Olympics betting sites 2024 - our guide to betting on the Olympics
Updated:
With the 2024 Olympics set to get underway in Paris, there’s an exciting summer of betting opportunities ahead. We’re big fans of betting on the Olympics down to the huge range of sports and there being so many markets. As you read on, we want to share with you the best betting sites where you can get in on the action. We're also going to share some top tips so that you can get the most out of this experience.
List of 2024 Olympics betting sites
Found: 10 Bookmakers
| Rank | Bookmaker | Bonus | Claim |
|---|---|---|---|
| 1 |
|
100% Welcome bonus up to 130,000 KRW 18+ T&C apply, BeGambleAware.org |
BET HERE Go to 1xBet website |
| 2 |
|
Welcome Bonus up to 160,000 KRW 18+ T&C apply, BeGambleAware.org |
BET HERE Go to 22Bet website |
| 3 |
|
100% Welcome bonus up to 119,000 KRW 18+ T&C apply, BeGambleAware.org |
BET HERE Go to Melbet website |
| 4 |
|
100% Welcome bonus up to 135,000 KRW 18+ T&C apply, BeGambleAware.org |
BET HERE Go to Megapari website |
| 5 |
|
100% Welcome bonus up to €100 18+ T&C apply, BeGambleAware.org |
BET HERE Go to 20Bet website |
| 6 |
|
100% Welcome bonus up to $150 18+ T&C apply, BeGambleAware.org |
BET HERE Go to Ivibet website |
| 7 |
|
100% Welcome bonus up to 140,623 KRW 18+ T&C apply, BeGambleAware.org |
BET HERE Go to BetWinner website |
| 8 |
|
Welcome bonus up to €1000 18+ T&C apply, BeGambleAware.org |
BET HERE Go to Pribet website |
| 9 |
|
Welcome bonus up to $20,000 18+ T&C apply, BeGambleAware.org |
BET HERE Go to BC.GAME website |
| 10 |
|
100% Welcome bonus up to $500 18+ T&C apply, BeGambleAware.org |
BET HERE Go to Mystake website |
Top 2024 Olympics betting sites that we recommend
Updated:
Table of contents
Here you’ll find all the information you need for betting on the 2024 Summer Olympics in Paris.
- Best Olympic Games Betting Sites
- A closer look at our favourite Olympics betting sites
- How we picked the best bookies for Olympic Games betting
- Olympic sports you can bet on
- How to bet on the Olympics
- A breakdown of different types of Olympic bets
- Olympic betting tips to get you started
- Olympic betting strategies for first-time bettors
- Odds on most gold medals by country at Olympics
- Upcoming Paris 2024 Olympic events to bet on in August
- How to sign up at a bookmaker to bet on the Olympics
- Responsible Gambling
- Additional resources for betting on the Olympics
- Summer Olympics betting FAQs
What’s up next is a look at the best betting sites for the 2024 Paris Olympics. These are the sites that we’ll be using ourselves and we’re sharing these now so that you can enjoy a summer of first-class betting activity too. Before you place a wager anywhere else, these are the sites that you need to check out:
1. 20Bet
2. 22Bet
3. MELBET
4. Megapari
5. 1xBet
A closer look at our favourite Olympics betting sites
We’re now going to look at the detail of the best Olympics betting sites. Each and every one of these sites has been checked by our expert to make sure that they meet our standards before adding them here. Let’s take a look at where you can head to get the ultimate experience this summer:
1. 20Bet
Our 20Bet review shows that this operator has a Curacao license and has been on the scene since 2018, meaning that this will be its second Olympics. A look at a 20Bet review quickly shows how trusted this operator is.
There’s a great offer here for new customers keen to get involved with betting on the Olympics, with a 100% matched deposit up to $150 up for grabs. There’s also the chance to claim weekly free bets as well as up to $35,000 of these if you wager at least $150 in a week.
