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Summer Olympics Betting Sites

Update:

The 2024 Olympics marks the 100th year that the Philippines has competed in the Games. That makes it a big year for the county and perhaps the ideal time to explore Olympics betting sites and get involved. Olympic games betting offers a unique opportunity to wager on a huge range of sports with world-class athletes competing for two weeks. As you read on, we’re going to share with you the best Olympic betting sites where you’ll find the best odds and markets. Our Olympic games betting guide will also help you to know the best bet types and how to place them.

List of 2024 Olympics betting sites

Found: 13 Bookmakers

  1. GGbet

    Rating: 8.5/10

    • 10+ Deposit Methods
    • Active Esports markets
    • Functional Mobile App
    • Bet insurance promotion

    Bonus up to 230000 PHP

    18+T&C apply, BeGambleAware.org

    BET HERE Go to GGbet website GGbet Review
  2. Megapari

    Rating: 7.5/10

    • Extremely competitive odds
    • Comprehensive Esports offering
    • Jackpot games
    • Innovative ‘Advancebet’ feature

    100% bonus up to 20700 PHP

    18+T&C apply, BeGambleAware.org

    BET HERE Go to Megapari website Megapari Review
  3. Bons

    Rating: 7.7/10

    • 100% combo boosts
    • Ongoing cashback up to 12.5%
    • 6.38% average margins
    • 8,000+ live events per month

    200% bonus up to 2,500 PHP + 500 PHP freebet

    18+T&C apply, BeGambleAware.org

    BET HERE Go to Bons website Bons Review
  4. Melbet

    Rating: 8/10

    • Huge variety of bonuses for sports betting
    • 35 deposit methods popular in the Philippines
    • Full mobile compatibility thanks to Android and iOS apps

    100% bonus up to 6,000 PHP

    18+T&C apply, BeGambleAware.org

    BET HERE Go to Melbet website Melbet Review
  5. 1xbet

    Rating: 7.9/10

    • Variety of payment methods
    • 1XPH - promo code for a start
    • Competitive odds
    • Fast withdrawal times

    100% bonus up to 90,000 PHP

    18+T&C apply, BeGambleAware.org

    BET HERE Go to 1xbet website 1xbet Review
  6. BK8

    Rating: 7.9/10

    • Competitive odds and margins
    • Welcome bonuses?for sports and casino
    • Live betting and lottery?sections
    • Extensive coverage of sports markets

    120% bonus up to 10,000 PHP

    18+T&C apply, BeGambleAware.org

    BET HERE Go to BK8 website BK8 Review
  7. 22bet

    Rating: 7/10

    • Low minimum deposits
    • Decent odds
    • Variety of payment methods
    • Good betting markets

    Bonus up to 7500 PHP

    18+T&C apply, BeGambleAware.org

    BET HERE Go to 22bet website 22bet Review
  8. Jiliko

    Rating: 7.7/10

    • Lucrative bonuses
    • Diverse betting options
    • Easy navigation
    • Mobile apps

    300% bonus

    18+T&C apply, BeGambleAware.org

    BET HERE Go to Jiliko website Jiliko Review
  9. 20bet

    Rating: 8.2/10

    • A wide range of bonuses, tournaments and promotions
    • Fast withdrawals
    • Accepts crypto for bets
    • Live bets and other amazing features for punters
    • A native mobile app is available

    Bonus up to 60 PHP

    18+T&C apply, BeGambleAware.org

    BET HERE Go to 20bet website 20bet Review
  10. Bet88

    Rating: 8.5/10

    • Great betting odds
    • Innovative promotional material
    • Dynamic mobile app
    • Extensive live betting platform

    100% bonus up to PHP 8,888 + PHP 88 bonus

    18+T&C apply, BeGambleAware.org

    BET HERE Go to Bet88 website Bet88 Review
  11. Ivibet

    Rating: 8.1/10

    • 100% First Deposit bonus of up to 9,000 PHP
    • Comfortable payment methods for the Philippines
    • One of the most competitive odds on the market

    100% bonus up to $150

    18+T&C apply, BeGambleAware.org

    BET HERE Go to Ivibet website Ivibet Review
  12. 1Red

    Rating: 8.4/10

    • Excellent welcome offer
    • Amazing live betting platform
    • Great odds
    • Well-designed mobile betting

    50% bonus up to €100

    18+T&C apply, BeGambleAware.org

    BET HERE Go to 1Red website 1Red Review
  13. Hotbet

    Rating: 7.9/10

    • Sensational welcome offers on casino and sport
    • Personalised betting experience with My Events
    • Broad choice of payment methods
    • Quick banking procedures

