The 2022 Beijing Winter Olympics will open on Friday, and Olympic betting markets are starting to circulate right now — with the most common market being Olympic medal odds for each nation.
Norway is the heavy favorite to capture the most golds and total medals with Germany and Russia tailing.
The 2022 Winter Olympics will have 109 events across seven different winter sports disciplines.
Most gold medals odds
Unlike the Summer Olympics, the United States is not the sole dominant force at the Winter Games. Since 1924, Norway holds the most all-time winter Olympic medals and also has the most golds, silvers, and bronzes. It's no surprise that they're the heavy favorites heading into Bejing for most gold medals at -400. Germany trails them as a distant second at +600.
Canada and the United States sit well back as Underdogs at +1,400 and +1,800 respectively.
Country | Odds |
Norway | -400 |
Germany | +600 |
Russian Olympic Committee | +900 |
United States | +1,400 |
Canada | +1,800 |
Any other nation not listed | +2,500 |
Netherlands | +3,300 |
China | +4,000 |
Sweden | +8,000 |
Japan | +15,000 |
Austria | +25,000 |
France | +25,000 |
Switzerland | +25,000 |
Korea Republic | +25,000 |
Italy | +50,000 |
Finland | +75,000 |
Poland | +100,000 |
Odds as of Feb. 2, 2022
Odds for most medals overall
You won’t find much difference in the odds between the most golds and total medals, but things have tightened since Norway opened as the -800 favorite. Norway now sits at -665 with the Russian Olympic Committee and Germany coming in second and third at +800.
Canada (+1,200) and the United States (+1,400) sit in the middle of the pack for most medals as well.
Country | Odds |
Norway | -665 |
Russian Olympic Committee | +800 |
Germany | +800 |
Canada | +1,200 |
United States | +1,400 |
Netherlands | +5,000 |
Sweden | +15,000 |
China | +15,000 |
Austria | +25,000 |
Odds as of Feb. 2, 2022
US Olympic medal odds
United States medal total | Odds |
Over 8.5 golds | -120 |
Under 8.5 golds | -120 |
Over 22.5 medals | -120 |
Under 22.5 medals | -120 |
Odds as of Feb. 2, 2022
Canadian Olympic medal odds
Canadian medal total | Odds |
Over 8.5 golds | +125 |
Under 8.5 golds | -150 |
Over 22.5 medals | -135 |
Under 22.5 medals | -110 |
Odds as of Jan. 25, 2022
How to bet on the Olympic medal odds
Now you know betting odds for Olympics medals, and it's time to bet. Let us guide you through how to bet on the Olympics with some basics on reading odds and tips for making smarter Olympic bets.
Where to bet on the Olympic medal totals
Olympic betting is still quite new, but the once-every-four-years event will surely attract many bettors. Where you bet on the Olympics is just as important as what you bet, and we review the best Olympic betting sites available to you.
Olympic betting odds FAQs
Norway is set to dominate in Beijing as it comes into the Winter Olympics as -500 favorites to capture the most total medals.
Norway are a massive favorite to win the most gold medals at the 2022 Winter Olympics at -800.
Norway had the most medals at the 2018 Winter Games in South Korea with 39 medals in total.
Norway had the most gold medals at the 2018 Winter Games in South Korea with 14 golds.