Olympics Betting Guide for the 2024 Paris Summer Games: How, Where, and What to Bet

In the upcoming month, all eyes in the sports world will be fixed on Paris, France, as the 2024 Summer Olympics make their much-anticipated comeback to the city after a hiatus of a century since 1924.

In just a few weeks, numerous athletes will compete for gold in 32 different events at the Paris Olympics. Among the highly anticipated competitions for spectators are men’s and women’s basketball, tennis, swimming, track and field, and golf.

In Paris, you can expect to see some of the biggest names in sports, including NBA superstar LeBron James and the talented U.S. men’s basketball team. Swimmer Katie Ledecky, known for breaking records, will also be there, along with the lightning-fast sprinter Sha’Carri Richardson. Tennis enthusiasts will be thrilled to witness the presence of legends Rafael Nadal and Novak Djokovic. In men’s golf, keep an eye out for Xander Schauffele, the 2024 PGA Championship winner and current Olympic gold medalist. Lastly, the remarkable Scottie Scheffler, also known as the “Greatest of Today,” will make his mark.

The aforementioned sports will attract considerable interest in sports betting. Consequently, you can anticipate a wide range of Summer Olympics odds being available on sports betting platforms such as BetOnline and Bovada. Moreover, Betting News will offer an abundance of content dedicated to the celebrations in Paris, aiming to assist you in gaining further insights about the various events and athletes to place bets on, as well as identifying the most favorable betting opportunities on the court, course, track, or pool.

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How and Where Can You Bet on the Olympics?

How to Bet on the Olympics

Despite the fact that the Paris 2024 opening ceremony is scheduled for July 26, numerous Olympic betting markets have already been made available on sports betting platforms such as BetOnline.

BetOnline offers a wide range of betting options, including individual sports like men’s and women’s basketball, soccer, and tennis. Additionally, you can also place bets on the overall medal count and gold medal count. Considering the odds, the United States is strongly favored to win both categories, with -600 odds for the most gold medals and -2000 odds for the most overall medals. Are you confident that the United States will come out on top in both medal counts?

With the commencement of the action in Paris, additional Olympic betting opportunities will arise. It is important to note that various online sportsbooks may offer different options, thus it is advisable to explore multiple platforms to discover the full range of choices available to you. For instance, while one bookmaker may not feature Olympic table tennis odds, another might offer them.

Best Betting Sites for the Olympics

BetOnline currently offers a range of betting options for the upcoming Paris 2024 Olympics, and these options will continue to expand as the event approaches and commences.

If you already have a BetOnline account and are looking to expand your choices, there are numerous other high-quality options available apart from them. While BetOnline is considered one of the leading Olympic betting sites, it’s worth exploring the variety of alternatives.

Here are the betting sites we recommend for Paris 2024, along with the respective links to our sportsbook reviews for each site.

  • BetOnline (review)
  • BetUS (review)
  • Betwhale (review)
  • Bovada (review)
  • Everygame (review0

If you’re not acquainted with any of the mentioned sites, explore our reviews to gain insights about them. Our reviews encompass details about the betting options, deposit and payout methods, mobile betting experience, as well as bonuses and loyalty/VIP programs.

To stay updated on the latest sports betting bonuses and promos for the Olympics, make sure to visit our sportsbook offers page. Many sportsbooks, including Betwhale and BetOnline, are expected to provide special bonuses and promotions for the Paris 2024 Olympics, similar to the ones offered for recent events like the Copa America, NBA Finals, and March Madness.

What Are the Most Popular Olympic Sports?

In the upcoming 2024 Olympics, breakdancing will make its first appearance, alongside skateboarding, sport climbing, and surfing. These four events, which made their debut in 2020, will be included in the program in Paris.

Which sports are expected to attract the most attention? It comes as no surprise that the majority of sports in this category feature well-known athletes and have a history of delivering remarkable performances and notable players.

Basketball

The Summer Olympics never fails to make basketball one of its most sought-after events.

The basketball tournaments in the Olympics showcase professional athletes from both men’s and women’s teams, ensuring that the most talented and exceptional players will be competing in Paris.

In terms of the men’s competition, prominent basketball players such as LeBron James (USA), Nikola Jokic (Serbia), NBA Rookie of the Year Victor Wembanyama (France), Shai Gilgeous-Alexander (Canada) from the Oklahoma City Thunder, and potentially either Luka Doncic (Slovenia) or Giannis Antetokounmpo (Greece) are expected to participate. It is possible that Doncic and Antetokounmpo may compete against each other in one of the qualifying tournaments for an Olympic spot.

Olympic Men’s Basketball Gold Medal Odds

  • USA -450
  • Canada +800
  • Serbia +900
  • France +1200
  • Germany +2500
  • Spain +2500
  • Australia +3300
  • Slovenia +5000
  • Greece +5000
  • Lithuania +6600

The USA, having won the last four consecutive gold medals, are the target for all teams aiming to take their crown. With a star-studded lineup comprising LeBron James, Kevin Durant, newly crowned NBA champion Jayson Tatum, and 2023 NBA MVP Joel Embiid, who chose to represent the USA over his birth nation Cameroon or France, they are heavily favored to secure their fifth consecutive gold medal.

The women’s tournament, where the USA will be aiming for an eighth consecutive gold medal, is anticipated to be less wide open compared to the other tournament.