    100% bonus up to 10,000 PHP

    18+T&C apply, BeGambleAware.org

    BET HERE Go to Hotbet website Hotbet Review

Top 2024 Olympics betting sites that we recommend

Update:

875x700-top-2024-olympics-betting-sites

Before you get started with Olympics betting, you’ll want to check out our list of the best sportsbooks. As you read on, you’ll find details of the sites that we use ourselves for Olympic sports betting. If you use these, we can guarantee a first-class experience. So, before you place a single bet, here are the sportsbooks that you need to explore:

1. Bet88

2. GGbet

3. 1Red

4. Betvisa

5. 20bet

Criteria for choosing the best Olympic betting sites

When it comes to getting involved in betting Olympics online, there are so many choices in the Philippines. That’s why we have a strict range of factors that we explore so that we can identify the best. We’re going to share the exact criteria that we look at so that you can be sure of an outstanding experience with great winning potential.

  1. Licensing and regulation

    The first thing that will check out is if the betting site is licensed and regulated. We look for respected regulators such as the government of Curacao and the Malta Gaming Authority. Betting on Olympic games at a site with no license is risky. Generally, such sites aren’t even legal, and if they are there’s always a chance that they will take your money and run.

  2. Coverage of Olympic events and competitive odds

    The sites that we recommend will always cover a wide range of Olympic sports. We always check that the most popular events are covered, such as the 100m, swimming events, and football. Beyond that, we like to see slightly niche events. This year that means looking for markets for new Olympic sports like skateboarding and breakdancing.

  3. Competitive odds

    Olympic games betting odds are another vital area that we explore. We compare a range of sportsbooks to make sure that the ones that we recommend only offer the very best Olympic odds. Why do odds matter? Well, the more competitive they are, the better the return you’ll see on your bets, and that’s what we want for our readers.

  4. Variety of betting markets

    Olympic betting odds are important, but what matters more is that they’re competitive across a range of betting markets. Markets like outright winners and over/under and ideal for all bettors, no matter how experienced they are. We also like to see the chance to bet on spreads too, although these are more suited to those who have a full grasp of how these work. The sites we recommend have the best Olympic bets and they appeal to all punters.

  5. Bonuses and promotions

    Our recommended betting sites also offer some attractive bonuses and promotions. We check out the welcome bonuses up for grabs and like to see generous matched deposits and free bets. It’s also good to see promotions that are tailored for the Olympics themselves. This could be things like free bets on certain events, boosted odds, or reloads. No matter what bonus appeals, just be sure to check out the terms and conditions before you try to claim.

  6. Mobile wagering

    The ability to bet on the go is a must, and we make sure that our recommended betting sites deliver here. We like to see top-quality apps to bet on sports games that can be used on Android and iOS devices alike. These apps bring an extra layer of convenience to Olympics betting thanks to push notifications that keep you in the know.

  7. Customer support

    No one likes to think about anything going wrong, but sometimes they just do. It could be that your deposit won’t go through or maybe your withdrawal seems to be taking too long. No matter what the issue, you need to be sure that your chosen Olympic betting site is there to support you. Before recommending sites, we check out the levels of customer support. We like to see 24/7 live chat options so that our readers can get help no matter what the time. Phone support is also good to see, although this is quite rare now.

  8. Payment options

    The best Olympic betting sites on our list also come with payment methods that are trusted and secure. We look for sites that have a range of options so that punters can find the ones that are most suited to them. There's also a need to look at the levels of deposit and withdrawals. There needs to be a wide range of limits here so that all budgets are catered for. Bonus points go to sites that offer fast withdrawals so that our readers can access their winnings as soon as possible.

Top Olympic betting sites

We’ve now reached the stage where we’re going to share the details of the best Olympic betting sites for punters in the Philippines. The sportsbooks that follow have all been rigorously tested and we’ve ensured that they meet our standards. Let’s take a look at the sites that you should be heading to this summer:

1. Bet88

Screenshot of the bet88 sport page

Launched in 2020, Bet88 is a top site in the Philippines. With a license from the Philippine Amusement and Gaming Corporation, you can be sure that this bookie is one that can be trusted.

If you’re looking to bet on the Olympics, signing up as a new customer can see you rewarded with a 100% matched deposit to 8,888 PHP. This bonus is a great way to boost your bankroll for betting on Olympic sports such as tennis, football, and basketball.

Payment methods here include GrabPay, StarPay and a range of cryptocurrencies. You can deposit anywhere from 1 PHP with no upper limit. There’s no upper limit to withdrawals either and these start at 100 PHP.

