Olympics Betting Odds and Guide – Tokyo 2020

Olympics Betting Odds

It’s a little bit early for the full betting odds because there are still many qualification processes to go through first, and many squads still to be decided upon. However, the bookies are already starting to offer odds on the big events and overall medal table predictions, so we’ve taken a look at the early Olympics betting odds and picked out the favourites and best bets so far.

Athletics

The 100 and 200-metre sprints always draw the biggest crowds in the stadium and millions tune in across the world to watch it on TV. These final sprints are some of the last events of the Olympics and all eyes will be on the fastest men and women in the world.

Mens 100m – Tokyo 2020 Outright Winner

Christian Coleman is outright favourite for the men’s 100-metre sprint at 1/1 odds with SkyBet. Noah Lyles is the man most likely to steal his limelight who can be backed at 7/2 odds with William Hill.

Womens 100m – Tokyo 2020 Outright Winner

Shaunae Miller-Uibo is currently backed as the favourite for the women’s 200 metre sprint and you can place a bet on her now with SkyBet at 1/1 odds. Dina Asher Smith is next in line for the gold with William Hill backing her to win at 2/1 odds.

10,000-Metre Marathon

Other popular events include the 10,000-metre marathon with Mo Farah being backed by SkyBet at 7/2 odds to claim the gold medal. Elsewhere, Katrina-Thompson Smith is currently being backed at 13/10 odds with William Hill to win the women’s heptathlon.

Place a Free Bet on Athletics

Code: P30

4.8/5

Bet £10 Get £30 in free bets

Go to William Hill Go to review

New online customers only, min £10/€10 stake, win only, min odds 1/2, free bets paid as 2 X £15/€15, 30 day expiry, free bet/payment method/player/country restrictions apply. See full terms below.

No Code Required

4.5/5

£20 free bet welcome offer

Go to Skybet Go to review

Opt-in required. cash stakes only before 23:59 on sunday. odds 1/1 or greater. cashed out & tote bets excluded. free bets stakes excluded in returns. no free bet expiry. t&cs apply.

Tennis

Paddy Power have some early odds available for the tennis even though the qualifying players don’t get officially selected until June. Both Serena Williams (5/1 odds) and Novak Djokovic (5/4 odds) are being backed to take the Singles gold medals.

It will be worth looking at Naomi Osaka and Kei Nishikori in the tennis as well, the local duo will both be looking to win medals on their home soil of Japan.

Place a Risk-Free Bet on Tennis

No Code Required

4.5/5

£10 RISK FREE FIRST BET MONEY BACK IN CASH IF IT LOSES

Go to Paddy Power Go to review

New customers only, limited to one per person. If you’ve previously had a Paddy Power account, you will not qualify for the offer. Place your FIRST bet on any Sportsbook market and if it loses we will refund your stake in CASH. Max refund for this offer is £10. Only deposits made using Cards or Paypal will qualify for this promotion. T&Cs apply.

Table Tennis

China is the country to beat when it comes to table tennis with a total of 53 winning medals already. Saying that Japan are starting to show signs that they might be ready to knock China off their top spot. Current table tennis stars Ito Mina and Harimoto Tomokazu will both be looking to push China all the way to the gold medal podium position. 

The table tennis betting odds are not available yet but we’ll update them here as soon as they become available.

Swimming

Swimming is the one sport that offers punters many betting opportunities and history shows that it’s often dominated by the Americans and Australians. The Rio Olympics gave the UK a champion of their own though, in the shape of Adam Peaty. The youngster broke the world record at Rio and the chances of him breaking his own record are definitely worth a closer look. 

The swimming betting odds are not available yet but we’ll update them here as soon as they become available.

Nations with the Most Medals

William Hill is already offering odds on the nation with the most medals overall and it’s no surprise to see the USA up at the top with 1/10 odds. China is second with 8/1 odds and the UK are third favourites at 12/1 odds. Below we’ve got the list of the top 10 countries and their current Olympics betting odds:

Top 10 Nations – To Win Most Medals at Tokyo 2020 Olympics

1. USA – 1/10
2. China – 8/1
3. UK – 12/1
4. Japan – 16/1
5. Germany – 66/1
6. South Korea – 100/1
7. Australia – 200/1
8. France – 200/1
9. Italy – 200/1
10. Brazil – 500/1

Olympic Betting Tips & Strategy

The Olympics is a huge event and so it comes as no surprise to see some punters getting overwhelmed with all the betting markets and opportunities. So, how do you go about backing a winner? How can you take advantage of all these betting markets? Read on and we’ll give you some of our top tips and strategies that will help you find more winning bets at the Olympics.

Olympics History

If we look back at the history of Greece then we can see that the first Olympic Games took place in 776 BC. The event back then was dedicated to the 12 Olympian Gods and was held at the ancient site of Olympia, made famous for its link to the mythical gods Zeus and Hera.

The historic event carried on through to 393 AD but it took another 1503 years for it to be reintroduced in the modern era. Since 1896, the Olympics has been an international event and is still considered to be the ultimate accolade for athletes across the world.

There have been countless numbers of athletes taking part in the games but only a handful of them went on to become true legends. Ray Ewry held the title of most gold medals for over a hundred years until Michael Phelps took the title in 2008 with his 11^th gold medal.

Jesse Owens, Carl Lewis, Mark Spitz and most recently Usain Bolt have all created their own Olympic magic by dominating their events. It’s worth taking note that three of those Olympian legends are American and the most successful Olympic nation are still producing number one athletes across multiple events.