The Summer Olympics are some of the most popular events in the world. It brings together players, athletes and sports enthusiasts from all over the world. Sports betting trends have changed since the last Olympics. However, you can still maintain an edge in your gambling activities by learning how to bet on sports online at the current temperature.
The Olympics were supposed to take place in 2020 but was postponed for a year due to the effects of Covid-19. On the brighter side, the Olympics officially started 23rd July 2021, and we are here to bring you all the important betting tips and strategies.
Whether you are a fan of swimming, football, basketball, cycling, boxing etc., keep up with all the latest odds and betting tips for the Olympics on Betpack.
Try Different Types of bets in Olympic sports
Olympic bets are a bit different to what bettors are used to every other day. There are different bets that you can try out. Don’t be intimidated by the numbers and numerical symbols. Olympic bets are easy to understand.
Who will win the Olympic event? Moneyline Bets
Sometimes known as ML, the Moneyline bet is one of the simplest bets you can make. All you need to do is predict who will win.
The odds are based on suggested probability. The odds are primarily displayed in American odds.
Over/Under Totals Bets
The Olympic overbets work the same as in other sports events. Sport betting sites will set an informed number on something. Bettors are then required to decide whether the final total at the end of the game will be Under (below) or Over (above). As you will notice, most totals are set at half-numbers to eliminate any risk of a tie or a push.
Another common Total bet is the ‘gold medal counts.’ Bookmakers set a total number predicting how many gold medals a country could win. You will bet against that number (Over or Under).
Make a Point Spread Bet
Point spread bets help to create even bets between two teams that are not equal. The sports betting site will indicate a set line (spread or point number), and you will have two choices.
Whether the favourite (-team) will win by more or if the underdog (+ team) will not lose. All against that set number.
Prop bets are kinda funny but easy
Prop bets can be hilarious sometimes. They are wagers on unique markets and situations. You could be making bets on things like ‘the length of the national anthem’ etc. It is not uncommon to find books that offer Yes/No markets for the Olympics.
2021 Olympic betting tips
- Play within your budget or bankroll.
- Don’t make blind bets, do all the necessary research before making a decision.
- Follow up on injuries and major health news. One ankle injury can affect an entire sport.
- Keep an eye on the lines. If you notice that your preferred odds have dropped drastically, there is a reason for it.
- Start betting slowly and increase your bets as you go.
- Pay attention to the weather.
Olympic betting is still gaining traction among bettors. Still, with more than half the world watching the Tokyo Summer Games, we can be sure more people will be sports betting.
Find a reliable bookmaker, register an account, log in, make a deposit and begin your betting journey.