An In-depth Guide to Winter Olympics Betting
While the Winter Olympics may not be as popular as the Summer Olympics with fans, the tournament’s success with some sports increased. In our guide to Winter Olympics betting, we’ll cover everything you need to know and of course, the best Winter Olympics betting sites.
|Best Betting Sites in United States||Bonus Offers||Highlights||Rating||Secure Link||T&Cs|
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Before we show you all available Winter Olympic sports and teach you how to bet on them, let’s talk about the advantages of the reviewed operators. For your convenience, we divided them into a specific category to be even easier for you to choose the best Winter Olympics betting sites:
- Betway – Top Bookmaker for In-Game Betting
- 888sport – Best Winter Olympics Betting Odds
- bet365 – Greatest Selection of Winter Olympic Bets
- TonyBet – Awesome Winter Olympic Betting Promotions
- Betiton – Top-Rated Site for Winter Olympic Markets
There are many other criteria by which we can divide the good betting platforms but these seem to be the most common ones. Soon when we elaborate more into the subject you will be able to learn how to decide whether or not one operator is a good fit for you. Of course, you will find out which are the most popular betting features that you can encounter at such websites.
The Most Popular Winter Olympic Sports You Can Bet On
The Winter Olympics has a variety of sports, meaning there is likely to be something for everyone. Individual events such as biathlon and cross country skiing test human endurance to the limit, whereas figure skating is a display of strength and elegance. Fans of team sports are also well catered for, ice hockey and curling are firm favourites when Winter Olympics betting.
|Olympic Sport||Governing Body||Olympic Since||Participations||Most Gold Medals|
|Ice Hockey||IIHF||1920||12||Canada (13)|
|Figure Skating||ISU||1924||30||USA (51)|
|Speed Skating||ISU||1924||32||Netherlands (121)|
The table above shows the most-backed winter sports when taking part in Winter Olympics betting, there are of course other sports that we have not included in the table; such as bobsleigh, freestyle skiing, luge, Nordic combined, ski jumping, snowboarding and more. In this next section, we’ll take a closer look at the most popular sports for punters.
Ask Brits what their favourite Winter Olympics event is and the chances of them saying curling is pretty high. First demonstrated in the inaugural Winter Olympic Games in 1924 in Chamonix and then again in 1932 (held in the United States), the sport wouldn’t make an appearance again until 1988. In the 2018 games, the women’s team of Eve Muirhead, Anna Sloan, Vicki Adams, Lauren Gray and Kelly Schafer made it to the semi-final in which they were beaten by Sweden 10-5.
Ice hockey first originated in Canada in the early 19th century, and six-a-side men’s ice hockey has been on the programme of every edition of the Winter Games since 1924. A popular spectator sport due to the fast-paced action and the occasional breakouts of fighting. Canada dominated earlier tournaments until surpassed by the Soviet Union. In recent years the Canadians have once again been the team to beat, winning golds in all games since 2012. The exception being 2018 in PyeongChang in which they finished second.
Few people who ever witnessed it will ever forget Jayne Torvill and Christopher Dean’s legendary performance at the 1984 Winter Olympics in which the Nottingham couple took gold and a place in the nation’s heart. The “Bolero” routine wowed judges who awarded the performance twelve perfect 6.0s and six 5.9s which included artistic impression scores of 6.0 from every judge. Twenty-four million Brits watched the performance live on TV.
Few sports can claim to excite in the same way as bobsleigh racing does. The idea of hurtling down an ice track in a tin can at speeds of up to 85 mph is not for everyone, that’s why it is so thrilling. Danger is synonymous with the sport that has sadly seen 17 fatalities in its history. On a lighter note, the sport saw an enormous spike in popularity when in 1993 the classic film Cool Runnings was released. The film tells the story of the Jamaican bobsleigh team who competed in the 1988 Winter Olympics.
While the 100m sprint in the Summer Olympics is always likely to grab the headlines, the Winter Olympics has its sprint events that are just as enthralling. Alongside sprint races (held over 500, 1000, 1500, 5000 and 10000 metres) speed skating also features mass start and team pursuit races. Fans of cycling will be familiar with these events. The dominant country in the men’s events have been the Netherlands; their 121 total medals is almost twice that of the nearest challengers the United States (68 medals).
Winter Olympics Betting Odd
The simple fact you are reading a guide on Winter Olympics betting means you want to see a return on your bets. Therefore, the bookmaker you choose must offer value for money. After all, The lower the odds, the less money you win, and the higher profit the bookie makes. Better odds means more money to you!
|Winter Olympic Betting Site||Curling||Ice Hockey||Figure Skating||Bobsleigh||Speed Skating|
As you can see in the table above, all five of our recommended sports betting sites consistently offered a return to player figure of over 90%. We looked at historical odds offered during the Winter Olympic Games in Pyeongchang 2018. Picking five of the most popular sports, we were able to calculate the payout rates. As two operators statistics were not available, we checked recent competitions that are in the Winter Olympics for comparison.
