With over 32 summer sports events, the Paris Olympics 2024 is anticipated to be held from July 26 to August 11. Expect a showcase of sportsmanship, passion, and talent as participants represent their country as there are over 329 medals to be awarded.
If you want to take your Olympics viewing experience to the next level, consider sports betting at a renowned and reliable betting website. How can you bet on the Olympics and maximise your experience to the fullest? Here is a complete Olympics betting guide that focuses on how to choose among the many Olympics betting sites online.
How to choose a reputable Olympic betting site
Considering the prestige and popularity of the Olympics, you will find hundreds of Paris Olympic betting sites online. To choose from the huge selection of sports betting sites, there are specific criteria to consider. These are:
Security
Security is one of the most important factors to consider in Paris Olympics betting. Choose a sportsbook that has all the necessary licences to operate within your jurisdiction. This includes a gambling licence from a recognised authority like Curaçao eGaming or the UK Gambling Commission. By doing so, you are assured that the platform is operating within legal means.
You can also check if the site uses SSL (Secure Sockets Layer) encryption. This technology protects all the personal and financial information you provide on a platform. A site that uses SSL encryption will display ‘https://’ in the URL and a padlock icon in the address bar.
The best way to look for a secure and credible sportsbook is by reading user reviews and customer feedback on internet forums or review sites. Look for consistent reports of fair play, timely payouts, and responsive customer support. These are all signs of a trustworthy and secure sports betting platform.
Interface
If the site is difficult to navigate or find a specific sport or bonus, the experience can become frustrating. With this, choose a crypto sports betting site with a user-friendly interface. User-friendliness extends beyond just the overall look of the site as it should also take into account the user journey from start to finish.
The sign-up process on the site should provide clear and simple steps, making it easy for new users to register and get started. It is ideal if the site offers smooth functionality, allowing you to seamlessly navigate and access important features. This includes easy access to the deposit section, the betting page, and the help/support resources.
Mobile compatibility
Many punters look for the convenience of online crypto sports betting and monitoring the results of their wagers on the go. This explains the huge boom of mobile sports betting.
When choosing an Olympics betting site, it would be ideal if you could access the platform through your smartphone or tablet. This is only possible if you choose a bookmaker that is optimised and compatible with handheld devices.
Customer support
The best Olympics betting sites emphasise customer satisfaction. This means providing top-quality service so their customers don’t encounter any issues while betting on the site. The key to this is having an active customer support.
The site’s customer support team should be responsive and willing to help with any queries or concerns you may have regarding your betting experience. It is also best if they are available 24/7 and are accessible through different communication channels.
Sports events offered
When looking to bet on Olympic games, it’s important to ensure the site offers a wide variety of betting options. The bookmaker should have the Olympic events you’re interested in betting on available on their platform.
Beyond that, consider the range of betting markets the sportsbook offers. The more diverse the available markets are, the more betting opportunities you’ll find that align with your strategy and preferences. A sportsbook that provides an expansive selection of betting markets is generally preferable.
Bonuses and promotions
These are an integral part of the sports betting experience so it is crucial to take this into account when choosing a bookmaker. Maximising the available bonuses and promotions can greatly enhance the overall experience, especially when you bet on the Paris Olympics. With this, look at sites that offer enticing bonuses like free bets and deposit matches.
In addition, choose a sportsbook that offers ongoing promotions like cashback, loyalty rewards, and special event bonuses. These can help boost and enhance your betting journey in the long run.
Don’t forget to carefully read the wagering requirements associated with these bonuses. Through these, you can learn how they’re only available for a limited period and how much you have to bet before you can withdraw the bonus.
Odds and payouts
Beyond just the excitement of watching the Olympics and placing bets, your main goal is to win big payouts. To improve your chances of winning, it’s important to look at the Paris Olympic odds and payouts offered by the sportsbook. Better odds and higher payouts mean you have a better shot at winning bigger prizes.
