Olympics Football Betting Guide, Expert Analysis & Tips

Date IconLast Updated: 2022 Sep 28
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Olympics Football Betting Guide, Expert Analysis & Tips
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Quick Tips:

  • Japan to win gold each-way – 8/1 with 888sport
  • South Korea to win gold each-way – 16/1 with 888sport
  • Netherlands to win women's gold medal - 5/1 with bet365

With the new Premier League season still more than three weeks away, those looking for their football fix could do far worse than the Olympics.

The Tokyo games might not represent the pinnacle of world football, as they do for many other sports. But Olympic football has a rich history, dating all the way back to the second edition in 1900, and Olympics football betting should excite punters.

It was Uruguay’s success in 1924 and 1928 that convinced FIFA to launch a World Cup open to professionals and amateurs alike. The Olympics therefore played an integral role in the development of the international game.

Needless to say it is no longer as important as it once was, and ranks behind continental competitions such as the European Championship, Copa America and Gold Cup that have also taken place this summer.

It is still an intriguing tournament, though, in large part because of a rule change in 1992 that required all participants to be under the age of 23. Three exceptions per squad have been permitted since 1996, while the age limit has been extended to 24 for Tokyo 2021 due to the pandemic-induced postponement.

Still, the Olympics is often the place to go to catch a glimpse of up-and-coming talent, as the recent examples of Samuel Eto’o (2000), Lionel Messi (2008), Neymar (2012) attest.

The men's Olympic football action begins on Thursday, when all 16 teams – four from Europe, four from the Americas, four from Asia, three from Africa and one from Oceania – will take to the field.

Olympics Football Betting - Men’s Tournament Odds

TeamOddsBet With
Spain2/1888sport
Brazil11/4888sport
France6/1bet365
Japan8/1888sport
Argentina9/1bet365
Germany10/1bet365
South Korea16/1888sport
Mexico20/1bet365

Spain’s Strong Squad Makes Them Olympics Football Betting Favourites

The 2020/21 domestic season was the most congested in living memory, and the European Championship followed hot on its heels. Spain reached the semi-finals under Luis Enrique, and were only narrowly beaten on penalties by eventual winners Italy. But in spite of an unprecedented workload over the last 15 months or so, six Spain players who appeared at Euro 2020 will also be present at the Tokyo games.

The availability to manager Luis de la Fuente of Pedri, Pau Torres, Eric Garcia, Dani Olmo, Unai Simon and Mikel Oyarzabal makes it easy to see why Spain are listed as 9/4 favourites with Boylesports to win gold. Dani Ceballos, Marco Asensio and Mikel Merino provide further quality as overage players, while it is also worth keeping an eye on Tottenham Hotspur-bound Bryan Gil and Valencia’s Carlos Soler.

Spain should have little trouble negotiating Group C, which also contains Egypt, Argentina and Australia. There is a good chance of a quarter-final against Brazil or Germany, but the strength of Spain’s squad means they should not fear anyone.

Holders Brazil Taking Olympics Seriously Again

Brazil went all-out to win gold at the last edition of the summer games in 2016. That was in part because the Olympics were being held on home soil in Rio de Janeiro, but also due to the fact that Brazil had never won the men’s tournament before. Victory at the Olympics would in effect ‘complete the set’ for the Selecao.



A group containing Neymar, Gabriel Jesus and Marquinhos did indeed triumph, albeit via a narrow penalty shoot-out victory over Germany in the final. To the surprise of some, Brazil are once again taking the Olympics seriously this time around, despite having already got this particular monkey off their backs.

The 38-year-old Dani Alves will captain a team featuring Ajax forward Antony, Arsenal’s Gabriel Martinelli, Everton frontman Richarlison and Aston Villa midfielder Douglas Luiz, among others. At 5/2 Brazil look like an excellent bet.

France and Germany Weaker Than They Could Be

Olympic football is an official FIFA event, but unlike competitions such as the World Cup, the European Championship and the Copa America, clubs are not obliged to release players called up by their national teams. It is for that reason that both France and Germany are much weaker than they might otherwise have been.

