Summer Olympics Betting Guide

Best Summer Olympics Betting Sites

The betting sites listed below are legal and licensed in most states nationwide and offers a vast range of options for wagering on all the action at the Summer Olympics. By creating an account at one of these brands, you’ll qualify for new-customer bonuses and promotions, so take your pick from our top-rated choices.

Best Summer Olympics Sportsbook by Category

Sports betting enthusiasts have diverse preferences when it comes to choosing the right online platform for their wagers. That’s why we provide an overview of top-rated Olympics betting sites based on specific criteria. These criteria play a crucial role in determining the best fit for different players.

For those keen to bet during the Olympics, the available sports markets at sportsbooks is a key consideration. Most betting services excel in offering a wide selection of sports, ensuring that enthusiasts have enough options.

A variety of bonus options, including those specifically tailored for betting on the Olympics, can enhance your experience. Other than that, an intuitive and user-friendly interface is quite important as well. Whether you’re a seasoned gambler or new to betting, a well-designed platform can make a significant difference in navigating odds and placing bets.

Rating Criteria

We ranked sportsbooks based on several key factors. This includes the sportsbook’s reputation for fair play, and licensing and regulation. Also weighted is the variety of Olympic events, competitive odds, and betting options are offered.

Our goal in this guide is to give you as many Olympic betting tips as possible. This way, you’ll be more prone to make informed wagers regarding the top Summer Olympics betting sites. Since individual preferences can vary, we have selected diverse operators with very distinct features.

Security & Licensing

To determine if a Summer Olympics sports betting site is licensed in the US, you should first visit the sportsbook’s website and look for licensing information. This is typically found in the footer. Licensing authorities vary by state, so check your specific state’s gaming commission. See the different regulatory bodies from the USA below:

To ensure secure deposits and withdrawals on online sports betting sites in your state, reading guides such as the BetRivers New York sportsbook review is remarkably useful. In these types of gambling reviews, there’s always information about the sportsbook’s payment security, encryption technology, and the track record regarding payouts.

In-Play Betting Options for the Olympics Games

Live betting, also known as in-play or in-game betting, allows you to place wagers on sporting events as they happen. Many online sportsbooks in the US offer live betting on a wide range of events during the Summer Olympics. Here are some of the in-play bet types available on the Summer Olympics betting sites:

You can also make live bets on outcomes, points, scores, or specific moments in real time by selecting the corresponding options on Summer Olympics betting sites. Popular live bets include winner predictions, point spreads, and over/under bets for individual events or medal counts. Here is the most popular US sportsbook that offers live betting on Summer Olympics:

Live betting is popular due to its dynamic nature. Its main advantages include the ability to capitalize on changing game situations and enhanced engagement. However, it may not be suitable for inexperienced players, as quick decisions are needed, and odds can fluctuate rapidly. It’s recommended to have a good understanding of the sport and betting strategies before trying live betting.

Summer Olympics Betting Props

Prop bets are unique wagers on specific outcomes or events within a game. They can be available for the Summer Olympics, focusing on various aspects like athlete performance, medal counts, or even non-sporting occurrences. Prop bets work by predicting specific details, like the number of gold medals won by a country or the time an athlete finishes a race.

Two main types are player props, involving individual athlete performances, and game props, focusing on team or event-related outcomes. Prop bets are suitable for experienced players with in-depth knowledge of the sport and its nuances, but not all Summer Olympics sportsbooks offer them. Here is our top recommended Summer Olympics sports betting site that offers prop bets for US players:

Choosing prop bets during the Olympics can add excitement to your betting experience, allowing you to focus on specific aspects within the games. On betting sites with tennis markets, for example, you might find prop bets on the number of aces by a player, the total games in a set, or even the exact score of a match.

Still, prop bets aren’t that popular yet on Summer Olympics, as straight-up wagers are mostly preferred. One disadvantage they have is that they require in-depth knowledge of the event/game. Regardless of the type of wager you prefer, remember always to gamble responsibly and seek help when needed. Know that many responsible gambling organizations are willing to help you anytime.

Summer Olympics Futures

Summer Olympics futures are long-term bets where you predict the outcome of an event well in advance. To make such bets, choose the sport, event, or athlete you want to wager on, and place your bet before the Olympics begin. Not all US online sportsbooks may offer futures bets for every event, so it’s essential to check each sportsbook’s offerings.