The odds represent the level of risk versus the potential return offered by the sportsbook. To get the most optimal betting experience, you can compare the odds between different betting sites. Choose a sportsbook that provides the best and most competitive odds compared to other options.
Types of bets available for Olympic games
The Olympics have always been a popular event among bettors. Here, you can explore various betting markets across the different Olympic games and place wagers. But with so many events, it can be overwhelming to know where to start.
To give you an idea, here are some of the most common bet types:
Moneyline bets
Moneyline bets are the most basic type of Olympic sports bets as you simply have to bet on which team or athlete you think will win the game. Just look at the underdog team/player (the one expected to lose) and the favourite team/player (the one expected to win).
If you bet on the underdog team/player, you can win more money but success is less likely. On the other hand, if you bet on your favourite team, you’ll win less money, but it’s more likely they will win the game.
Over/under bets
Over/under, also known as totals bet, is another type of bet which is easy to understand even for new bettors. The main concept of over/under bets revolves around the line set by the sportsbook.
This line consists of the total number of points, goals, or runs to be scored in a game. You have to bet on the totals and decide if the score will be lower (backing the lower) or higher (backing the higher) than what the sportsbook set.
Point spreads
This type of bet is especially prominent in Olympic football but can also be used in other sports like baseball and basketball. A point spread is the difference between two teams’ expected final scores in any given match.
The key concept behind this type of bet is to wager on whether a team or player will exceed the point spread established by the sportsbook. They identify the favoured and underdog participants in the game and set the spread accordingly to facilitate this betting approach. As mentioned, betting on the favoured side increases the chances of winning, but provides a lower potential payout.
If you place a bet based on the point spread on a favoured team or player, you are wagering that they will win the game by a margin greater than the established spread. Conversely, if you back the underdog, you are betting that they will either win outright or lose by a smaller margin than the bookmaker’s spread.
Props betting
In Olympic sports betting, prop bets are considered one of the most fun bet types. Prop bets, short for propositional bets, involve betting on specific occurrences within an Olympic event, rather than directly on the overall outcome.
It has three different types, which are player, game, and novelty bets. Prop bets feature various markets on each of its types as well. For example, player prop bets can let you bet on which country will win the most medals. It can also be as simple as a ‘yes’ or ‘no’ betting.
Bonuses and promotions on Olympic betting platforms
To entice more punters to their betting sites, platforms will offer various betting bonuses and sports betting promotions. By opting in, you can enjoy various betting rewards such as free bets, cashback, and more.
Here are some of the most common bonuses and promotions you may encounter when Olympics betting:
Welcome bonus
This is one of the most common bonuses that new players can claim after creating an account and making their first deposit. A welcome bonus typically comes in the form of matched deposit offers, where the bookmaker will match a certain percentage of your initial deposit, up to a specified maximum amount.
For instance, a bookmaker may offer a 100% welcome bonus of up to 2000 USDT. This means that if you deposit 2000 USDT, the bookmaker will provide an additional 2000 USDT in bonus funds, giving you a total starting balance of 4000 USDT. These bonus funds can then be used to place bets and potentially win more.
Cashback rewards
Even during periods when you hit a streak of bad luck when Olympics sports betting, you can still take advantage of cashback offers. This bonus type offers a refund on a percentage of your losses. It aims to minimise your potential losses and keep you motivated to continue placing bets.
A bookmaker may offer a 10% weekly cashback on losses, up to a certain limit. If you happen to lose 1000 mBTC over a week, you would be eligible to receive a 100 mBTC cashback incentive at the end of that period. The cashback bonus helps offset some of the financial sting associated with experiencing a run of bad luck.
Free bets
Free bets are bonuses that let you place wagers without using your own money. Bookies often give these out as part of special offers or for being a loyal bettor on their site. When you get a free bet, you get a set amount of bonus money that you can use to make bets for free. If those bets win, you can get real money payouts.
