Can You Bet On The Olympics?

Last Updated:

The Olympics are one of the most celebrated sporting events worldwide, attracting millions of viewers and sports enthusiasts. Given its global appeal, many wonder whether they can bet on the Olympics. The answer is yes, you can bet on the Olympics through major sportsbook apps in the US. This guide will provide you with an overview of how to bet on the Olympics and the options available on popular sportsbook platforms.

Can You Bet On The Olympics?

Betting on the Olympics

Betting on the Olympics is similar to betting on other major sports events. Sportsbooks offer a variety of betting options, including pre-event wagers, live betting, and futures. Whether you’re interested in individual sports like gymnastics or swimming, or team sports like basketball or soccer, there are numerous opportunities to place bets on Olympic events.

Major Sportsbook Apps Offering Olympic Betting

Several major sportsbook apps in the US offer Olympic betting, providing a range of options and markets. Here are some of the top platforms where you can bet on the Olympics:

FanDuel Sportsbook

FanDuel Sportsbook offers extensive coverage of Olympic events, allowing you to place bets on various sports and disciplines. You can find markets for individual event winners, medal counts, and more. The app also offers live betting options, giving you the chance to place bets as events unfold in real-time.

  1. $20 deposit minimum
  2. Bet $5 on any pregame, live, parlay, or prop bet
  3. Get your bonus bets IF you win!
Must be 21+ and Present in Virginia. Gambling Problem? Call 1-888-532-3500. New Users Only. Terms and Conditions Apply.

DraftKings Sportsbook

DraftKings Sportsbook is another popular platform that provides betting options for the Olympics. They offer a wide range of markets, including bets on specific athletes, overall team performance, and prop bets. The DraftKings app is user-friendly and provides detailed information on odds and betting options.

  1. $5 minimum deposit.
  2. $5 minimum bet to access offer.
  3. $150 in Bonus Bets are applied once your qualifying wager is placed.
Must be 21+ and Present in Virginia. Gambling Problem? Call 1-888-532-3500. New Users Only. Terms and Conditions Apply.

BetMGM Sportsbook

BetMGM Sportsbook features a comprehensive selection of Olympic betting markets. From traditional bets like who will win gold in a particular event to more unique bets such as total medal counts for countries, BetMGM has a lot to offer. The app also provides in-play betting, allowing you to bet on events as they happen.

  1. $20 Deposit Minimum
  2. Bonus Bets Expire in 7 days
Must be 21+ and Present in Virginia. Gambling Problem? Call 1-888-532-3500. New Users Only. Terms and Conditions Apply.

Caesars Sportsbook

Caesars Sportsbook also supports Olympic betting with a variety of options. You can place bets on individual event outcomes, team performances, and other special bets related to the Olympics. Caesars often provides competitive odds and promotions specifically for Olympic events.

  1. $20 deposit & bet minimum
  2. Offer applies to new users only
  3. Bonus Bets expire in 7 days
Must be 21+ and Present in Virginia. Gambling Problem? Call 1-888-532-3500. New Users Only. Terms and Conditions Apply.

Types of Bets Available

When betting on the Olympics, you can choose from several types of bets. Here are some common options:

Moneyline Bets

Moneyline bets are straightforward bets on which athlete or team will win a specific event. For example, you can bet on who will win the 100-meter dash or which team will win the gold medal in basketball.

Futures Bets

Futures bets involve predicting outcomes that will happen in the future, such as which country will win the most gold medals or which athlete will be the top performer in a particular sport.

Prop Bets

Prop bets, or proposition bets, are wagers on specific occurrences within an event. Examples include betting on whether a world record will be broken or predicting the exact medal count for a country.

Live Betting

Live betting allows you to place bets on events as they happen. This type of betting is dynamic and can change rapidly based on the progress of the event, making it an exciting option for Olympic fans.

Tips for Betting on the Olympics

Research Athletes and Teams

Before placing bets, research the athletes and teams participating in the events. Consider their past performances, current form, and any other relevant factors that might influence the outcome.

Understand the Odds

Different sportsbooks offer varying odds for Olympic events. Compare odds across multiple platforms to find the best value for your bets.

Stay Updated

Keep track of the latest news and developments related to the Olympics. Injuries, weather conditions, and other factors can significantly impact the outcomes of events.

Conclusion

Yes, you can bet on the Olympics using major sportsbook apps in the US, including FanDuel, DraftKings, BetMGM, and Caesars. These platforms offer a wide range of betting options and markets for Olympic events. By understanding the types of bets available and doing thorough research, you can enhance your betting experience and potentially increase your chances of success. Enjoy the excitement of the Olympics with the added thrill of betting on your favorite sports and athletes.

Looking for more information about the best sportsbooks offers? Go to our list of the top sportsbook promotions in your state.

Betting Hero Help Center

Griffin UlshGriffin Ulsh
Griffin Ulsh, a Journalism and Communications graduate from the University of Oregon, is the Customer Experience (CX) Manager at BettingHero.com. With a year at BH, Griffin transitioned from recruiting and sales in the book printing industry to customer experience with Betting Hero. He loves following college football and the NBA and enjoys digging into stats and insights for all sports to find stories to tell.