Betting the Olympic Games
Betting the Olympics is legal. It wasn’t always true but it is now, There are several legal opinions on the web that commiserate with that decision. But is it any different that other types of betting?
It won’t be long before the different events will have their odds posted for the 2020 Summer Olympics in Tokyo, Japan and the 2022 Winter Olympics in Beijing, China. There will be plenty of events in these games for you to bet and make some money. However, if you attempt to create a profit on events that you have little knowledge about, you could be in serious trouble and lose money.
In the summer Olympics there are 39 categories of events and within each category, there will be separate events for make a bet. Within track and field, there will be 49 separate events that each will receive a gold medal.
It is fun to get involved with the viewing of the Summer Games and it can possibly become lucrative to get involved in the betting aspect of the Olympics. But before you head out to a sportsbook and plunk your money down, we are going to consider a few of the most common sports that you may consider.
Money Making Events
Let’s look at Olympic Basketball. There are two winners. One in the men’s category and one within the women’s side. You may have some familiarity here due to the fact that some of the biggest NBA stars may be taking part for their respective countries.
Because of this you should be able to find mismatches along the way but be careful because it is possible the stars of the game aren’t looking for blowouts. They may be fine with a close game and just allow it to play out for a win. Also, blending stars and asking them to adjust may take time.
Another sport that is familiar is soccer. The main difference in Olympic soccer and the professional game is that these guys and gals are younger and less polished in the game. The big stars don’t come out for this event. Countries that are traditionally strong doesn’t always translate to the Olympic soccer.
Olympic boxing is fun to watch and can become a lucrative event for your betting. There are 13 amateur events in this category. The boxers are easily identifiable on the web along with their background of previous fights. This is a definite money maker.
Tennis is the easiest to bet. The reason for that is we are familiar with the big names and their abilities. It’s like a regular tennis match you may choose to bet on. The glamour and glitz of the matches are actually less stressful than playing on the tour. Handicapping the doubles is much harder because normal pro teammates may be from other countries.
If you are looking for value, you may wish to consider water polo. If you are willing to put in the work for research, you could have a big advantage and many don’t follow it closely.
Cycling is a sport that may also have some value. Pro riders are so much better than the amateurs as that becomes easier to predict your chance for success. Also, the Tour de France has finished shortly before the Olympic and this gives an advantage to those riders with recent competition. Researching strengths and weaknesses could help you make money.
Other Olympic Events to Bet
- ARTISTIC SWIMMING
- BEACH VOLLEYBALL
- CANOE SLALOM
- CANOE SPRINT
- CYCLING BMX
- CYCLING MOUNTAIN BIKE
- CYCLING ROAD
- CYCLING TRACK
- EQUESTRIAN / DRESSAGE
- EQUESTRIAN EVENTING
- EQUESTRIAN JUMPING
- GYMNASTICS ARTISTIC
- GYMNASTICS RHYTHMIC
- MARATHON SWIMMING
- MODERN PENTATHLON
- TABLE TENNIS
- WATER POLO
- WRESTLING FREESTYLE
- WRESTLING GRECO-ROMAN