The 2021 Tokyo Olympics will take place this year from Friday, July 23rd to Sunday, August 8th in Japan. If you are looking to place some real money wagers on the action this year, it’s not too late to sign up at one of our favorite sportsbooks. Each site could easily be your one-stop shop for betting on the Tokyo Olympics!
These sites offer the finest in customer support and banking as well as in competitive sports betting odds and excellent real money bonuses. Check out our favorite online sportsbooks in the table below as get signed up today.
Start placing real money bets on the 2021 Olympics in just a few minutes when you click on one of the “Get Started” links above!
Find the Olympics Betting Content You Need:
Use the sectional links below to better navigate this review for the information that is most relevant to you and your needs. Our table of contents is perfect for skimming this review or finding the information you need quickly and efficiently.
In looking for the best sites for real money Olympics betting, our research team looked for sportsbooks that had the attributes that lined up with our extensive criteria for top Tokyo Olympics wagering. Some of these factors include a safe and secure signup process, real money bonuses, and great customer service, among others. Check out the rest below!
Safety and Security
When it comes to signing up for a new account, these sites can be trusted 100%! They are fully licensed by legitimate gambling authorities in reputable jurisdictions and are completely legal for use in the US. The sign up process if safeguarded by vetting procedures like Know Your Customer and Personal Identifiable Information. There is safety software in place to protect any personal or financial information shared with each site as well.
Wide Range of Sports to Bet
The Tokyo Olympics will be bigger than ever before! With the inclusion of five new sports to the ranks of the Olympic Games, there is now a grand total of 33 sports to watch and enjoy. Each sportsbook on our list comes equipped with multiple betting lines and odds for nearly all 33 sports that will be featured in Tokyo this year. When it comes to sports variety for the Olympics, these sportsbooks are some of the best in the business.
A Variety of Real Money Bonuses
This really comes in handy for newcomers to Olympics real money betting, which is why we made sure each site on our list has plenty of these. Real money bonuses in the form of welcome promotions for new bettors are waiting for those who create a new account today! These are some great additional funds that can go toward boosting your bankroll once you make your first deposit and get you off to a strong start.
A Bevy of Depositing and Payout Methods
Banking is one of those factors that is anything but a “one size fits all” affair. That’s why each site we promoted for Olympics betting is great at accommodating bettors’ needs when it comes to deposits and payouts. Players can use credit cards, cryptocurrencies, and many other banking methods to fund their accounts as well as collect their payouts when they win betting on the Tokyo Olympics.
With a total of 33 individual sports (not to mention the multiple divisions and competitions under the umbrella of each), the 2021 Tokyo Olympics may become a handful to keep up with! It is completely within the norm for several events to be televised simultaneously meaning that, if you are betting on multiple events, it may be a grueling task to keep track.
Luckily, each Olympics sportsbook we recommend offers fast payout speeds that can keep up with the action of the events occurring in real time.
If there are any problems or issues while betting on the 2021 Olympics, customer service at our favorite online gambling sites can be reached 24/7 by phone, email, or live chat. And they resolve matters with knowledgeability and professionalism. Our research team even took the time to test out each contact method to ensure top-rated service. Each site passed with flying colors!
Bettors who participate in Olympics wagering this year can enjoy each of these sportsbooks on the go with the help of mobile compatibility and connectivity. This allows each site to be used on iOS, Android, and Windows devices! Bettors will experience the same user interface, navigation, and handling they would find if they were using these sportsbooks on the large screen of their desktop computers.
The Top 2021 Olympic Gambling Sites: A Comparison
The sportsbooks we recommend for real money Olympics betting brings something great to the table. Check out the chart below that compares each of these sites to get an idea of what each one does well! If you’re not sure which online gambling site to join today, this information can be an awesome resource.
# of Sports
Top Welcome Promotions
50% Sports Welcome Bonus to $1,000
10% Cash Bonus up to $200
150% Casino Bonus up to $750
Large Welcome Bonus
Great Mobile Compatibility
100% Welcome Bonus up to $1,000
20% Cash Bonus for Every Referral
25% Re-Up Bonus
Large Deposit Bonuses and Low Rollover
Big Value Cash Bonuses
Great Prop Builder
Bitcoin Welcome Bonus
$750 Bitcoin Welcome Bonus
$250 Sports Welcome Bonus
Renowned VIP Program
US Players Accepted
Bitcoin Bonuses Available
125% Sign-Up Bonus
150% Crypto Bonus
150% Match Bonus up to $3,000
Excellent Game Software
Large Variety of Bonuses
Good VIP Program
50% Welcome Bonus
100% Crypto Bonus
25% Sports Reload Bonus
Casino, Poker, and SportsBetting
The Most Popular Events and Competitors This Year
The three most popular sports at the Olympics for the past several years have been gymnastics, swimming, and track and field. Within each field, there are several competitors that bettors should be watching. These athletes are the odds-on favorites to take the gold in their respective discipline. You will be more likely to win your Olympics wagers when you place bets on these individuals.
