Tokyo Olympics 2020 Betting Guide

After a one-year delay, the Tokyo 2020 Olympics is set to finally get underway, representing the 32nd Olympiad of modern times. Based on market trends, and the fortunes of teams going all the way back to 1896, this guide to Tokyo Olympics 2020 betting will provide you with the in-depth information you need to make the Summer Olympics a personal success.

Best Betting Sites for Tokyo Olympics 2020

Bet365 logo

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  • Place bets on the move with bet365 app


Marathon bet logo

  • Extensive selection of online betting markets
  • Excellent outright sportsbook betting odds
  • Dedicated results and stats corner for match betting


888sport logo

  • Get free bets with sports betting online
  • Promos tailored to wagering preferences
  • Place sportsbook bets on the go with the 888sport app


1bet Logo

  • Bet on various and get free bets
  • Dedicated portal with a simple registration process
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1xbet logo

  • Bet on all sports and get free bets
  • Follow live action in Tokyo 2020 Olympics events
  • Safe deposit and hassle-free withdrawal


Top 5 Best Betting Sites for Tokyo Olympics 2020

Below, we have included a rundown of the best operators for betting on the Summer Olympics with the shortlist based on three criteria – global popularity and annual traffic, value during the 2016 Olympics and their online reputation, as shown on independent review sites.

  1. bet365
  2. Marathonbet
  3. 888sport
  4. 1BET
  5. 1xBet

Tokyo Olympics 2020 Betting Odds & Predictions

The best odds for Tokyo Olympics 2020 betting, including those on sports betting India sites, are displayed in the table below.

Tokyo Olympics 2020 Betting Odds

Country Odds Best Odds
USA 1.10 Unibet
China 7.00 Unibet
Great Britain 14.00 Unibet
Japan 18.00 Unibet
Germany 51.00 Unibet
ROC / Other 67.00 Unibet
Korea 81.00 Unibet
France 151.00 Unibet
Australia 251.00 Unibet
Netherlands 251.00 Unibet

Last updated on 25 February 2021

Tokyo Olympics 2020 Betting Predictions

Once again, the USA are well-deserving of their status as favourites in Tokyo Olympics 2020 betting to top the medals table. They have done so for the previous six Summer Olympics in succession, going back to the Games of 1996 held in Atlanta, GA.

The USA’s route to topping the table is by sheer weight of numbers. As the most populous country in the developed West, with relatively ample resources in every sport imaginable, they therefore unsurprisingly dominate certain events. With a multitude of new sports being introduced yet again, the USA has even more of an edge than usual in key markets involving Tokyo Olympics 2020 betting.

Tokyo Olympics 2020 Betting Tips

Live and Pre-event Wagering

Placing bets in the main outright markets, such as ‘Most Medals’ and ‘Most Gold Medals’, before the start of the Olympics, is always a wise move. Even if the USA do claim the most medals, their odds will still shorten as the Tokyo 2020 Olympics progress, meaning that anyone placing a bet on them – even if they only do so as a protection against losses – needs to do it before the Americans begin to win their inevitable slew of medals.

The ‘protection’ against losses comes from the modest payout yielded by backing a firm favourite. For instance, if you wagered ₹1,000 on the USA to win the most medals, with odds of just 1.33 against them, you would be practically guaranteed ₹330 back in addition to the returned stake. While the ₹330 could not be claimed until the end of the Games, you could then use that ₹330 to safely bet on something much more speculative, but still realistic.

For instance, you might visit one of the top in-play betting sites to wager that money on Portugal winning gold in the soccer, being priced at a market average of 11.00 prior to the games. Of course, those odds would shorten drastically if they progressed beyond the first stage, again underlining the importance of betting early.

The same characteristic applies to live wagering on the Summer Olympics, where a team or individual with a lead in any competition based on points or goals will see their odds shorten significantly – a process that continues the longer they hold the lead during an event.

Naturally, that can also work the other way in Tokyo Olympics 2020 betting markets, and a prime example would be soccer. For example:

Gold medal outright favourites Brazil – with odds of just 1.33 against them to win this match – are facing Japan, who are significant outsiders at 9.00. Japan take the lead inside the first minute. So fancied were Brazil before the match, they are still favourites and will very likely come back to win with so much time still left, but their odds to win have lengthened to +250.

