The 2024 Olympics in Paris, France are just around the corner and the biggest talking point surrounding the event is the omission of Caitlin Clark from the USA roster.
While that's a debate for another day, one look at the women's Olympic basketball odds will give you a great indication of how stacked the U.S. really is.
Can any nation defy the odds and stop the red white and blue from winning an eighth-straight gold medal? Join me as I break down the women's Olympic basketball odds ahead of the July 28 opener.
2024 Olympic women's basketball odds
| Country |  |
|---|---|
 USA |
-1,400 |
 China |
+2,000 |
 France |
+2,500 |
 Australia |
+2,500 |
 Belgium |
+3,000 |
 Japan |
+3,000 |
 Canada |
+3,500 |
 Spain |
+3,500 |
 Serbia |
+10,000 |
 Germany |
+10,000 |
 Puerto Rico |
+15,000 |
 Nigeria |
+20,000 |
Odds as of 6-28-24
2024 Olympic women's basketball favorites
USA (-1,400)
When the United States announced its roster for the 2024 Olympic games, the main talking point was not who made the team, but instead who was left off it.
For those living under a rock, we are talking about Caitlin Clark's omission from the team, despite her being thrust into the WNBA as the face of the league. While I could see both sides of the argument on whether Clark should have been involved, there's no debate on how good this team is.
This team is littered with WNBA All-Stars and has a good mix of young and old to keep things balanced:
Shoutout to the 12 players who will represent the USA Womens Basketball roster at the Paris Summer Olympics next month
— The Outlet Forum (@TheOutletForum) June 10, 2024
📷: @espn pic.twitter.com/GVIgugvJVk
There's a reason why the U.S. are massive favorites to win their eighth straight Gold Medal in Paris, France.
China (+2,000)
While China's Olympic basketball roster doesn't exactly contain household names, this is still a team that people need to take seriously.
This is a group led by Meng Li, who plies her trade in the WNBA for the Washington Mystics. While she's not exactly having a stellar year for Washington, she will be the focal point on offense for her home country.
The rest of the roster is as follows:
Chinese Basketball Association announced on Wednesday its team rosters for the basketball event of the Paris 2024 Olympic Games.
— Sports China (@PDChinaSports) June 26, 2024
The 16-player roster for women's basketball includes: Wang Siyu, Li Yueru, Li Meng, Li Yuan, Zhang Ru, Wu Tongtong, Luo Xinyu, Jin Weina, Tang Ziting,… pic.twitter.com/5rnu4QUlF0
France (+2,500)
If you're looking for a sleeper team to possibly shock the world and take home the gold, France would be the team I am looking at.
This is a country that finished third at the last Olympic Games in Tokyo and has what should be a relatively favorable group stage draw, facing Australia, Canada, and Nigeria."
Previous Olympic women's basketball winners
Here is a list of the last 10 Olympic women's basketball winners:
| Year | Winner | Runner-up | Host |
|---|---|---|---|
| 2020 | United States | Japan | Tokyo |
| 2016 | United States | Spain | Rio Di Janeiro |
| 2012 | United States | France | London |
| 2008 | United States | Australia | Beijing |
| 2004 | United States | Australia | Athens |
| 2000 | United States | Australia | Sydney |
| 1996 | United States | Brazil | Atlanta |
| 1992 | Unified Team* | China | Barcelona |
| 1988 | United States | Yugoslavia* | Seoul |
| 1984 | United States | South Korea | Los Angeles |
*Former countries
Understanding basketball odds
Sportsbooks will post a wider variety of Olympics markets closer to the tournament, which are constantly adjusted as teams win and lose games — and if injuries arise.
Basketball futures odds will usually look like this:
- Canada +3,500
This means that on a $100 bet, you'll stand to win $3,500 if Canada wins the gold medal. If there is a particularly dominant nation, you might see that a team has a minus sign (-) ahead of its odds.
- USA -1,400
This means that if you bet on the USA, you would have need to bet $1,400 to profit $100 if the Americans win the championship.
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.
Most Olympic women's basketball medals all-time
| Country | Total | Gold | Silver | Bronze |
|---|---|---|---|---|
| United States | 11 | 9 | 1 | 1 |
| Australia | 4 | 0 | 3 | 1 |
| Soviet Union* | 3 | 2 | 0 | 1 |
| Russia | 3 | 0 | 3 | 0 |
| Brazil | 2 | 0 | 1 | 1 |
| Yugoslavia* | 2 | 0 | 1 | 1 |
| Argentina | 2 | 1 | 0 | 1 |
| China | 2 | 0 | 1 | 1 |
| France | 2 | 0 | 1 | 1 |
| Bulgaria | 2 | 0 | 1 | 1 |
| Japan | 1 | 0 | 1 | 0 |
| Serbia | 1 | 0 | 0 | 1 |
| South Korea | 1 | 0 | 1 | 0 |
*Former country
Popular basketball futures markets
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.
