Bets settled as per the Medal Table on the IOC website as of the Closing Ceremony on Sunday 8th August. In the event of a tie, the winner shall be decided by : 1) Most Silver Medals 2) Most Bronze Medals
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Olympics Betting with William Hill
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The modern Olympic Games - shortened to just Olympics - are leading international sporting events featuring summer and winter sports competitions in which thousands of athletes from across the world participate in a large variety of disciplines.
The Olympics are considered the world’s greatest sports competition with more than 200 nations participating. Held every four years, with the Summer and Winter Games alternating two years apart, the Olympics generally refers to the Summer Games.
Inspired by the ancient Olympic Games, which were held in Olympia, Greece, from the 8th century BC to the 4th century AD, the International Olympic Committee (ICO) was founded in 1894 by Frenchman Baron Pierre de Coubertin - who is considered the father of the modern Olympics.
The first modern Olympic Games took place in Athens, Greece, in 1896, bringing together 14 nations and 241 athletes, who competed in 43 events.
The IOC is the governing body of the Olympic Movement, with the Olympic Charter defining its structure and authority. The evolution of the Olympic Movement during the 20th and 21st centuries have resulted in several changes to the Olympic Games.
Understanding the Olympics betting markets
The 2020 Olympics will take place between the end of July and early August in host city Tokyo, Japan. It’s expected to feature 206 nations and over 11,000 athletes competing in 339 events across 33 sports (50 disciplines).
The winners of each event receive a gold medal, whilst there are also silver and bronze medals awarded to those in second and third place respectively. A medals table is kept over the Games for each nation.
Karate, sport climbing, surfing and skateboarding are set to make their Olympic debuts, while baseball and softball will return to the programme. These Games will also see the introduction of additional disciplines within existing Olympics sports such as 3x3 basketball, freestyle BMX and Madison cycling.
The United States have historically dominated, leading the all-time Olympics medal table with 2,522 (1,022 gold medals), while the Soviet Union are second with 1,010 (395 gold medals).
However, the Soviet Union has since been dissolved - their last Olympics appearance was in 1988 - with Russia now holding 426 medals (148 gold).
In third place is Great Britain with 851 medals (263 gold), while France, Germany, Italy, China, Australia, Sweden and Hungary make up the top 10.
Therefore, competitors from these nations are logical starting point when betting on the Olympics.
How to win betting on the Olympics?
To place successful bets on the Olympics, bettors must understand Olympics betting rules in the specific event they are betting on.
Predicting which nation will win the most gold medals and overall medals is clear enough - if you select the right country.
But you can also try and correctly state the number of medals - gold or total - that a single nation will win at the Olympics within a defined range.
Olympics betting also offers the chance to back winners of individual events, as well as who will finish in second or third.
Gold medal predictions necessitate selecting the first-place finisher in an event, be it athlete or team, with the same going for silver and bronze medals.
Some events such as those in basketball, football and tennis are decided by the winners of matches, with bettors able to back which side will win a match or whether it may end in a draw.
Olympics betting specials allow bettors to bet on situations outside of the events that make up the Games themselves, such as whether someone uses the Olympic torch to breathe fire during the opening ceremony.
Anyone looking for Olympics betting tips should check out news.williamhill.com.
Other valuable Olympics betting tips
Given the wide variety of events you can bet on at the Olympics, it’s important to have a good grasp of a number of different sports.
Most of the medals on offer to athletes come from events in athletics (48), swimming (35), cycling (22) and gymnastics (18).
Following these sports year-round will give bettors the best chance of selecting winners when it comes to the Olympics, while the prestige of certain countries at certain events and disciplines also plays a large part.
Some countries are almost guaranteed medals in some events, such is their dominance. Checking out their Olympics odds in advance makes logical sense.
Kenyan men have won gold at every Olympics bar two in the 3,000m steeplechase since the 1968 Games - and also notched silver seven times and a clean sweep twice at those 11 competitions.
China have won 53 of the 100 available medals in table tennis since it became an Olympic sport in 1988, winning 28 of the 32 gold medals on offer.
The Chinese are just as hard to beat when it comes to diving. Since 1992, China have taken 75 per cent of the available gold medals.
The United States’ stranglehold on basketball shows no signs of abiding, with the men’s and women’s teams landing 23 of the 30 gold medals awarded at the Olympics, losing a combined total of just eight games in the tournament.
The US also dominate artistic gymnastics and swimming - claiming 553 medals out of the total 1,666 handed out in the pool.
South Korea have won 39 of 120 all-time medals in archery at the Olympics and lead the all-time medal table in taekwondo - a sport they invented.
Assessing the Olympics odds
The Olympics take place every four years, which means many athletes and nations are working towards the Games as the pinnacle of their sport.
Many of the events and disciplines that take place at the Olympics are competed for in the Commonwealth Games, involving members of the Commonwealth of Nations such as Australia, England and India.
The IAAF World Championships in athletics happen every two years and give a useful guide to how athletes and nations are shaping up for the Olympics across track and field, road running, cross country running and race walking.
In swimming, the FINA World Aquatics Championships - which also occur every two years - are the highest competition before the Olympics.
Road cycling has three Grand Tours - the Tour de France, the Giro d'Italia and the Vuelta a Espana in Spain. Track cycling and mountain biking have World Championships and the World Cups annually, while BMX racing takes place at the X Games.
Gymnastics have similar World Championships, World Cups and a number of continental and national competitions.
Other sports like basketball, tennis and golf follow their own calendars before meeting at the Olympics.
The results of all of these various events will have implications on any Olympics odds for these sports.
Other significant Olympic competitions
The Olympics have been joined by several other games created by the IOC. The Winter Olympic Games is a major international multi-sport event held once every four years for sports practiced on snow and ice. The first event took place in Chamonix, France, in 1924.
The Paralympic Games involving athletes with a range of disabilities are held almost immediately following the respective Summer and Winter Olympic Games, commencing since 1988. Like the Olympics, the Paralympics have separate summer and winter versions.
The Youth Olympic Games are for athletes aged 14 to 18, held every four years in staggered summer and winter events, consistent with the current Olympic Games format.
The World Games are for sports that are not contested in the Olympic Games, while the Deaflympics and Special Olympics are also endorsed by the IOC.
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