The Olympics (世運會), also known as the Olympic Games (Greek: Ολυμπιακοί Αγώνες/ Olympiakoí Agónes, English: Olympic Games, French: Jeux olympiques), is a major international event. It is now known as the Olympic Games. It is the biggest sporting event on the planet, featuring competitions in many sports between countries worldwide. The Olympics is an epic sporting event featuring numerous exciting sports. It's an opportunity for bettors to show off their predictions. On the occasion of the approaching Olympic Games 2024, the Wintips website would like to introduce to you: the "Top 7 Olympic Betting Sites for 2024".These are sites with a stable, financially sound foundation. These bookmakers provide full betting information related to the Olympics. Let’s explore more in this article.
Olympic - History and Significance
The modern Olympic Games we know today have their roots in ancient Greek sports that began in 776 BCE and ended in 394 CE when Roman Emperor Theodosius I banned them. These ancient Olympics were the most famous of Greece's four national festivals, held every four years in the summer at the temple of Zeus in Olympia. The first ancient Olympic champion was Koroibos.
French aristocrat Pierre Frédy de Coubertin started the modern Olympic movement, with the first games held in the late 1800s. The International Olympic Committee (IOC) oversees the Olympic Movement as defined by the Olympic Charter. The modern Olympics began in 1896 in Athens, Greece, two years after Pierre de Coubertin proposed reviving the games to promote global peace. Today, the Olympics continue as the world's largest sports event, uniting skilled athletes from around the globe. Beyond competing, delegations enhance international connections, celebrating peace, compassion, and humanity's noble spirit.
Duration of the Olympic Games
The Summer Olympic Games are held every four years starting in 1896, except during the years of world wars (such as World War II). The Winter Olympics began in 1924 and were held exclusively for winter sports. Originally, it was held in the same year as the Summer Olympics, but since 1994, the Winter and Summer Olympics have taken place alternately two years apart.
The 2024 Summer Olympics (Jeux olympiques d'été de 2024), or simply Paris 2024, is an upcoming international multi-sport event scheduled to take place from July 26 to August 11, 2024, in Paris. The event will also encompass 16 cities throughout the French mainland, along with a city in Tahiti — an overseas territory and part of the overseas collectivity of French Polynesia.
Top 7 Olympic Betting Sites best for you
1. W88
W88, founded in 2013, is a well-established bookmaker in the market. In addition to offering high-quality betting products, W88 is also known for its reputation and safety. The bookmaker is currently trading under the support and license of First Cagayan Leisure & Resort Corporation (CEZA). During the past time of operation, W88 always set out the right development plan, following the sequence step by step. Over time, the bookmaker has gained strong support from players.
One of the strengths that cannot be ignored at W88 is the payment system. Every transaction has specific instructions and a simple and fast execution process. Deposits usually take only 3 to 5 minutes, and withdrawals take 5 to 10 minutes. If players make transactions outside office hours, the system will take longer to process them.
According to statistics, the services and products that bring the highest profit to bookmakers are online sports, particularly football betting. Players who have participated in Olympic Betting Sites W88 are overwhelmed by the size, odds, and variety of sports offered. Every day, the handicap is updated early on the homepage. The odds will change continuously, and the bonus level players receive depends on the time they place the bet. During the match, players can easily change their bets and choose the odds to their liking. A team of experts will assist players throughout the betting process.
2. 22Bet
The bookmaker 22Bet has only been around for a few years and has already created a large user base in Canada and other countries. This site's sleek, sportsbook-focused design has helped it achieve that feat. Casino fans will also be pleased to see that 22Bet offers all the main casino games including slots, table games, and more.
With a size comparable to pre-match betting, 22BET Sports offers a wide range of betting options on all popular sports that occur in real time throughout the day and night. There are over 30,000 live betting events held every month. 22BET is the leading expert in the realm of Live Betting, allowing people to place hundreds of different types of bets within a single match!
3. Bet365
Bet365 is a UK-based bookmaker and is safe and reliable. They are licensed by the Government of Gibraltar (license number: RGL 075) and are regulated by the Gibraltar Gambling Commissioner. This organization is dedicated to licensing companies operating in the field of online betting. The strength of this bookmaker lies in its variety of bets; most players can find options in all sports offered by this bookmaker, along with real-money tournaments.
