Olympic Betting Australia

Looking at betting on the Paris 2024 Olympics? Our experts give you the best bookmakers, countries favoured to win and the Australian athletes likely to win Gold at Paris 2024!

Olympic Betting Sites

Countries likely to win

Aussies likely to win Gold

Countries Likely to Win Medals

Written by:

Jimmy Mason,

Editor & "AFL Tipster"

Fact checked by:

Mason Kelliher,

Editor-in-Chief

Last Updated:

Aug 28, 2024

Update: The Olympics are all done and dusted, but in case you wanted to peruse on the odds at the time, and previous Olympic results in preparation for your 2028 LA betting campaign, we've left this page as it is.

Previous Summer Olympic Results
Australia at Previous Olympics
Our Tips

Countries To Win Gold Medals

Country	Most Gold Medals Best Odds	Over Golds (Odds)	Under Golds (Odds)
USA	1.22 at Palmerbet	Over 39.5 (1.75) Unibet	Under 39.5 (1.95) Unibet
China	3.50 at Palmerbet	Over 34.5 (1.72) Palmerbet	Under 34.5 (2.00) Unibet
UK	176.00 at Palmerbet	Over 16.5 (1.88) Palmerbet	Under 16.5 (1.88) Palmerbet
France	67.00 at Palmerbet	Over 24.5 (2.30) Neds	Under 24.5 (1.65) Unibet
Australia	176.00 at Palmerbet	Over 13.5 (1.78) Sportsbet	Under 13.5 (2.15) Palmerbet

We compare the best odds for each country across all betting sites. Last updated 2/8/24.

Most Medals Totals

Country	Most Medals Best Odds	Over Medals (Odds)	Under Medals (Odds)
USA	1.05 at TAB	Over 121.5 (2.00) Unibet	Under 121.5 (1.72) Unibet
China	10.00 at Palmerbet	Over 87.5 (1.95) Unibet	Under 87.5 (1.75) Unibet
UK	51.00 at TAB	Over 62.5 (1.95) Unibet	Under 62.5 (1.75) Unibet
France	176.00 at Palmerbet	Over 53.5 (1.65) Unibet	Under 53.5 (2.10) Unibet
Australia	151.00 at TAB	Over 47.5 (1.88) Neds	Under 47.5 (2.10) Unibet

We compare the best odds for each country across all betting sites. Last updated 24/7/24.

Previous Summer Olympic Winners

Year	1st Place	2nd Place	3rd Place
2024 Paris	🇺🇸 USA 🥇 - 40 🥈 - 44 🥉 - 42	🇨🇳 China 🥇 - 40 🥈 - 27 🥉 - 24	🇯🇵 Japan 🥇 - 20 🥈 - 12 🥉 - 13
2020 Tokyo	🇺🇸 USA 🥇 - 39 🥈 - 41 🥉 - 33	🇨🇳 China 🥇 - 38 🥈 - 32 🥉 - 19	🇯🇵 Japan 🥇 - 27 🥈 - 14 🥉 - 17
2016 Rio	🇺🇸 USA 🥇 - 46 🥈 - 37 🥉 - 38	🇬🇧 UK 🥇 - 27 🥈 - 23 🥉 - 17	🇨🇳 China 🥇 - 26 🥈 - 18 🥉 - 26
2012 London	🇺🇸 USA 🥇 - 48 🥈 - 26 🥉 - 30	🇨🇳 China 🥇 - 39 🥈 - 31 🥉 - 22	🇬🇧 UK 🥇 - 29 🥈 - 18 🥉 - 18
2008 Beijing	🇨🇳 China 🥇 - 48 🥈 - 22 🥉 - 30	🇺🇸 USA 🥇 - 36 🥈 - 39 🥉 - 37	🇷🇺 Russia 🥇 - 24 🥈 - 13 🥉 - 23
2004 Athens	🇺🇸 USA 🥇 - 36 🥈 - 39 🥉 - 26	🇨🇳 China 🥇 - 32 🥈 - 17 🥉 - 14	🇷🇺 Russia 🥇 - 28 🥈 - 26 🥉 - 36
2000 Sydney	🇺🇸 USA 🥇 - 37 🥈 - 24 🥉 - 33	🇷🇺 Russia 🥇 - 32 🥈 - 28 🥉 - 29	🇨🇳 China 🥇 - 28 🥈 - 16 🥉 - 14
1996 Atlanta	🇺🇸 USA 🥇 - 44 🥈 - 32 🥉 - 25	🇷🇺 Russia 🥇 - 26 🥈 - 21 🥉 - 16	🇩🇪 Germany 🥇 - 20 🥈 - 18 🥉 - 27

Our Olympic Tips

Mason Kelliher - Editor-in-Chief

5/6/2024

"Coming into the 2024 Summer Olympics, the bookmakers have given us odds on Most Gold Medals, Most Medals Total, and also Over/Under markets for both.

