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The best Olympics betting offers

Zuletzt aktualisiert & geprüft: 01.09.2021

Every four years, something exciting happens in the world of sport, a global festival of sporting action enjoyed by millions. We’re talking the Summer Olympic games. You can place wagers on this wonderful event with a host of bookmakers. But where to bet? Here’s our Olympics betting offers guide to get you started.

From free bets on the main event to Winter Olympics and Special Olympics betting lines, we’ll run through all the best sports betting options for you. So, whether you’re a fan of ice hockey, wrestling or the balance bars there’ll be a wager for you. Without further ado, let’s get started!

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Olympics betting offers: Things you have to know

You would think because the Summer Olympics are not due till 2020 it’s far too soon to think about betting, and in some respects you’re right. Olympics betting odds are scarce for the event. But just around the corner is the Winter Olympics in PyeongChang, South Korea, which promises to be an exhilarating spectacle.

What are the Olympics sports?

There are 33 sports to be played in the 2020 Olympics including diving, swimming, archery, baseball, canoeing and equestrian sports. You’ll also find many FIFA World Cup players in the football tournament. Stars such as Neymar, Ryan Giggs and Lionel Messi have all taken part in the event.

How does Olympics betting work?

Olympic Games

Placing a bet on Olympics betting is much like placing a bet on any other sporting event. You need to consider betting odds, players form and any sports betting bonus available on a bookmaker’s site. At OpenOdds we provide a betting comparison guide as well as many sports bonuses including bonuses with a cash out option and ones without betting limits from the best online bookmakers around.

There are many sports to bet on, so let’s use basketball as an example. The market for basketball betting is huge worldwide. In America, college sports are also wagered on, so don’t be surprised if you find college basketball bets on larger bookmaker’s sites. So how does this help with Olympics betting offers? Many of the players from these NCAA college tournaments will also go on to play at the top flight as professional basketball players or Olympians. It’s worth keeping an eye the NCAA games now, to help you when it comes to Olympics betting. Who knows, you may be placing a wager on these players in 2020, or in basketball betting Olympics 2024.

Finding a bookmaker that offers bonuses on basketball is easy on OpenOdds. Amongst many, we found William Hill, who give players £30 free once registering on their website and placing a qualifying sports bet. Basketball bets can be placed on wins, losses (with spread betting) and total points scored as an over/under bet. Ensuring you have good knowledge of the sport will help you choose the right bet for you.

How to bet on Olympics golf

You may not naturally think of golf when you consider the Olympics, but the sport was played as far back as 1900. 2016 saw the sport played for the first time since 1904, with separate events for male and female competitors. Great Britain won the male event and South Korea won the female event in Rio De Janeiro. The sport is again expected to be played in Japan in 2020 at the Kasumigaseki Country Club with Olympics golf betting available worldwide.

For some experience in betting in golf tournaments, you might want to try your hand at 2018 US Masters tournament betting. The tournament starts on the 5th April 2018. While it may have more players than the Olympics (156 as opposed to 30), the bet types are the same. You have the option of betting on the outright winner or placing an each-way bet on who will come 2nd and 3rd. Some of the biggest golfing names will take part in the tournament, too. Dustin Johnson and Jordan Spieth currently have the shortest odds in the US Masters, though opted not to take part in the 2016 Olympics. Perfect for gaining some betting knowledge before the Japanese event starts!

Different payment options available

Usain Bolt

To place a bet, you need to sign up with a bookmaker. Which bookmaker you choose will depend on lots of factors, but be sure to use a sports bonus too to maximise your cash. You can read reviews on the most popular bookmakers on OpenOdds site to make sure you make the right choice for you.

Once you’ve decided on a bookmaker, you need to sign up on their site and make a qualifying deposit. Each bookmaker has their own deposit methods, and some cannot be used to trigger bonuses, so make sure that you choose the right one. Here are the most commonly used deposit methods:

Credit and debit cards:

By far the most common deposit method, credit and debit cards add cash to your account instantly. However, some credit cards charge a transaction fee for using. Common cards include Visa, Mastercard and Visa Debit.


E-wallets allow online payments between two parties. You’ve probably heard of PayPal, but others include Neteller and Skrill. Traditional cash or Bitcoin can be transferred (subject to bookmaker’s acceptance).

Bank Transfer

Bank transfers are very secure, but can take 3-5 working days to process. Larger withdrawals are usually made in this way.