While futures bets are available for many Summer Olympics events, not all of them can offer such betting possibilities. To explore your options when betting on them, research different sportsbooks and their available futures markets. With regards to our recommended Summer Olympics betting sites, rest assured that most platforms do offer this betting type.

Summer Olympics Betting Promos

Most online Summer Olympics sportsbooks in the US offer bonuses. While welcome bonuses typically target new players, there are ongoing promotions for existing customers. When claiming a bonus, pay attention to the terms and conditions, including wagering requirements, minimum odds, and expiry dates.

Make sure that the bonus aligns with your Summer Olympics sports betting goals and that you understand how to fulfil any requirements for withdrawal. Staying informed about available promotions can maximize your betting value, allowing you to make the most of your wagering experience. We have picked the best online Summer Olympics betting bonus offers in the USA:

Choosing one of the top bonuses from the Olympics betting sites could potentially boost your bankroll. While some sportsbook betting bonuses require a deposit, sometimes there are no-deposit options allowing you to enjoy first bet offers or bonus funds without any initial financial commitment. These offers provide opportunities to maximize your gains during the games.

Top Apps for Betting on the Summer Olympics

We selected the best Summer Olympics betting apps after a thorough evaluation process. We considered factors like user interface, compatibility, betting options variety, competitive odds, etc. Our goal was to recommend apps that offer convenience, reliability, and a wide range of features to cater to the diverse needs of sports gamblers.

We also examined app performance, reliability, live betting features, deposit and withdrawal methods, data security, and customer support responsiveness. Keep in mind that it’s not always necessary to download a dedicated app since sports betting platforms can also be used directly on your Internet browser. You can find the best mobile Summer Olympics betting apps in the USA below:

Choosing one of our top sports betting apps is a wise choice as they stand out with their user-friendly interfaces, cool designs, extensive betting options, and competitive odds. Moreover, these apps are suitable for Android and iOS devices. It’s always nice to be able to bet on the go, without the need to depend on a desktop device or a laptop.

Available Payment Methods – Deposits and Withdrawals

The Summer Olympics betting sites featured here typically accept a wide range of payment methods. These include debit/credit cards like Visa or Mastercard, bank transfers, and even e-wallets such as Skrill or PayPal. Unfortunately, there are no crypto payments available yet. Therefore, we hope that Bitcoin and other cryptocurrencies are introduced soon.

Most sports betting sites with Olympic games odds offer various withdrawal methods, but not all are available for every deposit option. Common withdrawal methods include e-wallets, bank transfers, and checks. While some sportsbooks may require withdrawals through the same method used for deposits, many offer flexibility in choosing your preferred withdrawal option. It’s common for sportsbook apps to accept PayPal for both withdrawals and deposits.

Summer Olympics Gambling Sites with Fast Payouts

Not all online sportsbooks offer fast payouts, with 3 to 7 days being the norm. Faster payouts take from 1 to 5 days. The payout times depend on the chosen payment method. E-wallets often provide quicker withdrawals compared to bank transfers or checks, which may take longer. Here are the top Summer Olympics gambling sites with the fastest payout times:

Bonus offers don’t affect payout times directly, but meeting wagering requirements can delay withdrawals. Payout times depend on sportsbook policies, payment methods, and verification processes. Among common methods, e-wallets like PayPal often offer the fastest payouts for betting on the Olympics, typically within 1 to 3 days, due to their efficiency in processing transactions.

Legality of Betting on the Olympics Online

Online Summer Olympics betting is legal in the United States, but the legality and regulations vary by state. It was legalized at the federal level in 2018 when the Supreme Court overturned the Professional and Amateur Sports Protection Act (PASPA). Since then, many states have passed their own laws to allow and regulate sports betting.

Numerous online sports betting sites accept players from the US. The minimum age to bet on the Summer Olympics online in the US varies. In many states, the legal minimum age is 21 years old. However, some states may set it at 18. It’s advisable to check your specific state’s laws and available sportsbooks for up-to-date information.