Olympic Women’s Basketball Gold Medal Odds

  • USA -1250
  • Australia +2000
  • China +2000
  • France +2500
  • Belgium +2500
  • Japan +2800
  • Canada +3300
  • Serbia +6600

Golf

After an absence of over a century, golf made its comeback in the Olympics in 2016.

Justin Rose, the 2013 U.S. Open champion, emerged victorious in Rio by clinching the gold medal for the men’s individual event. Similarly, Inbee Park, a remarkable seven-time LPGA major champion, secured the gold medal for the women’s individual event.

At the Tokyo Olympics, the United States dominated the competition. Schauffele emerged victorious, claiming the gold medal in the men’s individual event, while Nelly Korda clinched the gold in the women’s individual event.

Could Schauffele and Korda successfully defend their titles at the Paris 2024 Olympics? The upcoming golf tournament will be held at Le Golf National’s Albatros course in Guyancourt, a suburb of Paris.

At present, BetOnline exclusively provides odds for the Olympic men’s golf tournament. However, considering their consistent offering of women’s golf odds, it is reasonable to anticipate the availability of Olympic women’s golf odds on their platform in the coming weeks.

Men’s Golf Odds for the 2024 Olympics

  • Scottie Scheffler (USA) +350
  • Xander Schauffele (USA) +900
  • Rory McIlroy (Ireland) +900
  • Ludvig Aberg (Sweden) +1200
  • Collin Morikawa (USA) +1200
  • Viktor Hovland (Norway) +1600
  • Jon Rahm (Spain) +2000
  • Hideki Matsuyama (Japan) +2000

Swimming

Swimming stands as one of the most thrilling and highly regarded Olympic sports, owing to its intense and nail-biting finishes, surprising upsets, and the potential for breaking long-standing records.

American star Katie Ledecky, a renowned name in the pool, is set to make a splash in Paris as she competes in her fourth Olympics. With an impressive tally of seven gold medals and three silver medals, Ledecky aims to secure gold in four events: the 400-meter, 800-meter, and 1500-meter freestyle individual events, along with the 4×200 freestyle relay.

Tennis

Top professional players have been featured in the Olympic tennis events since the 1988 Olympics in Seoul.

Throughout the years, the prestigious gold medal has been claimed by legendary athletes such as Rafael Nadal, Andy Murray, and the Williams sisters.

This year, Nadal will be participating in his last Olympics, competing in both singles and doubles at Roland Garros, a place he considers his second home due to his remarkable 14 French Open victories. Despite his limited participation in recent events, the 22-time Grand Slam singles champion remains a top contender in the men’s singles category. He is joined by his compatriot and doubles partner Carlos Alcaraz, the rising star Jannik Sinner who is currently the world number one, and the defending gold medalist Alexander Zverev.

Olympic Men’s Tennis Gold Medal Odds

  • Carlos Alcaraz (Spain) +125
  • Jannik Sinner (Italy) +250
  • Alexander Zverev (Germany) +450
  • Rafael Nadal (Spain) +750
  • Holger Rune (Denmark) +1400
  • Casper Ruud (Norway) +1400
  • Stefanos Tsitsipas (Greece) +1400
  • Alex de Minaur (Australia) +2000
  • Daniil Medvedev (neutral) +2500
  • Grigor Dimitrov (Bulgaria) +2500

Iga Swiatek, the four-time French Open singles champion and current world number one in women’s tennis, is the top contender for the gold medal. She is favored over Aryna Sabalenka, Coco Gauff, and Elena Rybakina.

Swiatek has exhibited an unrivaled prowess at Roland Garros. After claiming her initial victory in 2020, she has gone on to seize the subsequent three titles, the most recent being this year’s triumph where she swiftly dispatched Jasmine Paolini in a mere 68 minutes during the final.

Olympic Women’s Tennis Gold Medal Odds

  • Iga Swiatek (Poland) -175
  • Aryna Sabalenka (neutral) +450
  • Coco Gauff (USA) +550
  • Elena Rybakina (Kazakhstan) +1000
  • Marketa Vondrousova (Czech Republic) +1400
  • Mirra Andreeva (neutral) +1600
  • Qinwen Zheng (China) +2000
  • Ons Jabeur (Tunisia) +2000
  • Karolina Muchova (Czech Republic) +2500
  • Jelena Ostapenko (Latvia) +2800

Track and Field

At every Olympics, there is an abundance of track and field events to observe and wager on. However, it is the men’s and women’s sprint events that truly seize the spotlight and captivate the audience.

In Paris, whose name will be engraved in the history books? Pay close attention to Noah Lyles on the men’s side, as he is the one to keep an eye on in both the 100 and 200. Lyles holds the title of reigning world champion in both events, as he achieved gold in the previous year’s World Championships held in Budapest, Hungary.

Sha’Carri Richardson, the current 100-meter world champion, will undoubtedly attract significant attention in the women’s sprinting events.

Richardson, who was disqualified from the Tokyo Olympics due to a positive cannabis test at the Olympic Trials, is now expected to be the top contender for the gold medal in Paris, three years later.

Olympics Betting FAQ

Can you place bets on the Olympics?
Yes, you can place bets on the Olympics at any sports betting site that offers Olympic odds.
What Olympic sports can you bet on?
You can bet on any Olympic sport and event for which there are available odds. Some Olympic events that you can bet on include basketball, golf, swimming, tennis, and track and field.
Can you bet on Olympic basketball?
Yes, Olympic men’s and women’s basketball odds are available at sports betting sites like BetOnline.