France’s squad for Tokyo 2021 contains just one player from PSG, for example, and that has to be taken into account for your Olympics football betting strategy. Houssem Aouar, Jonathan Ikone, Eduardo Camavinga, Dayot Upamecano and Ibrahima Konate are all eligible and did not take part at Euro 2020, but none are in Japan. Enzo La Fee and Nathanael Mbuku are talented prospects, and Andre-Pierre Gignac and Florian Thauvin are useful overage call-ups. France (6/1) are also on the easier side of the draw, but it is hard to see them going all the way at the Tokyo games.

Ditto Germany, whose squad does not feature a single player from either Bayern Munich or Borussia Dortmund. Available at 10/1 with bet365 to win gold, the Germans might even struggle to get out of a tough Group D.

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Japan Hope Home Advantage Has An Impact

If neither Spain nor Brazil wins gold, Japan at 8/1 looks like a decent value bet with 888sport. Home advantage should work in their favour, although with the Japan summer Olympics being held behind-closed-doors, perhaps it won't be as crucial as as it would have been if fans were allowed to attend matches.

Still, overage players Maya Yoshida, Wataru Endo and Hiroki Sakai are all regulars for the senior national team, while Bologna centre-back Takehiro Tomiyasu could be on his way to one of Europe’s biggest clubs this summer. Real Madrid winger Takefusa Kubo is another youngster to keep an eye on at these Tokyo games.



Argentina, available at 9/1, are unlikely to follow up Copa America glory with Olympic football gold. In comparison to the victorious squads they sent to the summer games in 2004 and 2008, this Argentina group is nowhere near as gifted. Individuals such as Fausto Vera, Alexis Mac Allister, Thiago Almada and Nehuen Perez could make an impression, but reaching the semi-finals would be a good achievement for this side.

It could be worth a small wager on South Korea at 16/1. Kim Hak-bum’s side have been drawn in a relatively straightforward group alongside Romania, New Zealand and Honduras; a quarter-final against arch-rivals Japan is a distinct possibility. Valencia schemer Lee Kang-in will be pivotal to South Korea’s chances of success.

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Tokyo 2021 Olympics Women’s Football Tips

The USA Women's side entered the Tokyo games on an incredible 44-game unbeaten streak and are always regarded as the team to beat in women's football. But their shock 3-0 defeat to Sweden in their group opener must be factored into our Olympics football betting strategy.

Sweden stunned the perennial favourites at the quarter-final stage in Rio de Janeiro five years ago and saw their odds slashed to 11/2 with bet365 after they repeated the trick this time around.

The Netherlands look to be the value play at 5/1, however. They hammered Zambia 10-3 in their opening game of Tokyo 2021 and the European champions have proven themselves as one of the top teams in the world in recent years.

The Dutch got the better of Sweden at the 2019 World Cup and have not been beaten by the Swedes in their last four meetings, so they would be fancied again against the Scandinavian outfit.

Team GB are also priced at 5/1 and beat Chile 2-0 in their opening game. But their preparations were hampered by a cancelled warm-up fixture against Zambia and the squad is mainly made up of players from the English national side, who haven't set the world alight in recent years.

Dutch Arsenal star Vivianne Miedema opened the tournament with four goals in the first game and Barcelona hotshot Lieke Martens netted a brace for the Netherlands. That pairing has the ability to terrorise any defence in the competition and with the US looking unlikely to provide any value at 11/10, the Dutch could be the team to back.