In addition to sports betting, several other forms of gambling are legal in the US, with their legalization dates varying by state. These include casino gambling, lotteries, poker, and horse racing. Many states have also legalized online casinos, poker, and lottery sales, but availability depends on individual state laws.

If you want to enhance your betting experience, consider following Olympic betting tips from experts to make informed wagers. You can find these on the best legal Summer Olympics sportsbooks in the US, where you will also be able to maximize your chances of success across various events potentially.

States with Legal Online Sportsbooks

Summer Olympics Betting Guide

To bet on the Summer Olympics online, first familiarize yourself with the sports and events. It’s recommendable to consider strategies like researching athletes, analyzing past performance, and managing your bankroll wisely. A betting strategy also involves setting limits, choosing bets carefully, and not chasing losses.

Start with small bets and gradually increase stakes as you gain experience. While there are no guaranteed wins, a well-thought-out strategy can improve your odds. You need to spend real money to make bets on the Summer Olympics. However, note that responsible betting is essential to enjoy the Olympics while managing your budget effectively.

How to Bet on the Summer Olympics for Real Money

1. Choose a Summer Olympics betting site Select a trusted Summer Olympics betting site.
2. Open an account Register and create your account.
3. Make a deposit Deposit funds securely into your account.
4. Consider the bonus offer Review available bonus offers and terms.
5. Decide what game you want to bet on Decide on your preferred Olympic event.
6. Choose the type of bet Choose the specific type of bet you want.
7. Place your bet Place your bet with desired stakes.
8. Wait for the results Await the event outcome with anticipation.
9. Collect your winnings Claim your winnings upon a successful bet.

Popular Summer Olympics Bets

Online sportsbooks in the US offer a wide range of bet types. These include straightforward bets like event winners, moneylines, point spreads, and totals. More complex options like parlays, teasers, and prop bets are also available. The availability of bet types can vary depending on the sport and the sportsbook.

To decide the right bet, consider factors such as your knowledge of the sport, risk tolerance, and betting goals. For beginners, simpler bets like money lines or event winners may be a good starting point. More experienced players may explore complex bets to maximize potential returns. We have listed the available types of bets below:

• Event Winner

  Bet on the outright winner of a specific Summer Olympics event, predicting the athlete or team that will claim gold.

  Try at DraftKings NY

• To Qualify

  Bet on whether an athlete or team will qualify for a subsequent round or stage in their Summer Olympics event.

  Try at Borgata NJ

• Props

  Prop bets involve unique predictions on specific occurrences during the Summer Olympics, like medal counts, individual performance milestones, or unusual event outcomes.

  Try at SuperBook NJ

• Parlays

  Combine multiple bets into one, increasing potential payouts, but all included bets must win for the parlay to pay out.

  Try at SugarHouse CT

• Summer Olympics Event Bets

  Make your bets on various aspects of specific Summer Olympics events, like point spreads, over/under totals, or player-specific performance metrics.

  Try at Caesars Sportsbook VA

It’s essential to research, analyze, and choose bets that align with your understanding of the sport and your desired level of risk. Not all sports betting options are available at every online sportsbook in the US. Each sportsbook may offer a different selection of betting options depending on their focus and customer base.

These options cater to a wide range of players, from beginners to experienced gamblers. To use them, sign up at a sportsbook, navigate to your chosen event or sport, and select the specific bet type you want. While popular for major sports, the availability of these options can vary for less mainstream sports.

Popular Summer Olympics Teams to Bet On

Summer Olympics betting is legal in the US. Nonetheless, some states have fully legalized and regulated sports betting, while others have restrictions or are in the process of legalization. To bet on the Summer Olympics, you can use licensed and regulated betting sites available in states where online sports betting is legal such as New Jersey or Michigan.

Popular events include track and field, swimming, gymnastics, and basketball, with various betting options offered by reputable sportsbooks. Make sure you check your specific state’s laws and choose a licensed platform to enjoy Summer Olympics betting legally and securely. Check a list of the most popular Summer Olympics teams to bet on below:

• United States
• China
• Russia (or ROC – Russian Olympic Committee)
• Japan
• Germany
• Australia
• Great Britain
• Canada
• France
• Brazil

These popular Summer Olympics teams draw significant betting interest due to their consistent performance across a wide range of sports and events. Each of these nations boasts a strong and competitive presence in various disciplines, which makes them attractive options for players seeking diversity in their wagers.