One of the most eye catching ones I noticed was USA Total Medals line to be at 121.5 (over/under). Looking at the table above, we can see that in the past 30 years, the most medals USA has accumulated at one Olympics was 121 - back at 2016 Rio.

So even at their best performance, they still did not reach this amount, and even further away at the most recent Olympics".

Best odds for USA to receive less than 121.5 medals is 2.00 at Unibet.

"Another bet that I like from the early odds released, is the over/under line for Australia to win 13.5 Gold Medals. As per the table below and since 2000, Australia have only dipped under 13.5 medals once, which was back at 2016 Rio (8 Golds).

From all the Aussies likely to win Gold that we have analysed, we predict that there are 11 individual events (and 8 different athletes) where Australian's are the best in the world and are a lock to take out the Gold.

Of course, they may have an off day and not win, but that's not taking into account the other top rated Aussies worldwide (#2, #3 etc.) who may sneak themselves a gold from strong competitors. It will surely be happening both ways, but we are being conservative. The other event's we did not take into account are the team swimming, and with how strong our women swimmers are this year (and always) - I think there will be 3-4 golds come from there also.

I'm predicting 15+ Gold Medals for Australia".

Best odds for Australia to receive more than 13.5 gold medals is 1.75 at Unibet.

Australia's Medal Count at Previous Olympics

2024 Paris	🇦🇺 Australia (4th Place) 🥇 - 18 🥈 - 19 🥉 - 16
2020 Tokyo	🇦🇺 Australia (6th Place) 🥇 - 17 🥈 - 7 🥉 - 22
2016 Rio	🇦🇺 Australia (10th Place) 🥇 - 8 🥈 - 11 🥉 - 10
2012 London	🇦🇺 Australia (8th Place) 🥇 - 14 🥈 - 15 🥉 - 17
2008 Beijing	🇦🇺 Australia (6th Place) 🥇 - 14 🥈 - 15 🥉 - 17
2004 Athens	🇦🇺 Australia (4th Place) 🥇 - 17 🥈 - 16 🥉 - 17
2000 Sydney	🇦🇺 Australia (4th Place) 🥇 - 16 🥈 - 25 🥉 - 17
1996 Atlanta	🇦🇺 Australia (7th Place) 🥇 - 9 🥈 - 9 🥉 - 23

Best Sites to Bet on the Olympics
Company	bonusText	Go to Bookmaker
#1 Unibet 4/5	Many Markets & Payment Options	Review Check Offer Go to Unibet
#2 Neds 5/5	Australia's Best Racing Bookie	Review Check Offer Go to Neds
#3 Ladbrokes 5/5	Quick Payments & Great Support	Review Check Offer Go to Ladbrokes
#4 Colossalbet 4/5	Reliable, Premium Service	Review Check Offer Go to Colossalbet
#5 PlayUp 4/5	Generous Bookie, Best Fixed Odds	Review Check Offer Go to PlayUp
#6 Sportsbet 4/5	Popular for Novice Punters	Review Check Offer Go to Sportsbet

FAQ

What time does the 2024 Olympics Start?

The 2024 Summer Olympics begin in Paris on Friday the 26th of July 2024. In Australia however, due to the time difference it is scheduled to start at 4:24am AEST. on Saturday 27th of July.

How long do the 2024 Olympics go for?

The Olympic Games will take place over 17 days in Paris, France. They begin on the 26th of July and ending on the 11th of August.

Can you bet on the 2024 Olympics?

Yes. Many bookmakers have early markets on the Olympics coming into the Summer Games, and there will be many more offering odds once the games begin.

Where can I bet on the 2024 Paris Olympics?

You can bet on the Olympics on any betting site you find on this page. The most popular betting sites for the Olympics are:

How many Australians have won a Gold Medal?

Coming into the 2024 Paris Olympics, there have been 167 Gold Medals won by Australians since the inception of the modern day Summer Olympics, back in 1896.

Aussie's have also won 177 Silver Medals and 213 Bronze Medals.

Who is predicted to win the 2024 Summer Olympics?

USA is favoured to win the 2024 Summer Olympics and has the shortest odds (by far) from all bookmakers offering odds on it. The US has won 6 of the last 7 games and have come 1st place 18 times, of the 28 Olympics.

The most recent time the US lost was back in 2008 at Beijing, when China took victory on home soil.

How many countries compete at the Olympics?

Countries do not compete at the Olympics, but athletes from National Olympic Committees (NOCs). At the 2024 Paris Summer Olympics, there will be 10,500 athletes competing from 206 NOCs.