Updated: August 02, 2021
Author: SportsBetting Team

2020 Tokyo Olympic Betting Odds Guide

The Olympics are the grandest of all sporting extravaganzas. The Olympic Games are the pinnacle of sports for any country and its athletes. The 2020 edition of the Summer Olympics are finally taking place in Tokyo, Japan after being postponed a year due to the global COVID-19 pandemic. A total of 11,324 athletes, representing over 200 countries from the world, will try to go for gold in 46 sports across multiple disciplines and events. We have created this guide on how you can get the best Olympic betting odds.

It is for the second time that Japan is hosting the Summer Olympics after the nation hosted the 1964 Games, also in Tokyo. With this, Tokyo becomes the only city in the whole of Asia to play host twice to the Summer Games.

The formal opening ceremony of the 2020 Olympics takes place on July 23, 2021, and the closing ceremony is scheduled for August 8, 2021. These two weeks are set to excite, enthrall and shock fans, making for a great opportunity for trying your hand at Olympics betting. Here we tell you all about the Olympics odds and what bets you should keep in mind while punting your money.

Tokyo Olympics’ Postponement due to Coronavirus

USA lead the table in Olympic betting odds

The 2020 Summer Games were originally set to take place from July 24, 2020, to August 9, 2020, but the event was postponed by 12 months because of the raging COVID-19 pandemic. While the risks of impacting the health of thousands of athletes from across the world were being weighed, authorities in Japan insisted that they could not afford to postpone the event later than 2021. After a lot of back and forth between member nations of the International Olympic Committee and estimates and assurances from Tokyo 2020 organizers, it was decided that the Summer Games will be held in 2021 from July 23 to August 8.

The Tokyo Games are set to be held in front of empty sporting arenas with next to negligible spectators present. This is one of the biggest drawbacks of the event this time but also necessary owing to the medical emergency caused due to COVID-19 and its mutating variants. What this does mean is that thousands of millions are going to watch and follow the Games on TV and internet-enabled devices. This ensures more and more opportunities for people to turn bettors and place a bet after going through the Tokyo Olympic Games odds right here.

Now that the event has begun, it is just time to analyze the 2020 Tokyo Olympic Games odds.

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Top Bets for 2020 Tokyo Summer Games

Let’s take a look at the best bets at the start of the sporting festival and get to the Olympic betting odds to help you invest in the best bet. As it is here that you will find the best 2020 Tokyo Summer Games odds.

In the meantime, you can also check out the best betting sites in India.

Olympic Betting Odds for Winning Most Medals

Country Odds 
USA 1.083
China 7.50
Russian Olympic Committee (ROC) 41.00
Great Britain 67.00
Japan 67.00
Netherlands 201.00
Australia 251.00
France 251.00
Germany 301.00
Italy 501.00
South Korea 501.00
Spain 1001.00

Olympic Betting Odds for winning Most Gold Medals

Country Odds 
USA 1.10
China 7.00
Japan 21.00
Russian Olympic Committee (ROC) 51.00
Great Britain 67.00
Netherlands 201.00
Australia 251.00
Germany 251.00
France 301.00
Italy 501.00
South Korea 501.00

Which country has the best 2020 Tokyo Olympic Games Odds?

Quite emphatically, the USA are favorites to clinch the above two bets. There is a reason why the US always leads the Olympic betting odds and has been the country to beat for many decades. In fact, they have been the top gold-medal-winning nation in the last five of the six recent Summer Olympics.

For the record, the USA has 2523 Olympic medals to its credit out of which 1022 medals are gold. It is quite an incredible feat considering they’ve participated in 27 of the 28 contested editions of the Summer Olympic Games in recorded history. The USA boasts of robust sporting culture, beaming with professionalism for all age groups. Plus, they have unmatched sporting infrastructure so that any athlete who excels at a particular sport gets trained for the Olympics automatically.

No wonder, the oddsmakers have given the US the most favorable odds, making them the safest bet for your 2020 Tokyo Olympics betting basket. Although, not the most profitable one for those who like to take risks while doing online Olympics betting.

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Which countries can take down the USA and give them a tough fight?

The only time USA didn’t top the medals tally in the last six Olympic editions was in 2008 when hosts China ruled at the Beijing Games. Though the USA (112 medals) won the most medals during the 2008 Olympics, China, with 48 gold, won a dozen more gold medals than them in the final tally. Four years later at the London Games of 2012, China recorded 38 gold medals, coming second to the US’ 46 gold. Betting on China, can actually be a smart option. With the event back in Asia, the Chinese contingent becomes a gold medal prospect and will fancy their chances.

Great Britain: Another Underdog in Tokyo Olympics

Another country that can give the USA a fight is Great Britain. They finished No.2 on the 2016 Rio Olympics medals tally, having won 27 gold medals, one more than China. Japan, on the other hand, has been given the third-best odds to win the most gold medals. As a host nation eager to put their best foot forward, they spice up the 2020 Tokyo Summer Games odds. China could be the hottest tip we can give for you to profit off your investment on the medal winners bet from the Tokyo Olympics odds.

Tokyo Olympic Betting Odds for Men’s hockey 

Country Odds on Bet365
Australia 2.50
Belgium 3.00
Germany 4.50
India 7.00

Despite having finished sixth in the last Olympics at Rio, the Australians have the best odds to win the gold medal in men’s hockey. They have brushed aside the disappointment of 2016 with good form of late that includes winning the 2019 FIH Pro League win.

India, though not favorites as per the oddsmakers they have a great chance of doing well this time around as they have a well-balanced team. Goalkeeper PR Sreejesh, who has more than 230 international caps to his name, is one of the world’s best hockey keepers in the last decade.

India’s defense overall has been their strength with the experience of Rupinder Pal Singh and Birendra Lakra on display. If India’s midfield, led by captain Manpreet Singh and forward line combine well to score goals, then this team is sure to win a medal.

Recommended 2020 Tokyo Olympics Betting Tip for Men’s Hockey

While Australians are the safest to bet on, either Belgium or Germany can topple the Aussies on their day and hence can be smart picks when it comes to men’s hockey betting at the Olympics.

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