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PARIS 2024 OLYMPIC GAMES

July 26th to August 11th, 2024. Paris, France.
Summer Olympic Betting Odds 2024

2022 Beijing Winter Olympics Overview

The Winter Olympics is one of the most anticipated events, while not as popular and as massive as the Summer Games, it brings in a huge fanatical crowd. The first Winter Olympics was held in 1924 in France after being classified as a ‘winter sports week’. The games fall opposite the Summer games, meaning there is an Olympic event of some sort every two years – the Winter falling on even years and the Summer on odd years.

In the past few years, we have seen a huge surge in sports betting, and this will be the first Winter Olympics with legalized sports betting in the United States (PASPA was overturned in 2018 but a few months after the 2018 Olympics in South Korea).

We look forward to what the 2022 Winter Olympics has to offer in terms of sports betting opportunities and how sports bettors will take advantage of the opportunities presented with this winter event.

2022 Winter Olympic Games Odds

When it comes to Winter Olympics odds, you will want to first understand how they work before you head over to our betting guide to learn how to bet on the Winter Olympics.

Odds will reflect the likelihood of a particular outcome. So if you are looking at the odds of someone winning an event, you will see the odds reflect how likely or unlikely it is that they will take home the medal. There are different odds formats that you can read these numbers in, but we like to stick to American odds as they are the most predominant in the United States.

American odds are displayed as a number in the 100’s or even thousands or tens of thousands. The number will be negative or positive. The negative number reflects favoritism – the athlete or team with a negative number will be favored to win the event. The positive number shows us who the underdogs are or if an athlete or team is more unlikely or unexpected to win the event. You will have to look at these odds when making your decisions because oddsmakers are usually fairly accurate.

Let’s use hockey as our example. Let’s say the United States are playing Sweden and the USA team is quite good and expected to win the game easily.

USA -200
Sweden +600

What this means is that the United States has heavy favoritism, and the odds are reflecting that – the lower the number into the negative, the more likely it is that the team will win. You can also predict your payout easily with American odds. If you bet $200 on the USA team, you would win only $100, so it does seem like a bit of a risky move for little reward.

Things are not looking so good for Sweden – they are a huge underdog, and their odds are quite high, signaling that it would be pretty shocking to see them win (and you’d win $600 on a $100 wager if you did bet on them!)

Most Winter Olympics Gold Medals by Country

  • Norway – 132
  • USA – 105
  • Germany – 93
  • Canada – 74
  • Austria – 64
  • Sweden – 61
  • Switzerland – 55
  • Russia – 47
  • Netherlands – 45
  • Finland – 44
  • Italy – 40
  • France – 36
  • South Korea – 31
  • Japan – 14
  • China – 13
  • Great Britain – 11
  • Czech Republic – 9

Olympics Betting Strategies and Tips

When it comes to betting on Winter Olympics odds we recommend keeping an eye on the events that you want to bet on, as well as monitoring the odds and seeing where the public is betting. If a high number of people bet on one side of the event, you may see more competitive odds on the opposing side.

Keep an eye on sports you are familiar with because it’s difficult to handicap sports you do not understand or know the rules to. Familiarize yourself with each of the 15 sports and make sure you have a good idea of which countries tend to dominate those sports and which particular athletes are the ones to watch. It can be a little easier with the Summer Olympics as the United States tends to dominate in medals, but you will want to create a solid betting plan before actually placing any wagers.

Olympic Games Odds and Betting Options

While we already discussed the odds, we can tell you how those odds will reflect on each wager and how they work. You can find plenty of guidance for betting on the 2022 Beijing Winter Olympics over on our ‘How to Bet on the Winter Olympics’ page, which will allow you a bit more understanding and knowledge.

If you feel that you’re ready to start betting on the Winter Olympic games odds, head over to the sportsbook and get started!

Betting on Beijing Winter Olympic Games 2022 Odds

The Winter Olympics is a highly anticipated event that only occurs every four years. There are so many different sporting events in such a short amount of time, that it becomes a huge betting frenzy. The rarity of the Winter Olympics, paired with the high octane sports that are exhibited provides a huge opportunity to bet on tons of sports in a short period of time.