In this scenario, the greater potential payout justifies waiting for a shift rather than placing the wager in a pre-match setting.

How Parlay Betting Works

Parlay betting, or an ‘accumulator’ is a number of different bets all merged into one, meaning that all of them have to prevail to get a payout. The odds of each bet are multiplied together. For instance, let’s say you backed three different athletes to win gold in certain Tokyo 2020 Olympics events, as follows:

  • Smith to win gold in Archery (2.00)
  • Jones to win gold in the Javelin (2.50)
  • Brown to win gold in Fencing (4.00)

The three values would be multiplied together to make 20.00, which would give you winnings of ₹20,000 (₹19,000 profit) from a ₹1,000 bet if successful.

However, it is worth noting that not all selections must prevail if you choose so. If you used the same three selections, it may be possible for you to place any of two different types of parlay bet, but at a reduced profit due to the stake being automatically multiplied by the number of winning combinations:

  • A ‘double’: Two out of three (3 possible combinations), or all three (1) = x4 wager
  • A ‘patent’: One out of three, (3), two out of three (3), or all three (1) = x7 wager

As in the case of backing a favourite to win, which we mentioned earlier, such a wager would be most commonly used as protection against losses, with the winnings from modest profits used for more speculative bets.

Some bookmakers offer ‘teaser’ bets, in which you can ‘give’ outsiders more of an advantage in a handicap market, or ‘take’ points/goals away from a favourite, but with a reduction in the overall payout. Teasers require a bettor to back two outcomes, and both must prevail.

Meanwhile, a teaser bet enables bettors to add points to the spread of an outsider (or ‘underdog’) or subtract points from the betting favourite, but for a lower overall payout. Below is an example of how teasers work in the Tokyo 2020 Olympics:

  • Spain (outsiders) +11.5 to +12.5 handicap teased to +18.5 to +19.5 = 74% of usual payout
  • USA (favourites) -13.5 to -14.5 handicap teased to -17.5 to -18.5 = 82% of usual payout

If both selections prove true, the bettor wins 78% of the payout from a parlay double bet on the original handicap spreads. People with more experience, and expert knowledge in certain sports – such as traders – are normally the best performers in this type of market.

See also: The months covering the Summer Olympics are also peak cricket season in some parts of the world; if this interests you, take a look at our in-depth guide on how to bet on cricket.

Below, we have listed the main Tokyo Olympics 2020 betting markets and what is involved when placing a wager on them, along with brief guides to the most popular events for betting.

Most Gold Medals

This is a simple bet based on which nation will claim the highest tally of gold medals. It may also be possible to place an each-way bet, in which you back a nation to win this market and then place a separate bet on them finishing second. In this scenario, both stakes are returned if the team finishes top of the market. Each-way betting is also commonly found on the best India horse racing betting sites, the sportsbooks for which will include Olympic equestrian events.

As explained in the previous section, the United States is expected to win the most medals. However, it should be noted that the outright ‘winner’ – or at least the country at the top of conventional tables – is the one that has claimed the most gold medals. The USA have taken the most gold medals in all but one of the last six Summer Olympics, with the exception being Beijing in 2008, where hosts China took that accolade.

Best Tokyo Olympics 2020 betting site for Most Gold Medals: Unibet

Over / Under X Medals

This is a bet placed on whether a team will get over or under a certain number of medals. Naturally, this market is teased towards the expectations of a particular team – so for instance, the USA can be normally backed to claim over or under 99.5 medals (100 or more or 99 or less). This is a conservative example, though, as the line is often drawn significantly higher with most operators, given how the Olympics has expanded over the years.

Back in 2016, the Over / Under line was drawn at an operators’ average of 103.5; the USA managed to exceed that significantly with 121. This has fuelled expectations that the USA could have a medals tally in 2020  breaching 140, given the number of new and returning sports and events.

