The Ultimate Olympics Betting Guide

It goes without saying that the Olympics are the most long-awaited and significant sports events on the sports calendar. Every four years, the best and most gifted athletes gather in one place to compete for supremacy in a variety of sporting events.

The world saw the modern version of the Olympic Games in 1896 and since that moment, the Olympics have remained the most exciting and breathtaking events for both participants and fans. From soccer to skiing, badminton to skateboarding, the championship offers a wide array of sporting events that appeal to everyone.

Although Olympic betting is quite new to punters, it’s a sin to miss all these sporting events. The 2020 Tokyo Olympics began on July 23, 2021, and it is expected that this year, it should be the hottest betting event! However, if you are a newbie in this niche, you simply can’t do without our comprehensive Tokyo 2020 Olympics betting guide! Its main goal is to help punters make winning and smart wagers in this unknown world for them! So bookmark this page as you’ll need this information throughout the Olympics!

Olympics Predictions: How to Read Olympic Betting Lines and Odds

If you wish to support your favorite athlete, go to Parimatch and place your bets! However, your first and foremost task is to understand how to read Olympics odds properly, especially if you are a newbie in this area and have never done this before. Odds are usually published before the start of the games.

When it comes to betting on the Olympics, the most popular market is the total of gold medals. To be on the overall Olympics winner (the country with most medals) you just need to go to Parimatch website, open the “Olympics” section and make your prediction!

Additionally, the Olympic games lines can be found within the sections of those sports that are featured in the Olympics. For example, if you are a tennis fan, you’ll find the subcategories “Olympics. Tokyo 2020. Men” and “Olympics. Tokyo 2020. Women” in Parimatch “Tennis” category. We’ll talk about it in detail below.

On Parimatch, we use decimal odds. If you have never placed your bets before, you need to get familiar with the concept of odds. Simply put, you need to know how to properly read them. Let’s take a closer look at decimal odds available on Parimatch.

Betting odds are numbers that demonstrate how reliable a bet can be. In other words, betting odds show a probability of a player or team to win the game. What’s more, they also inform punters of how much money they win if their bet is correct. There’s a simple rule that you need to follow: the higher the odds, the higher the risk, and, of course, the higher the profit is.

However, different betting websites use different odds formats. On Parimatch, we have decimal odds. In our opinion, it’s the easiest form of betting odds. In this case, your betting odds will be represented as a number with two decimal places. For example, 2.25 or 3.66. However, on Parimatch mobile app, you can choose other odds formats if you are more comfortable with fractional or American odds.

Let’s take a closer look at the example of the upcoming match from the mens’ football competition in the Olympic Games.

For the game of  Egypt vs Spain, we have the following odds:

We can see that the odds for Egypt are 14.50, the odds of a draw are 6.10, and the odds for Spain winning are 1.25. These numbers show the amount that you can win if you make the right prediction. For example, you place 10,000 INR on Egypt to win. So this would be 14.50*10,000 = 145,000 INR. And the pure profit of your bet is 135,000 INR. When you place 10,000 INR on Spain to win, you’ll get 1.25*10,000 = 12,500 INR. Your pure profit is 2,500 INR.

As you can see, it’s as easy as shelling peas! So go to Parimatch, check the Olympics odds, and place your bets right away!

Olympics Predictions: Which Bets Can be Placed on the Olympic Games

When browsing the web, you’ll find a variety of Olympic betting tips, but the main rule that you should follow is understanding how to choose the right type of bet. On Parimatch, you can make the following bets:

• Over/under (Totals)
• Handicap (Point spread)
• Individual results
• and more, depending on the kind of sports

You can also unite your bets in parlays, as well as place both pre-competition and live bets.

Specific types of bets, related to certain sports are also available on Parimatch.

Let’s get down to the most popular Olympic bets:

Totals Olympics betting

A total bet is also called over/under – this is where you bet on the amount of goals/points both teams combine to score in a game. A bookmaker sets an educated number on a certain event and you need to choose if the final total would be under or over that set total.

Handicap (Point Spread) Olympics betting

A handicap, also called “the spread”, is a sports betting number made by bookies that pursues one goal – to make the two teams’ chances more even. The thing is that not all teams are equal in terms of skills and experience. So bookies use spread betting to level the playing field. Handicap or point spread betting is mostly used for team sports such as basketball or football. The greatest benefit of spread betting is that it can yield high profits if you place your bets correctly. On Parimatch, you can also place handicap bets.