We were impressed with what this operator offers, but let’s look at what our expert, Evelyn Balyton, is saying about the Bet88 site:

Author Evelyn Balyton Evelyn Balyton

The welcome bonus here is the perfect boost to your summer of Olympic betting. By claiming this you can explore a range of Olympic events that come with competitive odds.

  • Limitations
  • Limited payment methods
  • Page can appear cluttered

2. GGbet

Screenshot of the ggbet sport page

This Philippines betting site was launched back in 2016 and has a Curacao license. This means that it’s a secure destination for your Olympic betting.

New customers have the chance to claim a 125% matched deposit up to 10,000 PHP. There are also ongoing offers such as the daily place a bet and get a bet free. These bets could be very useful during the Games and we’d be tempted to place them on football as the margins are right down at 3.2%. Across the board, we found competitive Olympics betting odds.

You can make deposits and withdrawals with a range of methods. These include popular e-wallets such as Skrill and Neteller. You can deposit anywhere from 1 PHP while the minimum withdrawal is set at 100 PHP.

Let’s see what our expert, Evelyn Balyton, has to say about the GGbet site:

Author Evelyn Balyton Evelyn Balyton

This site has low margins across all sports, but those on football really stand out. I’d recommend using this site for your Olympics football bets.

  • Limitations
  • No live streams
  • No mobile app

3. 1Red

Screenshot of the 1red sport page

Launching 2023, 1Red is one of the newer Philippines sportsbooks. The good news is that it has a Curacao license and we’re happy that it’s safe and secure.

Looking at the welcome bonus here, we found that punters need to use Euros. The offer gives you a 50% match up to €100. While attractive, it’s far from being the most generous we’ve seen. The good news is that there are ongoing offers though, and these include the likes of acca boosts.

We were pleased to see active markets for archery and sailing. These Olympic events don’t always have the best coverage so 1Red could be the go-to place to wager on these.

To deposit at 1Red, you can use the likes of Visa, Skrill, and Neteller. Deposits can be between €20 and €5,000 while withdrawal limits are €30 - €5,000.

Here’s what our expert, Evelyn Balyton, thinks of the 1Red site:

Author Evelyn Balyton Evelyn Balyton

1Red lacks when it comes to its welcome bonus, but the ongoing offers more than make up for this.

  • Limitations
  • No app
  • Limited currencies

4. Betvisa

Screenshot of the betvisa sport page

Since 2017, Betvisa has been offering a top sports betting experience. With a license in place from the Curacao government, it has also shown itself as being trustworthy.

The welcome bonus here offers a 50% match up to 3,000 PHP. However, what makes this site great for Olympics betting are the great ongoing offers. There are daily reloads and even cash rebates on sports bets.

Betvisa has a range of payment methods, such as GrabPay. Help 2 Pay, and ZaloPay When it comes to deposits, the minimum is 200 PHP with no upper limit. Frustratingly, withdrawals can only be made via bank transfer. This takes 3-5 days, but there’s no upper limit, while the minimum is 500 PHP.

Let’s take a look at what our expert, Evelyn Balyton, has to say about the Betvisa site:

Author Evelyn Balyton Evelyn Balyton

Betvisa is a must visit site for the Olympics. The ongoing promotions means that punters can gain real value and boost their bankroll.

  • Limitations
  • Limited withdrawal methods
  • Excessive text detracts from the action

5. 20bet

Screenshot of the 20bet sport page

20bet is a well-established bookie that is known around the world. Like all top sportsbooks, it is fully licensed, with this one coming from the Curacao government.

The welcome bonus here is 100% up to 6,000 PHP. What’s even better is the fact that there’s a weekly reload that also goes up to 6,000 PHP. This is a generous offer, and one that you can use at the dedicated Olympics betting section. Here, you can already explore markets for fencing, judo, and canoeing. We’re sure more will be added before the Games get underway.

You can use the likes of Skrill, Neosurf and crypto to deposit and withdraw. In fact, there are more than 30 payment options here. Deposits and withdrawal limits start at 10 PHP with no upper cap.

Here’s what our expert, Evelyn Balyton, is saying about the 20bet site:

Author Evelyn Balyton Evelyn Balyton

I’m impressed with the dedicated Olympics section at 20bet and am looking forward to seeing how this develops.

  • Limitations
  • Difficult for beginners to use
  • Limited live streams

How to place bets on Olympic events

960x450-1-how-to-place-bets-on-olympic-events-min

We hope that you’re now keen to jump in and start to bet on Olympic events. Before you do, it’s important that you have a grasp of the different types of bets that are available. A proper understanding of this will help you to place the best bets. It’s also important to be able to read the odds and understand what they mean. Being able to do this means that you’ll be able to see how profitable a wager could be.