Best Tokyo Olympics 2020 betting site for Over / Under X Medals: 1xBet

Over / Under X Goals or Points

Anything that involves a scoring system is open to being covered by this market. It is a single bet placed on a team or individual scoring over/under a set tally of points or goals. You can also place a bet on the total points or number of goals combined in a single match.

Best Tokyo Olympics 2020 betting site for Over / Under X Goals or Points: BETWINNER

Winning margin

In most cases, this market is only open for events with a scoring system, whereby the bettors backs an exact margin of victory of one team or individual over another. In events determined by time or distance, such javelin throwing or the 400m hurdles, this is a rarity, though some special parlays may be offered.

Best Tokyo Olympics 2020 betting site for Winning Margin: BETWINNER

Handicap Goals or Points

This is mainly available in team sports, such as soccer. For example, if you backed Brazil to beat Uruguay with a -2.5 handicap, you would need Brazil to win by three goals or more for a payout.

Best Tokyo Olympics 2020 betting site for Handicap Goals or Points: BoyleSports

Win Method

Popular with combat sports, this market gives bettors the opportunity to back a specific method for an athlete to win – i.e a boxing match might end in a knockdown, stoppage or judges’ decision.

Best Tokyo Olympics 2020 betting site for Win Method: bet365

The first Olympic games took place in 1896, featuring 9 sports. Since then, many more have been added, ensuring there’s something for all to enjoy. Here are the most popular for fans and punters alike:


Basketball originally featured at the 1936 Summer Olympics in Berlin, with the USA men’s team beating Canada. Unsurprisingly, they have won 14 of the 17 post-war Olympiads in which they have participated, with the exceptions being 1972 and 1988, when they finished second and third respectively.

Argentina shocked the 2004 Games by winning the men’s gold, with the USA claiming only bronze that year. The 2016 Rio Games saw Serbia claim silver, and Spain get the bronze.

Women’s basketball has been an event since the 1976 Games of Montreal, with the USA winning gold in seven of eight Olympiads between 1984 and 2016, claiming bronze in 1992.

Best Tokyo Olympics 2020 betting site for Basketball: bet365


Boxing has been a consistent fixture of the Summer Olympics since its debut in 1904, though it was only in 2012 that women were included as part of the main schedule. Many famous boxers found their first successes as amateurs in the Olympic games, with Joe Frazier (Tokyo, 1964), George Foreman (Mexico City, 1968), Wladimir Klitschko (Atlanta, 1996) and Anthony Joshua (London, 2012) amongst the greatest gold medal winners ever seen.

Unsurprisingly, the USA leads the way, but Cuba lies a very impressive second, with medals widely expected for representatives of that nation at every Games without fail.


Nation Gold Silver Bronze Total
Cuba 37 19 17 73
Britain 18 13 25 56
Italy 15 15 17 47
Soviet Union 14 19 18 51

Last updated on 8 February 2021

Below is the complete list of Indian boxers that were active in the Olympics at the start of 2021.

Name Men's Division
Amit Panghal Flyweight
Manish Kaushik Lightweight
Vikas Krishan Yadav Welterweight
Ashish Kumar Middleweight
Satish Kumar Super Heavyweight
Name Women's Division
Mary Kom Flyweight
Simranjit Kaur Lightweight
Lovlina Borgohain Welterweight
Pooja Rani Middleweight

Last updated on 8 February 2021

Famous Indians boxers from the past include bronze medallists Vijender Singh (Beijing, 2008) and Mary Kom (London, 2012).

Best Tokyo Olympics 2020 betting site for Boxing: BoyleSports


Football is played and loved all over the world, with plenty of in-play and pre-match markets, as seen on the best football betting sites. It has been a sporting staple of the post-war modern Olympic Games, with a women’s tournament added to the calendar in 1996.

In the men’s events, Hungary lead the all-time table with three gold medals, though the last of those came in 1968. More recently, Brazil have been a safe bet for a medal, winning one of each colour between 2008 (bronze) and 2016 (gold). With home advantage, Japan will also aim to improve on the bronze they earned at the London 2012 Games.

