Olympic Sports Betting 2024: Best Odds & Betting Tips

The 2024 Paris Olympics are fast approaching, promising thrilling competitions and unforgettable moments. For sports enthusiasts and betting aficionados, this global event offers a golden opportunity to engage in Olympic sports betting. To make the most of it, understanding the best odds and key betting tips is crucial. Dive into our guide to maximise your betting experience and stay ahead of the game.

The Brief History of Olympic Sports Betting

When the modern Olympics were revived in 1896 in Athens, the primary focus was on celebrating athletic excellence and international unity. Betting, though prevalent in many other sports, was not officially associated with the Games. However, informal betting among spectators likely occurred, as wagering on athletic competitions has long been a part of human culture.

The 20th century saw the Olympics grow into a global phenomenon, with more countries participating and more sports being introduced. As sports betting became more mainstream and regulated in various countries, betting on the Olympics began to emerge from the shadows. The rise of legal betting shops and the establishment of regulatory bodies provided a safer and more structured environment for sports wagering. By the latter half of the 20th century, betting on the Olympics had become more common, though still not as widespread as betting on major leagues like football or horse racing.

Today, Olympic betting is a well-established component of the Games. Major sportsbooks offer a wide range of betting options, from traditional wagers on who will win a particular event to more exotic bets like predicting the exact number of gold medals a country will win. The availability of real-time data and live betting options has further enhanced the experience for bettors.

Key Developments in Recent Olympics

2000 Sydney OlympicsMarked a significant increase in online betting, with sportsbooks offering a broad array of betting markets.

2008 Beijing OlympicsSaw a substantial rise in global betting activity, driven by China’s massive population and growing interest in sports betting.

2012 London OlympicsIntroduced more sophisticated betting markets, including live in-play betting, which allowed bettors to place wagers as events unfolded.

2016 Rio OlympicsHighlighted the importance of mobile betting, with many sportsbooks optimising their platforms for mobile users.

2021 Tokyo OlympicsDespite the challenges of the COVID-19 pandemic, betting activity remained robust, with a focus on digital platforms and live betting.

The Most Popular Sports to Bet on in the Olympics 2024

The 2024 Paris Olympics promise to offer an array of exciting sports events that attract significant betting interest. Among these, a few stand out due to their popularity, extensive media coverage, and the high-profile athletes involved. Here are the most popular sports to bet on in the upcoming Olympics:

1. Track And Fields

Track and field events are the heart of the Olympics, encompassing a wide range of competitions from sprints to marathons, and jumps to throws. This diversity provides numerous betting opportunities.

Key Events:

• 100m Sprint: Known as the marquee event, it attracts huge bets as fans predict the fastest man and woman in the world.
• Marathon: Long-distance running events are always a highlight, with bettors analysing endurance and past performances.
• Relay Races: Team dynamics in the 4x100m and 4x400m relays add extra layers of excitement and strategy for bettors.
• Field Events: Long jump, high jump, and pole vault require technical skill, making them intriguing for those who appreciate athletic prowess.

2. Soccer

Soccer is the world’s most popular sport, and the Olympic tournament brings together top young talents and seasoned players from across the globe.

Key Matches:

• Group Stage Matches: Early bets on group winners and high-scoring matches.
• Knockout Rounds: Bets on match outcomes, goal scorers, and specific match events.

3. Cycling

Cycling events, including road races and track cycling, are thrilling and often unpredictable, making them a favourite among bettors.

Key Events:

• Road Races: Long-distance events where strategy and endurance play critical roles.
• Track Cycling: Fast-paced events like the sprint and keirin provide quick results and exciting betting opportunities.

4. Badminton

Badminton is particularly popular in Asia and has a global following. Olympic badminton matches are intense and fast-paced, making them exciting to bet on.

Key Matches:

• Singles: Focus on top-ranked players and their head-to-head records.
• Doubles: Team dynamics and synergy are crucial, with specific pairs often dominating.

5. Tennis

Tennis at the Olympics attracts top players from the ATP and WTA tours, providing high-quality matches and numerous betting options.

Key Matches:

• Singles and Doubles: Bet on match outcomes, set scores, and specific match events.
• Mixed Doubles: Offers a unique dynamic and interesting betting prospects.

6. Gymnastic

Gymnastics showcases incredible athleticism and skill, with events that capture global attention and intense competition.

Key Events:

• Individual All-Around: Bets on the gymnast with the best combined score across multiple apparatus.
• Team Events: Focus on overall team performance and consistency across disciplines.
• Apparatus Finals: Bets on specific apparatus like floor, vault, and uneven bars.