There are more than 30 sports to bet on here and all the major markets are covered. It was great to see breakdancing included as this is one of the new sports being introduced to the Olympics this year. However, our sport of choice here is football. Why? Well, this is where 20Bet excels when it comes to competitive odds. With other sports, they are more in line with other operators, but the football odds are extremely attractive.
There are plenty of payment options here including crypto and a range of e-wallets. You can start to bet here by depositing at least $20, with no upper limits.
Let’s take a look at what our expert, Eugene Ravdin, has to say about the 20Bet site:
Eugene Ravdin
This is a great destination for Olympic betting thanks to a generous welcome bonus and competitive odds across events.
- Advantages
- $150 welcome bonus
- Breakdancing markets
- Unlimited deposits
- Limitations
- No mobile app
- Restricted countries
2. 22Bet
As we compiled this 22Bet review, we noted that this site launched in 2019 and comes with a Curacao license. This is another trusted operator that’s great for Olympics betting.
If you’re looking to boost your bankroll before you wager, you can claim a 100% matched deposit up to $300. There are also reload bonuses that mean you can keep your balance boosted throughout the Games. If you’re in Norway, the welcome bonus goes up to 1,400 NOK.
22Bet offers just over 20 sports to bet on and the overall margins are low at 6.5%. The main Olympic sports are all covered, and we were particularly impressed with the markets offered for badminton. When it comes to odds, 22Bet is up there with the best operators in terms of what’s on offer. What really stood out to us though were the odds on hockey. These are exceptionally competitive and the Olympics may be the ideal time to take advantage of these.
Deposits and withdrawals can be made using cryptocurrencies and e-wallets, such as Neteller. You can deposit as little as $1 and there’s no maximum limit. The good thing here is that withdrawals are fast and, in the case of crypto, instant.
Eugene Ravdin
I was impressed with the welcome bonus that 22Bet offers and it was also good to see average margins at such a low level.
- Advantages
- Low $1 minimum deposit
- Active badminton markets
- Live streaming
- Limitations
- Site looks dated
- Poor VIP program
3. MELBET
Our MELBET review reveals that this is a top destination for the Olympics. Launched in 2012, it carries a Curacao license, proving that it’s safe and secure.
MELBET also has a generous welcome bonus for new customers. This is a great opportunity to bolster your funds as the Games start. Right now, you can claim a 100% match up to $150. In South Africa this comes out at 1,828 ZAR, while in Norway the bonus is worth 2,700 NOK.
There are more than 40 sports to bet on here and you’ll find every market imaginable. When we took a look, we noticed that this site has started to add special bets in a separate area just for the Olympics. One of these bets was around whether or not Celine Dion would perform at the opening ceremony.
The odds here are competitive across a range of sports. However, where MELBET performs best is with the markets covering baseball. It’s a shame that this sport won’t feature in the 2024 Games, but it is set to return in 2028.
There are plenty of ways to fund your account here with crypto, EcoPayz and Jeton just some of the options. Minimum deposits are just $2, and again there’s no upper limit.
Eugene Ravdin
At MELBET, I’m a fan of the special bets that they’re starting to add. It will be good to monitor this and see how it evolves.
- Advantages
- 4.7% average margins
- 24/7 customer support
- Great in-play section
- Limitations
- Excluded countries
- Bugs reported with app
4. Megapari
This betting site hit the scene in 2019 and looking at any Megapari review shows that it has quickly garnered a positive reputation. The presence of a Curacao license shows that this is a safe site to wager at.
The welcome bonus here comes in two parts and is ideal for Olympic betting. You can claim a 100% match up to ￡200, as well as free bets worth up to $140. These both give you plenty of opportunities as the Games get underway. In South Africa the welcome bonus offers up to 2,025 ZAR, while in Norway it’s 1,090 NOK.