Reload bonus
This bonus gives you extra money to use when you deposit more funds into your betting account. Reload bonuses are often available on certain days or as part of regular promotions. When you make a deposit that qualifies for the reload bonus, the site will give you a bonus amount on top of your deposit.
The percentage of the bonus and the most you can get varies depending on the specific promotion and the site’s terms. For example, a reload bonus may be a 75% bonus on your deposit, with a maximum bonus limit of 225 mBTC.
Loyalty program
Top sports betting sites frequently offer loyalty programs, which are promotion-based systems that regularly reward active players. There are various types of loyalty programs with different requirements for earning points that can then be redeemed for rewards.
VIP programs
Mainly designed for high-roller players as a gesture of gratitude for their loyalty and trust, VIP programs offer the most exclusive and top-tier rewards available on the site. As a VIP , you can enjoy a range of enhanced benefits and personalised services.
Some of the perks that VIP members may enjoy include:
- Higher betting limits: VIP members are entitled to higher betting limits. This means you can place larger bets compared to regular bettors, which can lead to larger payouts.
- Invitations to special events: The benefits for VIP members extend beyond the betting platform. You can receive special invitations to exclusive events, such as sports events or tournaments. These events allow you to connect with the sportsbook, meet fellow VIPs, and enjoy unique privileges and perks.
- Dedicated VIP manager: The VIP manager will help you in managing your betting account. They will provide support and guidance throughout your betting journey, analysing which bonuses and bets are most suitable for you. The VIP manager can also handle specific requests to ensure you receive a high level of service.
- Exclusive promotions: Bookmakers offer exclusive promotions to VIP members. These may include enhanced odds, higher deposit bonuses, and cashback offers. This can provide more value to encourage continued betting and the pursuit of more wins.
Price boosts
Price boosts are a common promotional feature offered by many sportsbooks. They involve temporarily enhancing the odds on specific events or outcomes, providing bettors with increased potential payouts.
The purpose of price boosts is to incentivise betting on selected markets by making them more lucrative for punters. Sportsbooks may offer price boosts on popular events, such as major sporting competitions, to attract additional wagers.
These boosted odds are typically available for a limited window of time, often hours or days before an event. The sportsbook will specify the duration for which the enhanced prices are in effect.
Payment and withdrawal methods on betting sites
To ensure that their site is accessible to many players, sports betting platforms will offer a wide range of payment and withdrawal options. Whether you prefer bank transfers or cryptocurrencies, it is crucial that you understand the available options. This is so you know how to withdraw your winnings or deposit funds into your account.
Bank transfers
Bank transfers are one of the most widely accepted payment methods on sports betting sites. This method allows users to directly transfer funds from their bank accounts to the betting platform.
Bank transfers offer familiarity and convenience for many bettors. The main drawback is that transactions may take several business days to complete. Also, every detail of the transaction is visible to the central financial authority, overseeing the transfer.
Cryptocurrency
These are digital currencies that use blockchain technology to enable decentralised payment transfers. Crypto has undoubtedly become one of the most popular payment methods as it offers fast transaction speeds, enhanced security, and lower fees.
Here are some of the most popular crypto payment options available on sports betting sites:
Bitcoin (BTC)
Bitcoin is the world’s first and largest crypto. It holds a special place in the hearts of the crypto community and has carved out a niche within the online gaming industry. Known for its decentralised nature and peer-to-peer transaction model, BTC offers an anonymous and secure environment for players in crypto-based casinos.
The widespread popularity of BTC has led to its widespread adoption, making it a staple payment option. With its blockchain technology and rapid transaction speeds, BTC provides a convenient and trusted way to engage in your favourite games with zero interruptions.
Ethereum (ETH)
Right behind BTC is ETH. This coin has made massive waves in the crypto world due to its smart contract functions and blockchain infrastructure. As the second-largest coin by market capitalisation, ETH has garnered immense success among online casino operators and players alike.
