2024 Men's Olympic Basketball Odds: Americans Take Fifth Straight Gold in Paris

Team USA dodged a major bullet vs. Serbia in the semifinal and weathered fierce resistance from France to prevail in the Olympic men's basketball odds and win gold for the fifth straight time.

Robert Criscola - Contributor at Covers.com
Robert Criscola • Publishing Editor
Aug 13, 2024 • 11:53 ET • 4 min read
USA Olympic basketball LeBron James Anthony Davis
Photo By - USA TODAY Sports

Men's Olympic basketball odds are off the board following the end of the tournament, and it was Team USA that prevailed for chalk-players for a fifth straight time, though it was not without drama.

Here's a quick summary of what happened in the Paris 2024 Olympic basketball tournament.

2024 Olympic men's basketball odds

Odds are no longer on the board following the conclusion of the Paris 2024 Olympics.

2024 Olympic men's basketball favorites

Despite some early drama about the rotation (and more specifically, Jayson Tatum's role within it), USA (-2,200 prior to gold medal game) dominated group play as well as their first knockout game with Brazil. However, a rematch with Serbia proved to be a true nail-biter as Nikola Jokic & Co. led by 13 with one quarter to go. 

LeBron James and the rest of Team USA needed to dig deep, but they finally figured out Serbia and dominated the fourth quarter to punch their ticket to the gold medal game.

Victor Wembanyama & Co. fought fiercely in the tournament final but Steph Curry's barrage of late 3s overpowered France, who had to settle for silver. 

Olympic men's basketball Tournament MVP odds

LeBron James, aka "Captain LeMerica," was a -1,100 favorite going into the gold medal game and ultimately took home the honors in this market.

Above we have posted the American odds for Olympic basketball. However, these are easy to convert to decimal odds or fractional odds with our odds converter tool.

Check out more insight into how to bet on basketball.

Previous Olympic men's basketball winners

Here is a list of the last 10 Olympic men's basketball winners:

Year Winner Runner-up Host
2024 United States France Paris
2020 United States France Tokyo
2016 United States Serbia Rio Di Janeiro
2012 United States Spain London
2008 United States Spain Beijing
2004 Argentina Italy Athens
2000 United States France Sydney
1996 United States Yugoslavia* Atlanta
1992 United States Croatia Barcelona
1988 Soviet Union* Yugoslavia* Seoul

*Former countries

Most Olympic men's basketball medals all-time

Country Total Gold Silver Bronze
United States 19 16 1 2
Soviet Union* 9 2 4 3
Yugoslavia* 5 1 3 1
Argentina 2 1 0 1
Spain 4 0 3 1
France 3 0 3 0
Italy 2 0 2 0

*Former country

Where to bet on Olympic basketball

If you're in a state that allows mobile, or online betting, make sure you know which sites are the best basketball betting sites. The best betting sites offer sharp odds, quick payouts and are safe and secure when it comes to depositing and withdrawing your money. 

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Robert Criscola - Covers.com
Publishing Editor

Robert M. Criscola’s road to becoming a Covers publishing editor began with an internship at Metro New York, which eventually turned into a freelance job at MetroBet covering many sports from a wagering angle, including horse racing. He continued to focus on “The Sport of Kings” by writing for shapperdacapper.com, danonymousracing.com, and informer.fanxt.com before joining the team at the TwinSpires Edge in 2019 as a regular contributor and weekend editor. “Crisco” began writing game previews for Covers in 2022 and joined the editing team in 2023.

His best advice for sports bettors? Bet with your head, not over it.

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