Betting on New Olympic Sports: A Guide for 2024
As the 2024 Summer Olympics in Paris approaches, global interest in betting on the Games is growing. With sports betting now legal in Canada, most of the United States, and many other countries, this summer could see record-breaking betting activity.
For newcomers, understanding the basics of betting is crucial before placing wagers on your favorite Olympic sports. You might be wondering about reading lines and odds, moneylines, point spreads, over/under totals, and futures bets. If these concepts are new to you, you’re in the right place.
Here’s a guide to betting on the Olympics, including essential terms and betting methods:
Understanding Olympic Betting Lines and Odds
Moneyline Bets Moneyline betting is the simplest form of sports wagering. It involves betting on which side will win a game, match, or contest. In moneyline betting:
- Favorites have negative odds (e.g., -150), indicating the amount you need to risk to win $100.
- Underdogs have positive odds (e.g., +150), indicating the amount you win from a $100 bet.
Moneyline Examples:
- With -150 odds, you need to bet $150 to win $100.
- With +150 odds, a $100 bet will yield a $150 profit if successful.
For a $100 wager, here’s how it breaks down:
- At -150 odds: Bet $100 to win $66.67 (total payout $166.67).
- At +150 odds: Bet $100 to win $150 (total payout $250).
Olympic Sports You Can Bet On
You can place bets on a variety of Olympic sports, including:
- Basketball (3×3 and 5×5)
- Soccer (International Football)
- Golf
- Tennis
- Boxing
- Handball
- Swimming
- Water Polo
- Field Hockey
- Track and Field
- Road Races
- Surfing
Where to Bet on the 2024 Paris Olympics
Sports Interaction, a leading sportsbook in Canada, offers extensive Olympic betting options ahead of the 2024 Summer Games. New users can receive up to a 125% match on first-time deposits ranging from $10 to $250. Check out Sports Interaction here to start betting!
For more in-depth coverage of the Olympics, visit the Sporting News.
