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Tokyo 2020

2020 Tokyo Olympics Betting Odds

Posted by Ryan Fowler . Last updated:

Though not affiliated with any one country, the global coronavirus pandemic did set an Olympic record last year when it became the first time the modern games were postponed. Since 1896, the summer and winter Olympics were cancelled a total of five times due to World War I and II, but up until the Tokyo Olympics 2020 never had there been a temporary delay. However, Japan’s Summer Olympics Games are scheduled to be held later this year, July 23 – August 8, 2021. This guide will walk you through everything you need to know about Tokyo Olympic odds, how to bet on the Olympics, schedule of events, how to read Olympic odds and revisit Japan’s Olympic history.


Tokyo 2020 Odds to Win Most Gold Medals

According to Statista, the United States of America has won 2,522 Summer Olympic medals, by far the most of any country and nearly 1,000 more than the Russian Empire, Soviet Union and Russian Federation combined, which rank second all-time. So, it should come as no surprise that the USA is the heavy -800 favorite to win the most gold medals at the Tokyo Olympics 2020.

China is the only other country with better than 15-to-1 odds to win the most Summer Olympic gold medals. Though they’ve only participated in 10 summer games, the country ranks fourth in most gold medals with 224 first place finishes.

Summer Olympics 2020 host Japan are 16-to-1 to win the most gold medals, tied with Great Britain for the third-best odds.

Country to Win Most Olympic Gold Medals Odds
USA πŸ‡ΊπŸ‡Έ -800
China πŸ‡¨πŸ‡³ +550
Great Britain πŸ‡¬πŸ‡§ +1600
Japan πŸ‡―πŸ‡΅ +1600
Germany πŸ‡©πŸ‡ͺ +4000
South Korea πŸ‡°πŸ‡· +5000
Australia πŸ‡¦πŸ‡Ί +10000
France πŸ‡«πŸ‡· +10000
Netherlands πŸ‡³πŸ‡± +10000

Odds via Bovada/Subject to Change

Most Medals at 2016 Summer Olympics

The United States really did run away with Rio’s 2016 Summer Olympic medal count finishing with nearly 20 more gold medals than Great Britain and capturing the total medal count 121-70 over China.

Country 2016 Gold Medals 2016 Silver Medals 2016 Bronze Medals
USA 46 37 38
Great Britain 27 23 17
China 26 18 26
Russia 19 17 20
Germany 17 10 15

Tokyo Olympics Schedule of Events

Did you know there are now 33 Summer Olympic sports compared to just 15 Winter Olympic sports? This leads to a jam packed two-week schedule of events of which some start beforeΒ Tokyo’s Olympic Opening Ceremony on July 23. While baseball and softball return to the summer games for the first time since 2008, karate, skateboarding, sport climbing, and surfing make their Olympic debuts.

Sport Number of Events Dates
Aquatics πŸŠβ€β™‚οΈ 49 Swimming: July 24-August 1, 4-5
Diving: July 25-August 7
Archery 🏹 5 July 23-July 31
Athletics (Track & Field) πŸ‘Ÿ 48 July 30 – August 8
Badminton 🏸 5 July 24 – August 2
Baseball/Softball ⚾️ πŸ₯Ž 2 July 21-22 & July 24 – August 5, 7
Basketball πŸ€ 4 3×3: July 24-July 28
5×5: July 25-August 8
Boxing πŸ₯Š 13 July 24 – August 1 & August 3 – August 8
Canoeing πŸ›Ά 16 July 25 – July 30 & August 1 – August 7
Cycling 🚴 22 July 24 – August 8
Equestrian πŸ‡ 6 July 24 – August 7
Fencing 🀺 12 July 24 – August 1st
Field hockey πŸ‘ 2 July 24 – August 6
Football (soccer) ⚽️ 2 July 21 – August 7
Golf ⛳️ 2 Men: July 29 – August 1
Women: August 4 – 7
Gymnastics πŸ€Έβ€β™‚οΈ 18 July 24 – August 8
Handball πŸ€Ύβ€β™‚οΈ 2 July 24 – August 8
Judo πŸ₯‹ 15 July 24 – July 31
Karate πŸ₯‹ 8 August 5 – 7
Pentathlon πŸ”«/🀺/πŸŠβ€β™‚οΈ/πŸ‡/πŸƒ 2 August 5 – 7
Rowing πŸš£β€β™‚οΈ 14 July 23 – July 30
Rugby πŸ‰ 2 July 26 – July 31
Sailing ⛡️ 10 July 25 – August 4
Shooting πŸ”« 15 July 24 – August 2
Skateboarding πŸ›Ή 4 July 25-26 & August 4-5
Sport climbing πŸ§—β€β™‚οΈ 2 August 3-6
Surfing πŸ„β€β™‚οΈ 2 July 25-August 1
Table tennis πŸ“ 5 July 24 – August 6
Taekwondo πŸ₯‹ 8 July 24 – July 27
Tennis 🎾 5 July 24 – August 1
Triathlon πŸƒβ€β™‚οΈ 3 July 26-27 & July 31
Volleyball 🏐 4 July 24 – August 8
Weightlifting πŸ‹οΈβ€β™€οΈ 14 July 24 – July 28 & July 31-August 4
Wrestling πŸ€Όβ€β™‚οΈ 18 August 1 – August 7