There are around 20 sports to bet on here. While this isn’t the biggest selection we’ve seen, there’s still plenty to explore and the margins are average at 8.6%. For us, the tennis markets are impressive, and these will be worth exploring when the Olympics start.We also feel that it’s worth exploring the markets on boxing. With a payout percentage of 92.42%, this is certainly competitive.
You can deposit here with as little as $1 and there are no upper limits. Methods you can select include crypto, AstroPay and Jeton. Minimum withdrawals are set at $20.
Eugene Ravdin
As a relatively new operator, Megapari has shown that it’s a competitive operator with attractive bonuses and low margins.
- Advantages
- Two welcome bonuses
- 8.6% average margins
- Low $1 minimum deposit
- Limitations
- Limited sports selection
- No live stream
5. 1xBet
As we put together this 1xBet review, we found that this operator has now been on the go for almost two decades. It features a Curacao license and is respected and trusted.
The welcome bonus here is extremely attractive with a 120% match up to $540 on offer There are also ongoing promotions such as Acca of the Day that leads to boosted winnings. This offers a great opportunity to boost your winnings during the Olympics. Punters in South Africa have a welcome deposit worth up to 3,000 ZAR while Norwegians can claim 2,700 NOK.
There are more than 40 sports to choose from and you’ll find moneylines, props, and futures all covered. We were pleased to see surfing included in the sports as this is making its debut at this years’ Games.If you’re looking for sports with great odds and payout percentages, 1xBet delivers well with football (97.5%) and tennis (95%).
Deposits start at $1.50, and you can use the likes of Jeton, EcoPayz and crypto. Crypto has no upper limit while the other options are capped at $10,000.
Eugene Ravdin
I am impressed with the range of sports here and believe that the Acca of the Day feature could lead to some attractive wins during the Games.
- Advantages
- 30+ sports
- Withdrawals in 15 minutes
- Surfing included
- Limitations
- Withdrawals sometimes delayed
- Interface slightly dated
Olympic sports you can bet on
One of the best things about the Olympics is the simple fact that it involves so many different sports. It opens up a whole new world of betting opportunities by introducing you to sports that you otherwise wouldn't have considered. Here's a look at all of the sports that will be available in the 2024 Games:
- Archery
- Artistic Gymnastics
- Artistic Swimming
- Athletics
- Badminton
- Basketball
- Basketball 3x3
- Beach Volleyball
- Boxing
- Breaking
- Canoe Slalom
- Canoe Sprint
- Cycling BMX Freestyle
- Cycling BMX Racing
- Cycling Mountain Bike
- Cycling Road
- Cycling Track
- Diving
- Equestrian
- Fencing
- Football
- Golf
- Handball
- Hockey
- Judo
- Marathon Swimming
- Modern Pentathlon
- Rhythmic Gymnastics
- Rowing
- Rugby Sevens
- Sailing
- Shooting
- Skateboarding
- Sport Climbing
- Surfing
- Swimming
- Table Tennis
- Taekwondo
- Tennis
- Trampoline
- Triathlon
- Volleyball
- Water Polo
- Weightlifting
- Wrestling
How to bet on the Olympics
Before you delve in and start betting on Olympic events, you first need to make sure that you understand the various bet types that are available. If that’s something you’re unsure of, the good news is that we’ll be covering that next. Beyond this, you also need to understand the odds and what they mean for your wager. When you’ve mastered this, you also need to:
- Be sure that your chosen bookie is reputable
- Study the events, athletes and teams
- Research past performances and current form
- Manage your bankroll wisely – there’s the opportunity for two weeks of betting.
A breakdown of different types of Olympic bets
There are many types of bets to use at the Olympics and it's good to understand as many of these as possible. While a novice bettor may just look to bet on an outright winner of an event, they would be missing out on so many opportunities. Having a grasp of the following bet types gives you the chance to boost your winnings. Let’s take a look:
Moneyline bets
This bet is perhaps the easiest to understand and is perfect for those who might be new to Olympic betting. All you’re betting on is if an athlete or country will win a particular event. It could be that you think that Noah Lyles with take gold in the 100m. Maybe you’d want to bet on the US taking victory in the 4x400m. Bear in mind that if you’re betting on a favourite, the odds are likely to be low and this will limit your winnings.
