Olympics Betting Guide – Where to Bet on the Paris Olympics 2024 in Canada
This comprehensive Olympics betting guide offers insights into where to bet on the Olympics legally in Canada. It also explains the bets you can make, events to watch out for, favourites, and other tips for informed betting.
Olympics Betting Sites
Below are some of the top betting sites you can bet on the 2024 Paris Olympics.
- 888Sport – Best sports betting markets
- Bet365 – Best Live Betting Sportsbook
- Sportsinteraction – Best overall betting odds
- Betano – Beginner-friendly platform
- Bet99 – Best for first deposits
- Pointsbet – Best for existing users
- Draftkings Sportsbook – Best User Interface
- Betway – Best for Payment Methods
- Betrivers – Diverse In-Play Markets
- FanDuel – Best mobile gaming interface
Who is the Summer Olympics 2024 Host?
The games will be hosted in Paris, France. This is the third time Paris has won the hosting rights. The official Olympics 2024 dates are Friday, July 26th, 2024, to Sunday, August 11th, 2024.
Paris 2024 will use over 30 venues in 17 cities across metropolitan France. The opening ceremony will occur along the Seine River, while the closing ceremony will occur at the Stade de France.
Other notable venues include:
- Parc des Princes (soccer)
- Paris La Defense Arena (swimming)
- Effiel Tower Stadium (beach volleyball)
- Bercy Arena (basketball)
- Stade Roland-Garros (tennis)
How Many Countries Will Participate in the Olympics 2024?
The Paris Olympics will welcome athletes from approximately 206 countries around the world. These include powerhouse nations like the United States, Great Britain, Germany, and Australia. Emerging nations like the British Virgin Islands, Andora, Iceland, and Grenada will also participate.
The organizers expect over 10,000 athletes to participate in the games over the two weeks. This reflects the diverse backgrounds, cultures, and dreams the Olympics customarily represent. Read on to learn about some of the popular events at the Olympics that bettors can take advantage of.
How Many Countries Will Participate in the Paralympics 2024?
The Paralympic Games come just after the Olympics. They will also take place in Paris from August 28 to September 8, 2024. A total of 163 National Paralympic Committees (NPCs) will attend the games in Paris. In addition, over 4000 athletes are expected to participate.
Overall, the Paralympics sports represent a massive gathering of disabled but talented competitors worldwide. Read on to learn more about the types of sports and events available during these prestigious games.
What are the Most Popular Events at the Olympics and Paralympics?
The Olympic Games will feature over 300 medal events across 40+ different sports. That is the second most in the game’s history. Some of the most popular events include:
- Athletics (Track and Field)
- Swimming
- Gymnastics
- Basketball
- Cycling
- Tennis
- Soccer
- Volleyball
- Boxing
- Archery
- Badminton
- Hockey
- Judo
- Weightlifting
- Rugby sevens
The 2024 Paris Olympics will include four additional sports peculiar to Paris: breaking, skateboarding, sport climbing, and surfing. Breaking (or break dancing) will also make its Olympic debut.
Similarly, the 2024 Paralympic Games in France will include over 500 medal events across 22 sports and 23 disciplines. Notable mentions include:
- Para archery
- Goalball
- Para table tennis
- Wheelchair rugby
- Sitting volleyball
- Para cycling
- Swimming
- Wheelchair basketball
- Para rowing
- Wheelchair tennis
- Para powerlifting
Where to Bet on the Olympics 2024
Punters will invest a lot of time into finding the best betting sites in Canada for Olympic wagers. However, we have researched the best options to save you time and effort. This section of our guide presents each sportsbook and highlights its features and offers.
1. 888Sport – Great Overall Olympics Betting Experience
The first entry is 888Sport. This Canadian betting site has made the list because it delivers the best overall Olympic wagering experience.
Bettors can access various betting options and competitive Olympics betting odds, including single bets, parlays, player props, and futures. Live betting is also available for players who want to wager on events as they happen.
Other notable features include Bet Builder and Special Bets. With the Bet Builder feature, players can wager multiple predictions in a single bet. The Special Bet feature allows bettors to wager handpicked events with improved odds for better potential returns.
2. bet365 – Best Innovative Olympics Betting Features
bet365 is known for its innovative betting features and customizable betting options. Players can access many traditional and niche markets on the website and the bet365 mobile app.
The sportsbook also offers a variety of markets for Olympic sports, allowing bettors to customize their betting experience. This flexibility can be beneficial during the Olympics, as bettors can easily explore various betting options across different events.
Other features include live betting with match stats, analysis, and visualization. Bet Builder, Cash Out, Bet Calculator, Match Updates, and HD Live Streaming are also available.
