Winter Olympics Betting Guide for 2020

Canada has hosted the Winter Olympics twice before. This is our guide to betting on this huge sporting event.

Here’s what is in store for you on this page:

  • Winter Olympics betting advice galore, including review criteria and guidance on how to sign up to a sportsbook
  • Key information about the event, including host venues, how Winter Olympics odds work and which sports are popular for mobile and live betting?
  • A list of the best Winter Olympics betting sites that are recommended to you by our experts
TOP OLYMPIC SPORTS BETTING SITES FOR CANADIAN PLAYERS
Maple Leaf Icon CANADA'S FAVOURITE
1
CANADA'S FAVOURITE
Betway Sports
2006
Bonus C$250
Paytime 24 hrs
Payment Methods
visa
paypal
skrill
neteller
NHL - Money Back if your team loses in overtime
visa
paypal
skrill
neteller
Payout 100%
NHL - Money Back if your team loses in overtime
2
888Sport
2008
Bonus C$200
Paytime 24 hrs
visa
mastercard
paypal
skrill
visa
mastercard
paypal
skrill
Payout 100%
3
Spin Palace Sportsbook
2001
Bonus C$1000
Paytime 24 hrs
visa
mastercard
skrill
neteller
visa
mastercard
skrill
neteller
Payout 100%
4
BetOnline
2004
Bonus C$2,000
Paytime 48 hrs
visa
mastercard
skrill
neteller
visa
mastercard
skrill
neteller
Payout 50%
5
Sportsbetting
2003
Bonus C$1000
Paytime 24 hrs
visa
mastercard
skrill
bitcoin
visa
mastercard
skrill
bitcoin
Payout 100%, but fees for some withdrawals

How we Review the Best Winter Olympics Betting Sites

Only the very best Winter Olympics betting sites feature on this page. Our experts seek these must-haves when rating sportsbooks:

  • A safe and secure gambling environment so you can bet with confidence

  • Bonuses for signing up and other offers to keep you coming back for more

  • Helpful customer service that’s available around the clock and in many forms

  • Great choice of Winter Olympics odds so you can bet on all the action both before it starts and live

  • Fully licensed sites which have got the gambling authorities’ seal of approval

  • How to Sign Up to a Winter Olympics Betting Site

    An Introduction to the Winter Olympics

    • Winter Olympics - Fact 1

      After the success of re-establishing the Summer Olympics, a Winter version was thought up and first held in 1924

    • Winter Olympics - Fact 2

      Only sports that are played on snow or ice can be part of the Winter Olympics

    • Winter Olympics - Fact 3

      Canada, as noted above, has twice hosted the Winter Olympics. Calgary in Alberta was chosen in 1988 and Vancouver in British Columbia for the 2010 Games

    • Winter Olympics - Fact 4

      Until 1992, the Summer and Winter Olympics were held in the same year at four-year intervals

    • Winter Olympics - Fact 5

      In order to space out Olympic events more, the Winter Games were moved to two years through a Summer cycle starting in 1994

    • Winter Olympics - Fact 6

      The United States is the only nation to have hosted four different Winter Olympics

    • Winter Olympics - Fact 7

      Sports can be added or removed from the Winter Olympics calendar as per the International Olympic Committee (IOC) selection policy

    How Winter Olympics Odds Work

    You may be wondering how Winter Olympics odds work. It’s all quite simple really. Popular sports (more on those below) will be priced up on betting sites, so let’s work through an example:

    Canada
    Canada
    2.10
    United States
    United States
    2.75

    Canada are playing the United States at ice hockey. Not all that surprising, given both countries have representation in the NHL.

    In this instance, Canada are favourites in the betting to win as their price is smaller. For every $10 wagered on them, they yield $11 of profit which is a return of $21.

    The United States, meanwhile, are betting underdogs. For every $4 staked on them, the return is $11 - $7 of which is profit.

    That’s simple enough. Ties can also occur, but at the Winter Olympics an ice hockey match may need to have a winner if it’s for a Gold medal.

    The American moneyline system is also popular and another alternative way of expressing odds is to use fractions. We went with decimal prices in this example, because they too are common. For more on comparing odds types, see our calculator.

    Popular Winter Olympics Betting Options

    These are some of the most popular sports you can bet on at the Winter Olympics:

    • Ice Hockey

      Ice Hockey

      As noted above, ice hockey is a very popular sport for Winter Olympics betting in Canada. You can bet on individual match winners or who will win the Gold medal?

      Points spread and total goals markets are also available on ice hockey as standard. Remember, futures betting sits side by side with wagers like these.

      Eg:
      Canada to beat
      the United States
      2.10
      Canada
    • Figure Skating

      Figure Skating

      Futures betting should be available on which individual or couple will win gold in their respective disciplines.

      Eg:
      Jayne Torvill and
      Christopher Dean
      to win the pairs ice dance
      5.00
      Jayne Torvill and Christopher Dean
    • Curling

      Curling

      Curling is a team sport where stones are slid across a sheet of ice. Brooms are used to sweep the ice in front of a stone into a target made of concentric circles.

      Although a somewhat niche sport, curling is curiously exciting and futures betting should be available on the competing countries.

      Eg:
      Team GB to win
      2.88
      Team GB to win
    • Skiing

      Skiing

      The Winter Olympics doesn’t get more traditional than this. There are many different types of skiing discipline and betting exists on alpine, cross-country and Nordic combined events.