USA enjoy a proud record in women’s football, taking gold at four of a possible six previous Summer Olympics. The only other winners are Norway (Sydney, 2000) and Germany (Rio, 2016).

Best Tokyo Olympics 2020 betting site for Football: Marathonbet

Field Hockey

Field hockey goes back to the 1908 Summer Olympics held in London, but it was not until 1948 that a non-British nation or former British colony claimed gold, with India’s men’s team doing the deed and marking their first Games as an independent nation in style.

The 4-0 win over Great Britain was a momentous occasion, and India defended their gold in the next two Olympiads, firstly beating the Netherlands 6-1, before defeating Pakistan four years later in 1956. The roles were reversed at Rome in 1960, but India returned the favour in 1964. Overall, India’s men’s team have eight gold medals in Field Hockey, if including those attained in colonial times.

Nation Gold Silver Bronze Total
India 8 1 2 11
Germany 3 4 2 9
Pakistan 3 2 3 8
Britain 2 4 3 9
Netherlands 4 3 5 12

Last updated on 8 February 2021

India’s last win came at Moscow in 1980, and since then, Europeans have largely been the dominant force, with either Germany or the Netherlands winning five of six men’s gold medals between 1992 and 2012. Argentina’s men’s team won gold at the 2016 Summer Olympics in Rio, placing them among the frontrunners, although Germany are set to be a popular draw for bettors too.

Below is the India men’s Field Hockey team’s fixture list for the Tokyo 2020 Olympics.

Opponent Date Time (IST)
New Zealand 23 July 2021 06:30
Australia 25 July 2021 15:00
Spain 27 July 2021 06:30
Argentina 29 July 2021 06:00
Japan 30 July 2021 15:00

The India women’s team has only ever claimed one fourth-place finish in Field Hockey, doing so back in Moscow at the 1980 Games. They would not feature again until 2016, when they finished last out of 12 entrants, losing every match. They have worked on their technique since, and this is their schedule for the Tokyo Olympics.

Opponent Date Time (IST)
Netherlands 24 July 2021 17:15
Germany 26 July 2021 17:45
Britain 28 July 2021 06:30
Ireland 30 July 2021 08:15
South Africa 31 July 2021 08:45

Best Tokyo Olympics 2020 betting site for Field Hockey: 22bet


The 1988 Olympics brought tennis to the calendar, with both men and women competing from the start. Olympic tennis is played on a hard or composite court, which makes for fast gameplay and a lot of opportunity for more calculated players to use the bounce factor against their opponents. In turn, tennis betting experts take this into consideration when studying form and placing wagers.

Great Britain has won the most medals in history, but the USA leads the way in gold medals. Spain and Germany are also traditionally strong nations in Tennis.

Best Tokyo Olympics 2020 betting site for Tennis: 888sport


Wrestling was the centrepiece of the ancient Olympics, and has consistently appeared on the calendar since 1904. A women’s event gained full recognition exactly a century later, in 2004. There are two disciplines of men’s wrestling used today, freestyle and Greco-Roman, while women compete in freestyle events only.

Prior to dissolution, the Soviet Union led the way by a significant degree if combining both disciplines of wrestling. In terms of gold medals alone, the Union still leads today if included in the all-time list. Modern-day Russian teams still put on a strong show in wrestling events, as seen below:

Soviet Union623123116

Nation Gold Silver Bronze Total
USA 54 43 36 133
Japan 32 20 17 69
Russia 30 12 14 56
Turkey 29 18 16 63

Last updated on 8 February 2021

These are the Indian wrestlers confirmed for the 2020 Tokyo Olympics:

Name Event
Ravi Kumar Dahiya M Freestyle−57 kg
Bajrang Punia M Freestyle−65 kg
Deepak Punia M Freestyle−86 kg
Vinesh Phogat W Freestyle−53 kg

Last updated on 8 February 2021

Bajrang Punia (65kg, men's) and Vinesh Phogat (53kg, women's) are considered to be real contenders for medals. Wrestlers in addition to those shown are anticipated in the future.

Best Tokyo Olympics 2020 betting site for Wrestling: Unibet


Athletics have been an institution at the modern Olympics since way back in 1896, when Athens hosted the very first Olympiad.

