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The following are the beginning and conclusion of the Tokyo Games:. The Olympics are one of the oldest and most prestigious sporting events in the world. As of the Summer Olympics in Brazil, countries compete in a variety of competitions with more events consistently added. The growth of the Olympic Games even led to the start of the Winter Olympics in Both now run every four years, alternating two years between each.
To learn more about the Olympic Games, be sure to check out the Olympics website. Connect with us. Legally Betting on the Olympics. Is it legal to bet on the Olympics? Best Sportsbooks for Betting on the Olympics Below you will find our recommendations for the industry's most trusted online sportsbooks offering Olympic games betting lines.
How to legally bet on the Olympics online Betting on the Olympics online is actually a pretty simple process when you are using a highly reputable online sportsbook for your betting action. Following are the steps involved: Select one or more reputable online sportsbooks such as the ones listed in this guide and register for an account. This simply involves entering your personal data name, address, etc. We recommend signing up at multiple sportsbooks so that you can quickly and easily shop for the best odds and lines.
Review the available bonus offers and promotions to see if any apply to you. Determine the process for claiming any relevant offers. Fund your account from among the available deposit options listed in the site's banking suite. Determine the wager you'd like to place. Place your bet s by selecting your desired wagering options and betting lines and then submitting your bet slip. Withdraw your winnings through the sportsbook's banking suite.
Legally Betting on the Tokyo Summer Olympics Although the Tokyo Olympics are this upcoming summer— between July 24 and August 9— most sportsbooks have yet to announce the betting lines or odds for the Summer Games. Below is the official promotional video for the Tokyo Summer Olympics. What sports are included in the Summer Olympics? Olympics prop bets Olympics prop bets, also known as proposition bets, are available in a variety of different sports and are basically wagers placed on possibilities that happen during events that may not directly affect the outcome or winners.
While there are no special strategic moves specifically for Olympics betting, we can offer a few tips: Have a basic understanding of the event on which you are betting: the Olympic games include events that many people are not intimately familiar with.
You certainly have the best chance of interpreting the odds if you understand how the game works. Keep your patriotism and loyalty out of the wager: don't bet on the athletes or nations you personally connect with as a fan. Rather, place your bets on the athlete that has the best shot at winning the event. Apply conservative bankroll management: There is no such thing as a sure bet - ask any casual or professional sports bettor.
With this in mind, only risk money you can afford to lose and when you win, apply a predetermined amount of your winnings back into your bankroll to support your betting entertainment. Important dates for the Olympics The Summer Olympics will play host to 33 sports and 22 Paralympic events over the course of a couple of weeks.
History of the Olympics The Olympics are one of the oldest and most prestigious sporting events in the world. Visit Site Review. If you are going to sign up at a legal offshore sports betting site to wager on the Olympics, you do not have to register in person obviously. The process at these books is more akin to setting up an Amazon account or Netflix account. However, these books will also require you to prove your identity either upon signing up or upon requesting your first payout.
Just like domestic sportsbooks, online books only allow you to create one account, and it is tied to you personally. While you can only have one account per Olympics sportsbook, there is no rule that you can only have one Olympics betting account in total.
In fact, one of the best, easiest, and most lucrative edges any Olympics bettor can get is to make accounts at as many online or in-state sportsbooks as possible. This allows the savvy bettor to shop lines, and shopping lines at Olympics sportsbooks can make you a ton of money in the long run. In the example above of a Philly athlete skewing the odds boards to produce unfavorable lines just due to the sheer amount of hometown betting volume on the individual , if you are able to access a book further away from Philly — in this case, overseas — you will find much better, more profitable odds.
Generally speaking, sportsbooks of all kinds compete with one another. This is as true when it comes to an international event like the Olympics as it is when it comes to local NFL betting on the home team. It is not at all uncommon for books to have drastically different odds on the same exact wagers.
Most US-based books will not accept cash, however, so keep that in mind. If you go the offshore route, all of the top books accept Visa and Mastercard credit and debit cards, and most books also take international prepaid or credit-branded gift cards. The one area where offshore online books really shine on the deposit front, however, is that they all accept Bitcoin and other cryptocurrencies. These are the most popular choices for funding overseas sports betting accounts, and US-based books simply do not accept crypto as yet.
One place where offshore online sportsbooks shine is in the bonuses they offer. Most land-based books and domestic Internet-based books simply do not have competitive bonuses — if they have bonuses at all! However, be aware that these and other Olympic betting bonuses will come with terms and conditions that you must adhere to.
For example, Bovada has the best, most accessible first-timer bonus in the business. While this seems like a low amount it is! Other bonuses often come with rollovers of 10X or more. A good bettor can easily meet the 5X rollover terms without depositing even a single fresh dollar. Like all forms of sports betting, knowing how to bet on the Olympic games is simple, but making the correct bets requires a bit of knowledge.
Every event will have betting lines and odds for you to wager on. You will be able to wager on sporting events like basketball, track and field, gymnastics, and diving all with betting lines for every country participating. You will also find prop bets like how many medals a given country will have. The Olympics brings forth a slew of betting opportunities for sports bettors. The options on offer at online sportsbooks are substantial, and with the wide array of events during the Olympics, betting opportunities are increased.
An Olympic straight bet on, say, a soccer match, will look something like this:. Spreads are typically used mostly in team sports, as they are a way to handicap the favorite to encourage more betting on both sides. The following rugby line is an example of Olympic spread betting:. Here, Fiji is a 7. Thus, a wager on Fiji is only a winner if they beat Japan by 8 or more points. A wager on Japan will be a winner if Japan wins outright or loses by up to 7 points.
Instead, they are numbers assigned to a contest that represent the final total points scored between both teams or competitors. Consider the following Olympic basketball totals line:. Betting on futures at the Olympics makes up a pretty outsized portion of the market, as it is the portion of the market that is open the longest. For example, some sports betting websites already have odds up on the Olympics that were delayed due to the COVID pandemic.
As an example, consider the odds for which country will win the most gold medals. These three countries are the top three. These include things like futures bets, player prop bets, team prop bets, specials, parlays, and more. Futures are extremely prevalent in Olympics betting, as large field odds are posted well ahead of time of most contests. Individual sports have especially robust futures selections, where you can wager on certain outcomes weeks or even months in advance.
Examples of Olympic prop bets would be to pick whether or not a certain athlete will clear the meter sprint under a certain time limit or whether a basketball team will give up more or fewer than a given number of points in the paint. Additionally, bettors can string multiple wagers together to form parlays, which will always pay out better than hitting on all the constituent bets individually. If a wager is live at your book of choice, chances are you can add it to a parlay ticket.
With all the different ways to wager on the Olympics, you might feel overwhelmed. In fact, not only is it simple to read the odds boards and wager on the Olympics, you can do so quickly and efficiently, even on your smartphone or tablet!
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