Biles is a household name, and she is slated to win another individual all-around title this year at the Olympic Games. Unsurprisingly, many consider Simone Biles to be a 100% lock for the US this year. She is a defending world champion and has maintained this title for her last five Olympic appearances. She is the reigning champion in vault and floor exercises as well.
Michael Andrew: Men’s 200 Individual Medley
Michael Andrew’s main event is the Men’s 200 Individual Medley. His astounding record from this past year and the strong performances he delivered in his June prelims speak for themselves! His personal best time of 1:55.26 has earned him the title of the third all-time fastest American swimmer as well as the fastest global swimmer for 2021 to this point.
200 Meter Individual Medley Odds
Michael Andrew (USA): +100
Daiya Seto (JPN): +275
Mitch Larkin (AUS): +400
Duncan Scott (GBR): +500
Kosuke Hagino (JPN): +700
Kaylee McKeown: Women’s 200-Meter Backstroke
This will be her first time at the Olympics, but this fierce Australian competitor has already begun to bring the heat! At the Australia Olympic Trial, she finished the 200-meter backstroke with a time of 2:04.28, a record for the Aussies. This is an improvement coming off her former record from earlier in the year of 2:04.31.
Women’s 200 Meter Backstroke Gold Medal Winner Odds
Kaylee McKeown (AUS): -230
Margherita Panziera (ITA): +360
Rhyan White (USA): +500
Kylie Masse (CAN): +700
Katinka Hosszu (HUN): +900
McKeown has even come within one second of the 2019 world record of 2:03.35 set by Regan Smith.
All-Time Women’s Long Course 200 Backstroke Performances
Regan Smith: 2:03.35 (2019)
Regan Smith: 2:03.69 (2019)
Missy Franklin: 2:04.06 (2012)
Kaylee McKeown: 2:04:28 (2021)
Kaylee McKeown: 2:04.31 (2021)
Olympic Track and Field
Noah Lyles: Men’s 200-Meter Race
He is the current world champion in the men’s 200 meters, the favorite to win the event this year. He is only 23 years old and was able to punch his ticket to his first Olympics with a time of 19.74 seconds. He is a three-time national champion sprinter for Team USA as well as the gold medal winner at the 2019 IAAF World Championships in Doha, Qatar, for the 200-meter event. He clocked this time when he ran as a part of a 4×100 relay team.
Men’s 200m Gold Medal Winner Odds
Noah Lyles (USA): -115
Andre de Grasse (CAN): +380
Kenneth Bednarek (USA): +470
Erriyon Knighton (USA): +470
Divine Oduduru (NGR): +2200
Shelly-Ann Fraser-Pryce: Women’s 100-Meter Race
She is the favorite to win the Women’s 100 Meter this year and recently clocked the world’s fastest women’s 100m in early June, the fastest in over 30 years since Florence Griffith Joyner. Her time was 10.63. Fraser-Pryce has won the 100 meter back in 2008 and 2012, respectively and is anticipated to get her third gold medal in Tokyo this year.
Women’s 100m Gold Medal Winner Odds
Shelly-Ann Fraser-Pryce (JAM): +100
Elaine Thompson-Herah (JAM): +145
Dina Asher-Smith (GBR): +600
Blessing Okagbare (NGR): +1000
Shericka Jackson (JAM): +1000
What Olympic Betting Sites Are Used in Other Countries?
There are a ton of great sportsbooks out there for real money Olympics betting. When you look at other countries, you might find some names you don’t recognize. This is because there are plenty of sportsbooks that can only be used within that country. Here are some of the mainstays out in Canada, the UK, Australia, and the Netherlands.
The United Kingdom
How to Bet on the Olympics 2021
Betting on the Olympics goes far beyond simply betting on a winner for each event. If you are new to online sportsbetting, you may not be aware that there are multiple ways to place bets on the action at the Tokyo Olympics. This is completely different from a variety of events with multiple betting lines and odds. These are actual betting formats which can make the experience far more interesting and way more fun!