      Eg:
      Deborah Compagnoni
      to win the women’s
      giant slalom
      2.50
      Deborah Compagnoni
    • Snowboarding

      Snowboarding

      Skateboarding on ice is more or less the name of the game with snowboarding. There are parallel, half-pipe, cross and slopestyle events for you to bet on.

      Eg:
      Shaun White to win
      the men’s half-pipe
      3.25
      Shaun White
    • Biathlon

      Biathlon

      Combining cross-country skiing and rifle shooting sounds like something out of an old James Bond film. The biathlon is a very popular Winter Olympics event, though, and there are many different versions of it.

      Sprints, pursuits, relays and mass starts are all held alongside individual disciplines. Biathlon betting is surprisingly lively during the Winter Games.

      Eg:
      Martin Fourcade
      to win the men’s pursuit
      2.38
      Martin Fourcade
    • Ski Jumping

      Ski Jumping

      When it comes to ski jumping, there’s the normal hill and the large hill. The further you jump, the more points you get. Jumpers compete as individuals and as a team for their country.

      Wind assistance can have a huge hand in this sport, and that’s always something to think about when betting on it.

      Eg:
      Kamil Stoch
      to win the men’s
      individual large hill
      3.75
      Kamil Stoch
    • Bobsleigh and Skeleton

      Bobsleigh and Skeleton

      Like the luge, hurtling downhill in a bobsleigh or skeleton can give the sportsmen and women who do it a real adrenaline rush. Crews can be up to and including four people. The aim is to make yourself or collectively as streamline as possible.

      Whichever individual or crew makes it down the course fastest wins. You should find plenty of skeleton and bobsleigh betting during the Winter Olympics.

      Eg:
      Canada to win
      the two-women bob
      7.00
      Canada

    Bonuses

    Mobile Winter Olympics Betting

    One of the major developments in gambling of recent times is the advent of mobile betting. What are the benefits of placing wagers through your smartphone?

    • Mobile Winter Olympics betting is available to you as most betting sites have an app for Apple and Android devices which you can download
    • These are like a mobile version of the sportsbook, but give you a streamlined gambling experience which make it as easy as possible to place a bet
    • We carry our smartphones with us everywhere these days. By doing so, you in effect have access to betting anywhere with an internet signal
    Mobile Winter Olympics Betting

    What is Winter Olympics Live Betting?

    • Like the mobile revolution, another marked shift in gambling has come from the introduction of live betting
    • You can now place bets on major sporting events like the Winter Olympics while the sport is actually happening
    • Lookout for ice hockey live betting odds among others during the Winter Games to enhance your experience of watching the action unfold
    What is Winter Olympics Live Betting?

    Modern Winter Olympics Host Venues

    These locations have all either hosted or are set to host the Winter Olympics:

    Chamonix, France

    1924

    St Moritz, Switzerland

    1928

    Lake Placid, New York, United States

    1932

    Garmisch-Partenkirchen, Germany

    1936

    St Moritz, Switzerland

    1948

    Oslo, Norway

    1952

    Cortina d’Ampezzo, Italy

    1956

    Squaw Valley, California, United States

    1960

    Innsbruck, Austria

    1964

    Grenoble, France

    1968

    Sapporo, Japan

    1972

    Innsbruck, Austria

    1976

    Lake Placid, New York, United States

    1980

    Sarajevo, Bosnia-Herzegovina (then Yugoslavia)

    1984

    Calgary, Alberta, Canada

    1988

    Albertville, France

    1992

    Lillehammer, Norway

    1994

    Nagano, Japan

    1998

    Salt Lake City, Utah, United States

    2002

    Turin, Italy

    2006

    Vancouver, British Columbia, Canada

    2010

    Sochi, Russia

    2014

    PyeongChang, South Korea

    2018

    Beijing, China

    2022

    Conclusion

    We hope this Winter Olympics betting guide has been helpful. As one of the great sporting events held every four years, it’s often well worth the wait to watch.

    Should you need any more Winter Olympics betting advice, then our FAQs section below has answers to common queries.

    FAQs

    Olympics Icon How does Winter Olympics betting work?

    Winter Olympics betting in Canada is just the same as everywhere else. Select the sport you want to bet on during the Games, then add the bet you want to place to your slip. Now enter your stake and confirm your wager.

    Faq Site Icon What are the best sites to bet on the Winter Olympics?

    We shortlist only the very best Winter Olympics betting sites on this page, so you can rely on our experts to narrow down the choice.

    Mobile Icon Can I bet on the Winter Olympics on mobile?

    Yes, mobile Winter Olympics betting is available to Apple and Android users through sportsbook apps. If you haven’t downloaded that from the betting site you use, then they will also have a mobile version of their product for web browsers.

    Star Icon Which sports are the most popular for Winter Olympics bets?

    These sports in particular are popular for Winter Olympics betting:

    • Ice hockey
    • Figure skating
    • Curling
    • Skiing
    • Snowboarding
    • Ski jumping
    • Bobsleigh and Skeleton
    Legal Icon Is Winter Olympics betting legal in Canada?

    You bet. Gambling on both the Summer and Winter Olympics is completely legal in Canada.

    Live Icon What is Winter Olympics live betting?

    Certain Winter Olympics sports, notably ice hockey, feature live betting opportunities. This means sportsbook traders price up odds while matches are in-play reacting to what’s happening.

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