The best Olympics betting operators

Bookmaker Our
Max. WertBonus Type Details Get the Bonus
198 / 10010Bet £20 and get a £10 free betNew customers only. 18+. T&C’s Apply. begambleaware.orgNovibet bonus
18+ | UK new customers only | KYC verified | Max £10 free bet | Min bet £20 | Min odds 7/10 (1.70) | Free bet stake not returned | Certain Markets/sports/payment methods restrictions apply | Qualifying bet must be made within 30 days | Free bet valid for 30 days | T&Cs Apply | General Promo Terms Apply
297 / 1003079.5New customers only. 18+. T&C’s Apply. begambleaware.orgSTSbet bonus
18+. New depositing players on STSbets.co.uk only. Promotion from 11/02/2020 until further notice. First deposit min. £10. Qualifying bet: min. £10 accumulator bet with at least two selections with min odds of 1/2 (1.50) per selection. Bonus: 50% of the amount of the first bet. Max bonus £40. Min 6x wagering with bonus on min odds of 1/2 (1.50) before withdrawal. Deposit method restrictions. Bonus valid for 7 days. Full T&cs apply. BeGambleAware.org.
396 / 10030£30 FreebetNew customers only. 18+. T&C’s Apply. begambleaware.orgBetway bonus
New UK & Ireland customers only. Min Deposit: £10. First deposit matched up to £30. 1 x wagering at odds of 1.75+ to unlock Free Bet. Debit Card & PayPal deposits only. This offer is valid for 7 days from your new account being registered. Terms apply
492 / 10030Bet £10 get £30 free!New customers only. 18+. T&C’s Apply. begambleaware.orgWilliam-Hill bonus
New customers using Promo Code P30 only, min £10/€10 stake, min odds 1/2, free bets paid as 2 x £15/€15 (30 days expiry), free bet/payment method/player/country restrictions apply. *By entering the Promo code in the box above you agree to the full terms and conditions of this promotion as displayed below.
589 / 10020£20 Risk-Free-BetNew customers only. 18+. T&C’s Apply. begambleaware.orgSBK bonus
New customers only. Deposit £20 using Debit Card, bank transfer or Trustly. Up to your first £20 of losses will be refunded as CASH within 24 hours of qualifying bet having been settled.
687 / 100100£100 in bet creditsNew customers only. 18+. T&C’s Apply. begambleaware.orgBet365 bonus
New Customers only. Up to £100 in Bet Credits. Sign up, deposit £5 or more to your account and bet365 will match your qualifying deposit in Bet Credits when you place qualifying bets to the same value and they are settled. Min odds/bet and payment method exclusions apply. Returns exclude Bet Credits stake. T&Cs, time limits & exclusions apply.
786 / 10030Bet £10 Get £30New customers only. 18+. T&C’s Apply. begambleaware.org888 bonus
New customers only • Max Bet €5 • €10 deposit using promo code • Free bets are granted within 72 hours and expires after 7 days • Free bet stakes not included in returns • Deposit balance is available for withdrawal at any time. withdrawal restrictions & full T&C’s apply.
882 / 10010£10New customers only. 18+. T&C’s Apply. begambleaware.orgGrosvenor bonus
980 / 100£30Stake £10 get £20 in free betsNew customers only. 18+. T&C’s Apply. begambleaware.orgBetfred bonus
1075 / 10030£30 in Free BetsNew customers only. 18+. T&C’s Apply. begambleaware.orgPaddyPower bonus
New customer offer. Place a single £10 (or £5 e/w) Sports bet in the 13:45 York on Friday, 21st of August and get a £5 free bet for each of the subsequent race. Deposits using Credit/Debit cards or Apple Pay only. Free bets are only valid for the specified race and are awarded when the qualifying bet has been settled. Free bet stakes not returned with winnings. T&Cs apply.
1174 / 100£10Up to £10 on first depositNew customers only. 18+. T&C’s Apply. begambleaware.orgSmarkets bonus
1. Once the bonus is credited to your account, losses will be refunded up to the bonus amount. 2. You must deposit at least the qualifying deposit of £20 (or currency equivalent) in a single amount with your first deposit to be eligible for the rebate. 3. To withdraw rebated funds, you must bet at least the qualifying deposit on any combination of markets within the promotional period; otherwise rebated funds will be forfeited. 4. Unused bonuses expire after seven days of being credited to a user account and will be removed after this period. 5. Users making their first deposit by Skrill, Neteller, PayPal or a virtual/prepaid card will not qualify for this promotion. 6. The sign up offer is strictly limited to one per individual, family, household address, email address, same payment account number, and shared computer. 7. This promotion cannot be used in conjunction with any other sign-up promotion. 8. Smarkets standard terms for promotions apply.
1272 / 10030Get £30 in bonuses!New customers only. 18+. T&C’s Apply. begambleaware.orgBetVictor bonus
New Customers only. Deposit and place a £5 qualifying bet at odds of 2.00 or greater within 7 days of opening a new account; excludes cashed out bets. Receive 2x £10 Sports/Virtual Sports Free Bets, valid on set events only at odds 2.00 or greater, expires in 7 days, plus a £10 Casino Bonus, expires in 7 days. Wager the Casino Bonus 35x to withdraw winnings. Payment Cards only. Geographical Restrictions and T&Cs Apply.
1360 / 100100100New customers only. 18+. T&C’s Apply. begambleaware.orgPaddy-Power bonus
140 / 10020£20 welcome bonusNew customers only. 18+. T&C’s Apply. begambleaware.orgBetbull bonus

