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All legal US bookies and even international Bball bookmakers will have excellent coverage of games. You can be certain that you can bet on all major basketball competitions, no matter which sportsbook you visit. And when we talk about significant basketball competitions, very few can compare to the Olympic Games.
Basketball has been an Olympic medal event since 1936 and will continue to be a part of the Summer Olympics for years so if you want to learn the best Olympic basketball betting sites.
Finding a sportsbook that will accept your Olympic basketball bet is extremely easy because almost all online sportsbooks offer at least some coverage of the Olympic basketball games. But while you won’t struggle to find a bookie that will offer Olympic basketball betting lines, it’s important to pick the right one.
Welcome offersFast payouts24/7 supportVIP programLive gamesMany bonuses24/7 supportSuperb promotionsEsports offers24/7 supportWelcome offersMobile appsLive bettingMany sportsFast payoutsBefore you pick a sportsbook, you have to check whether it has good Olympic basketball betting odds, whether its coverage is good enough – with enough wagering markets – and if the bookie is trustworthy, legal, and regulated. If you locate a bookie that checks those marks, you’ve found a solid sportsbook.
You should also watch any promotions, offers, or free bets the bookies might have. It is not as important as the odds quality, but it never hurts to bet on a sportsbook that can provide you with promotions and bonuses.
Betting on basketball, especially at the Olympics, can be highly entertaining, and there is no shortage of people who want to do it. And yet the Bball bookmakers have to fight to gain the attention of basketball bettors who will come to their platform and wager there – and the best way to do it is by providing bonuses, promotions, and various other offers.
As a result, you can rest assured that most sportsbooks will have some promotions ready every time the Olympics are on, which can come in many shapes and sizes. From free bets to special odds boosts, extended in-play betting markets, reload bonuses, accumulator bonuses, etc.
The selection of basketball promotions is seemingly endless. Still, some bookmakers provide better offers than others, so it’s wise to check what proposals a bookie can offer you before making an account. Still, you should always prioritize the qualification of the Olympic basketball betting odds and the market accessibility.
Basketball Olympics odds are posted on all top legal US sportsbooks, international bookmakers, and all reputable online bookmakers. That’s expected for one of the world’s most prestigious basketball tournaments, but while the odds are available almost everywhere, you should know they’re not the same on all sportsbooks.
Often, you will find 2 bookmakers price the same game with different odds. For example, 1xBet can have the USA priced at 1/2 to defeat Brazil, whereas FanDuel’s USA Olympic basketball team betting odds could show 4/6. The same principle applies to all other sports or tournaments. Further, it proves that holding accounts with multiple bookies has its advantages: finding and betting with better prices.
You need to know how to read Olympic basketball odds, but that will come easy for anyone who has placed a bet on basketball before. It’s also worth noting that the latest odds on Olympic basketball might be written in one of the 3 formats – decimal (1.5), Fractional (4/6), or American (-155). But you only need to know how to read one since all sportsbooks allow you to change the odds format on their site.
There are many ways you can approach betting on Olympic basketball, but first, we’ll touch on 2 categories that allow you to bet on separate special teams, albeit with the same wager types and in the same way. We’re, of course, talking about the ability to bet on men’s or women’s teams and players.
Betting on the men’s Olympic basketball team is the most common way punters approach betting on Olympic basketball, and it’s very straightforward. All you need to do is navigate to the Olympic men’s basketball odds, pick the wager you want and place your bets.
There are no special tactics on how you should approach betting on men’s teams compared to how you would bet on women’s teams, and very rarely will you find any promotions exclusively available for men’s basketball. But know that since betting on men is more popular, you can expect higher limits.
Of the 2, the men’s Olympic basketball tournament is the most popular, a trend prevalent across most sports. But that doesn’t mean that there are any disadvantages to betting on women’s basketball.
You might be able to find more value when looking through Olympic women’s basketball odds since the markets will be much more volatile due to lesser liquidity. That comes with lower limits, but that shouldn’t bother you unless you’re a high roller.
It is also why many punters prefer betting on women’s basketball, as it can be easier to find great bets. Know that this is not a rule but rather something you might encounter. You should bet on what you like and, most importantly, the game you feel most confident in.
Now that you can easily bet on men’s or women’s Olympic basketball, it’s time to look at what bet types are available to you. And like with any other form of basketball betting, there are many to choose from, yet only a few stand out as the most popular.
Using the moneyline is the simplest way to approach placing a bet on Olympic basketball. With it, you’re betting on the team’s chances to win a particular game, so you’re essentially just placing a wager on which team you believe will win.
It doesn’t matter how much a team wins or how they do it; the only thing that matters is the final result. While betting on the moneyline is the most popular, the moneyline odds tend to be more skewed and sometimes don’t offer as good betting opportunities.
