China To Surprise And Win Gold Medal Count

Chris Wassel
By , Updated on: May 5, 2024 08:00 PM
China To Surprise And Win Gold Medal Count

Do you hear that sound? The Olympic theme music craws ever closer. We are less than 90 days away from the ultimate international competition. Now, athletes will battle for medals in a variety of disciplines. Let's head to the Eiffel Tower and Paris. At Online Sports Betting, we look at an early outlook at some potential Olympic wagers. So, first, we look at 2024 Summer Olympic Bets featuring Team USA and other countries.

  • WHAT: The Summer Olympics - Games Of The 33rd Olympiad
  • WHEN: Friday, July 26th, 2024 - Sunday, August 11th, 2024 
  • WHERE: Paris, France at various venues on NBC, USA, Peacock, and more
  • WHY: The best of the best athletes get together.

Odds are subject to change.

Bettors get a special treat with the Summer Olympics of 2024 from Paris, France. The Summer Olympics picks spotlight medal count by overall and perhaps gold medals too. Now, an Olympics betting guide on how to bet on Paris 2024 is fun and exciting. After all, this is an event three years in the making do to COVID. Here is a quick and updated table for the early gold medal count numbers courtesy of Bovada Online Sportsbook.

2024 Olympics Gold Medal FuturesBovadaBetOnlineBetUS
USA-550-550-550
China+350+350+325
Great Britain+8000+8000+8000
Japan+8000+8500+9000
France+8000+9000+10000
Netherlands+20000+20000+20000
Australia+20000+25000+22000
Germany+25000+25000+20000

2024 Summer Olympic Bets Size Up The Usual Suspects

2024 Summer Olympic Bets size up the usual suspects. So, with a little less than 12 weeks until the Opening Ceremonies, it makes sense to take a look at some of the possibilities. Then, we make a few fun wagers on what may happen come the end of July and early August.

Obviously, winning bronze and silver medals are a bit easier compared to gold medals. That is why the Americans are less of a favorite in the gold medal count. Also, the Americans edged China 39 to 38 and 113-89 in Tokyo when it came to medals. The 2016 Olympics saw the USA win 46 gold medals compared to China's 26. It was a big and noticeable difference even with the COVID fallout.

Okay, let us concern ourselves with the gold medal count. Now, it is time to dig a little deeper.

Team USA Still Favorites For Gold Medal Table

Team USA remains still favorites for the gold medal table. Now, the Americans trot in as solid -550 (was -800 in March) favorites across the board. With the spreads the past few Olympics, it should not be a surprise why. The Americans compete in so many sports. Other countries cannot quite say the same. That makes a difference along with how many sports the USA ranks in the top three among all nations. 2024 Summer Olympic Bets look at a couple of options.

Naturally, taking several looks at how gold medals were won shows how the Americans have some superiority even with China gamely trying to close on them. That is why the USA stoutly are on top.

Could the Americans lose the gold medal count this time around? Anything is possible. Tokyo was a very different Olympics. COVID hurt the Americans a bit more than expected. Did it hurt China as well?

Again, the -550 here for gold medal count plays to a more attractive wager. What if we next look at China err the potential upset?

Team USA To lead the gold medal count
-550
Bovada

The Rise Of China In The 2024 Summer Olympics Bets

So, the rise of China in the 2024 Summer Olympic bets grows more and more noticeable. China, despite some suspicions of doping, has become that second nation behind the USA in terms of medal count. While, the overall is far more a long shot, the gold medal count is a little less cut and dry.

The Chinese field likely their best team ever for the 33rd Olympics. Can they get close to those 2021 numbers from Tokyo? Again, if that was not due to COVID, a bettor may have a chance not at the medal count but at least the golds. At +350, China becomes a bit more attractive by the day. Also, this number was in the +400 to +450 range in March. Given the political climate in the world, the Chinese want to make an athletic statement.

Yes, some swimming and gymnastic events could be more dominant for the Chinese in this Olympiad. There are open avenues for the country to gain more gold medals too. Can they get to 40+ golds? That might be enough for the win here. Alas, this is one risky pick but again, less than other countries.

Again, be aware there are a whopping 329 events spanning over 39 sports this Olympiad. Four new sports have been added including breakdancing, sport climbing, skateboarding, and surfing. Some believe this is a boost for the Americans. However, the Chinese have invested heavily and learned lessons from the COVID games of Tokyo. By the way, China nets around +1100 for medal count. Do not overlook that as it could shorten again. Go for the gold for now!

China To win the gold medal count
+350
Bovada

What About Some Countries Lower On The Board?

Finally, what about some countries lower on the board? The Summer Olympics always bring the unexpected. When it comes to the 2024 Summer Olympic Bets, there is the host country bump. France had 33 medals and would need a considerable amount of good fortune to make it into the Top 3 or 4 in medal count. Great Britain likely is the best of the rest and at +5000 is at least worth a look.

As for gold medals, the boys from the United Kingdom actually have even longer odds at +8000. The nation netted 27 gold in Rio and 22 in Tokyo. For bettors, wagering a few dollars on the gold medals could not hurt. It is the longest of long shots. However, the number is better. Wagering on gold medals may be easier and more profitable in these slots.

Great Britain To win the most gold medals in Paris
+8000
Bovada

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Meet the author

Chris Wassel

Chris Wassel is a veteran sports writer with over 20 years of experience publishing thoughtful analysis and insightful perspectives on everything from hockey to basketball, football, and more. As a seasoned journalist, Chris has established himself as a leading voice o...

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