2024 Paris Olympics Betting Guide - Bet with Expert Tips & Predictions

The Olympics is one of the biggest sporting events in the world, featuring more than 10,000 athletes from over 200 nations. This summer, the Olympic Games return to Paris, France, which had previously hosted the event in 1900 and 1924. The games get underway on July 26, and you can bet on all the action right here at Stake Sportsbook . Find out how to get started with this full guide to Olympics betting and types of bets.

How to Bet on the 2024 Paris Olympic Games

Betting on the Paris Olympic Games at Stake.com  is easy. All you have to do is follow these steps to get started:

1. Create an account at Stake by providing your personal details.

2. Make a deposit using one of our accepted payment methods.

3. Search for the Olympics or a specific Olympic betting option from the homepage.

4. Select an event you want to bet on and choose an Olympic betting market.

5. Add the bet to your bet slip, enter your stake and confirm to place.

How To Read Olympic Betting Lines and Odds

Betting on the Olympics is the same as betting on any other sport on Stake. You’ll need to understand the betting lines and Olympic betting odds to calculate your potential returns before you place any bets. At any online sportsbook, there are three main types of betting odds . Here’s how they work:

• Decimal: This is the most popular way to view the odds, and it tells you exactly how much you’ll get back from a winning bet. All you need to do is multiply the odds by your stake. So if you wager $20 at odds of 2.1, you’d receive $42. That’s $22 profit and your $20 stake.

• Fractional: Fractional odds are a little more difficult but still straightforward. They tell you how much profit you’d make from your bet if it wins. All you do is multiply the fraction’s numerator (the left number) by your stake and then divide by the denominator (the right number). For example, if you bet $10 on odds of 10/1, you’d make $100 profit if your bet wins.

• American: These odds are always displayed with either a + or - symbol. When you see the + symbol, the odds tell you how much you’d win if you bet $100 and your bet is successful. Odds with the - symbol indicate what your stake would need to be to make $100 profit on that bet. So if you bet $10 at odds of +250, you’d win $25 profit if your bet wins.

What are the Best Olympic Sports to Bet On?

The Olympics features hundreds of events to watch and bet on. In total, there are 329 events at the Paris 2024 Olympics, across 32 different sports. With such a huge variety of sports, it’s difficult to know where to get started.

You’ll discover lots of niche Olympic events, as well as popular sports you might be more used to watching. Generally speaking, it’s best to bet on sports you have a good knowledge of. Popular Olympic sports at Paris 2024 you can bet on at Stake include:

• Basketball

• Football

• Women's and Men's Tennis

• Athletics

• Swimming

• Table Tennis

• Judo

• Boxing

• Women's and Men's Golf

• Fencing

• Gymnastics

• Cycling

• Handball

• Taekwondo

• Canoe Kayak

• Badminton

In addition to betting on individual events, you can make Olympic parlays and bet on a wide range of outrights , including total medal counts and medal counts for specific countries. Be sure to check the live betting options too.

Predictions & Athletes/Countries to Watch

The Olympics has historically been dominated by the US, both in terms of total medals and the number of gold medals. They’ve achieved the highest medal count in six of the last seven summer games, only losing out to China in 2008 when the games were held in Beijing. They’re favourites to record the most medals and gold medals again this year, and China are unlikely to beat them.

Team USA typically dominates in a wide variety of events, including swimming and athletics, which make up nearly 50% of their recent totals. In addition, they have excellent success in the basketball tournament, plus shooting and wrestling.

Some countries excel in certain sports, producing athletes that dominate the Olympics in their chosen discipline. Examples of this include Japan in Judo, China in table tennis, South Korea in women’s archery, Cuba in boxing and Kenya in men’s steeplechase.

There are lots of exciting individual athletes to watch out for at Paris 2024 including well-known stars of previous games and fresh new talents. The games are seen by many athletes as the pinnacle of their careers, and a chance to make history by winning gold.

Simone Biles has the potential to become the most decorated American gymnast in Olympic history, Tom Daley makes his fifth appearance for Great Britain at the Olympics in diving and Kylian Mbappe will be hoping to secure a gold medal in soccer on home soil.

Rising stars such as Sha’Carrie Richardson (track), Victor Wembanyama (basketball), Amit Elor (wrestling), Anna Hall (track), Désiré Doué (football) and Coco Gauf (tennis) are all ones to watch for this tournament.

2024 Olympic Games Betting Tips & Strategies

1. Choosing your bets carefully – There are hundreds of different events to bet on at Paris 2024 and it can be tempting to place as many bets as possible. However, if you want to maximise your chances, you should be more selective. Research each bet and choose your stakes using our responsible guidelines .

2. Research the sport and athletes – Some athletes take part in multiple events. While they might be specialists in one, that doesn’t mean they’ll perform at their highest level in all the events they’re competing in. Always check their history and stats and the stats of their rivals.

3. Take advantage of all available markets – Your Olympic betting experience is better when you make the most of the range of betting options available. There’s a lot of value to be found when you look through the various betting markets available. Futures bets, over/under, parlays and event and player props all help make betting more fun.

4. Use our betting promotions - At Stake, you can make the most of lots of exciting sports bet promotions to help you get more out of your bets. We have an exclusive Olympic Promotion running right now! Check out the Chasing Gold Payout page for full details.

5. While you're at it, take a look at our VIP Club to learn how to gain rewards while you bet. Learn more about member only rewards like VIP hosts , rakeback and reload bonuses on our VIP Club FAQs .

No matter how you bet, always remember to gamble responsibly and follow our Stake Smart Guidelines . Utilise our monthly budget calculator and stay in control of your sports betting.