Summer Olympics Betting For 2021
Summer Olympics betting only comes around every four years, but when it does, it's always a hit with bettors and sportsbooks alike. And as usual, to bet on the Summer Olympics, you have several great options at your disposal. But even though some states now offer legal domestic sports betting, US bettors have more options – and better options – at reputable international Olympic betting sites.
The next Summer Olympics will be held in 2021 in Tokyo, Japan, with the Opening Ceremony taking place on July 23 and the festivities ending on August 8. Japan has invested over $3 billion to make Tokyo 2021 a reality, but Olympics bettors are sure to wager even more than that! If you want to get in on the action, read on to learn everything you need to know to win a gold medal of your own!
Best Legal Online Sportsbook For Summer Olympics Betting Lines
50% Bonus Up To $250
If you’re only going to sign up for one Olympic sportsbook during the 2021 Tokyo Games, you’ll want to choose Bovada. With several Games under its belt and a stellar reputation of never missing a single Olympics payout, Bovada is an industry leader in online gambling and operates under the respected international Bodog brand.
During the Summer Olympics, Bovada members get access to tens of thousands of different wagers on all the events and disciplines on offer. Best of all, if you sign up now, you'll receive a Bovada Sports Welcome Bonus worth up $250 in free plays. Just like the best athletes in the world gather at the Olympic Games, the best bettors in the world call Bovada home.
- 1000s of daily Olympic wagers
- Operated by renowned Bodog brand
- Bitcoin and Bitcoin Cash support
- Bovada Voucher support
- 100% Guaranteed payouts
- Valuable sportsbook bonuses
- Legal and safe for USA bettors
- US members aged 18+ accepted
- Includes full casino, poker room, and racebook
- Mobile-optimized for iPhone and Android
- Comparatively few deposit/withdrawal options
- USA bettors from DE, MD, NJ, NV not accepted
Top Legally Licensed Sportsbooks For Summer Olympics Betting
2021 Summer Olympics Venues
The 2021 Summer Olympics venues have been released, as has the Olympic Park layout. The Olympic Village layout is also nearing completion, though this latter is limited only to nations’ athletes and team personnel, and visitors and fans are not permitted on the premises.
However, the other facilities listed below may be open and available to audiences, though you’ll definitely need to plan your trip well to get to as many of these Tokyo Olympics sites as possible. That said, due to ongoing coronavirus travel restrictions and venue limits, spectators may have fewer opportunities to watch the games in person this year.
Summer Olympic Events
For Tokyo 2021, there are scheduled to be 339 Olympic sporting events across 50 different disciplines. While many of these will be familiar to and popular with American sports bettors, many Olympic gambling newcomers will likely be exposed several compelling disciplines for the first time.
Since it’s important to understand the basics of any sport you wager on, if any of the following are unfamiliar to you, you’ll want to do a bit of research before placing your Olympics bets. Fortunately, most of the events are straightforward, even if they make no sense on the surface – We’re looking at you, Modern Pentathlon!
New Olympic Sports For 2021
The next Olympics will boast a few new sports, including 3x3 basketball, freestyle BMX, Madison cycling, karate, sport climbing, surfing, and skateboarding. There will also be more mixed (male and female) events than ever, and baseball and softball should both return after their removal from the Summer Olympics in 2008.
While the format is unclear for most of these new Olympic sports, they’ll be published in plenty of time for bettors to get a handle on what to expect.
Olympic Bet Types
The kinds of Olympics bets available at legal online sportsbooks run the gamut, from spreads and straights to all kinds of Olympic prop bets and futures. The most common options are shown below, and each legal betting site will have a massive selection of odds, lines, and specials to choose from. These bet types are also available when betting on the Winter Olympics.
Olympic Live Betting
While live betting is all the rage at most online sports betting sites, not every Olympic event can support it. Since live wagering – aka in-game betting – takes place during the contests themselves, the category lends itself better to longer team events.
As the Olympics is home to a many individual one-off events and fast-paced races, live betting won’t be available for everything. However, for games like Olympic baseball, Olympic soccer, and so on, you can expect to find live lines at most offshore sportsbooks.
Olympic Mobile Betting
Mobile betting is available during the Olympics, and you’ll be able to access your sportsbook’s full menu of Summer Games odds and lines with any modern iPhone, iPad, or Android device. Mobile betting is very convenient, especially for bettors who don’t have time to be glued to their computers.
The best Olympic betting sites all have mobile-optimized portals that work with Internet browsers like Safari, Chrome, Firefox, and others. There are no app downloads or updates needed, and there’s no geo-fencing, either. With mobile betting, you can wager on the 2021 Summer Olympics from anywhere you've got an active Internet connection!
2021 Olympic Favorites
As the 2021 Summer Olympics get closer and contestants begin prepping, you’ll see lots of futures odds on the heavy favorites and most well-known names. However, be careful when betting on Olympic favorites, as the amateur nature of the Games means that relative unknowns are always looking to make their marks.
Sometimes, the best Olympics payout is when you bet against a big favorite. Remember, the passing of the torch often goes beyond the Olympic torch relay and finds its way into the Games themselves. Bet on the next superstar instead of the current one, and you could win big!