Olympic sports betting lines are available for each winter and summer edition, on pretty much every sport at the games. With so many games, you can load up on sports bets and allow yourself to reel in plenty of cash during the event. There are 15 sports at the Winter Olympics with 109 events in total.

The first step is to learn how to bet on the 2022 Beijing Winter Olympics, so you can take advantage of this opportunity to bet on some of the best winter sports athletes and teams in the world. We are going to break down each of the popular and most common betting options for the events, and how you can use these to bet on the 2022 Beijing Winter Olympics.

Bet on 2022 Beijing Winter Olympic Games Odds

A How-To Bet on Winter Olympic Games Guide for Sports Betting

As we mentioned, there are 15 sports and 109 events at the Winter Olympics. This means that there are plenty of betting opportunities and a huge selection to choose from. But which bets do you place? How do you choose the right betting options for each event?

A good starting point is understanding how to bet on each option, and understanding what they mean before placing your money on any event at the Winter Olympics.

Winter Olympics Moneyline Odds

The moneyline wager is one of the easiest sports betting options you can place at the Winter Olympics. There are two outcomes available in most cases, if you’re looking at a two team match up for an event, or you may see several options if you’re looking at a particular sport with several competitors who are competing at once for the same medal.

All you have to do with a Winter Olympics moneyline is to pick the team or athlete that will win that particular event or matchup. The easiest sports to look at for the moneyline example is team sports like hockey or curling. However, many sports in the Winter Olympics are individual events and you will see far more of the moneyline odds with the lists of players and their odds of winning that event.

If you’re looking at ski jumping, speed skating or snow boarding, you will notice these types of moneyline odds that will essentially show you all the players competing in that event and their likelihood of winning. The moneyline odds would show you The more competitors in the event, the more risky the wager, so you would find some really appealing odds on these types of moneyline odds.

All you have to do is decide which player or team will win the event. That’s it!

Winter Olympics Totals Betting

As we mentioned, moneyline bets will no doubt be the most used betting option during the 2022 Beijing Winter Olympics, but we believe that totals will creep in this year as they are growing in popularity across the board. Totals allow you to bet on an outcome that has nothing to do with the actual winner of the event. There will be plenty of over/under wagers to bet on through the Winter Olympics, and you can usually see these framed as over/under totals on points a player may score or acquire in an event.

Totals betting may only be available for select sports, but let’s focus on hockey for our example as it’s commonly used in the NHL already and it may be easier to understand than other events.

When it comes to betting on hockey at the Winter Olympics, we will have two players in a matchup and you will have to decide if the total number of goals for both teams collectively will be over or under the oddsmaker’s line. So if we set a line of 6.5, that means we expect the final score to be around that amount, whether that’s a score of 4-2, 5-1, 3-4 etc. The number will have a half point as this will prevent a push (if the line was set at 6, and the final score was 4-2, no one would win).

Your job here is to determine if you think the total score of both teams added together will be more or less than 6.5. If you choose the over, and the score is 7-1, you would win your wager. If the score was 2-1 and chose the over, you would lose.

Olympic Moneyline Odds

As we mentioned, there will be odds associated with each player and reflect how likely they are to win the match or event. These odds will also determine how much you will receive in winnings if the outcome you predict wins outright.

A helpful trick to understand moneyline odds better is to remember that the positive (+) number like +300 will show you how much you would win on a $100 wager. So if you placed a $100 bet on Team USA basketball at +300 odds, and they won, you would receive $300 in winnings plus you initial stake would be returned. This team would be considered the underdog in most situations.

If you want to bet on a favorite, let’s say France’s soccer team, to win at -120 odds, this number shows you what you need to wager to win $100. So, if you think France will win, you can bet $120 to win $100, plus you would receive your $120 back.

The same can be said about sports that have more than two outcomes, like betting on your favorite swimmer to win the 200M Butterfly event. The odds will likely be shifted as there are more competitors in the race. The same rules apply, you will determine the likelihood of that swimmer to win the race and choose the outcome you believe will occur.

You will see this same style of betting in the form of futures wagers, prop bets, and more.

For example, If Michael Phelps hadn’t retired after Rio 2016, he would be a heavy favorite to win this event in 2021, likely in the -2000 range, meaning his odds wouldn’t even be worth betting on as you would have to risk $2000 to win $100.