Here are some of the Olympic bet types you will find at our favorite online sportsbooks.
Moneylines (Straight Bets)
This is as simple as it gets. This is the method referred to a moment ago where bettors try to correctly predict an individual or team winner for a particular game, event, or competition.
Moneyline odds will be written in a format like this:
In this example, the US is the favorite to win, and France is the underdog. Favorites are always signified by a negative sign (-) and underdogs are always signified by a positive sign (+).
The US is the team or has the individual that is slated to win the gold. The number -110 is symbolic of the amount of money a bettor needs to place as their wager to $100. When a bettor places a wager of $110, they keep their bet and gain $100 in the event the US wins.
On the other side of the coin, France’s odds of +110 represents the amount of a bettor’s winning if they bet $100 on France. In this scenario, there is a huge upset and France pulls out a victory. The bettor would keep their original bet of $100 and gain $110 on a $100 bet!
The goal of this real money Olympics bet is to motivate bettors to place wagers on underdogs. An artificial handicap is placed on the favorite to win which then spreads the points out. Each individual or team has to cover the spread in order to win.
Point spread odds could be written like this:
US -5.5 -110
France +5.5 -110
The example shows that US is the 5.5-point favorite while France is the 5.5 underdog. A bet placed on the US will win if they beat France by 6 or more points. A bet on France will be considered a win if they pull off an outright win or if they lose by 5 points or less.
In the Tokyo Olympics, the over/under totals bets are gauged by countries taking home the most gold medals. With over/under totals, bettors will find head-to-head bets, a subsection of the totals betting category in involves two countries duke it out for the most golds medals.
Over/under totals for most gold medals can be illustrated with this example involving the UK. In this scenario, bettors must correctly predict if the UK will gain more than 25 gold medals or gain fewer than 25 gold medals. All respective odds are written out thusly:
OVER 25.5: Odds of -110
UNDER 25.5: Odds of +110
Now, let’s look at the head-to-head style bet for Olympic totals. Two countries are pitted against each other, and bettors must correctly predict which will take home the most gold medals. The US is the favorite to take home the most gold and the UK are the underdogs.
A bet on which team will win the most gold medal at the Tokyo Olympics is something that can be wagered on well in advance, making them a futures bet. In fact, all futures betting is performed long before the event has even begun. When betting real money on the 2021 Olympics, futures bets are a great way for bettors to make a prediction ahead of time and, ideally, set it to completion. These bets definitely reward those with patience and foresight.
“Prop bets” are shorthand for propositional wagers. They are based around things that can happen or do not happen on and off of the playing surface for certain sports, disciplines, and events at the 2021 Tokyo Olympics. As you can imagine, the nearly-infinite possibilities for these bets can be extremely detailed in nature. An example of a props bet could be, “How many gold medals will the US women’s track team bring home at Tokyo?” or “Will someone not stand for their country’s national anthem?”
Parlay betting can be lucrative, but the process to getting to that payout is complicated. That’s because a parlay bet involves combining multiple bets into one ticket. And all parts of the bet need to be correct for the bet to pay out. This is an advanced type of betting that may not be the best for newcomers. It’s used by a lot of experts and seasoned professionals and tend to result in some crazy wins.
A lot of sportsbooks have live betting features which allow bettors to place wagers all throughout the course of the event, creating an avenue of additional betting opportunities that were inconceivable years ago! Watching the events live and participating in Olympics live betting could increase your bankroll to heights you never thought possible. Doing so diligently could result in scoring multiple opportunities that would otherwise be missed.
What are some of the best ways to increase your odds of winning bets placed on the Tokyo Olympics? When real money is on the line, it is especially important to gain any edge possible to set yourself up for a nice payoff. Check out some of these simple strategies that put you in the best-case scenario to beat the odds.
Bet on Familiar Sports and Events
Stick with the sports or events that you follow the closest. The more information you have, the better you develop a complete picture of the playing board. Doing your research allows you to pinpoint nuances and subtleties that could impact the final results. Steer clear of sports or events you are less familiar with because you may not know what to look for. Any oversight could cost you some major coin.
Continually Check the Betting Lines
Be vigilant with tracking betting lines and odds for the Tokyo Olympics. Pricing can change, allowing for bettors to snag great deals that appear out of thin air.