3. Sports Interaction – Canadian-Focused Olympics Betting
Sports Interaction is a Canadian-focused sportsbook offering a tailored experience for Canadian Olympic bettors. This platform provides a good range of betting options for the Paris 2024 Olympics, including events and athletes that Canadian bettors are likely to follow closely.
Another of Sports Interaction’s strengths is its user-friendly interface. The well-organized Olympics betting section makes finding and placing bets on your favourite events or athletes easy. Overall, it’s a solid choice for bettors looking for a familiar, easy-to-use platform focusing on Canadian interests in the Games.
4. Betano – Best Deposit and Withdrawal Experience
Canadian bettors looking for an Olympics betting site where they can get money in and out quickly should consider Betano. Besides offering a wide range of Olympic sports and betting markets, Betano offers a reliable payment processing system.
Players can fund their betting accounts with as little as $5. They can choose from several methods: INTERAC, Credit/Debit Cards, Apple Pay, PayPal, and Prepaid Cards. Deposits are free and processed instantly.
Withdrawals are equally seamless. Players can withdraw up to $50,000 at once. Available withdrawal methods include eCashout, Credit/Debit Cards, PayPal, Apple Pay, and INTERAC Transfer.
5. Bet99 – Impressive Sports Betting Markets and Odds
The next entry on our list is Bet99. Bet99 gives Canadian bettors many choices for Olympic sports gambling. These include wagers on Canadian sports teams and those from other countries.
Players can bet on popular sports like hockey, basketball, soccer, and swimming. Less common events like archery and table tennis are also available.
For all of these sports, bettors get to wager different bet types. These include winners, point spreads, over/under totals, and more. Players also get competitive Olympics betting odds that translate to the potential for higher winnings on these wagers.
6. PointsBet – Excellent for Live Betting
PointsBet is another platform Canadian bettors can consider for betting on the Olympics, especially those prioritizing live betting. The sportsbook provides various markets for the Olympics and Paralympics, including athletics, swimming, gymnastics, basketball, soccer, etc.
The sportsbook allows players to place bets during ongoing Olympic events. Several live betting markets exist, such as Next Goal, Next Basket, Next Booking, and more.
The odds for these markets are great, increasing players’ potential winnings. There is also a robust live streaming feature where players can watch the action live and make informed bets.
7. DraftKings – Best Mobile Betting Experience
Canadian bettors who want to bet on the Olympics on the go will prefer DraftKings. It is one of the best sports betting apps in Ontario for Android and iOS.
The app allows bettors to access all the available Olympic betting options and place their wagers on the go. Depending on the device type, the app is available on the Apple App Store or Google Play Store.
Alternatively, they can access the DraftKings mobile website through their mobile browser. This option is great for bettors who do not want to download an app.
8. Betway – Best for Responsible Gambling
Canadian bettors who want to stay responsible throughout their Olympic betting experience will prefer Betway. The platform conducts internal checks and offers self-assessment by collaborating with Gambling Help Organizations.
As part of its responsible gambling measures, Betway has integrated the following tools into its platform:
- Deposit limits: Control how much you can deposit
- Loss limits: Set how much you can lose
- Session limits: Restrict how long you can bet in one sitting
- Take a break: Pause your account for a short time
- Self-exclusion: Block access to your account for longer periods
- Account closure: Close your account permanently
9. BetRivers – Comprehensive Olympics Coverage
BetRivers is a well-known name in the Canadian sports betting space. The platform’s Olympic coverage is impressive. Players can access an extensive range of betting options for the Paris 2024 Olympics on the platform. Some notable mentions include:
- Outright winners in individual events and team sports
- Medal predictions for countries
- Prop bets on specific achievements or milestones
- Over/under bets on scores, times, or points
- Head-to-head matchups in various sports
BetRivers also provides detailed statistics and information on athletes and teams. We believe this can come in handy for making informed bets, especially on less familiar sports.
10. FanDuel – Most Appealing to New Users
FanDuel is an excellent choice for Canadians new to Olympics betting. Its user-friendly approach and helpful features make it easy for beginners to start betting on the Olympics.
The sign-up process is easy–it takes only a few minutes to complete. After registration, new players can easily navigate the website and app, thanks to their simple and clean design.
There is a dedicated FAQ section that provides clear explanations of common betting terms and processes. New bettors can also check out helpful tutorials to start their betting journey.
Olympics 2024 Basketball Winner Predictions
Basketball will be one of the sports to look forward to at the 2024 Olympics. Twelve national teams divided into three groups will compete in the men’s basketball event.
Canadian bettors looking to wager competitive Olympics basketball odds should know the favourites. They include:
- United States: With its strong roster of NBA stars, the US basketball team is the clear favourite for the gold medal. The country has also won four of the last five Olympic basketball gold medals.
- France: France is the host country and has a strong team with a few players. France emerged as the silver medalist in the 2020 Olympics.
