How to Bet the Olympics Online: Best Promos, Bonuses
Legal online sports betting came to the United States officially back in 2018, which means this year’s Olympics mark the first time bettors can place sanctioned action on a variety of events.
With betting legal in a number of states on a variety of Olympics events, let’s take a look at everything you need to know about how to bet the Olympics online.
While popular team sports such as basketball, soccer, and baseball have betting odds at a number of sportsbooks, there’s good news for those looking for info on how to bet on events that aren’t always in the public eye.
Given the Olympics come at a time when the sports calendar otherwise slows down — the NBA and NHL Playoffs are over and football remains roughly a month away, leaving just baseball — there figures to be a substantial amount of betting action on the Tokyo Olympics.
How to Bet the Olympics Online
One of the most special aspects of watching the Olympics is that it showcases athletes and sports that aren’t always on our traditional sports radar. Sports like swimming, gymnastics, and track and field take center stage at the Olympics, and there’s good news for those looking to wager on the Olympics — oddsmakers have set betting markets and lines for these events.
More on what to bet later.
In terms of how to bet the Olympics, first thing is first — you have to find a sportsbook that is available in your state. If legal sports betting is already live in your state, then the chances are that you can bet on the games. Below, we will further detail specific states where betting the Summer Games is live and legal.
The Best Olympic Betting Promos
The first thing to know is that the top legal online sportsbooks offer a variety of can’t-miss betting promos that provide new players with a variety of free bets, odds boosts, and guaranteed bonuses.
Let’s look at the best of the best.
| Deposit Required | Bet Required | Bonus |
|---|---|---|
| $5 | $1 (win or lose) | $100 |
| $10 or $20 | $10 or $20 (win or lose) | $100 or $200 |
| $20 | $20 (win or lose) | $100 |
| $25 | $25 (win or lose) | $125 |
DraftKings Sportsbook Bet $1, Win $100 if USA Medals
21+ and present in NY, NJ, PA, CT, AZ, CO, IA, IL, IN, KS, KY, LA, MA, MD, MI, NH, OH, OR, TN, VA, WV, WY. Gambling problem? Call 1-800-GAMBLER.
New bettors at DraftKings Sportsbook can simply register, make a $5 deposit and then wager at least $1 on any Olympic event.
Win or lose, DraftKings will issue bettors a $100 bonus if and when the U.S. wins a medal at the games. Given a number of the United States’ individual athletes and teams are favored to win gold, and that the United States has historically won dozens of medals at each games, this offer is essentially a guaranteed $100 bonus.
Click here to get 100-1 odds on the United States to medal at DraftKings Sportsbook.
FanDuel Sportsbook Bet $20, Get $200 Bonus
The FanDuel Sportsbook promo may be the best way to bet on the games in terms of overall upside. Those who sign up, make a $20 deposit and then bet the same amount on the games with their first wager will be issued a $200 bonus. It doesn’t matter if the wager wins or loses, bettors grab a guaranteed payout.
Those who wish to deposit and wager a lesser amount can make a $10 deposit and bet to win a $100 bonus.
Click here to get up to a $200 bonus with FanDuel Sportsbook.
BetMGM Bet $20, Win $100 Bonus
Similar to the offers above, BetMGM is giving new bettors who register the opportunity to make a $20 first deposit and wager to bring in a $100 bonus. Similarly, it does not matter if the bet wins, the bonus still pays out.
Click here to get started with BetMGM and receive a $100 bonus.
PointsBet Bet $25, Win $125 Bonus
If you’re located in Illinois, Tennessee, Colorado, Michigan, Indiana, or New Jersey, you can jump into the Summer Games betting action with PointsBet. Make a $25 bet and win a $125 bonus if and when the United States wins a gold medal. As noted above, the U.S. is overwhelmingly favored to bring home gold in a number of events, making this a virtual lock to hit.
Click here to bet $25, win $125 with PointsBet.
Where Is It Legal to Bet the Olympics?
If you are wondering how to bet the Olympics and if your state offers action, then here is a list of places where the above offers are live:
- New Jersey
- Colorado
- Pennsylvania
- Tennessee
- Michigan
- Indiana
- Iowa
- Illinois
- West Virginia
- Virginia
- Washington D.C.
Which Sports Can Be Bet?
If you’re looking for more information on which sports can be wagered on, you’re in the right place. Here are some notable events:
- Badminton
- Baseball
- Basketball (M/W)
- Beach Volleyball (M/W)
- Boxing (M/W)
- Canoeing (M/W)
- Cycling
- Diving
- Fencing
- Golf (M/W)
- Gymnastics (M/W)
- Rugby
- Sailing
- Surfing
- Table Tennis
- Tennis
- Track and Field
- Wrestling