These countries typically participate in plenty of events, from athletics and swimming to gymnastics and team sports like basketball and soccer. Betting opportunities are available for most games within these events. You can place bets on individual matches, overall team performance, medal counts, and even specific athlete achievements, depending on the sportsbook’s offerings and event-specific markets.

Key Information About the Olympic Games

You can bet on the Summer Olympics once the event schedule is announced, typically well in advance of the games. Online sportsbooks offer the convenience of betting on various events, from athletics to swimming, providing a wide range of wagering options. The number of games in the Summer Olympics can vary, but it typically includes over 30 sports.

Numerous events take place within each sport. In recent Summer Olympics, there have been around 300 events, with thousands of athletes from around the world competing for medals. This diversity of events and competitions offers ample opportunities for sports gamblers to engage with the games.

• When: TBA
• Where: TBA
• Teams: 206
• Station/ TV Channel: NBC and NBCUniversal’s TV
• Live Stream: NBCOlympics, NBC Sports App, Olympics YouTube Channel

Not all US states allow betting on all Summer Olympics games due to varying state regulations. To find the best betting odds, compare different sportsbooks as odds can vary between them. Before making a bet, consider factors like athlete performance, past records, event conditions, and injury reports.

Popular games often include athletics, swimming, gymnastics, basketball, and soccer, attracting significant betting interest. To maximize your betting experience, research, and stay informed about sports events and odds, which can enhance your chances of making successful wagers during the Summer Olympics.

Summer Olympics Games – Seasons, Bets, Odds

In the next Summer Olympics, there will be 32 sports encompassing 329 events. However, you may not be able to bet on all of them, as sportsbooks often focus on the most popular events and those with significant betting interest. Not all US online sports betting sites allow live betting, but most of our recommendations do.

To find the best odds, compare multiple Summer Olympics betting sites, as odds can vary between them. Consider using odds comparison websites or apps to identify the most favorable odds for your chosen bets. This can help maximize your potential returns when betting on the Summer Olympics.

Online vs. Land-Based for Olympics Betting

Online and land-based betting on the Summer Olympics differs in several ways. Online betting offers convenience, allowing you to wager from anywhere with internet access, while land-based betting requires a physical visit to a sportsbook. Online betting provides a wider range of betting options, bonuses, and competitive odds, whereas land-based options may have limited choices.

Land-based betting offers a social experience and immediate cash payouts. However, online betting is often more recommendable due to its convenience and accessibility, especially when betting on a diverse range of events. We have listed the main pros and cons for both online and land-based sportsbooks in the table below:

Problem Gambling Help

Compulsive gambling can be identified by several signs. Individuals with this condition often experience a loss of control, finding it difficult to quit gambling despite their efforts. They may constantly think about gambling, preoccupied with planning future bets or dwelling on past wins and losses. Chasing losses is common, where they wager increasingly larger sums to recover previous losses.

The National Council on Problem Gambling (NCPG) offers resources, a helpline (1-800-522-4700), and support groups. Gamblers Anonymous (GA) provides meetings and assistance for those dealing with addiction. Therapy with specialized counselors is also effective. As you can see, support and treatment options for responsible gambling in the US are available. Many resources are free, offering valuable help for individuals.

FAQ

Conclusion – Bet on the Summer Olympics

Our featured Summer Olympics sports betting sites stand out for their reliability, security, and comprehensive betting options. They hold licenses from reputable gambling authorities, ensuring a safe betting environment. In the US, there are several licensing authorities for sports betting, but some commonly recognized ones include the Nevada Gaming Control Board and the New Jersey Division of Gaming Enforcement.

Blake Roberts, a Morgantown native with a background in statistics, takes the position of Editor in Chief at Betting.us. He combines his love for sports and his knowledge of statistics to produce high-quality sports betting reviews. Blake enjoys evaluating online betting sites and believes that keeping a professional mindset in gambling is of utmost importance.

Blake Roberts, Founder & Editor in Chief

Our featured betting sites are safe to play at, holding the necessary licenses. They offer a wide range of sports to bet on, not limited to just those found at the Olympics. Most of these platforms would also offer betting options for the Winter Olympics, providing another unique wagering experience.