Coming up with effective Olympics betting strategies can be a bit of a challenge, particularly if you haven’t made these kinds of bets before. With the help of this detailed guide, though, betting on Olympics events while in Maryland will become almost effortless.
A guide to betting on the Olympics
Basically 16 full days of nothing but hundreds and hundreds of playoff and championship sporting events featuring the world’s best athletes, it’s not hard to understand why millions of people around the world tune in to watch the games – or why so many look for opportunities to put money down on their favorite athletes, events, and matches!
Five great Olympics sportsbooks in Maryland
- BetMGM – Legendary reputation, great live streaming and betting capabilities, a polished mobile application, and always up-to-date Olympic betting odds.
- PointsBet – Almost unlimited variety when it comes to betting on the Olympics, big payouts, generous betting bonuses, and promos offers.
- DraftKings – Unparalleled mobile betting experience, fast banking options for deposits as well as withdrawals, great betting odds for the Olympics.
- FanDuel – Low betting minimums for bettors that are just getting started, top-notch live streaming and live betting platform, solid reputation in the industry, great bonuses for new accounts, and initial deposits.
- Barstool Sportsbook – The only place to bet alongside Barstool celebrities and personalities, no limit to prop bet action, always up-to-date Olympic betting odds, generous $1000 deposit bonus.
Picking the right olympics sportsbook MD
It’s not hard to spend a lot of time researching different Maryland sportsbooks online, especially when you’re dedicated to finding only the best Olympics betting Maryland platform around.
To shortcut the process, though – while still guaranteeing that you get on a worthwhile platform – here are some important things to focus on.
Betting market variety
The variety of betting options available is hugely important when choosing a new Maryland betting site. For example, you don’t want to feel like you are limited when you want to bet on the Olympics, but instead, want to feel like you have the freedom to bet on the games and events you’re interested in with the kinds of wagers that you’re interested in.
Great lines and odds
A lot are under the impression that every Olympics betting Maryland platform has identical odds across the board, but nothing could be further from the truth.
In fact, a big piece of the puzzle for betting on Olympics events is actually shopping different sportsbooks to find the best betting lines and the best odds before getting your wagers in. Look for sportsbooks that have timely, up-to-date, and current odds that you feel give you a fair shake at winning.
Olympics Banking options
Getting your money into an Olympic sports betting platform (to build the war chest that you’ll use to place wagers) is relatively easy on any Olympics betting Maryland platform. Getting your winnings out, however, can sometimes be a different story altogether.
Be sure to choose sportsbooks that offer banking options that you’re comfortable using, that are reliable and consistent, and that move your money quickly.
Olympics Live betting
Having the opportunity to get active Olympic odds for events while they are going on – and being able to put bets down in the middle of Olympic action – is a real thrill, so look for sportsbooks that offer live betting features.
Live betting (sometimes called “in-play betting”) is offered by all of the top Olympics betting Maryland platforms, but some do it better than others. So look for those options if this is something you’re interested in!
Popular Olympic sports to bet on in MD
It’s not hard to feel a little overwhelmed when staring down all the different games and event betting in Maryland that can be placed wagers on when the Olympics begin.
To sort of narrow things down a little bit, here’s a quick breakdown of the most popular Olympic sports to bet on – sports that are relatively easy to follow, events that are easy to understand, and Olympic games that have good odds with plenty of potential to cash out big when you win.
Betting basketball and the Olympics is identical to betting on college and professional basketball. That’s a big bonus for those familiar with betting the college and NBA games but have never done any Olympics betting before. Spoiler alert – put your money on the US basketball team!
Soccer betting is another great event to do a little bit of wager on, with fans all over the world really passionate about their official teams bringing home the gold. Men’s and women’s soccer teams offer multiple opportunities to get in on the action, with the US Women’s National Team a surefire ticket to land on the podium as well.
Track and Field
Track and Field style events offer so many different opportunities for different kinds of bets and wagers during the Olympics. There’s always action going on, and fans worldwide especially love tuning into the 100 m final – considered by some to be the “showcase” event.
Gymnastics is hugely popular with bettors as well, though figuring out the betting lines and betting odds (as well as how these games are scored) can be a little bit challenging for newbies. Stick to Moneyline picks or podium picks to get started.
Swimming had become a real cornerstone style event for the Summer Olympics, especially when Michael Phelps was making his historic run to gobble up just as many gold medals as humanly possible. So of course, now that Phelps isn’t swimming in the Olympics anymore, the field is a little bit more open, but that just means there are better Olympic betting odds on other swimmers to pick and choose from!
Popular bets to place during the Olympics in MD
Let’s go over a couple of the more popular types of bets to put down on the Olympics betting Maryland platform you’ve decided to sign up for!
Gold Medal Totals
Picking exactly how many gold medals a specific country is going to come home with is a very popular wager when the Olympics rolled around, giving people around the world an opportunity to put some money down on their country to come home with some serious hardware.
The big gold medal rivalry used to be between Russia and the United States, but lately, things have shifted a little bit. Now the hot rivalry is the Chinese and the Americans to see who’s going to come out on top.
Specific Event Totals
Almost every Olympic event offers Totals-style wagers (over/under bets), and for a good reason. These kinds of wagers are easy to understand, easy to pick, and generally have pretty good Olympic odds that can tilt in favor of players if bettors are really doing their research.
Moneyline picks, though, are maybe the easiest of all the Olympic bets that can be placed. All you really have to do with a money line pick is decide who you think is going to come out on top, who you think is going to take home the gold medal for a specific event.
Obviously, folks are going to want to do their research before making any moneyline wagers, but understanding the betting line and odds with these kinds of bets is really easy.
Live Betting Action
Live betting action is fast, furious, and always exciting. Being able to bet on different things that are happening during the actual event as it unfolds – while Olympic betting odds shift and change on the fly, too – gives spectators a real stake in the games.
Make sure to choose Olympic sportsbook platforms that offer polished live betting platforms if this is something you’re thinking about getting into.
FAQ’s About Olympics betting Maryland
How do I find the right sportsbook to sign up for?
There are a couple of different things to think about when signing up for an Olympic sportsbook that’s right for you, including Reputation, security, bet variety, odds and lines, banking options. And that’s just the tip of the iceberg. So really do your research before you settle in on any Olympic sports betting platform in Maryland.
Is it legal to bet on the Olympics?
It sure is! In 2018 the United States Supreme Court ruled that online sports betting was perfectly legal, and in 2020 Gov. Larry Hogan in Maryland signed legislation into action that laid the foundation for sports betting in this great state.
What Olympic events can I place wagers on?
Almost every single Olympic event – including pre-qualifiers, qualifiers, and podium events – offer opportunities for bets to be placed down on them.
Are there good bets to pick for a beginner?
Moneyline picks, gold medal totals, and over/under style wagers are probably aware beginners to Olympics betting are going to want to focus their attention (at least at first).
Can I bet on the Summer and Winter Olympics from the same sportsbook account?
Absolutely! The cool thing about finding the right Olympic sports betting platform in Maryland is that you’re not just going to be able to bet on the Summer and Winter Olympics, but you’ll also be able to place bets down on all of your other favorite sporting events as well. It doesn’t get much better than that!