ETH’s smart contract allows for more complex and interactive gaming experiences, as developers can build decentralised applications (dApps) directly on the ETH blockchain. This has resulted in an influx of ETH-based casinos which allowed a diverse user base to engage in provably fair gaming and enjoy faster and more cost-effective transactions.
Tether (USDT)
Tether is one of the most popular and widely accepted coins in the world of crypto casinos. This is thanks to its unique features as a stablecoin. This means its value is pegged to that of a fiat currency, most commonly the US dollar (USD).
This is what sets it apart from other coins whose value can change due to market fluctuations. While BTC and other digital coins can experience huge price swings, USDT remains relatively stable. This stability makes Tether an attractive option for players who wish to avoid the risk of losing their funds due to sudden market volatility.
Dogecoin (DOGE)
Initially created as a lighthearted meme-based crypto, Dogecoin (DOGE) has evolved into a popular digital coin. DOGE’s low transaction fees and fast block validation times have made it an appealing option for crypto-focused casinos.
Despite its playful origins, DOGE’s user-friendly and approachable image has resonated with players. This has led to its integration as one of the go-to payment options for many online casino platforms.
Ripple (XRP)
Ripple is notable in the crypto space for its focus on facilitating cross-border payments and remittances. Its consensus algorithm and payment protocol have attracted the attention of many online casinos.
These allow XRP to process large transaction volumes efficiently. With this, more crypto casinos are integrating XRP into their payment systems, enabling near-instant deposits and withdrawals with low fees.
Tron (TRX)
Tron (TRX) has emerged as a popular blockchain platform focused on decentralised entertainment and content-sharing apps. Its low transaction costs have made it one of the best payment options to take advantage of. With TRX, users can benefit from swift transactions and access a diverse range of gaming options.
Litecoin (LTC)
Litecoin (LTC) is often referred to as the ‘silver to Bitcoin’s gold’. Created as a fork of BTC, it offers faster transaction times and lower fees, making it an ideal choice for players prioritising speed and efficiency.
LTC’s growing acceptance in crypto casinos is due to its strong community support and reliability. Its faster block confirmation times provide instant deposits and withdrawals, contributing to its popularity among online players.
E-wallets
Another payment option available at sports betting sites is e-wallets. These are digital wallets where funds are stored electronically. Many use them for their speed and convenience. You can link your e-wallet to your bank account or transfer money directly from it.
Credit/debit cards
Credit/debit cards stand as a popular payment option next to cryptocurrencies. On most sports betting sites, major card networks like Visa, Mastercard, and American Express are widely accepted. This provides players with a familiar and trusted way to fund their gaming accounts.
Although transaction speeds may not be as instant as e-wallets or crypto, card payments still offer a reliable and accessible method for making deposits and withdrawals at internet-based gambling platforms.
Best sports betting sites for the Olympics
What will make or break your Olympics betting experience will be the sports betting site you choose. With this, you must research a platform before you register an account.
Here are some of the top Olympic sports betting sites to consider:
Sportsbet.io
Sportsbet.io is a top choice for Olympic sports betting. It provides an intuitive and user-friendly platform, as well as valuable resources like blogs and guides to help you make informed decisions. Sportsbet.io also offers a variety of bonuses and promotions that can enhance your overall betting experience.
Here are some features you can expect at Sportsbet.io:
- Clubhouse:io’s Clubhouse offers exclusive access to special offers, rewards, and sports updates to assist you in making informed betting decisions. This includes features such as Clubhouse TV, Clubhouse News, Clubhouse Podcast, and Clubhouse Socials. These provide expert insights and commentary to help you stay up-to-date on the latest sports events.
- In-play betting: io offers an exhilarating betting experience with its in-play betting feature. Also known as live betting, this allows you to place wagers on sporting events that are currently underway.
- Price boost: io’s Price Boost promotion allows you to maximise your winnings through enhanced odds, increasing your chances of success. To take advantage of this feature, you can activate the Price Boost feature to various sports categories and available markets.