- Australia: Having won Bronze in 2020, Australia will be looking to build on that and claim the gold. The Australian basketball team is also strong and experienced.
- Spain: Spain has been consistently strong in international basketball play. The 2019 World Cup Champions will come in strong for the 2024 Olympics in Paris.
- Canada: The Canada Olympics basketball team 2024 has prepared strongly. It will be looking to win its first medal since Berlin in 1936.
Other strong contenders include Germany, Serbia, and Argentina.
Olympics 2024 Football Winner Predictions
Soccer is another top sporting event at the 2023 Olympics in Paris. The tournament will feature 16 national teams divided into four groups. Although the Games’ opening ceremony is on July 26th, the men’s soccer event starts on July 24. Here are the favourites to win the gold medal:
- France: As the host nation, France will have a home advantage and a passionate crowd behind them. In addition to their talented squad, the team will be coached by Arsenal legend Thierry Henry.
- Argentina: With a rich football history and talented stars, Argentina is always a contender. Their attacking strength and experience increase their chances of winning gold.
- Spain: Spain’s Olympic team has the talent to play its traditional possession-based style. The 2021 silver medalists will seek a solid performance to clinch the gold.
Others include the USA, which has a well-organized team, and Japan, which has performed great in recent outings.
Olympics 2024 100m Winner Predictions
The 100-meter race is one of the most anticipated events at the Olympics, and Paris 2024 will not be an exception. A host of talents will be looking to sprint their way to the gold medal in both the women’s and men’s categories.
Here are the favourites for the men’s category:
- Fred Kerley (USA): 2022 World Champion
- Noah Lyles (USA): Strong championship record
- Christian Coleman (USA): Former world champion
- Andre De Grasse (Canada): Six-time Olympic medalist
- Akani Simbine (South Africa): Consistently in the top rankings
Here are the favourites for the women’s category:
- Sha’Carri Richardson (USA): Dominant win at the US Olympic trials.
- Melissa Jefferson (USA) and Twanisha Terry (USA): Right behind Richardson at the trials.
- Shelly-Ann Fraser Pryce (Jamaica): Multiple Olympic and World Champion
- Dina Asher-Smith (Great Britain): British record holder for the 100-meter
These favourites tend to have relatively higher 2024 Olympics 100m odds. Bettors can take advantage of this to enhance their potential payouts.
Olympics 2024 Tennis Winner Predictions
Tennis promises an entertaining but fierce competition at the 2024 Olympics in Paris. This edition will see 64 players across each of the two singles draw. As part of our Olympics betting tips, let’s look at the top contenders for the men’s and women’s categories.
Favourites for the men’s category:
- Novak Djokovic (Serbia): Multiple Grand Slam winner
- Carlos Alcaraz (Spain): World Number 1
- Jannik Sinner (Italy): Recent Australian Open winner
- Alexander Zverev (Germany): 2020 Olympic gold medalist
Favourites for the women’s category:
- Iga Swiatek (Poland): World Number 1 and Grand Slam winner
- Emma Raducanu (Kazakhstan): Wimbledon Champion
- Naomi Osaka (Japan): Multiple Grand Slam winner
- Coco Gauf (USA): US Open Champion
Olympics 2024 Betting Markets
Understanding Olympic betting markets is vital for Canadian bettors. It helps you make smarter bets and find the best value in wagers.
In addition, knowing different bet types lets you match your knowledge with the right betting options. This can increase your chances of winning and make betting more fun and rewarding.
Futures
Futures bets are placed on events that will happen later, like who will win a gold medal. You can bet on these long-term outcomes long before the Olympics start.
To use this market, we recommend researching athletes and teams early. Look for competitive Olympics 2024 odds on strong contenders who aren’t favourites yet. Futures can also offer significant payouts if you predict correctly and place bets early.
Moneyline
Moneyline bets are simple: you pick who will win a game or a race. The choice is often between the favourites and the underdogs. In Olympic events, favourites have negative numbers (like -200), and underdogs have positive numbers (+150).
To maximize Moneyline bets, look for close matchups where you think the underdog might win. These offer better payouts if you predict correctly. Also, bet on strong favourites in less popular sports for safer, smaller wins.
Point Spread
Point spreads apply in team sports like basketball. It offers a chance to win even if your chosen team doesn’t win outright, making it ideal for close contests.
The favourite gives up points (-5.5), and the underdog gets points (+5.5), evening out the betting.
To wager point spreads properly for Olympic betting, study team performances and recent form. Look for teams that often win (or lose) by small margins. You should also consider factors like injuries or home advantage that might affect the spread.
Parlays
Parlays combine multiple bets into one, potentially multiplying your payout. However, all the selections in the bet must win for the parlay to pay out. They offer bigger winnings but are more challenging to win.