That is most noticeable when you have a match between strong favourites and complete underdogs. For example, in a game between the USA and Australia, 22Bet would price the USA team at 1/10 and Australia at 13/2.
In this example, a $100 bet on the USA would only earn you a $10 profit. So even though the USA is highly likely to win, there are other ways to increase your profit betting on them, most notably with point spreads.
Point spread (or handicap) betting is similar to moneyline, but it offers a lot more flexibility when picking your wagers, and it comes into play in matches featuring 2 teams that are not equal.
The point spread is essentially a way for the bookmakers to even the playing field between 2 teams that aren’t of the same calibre. In the example above, the USA is significantly stronger than Australia, so the oddsmakers will level the playing field by offering a negative point spread on the USA and positive points spread on Australia.
In this example, a bookie would offer a +16.5 spread on Australia and a -16.5 spread on the USA since it believes the USA is 16.5-points stronger than Australia. Know that the Olympic basketball betting line (or the offered spread) won’t be the same and will change depending on the perceived strength of the teams.
In this example, you can bet on the USA with -16.5 points spread if you believe that the USA team will win with at least 17 points to spare. Alternatively, you can bet on Australia with a +16.5 spread if you think they’ll win, draw, or not lose by more than 16 points.
The Olympic basketball betting line odds will always be set at 10/11 (1.90 or -110), meaning you will have to risk $110 to earn $100. Luckily, alternative points are spread, allowing you to bet on whichever handicap you want.
Total Points (or over/under) offers an alternative way of betting on Olympic basketball. Instead of predicting which team will win, the over/under focuses on the total number of points in a game.
Know that totals can also be used for any other statistic in a game (fouls, outs, technical fouls, 3-pointers made, etc.), but it’s most commonly used for betting on the total number of points. The sportsbooks will set a number (or line) that they believe correctly shows how many points the teams should score in any given match, and then you can decide whether the actual score will be higher or lower than the presented line.
It’s a very simple concept, as you’re only wagering on whether the combined score in a game will reach over or under the presented number. Like points spread, the Olympic basketball betting line wagering odds on totals will be set at 10/11 (1.90 on EU bookies or -110 with vegas odds), meaning you need to wager $110 to profit $100.
Similar to the points spreads, totals offer alternative lines, giving you more flexibility to pick your bets.
Futures or future bets are single wagers you make on an event that will happen in the future, and most commonly, this bet type is used to predict which team will win the title. So if you’re looking for Olympic basketball futures, you can easily find them under the Olympic basketball gold medal odds.
Future bets in Olympic basketball work the same way as futures on any other sporting event – Super Bowl, NBA, and UEFA Champions League. Moreover, futures are very popular amongst bettors, mainly because the odds are generally very generous and can easily reach double digits.
We have covered all the basics about betting on Olympic basketball, where to find the best odds, and which bets are available to you. You’re almost ready to start betting on Olympic basketball with all that knowledge, but we still need to cover a few more things.
Before we get into the final part of our article, let’s summarise everything we have learned and look at a step-by-step guide of what you need to know and do to succeed in betting on basketball.
Live betting (or in-play betting) is easily one of the most exciting ways to approach wagering on Olympic basketball or any other sport or tournament. As the name would suggest, in-play betting is wagering on games while they happen, offering an alternative way of betting on your favourite sport.
If you want to bet in-play, you need a few things:
In-play betting is mostly reserved for the more experienced bettors with excellent knowledge of the sport, teams, and players. With live betting, you need to make decisions in a split second, and you can only achieve that if you know what you’re doing. That might sound like live betting is exclusive to experts, which isn’t necessarily the case.
Anyone can bet in-play and profit from it; realistically, it doesn’t take a lot to get good at it. But if you want to test out live betting, ensure that your sportsbook offers in-play odds and live streaming options. Live betting will be impossible or extremely difficult without either of the 2.
If you don’t want to bet in-play, you can always take the more traditional route and wager on the pre-match markets. This approach isn’t necessarily worse and is much easier to execute since you have a lot more time to find good betting picks.
However, it still requires you to invest time to look over all the available data, team news, statistics, trends, and everything that can help you make smart betting picks. It might sound like a tedious task, and it is, but there’s a shortcut.
The best and easiest way to get a hold of valuable information about the next match that will help you place wagers is by listening to betting experts and reading through their previews of the games. Most betting previews will also have wagering predictions, picks, and tips that you can trail – or you can use the betting previews as a source of information to make your own decisions on what to bet on.
As our article draws to a close, it’s time to look at some interesting facts about Olympic basketball and Olympic basketball betting you might not know about.
That concludes our article, providing everything you need to know about betting on the Olympic basketball tournament. Now, equipped with all that knowledge, you’re ready to choose a bookmaker, visit the best betting sites and start wagering on basketball!