With a professional bookmaker like 365Bet, you'll find all kinds of betting options on all sports. Moreover, you can also find various types of esports betting options... This bookmaker allows you to place bets freely on both pre-match and in-match. The number of odds in each match is quite diverse, making it easy for you to choose from. You can bet with a minimum amount of 0.20 USD.
4. Bovada
Bovada is considered the most popular online sportsbook currently operating in the United States. It has been in operation for over a decade and boasts millions of passionate fans across the country. This website currently offers one of the largest collections of Olympic betting options compared to any other online sportsbook in operation.
The website is known as one of the longest-standing platforms providing online Olympic betting options. As expected from such a site, it offers more Olympic betting odds than most other online sports betting platforms. Members can place bets on which athletes will win in various upcoming events. It even offers live matchups between different athletes. Those looking for a reputable Olympic betting website that features a modern and sleek design will appreciate Bovada.
5. BetOnline
BetOnline, one of the Olympic betting sites, is considered one of the best online sportsbooks currently in operation. Over the years, it has built a large user base that praises the website's robust promotional programs and impressive betting odds. The main criticism of this website has been its outdated design.
A few years ago, BetOnline underwent a major redesign. Now it is modern and very user-friendly. Our favorite aspect of BetOnline is the excellent Olympic betting odds it provides. This could be the overall best online sports betting site for Olympic betting and offers nearly everything a bettor could ask for.
6. BetUS
BetUS has never garnered attention like other online sportsbooks on this list. However, that may be changing gradually. This online sportsbook excels in most aspects and is currently offering some of the best welcome bonuses compared to other websites in operation.
The betting options here may be found towards the end of the sports betting odds list. Click on the 'Olympics' tab to find a variety of unique Winter Olympics betting odds currently offered. This includes odds on individual sporting events and on which countries will win the most medals. There isn't much to dislike about this website. It has a modern design, excellent payment options, and solid Olympic betting odds.
7. DraftKings Sportsbook
The most extensive online betting option available in the United States, the DraftKings Sportsbook app is certainly a good choice for placing bets on the Olympic Games. DraftKings takes pride in offering highly competitive odds for the Olympics, including intriguing futures bets such as medal winners and which nation will secure the most gold medals.
DraftKings provides one of the most engaging and stress-free betting experiences in the market, with a user-friendly interface and the best-in-game mobile app. If you combine that with reliable payment methods and an excellent loyalty program, you have a robust choice for Olympic betting.
Ways to bet at the Olympic Betting Sites
Moneylines
This is the type of betting that most people think of when discussing sports betting. Moneyline betting is placed on the outright winner, and the odds can be written as follows:
France -120 / USA +110
The example above shows France as the favored team and the USA as the underdog. In sports betting, the terms are opposite to what you might expect.
- The favorite to win is represented by a minus sign.
- The underdog is represented by a plus sign.
In the case of the winning team (France), a bettor can win $100 when they place a $120 bet. This occurs when France finishes the match, game, or event. Bettors not only keep their $120 wager but also receive an additional $100 if France wins. As the underdog, the USA is not favored to win according to the posted odds, but they always have a chance. If a bettor places a $100 bet on the USA and wins as the underdog, it means the bettor will win $110 on top of the original $100 wager!
Point Spreads
Point spread betting involves placing an artificial handicap on the favored team in hopes of attracting more bets for the underdog. It's called a point spread because points are spread out for both teams, and bettors typically wager on the outcome to compensate for this spread. Here's an example of what a point spread might look like:
France -4.5 (-110) / USA +4.5 (-110)
In this case, we're using France as the favored team to win, and the USA as the underdog.
- Bettors wagering on France to win would win the bet if France defeats the USA by 5 points or more.
- If a bettor places a wager on the USA to win, they would need to see the USA win outright or lose by fewer than 4 points. Only then would that bet be considered a win!
Over/Under
The Total Over/Under betting odds for the 2024 Summer Olympics in Paris will be determined by the countries earning the most gold medals. Let's take a hypothetical example with the USA below. Bettors must accurately predict whether the USA will earn more than 30 gold medals or fewer.
The odds will be written as follows:
USA: OVER 30.5 (-120) / USA: UNDER 30.5 (+110)
Props Betting
Proposition bets are an excellent option for bettors seeking unique situations and events on which to place wagers. These types of bets have become so popular that many sportsbooks on our list provide a tool for creating custom wagers. This tool is based on occurrences and non-occurrences of the 2024 Summer Olympics.