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    35
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    Tooltip Can you create your own personalised bets?
    Yes
    Casumo is one of the most distinctive and innovative online sportsbook (and casino) operators in Europe. They like to keep things as simple as possible, with a savvy sports betting user interface.
  27. 36
    Luckster Sports
    Established 2022
    More Details
    Well Designed & Easy To Use Interface
    ‘Boost Up’ Accumulator Boosts
    Live Betting & Cash-Out Options
    Promo Code
    Tooltip The code required to claim a sign-up bonus (if any)
    not required
    Min Deposit
    10
    Acca Insurance
    Tooltip Refund or free bet when one selection in an accumulator lets the bet down
    No
    Live Streaming
    Tooltip Is there live streaming of sporting events?
    No
    In-Play Betting
    Tooltip The number of sports with in-play betting available
    9
    Bet Builder
    Tooltip Can you create your own personalised bets?
    No
    Luckster is a dual sportsbook and casino platform with a vaguely Irish theme, including the inevitable leprechaun logo and shamrock imagery.
  28. 37
    Casinoly Sports
    Established 2021
    More Details
    Big Selection of Esports Leagues
    All Major Leagues Around the World Covered
    Acca Boost for Higher Profits
    Promo Code
    Tooltip The code required to claim a sign-up bonus (if any)
    not required
    Min Deposit
    20
    Acca Insurance
    Tooltip Refund or free bet when one selection in an accumulator lets the bet down
    Yes
    Live Streaming
    Tooltip Is there live streaming of sporting events?
    Yes
    In-Play Betting
    Tooltip The number of sports with in-play betting available
    11
    Bet Builder
    Tooltip Can you create your own personalised bets?
    No
    With its unique Ancient Rome theme, Casinoly sets itself apart. The brand is a dual operator offering casino and sportsbook. It features a huge collection of sports betting options.
  29. 38
    Vegasland Sports
    Established 2022
    More Details
    Operated by Marketplay Ltd & Aspire Global Ltd
    Bet Builder available for most popular sports
    Excellent Basketball Odds
    Promo Code
    Tooltip The code required to claim a sign-up bonus (if any)
    not required
    Min Deposit
    10
    Acca Insurance
    Tooltip Refund or free bet when one selection in an accumulator lets the bet down
    No
    Live Streaming
    Tooltip Is there live streaming of sporting events?
    No
    In-Play Betting
    Tooltip The number of sports with in-play betting available
    8
    Bet Builder
    Tooltip Can you create your own personalised bets?
    Yes
    VegasLand sports betting has a huge variety of markets with top licensing from Malta. Obscure, hard-to-find leagues are available here. Free bets and excellent odds on your favourite sports can be found.
  30. 39
    Monster Casino Sports
    Established 2017
    More Details
    Dual Sportsbook & Casino Platform
    10% Cashback on Sports Betting Losses
    'Wager Wars' Leaderboard & Cash Prizes
    Promo Code
    Tooltip The code required to claim a sign-up bonus (if any)
    not required
    Min Deposit
    10
    Acca Insurance
    Tooltip Refund or free bet when one selection in an accumulator lets the bet down
    No
    Live Streaming
    Tooltip Is there live streaming of sporting events?
    No
    In-Play Betting
    Tooltip The number of sports with in-play betting available
    17
    Bet Builder
    Tooltip Can you create your own personalised bets?
    No
    Monster Casino Sportsbook is the new sports betting offering from this long established casino brand, with a small but select selection of sports to bet on.
  31. 40
    Stake.com Betting
    Established 2017
    More Details
    Betting Partner of UFC, Everton, & Watford FC
    Vast range of sports and markets on offer
    UEFA Champions League and More Live Streaming
    Promo Code
    Tooltip The code required to claim a sign-up bonus (if any)
    not required
    Min Deposit
    100
    Acca Insurance
    Tooltip Refund or free bet when one selection in an accumulator lets the bet down
    No
    Live Streaming
    Tooltip Is there live streaming of sporting events?
    Yes
    In-Play Betting
    Tooltip The number of sports with in-play betting available
    38
    Bet Builder
    Tooltip Can you create your own personalised bets?
    No
    The world's leading crypto sports betting site - Buy and bet with 19 different cryptocurrencies.
  32. 41
    Nine Sports
    Established 2021
    More Details
    Licensed Bookie With Top-Tier Security Protocol
    Tournaments for New and Returning Bettors
    Prompt Payouts Across All Payment Methods
    Promo Code
    Tooltip The code required to claim a sign-up bonus (if any)
    not required
    Min Deposit
    10
    Acca Insurance