Gamdom
Gamdom is another top online sportsbook for your Olympic sports bets. Here, you have access to highly competitive odds that are comparable to top choices in the market. Aside from this, expect to see a wide range of betting markets.
Here are some Gamdom features you can enjoy on the site:
- Quick bet: Gamdom’s Quick Bet feature allows for fast and effortless betting. Users can simply pick the sport, choose the betting market, enter the desired amount, and click ‘Place bet’.
- Favourites: With this feature, users can stay up-to-date with popular tournaments as it enables convenient tracking of preferred events. This allows users to quickly navigate to their favourite tournaments when placing bets.
- Promotions and bonuses: Gamdom offers rewards for continuous betting, including instant rakeback, daily surprises, free spins, and giveaways on the site’s social media platforms.
BC.GAME
BC.GAME started as a casino-focused platform and has since expanded to include sports betting. The site offers a user-friendly sports betting interface, making it suitable for casual bettors.
What it stands out the most for is its exceptional promotions. They boast some of the most appealing sports betting bonuses among virtual currency bookmakers.
Here are some features to look out for in BC.GAME:
- VIP Club: GAME’s VIP Club offers a wide range of perks and promotions to its members. Upon sign-up, users receive a VIP Card starting at the bronze level. By playing regularly, users can advance through the VIP ranks and reach the SVIP tier (Diamond III). The more a user plays, the greater the luxury benefits they will receive.
- Schedule: This feature lists all upcoming events chronologically, making it easy to plan and track matches of interest.
- Top matches: The top matches feature presents trending matches based on popularity and sports category, helping you discover the most anticipated games.
- Betslip: The Betslip, located at the lower left corner, allows you to conveniently manage your bets, adjust stakes, and review your wagering choices.
Stake
Stake is one of the most popular casino and sportsbook platforms that specialises in digital currencies. It offers a user-friendly sports betting interface, enabling seamless browsing and bet placement. Here, you can enjoy various features for your Olympics sports betting sessions such as:
- Starting soon: Stake’s ‘Starting Soon’ tab allows users to place bets on sports matches before they begin. Users can browse the available events and adjust their bets both before and during the event.
- Live event betting: This feature allows easy access to the available live sports matches for betting. Users can simply select an event and place a bet. Additionally, users can make timely adjustments to their wagers before the event ends.
- VIP Club: Stake offers a comprehensive VIP Club that provides exclusive rewards and bonuses. Users can climb the tiers to enjoy even greater incentives. The VIP Club also includes various perks such as a dedicated VIP host, weekly boosts, and recent play bonuses
Maximise your Olympic sports betting experience with the right platform
By choosing the right Olympic sportsbook, you can enjoy a rewarding and satisfying betting experience. Make sure to consider the criteria mentioned above for choosing a reputable and reliable platform.
Also take note of the different types of bonuses and promotions you can take advantage of. These can provide a significant boost to your bankroll and overall Olympic sports betting experience.
Just make sure to carefully review the terms and conditions associated with any bonus offer. Understanding the wagering requirements and any time or bet restrictions can help you maximise the value of the bonus funds. This helps you effectively integrate it into your Olympic sports betting strategy
Frequently Asked Questions
Do you still have questions about Olympic sports betting? Learn more with these FAQs:
What is the best crypto sports betting website for the Paris Olympics 2024?
Sportsbet.io stands out as a top crypto sportsbook for your Olympic sports bets.
What types of bets can I place on the Paris Olympics 2024?
There are tons of types of bets you can choose from. The best ones are moneyline, over/under, and point spreads.
What payment methods are accepted for betting on the Paris Olympics 2024?
The available payment methods depend on the sportsbook. The most common ones you’ll encounter are crypto, debit/credit cards, and bank transfers.
Can I bet on the Paris Olympics 2024 live?
Yes! Most online sportsbooks offer live betting options for the Olympic games.
Image Source: unsplash.com