How to Read Olympics Odds

Depending which online sportsbook you decide on, Tokyo Olympics 2020 betting odds may look different from site to site. The three Olympic odds you need to understand how to read are American moneylines, British fractional and European decimal.

American Odds

American Odds

On the plus-minus side

American odds are often referred to as the moneyline. Favorites are typically distinguished with a minus symbol (-) before the odds, while underdogs are typically noted with a plus symbol (+) prefix.

For example, when looking at the odds for which country will win the gold medals, the USA is -800. This means an $800 wager would be required to win $100 should the United States capture the most top spots on the podium. China at +550 means a $100 wager would cash in $550 should that country finish with the most gold medals.

British Fractional Odds

British Fractional Odds

Slash to cash

Fractional odds are also known as British odds or even traditional odds. They are typically written with a slash (/) or hypen (-) featured.

For example, Great Britain’s odds to win the most gold medals are 16/1 or 16-1. This means a better backing the Brits would win $16 for every $1 wager should that country finish with the most golds.

Some other fractional odds may look a bit odd, like 10/11 or 9/5. In this case, the better would win $10 for every $11 wagered or win $9 for every $5 wagered, respectively.

European Decimal Odds

European Decimal Odds

Get to the point

Also known as continental odds, decimal odds are quite popular across Europe and several other countries around the globe. Decimal odds are calculated by taking the stake multiplied by the odds.

For example, the USA’s -800 moneyline American odds, would be 1.13 in decimal odds. So, you take the 1.13 x $100 wager to get a potential return of $113 on a $100 bet. In the Great Britain example, their decimal odds would be 17.0

Where to Bet on the Summer Olympics

Here are the best sports betting sites for Tokyo Olympics 2020:

Top Betting Events at the Summer Olympics

While NBC Sports and Nielsen don’t share specific Summer Olympic viewership numbers by sport, the network and television ratings company did admit that gymnastics, track and field and swimming are typically the most-watched events in the United States. It’s no coincidence that the USA continues to churn out some of the world’s best athletes in those sports who are among the favorites to win gold at the Tokyo Olympics.

Simone Biles Tokyo Olympics


American gymnast Simone Biles walked away from the 2016 Rio Olympics with four gold medals, one bronze and as one of the most-decorated female athletes at the last summer games. Though already an Olympic legend at 24, expectations of USA gymnastics to win gold remain a constant every four years.

Katie Ledecky Tokyo Olympics


American swimmer Katie Ledecky won the hearts of her home country by winning a gold medal at the 2012 Summer Olympics in London and then cemented her legacy by snatching four more medals at the Rio summer games. She currently holds the world records in the women’s 400m, 800m and 1500m freestyle. It’s no wonder she draws a lot of comparisons to Olympic G.O.A.T. Michael Phelps.

Noah Lyles Tokyo Olympics

Track and Field

The United States is eager to introduce a new generation of track stars at the Tokyo Summer Olympics.

While sprinter Noah Lyles won’t break Usain Bolt’s world record in the 100m, his 19.50 in the 200m has the 23 year old (will turn 24 just before games) chasing gold.

Former LSU sprinter Sha’Carri Richardson ranks in the top ten fastest women for the 100m dash. University of Kentucky’s Abby Steiner earned a double-scholarship for soccer and track, but her time in 200m likely has her headed to Tokyo.

Also, keep tabs on both the men’s and women’s 4×400 relay teams so long as they can hold onto the baton, they’ll be in the medals mix.

Team USA Basketball Tokyo Olympics


Team USA basketball hasn’t lost a game since the 2004 summer games in Athens and won three consecutive gold medals at the 2008, 2012 and 2016 Summer Olympics. While we wait to hear who is named to the final roster and which athletes elect to sit these games out, odds are strong that head coach Gregg Popovich’s squad will be stacked.

Team USA Women's Soccer Tokyo Olympics

Women's Soccer

After winning the gold medal in four of its first five Summer Olympics, the USA women’s soccer team had to settle for fifth place at the 2016 summer games in Rio. However, the back-to-back World Cup champions seem poised to right that wrong heading into Tokyo.

Olympics Betting FAQs