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Best bookies for betting on the Olympics

Michael Phelps bettingBETTING on the Olympics is big business and continues to be a growing segment in the sports betting industry.

Not only am I going to outline the best bookies for Olympics betting, but I’m going to discuss the most popular events to bet on during the Summer and Winter Olympics.

Las Vegas recently made Olympics betting legal again in February 2015 — ending a ban in existence since 2001. Many of the bookies in Vegas have already begun to post betting lines for the upcoming 2016 Summer Olympics in Rio de Janeiro.

However, the best way to bet on the Olympics is with an online bookie.

Best betting sites for the Olympics

Hundreds of online bookmakers post betting markets for the Olympics, but not many offer great coverage of the events. Particularly the winter olympics cops the short straw from sportsbooks, with the betting options very limited at many gambling websites.

The team at MobileSportsBetting.com have researched where you should be betting on the Olympics:

Bovada Sportsbook – USA

Bonus: 100% free bet for up to $250.

The only US-friendly option on our list – Bovada.lv posts plenty of Olympics betting markets. There’s a strong focus on Olympics futures betting, but all of the major events (IE: Basketball, Hockey and Soccer) will have game markets available too.

Futures are available on just about every event – ranging from alpine skiing in the winter to hurdles in the summer.

Bet365 Sportsbook – International

Bonus: 100% cash bonus for up to $200.

No company has embraced online betting like Bet365. Only six major countries are restricted from betting with Bet365 and those are the United States, Hong Kong, France, Turkey and Netherlands — everyone else is welcome to bet for real money.

Olympics betting is popular at Bet365 because of the fact they have bettors in so many countries around the world. Expect to find thousands of betting markets, including Olympics props and futures. You’ll find odds on nearly every gold medal event.

CrownBet – Australia

Bonus: $650 in bonus bets

CrownBet is an Australian bookie, created when former Sportsbet founder Matthew Tripp’s bookie BetEasy was taken over by Crown Resorts – more known for its casino interests. Crownbet regularly runs promotions on big events like the Olympics with their odds comparing nicely to other corporate bookies in this country.

Olympics coverage isn’t as good as at Bet365, but expect special betting markets geared towards the Australian crowd. New customers can claim up to $650 in bonus bets.

Guts Sports – Asia

Bonus: 100% cash bonus for up to $100.

Guts Sports is open to many international bettors, including throughout most of Asia. Australians and Canadians can bet here too. Olympics betting isn’t a focus at Guts Sports, but they’ll have all of the popular markets.

You’re not going to find as many match markets available during the Olympics at Guts, but they often have the best odds on the Olympics futures markets. Shop around at the bookies listed here to always ensure you’re getting the best line possible.

How to bet on the Olympics on a mobile device

The four Olympics bookies above all offer mobile betting. In some cases, you’ll be able to download an app to your iPhone or Android smartphone or tablet, while some bookies simply offer a mobile-optimized web-app that’s accessible through a browser.

Both methods allow you to bet anywhere in the world as long as you can connect your mobile device to the Internet. Bettors are able to open an account, make deposits, request payouts and place any type of wager using mobile betting apps.

Depending upon where the Olympics are hosted – the events may be on when you’re at work or away from a computer. Or perhaps you’re going to the Olympics and want to be able to bet without having to lug around a heavy laptop everywhere you go.

Most popular Olympics betting markets

There are thousands of Olympics betting markets, but the key is to focus on the sports you follow the most. If you’re a soccer fan you can find some good odds on teams with players you know. The same could be said about fans of athletics. It’s not hard to do a quick scan of the last few months results before making your selections.

Summer Olympics

From a betting perspective – the Summer Olympics offer way more turnover than the Winter Olympics.

The Olympics basketball tournament is always a huge spectacle, but the outright winner market never presents value because of the US dominance. However, because of the popularity of the tournament, bookies offer match markets for every single game.

Athletics and swimming are both extremely popular in many countries too. Everyone that watches the Summer Olympics will likely watch the 100M sprint. Usain Bolt is a superstar and he has helped the sport grow in popularity in recent years.

The swimming pool always receives tons of TV coverage as well. The sport is often dominated by the Americans and Australians, but it’s not uncommon for the favorites to lose.

You also can’t forget about football (soccer), tennis, gymnastics, volleyball and handball. All of these sports are popular during the Summer Olympics.

Always try to bet before the event starts to get the best prices on the athlete/team you want to bet on. If you want to bet on Bolt or Michael Phelps to win an event, you should always bet on the event before the qualifying heats take place.

If you wait until the finals to place your bet, the price will be considerably lower than if you bet before the qualifying heats.

Here’s a list of every sport that will be played at the upcoming 2016 Summer Olympics:

Aquatics (Swimming, Diving, etc), Archery, Athletics, Badminton, Basketball, Boxing, Canoeing, Cycling, Equestrian, Fencing, Field Hockey, Football, Golf, Gymnastics, Handball, Judo, Modern Pentathlon, Rowing, Rugby Sevens, Sailing, Shooting, Table Tennis, Taekwondo, Tennis, Triathlon, Volleyball, Weightlifting and Wrestling.

Winter Olympics

The Winter Olympics aren’t nearly as popular and there are also a lot fewer medal events.

Ice hockey is by far the most popular Winter Olympics sport to bet on. Canada, Russia, USA, Finland, Sweden and numerous other countries all compete in the hockey tournament. Countries always send the best team possible, including many NHL superstars.

Skiing, snowboarding, figure skating and speed skating are all popular events at the Winter Olympics too.

There are a lot less betting markets for most Winter Olympics events, but there are still futures and props available for all of the events. If you want to bet on bobsledding, alpine skiing, or ski jumping, you’ll be able to at the Olympics bookies listed above.

Here’s a list of every sports that will be played at the upcoming 2018 Winter Olympics:

Bobsled, Luge, Skeleton, Ice Hockey, Figure Skating, Speed Skating, Curling, Alpine Skiing, Freestyle Skiing, Snowboarding, Biathlon, Cross-Country Skiing, Ski Jumping and Nordic Combined.