Olympic Hockey Betting Guide for 2021
Hockey is one of the most popular sports on the Winter Olympics programme for fans in Canada and the United States.
Canada sits proudly at the top of the table of Gold medal winners. Its men’s team has ended on top of the podium nine times, and its women on four occasions.
Sportsbooks facilitate betting on the Olympics action, enabling bettors to get involved with the action. In this guide we’ll answer your questions, including:
- How do I bet on Olympic hockey?
- What do Olympic hockey fans like to bet on?
- How do I get involved in live betting on Olympic hockey?
An Introduction to Olympic hockey
The Winter Olympics are staged every four years, two years before/after the Summer Games since 1994. Hockey has been on the programme at every Winter Games since its inception in 1924, as well as the summer edition in 1920.
Since 1976, 12 teams have participated in the men’s tournament
The top nine teams in the world rankings receive automatic places, while three other nations advance from qualification rounds
Originally, the players had to be amateurs but professionals now take part
However, NHL stars are sometimes forced to miss the Games because they clash with the regular season
The Olympic rink, at 85ft wide, is 15ft narrower than an NHL rink
Teams are split into three round-robin groups of four, which is followed by a playoff round to decide the quarter-finalists
From that point, it is a single-elimination process to reach the final and play for Gold
How Olympic Hockey Odds Work
Betting on Olympic Hockey is just the same as wagering on regular NHL action. You will find plenty of ways to bet when you visit a hockey betting site.
To show how odds work, let’s take the example of a simple market – who’s going to win the match? The odds, expressed as decimals, might read:
For every C$10 you stake on Canada, the favourite, you win C$15. If you put C$10 on Germany, the underdog, you can win C$24.
Do bear in mind that odds can be shown in other formats, such as fractional and moneyline (also called American) odds.
Fortunately, most sportsbooks give you a choice of how you want to see the odds. You can use our Odds Calculator to see how to move between systems.
Olympic Hockey Betting Options
To qualify for Olympic Hockey
There is a stringent qualification process for nations not in the world elite. If you think a shock is in the offing, you’ll be able to back your opinion.Eg:Australia25.0
To win their preliminary group
You may believe one nation’s players will be top of their four-team group.Eg:Finland5.5
To reach the Gold medal match
Sportsbooks offer markets well in advance, so you’ll be able to wager on how far your fancy is likely to go.Eg:Slovenia21.0
- No longer are bettors restricted to playing only in advance
- Virtually all sportsbooks now give you the chance to bet after play starts, and move their odds according to the action
- A broad choice of markets is available, such as winner of the next period
- You can still, however, bet on the winner of the match
- Betting live on hockey, with odds changing constantly, is a great way to add extra excitement to the Winter Olympics
Brief Timeline of Olympic Hockey
Ice hockey is included in the Summer Olympic Games in Stockholm and Canada take Gold1920
Canada win Gold for the fourth Games in a row in Lake Placid1932
Canada miss out on Gold for the first time as they lose out to Great Britain in Garmisch-Partenkirchen1936
Canada win Gold for the second Games running, in Oslo – but it’s the last Gold in hockey for the Canadians for 50 years1952
The Soviet Union take the Gold for the fourth games in a row1976
A young, amateur United States team stuns the hotly-fancied, experienced Soviet Union in Lake Placid in the ‘Miracle on Ice’1980
Sweden defeat Canada in a shootout to take Gold in Lillehammer1994
NHL players are allowed to compete for the first time – and the inaugural women’s tournament is won by the United States1998
Canada’s men claim Gold for the first time in 50 years2002
Canada's men win Gold on home ice for the first time, in Vancouver2010
Canada’s women take Gold for the fourth Games in a row in Sochi2014
Recent Olympic Hockey men’s winners
Olympic hockey is one of the highlights of the Winter Games for fans of the sport in the United States and Canada.
Hockey bettors can enjoy a wide range of markets on the Olympic action. With smartphone ownership so widespread in Canada, and with sportsbooks offering so many ways to bet, it’s a great way to get extra engagement with the sport on offer.
For more details about betting on hockey in Canada, check out our home page.
Interested in the Summer Olympics? Then read our comprehensive Summer Olympics 2021 betting guide.
Hockey has been part of the Olympic programme for men since 1920, and for women since 1998. It’s played on a slightly narrower rink than the NHL, but the action is as exciting as ever.
Experienced hockey bettors like nothing more than to try to predict which team will win each match.
Our online betting guide should pass on all the advice you need to choose one of our recommended sites that really work for you. We focus on a range of criteria including security, licensing, range of bets and bonuses.
Of course! Modern sportsbooks offer apps that can be used on virtually all devices, enabling you to bet on the action wherever you are.
Hockey is a non-stop, all-action sport – in the modern era the odds reflect that. Even after the match is under way, sportsbooks offer a chance to wager on the action.
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