You may even see moneyline odds that pit two countries against each other for most gold medals – these will be located in the futures or specials section. For example, you could see odds that put The USA and China against each other for most gold medals, and you will have to determine which country will receive more.

Olympic Totals Betting

As we mentioned, moneyline bets will no doubt be the most used betting option during the 2022 Beijing Winter Olympics, but we believe that totals will creep in this year as they are growing in popularity across the board. Totals allow you to bet on an outcome that has nothing to do with the actual winner of the event. There will be plenty of over/under wagers to bet on through the Winter Olympics, and you can usually see these framed as over/under totals on points a player may score or acquire in an event.

Totals betting may only be available for select sports, but let’s focus on hockey for our example as it’s commonly used in the NHL already and it may be easier to understand than other events.

When it comes to betting on hockey at the Winter Olympics, we will have two players in a matchup and you will have to decide if the total number of goals for both teams collectively will be over or under the oddsmaker’s line. So if we set a line of 6.5, that means we expect the final score to be around that amount, whether that’s a score of 4-2, 5-1, 3-4 etc. The number will have a half point as this will prevent a push (if the line was set at 6, and the final score was 4-2, no one would win).

Your job here is to determine if you think the total score of both teams added together will be more or less than 6.5. If you choose the over, and the score is 7-1, you would win your wager. If the score was 2-1 and chose the over, you would lose.

Olympic Point Spreads

While moneyline bets will be the most popular type of betting at the 2022 Beijing Winter Olympics, we urge you not to sleep on point spreads. You can find a great variety of point spreads on hockey and curling, as it gives the underdog team or athlete an imaginary head start. It really depends on the sport and how points are awarded. You might see a point spread on how many points certain players might acquire in a competition etc.

Live Betting on the Olympics and Prop Bets

Live betting is extremely popular on traditional North American sports, but live betting on the Olympics, especially sports we aren’t overly familiar with betting on, is a whole new level of fun.

The live betting options will be unique and change rapidly for each sport, you won’t find any live betting options that are across the board for all 109 events. This simply allows you to bet on live play or games, which will let you bet on ‘what will happen next at the moment instead of waiting for an outcome to occur.

Prop betting may not be as popular on Olympic sports, but these are fun wagers – they will allow you to bet on certain aspects of a game or event that have nothing to do with who stands on the podium at the end of the event. You might want to bet on whether there will be overtime in hockey, or whether someone will get a perfect score, you can find plenty of options and value heading into the Winter Olympics.

Now that you have a grasp on how to bet on the 2022 Winter Olympics, head over to the sportsbook and start betting on your favorite Olympic events now!

Olympic Games Picks

Olympic Games Frequently Asked Questions

When is the Winter Olympics 2022?

The 2022 Winter Olympics begins on February 4th and will go until February 20th, 2022.

Can you bet on the Winter Olympics?

Yes, as long as you can create an online sports betting account, you can bet on the 2022 Winter Olympics.

Who will host the 2022 Winter Olympics Games?

The 2022 Winter Olympics is being hosted by China. Beijing was chosen as the host city for the event.

Where can I find the best odds to bet on the Winter Olympics Games?

You can find the best odds for the Winter Olympics right here at BetUS Sportsbook. We will have odds on all 15 sports and 109 events.

How many nations are participating in the Winter Olympics Games?

There will be 91 nations and 2,861 athletes  in attendance at the 2022 Winter Olympic games.

Is it legal to bet on the Winter Olympics?

Yes, you are able to bet on any Winter Olympic sport as long as sports betting is legalized in your state.

What Winter Olympic Sports Are Covered By BetUS Sportsbook?

BetUS Sportsbook will offer odds on as many Olympic events as possible, we will have a huge variety on all sports!

Will Fans Attend The Beijing Winter Olympics?

There will be a limited number of fans at the 2022 Winter Olympics due to COVID-19 restrictions. There will be a select few spectators allowed to attend in-person events.

Who has won the most gold medals?

Norway has won the most gold medals in the history of the Winter Olympics with 132 and a total medal count of 368.

Which sports are best for Beijing Winter Olympics 2022 betting?

If you’re new to betting on the Olympics it can be good to stick to sports you know like hockey (if you bet on the NHL regularly) or sports like figure skating and curling.

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