With so many athletics events to negotiate in a betting context, it is easier to split them into two groups – ‘track’ and ‘field’. In this case, we can use ‘track’ for any athletics event that involves running in a race or time trial. ‘Field’ events, on the other hand, are predominantly those where individuals compete one at a time, such as discus throwing, long or high jumping, pole vaulting

Many bettors use the sporting history and culture of nations as a guideline when wagering on Athletics, and by the end of the Summer Olympics in 2016, this is how the nations stood after 120 years of competing:


Active Nation Gold Silver Bronze Total
Britain 55 80 70 205
Finland 48 36 30 114
Kenya 30 37 29 96
Poland 25 18 14 57
Jamaica 22 35 20 77
Ethopia 22 10 21 53
Australia 21 26 26 73

Soviet Union645574193

Defunct Nation Gold Silver Bronze Total
East Germany 38 36 35 109

Last updated on 8 February 2021

Below are the Indian entrants for Track and Field events in 2020.

Name Event
Avinash Sable Men's 3000m Steeplechase
Irfan Kolothum Thodi Men's 20km Walk
Bhawna Jat Women's 20km Walk
Neeraj Chopra Men's Javelin Throw
Shivpal Singh Men's Javelin Throw

Last updated on 8 February 2021

Best Tokyo Olympics 2020 betting site for Athletics: bet365

Tokyo Olympics 2020 Live Streaming on bet365

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India at the Tokyo Olympics 2020

At the start of February 2021, India had 74 participants set for the Tokyo 2020 Olympics, putting them on-course to better the tally of 117 taken to Rio in 2016. Shooting again has a healthy degree of Indian representation, with 15 confirmed athletes by the same point, as does archery, with at least four bowmen from India (including one woman) set to feature.

Across the whole of the modern Olympics’ history, India won a total of 28 medals between 1900 and 2016. After field hockey, India’s strongest sports are badminton – for which India ranked ninth in the world at the start of 2021 – and shooting, which is the only event other than field hockey to yield India a gold medal. Five medals (four bronze, one silver) in wrestling also provide a highlight to India’s all-time record.

Field hockey812111

Sport Gold Silver Bronze Total Rank
Shooting 1 2 1 4 34
Athletics 2 2 71
Wrestling 1 4 5 43
Badminton 1 1 2 9
Boxing 2 2 64
Tennis 1 1 30
Weightlifting 1 1 56
Total 9 7 12 28 53

Last updated on 8 February 2021

As of the end of ‘Rio 2016’, Abhinav Bindra remained India’s last gold medallist, taking that accolade in shooting at Beijing in 2008. Two women were India’s only Summer Olympics medallists in 2016, with P.V. Sindhu taking silver in badminton singles and Sakshi Malik taking bronze in wrestling (freestyle 58 kg).

Tournament Structure for the Tokyo Olympics 2020

Traditionally, the Summer Olympics take place over the course of just under three weeks, with the Tokyo games being played over 19 days, but the first two days preceding the opening ceremony are preliminary matches for softball and football. The opening ceremony is on the third day, and marks the start of 16 days of non-stop action.

Most sports are played out on consecutive days, as are gold medal events. Athletics, Track Cycling, Judo, Taekwondo and Weightlifting consist of nothing but gold medal events on successive days, with the first two ending on the same day as the closing ceremony.

History of the Tokyo Olympics 2020

Tokyo was selected as the host city on 7 September 2013, at the 125th IOC Session in Buenos Aires, Argentina, making it the second time for Tokyo hosting the Summer Olympic Games. Tokyo won both rounds of voting by a significant margin, beating Istanbul in the final round by 60 votes to 36, and securing a comfortable majority of 11.

Construction work for the Tokyo 2020 Olympics over the following years saw new projects developed in the central business area of the city, as was – and still is – the case with Tokyo Bay area. The 60,000 capacity Japan National Stadium, designated for the women’s football final and the opening and closing ceremonies, was completed in December 2019. Other football venues have been in-situ for far longer, and served as stadiums in the FIFA World Cup of 2002.

