Today, the marks the start of the 2020 Summer Olympics which is also known as the Tokyo Olympics. Despite many setbacks due to the COVID-19 pandemic, the Olympic games are finally taking place a year later. Gambling on the Olympics is fun way to add more excitement as they watch their favorite event. Thus, we give you our Guide to Betting on the Olympics and some fun facts about it.
The Tokyo Olympics games will have 206 countries battle it out for Olympic medals with a total of 11,238 athletes. Furthermore, the Tokyo Olympics will feature 339 sporting events across 33 Olympics sports to bet on. Needless to say, this makes for a lot of betting options in just 17 days
Important Facts to know about Betting on the Olympics
Gambling analysts predict that the Tokyo Olympic games will have the most ever number of wagers in Olympic history. This is because more countries now have legal sports betting and because of the growth of online sports betting.
Wagering on the Olympics is fairly simple as it is the same as betting on regular sports. However, this does not mean that sportsbooks will take bets on all sporting events. This is because they will usually not take bets on events that have a judging panel because of its ambiguity. Thus, most sportsbooks will not have odds on gymnastics, equestrian and diving events.
However, it does not mean all events that have a judging panel will not be available for betting. If bettors look hard enough, he might be able to find a sportsbook that offers odds on these events. For example, some sportsbooks have odds on surfing which relies on scores from a judge.
One of the simplest and more popular way to bet on the Olympics are to bet on the Olympics medals. These types of bets include which country will win a medal, which country will win the most medals and so on. For example, here are some of the Over/under betting odds for the number of medals a country will win.
Tokyo Olympics Medal Odds – Over/Under
|Country||Over /Under Total Medals||Over/Under Gold Medals|
Of course, Live betting will also be available for classic sporting events. Therefore, you will see live betting available for basketball betting, baseball betting, soccer betting and a few other events.