How to Bet on the 2024 Paris Olympic Games at Crypto Casinos

The 2024 Paris Olympic Games are in full swing. With nearly 10,000 athletes competing at 329 events in 32 sports over two weeks, the Olympics is an unparalleled spectacle of sporting spirit and athleticism. The Olympic Games also offer an exciting opportunity for sports fans to engage in betting and potentially win big. Several crypto casino platforms, such as Stake.com, Trust Dice, BetOnline, and 1xBit, have offered elaborate sportsbooks covering the Olympics. These betting opportunities can be used by both seasoned and amateur bettors.

Sports betting is not entirely a matter of luck. You may have some idea of which players or teams have a greater chance of winning. Your knowledge of the specific sports, athletes, teams, etc, plays an important role in the quality of your bets. Whether you are a seasoned bettor or an amateur, you need adequate knowledge and information to wager on Olympic sports events confidently.

In this guide, we will confidently unravel everything you need to know to be able to bet on the Paris Olympic Games.

Understanding Betting Options on the 2024 Paris Olympic Games

In sports betting, there are a few well-known betting options. The same is true for the Paris Olympics.

Outright Winners: This is when you bet on the overall winner of an event or competition. For example, you can bet on a player who will win the Men’s Singles Tennis gold medal or the 100-metre men’s race. Outright bets can also be placed on teams. You can place outright bets on almost all sports in the Olympics.

Medal Bets: Crypto casino apps offer several options for medal bets. For example, you can bet on which country will win the most gold medals or medals (gold, silver, and bronze medals combined), or on the country that may win the gold, silver, or bronze in specific games. Medal bets can also be placed on individual players.

Head-to-Head Matchups: In this type of betting, you bet on a specific athlete. It could be a specific match between two players in a larger tournament where the outright winner is a few matches away.

Prop Bets: Prop bets are placed on specific aspects of an event, such as the total points at a specific stage of the match, whether a match will extend to extra time, or if a specific player/s will be part of the team. Prop bets bring variety and excitement to Olympic betting.

Popular Olympic Betting Markets

• Athletics
• Badminton
• Basketball
• Boxing
• Canoe Kayak
• Cycling
• Fencing
• Football
• Gymnastics
• Handball
• Judo
• Table Tennis
• Taekwondo
• Tennis (Women’s and Men’s)
• Swimming
• Women’s and Men’s Golf

How to Create an Account and Wager on a Crypto Casino

Wagering on the Paris Olympic Games on a crypto casino platform is easy. You can create an account and start wagering in a few steps.

Steps to Create an Account:

Choose a Crypto Casino Platform: Before choosing a crypto casino, research it thoroughly to ascertain fairness, reliability, and security standards. At Best Bitcoin Casinos, we have researched and curated a list of reliable crypto casinos. You can consider them for your Olympic Games betting.

Registration: The registration process requires you to input personal details, including your email ID. You will then create a username and password to get started with the crypto casino app.

Deposit Funds: Once the registration is complete, you should deposit funds into your account. You can use acceptable cryptocurrencies or other assets to fund your account.

Find Olympic Betting: On your crypto casino app, navigate to the sportsbook section and locate Olympic betting options. Spend some time exploring the events you wish to wager on. Ensure you understand everything about the wagering process before you place your bets.

Place Bets: Choose the events and amount you want to wager and place your bets.

Important Notes: You should complete the KYC formalities to withdraw funds from your account. The requirement varies by jurisdiction and casino platform. Ensure you know how to withdraw funds from your casino account and have completed the necessary formalities.

How to Read Olympic Betting Lines and Odds

Olympic betting lines and odds may appear a little cryptic to new bettors. However, they are the same as in any other sportsbook. The odds are mentioned in three ways.

American Odds

Negative (-) Numbers: Negative numbers indicate they are the favorite in American odds. It indicates how much you need to bet to profit $100. If the odds are -200, you must bet $200 to win a $100 profit.

Positive (+) Numbers indicate the underdogs. A positive odds indicates how much you win if you bet $100. If the odds are +300, it means you will win $300 if you bet $100.

Decimal Odds

Decimal odds are more common in Europe and Australia. They represent the total return for a $1 bet. For example, an event with 3.50 odds means your $1 bet will win $3.50 ($2.50 in profit).

Fractional Odds

Online casinos based in the UK use this type of odds. An odd of 4/1, for example, means you win $4 for your $1 bet.

Key Points

Favorites: Negative odds (American), lower decimals/fractions.

Underdogs: Positive odds (American), higher decimals/fractions.

Higher Odds: Bigger payout, lower win chance.

Lower Odds: A smaller payout means a higher win chance.

2024 Olympic Games Betting Tips & Strategies

Betting on the Paris Olympics is similar to betting on other sports events. However, the large number of events and athletes at the Olympics may require additional research and planning to tap the maximum potential of the mega event. Here are a few expert tips:

Research Extensively: You should avoid making random bets on sports events. Instead, you should research who could or could not win the competition. By doing enough research, you can get an idea of the player who has more chances of winning the competition. You should research well before placing your bets on the Olympic Games.

Focus on Fewer Bets: Although the Olympics offer many games, you should focus on betting on a limited number of events on which you have done thorough research. You should ensure the quality of the bets you make instead of the number.

Compare Odds: If you are betting on specific events, you should compare different platforms to see if any of them offer better odds for the same event. It makes sense to choose the platform that gives you a higher winning amount for the same amount of bet.

Explore Different Bet Types: Sometimes, predicting an outright winner is difficult. In such situations, you can consider other betting opportunities, such as prop bets and head-to-head matchups.

Utilize Betting Promotions: Online crypto casino platforms offer various promotions to boost your bankroll and winnings. Before placing your bets, you should check for any available promotions.

Take Away

Paris Olympics 2024 offers exciting opportunities for bettors. Several crypto casino platforms, such as Stake.com, Trust Dice, BetOnline, and 1xBit, have offered elaborate sportsbooks covering the Olympics. These betting opportunities can be used by both seasoned and amateur bettors. Opening an account on a crypto casino platform involves a few easy steps, and you are soon ready to bet.

Research the games, their current and previous winners, and sportspersons before you place your bets. Knowledge plays an important role in sports betting. Finally, bet only as much as you can afford to lose and never lose sight of the principles of responsible gambling.