Betting On The Olympic Games

The Olympic Games present a special opportunity for sports bettors. Since the games are only around every four years, they’re a unique betting option that gamblers don’t have every day.

The pandemic may have pushed the Olympics back last year, but things are back on track. The Summer Olympics will take place in Tokyo from July 23 to Aug. 8. Thankfully, the Indiana Gaming Commission is letting sportsbooks offer odds and promotions on many of the events. This will be the first set of Olympic Games that Hoosiers can bet on.

However, there are some betting restrictions that fans should know about. We’ve got the full breakdown of Olympic betting in Indiana below.

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Bet on Summer Olympics in Indiana

If you can bet on it throughout the normal yearly sports calendar, then you can probably bet on it at the Summer Olympics.

Indiana sports betting early numbers rival NJ
Andrew Hancock/NCAA Photos via Getty Images

That puts the major sports on the table for wagering. Hoosiers can use sportsbooks in Indiana to find 2021 Olympic odds and bet on all of the following events:

  • Baseball 
  • Basketball
  • Basketball 3v3
  • Golf
  • Handball
  • Rugby
  • Soccer
  • Softball
  • Swimming
  • Table Tennis
  • Tennis
  • Track and Field Events
  • Volleyball (includes Beach Volleyball)
  • Water Polo
  • Field Hockey
  • BMX Racing
  • Fencing
  • Rowing
  • Badminton
  • Boxing
  • Diving
  • Modern Pentathlon
  • Triathlon
  • Weightlifting

Baseball and softball are making their return for the 2021 games. Both sports have been on the outside looking in since the 2008 Olympic Games in Beijing.

3v3 basketball is a brand-new Olympic sport that you can bet on this year. The rules are meant to produce a faster-paced game since 3v3 takes place entirely in the half court.

However, don’t expect to see NBA players on the rosters. The best-of-the-best will be focusing on their regular 12-man national teams.

The 3v3 format is the only new Olympic sport that you can bet on in Indiana, but the US failed to qualify for this year’s games. Regardless, you can still bet on other teams that will be in the midst of the action.

No Olympic gymnastics betting

Here’s where we get to the betting restrictions.

You might notice that the above list of betting options only has 24 sports on it, despite there being 33 different Summer Olympic sports. That’s because Indiana, like many other states, does not allow gambling on the full slate of Olympic action.

For example, gymnastics is one of the most popular Olympic sports out there. Despite that popularity, you can’t bet on Olympic gymnastics in Indiana.

That’s because the sport uses judges to determine the winner. Since judging is subjective, that takes gymnastics and other sports like it off the board for legal gambling.

It’s different from a sport like soccer that has an objective score deciding the winner. NBA bettors will be familiar with this predicament.

You can bet on all of NBA All-Star Weekend’s events except for the dunk contest, which uses judges to determine a winner. Regardless of the limitations, Olympic gamblers still have plenty of options to pick from.

Winter Olympics betting in Indiana

The next set of Winter Olympic games won’t be taking place until next year. Beijing will be the host city for those games, which will open on Feb. 4, 2022.

When the time comes, gamblers in Indiana will be able to bet on many of the events. The gaming commission hasn’t decided which sports will be on the table for betting yet.

We’ll have the full list of betting options available as soon as they’re released, so check back in for more Winter Olympics info in the coming months.

Tokyo Olympics FAQ

When are the Summer Olympics taking place?

The opening ceremony for the Tokyo games is on July 23. The events will run until Aug. 8.

How can I watch the Summer Olympics?

NBC has the broadcasting rights for the Olympic Games. You can watch NBC live on cable, or through a streaming service like Peacock or Hulu Live.

What time are the Olympic Games?

We’re operating on Tokyo time for this edition of the games, which makes for an odd TV schedule in the US. Most of the events are taking place throughout the night for US viewers. For example, some of the gymnastics events will be on TV as early as 4 a.m.

Will the Olympics have fans this year?

No, Tokyo is not allowing any fans at the Summer Olympics. The city is currently under a state of emergency thanks to COVID-19.

Which athletes will be missing from the Olympics?

A handful of big names won’t be making the trip to Tokyo this year. Serena Williams and Rafael Nadal both decided to skip the games. Dustin Johnson, the top ranked golfer in the world, will also be out of the action. Soccer fans will have to go without Mohammed Salah, Neymar Jr. and Kylian Mbappe. Several potential USA Basketball stars like LeBron James and Stephen Curry also decided to stay at home.