Olympics Odds and Betting News for Paris 2024 Summer Olympic Games

Olympics odds and betting news for the Paris 2024 Summer Olympic Games are here.

The opening ceremonies mark the formal start of the Summer Games on July 26, 2024, but a handful of qualifying events (archery, soccer, handball, and rugby) begin on July 24. Preliminary rugby and soccer bets may draw some early betting interest in the US. The first medals for any sport are handed out starting a day after the Opening Ceremonies — on July 27.

Here, we break down the latest Olympics betting odds with analysis and previews of the major events.

2024 Summer Olympics Odds

After a global pandemic wiped sports off the map, sports fans enjoyed a surge in Olympic odds during the last competition cycle.

The 2020 Tokyo Olympics were held in the summer of 2021. Next, the cauldron was lit to kick off the Beijing Winter Olympics in February 2022. So, these major betting events followed each other in a much shorter amount of time.

Now, the schedule is back on track, and the best sportsbooks in the US are ready for the Summer 2024 Olympic Games in Paris.

The way Olympic betting odds shift is similar to what bettors see across regular sports leagues. Odds are set by oddsmakers who are intimately familiar with the sport they set odds for. However, they’re also financial geniuses who understand how to hedge risk. They know how to tweak the odds to ensure that sportsbooks don’t have to pay too much in winnings no matter the outcome of the event.

Best Olympics Betting Apps: Where to Bet On the Olympics

Betting on the Olympics is available in most states where sports betting is legal, but the Olympics betting catalog might look different depending on where you’re located.

Most sportsbooks set betting lines for various events throughout the Olympic Games. This page is updated with live Olympics odds from various sportsbooks as the lines shift in real-time. Your sportsbook of choice works with state regulators to establish all legal Olympic betting options ahead of time, so you’ll only see legal Olympics odds at regulated sportsbooks in your state.

How To Bet On The Olympics

Betting on the Olympics is a straightforward process.

Once you find a sportsbook and claim the betting bonus offer, you can register for an account.

Next, you can make your first deposit, select a betting market to get started with, and you’ll be able to begin wagering on Olympic betting lines.

Olympic Bet Tracking

The practice of tabulating or recording your betting history is called bet tracking. Advanced bet tracking is essential because numbers are king. Properly monitoring and tracking your bets Olympics wagers can help make you gambling royalty. Sports gamblers, novices, and veterans alike are guaranteed to improve their betting performance with this simple hack.

Common Olympic Bet Types

Betting on the Olympics is similar to regular sports betting. The details change, but bettors will find moneylines, totals, and futures bets just like everywhere else. Bettors will find wagers on plenty of additional markets, including how many gold medals Americans will win during all Olympic events. You can also find wagers on outright event winners. Track and field, swimming, and gymnastics are consistently among the most popular Olympic sports. So watch and research them especially carefully before joining the action.

Below, you’ll find a few of the most popular types of Olympic bets.

Event Winner Odds

Some of the most popular wagers include picking winners and predicting point totals. It’s exciting to see how far Olympians can push themselves. However, the odds can change dramatically depending on international doping scandals and revelations about athletes. Anything that can shake an athlete’s focus can tweak the odds. The stage is more public, but the factors affecting odds changes are largely the same.

Olympic Prop Bets

While every major sporting event has ridiculous prop bets, something about the Olympics brings out oddsmakers’ inner crazy. Bettors will find regular prop bets, like team props, individual props, and of course, bets on the opening ceremony. Betting on exotic props provides another fun way to join the action.

Live Olympics Betting

Sports betting apps offer live in-game betting during the Olympics. Live betting is one of the most popular and profitable (for sportsbooks) forms of wagering. One team of DraftKings analysts found that 75% of UK internet sports betting revenue comes from in-game microbets. Microbets are bets on the next play’s outcome, which are the subjects of many a living room brawl. Sportsbooks won’t miss the chance to profit from live betting where it’s applicable at the Olympics.

Live betting is great if bettors know an athlete’s or team’s performance pattern. Understanding how they tend to perform at different times throughout a match can help bettors exploit the shifting odds.

Good luck studying.

How to Time Your Olympics Bets

After three consecutive Olympics in the Far East, a shift west to France should improve the viewing and betting experience in the US. Time zones were a challenge in Pyeongchang, Tokyo, and Beijing.

For example, organizers in Asia had to hold some showcase events in the early morning hours locally in order to fit live prime-time viewing windows in the US. In other cases, North American viewers would have to avoid spoilers and settle for a replay of competitions that unfolded in the overnight hours. That simply doesn’t work in the world of sports betting!

The Paris games should ease the time gap for some events, but a day in France does start (and end) earlier compared to our viewing patterns in North America. A noon event in Paris would begin at:

• 6 a.m. in New York City
• 5 a.m. in Chicago
• 4 a.m. in Denver
• 3 a.m. in Los Angeles

Likewise, a 6 p.m. event in Paris would begin at:

• 12 p.m. in New York City
• 11 a.m. in Chicago
• 10 a.m. in Denver and
• 9 a.m. in Los Angeles

This means US viewers will still have to watch a delayed broadcast of some events. Even so, North American TV rights are very important to the International Olympic Committee (IOC). They’ll go out of their way to schedule the most popular events as late as possible to fit the primetime window in North America.