bets before an event starts. You
can now bet on the action while taking place and getting better value by waiting
to place your wager. To find out more, check out our Olympics live betting
section.  

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