Once you’re comfortable with these points, placing a bet is simple. Here’s the steps to follow:

  1. Head to your chosen site and make sure you have funds
  2. Explore the events and markets you want to bet on
  3. Click on your chosen selection and it will be added to your bet slip
  4. Enter the amount you want to wager then click to confirm
  5. Wait for the event to end

How to sign up at a bookmaker to bet on the Olympics

960x450-2-how-to-sign-up-at-a-bookmaker-to-bet-on-the-olympics-min

Before you can bet on the Olympics, you’re going to need an account with one of the best sportsbooks. Here’s a look at the steps you need to follow to get your account up and running:

  1. Use our links to head over to an Olympic betting site
  2. Look for a button that says something such as ‘Register’ or ‘Join’
  3. Once you’ve clicked on the button, fill in your name, email address and date of birth
  4. Look out for an email to verify your account and click the link it contains
  5. You can then deposit in your new sportsbook account

A breakdown of different types of Olympic bets

The Olympic Games come with a wide range of bet types to get involved with. The more of these that you understand, the more opportunities you have to place a profitable bet. Only wagering on outright winners means that you’re leaving so much on the table, and we want to change all of that and give you the best chance of boosting your wins. Let’s take a look now:

Moneyline bets

If you’re new to Olympic betting, this could be a good bet type to introduce you to it. When you place moneyline bets, you’re wagering on an athlete or a particular country winning an event. Maybe you think that the Philippines’ own John Cabang is going to win the 110m hurdles. Perhaps you think the country will come up trumps in the 4x400m. These are just examples of many bets that you could place. Just remember that betting on favourites will mean lower odds and less profit. Sometimes a wager on an outsider, though riskier, can bring bigger wins.

Spread bets

If you want to venture into spread bets, this is about looking at the margins that an event is won by, rather than just the winner. Maybe you’re looking at the likes of the USA and you think that the country will top the gold medal table. There could be a spread offered of 32-37. For your bet to come in as a win, it’s not just about the US having the most golds: they need to have more than 37.

Prop bets

An easy way to explain prop bets is as yes/no bets. Examples could be will the Philippines win more than two golds? Will the world record to broken in the men’s 100m freestyle? As you can imagine, with so many events taking place during the Games, the number of prop bets will be huge.

Future bets

This type of bet is pretty well summed up by its name. With a future bet, you’re betting on a longer-term outcome rather than the likes of a winner of a race that's taking place right now. You may want to bet on things such as the country that will take the most golds, or the country that will have the most golds in the pool. These bet types are exciting as you have to watch them build up to the overall outcome with each event potentially taking you closer to a win. The slight downside is that when looking too far ahead, there’s more chance of unexpected factors creeping in and scuppering your chances.

Parlays

Parlays are also known as combos and multiples. This is where you bet on a number of events/outcomes and combine them as one. Generally, a parlay will have to have at least three legs to it. The thing with parlays is that the winnings can be massive. The more legs you add the higher the odds and the bigger the potential payout. However, it just takes one result to go against you for your bet to fall apart.

Over/Under bets

When looking at over and under bets, you’re betting on either the number of points/goals or the time a race is won in. Your sportsbook may say that the men’s 3,000 meters will be won in 7 minutes 40 seconds. You can then bet on whether the winner will be over or under this time. In football, the betting site may say that there will be 2.5 goals in total. Again, you can bet on whether there will be more or less.

Live betting

We’re huge fans of live betting and the excitement that it brings. It allows you to look at an event that’s taking place right now and then place a bet. The advantage of this is that you're not just guessing before an event has started. You can see it unfold and base your bet on that. Imagine the favourite to take the gold in the football final showing a less-than-great display in the first 15 minutes. That could well tempt you to bet against them and secure some good odds. Talking of odds, these can change rapidly with live bets, so you’ll need to monitor these closely.

