The 2024 Summer Olympics in Paris is set to be a monumental event, not only for athletes and sports enthusiasts but also for the burgeoning industry of online sports betting. With the widespread legalization and regulation of sports betting across many regions, the upcoming Olympics are poised to witness unprecedented levels of online betting activity. At CoinGames, you will be able to bet on a whole range of Olympic events, as well as get boosted odds on games and competitions that no other platform can offer! In this article, we will:

  • Point out some interesting betting tips regarding this year’s Olympics, including some notable candidates and underdogs to finish first in their respective competitions.
  • How and why this year’s edition could outpace all its predecessors in terms of betting volumes, as well as what you can expect from CoinGames.

Fight for Gold – Betting Tips for the 2024 Olympic Games

The 2024 Paris Olympic Games will be 19 long days of a variety of sporting competitions, from Volleyball to Rowing, from Athletics to Shot Put, and much much more. Over 10,000 athletes will participate in this edition of the games. Let’s take a look at some of the favorites and underdogs in a number of events.

  • In the most awaited event – the men’s 100 meter sprint, we have a number of potential candidates for the gold medal, which has been a more even competition since the retirement of the legendary Usain Bolt. The Jamaican rookie Kishiane Thompson has run the fastest this year – three times under 9.25 seconds in the Jamaican Championships. However, he is yet to compete in a major competiton, and therefore, the American Noah Lyles is the bookies’ favorite, as he is the current 100 meter world champion.
  • In the long jump competition, one of the most awaited track and field events, Germany’s Malaika Mihambo is the overwhelming favorite. She is the current Olympic champion and two-time World champion, having also won the European championship in Rome this June by jumping 7.22 meters. The only other candidate for a potential gold is Tara Davis-Woodhall: the American so far this year has managed to reach a personal best of 7.18 meters.
  • In the men’s tennis tournament – after the recent withdrawal of world number one Jannik Sinner – the path is set for either Carlos Alcaraz of Spain or Novak Djokovic of Serbia to win their first-ever Olympic gold medal. The two faced each other in the Wimbledon final less than a month ago, with Alcaraz dominating the 25-time grand slam winner. He remains the favorite in these Olympic games as well.
  • Now let’s turn to some potential underdog stories. In the Olympic football games, the likes of Argentina and Brazil are favored. However, history tells us that upsets in this practice come more often than not: Nigeria won gold in 1996, Cameroon did so in 2000, while Mexico won in 2012. It will be interesting to see whether the young and talented American squad can muster up a challenge for a medal this year, as they prepare to host the World Cup in 2026 along with Canada and Mexico. This is also the first time in sixteen years that they have qualified for the Olympics.
  • In men’s basketball, America are the overwhelming favorites, however a suprise run by the likes of Greece and Serbia – led by Antentokounmpo and Jokic should not be disregarded. The fairy tale story of South Sudan is one worth looking out for. In a recent exhibition match, they lost to the US by a single point. They are also the lowest ranked team to make the Olympics since 2004 and have never won a single medal. Is this the right moment?

An Olympic Betting Surge

These Olympic Games in Paris are set to be probably the most gambled on since the competition’s start in 1896. This is due mostly to recent bills that have expanded the reach and legality of online betting and sports betting in general in a number of US states.

  • The Paris Olympics are the first that will take place since legal online and casino gambling has become widespread in the United States, as during the Tokyo 2020 (2021) games, betting was only legal in a handful of states.
  • Among the most popular disciplines, the likes of basketball, football, and tennis are those that are expected to see the largest volume of betting. However, as is the case outside the US as well, the sports and competitions bettors will be able to gamble on depending on what state they live in and what platform they choose to play on.
  • These games come at an opportune moment in the year for sportsbooks. In fact, early August is the moment of the year when there is no NFL, NBA, or NHL in the United States, and no major football league or competition starts later on in the month. However, it remains to be seen if the lack of other sporting events will be the main driver towards Olympic betting, or rather the fact that betting is now more widespread and available than ever – especially in the United States.
  • At CoinGames, we will offer enhanced odds on a number of events during the Olympics. These will include all of the men’s and women’s football, basketball, volleyball, and handball games throughout the competition. In addition, you will also be able to enjoy a number of promotions related to the Olympics!

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