Olympic betting trends: Basketball and golf lead the way

According to recent data, basketball and golf are emerging as the frontrunners in Olympic betting markets, with tennis and soccer following closely behind. Which shouldn't be a huge surprise, given these are some of the most popular markets outside of an Olympic cycle.

But basketball and golf getting most of the betting sunshine ahead of the usually dominant football might come as a shock to many. 

 

Basketball dominates the odds

The big-name NBA stars in basketball makes it one of the most highly anticipated event at the 2024 Olympic Games.

The most intriguing storyline is the quest for gold by the USA men's basketball team.

Despite facing increasingly formidable competition in recent years, the Americans remain the overwhelming favourites to ascend to the top of the podium.

Sportsbooks have assigned odds of -400 in favour of the USA men, reflecting their unmatched talent and depth.

While the men's team faces stiff competition, the USA women's basketball team stands in a class of their own. They boasts even more favourable odds at -1750 to capture the gold medal.

Their unparalleled success and unwavering consistency have made them an unstoppable force in international basketball. With a roster featuring some of the greatest players in the world, the USA women are widely expected to extend their reign and bring home another Olympic gold.

 

Golf swings into second

Golf's popularity in the betting world has surged, largely due to the participation of high-profile athletes. 

Superstars like Scottie Scheffler, Xander Schauffele and Nelly Korda are expected to attract significant betting interest, especially give their ongoing success on the tours this season.

 

Tennis serves up excitement

The Olympic tennis tournaments, which take place at the iconic Roland Garros, will see familiar faces like Carlos Alcaraz and Iga Swiatek competing. These big names are draw the focus for Olympic bettors.

 

Football sees a surge in betting activity

Spain's recent Euro 2024 victory sparked an unprecedented surge in betting activity across Olympic football events.

This was also helped by a lack of domestic club football across Europe, with most 2024/25 seasons starting after the Olympics has finished. 

Though some of the major names will not be playing in the tournament, due to age restrictions, football still draws a big crowd and a lot of bettors.

 

Conclusion

At the 2024 Paris Olympics basketball and golf have emerged as frontrunners in the Olympic betting markets, with tennis and soccer not far behind. With high-profile athletes across these sports competing, the betting action is intense.

For those looking to make informed betting decisions, Smart Betting Guide offers a comprehensive resource for sportsbook reviews and betting tips.

Their expert insights and analysis can help you navigate the complex world of Olympic betting and potentially increase your chances of success. Head to Smart Betting Guide today to enhance your Olympic betting experience.