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Beijing 2022 Winter Olympics Odds & Betting Guide

Isla Knightley for Bookies.com

Isla Knightley  | 16 mins

Beijing 2022 Winter Olympics Odds & Betting Guide

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Another year, another Olympics! Six months after dousing the flame of the rescheduled 2020 Tokyo Olympics last summer, the Chinese capital is set to light its cauldron for the 2022 Beijing Olympics on Friday, Feb. 4 – almost 14 years after the city hosted the 2008 Summer Games, making it the first-ever to host both the Summer and Winter Olympics.

Multiple top-rated sportsbooks are already offering odds for the 2022 Winter Olympic Games. This guide focuses only on the current serving of odds that are available and highlights some of the top Americans in the hunt for those coveted gold, silver and bronze medals.

2022 Winter Olympics Most Medals Odds

NationOdds To Win
Norway -500 ➜
Germany +500 ➜
ROC +1100 ➜
USA +1600 ➜
Canada +1600 ➜
China +2000 ➜
Netherlands +3300 ➜
Sweden +8000 ➜
Switzerland +15000 ➜
Japan +25000 ➜
Austria +25000 ➜
France +25000 ➜
South Korea +25000 ➜
Italy +50000 ➜

Odds via bet365 ➜ on Feb. 2, 2022 and current as of publication. Check out our Bet365 Sportsbook Review.

USA Medal Count At Winter Olympics

The USA is expected to do well in Beijing, but it enters as the fourth-best bet at +1600 with bet365 ➜ to haul the most medals. Bookmakers are tipping Norway to lead the medal count at -500, while Germany and the Russian Olympic Committee (ROC) are priced as the second and third best bets at +500 and +1100, respectively.

These projections are reflected with most legal sportsbooks such as FanDuel, Caesars Sportsbook and BetMGM, to name a few. They are also quite similar to the early gold medal odds. For example, FanDuel offers Norway (-370), Germany (+370) and the ROC (+1000) as the top three favorites to win the most gold medals.

The only difference is found with Canada (+1500), which emerges as the fourth-best bet ahead of the USA (+1800) to win the most gold medals. Separately, Over/Under odds for the USA’s gold medal count are tipped at 8.5 (-110) with FanDuel.


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Winter Olympics In The Age of COVID-19

This is the unprecedented age of COVID-19 where uncertainty prevails. World events like the Olympics, which are a popular draw for sports betting enthusiasts, aren’t immune to these unprecedented times. In the main, positive COVID-19 tests could end an athlete’s bid before it even starts with brutal swiftness.

Case-and-point, U.S. Olympic bobsled team member Josh Williamson announced last week that he’d tested positive for the Coronavirus, sadly disqualifying him from traveling to Beijing. Williamson’s case was such that he was still left with time to test negative and travel to Beijing later this week, although Olympic Coronavirus rules state he must test negative four times, twice within 96 hours of his departure.

Williamson’s predicament highlights the precarious situation everyone finds themselves in right now, and, simultaneously, the challenge of handicapping each event faced by betting apps. Thus, the upshot is that betting sites have been slow on the uptake across the board, releasing only a handful of early 2022 Winter Olympic odds and futures for specific events.


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Where Can You Bet On The Olympics?

As it is, odds for Alpine Skiing, Hockey, Curling, Bobsleigh, Luge, Snowboarding and Figure Skating are in full swing with all the major betting sites and betting apps. Of course, the closer to the Opening Ceremonies of the Beijing Games, the more comprehensive the odds coverage will be at the various legal sportsbooks such as Caesars, BetMGM, PointsBet and DraftKings.

Viewers in the USA can watch the Winter Olympics on NBC and its sister network of channels, including USA Network and CNBC. Streaming is available via Peacock and the NBC Sports App.


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2022 Winter Olympic Sports To Bet On

Alpine Skiing

Mikaela Shiffrin headlines Team USA in alpine skiing, representing America’s best hope to win gold in the slalom and, potentially, the giant slalom too. Shiffrin is coming off a slalom victory at the Austria World Cup. She enters as the second-best bet at +150 after Slovakia’s Petra Vlhova (-138). Shiffrin is priced at +400 with bet365 to win the giant slalom after top favorite Sara Hector at +200.

The men’s alpine skiing event sees reigning World Cup overall champion Alexis Pinturault of France, Aleksander Aamodt Kilde of Norway and Marco Odermatt of Switzerland among the top bets in a number of events such as Super G, downhill, slalom and giant slalom. The Americans’ best medal hopeful is Ryan Cochran-Siegle after he won the Super-G at the World Cup.

Elsewhere on the slopes, more American hopefuls are found in events such as snowboarding, freeskiing, moguls and aerials. These include Jamie Anderson and Red Gerard (both snowboard slopestyle/big air), Shaun White (snowboard halfpipe), Alex Ferreira (freeski halfpipe), Nick Goepper (freeski slopestyle/big air), Winter Vinecki (aerials) and Jaelin Kauf (moguls).


With the NHL opting out of the Beijing Olympics due to the ongoing coronavirus pandemic, the ROC emerges as the runaway favorite to win gold in men’s hockey. The ROC is priced at +160 with FanDuel, ➜ while powerhouse Canada is priced at +340 and Finland is priced at +380. The USA is the long shot of the group at +1200.

Projections for the women’s ice hockey event are more favorable to the Americans. The USA is tipped alongside Canada as the top two bets in the field - though Canada at -125 odds edges the USA at -105 ever so slightly. The Americans are the defending gold medallists and with forward Hilary Knight making a fourth Olympics appearance, the Americans should be optimistic about pulling off the back-to-back triumph.


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Canada and Great Britain are pegged as the top bets to sweep to victory in Beijing. In the men’s game, Canada and Britain are neck-and-neck on the Olympics odds board, tipped at +200. Sweden is the third best-bet at +300, while Switzerland is a distant fourth-best at +900. The USA is priced at +1200, making them the fifth-best bet in the field.

The women’s curling futures market serves up the Canadian women as the team to beat at +275 alongside Sweden’s women's team (+275). Great Britain emerges as the third-best bet at +375, while Switzerland is fourth-best at +500. The Americans are an outside bet at +1800, falling behind Japan (+1200), South Korea (+1400) and the ROC (+1600). Only China (+5000) and Denmark (+10000) have longer odds than the USA on the women's side.


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About the Author

Isla Knightley for Bookies.com
Isla Knightley
Isla, a sports journalist and betting expert, covers several sports, including the NFL, as well politics. She joined Bookies.com in 2021 after contributing to other betting sites.
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