Individuals competing in certain competitions could be pulled last minute for health or personal reasons. A great example is swimmer Kaylee McKeown who recently dropped the women’s 200-meter individual medley from her routine. Always check the betting lines on a daily basis to identify outdated information or find discrepancies in the numbers to gain an edge over the competition.
Look at Previous Gold Medal Winners
The past can be a good indicator of what the future holds. It is a good idea to look at the favorites to win each competition as well as look for those who have won the gold before. Often times, previous gold winners are assigned as the favorite! Competitors like gymnast Simone Biles and runner Shelly-Ann Fraser-Pryce who have won the gold multiple times are phenomenal athletes to keep a close eye on going into the 2021 Olympics.
Read Experts’ Opinions
It can never hurt to listen to the advice and guidance of those who are in the industry and are former or current athletes. They often have much more insight into how the Tokyo Olympics could unfold over the ordinary person. What they say and think carries much more weight. If you are betting real money on the Tokyo Olympics, it might be in your best interest to inform your betting based off the opinions of the experts in the industry.
Watch the 2021 Olympics Live
As mentioned earlier, live betting is growing in popularity and has proven to make the sports betting experience much more lucrative than was every thought possible. We recommend watching the 2021 Tokyo Olympics live so you can capitalize on a slew of additional betting opportunities. This could allow you to really drive your winnings through the roof!
Get Started with Olympics Betting
If you’re ready to begin betting real money on the Tokyo Olympics, you can start by joining one of our favorite online sportsbooks! The process to sign up is by no means difficult and takes just a few minutes! Consult our step-by-step guide below on creating your new account. You are minutes away from placing real money bets on the 2021 Olympics.
Choose a sportsbook that offers 2021 Olympics odds. In fact, just select one of our recommended sites in the chart at the top of this page!
Click on “Get Started.” The link will take you to the sportsbook’s signup page.
Provide your email address. You will have to create a username and password.
Fill in all information fields completely and correctly. When you are finished, hit “Submit.”
Check your email for a confirmation message. Once received, log into your new account!
Visit the “Banking” page. Choose a deposit and withdrawal method.
Make your first deposit. Don’t forget to apply any appropriate welcome bonus codes.
Click on “Sportsbook” and you will find a number of betting odds under “2021 Olympics.”
Select a sport or event. Shop the betting lines for the odds you want.
The bet slip will pop up when you have selected your odds. Apply these odds to the bet slip. Click on “Place Bet” to submit.
Betting on the 2021 Olympics FAQ
When Is the Tokyo Olympics?
The 2021 Olympic Games will begin on Friday, July 23rd and end on Sunday, August 8th.
Who Is Hosting the Olympics in 2021?
The 2021 Olympics will be hosted in Tokyo, Japan.
Are the Olympics Happening in 2021?
The 2021 Olympics are a go this year! They are planned to run from Friday, July 23rd to Sunday, August 8th in Tokyo, Japan.
Are There Any New Sports Added to the 2021 Olympics?
Five new sports were added to the 2021 Olympics Games as per the International Olympic Committee. They include baseball/softball, sport climbing, karate, surfing, and skateboarding, which brings the total number of sports from 28 to 33!
Where Can I Bet on the 2021 Olympics?
You can bet on the 2021 Olympics at any online sportsbook that is legal for US players and is fully licensed by a legitimate gambling authority in a reputable jurisdiction. In fact, the quickest way to place bets on the 2021 Olympics is to join one of the sportsbooks we recommend in this review: MyBookie, BetNow, Bovada, BetUS, and BetOnline.
Are Fans Allowed to Attend the Tokyo Olympics?
Fans are permitted to attend the Tokyo Olympics, but for now, the attendance is limited to 10,000 local fans.
Which Sports Are Best for Tokyo Olympics 2021 Betting?
The best events to bet on for the 2021 Olympics in Tokyo are Olympics Basketball, Women’s 200 Meter, and Freestyle Swimming. For several years now, the most popular Olympic sports have been gymnastics, track and field, and swimming. Be sure to look for these sports as well!
Can You Bet On the Olympics Legally?
Yes, it is legal to bet on the Tokyo Olympics when you use a licensed online sportsbook that accepts bets from US gamblers. The offshore sites we recommended are reputable and have the proper licensing to take bets. So, you should be good to go!
What Are the Most-Watched Sports in the Olympics?
The three most popular sports in the Olympic Games are gymnastics, swimming, and track and field.
Which country has the best odds to win the most gold medals?
The United States is the favorite to win the most gold medals at the 2021 Olympic Games in Tokyo.
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