Spread bets
This Olympic bet is about the margin that an event is won by. Let’s say that you think France will take the most gold medals. The spread offered could be 34-37. This means that even if France do come away with the most gold medals, they need to have more than the spread i.e. more than 37 golds.
Prop bets
When looking at prop bets in the Olympic Games, these are more about specific events rather than simply betting on a winner. The 2024 Games will offer a host of prop bet opportunities and examples include will the world record be broken in the men’s 100m and will the record be broken for the greatest number of gold medals for an athlete at a single Games.
Future bets
As the name suggests, this bet type is about outcomes in the future rather than just at the end of a particular race/event. With the Olympics, examples could be the most gold medals by country or the number of medals won by a specific athlete. The downside of this type of bet is that you are betting so far in the future. Things can change that may influence the outcome and you have no control over this. In some ways, this also makes this bet type more exciting as it creates an adrenaline boost.
Parlays
With this bet type, you’re combining multiple bets into a single one. To win your bet, all of the selections need to come in. The type of bet is great for those who only want to place a small wager as the attractive odds mean that the payouts are generally big. However, bettors need to remember that if one of their selections doesn’t come in, they lose the entire bet.
Over/Under bets
This bet type is about the number of points scored in an event or the time an event is completed in. You may find a bet relating to the marathon with a winning time set at 2 hours 20 minutes. You could then bet on if the winner will take longer than this or come in under the time.
Live betting
Live betting opportunities add an extra level of excitement at the Olympics. Let’s say you’re a football fan, you could take a look at what's happening there and then before placing a bet on the outcome. You may see a team playing better than anyone expected, and this could be a chance to place a wager. The thing to be aware of here is that the odds are constantly changing so you need to be quick to secure your bet.
Olympic betting tips to get you started
If you’re new to Olympic betting, you may not be sure of how to get going. Below, you’ll find our top tips to give you a helping hand:
-
Watch for injuries
It goes without saying that if an athlete is injured that their performance will be affected. Stay on top of Olympics news updates so that you’re aware of any injuries that have occurred. Imagine that you hear that a sprinter, the favourite to win the 100m, has pulled a hamstring during training. You may decide that this athlete is now unlikely to perform to the best of their ability. Knowing this information means that you have the opportunity to bet elsewhere and reduce your risk.
-
Consider home advantage
There's something about being the host nation that seems to boost athlete performance. It's about being in stadiums and locations that are familiar to them, as well as having the significant backing of the home ground. There’s plenty of data that demonstrates the impact this has. One example can be seen by looking at the Tokyo 2020 Games where the Japanese athletes won 27 golds. This was marked improvement on previous achievements.
-
Watch the weather
The weather can have a major impact on any outdoor sports. When you look at distance runners, it’s worth considering the impact of high temperatures. It’s also worth thinking about rain, and how this can affect surfaces. One sport where the weather can have a major impact is sailing. High winds can play havoc here and would best suit those who come from regions that regularly experience similar conditions.
Olympic betting strategies for first-time bettors
We want you to get the best from your Olympic betting experience. While winning can never be guaranteed, there are strategies that can help to boost your chances:
-
Follow the lines
This strategy involves keeping a close eye on the odds so that you can see any changes. It could be that you suddenly see the odds drop for Gianmarco Tamberi just before the high jump gets underway. This would signal that there’s a strong belief that he may win and that other punters are putting their money on him. A spike in odds may indicate that there's an injury or change in circumstances that has affected an athlete's chance.