Individual result Olympics betting

This bet is mostly used for individual sports. Simply put, you place your bets on individual matches, medal results, or individual athletes.

Olympic Medal Predictions by Country

The Olympics is the most long-awaited sporting event. It is a very special competition between different countries. Each country aims to earn as many models as possible. Therefore, punters are looking for the right Olympic medal predictions to place only winning bets. Let’s look at the top 10 nations that have the highest results:

However, this year’s Olympics odds show a somewhat different picture:

As we can see from the lowest odds, the favorites are the USA, China, Russia, Japan, and Great Britain. However, if any other country unexpectedly makes it to the top, those who bet on it will multiply their stakes by 100 times and more! Still, note that odds tend to change and you can always find the most current ones in the Parimatch Olympics betting market.

Betting on the winner is the most popular type of bet and you can easily place it on Parimatch. However, you need to research this question and find out more about the teams and athletes. Check the first individual gold medal in Olympics for India, the first silver medal, information about the last winners, and other statistics that might help you find out more about the participants, and make the right predictions. So check the statistics and odds, and place your wager today!

Olympic Betting Tips for Newbie Bettors

Let’s get down to one of the most interesting and useful sections of this Olympic betting guide – the most effective betting tips that can improve your winning chances. In fact, if sports betting seems to be a tall order for you, follow the recommendations of professionals, experienced punters that know this area inside out.

On Parimatch, we have an unsurpassed variety of bet types. You can choose only one or place a few bets simultaneously.  But nothing can be more exciting than placing live Olympics bets on Parimatch. This is where you wager on your favorite team or athlete as the tournament unfolds. You watch the game, analyze the winning chances, and place your bets at the right moment.

Let’s get down to the main tips that might double your winning chances:

• Always check the weather before the game as it can influence the team’s performance on the field.
• Find out more about the teams or athletes, their win/loss history as this information can influence your bets.
• Check the injuries. If an athlete has recently undergone surgery, it’s clear that his or her performance won’t be as successful as you expect.
• Determine how much you can spend on betting. Never bet more than you can afford. Otherwise, you’ll regret it if you lose more than you have.

When following all these insightful pieces of advice, you can be doubly sure that you’ll enjoy the process and get the most out of Olympics betting!

Olympics Accumulator Betting

If you are a risky person and wish to maximize your winning chances, you have to opt for an accumulator bet. This is where one bet is made up of multiple sections, combined in one bet. As a result, you’ll get a return only if all parts win.

The main reason why punters choose Olympic accumulator betting is that in this case, there’s a chance to earn more but the risk to lose everything is also higher. This is where a lot depends on the teams or athletes. Moreover, you need to be sure that both teams have high winning chances.

Conclusion

Overall, the success of Olympics betting is greatly contingent on the chosen bookmaker. In other words, you need to be doubly sure that you are dealing with a reputable company with an impeccable reputation in the gambling world. And this is where Parimatch jumps in!

Parimatch is a trustworthy and reputable international online bookmaker with over 27 years of experience. With us, you can rest assured that you’ll get your winnings on time and your data won’t be passed to third parties. We value our users and do our best to make them feel comfortable while browsing the Parimatch website.

We have a user-friendly interface so that even inexperienced punters can easily place their bets. What’s more, we have a friendly customer support team, ready to process your requests 24/7. So create your account, deposit money, choose bets, and wager on the Olympics on Parimatch! Still have questions? Drop us a line!

Read More

• How to Bet on Basketball?
• Bet on Super Bowl LVI 2022
• Hockey Bets: How to Bet on Hockey
• Popular Cricket Leagues

Olympics Betting FAQ

How many gold medals won by India in Olympics?

In total, India has 28 medals, won since 1900. India’s hockey team is considered to be the most successful one – they have eight gold medals.

Who won India’s first Olympic medal in badminton?

Saina Nehwal won the Bronze medal at the Olympics in 2012.

Last gold medal in hockey for India in Olympics?

In 2014, the Indian men’s national field hockey team won the most recent gold medal in the Olympics.

Don’t miss these tournaments: