Beijing Olympics Medal Odds: Norway Still Favorited For Most Golds and Medals

Norway is the Olympic betting odds favorite at -665 for most medals at the Beijing Winter Games beginning on February 4, 2022.

Feb 2, 2022 • 10:48 ET • 3 min read
Handout photo released on Oct. 26, 2021 shows the medals of Beijing 2022 Olympic Winter Games. Beijing celebrated the 100-day countdown to the 2022 Olympic Winter Games on Tuesday with the unveiling of the medals for the Games.
Photo By - SIPA/USA

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

Pages related to this topic

Popular Content

Legal Canadian sports betting

Best Canadian betting sites Ontario sports betting
Covers 25 Years Logo Established in 1995,
Covers is the world
leader in sports
betting information.
Covers is verified safe by: Evalon Logo GPWA Logo GDPR Logo GeoTrust Logo Evalon Logo