Olympics betting from A-Z

It’s 2020 and you’re watching the Olympics. Great Britain have made it to the final of the football tournament against Brazil and you’d like to place a wager. So how do you do it? The first thing you need to do is log on to OpenOdds and check out the odds on Great Britain. Two bookmakers offer the highest odds of 5/1 – Ladbrokes and Betfair. You research the bookmakers using the football sign up offers guide. Betfair is rated 91/100 whereas Ladbrokes scores 88/100. You come across a Betfair deal that gives you £20 back as a free bet when you deposit and bet £10. Ladbrokes offer a £50 free bet, but you need to spend £50 to get it. You choose the Betfair deal.

To claim the offer, you must be a newcomer to Betfair. You fill in the Betfair registration form and prepare to make a deposit. The offer is only valid if your deposit is made by credit or debit card. You whip out your Visa and top up your account with £10. There’s a runner up game for bronze place between Sweden and Germany, so you place your £10 deposit on Germany to win. Nothing gets past their sturdy back four after all. £20 is added to your account. You’re feeling patriotic, so spend this on a Great Britain win bet. Because the odds are 5/1, you’ll make £100 back if they win. Your initial stake is of £20 is not returned during free bets.

Betting on the Olympics? Where should you go?

With so many Olympics betting offers, it’s easy to get confused. That’s why we’ve scoured the bookmakers’ websites to find the best deals for you. Whether you’re an old hand at sports betting or a total amateur, you’ll find just the right place at the right odds too.

Option 1: Tipico


You may not be familiar with the name, but the German sportsbook has been around since 2004 and offers great in-play betting both online and through their mobile betting app. Perfect if you’re busy with work and family commitments. The real heart of Tipico betting is focussed around football. There are plenty of Bundesliga games to bet on as well as the Premier League and La Liga. Games can be followed live, but sadly, no streaming is available. What they lack though is made up for with their generous sign up bonus that gives new players up to €100 as free bets. Free bets have a playthrough requirement of the deposit and the bonus sum before winnings can be withdrawn, but this is in line with competitors. We’re sure you’ll agree that €100 is more than enough to get to grips with the upcoming bookie.

Option 2: Betfred


Betfred have been around for almost 50 years and have developed into a safe, secure, bookmaker. The Warrington based bookmaker is an advocate of responsible gaming, holding licences from the UK Gambling Commission and is a member of IBAS.

Unlike Tipico, the bookmaker offers live streaming of sporting events, allowing you to experience the thrills and spills of games as they happen. Odds are also updated quickly, allowing players to cash out as they need.

Betfred currently have an offer which gives players £60 back as free bets once you’ve placed your first bet of £10. The £60 is broken down into 2 bets, a £30 free bet for sports and £30 free bet for casino games. Bets can be placed on any sports, but not on Totepool bets. Each free bet has a 7-day expiry date, stretching your budget to accommodate other wagers.

Option 3: William Hill


The daddy when it comes to sports bets, William Hill has been around for many years and is a household name in the UK. With good reason, too. It’s rare that you’ll find a bookmaker with such a wide selection of sports covered; football, tennis, US sports and water sports can be found on their website. There’s also cricket and special bets, too. In fact, there are 27 different sports. The Olympics tournament will be found in this special area with each event having its own section.

What makes the brand so prestigious? It’s trustworthiness for one. If you’re looking for a bookmaker with a sterling track record, they’re hard to beat. They also claim the best odds around (always check odds on OpenOdds for the best deals). Their greyhound and horse racing odds in the UK and Ireland can’t be beaten on price. Perfect if you fancy a flutter.

open Betway accountt

Olympics betting explained

That’s it, you’ve reached the end of our guide on Olympics betting. We hope you’ve found it handy and will be able to use the information provided in it time and time again to help you bet on sporting events. We’ve found that like many sports, successful Olympics betting is a balance of knowledge and freebies. Understanding odds and player’s form and getting to grips with sporting events themselves is important. Couple this with free deposit bonuses to maximise your bankroll and you’ll be sure to experience the excitement of the Olympic games like never before.

Too many good offers?