List of Summer Olympic sports

Table about List of Summer Olympic sports
Date(s) Event Location Betting Notes
August 1, 2024 Swimming (Women’s 200m Butterfly Final, Women’s 200m Breaststroke Final & Men’s 200m Backstroke Final Paris La Defense Arena N/A
August 2, 2024 Men’s Soccer Quarter Finals Multiple N/A
August 3, 2024 Women’s 100m Final Stade de France Sha’Carri Richardson favourite to win at 1.67
August 4, 2024 Men’s 100m Final Stade de France Kishane Thompson favourite to win at 1.63
August 5, 2024 Men’s & Women’s Badminton Singles Gold Medal Match La Chappelle Arena N/A
August 6, 2024 Women’s 200m Final, Men’s 1500m Final, Men’s Long Jump Final & Women’s 3000m Steeplechase Final Stade de France N/A
August 7, 2024 Men’s 40m Final & Men’s Boxing 80kg Final Stade de France & Roland-Garros Stadium N/A
August 8, 2024 Men’s 200m Final & Men’s Hockey Gold Medal Match Stade de France & Yves-du-Manoir Stadium Belgium favourites for hockey at 4.25
August 9, 2024 Men’s Soccer Gold Medal Match Parc des Princes France are favourites at 3.5
August 10, 2024 Men’s Basketball Gold Medal Game Bercy Arena USA are favourites at 1.22

Tips for betting on the Olympics

  1. Watch for injuries

    The first of our Olympics betting tips is about keeping an eye on athletes and the condition that they’re in. If they get injured during training, then there’s a good chance that will impact on their performance. By staying on top of updates and news you can think more about where you’re going to place your money. You may decide that the favourite isn’t worth a wager when carrying an injury.

  2. Consider home advantage

    When athletes are performing in front of a home ground, there’s no escaping the fact that they experience a boost. The chants of home supporters go some way to spurring them on and they’re also familiar with the tracks, pitches, and pools being used. Looking for proof of the home advantage? A look at Great Britain in 2012 shows how far this boost can go as the country had one of its most successful Games ever. Then there was Japan in 2020, taking more than 25 golds and smashing their previous displays.

  3. Watch the Weather

    Outdoor sports can be significantly impacted by the weather. Consider extreme heat and the athletes that may relish these conditions. If the temperatures take an unseasonal dive, are there countries that are likely to perform better? Also, consider the likes of high winds. These can play havoc with sailing, and even football.

Responsible gambling

Remember, betting on the Olympics should be something that you enjoy. Betting at an unlicensed and unregulated site can quickly bring this fun to an end. When you’re at legitimate sites, you’ll find that they have a host of tools that can help you to gamble within your limits. If things do start to get out of hand, they also signpost to a range of organisations that can help.

https://www.gamblingtherapy.org/?location=philippines

https://www.pagcor.ph

Summer Olympics betting FAQs

? Which countries won the most medals in the last Olympic Games?

The United States topped the medals table with 39 golds and 113 medals in total. They were followed by China, with 89 medals, and Japan, with 58, The Philippines found itself ranked 50th with 4 medals.

? How many players over the age of 23 can play in the Olympics soccer tournament?

The rules for Olympics soccer changed in 1996 when it was decided that the teams would be made up of people no older than 23. As things stand now, each team can have a maximum of three players over this age.

? What are the new sports at the 2024 Olympic Games?

It’s good to see new sports being added to the Olympics and these allow for even more betting opportunities. The new sports arriving in Paris are sports climbing, surfing, breakdancing and skateboarding.

? What are the cities that will host Olympic venues except Paris?

While Paris is the main focus for the 2024 Olympics, other cities will be hosting events too. You can see events in Nice, Lyon, Saint Etienne, Bordeaux, Nantes and Marseille.

? Why won’t the Olympics host athletes from Russia and Belarus in team sports?

Russia and Belarus were banned from the Olympics following the invasion of Ukraine. While these athletes can’t compete as teams that represent their countries, they can compete in events under a neutral banner.

? Can you bet on the Olympics?

Yes, you can bet across all of the Olympic sports during the games. Take a look at the sites that we recommend so that you can be sure of a first-class betting experience.

? Where can I bet on the Olympics?

There are many sportsbooks where you can bet on the Olympics. By using the sites that we recommend, you can be sure that you’re using a legitimate one that’s safe and secure. You can also be sure that you’ll be betting with the best odds.

? How do you read Olympic betting odds?

Decimal odds appear as numbers with one or two decimal places, such as 1.50 and 2.75. The lower number would be the favourite, so the lower the decimal number, the higher the chance of that outcome happening. The one with the higher number is the underdog.

? What are the best Olympic bets?

Outright bets are great for newcomers when you bet on a winner. Prop bets can be real fun at the Olympics as you can bet on whether or not a certain thing will happen. Parlays are also worth exploring. These can be high risk but offer great rewards.

Review Author

Evelyn Balyton

Evelyn Balyton

Strategic Sports Betting Planner: Expert in Long-Term Strategy Development for Sustained Betting Success.