Winter Olympics: Popular Betting Types
When betting on Winter Olympic events, there is a large range of sports you can bet on; there is also a comprehensive range of betting types you can place when betting. In this section, we’ll cover some of the most popular bets that us Brits place online at the best Winter Olympics betting sites during the tournament.
The Race for Gold
Unlike the Summer Olympics, which are often dominated by one or two countries, the Winter Olympics’ top dog’ changes hands regularly. It’s this uncertainty about who will top of the medal table at the end of the games that makes this topic so popular when Winter Olympics betting. While Norway topped the overall table and achieved the most golds in 2018 and South Korea, recent overall goal leaders include Russia (2014), Canada (2010) and Germany (2006).
Over / Under Betting
Some betting types work for all sports, and a good example of this is the Over / Under betting market. The idea is simple, the bookmaker will set a target number of goals, points or time (depending on the sport) and you have to decide if the actual tally will be lower (under) or higher (over).
Example: One of the most popular under/over betting markets is predicting how many gold medals a particular team will win in a sport during the tournament. The bookmaker will assess a team based on past performance and current form and give an estimation of how many golds will be won.
To prevent a situation that would result in the bet being drawn, most bookmakers will use a fraction of a total that couldn’t be achieved. For example, Great Britain will win 3.5 golds.
How to Use it: As with all betting, the first step is to do your research, especially if you are inexperienced with the sport you will be betting on. Look at the history of the team; do they consistently achieve a similar medal haul in tournaments?
For example; In the 2018 Winter Olympics Great Britain took one gold. This figure is consistent as they also took just one gold in 2014 in Sochi and also in 2010 in Vancouver. Therefore, the bookmaker would be likely to set the Over / Under total of Great Britain’s gold tally at 0.5 or 1.5.
Head to Head Betting
Rivalries are what sport is all about, and betting which person, team, or country will win against each other is a hugely popular market at Winter Olympics betting sites. Sounding like the plot from a true-crime Netflix documentary, figure skating was on the front pages in 1994 when Gold medal favourite Nancy Kerrigan was clubbed in the knee by the ex-husband of her biggest rival, Tonya Harding.
Winner Excluding the Favourite Betting
It’s hardly a surprise that the Nordic countries do so well in the Winter Olympic games, snow and ice is a regular feature for leading gold medal country Norway. Even second placed in the table Germany has excellent ski resorts such as Arber, Ochsenkopf, Alpsee-Grünten and Oberammergau. Therefore, sometimes, it’s a good idea to take the favourites out of the equation and bet on the best of the rest. Many Winter Olympics betting sites offer to bet with the favourite excluded.
Winter Olympics Live Betting
We are huge fans of being able to bet on events while they are taking place. From a tactical point of view, live betting (also called in-play betting) enables you to judge in real-time how well a team or player are doing. You can take advantage of the fact that the odds constantly change, often finding better value than you would if you placed the bet pre-event.
Another great feature that you’ll find at bookmakers that offer Winter Olympics betting is the ability to cash-out your bets early. This could be for a profit if things are going well or to at least salvage a part of your stake if things look risky with your bet. It is also possible at most sites of partially cashing out, meaning you could still make a profit while part of your bet is still in play.
The Promotions You Can Find for Winter Olympics Betting
One of the highlights about betting on the Winter Olympics online is being able to take advantage of one of the welcome bonus promotions that the bookmakers offer. The Winter Olympics gambling market is fiercely competitive, which means you’ll find plenty of special offers that you can use when to place wagers.
- Free Bet Club
- Bet Builder
- Acca Boosts
Open a new account with one of our recommended Winter Olympic betting sites, and you can increase the size of your bankroll that you have to wager. One of the most common and popular promotions is the matched deposit deal. The bookmaker will match the amount of your first deposit. As well as matched deposits, other promotions are available such as free bets and no-lose betting. To find out more, we have a dedicated bonus page.
The History of the Winter Olympics
While the Summer Olympics have their roots in ancient Greece, the Winter Olympics have a much more modern history with the first tournament held in 1924 in Chamonix, France. The first Winter Olympics consisted of nine sports; bobsleigh, curling, ice hockey, Nordic skiing, cross-country skiing, Nordic combined, and ski jumping and skating (broken into speed and figure).
