The Summer Olympics 2024 – How to Bet on the Year’s Biggest Sports Event

The Summer Olympics 2024 is around 2 weeks away now and is set to take place in Paris, France, and will be an unforgettable spectacle with many surprises.
Athletes from around the globe will once again gather to compete at the very highest level, testing their skills while working their way toward the ultimate glory – an Olympic gold medal. And as usual, the Olympics also provides fantastic betting opportunities.
This guide will walk you through the biggest Summer Olympics sports, list the Canadian athletes with the best medal chances, and give you important betting tips.

The Biggest Sports at the Olympics

The Olympics features 32 different sports, but some consistently draw the most attention and betting action. Here are a few:

Athletics

Athletics is often considered the heart of the Olympics. Events like the 100m sprint, marathon, and decathlon capture global interest. Usain Bolt’s record-breaking sprints have set the bar high, and the 2024 Olympics will surely see new stars emerge. This year’s 100m sprint favorites are Kishane Thompson and Noah Lyles. 

Swimming

Swimming events are another major attraction. With multiple events ranging from sprints to long-distance races, and relay races, swimming offers many different betting opportunities. While Swimming is a very popular sport, the betting part of it tends to be on the lower end – something we don’t think will change this year. 

Tennis 

Tennis has almost always drawn the attention of betting enthusiasts worldwide and the Tennis matches in the Olympics are no exception to this rule. This year’s favorite player for men seems to be Carlos Alcaraz. Among the female tennis players, Iga Swiatek is the clear favorite. 

Soccer

Soccer, or football as it’s known globally, is the world’s most popular sport and garners massive attention during the Olympics. 

Canadians with the Best Medal Chances

Canada has a proud history of Olympic success, and the 2024 Games are expected to be no different. Here are some Canadian athletes to watch:

Penny Oleksiak

As Canada’s most decorated Olympian, swimmer Penny Oleksiak will be looking to add to her medal tally in Paris. Her performance in the freestyle and butterfly events will be closely watched. That said, her current odds to win are around 80 to 1. 

Andre De Grasse

Sprinter Andre De Grasse has consistently proven himself on the world stage. With medals in the 100m and 200m in previous Olympics, he remains one of Canada’s brightest hopes for gold. Currently, De Grasse’s odds to win are around 30 to 1. 

Damian Warner

Decathlete Damian Warner, who won gold in Tokyo 2020, is a top contender. His versatility and prowess across ten different events make him a formidable competitor.

Women’s Soccer Team

After winning gold in Tokyo, Canada’s women’s soccer team will aim to defend their title. They are very strong contenders with a mix of experienced players and rising stars. The odds of the Canadian women’s soccer team winning is around 20 to 1 at the time of writing this. 

Canada’s Medal Goals for 2024

The Canadian Olympic Committee has set ambitious goals for the 2024 Olympics. Canada aims to finish in the top 10 of the medal standings, a challenging but achievable target given the country’s talent pool. 

The focus will be on sports where Canada has traditionally excelled, such as athletics, swimming, rowing, and team sports like soccer and basketball.

TV Times and Schedule

The Olympics will be broadcast in Canada from Friday, July 26 to Sunday, August 11, 2024, on CBC TV+CBC Gem. The live events will be broadcast daily on CBC Gem, CBC’s Paris 2024 website and the CBC Paris 2024 app for Android and iPhone. 

Can you bet on the Olympics?

Yes, betting on the Olympics is not only possible but also very popular. Various sportsbooks offer a wide range of betting markets on Olympic events. From outright winners to specific event outcomes, there are many opportunities for betting enthusiasts to engage with. Ensure you choose a reputable casino with good odds and a wide variety of betting options.

The Most Exciting Betting Game Types

• Outright Winners: Betting on the outright winner of an event is straightforward and popular. Whether it’s predicting the gold medalist in the 100m sprint or the overall winner in team sports, these bets are thrilling and potentially lucrative.
• Prop Bets: Prop bets add an extra layer of excitement. These can range from predicting the number of medals a country will win to specific outcomes within events, like the fastest lap in a swimming relay.
• Head-to-Head Bets: Head-to-head bets pit two athletes or teams against each other. This type of bet is great when you have a good read on specific competitors’ forms and can be easier to predict than outright winners.

4 Important CasinoJungle Tips for Betting

1. Research is Key: Before placing any bets, research the athletes, their current form, and their past performances. Understanding the conditions in Paris and how they might affect performance is also crucial.
2. Manage Your Bankroll: Set a budget for your Olympic betting and stick to it. Avoid chasing losses and bet within your means to ensure a fun and sustainable betting experience.
3. Take Advantage of Promotions: Many sportsbooks offer promotions and bonuses around the Olympics. Look out for these deals as they can provide additional value and enhance your betting experience.
4. Diversify Your Bets: Don’t put all your money on one event. Spread your bets across different sports and events to increase your chances of winning and make the experience more exciting.

We Summarize

The Summer Olympics is not only a great sports event but also a great betting event. With 32 popular sports to choose from it’s hard not to see why that is. For all of you looking to bet on the event, it’s important to find the right bonus for you. What is however even more crucial is that the betting alternatives you want to play on exist at the casino of your choice, and that they have favourable odds. 

This is why it’s very good to have accounts on various betting sites – so that you can always compare before choosing. As always, read the bonus terms carefully before making your choice. Good luck and have fun watching the largest sports event of the year.