Make Smarter Winter Olympics Bets

The 2022 Beijing Winter Olympics kick off on February 4, 2022, as the world’s nations compete on the biggest stage for winter sports, and with it, an increase in Winter Olympic betting interest.

Peter Clarke - Senior Editor at Covers.com
Peter Clarke • Senior Editor
Jan 25, 2022 • 12:34 ET • 3 min read
A countdown clock in Beijing on Jan. 25, 2022, shows 10 days until the opening ceremony of the Beijing Winter Olympics.
Photo By - SIPA/USA

Thousands of athletes competing in a wide variety of winter sports at the 2022 Beijing Winter Games will entertain bettors with a 16-day winter-sport extravaganza. 

With the global increase in recreational sports betting, many of the events at the Beijing Winter Olympics will be available to wager on.

Time and place

When: Feb. 4-20, 2022

Where: Beijing, China

Olympics betting

Betting on the Olympics is relatively new to most bettors. Still, there isn’t much difference between the markets available for Olympic betting and any other types of betting. Some of the earliest betting markets available are nations’ gold and total medal counts, featuring odds for who will win most straight up and set to an Over/Under.

Other markets are sport-specific, with bettors choosing the winner of a race, game, or the entire event. Additionally, some markets are athlete-specific, with books posting medal totals on individual athletes.

Medals

One of the most common markets for Olympic betting is Olympic medal odds. Bettors can choose which country they think will capture the most gold medals, including Norway, which is a -500 favorite to win the most gold medals and -800 to capture the most medals overall. There are also Over/Under markets for golds and total medals per country, which are great future markets to get on early before the Olympics kick off on Feb. 4. 

Hockey

The NHL decided late last year that their players would not be heading to China to represent their countries. For the second Winter Olympics in a row, the Olympic hockey medal odds have shifted significantly away from the traditional favorites like Canada and the United States, loaded with professional talent. 

How to bet on the Olympics

With so many events to choose from, the Beijing Olympics are sure to bring in many new bettors looking to wager on their favorite event. Let us guide you through how to bet on the Olympics with some basics on reading odds and tips for making smarter Olympic bets.

Where to bet on the Olympics

Olympic betting is still relatively new, but the once-every-four-years event will surely attract many bettors. Some sportsbooks will even post odds for other events, such as skating and skiing. When hunting for the best Winter Olympics odds, make sure you’re betting at a reputable sportsbook, and we review the best Olympic betting sites available to you.

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Peter Clarke - Covers
Senior Editor

Peter Clarke has been in the digital media business for 14 years after obtaining his journalism degree from the University of King's College in Halifax, N.S. He learned his trade during his time at The Chronicle Herald and Saltwire Network, where he spent nearly a decade editing and making digital content.

These days, Peter is all about keeping bettors in the loop about the biggest sports betting events, like the Super Bowl and March Madness. He's also always on top of the latest promo offers from the biggest sportsbooks so he can share the best deals straight with you.

One of his favorite ways to bet is using the Covers' player prop projections. He firmly believes you can find a lot of value in the four and five-star projections every day of the year with just a little attention to the totals and lines. For those of you new to the betting scene, he’s got some solid advice: "Start small. Pick a unit size that feels right for you and grow your bankroll over time."

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