7. Swimming

Key Events:

• Freestyle Sprints (50m, 100m): Bets on who will touch the wall first in these thrilling short-distance races.
• Medley Relays: Involve team strategy and individual performance across different strokes.
• Distance Events (1500m Freestyle): Focus on endurance and pacing strategies.

Types of Bets in Olympic Sports Betting

When it comes to Olympic sports betting, understanding the different types of bets is crucial to maximising your chances of success. Here’s a detailed look at the various types of bets you can place on Olympic events.

Bet Types	Description	Advantages	Examples
Moneyline	The simplest form of betting, where you bet on the outright winner of a match or event. There are no point spreads or handicaps involved.	Simple and straightforward, ideal for beginners.Only requires predicting the winner, making it easier to understand.	Betting on the winner of a 100m sprint or a tennis match. If you bet on Athlete A to win and they come first, you win the bet.
Olympic Over/Under	Also known as totals betting, this type involves betting on whether the total number of points, goals, or medals in an event will be over or under a specified number set by the sportsbook.	Doesn’t depend on the outcome of a specific match or event.Easier to predict in high-scoring or evenly matched events.	Betting on whether the total number of gold medals won by a country will be over or under 10.5.
Point Spread	Involves placing a bet on the margin of victory in a particular event. The favourite must win by a certain number of points/goals, while the underdog can either win outright or lose by less than the spread.	Excitement of betting on team sports.Offers higher returns by predicting the margin of victory.	Betting that a basketball team will win by more than 10 points (cover the spread) or that the underdog will lose by fewer than 10 points.
Prop Bets	Wagers on specific occurrences within an event that may not directly affect the final outcome. These can be based on individual performances, specific events, or even non-athletic occurrences.	Offers a wide range of betting opportunities.Allows for creative and niche bets that can be easier to predict with specialised knowledge.	Betting on the country to win the most gold medals in swimming.
Futures	Futures bets are long-term wagers placed on events or outcomes that will be determined in the future, often before the event or tournament begins.	Higher payouts due to the increased risk and longer timeframe.Allows bettors to capitalise on their predictions well before the events take place.	Betting on the winner of the men’s 100m sprint weeks or months in advance.
Parlays	Involve combining multiple bets into a single wager. To win a parlay, all individual bets (legs) within the parlay must be successful.	Higher potential payouts due to the combined odds of multiple bets.Adds excitement by linking multiple events together.	Combining bets on the winners of the 100m sprint, the 4x100m relay, and the long jump into one bet. If all three predictions are correct, you win.
Live Betting	Live betting, or in-play betting, allows you to place bets on events as they happen in real-time. Odds are continuously updated based on the current state of the event.	Provides dynamic and immediate betting opportunities.Allows bettors to react to the unfolding action and adjust their bets accordingly.	Placing a bet on the current leader of a marathon at the halfway point.

Best Odds for Olympic Sports Betting 2024

Finding the best odds is crucial for maximising your potential returns in Olympic sports betting. The 2024 Paris Olympics offer a wealth of betting opportunities across various sports. Here’s how to identify and leverage the best odds for your bets:

1. Compare Different Sportsbooks

Different sportsbooks offer varying odds for the same events. Comparing odds across multiple platforms ensures you get the best value for your bets. At MB8, you can rest assured that your Olympic betting is safe and secure, with trusted bookmakers such as MAXBET, SBOBET, and CMD368.

2. Focus on Popular Sports

Focusing on popular sports such as track and field, swimming, and soccer can also be beneficial. These high-interest sports tend to have more competitive odds due to the high volume of bets placed on them. For example, events like the 100m sprint and marathon in track and field, multiple swimming competitions, and soccer matches attract significant betting interest, leading to a wide range of odds to choose from.

3. Monitor Odds Movements

Odds can fluctuate based on factors like injury reports, weather conditions, and betting volume. By setting up alerts for odds changes on your preferred betting sites and staying updated on news and developments related to Olympic events, you can place bets at the most opportune moments.

4. Take Advantage of Promotions and Bonuses

Taking advantage of promotions and bonuses offered by sportsbooks can add significant value to your betting. Many sportsbooks, including MB8 Casino, offer promotions, bonuses, and enhanced odds for major events like the Olympics. These can include welcome bonuses for new users, enhanced odds on specific events or athletes, and cashback offers on losing bets.

Start Your Olympic Betting Now with MB8 Malaysia!

Securing the best odds for Olympic sports betting in 2024 is about more than just luck—it’s about informed strategy, diligent research, and smart timing.

To make the most of your Olympic betting, start exploring the odds available at trusted sportsbooks like MB8 Casino. With their competitive odds, wide range of betting options, and generous promotions, MB8 Casino provides an excellent platform for both novice and experienced bettors. Don’t miss out on the action—sign up today, research your bets, and place your wagers on the 2024 Paris Olympics!

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