Contents
- Get Ready to Bet: Essential Insights on the 2024 Olympic Games
- Legality in Canada: How to Safely Bet on the Olympics
- Uncover the Latest Olympic Sports Trends Here
- What to Look for in an Olympic Betting Site?
- Uncover the Top Betting Strategies and Bet Types for Success
- Transform Your Betting Results: Use These Tips Today
- Preparation Is the Key to Success: Research Better Predictions
The Paris 2024 Olympic Games are finally here. The big event starts on Friday, July 26 and will run through to Sunday, August 11. This blog will tell you all the best sites for betting on the Olympics, the top markets, and more.
Get Ready to Bet: Essential Insights on the 2024 Olympic Games
- Paris has hosted the Olympic Games three times (1900, 1924 and 2024)
- The 2024 Olympic Games will feature 329 events across 32 sports
- Over 10,000 athletes will be competing at the Paris 2024 Olympic Games
Legality in Canada: How to Safely Bet on the Olympics
Betting on the Olympics is completely legal in Canada. The Parliament of Canada legalised sports betting throughout the country when it passed Bill C-218 in August 2021.
Level up your betting game with unbeatable promotions
When you sign up to a Canadian betting site, you can claim a generous welcome bonus. Make the most of your betting strategies by claiming one of these offers.
You should also look out for sportsbooks with specific Olympics betting bonuses. Many sites have special existing customer promotions going on right now to celebrate the Olympic Games in Paris.
Uncover the Latest Olympic Sports Trends Here
Of the 32 sports featured at the Paris 2024 Olympic Games, track and field and basketball are the most popular Olympic sports to bet on.
Basketball is popular mainly because of its global superstars, such as Lebron James and Kevin Durant. While less popular, track and field events are seen as the quintessential Olympics events by sports bettors. That includes events from 100m, 200m, 400m and 800m races, along with high jump, long jump, shot put, and more.
In Canada, soccer — especially women’s soccer — swimming, and tennis are also very popular betting markets. The Canadian men’s basketball team has also enjoyed success in recent years, though, and will be one for Canadians to keep an eye on.
What to Look for in an Olympic Betting Site?
The first thing you should look for is a site that has a lot of Olympic betting markets. You may plan on only betting on a few sports. However, as the Olympics goes on, you may find another sport to place your wagers on.
Betting odds are the next thing you should look for. Not every sportsbook has the same odds. Pick a site with competitive odds to make sure you get the best bang for your buck.
Speaking of getting the most for your money, you should also look for Olympic betting sites with generous bonus offers. If you are new to sports betting, claiming a big welcome bonus is a great way to start.
Comparing Sports Betting Sites in Canada
| Sportsbook | Bonus Offer | Best Feature | Number of Olympics Sports Available |
| Bodog | 100% deposit match up to $400 | Huge betting market | 29+ |
| BetPlays | Deposit match up to $2,000 | Biggest bonus offer | 29+ |
| CashWin | 100% deposit match up to $450 | Bitcoin-friendly | 20+ |
| GreatWin | 100% deposit match up to $150 | Rewarding VIP program | 20+ |
| TonyBet | 100% deposit match up to $100 | Competitive odds | 12+ |
Uncover the Top Betting Strategies and Bet Types for Success
In addition to there being 300+ events to bet on at the Paris 2024 Olympics, there are also many ways you can bet on the Olympics. Here are some of the most common types of Olympics bets.
- Straight: They are simple bets on who you think will win a match or event. You will also see them called moneyline bets for more commonly bet on sports, like basketball and soccer.
- Spreads: Spreads, or betting against the spread, means betting on the margin of victory. For example, if Team Canada’s basketball team is -5.5 favourites against France, they would have to win by 6 points or more for you to win your bet.
- Totals: Typically, totals bets are wagers on the number of points, goals, etc. scored in a match. However, at the Olympics, you can bet on the number of medals a nation will win. Sportsbooks set a line close to where they think the total will end up. You simply wager on whether the actual total will be more or less than that line.
- Futures: Any bets on the outcome of something bigger than a single event. For the Olympics, this means medal counts. You can bet on the number of gold medals a nation will win, their total number of medals, which nation will win the most medals overall, etc.
- Props: Props are wagers on some aspect of an event unrelated to the outcome. For example, you can wager on whether Victor Wembanyama will have more than 3 blocks in an Olympics basketball game.
- Live bets: Any wagers placed after the event has started. While they’re not always available for every event–like the 100m, which ends in less than 11 seconds–live bets are a fun way to spice up your viewing experience.
Transform Your Betting Results: Use These Tips Today
To help you get started on your research, here are some insights on the most popular Olympics betting markets.
Country that wins the most gold medals
Team USA has won the most gold medals at every Olympic Games since 1992, apart from the 2008 Beijing Olympics. America is the most popular pick to top the table again in 2024.
USA: total gold medals over or under
Most sportsbooks have set the over/under line for US gold medals at around 40.5. The US won 39 gold at the Tokyo Olympics amid COVID conditions. Team USA won 46+ gold medals at the 2016 and 2012 Olympic Games.
Canada: total gold medals over or under
Canada’s gold medal totals line has been set at 5.5 golds. The Canadians have only won more than 5 gold medals at one of their last six Summer Olympic Games.
Preparation Is the Key to Success: Research Better Predictions
One of the best things about the Olympics is learning about sports and athletes you’ve never heard of before. This also makes betting on the Olympics really interesting, but only if you do your research first. Backing a popular pick or betting with your heart and not your head on a sport you’re unfamiliar with is a good way to lose money betting on the Olympics. Do your research before placing your bets.
