Last Updated on July 22, 2021
While most people know the 2020 Olympics were pushed back to 2021, some may not realize that you can bet on the Olympics this year. The Olympics are set to take place in July, and last through the end of the summer with dozens of various sports. With that amount of sports and athletes involved, it makes for an awesome set of betting markets that you can wager on in legal sports betting states.
Let’s take a look at this 2021 Olympic betting guide, as we take a look at the betting markets available for the Tokyo Olympics, which sports to wager on, the props available to bet on for the summer games, and odds and more for the most popular markets available for wagering.
Olympics Betting Odds and Markets
At many legal sportsbooks, especially on DraftKings Sportsbook for this year’s Tokyo Olympics, there are dozens of betting markets available for sports bettors. Given that there are nearly three dozen different sports, dozens of countries, and countless athlete’s participating, the betting markets will be endless for the 2021 Olympics. Let’s take a look at these markets, and some various odds for those available to wager on already.
— Olympics (@Olympics) June 8, 2021
Here is a look at some of the betting markets and odds available to wager on at DraftKings Sportsbook.
Olympic Medal Betting
- Total Number of Medals
- Total Number of Gold Medals
- Over 20 Countries of over/under medal props
Mens Singles – Tennis
- Finishing Position
Bet on Novak Djokovic, Alexander Zverev, and more.
Women’s Singles – Tennis
- Finishing Position
Bet on Ashleigh Barty, Naomi Osaka, Simona Halep and more to medal in the Olympics.
Basketball – Women
- To Win
The USA are heavy favorites at -1250 on DraftKings, but you can wager on any country to win over the US at long odds.
Rugby Sevens – Men
- Top 3 Finish
Volleyball – Men
- Top 3 Finish
Soccer – Men
- To Win
Soccer – Women
Rugby Sevens – Women
Softball – Women
In addition, there are further props including betting on which country wins the most gold medals and more.
We're just a few days away from the start of the Olympics💪
— FanDuel Sportsbook (@FDSportsbook) July 21, 2021
USA Basketball odds fall after initial betting
As DraftKings‘ Julian Edlow explained, USA basketball to win gold has plummeted down from initial opening odds of -1000 to win gold all the way to -320. While the US is still the favorite, Australia and Spain odds are climbing to +750 and +900, respectively. Nigeria is now +3000 after opening at +50000 as well, so the odds have shifted greatly for the Men’s Basketball betting market.
— Julian Edlow (@julianedlow) July 21, 2021
Simone Biles set to make history in 2021 Olympics
Is Simone Biles the best US Olympian since Michael Phelps? She is certainly the most popular, and with her incredibly performances at Olympic trials there are high expectations for the American in the 2021 Olympics.
After winning five medals in 2016, four of them being gold, Biles is set to improve in this year’s games. In addition, there is more history to be made from Biles. Here are some records she could break:
- With two more medals, she becomes tied for the most decorated Olympic gymnast ever.
- If she wins three more medals, she is the most decorated every and tied for most overall.
- Four medals won would be the most decorated gymnasty of all time.
Biles is set to compete in the following events: all around, apparatus, vault, uneven bars, floor exercise, and balance beam. If all goes well, she could finish with 35 total medals.
Will the USA Men’s Basketball team win the gold medal?
Basketball is certainly a sport where the United States is favored every four years, and this year is no different. With the opening odds at DraftKings Sportsbook, they were -335 favorites to win the gold medal but have since fallen. Here is a look at the odds to win the gold for Men’s basketball.
|Country||Odds to win Olympic Gold|
Looking for more? Check out the men’s basketball odds breakdown, here.
How To Bet The Olympics at DraftKings Sportsbook
Have you ever bet on the Olympics? Chances are, you have not given that the last Olympics was three years ago before the boom in legal sports betting in the United States. In most states that offer legal sports betting in 2021, you are able to wager on the Olympic Games in some capacity this year, which opens a whole new set of betting markets. Here is a look at the sports that will be played in the 2021 (2020) Olympic games, which most will have betting odds and markets available for. This list is extensive, and if they fit into proper sports betting rules it will allow for a great summer of Olympic betting.
- 3×3 Basketball
- Field Hockey
- Martial Arts
- Table Tennis
- Water Polo
- and more!
Start betting on Olympics props and futures at DraftKings Sportsbook.
Prop Betting on the Olympics
With legal sports betting growing rapidly in the United States since the last Olympics, this is the first year where wagering on the Olympic Games has become widespread and undoubtedly popular in the legal sports betting space. Legal sports betting platforms such as DraftKings Sportsbook will not only offer betting markets for each game during the Olympics for various sports, but also props surrounding the games in its entirety.
Nation with Most Gold Medals Odds
One popular betting market is a futures prop that is a market surrounding which country will produce the most gold medals. Here are the opening prices:
|Country||Odds for Most Gold Medals|
Here is a look at the other prop betting markets available for the Olympics at DraftKings Sportsbook.
- Number of Medals
- Number of Gold Medals
- Country Medals Over/Unders
- Great Britain
- and more
- Individual Sports Props
- Rugby Sevens
Once the games begin, there will be props surrounding the actual sports and contests as well.
USA Gold Medal Odds – 2021 Olympics
One of the more popular prop betting markets for the Olympics is wagering on the number of medals, and specifically, gold medals for each country. DraftKings Sportsbook has a gold medal betting prop market along with total medals for the United State of America. Here’s a look at these markets, as there are two to choose from for “number of medals” with an alt line for better odds.
|Country||Total Medals||Over Price||Under Price|
In addition, you can wager on the number of gold medals awarded to the US (or other countries) as well. Here is a look at the lines and prices for USA gold medals.
Gold Medal Odds
|Country||Total Gold Medals||Over Price||Under Price|
There is quite a bit of juice on the over and under for total gold medals, which is a bit surprising given the prices on the rest of the Olympic odds markets.
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