The games are held every four years and until 1992 were held in the same year as the Summer Olympics. They now are held in the even number years in which the Summer tournament isn’t held, meaning every two years there is either a Summer or Winter version of the Games. Twelve different countries have hosted the games; the US has held the games the most with four (1932, 1960, 1980, and 2002).
Some Tips and Tricks When Winter Olympics Betting
Placing bets on the Winter Olympics is no different from placing wagers on any sports; therefore, the same best practice should be employed. The first golden rule is to do your research. We cannot stress enough how doing your homework can pay dividends in the long run, gut feelings work on occasions but, punters who consistently see a return often state that preparation is key.
Despite the fact that is super hard to speak from an overall perspective because the competition includes many sports, there are some Winter Olympics betting tips that you can apply:
- Research the teams/players and their injuries
- Always check the odds in several platforms
- Organize more than one bet to cover eventual loses
- If you are a novice live betting is good for you
- Learn more about the location and the racing terains
- Study the disciplines and their rules in detail
The second golden rule is to use tools and technology to your advantage. Most bookmakers will provide you with historical data of previous encounters between players or teams; this can be used to determine a reasonable expectation of the result, it’s no guarantee of predicting the future but certainly better than placing blind bets. The best Winter Olympics betting sites will also have features like live betting and cash-out options, used correctly these can make a difference to your returns.
Curiosities and Facts
In our guide to betting on the Winter Olympics so far, we’ve looked at some of the sports that you can place bets on in the tournament. We’ve presented some of the popular markets with punter such as gold medal betting and the over/under markets, and we’ve had given you a brief insight into the history of the tournament.
In this next section, we’ll continue with the theme of history and share some interesting facts that you may not know about the Winter Olympics. Although this trivia is not very likely to help you win any money, we still hope you’ll find it interesting.
The Hosts that Never Were
We all know that hosting the Olympic Games is prestigious with stiff competition between countries to host it. However, Denver in the US won the right to host the 1976 Games but later rejected the opportunity. Stating high costs than expected and the environmental impact, Colorado voters rejected a $5 million state bond issue to help pay for the Games. They instead were held in Innsbruck, Austria.
Spot the Link
What do George W. Bush, Emperor Akihito, Emperor Akihito, Richard Nixon and Adolf Hitler all have in common? They are all of course dignitaries that have opened the Winter Olympics ceremonies. The first Games were opened by Undersecretary Gaston Vidal in France in 1924. It is expected that President Xi Jinping will open the next edition in 2022 in Beijing, China.
Switching From Summer to Winter
Two of the most popular sports in the Winter Olympics, figure skating and ice hockey were originally part of the Summer Olympics but switched to the Winter Olympics in 1924. Men’s, women’s and pairs figure skating events premiered in 1908 at the London Summer Games. Ice hockey debuted at the 1920 tournament help in Antwerp.
Winter Olympic betting is popular at online sports betting sites, and it’s not difficult to see why. The large number of sports that are represented at the Winter Olympics means there is something for everyone. Whether you like the artistry of figure skating, the skill of alpine skiing, the pure fear of bobsleigh or team events such as curling, it’s all here and so much more.
All of our recommended Winter Olympic betting sites make the process of placing a bet simple. There was a huge selection of events and sports you can bet on and the odds they offered represented great value for money. This value is increased if you take advantage of the new customer deals that are available.
Frequently Asked Questions About Betting on Winter Olympics
To complete our Winter Olympics betting guide, we have created a handy FAQ section. We researched what gamblers want to know about betting on the games. In the following section, we have collated the most common questions and provided answers with all the details you need.
🥇 Which are the best Winter Olympics betting sites?
We have listed the best Winter Olympics betting sites in this guide. Each of our recommended operators is licensed and safe to play at. Our top-ranked betting sites offer bets on a wide range of Winter Olympics sports. You can also claim generous welcome bonuses when you join.
❄️ What Winter Olympics sports can I bet on?
There are 15 sports featured at the Winter Olympics, and you can bet on them all at the betting sites featured in this guide. Among the most popular Winter Olympic sports to bet on are curling, ice hockey, and figure skating. You can find more details about the popular types of Winter Olympics games in our dedicated section.
📝 What types of bets can I place on the Winter Olympics?
There are various types of bets that you can make on the Winter Olympics. Among the most popular betting types, you will find head to head betting and over/under betting. We have created an overview of popular types of Winter Olympics bets, where you can find more details about your betting options.
💰 Are there any bonuses for betting on Winter Olympics?
Yes, there are. The best Winter Olympics betting sites offer a range of bonuses that you can use to bet on the games. You can claim a welcome bonus as a new player at most sites.Plus, top sports betting sites usually feature a selection of special promotional offers when the Winter Olympics are underway.