To use parlays well, research the teams you are wagering on. Then, combine a few bets you’re confident about, but don’t make them too big. Look for related events where your knowledge can help, like betting on multiple soccer events together.
Totals
Totals bets, or over/under, are about the combined score or points in an event. You can wager the total score (points, runs, etc.) for an entire game, exceeding or falling below a set number. It is a good option for Olympic betting, especially in close games where the exact winner might be uncertain.
To maximize totals, research the athletes or teams involved. Look at their past performances and scoring trends. Also, factors like weather for outdoor events, which can affect totals, should be considered.
Props
Prop (short for propositions) bets are on specific events within a competition. For example, you can wager on which team scores first or how many three points a player makes.
It is also an excellent Olympic betting option for Canadian bettors who can research player stats and trends.
To get the best out of props, use your detailed knowledge of sports and athletes. Look for props on athletes or events you are very familiar with. Props can offer good value if you spot something the oddsmakers did not.
Live Betting at Olympics 2024
Live betting lets bettors wager on Olympic events as they happen. It’s exciting and gives players more betting options. Some of the betting markets available for live betting include:
- In team sports like soccer or hockey, Next Goalscorer (in team sports like soccer or hockey)
- Next Point Winner (in tennis or volleyball)
- For tennis or volleyball, Next Team to Score
- In multi-event competitions, Next Medal Winner
Many Canadian sportsbooks offer live betting for the Olympics. You can use any of the sportsbooks we mentioned in this guide for your live bets.
Live Streaming
Live streaming is often included in the live betting feature. However, not all Canadian sportsbooks offer it.
Here are some Ontario sports betting sites with live streaming you can use for 2024 Olympics betting:
- bet365
- PointsBet
- Sports Interaction
- Betano
- BetRivers
- Bet99
- Betway
To watch an event live, go to the live betting section of your chosen sportsbook. Choose an Olympic event and tap the video icon to start the stream (if available).
Olympics 2024 Betting Tips
Here are some expert 2024 Olympics betting tips to help Canadian bettors make smarter betting choices. These strategies can also improve your chances of success and enhance your Olympic betting experience.
Do Your Research
Good research helps find value bets and avoid overrated wagers. Study athletes’ recent performances, head-to-head records, and Olympic history.
Look at factors like training conditions, injuries, and pressure handling. Know the Olympic schedule and how it might affect athletes.
Explore Various Betting Markets
Don’t just bet on winners. Try other markets like totals, props, or medal counts.
These can offer better value, especially in events with clear favourites. Mixing up your bets can increase your chances of finding good Olympics 2024 odds and winning.
Set and Stick to a Budget
Before you start betting, decide how much you can afford to lose. Divide your budget across different bets and days of the Olympics.
Never chase losses by betting more than you plan. Responsible betting keeps the entire betting experience fun and safe.
Consider Unpopular Sports
Popular sports often have lower odds. Look at less-known Olympic events that sportsbooks might have overlooked. Your research could give you an edge in these markets, leading to better value bets.
Use Multiple Sportsbooks
Sign up with several sportsbooks to compare odds and take advantage of different offers. This lets you always get the best value for your bets. It also gives you access to more betting markets and useful features.
Watch for Injuries and Withdrawals
Keep an eye on the news for updates about athlete injuries or last-minute withdrawals. These can greatly affect odds and outcomes. Quickly acting on this information can help you find value bets or avoid bad ones.
FAQs – Olympics 2024 Betting Guide
Let’s round up this guide by answering some of the most common questions about the Olympics 202e betting.
Can you bet on the Olympics in 2024?
Yes, you can bet on the 2024 Olympics. Many Canadian sportsbooks will offer betting options for various Olympic events. Use licensed and regulated betting sites to stay safe and legitimate.
Does DraftKings have the Olympics?
Yes, DraftKings typically offers Olympics betting. They usually provide a wide range of markets for Olympic events, including popular sports and some less common ones.
Can you bet on Olympic basketball?
Yes, you can bet on Olympic basketball. It’s one of the most popular Olympics betting events. Most sportsbooks offer various markets for basketball, including game-winners, point spreads, totals, and player props.
Can you bet on the Paralympics?
Yes, you can bet on the Paralympics. Many sportsbooks offer Paralympic sports betting markets, though the options might be more limited than for the Olympics.
When is the next summer Olympics?
The next summer Olympics will be the 2024 Summer Olympics, which will be held in Paris, France. The 2028 Summer Olympics will follow in Los Angeles, USA.
When does the Olympics 2024 start?
The Summer Olympics 2024 in Paris will start on July 26 and run until August 11, 2024. The Paralympic Games will follow, beginning on August 28 and ending on September 8, 2024.