See also: Read all about the history of the modern Olympics, and how it became the greatest multi-sport event in the world.

All-Time Medal Table


Nation Gold Silver Bronze Total Rank
Soviet Union 395 319 296 1010 2
Britain 263 295 293 851 3
China 224 167 155 546 4
 France 212 241 263 716 5
 Italy 206 178 193 577 6
 Germany 191 194 230 615 7
 Hungary 175 147 169 491 8
East Germany 153 129 127 409 9
 Russia 148 125 153 426 10
 Australia 147 163 187 497 11
 Sweden 145 170 179 494 12
 Japan 142 136 161 439 13
 Finland 101 85 117 303 14
 South Korea 90 87 90 267 15
 Romania 89 95 122 306 16
 Netherlands 85 92 108 285 17
 Cuba 78 68 80 226 18
 Poland 68 84 132 284 19
 Canada 64 102 136 302 20

Last updated on 8 February 2021

Tokyo Olympics 2020 Key Facts

  • Despite being delayed until 2021, the games will retain the “Tokyo 2020” name for branding purposes.
  • Karate, surfing, climbing, and skateboarding will make their debuts in the Summer Olympics.
  • Baseball and softball will return for the first time since 2008, when it featured at the Beijing Games.
  • The slogan of the 2020 Summer Olympics torch relay is “Hope Lights Our Way”.

Tokyo Olympics 2020 Betting FAQs

Which are the best sites for Tokyo Olympics 2020 betting?

Based on current odds, and their reputation worldwide, the best betting sites for the Tokyo Olympics 2020 are bet365, Marathonbet and 888sport.

When are the Tokyo Olympics?

The Tokyo Olympics run from 21 July (OC on 23 July) to 8 August 2021.

How many nations are participating?

Overall, 206 nation states will be represented at the Tokyo 2020 Olympics.

Who has won the most gold medals?

Between 1896 and 2016, the USA claimed 1,022 gold medals. It is a number that will never be reached. If including only active nations, that is – over the same timespan – seven gold medals more than Great Britain, China, France, Italy, Finland and India combined!

Where can I watch the Tokyo Olympics 2020?

The Olympics are set to be aired via national or intercontinental broadcasters. In India, the Sony Pictures Networks channel is the Tokyo Olympics’ designated broadcaster.

Which sports are best for Tokyo Olympics 2020 betting?

If wagering pre-event, the best betting opportunities are those which you understand best. If you are able to predict the result of, say, a fencing bout more accurately than a tennis match, then that is best for you, even if tennis has a much wider range of markets within.

If betting in-play, your only real opportunities are events which are not over in mere minutes (or seconds) and have variables in the method of a result being attained. In this case, team sports like football, field hockey, badminton, baseball, softball, tennis and basketball represent great opportunities for this type of betting.

Is cricket part of the Olympic calendar?

Cricket has been played only once at the Olympics, way back in 1900. There appears to be no real desire from authorities to bring it back, but many cricket fans – especially those looking for the best cricket prediction in the world – still hope that their beloved sport will join the Olympic calendar in their lifetime.

Furthermore, the evolution of limited-overs cricket, via leagues such as the IPL and dedicated World Cup tournaments, has made Olympic cricket more of a possibility over the past decade.

Which payment methods are best?

Where possible, using a credit or debit card, a prepaid card or a virtual wallet is the safest and quickest way to deposit and withdraw funds. Other methods, such as bank wire, international transfer or paper cheques also have a good track record for safety and security, but can take longer. For more advice, visit our guide to betting payment methods.

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Tokyo Olympics 2020 Betting – Final Say

While the Tokyo 2020 Olympics will have a very different feel given events across the world since the start of 2020, there is no doubt that it will be just as well-supported as its predecessors. Although the athletes involved have had to wait a longer than usual, they have all channelled the extra time into training harder than ever, ensuring peak fitness by the start of the Games.

From rhythmic gymnastics and karate to synchronised diving and BMX racing, there is something for everyone to enjoy at the Summer Olympics. Not one Olympiad passes without new heroes and heroines emerging, and the world awaits the next generation of athletic talent with bated breath.

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