The Olympic games present an opportunity for people to rally behind their nation, both in terms of supporting athletes as well as wagering on them. USA residents can find multiple Olympics betting options through licensed USA sportsbook sites. The Olympics has historically been one of few times where citizens of all nations attempt to put aside our issues, opinions, and conflict with each other and at least temporarily come together as a global force for good.
The 2020 round of Olympic games has had its share of controversy and tension for the US, but the games forge forward. This page was created exclusively for US bettors looking to wager on the Olympics. You will find information on the legalities of offshore betting, the best USA sportsbooks hosting Olympic betting lines, insight into this year’s tournament and more.
Best Online Sportsbook
For Betting On The 2020 Summer Olympics
Fans of the 2020 Olympic games will find a strong selection of betting lines for the 2020 Summer Olympics at BetOnline Sportsbook. This sports betting site has been around since the early 90's and has become an authority within the sports betting industry. Not only do they offer a generous 50% match bonus up to $1000 for new bettors, they also offer a lifetime 25% match bonus up to $1000 on every deposit made for the life of your account. BetOnline is legally licensed in Panama City, Panama and is sanctioned to provide betting services to customers from around the world, including the US.
Is It Legal To Bet On The 2020 Olympics?
Yes. There are no US gambling laws that say betting with a licensed offshore sportsbook is illegal. The 3 standing laws applicable to sports betting are the Professional and Amateur Sports Protection Act (PASPA), the Federal Wire Act and the Unlawful Internet Gambling Enforcement Act (UIGEA). PASPA prevented US residents from placing wagers at brick-and-mortar sportsbooks in 46 states until its repeal in 2018. The Federal Wire Act prohibits people from accessing US-based online sportsbooks across state lines (leaving offshore versions as the only viable option for many Americans). The UIGEA applies to banks and how they process transactions with gambling sites. None of these laws have any reference of betting with an offshore site as being against the law.
Details of the 2020 Summer Olympics
The 2020 Summer Olympics are in Tokyo, China. This will be the first time a city has hosted both the Summer and Winter Olympics.
The Olympic action takes place between July 24 and August 9th. Due to the distance, there is quite a significant time difference between the broadcast and actual events. If you’re tuning into the live broadcasts, you must account for the difference based on where you live. We’ve broken it down for you:
- Eastern Time: 14 hours
- Central Time: 15 hours
- Mountain Time: 16 hours
- Pacific Time: 17 hours
NBC, NBCSN, CNBC and USA will all be broadcasting the Olympics live throughout the competition. You can log on to NBCSN’s website for online streaming. There are also numerous other media outlets hosting streaming options for the 2020 Summer Olympic Games.
What Events Are In The 2020 Summer Olympics?
There are 15 different categories for fans to bet on in this year’s Winter Olympics. Each category is broken down into sub-categories with more specific variations. We’ve included the main categories below:
- Modern Pentathlon
- Sport Climbing
- Table Tennis
American Athlete Spotlight
The Summer Olympics are just around the corner and we wanted to give our readers a heads up to some of the potential top performers at the Olympic games. Below you will find a list of Athletes who are expected to perform well and the events they will be competing in.
- Simone Biles - Gymnastics
- David Boudia - Diving
- Katie Ledecky - Swimming
- Kerri Walsh Jennings, Nicole Branagh - Beach Volleyball
- Shaun White - Skateboarding
2022 Summer Olympics Odds and Favorites
There are different odds for each individual event, but some nations are considered to do better on a whole than others. The top favorited nations to pull in the most medals are:
- Soviet Union
- Great Britain
2020 Summer Olympic betting odds are updated daily with more fixtures and lines. You can track the schedule of events to see which are coming up so you can plan your wagers accordingly.
2020 Summer Olympics FAQs
What Country Has Won The Most Summer Olympic Goold Medals?
The USA has dominated the Summer Olympics and currently has a total medal count of 2,520. The country with the second most medals is the Soviet Union with 1,122 Summer Olympic Medals.
When Did The Olympics Start?
The Olympics date back to the 8th century B.C. when the games were held in Olympia, Greece. They were held every four years for twelve centuries before they were outlawed by Emperor Theodosius I.
When Were Females First Allowed To Participate In The Olympic Games?
Women were first allowed in 1900 at the Paris Olympic Games. That year only lawn tennis and golf were offered to women players. In 1928 women's athletics and gymnastics were both added to the Olympic Games.