Gold Medal Gambling

The top prize at the Olympics is the gold medal, and bettors across the world wager on who will win the gold medal in various events. People also enjoy wagering on what country will win the most gold medals, and the most total gold medals. Currently, the United States is favored to win the most gold medals and the most total medals, and it has done both of these things in five of the last six summer Olympiads. The only time this did not occur in that group of Olympiads was in 2008, when the games were held in Beijing, China, and the Chinese won the most gold medals, with the United States still taking home the most total medals.

The Olympics started out with a bad day for the United States, as they failed to medal on opening day, and have fallen behind to both China and Japan in the gold medal count. The USA currently has the most medals, and is likely to try to make up some of the gap on further days in terms of golds. Notably, Japan got eight gold medals from individual judo competitions, which is a remarkable boost to their total early on in the competition. As more events happen, the US and China will likely start to draw away from the pack.

2021 Olympics Medal Market Betting Odds

Tokyo 2021 - Most Gold Medals

  • USA -1000
  • China +600
  • Japan +2200
  • Great Britain +2800
  • Russian Olympic Committee +2800
  • Australia +15000
  • Netherlands +15000
  • France +20000
  • Germany +25000
  • South Korea +35000
  • Canada +50000
  • Italy +75000
  • Brazil +100000
  • Hungary +100000
  • Poland +100000
  • Norway +250000
  • Sweden +250000
  • Finland +500000

Tokyo 2021 - Most Overall Medals

  • USA -2000
  • China +650
  • Russian Olympic Committee +3300
  • Great Britain +5000
  • Japan +5000
  • Australia +25000
  • France +25000
  • Germany +25000
  • Netherlands +25000
  • South Korea +50000
  • Hungary +75000
  • Italy +75000

Tokyo 2021 - Most Overall Medals - USA vs. The Field

  • USA -2000
  • Any Other Country +800

Olympics Betting Spotlight: Men’s Basketball

The Olympics host many events, but one that will be very familiar to many in the United States is the Men’s Basketball tournament. The United States sent plenty of elite talent, with players like Kevin Durant, Damian Lillard, Jayson Tatum, Bradley Beal and Draymond Green all on the roster. However, they lost two scrimmage matches to Australia and Nigeria, and they also lost their first match at the Olympics themselves, to France. That matchup will be the gold medal game, as the United States looks to take its fourth Gold medal in a row, and France looks to take their first.

Tokyo Olympics - Men’s Basketball Odds

  • USA -1000
  • France +675

Where To Bet On The Olympics

Olympics gambling occurs all over the world, although our focus on this website is on the United States specifically. Thus, the websites that we recommend will be tailored to a customer in the United States. These are the sports betting sites that we here at USAOnlineGambling most highly recommend for the purposes of Olympic betting, for a variety of reasons. One note: if you plan on gambling extensively during the Olympics, it can be a very good idea to use a bonus when you sign up. These bonuses come with extra money at the cost of having to gamble it before you can withdraw it. If you plan to gamble a lot during the Olympics, this drawback is mitigated, as you were already going to place plenty of wagers. Thus, the long length of the Olympics makes it a perfect time to use an online sportsbook's best bonuses.

Bovada Sportsbook

Online Sportsbook for Olympic Betting

Bovada Sportsbook

Bovada is one of the top online sportsbooks for anyone who wishes to wager on the Summer Olympics in Tokyo. Whether you want to wager on the US Men’s Basketball Team, swimming, weightlifting or any other event, you’ll be able to find the odds on Bovada. Betting on the Olympics is a marathon, not a sprint, and when it comes to helping you run that marathon, Bovada is second to none. Bovada’s offerings are widespread, and their bonuses help keep you in the black. You can apply a very solid matching bonus on your first deposit at the website, and further deposits can be matched up to 35% if you use cryptocurrency. Remember that there are playthrough requirements on these bonuses. When it comes to 2021 Tokyo Olympics betting, it’s hard to match Bovada’s combination of great odds and great bonuses.

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BetOnline Sportsbook

Mobile Olympic Betting!

BetOnline Sportsbook

BetOnline is a sportsbook that prides itself on fulfilling the promise of its name. If you’re looking for a no-frills all-odds sportsbook, BetOnline is the place for you. There’s nowhere better in terms of providing the odds that have the most value in them, in a format that is reminiscent of a great odds sheet. You can use BetOnline’s website in multiple forms - their new beta website is more modern and sleek, while their older website is more focused on odds, and feels a lot like an internet version of a bookie sheet. BetOnline has excellent futures odds, and is definitely worth considering for anyone who wishes to get a serious payout from predicting the outcomes of various events. Their bonuses are top notch as well, and overall, BetOnline is a great sportsbook for anyone who wants gamble on the Tokyo Summer Olympics in 2021.

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MyBookie Sportsbook

Outstanding Olympic Betting

MyBookie Sportsbook

MyBookie is a great online sportsbook that provides a solid service to the betting community by existing. MyBookie is known for excellent prop betting odds that they offer on various events, including the Olympics. If you’re looking for unique odds, or looking to dive deeper than simply picking winners, MyBookie is a great online sportsbook for you to check out. Their new website is easy to use and understand, and you can find all the odds you could ever want to wager on when you use it. MyBookie’s bonuses are pretty solid - they offer the traditional big bonus on signup, with smaller bonuses available for reloading your account with their preferred transaction methods, usually cryptocurrency. MyBookie is a great online sportsbook for those who wish to wager on the 2021 Summer Olympics in Tokyo.

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Best Online Sportsbooks

Rank
Sportsbook
Promotion
Highlights
Visit
1
50% up to $250
5 Star Rating
2
50% up to $1,000
5 Star Rating
3
50% up to $1,000
5 Star Rating
4
250% up to $1,000
5 Star Rating
5
100% up to $300
4 Star Rating

Olympics Mobile Betting Apps

Online Sportsbooks using Bitcoin

Given that the Olympics are taking place in Tokyo, there is going to be a significant time difference between when the events happen and when most American bettors are near a computer. This means that mobile betting can be a great way for you to place your last minute bets on the Olympics. Let’s say you’re going to bed, and you just realized that you have a great wager to make on an event that will air while you’re sleeping. No problem! All you have to do is visit your online Olympic sportsbook of choice in your mobile phone’s browser, and you will be served with a mobile version of the website. This mobile website will retain the full functionality of the online sportsbook’s desktop version, but will be optimized for the use of your phone, whether that be iPhone or Android. You’ll be able to place all the wagers you need, with no problems whatsoever. Make sure to take advantage of mobile betting on the 2021 Olympics when you can!

Olympics Live Betting

Some Olympic events happen too fast for live betting to be a major factor. The 100 meter sprint, for example, is over in seconds, and live betting doesn’t seem like it would be a big boost to anyone wagering on the event. However, there are plenty of events that are conducive to live Olympic betting. For example, there’s basketball, volleyball and field hockey. While some Summer Olympic events do not require live betting, plenty of them do, and the ones that do can see some serious advantages conferred on those who take advantage of live lines. Live betting can help you to hedge or to make a more informed wager during the game than the one you made before the game began. It’s definitely an aspect of Olympics betting that is worth considering, and you should make sure to try it out if you aren’t familiar with it for the 2021 Tokyo Summer Olympics.

Olympics Betting FAQ