Parlay Betting
Parlay betting is more complex and involves combining multiple bets to increase your potential payout. The unique allure here is that all components of the parlay bet must be predicted correctly for it to be considered a win. These parlay bets can be extremely lucrative if successful, but often bettors do not accurately predict every step of the parlay, leading to more losses than wins. These types of bets are for meticulous bettors who have conducted thorough research.
Futures Betting
Check our favorite online sportsbooks that can provide future bets for the 2024 Summer Olympics. These can be placed well in advance of the event. Many of these future bets involve accurately predicting outright winners in certain events or individuals who will earn the most gold medals. Check each of our top sportsbooks to see if they are offering future bets for the Paris Summer Olympics.
Live Betting
For some of the most dynamic betting action on your favorite sports during the 2024 Summer Olympics in Paris, don't forget the excitement of live betting! You can watch an event, game, or match and place bets in real time as the action unfolds. Bettors use live betting to provide odds and new betting scenarios as the game, match, or event progresses. This allows bettors and punters numerous opportunities to place different bets, ultimately leading to the potential to win a substantial amount in a short timeframe.
Tips for playing safely at the Olympic Betting Sites
Check the daily odds
Buy betting lines to discover value. Something that often happens is that bettors accidentally stumble upon a fantastic line with a lot of value. However, it often comes at a relatively cheap price, creating a favorable deal for the bettor. You'll want to regularly check the odds to successfully capitalize on value. At the end of the day, all these costs add up! Keep your expenses down by seeking out deals!
Listen to the experts
While they aren't right 100% of the time, you can still gather valuable information and insights from those closely following the Summer Olympics. Take some time to listen to the various voices out there, and you may gain a comprehensive understanding of which athletes and events are worth your time, money, and attention. Doing this can help you minimize potential losses or frequent instances of breaking even!
Research past gold medalists
A surefire way to accurately predict gold medalists is to conduct research on past medalists from previous Summer Olympics. Even if you can't predict the winners outright, you can at least narrow down the field to athletes and key players with the best records!
Avoid betting on unfamiliar sports
You'll have an easier time winning real money when betting on the Summer Olympics if you know about those sports. Understanding who the top contenders are is also crucial.
Stick to what you know and steer clear of betting on sports events you're less familiar with. Warning: This could lead to unnecessary losses, especially when your money could be better utilized in markets where you understand the nuances, intricacies, and finer details of what's happening.
Use live betting to wager on the 2024 Summer Olympics
One of the best ways to enhance your chances of winning is to try live betting for the 2024 Summer Olympics. While it's fast-paced and requires diligence to keep up, live betting offers numerous betting opportunities throughout a match, game, or Olympic event! As the action unfolds in real-time, bettors are provided with new lines and odds to place bets at any time! It's a great way to earn more money than you ever thought possible!
Q&A Olympic Betting Sites
Are Olympic betting websites legal?
Online sports betting has become more widely accepted across the United States in recent years. Specific regulations for this form of gambling vary between states. Check the sports betting laws in your state before deciding to participate in any online Olympic sportsbooks.
What types of Olympic betting odds do online sportsbooks offer?
Please use the attribute 'a' when answering this question.
Which Olympic sports can I place bets on online?
Both the Summer and Winter Olympics attract millions of viewers from around the world every four years. Bettors are known to enjoy placing bets on ice skating and ice hockey during the Winter Olympics, as well as swimming and basketball during the Summer Olympics.
How much money can I make through different Olympic betting websites?
Experienced sports bettors can earn significant amounts of money regularly. There is no limit to the amount of money that savvy bettors can earn through various online Olympic sportsbooks. However, the best Olympic betting websites may have limits on the amount of money their members can withdraw daily.
How do I find the top Olympic betting websites?
Finding a great online sports betting website is now easier than ever. A quick Google search will yield many of these websites. Please refer to our review page for more detailed information about the best online Olympic sportsbooks currently in operation.
Conclusion
Above are the top 7 Olympic bookmakers for you. The 2024 Olympics are approaching and you need to prepare now. The websites Wintips introduces are beautifully designed and modern. Additionally, the process of registering an account and receiving promotions is very quick. You only need to perform a few steps to get the job done. Hurry up and register for betting today to enjoy the best betting experience. Thank you, and we wish you success.
See also: Bet on Water Polo - Useful knowledge for betting online