-
Bet on proven champions
If an athlete has a solid history of winning, it makes sense to take a punt on them repeating their successes. Examples of this strategy working are numerous and include:
- Usain Bolt and his dominance in the 2008 and 2012 Games. His golds in the 100m, 200m and 4x100m made him a solid choice for bettors in the 2016 games.
- Michael Phelps dominated the water between 2004 and 2016. His early success made him an obvious choice for people to wager on.
- Simone Biles has consistently won gold in gymnastics. This makes her a solid betting choice for 2024.
-
In-play betting
If you use in-play bets, you can base your wager on what’s happening there and then. This strategy means that you can react to live events rather than trying to predict too far into the future. Imagine a football game where the favourites aren’t having their best day. This could lead to the odds suddenly increasing and a bet at that point could lead to bigger returns.
Odds on most gold medals by country at Olympics
Upcoming Paris 2024 Olympic events to bet on in August
| Date(s) | Event | Location | Betting Notes |
|---|---|---|---|
| August 1, 2024 | Swimming (Women’s 200m Butterfly Final, Women’s 200m Breaststroke Final & Men’s 200m Backstroke Final | Paris La Defense Arena | N/A |
| August 2, 2024 | Men’s Soccer Quarter Finals | Multiple | N/A |
| August 3, 2024 | Women’s 100m Final | Stade de France | Sha’Carri Richardson favourite to win at 1.67 |
| August 4, 2024 | Men’s 100m Final | Stade de France | Kishane Thompson favourite to win at 1.63 |
| August 5, 2024 | Men’s & Women’s Badminton Singles Gold Medal Match | La Chappelle Arena | N/A |
| August 6, 2024 | Women’s 200m Final, Men’s 1500m Final, Men’s Long Jump Final & Women’s 3000m Steeplechase Final | Stade de France | N/A |
| August 7, 2024 | Men’s 40m Final & Men’s Boxing 80kg Final | Stade de France & Roland-Garros Stadium | N/A |
| August 8, 2024 | Men’s 200m Final & Men’s Hockey Gold Medal Match | Stade de France & Yves-du-Manoir Stadium | Belgium favourites for hockey at 4.25 |
| August 9, 2024 | Men’s Soccer Gold Medal Match | Parc des Princes | France are favourites at 3.5 |
| August 10, 2024 | Men’s Basketball Gold Medal Game | Bercy Arena | USA are favourites at 1.22 |
| August 11, 2024 | Women’s Basketball Gold Medal Game | Bercy Arena | USA are favourites at 1.08 |
How to sign up at a bookmaker to bet on the Olympics
When you’re ready to get in on all of the action that the Paris Olympics has to offer, here are the steps to follow to sign up with a bookmaker:
- Head to one of the best Olympic sportsbooks by using our links
- Click the button that says something such as ‘Join’ or ‘Register
- Provide your name, email address, and date of birth
- Set a password
- Check your email for a verification link. Click on this
- That’s it – your account is up and running
Responsible Gambling
Betting on the Olympics is supposed to be fun and there are steps that you can take to make sure that’s the case. The first thing is to make sure that your chosen sportsbook is legitimate and safe, just like the ones that we recommend. These bookies will also carry a host of information about responsible gambling and how to spot if there is a problem developing. You’ll also find links and signposts to organisations that can offer help and support. These include the likes of GamStop and Gamblers Anonymous.
Meet our Olympics betting expert
I have now been placing bets on a variety of sports for more than a decade. The draw of the Olympic Games is the fact that there are so many events to get involved with. Over the years, I have explored so many bookies, and I now know what goes into making the best. That’s why you can be sure that the sportsbooks on this page will provide you with a first-class Olympic betting experience. Remember though, responsible gambling is a must, and you need to ensure that you only bet within your means. Olympics betting is all about fun, and you need to keep it that way.
Eugene Ravdin
Additional resources for betting on the Olympics
1. https://olympics.com/en/paris-2024
-
Available countries
-
Sports
-
Payment systems