    Tooltip Refund or free bet when one selection in an accumulator lets the bet down
    No
    Live Streaming
    Tooltip Is there live streaming of sporting events?
    No
    In-Play Betting
    Tooltip The number of sports with in-play betting available
    16
    Bet Builder
    Tooltip Can you create your own personalised bets?
    Yes
    NineCasinos Sportsbook is a fairly new bookmaker that covers dozens of betting markets and various sports events. It allows live sports betting, and offers a generous prize for sports tournaments.
  33. 42
    BetItOn Sportsbook
    Established 2020
    More Details
    Rising Star Operator of the Year' 2021
    Single or Acca Bets Cashout
    ‘BoostItOn’ Accumulator Boosts
    Promo Code
    Tooltip The code required to claim a sign-up bonus (if any)
    not required
    Min Deposit
    10
    Acca Insurance
    Tooltip Refund or free bet when one selection in an accumulator lets the bet down
    No
    Live Streaming
    Tooltip Is there live streaming of sporting events?
    No
    In-Play Betting
    Tooltip The number of sports with in-play betting available
    12
    Bet Builder
    Tooltip Can you create your own personalised bets?
    No
    BetItOn have ex-Liverpool striker and Champions League winner Djibril Cissé as their brand ambassador and resident football expert
  34. Mega Win When Bettors Combine Selections
    Comprehensive Collection of Sports, Including Esports
    Esports Video Streams
    Promo Code
    Tooltip The code required to claim a sign-up bonus (if any)
    not required
    Min Deposit
    10
    Acca Insurance
    Tooltip Refund or free bet when one selection in an accumulator lets the bet down
    No
    Live Streaming
    Tooltip Is there live streaming of sporting events?
    No
    In-Play Betting
    Tooltip The number of sports with in-play betting available
    18
    Bet Builder
    Tooltip Can you create your own personalised bets?
    No
    Neo.Bet is a sportsbook that attracts users with its competitive odds and unique features. Personal bet configurator is one of them. The platform runs smoothly on devices with screens of all sizes.
  35. 44
    Parimatch Sports
    Established 1994
    More Details
    Big Selection of Live Betting Markets
    Clean Interface
    Dual Sportsbook & Casino Platform
    Promo Code
    Tooltip The code required to claim a sign-up bonus (if any)
    not required
    Min Deposit
    10
    Acca Insurance
    Tooltip Refund or free bet when one selection in an accumulator lets the bet down
    No
    Live Streaming
    Tooltip Is there live streaming of sporting events?
    Yes
    In-Play Betting
    Tooltip The number of sports with in-play betting available
    23
    Bet Builder
    Tooltip Can you create your own personalised bets?
    Yes
    Casino players are not the only ones spoilt for choice with Parimatch, sports lovers are too. The betting platform features competitive odds on a big selection of sports.
  36. 45
    mr.play Sports
    Established 2017
    More Details
    Dual Sportsbook & Casino Platform
    Distinctive ‘Moustache’ Branding
    ‘PlayBoost’ Accumulator Boosts
    Promo Code
    Tooltip The code required to claim a sign-up bonus (if any)
    not required
    Min Deposit
    10
    Acca Insurance
    Tooltip Refund or free bet when one selection in an accumulator lets the bet down
    No
    Live Streaming
    Tooltip Is there live streaming of sporting events?
    No
    In-Play Betting
    Tooltip The number of sports with in-play betting available
    32
    Bet Builder
    Tooltip Can you create your own personalised bets?
    No
    Mr.Play Sports has a fun style of its very own, with a memorable handlebar 'tache wherever you look, but it boasts a serious amount of betting markets, plus Premier League & 'Euro Elite' betting battle tournaments.
  37. 46
    Sportaza Sports
    Established 2021
    More Details
    96% Payout Rate On Top Leagues
    Bitcoin And Other Crypto Payments Available
    Higher Odds Than Other Betting Site Options
    Promo Code
    Tooltip The code required to claim a sign-up bonus (if any)
    not required
    Min Deposit
    30
    Acca Insurance
    Tooltip Refund or free bet when one selection in an accumulator lets the bet down
    No
    Live Streaming
    Tooltip Is there live streaming of sporting events?
    Yes
    In-Play Betting
    Tooltip The number of sports with in-play betting available
    -
    Bet Builder
    Tooltip Can you create your own personalised bets?
    Yes
    Unlike other betting companies, Sportaza appeals to a new generation of customer by gamifying its offering. This means every week, the online bookmaker will host challenges and tournaments where bettors earn points to improve their VIP rank.
  38. 47
    Spinzwin Sport
    Established 2017
    More Details
    Abundance of sports betting markets
    Licensed by UKGC and MGA
    Availability of partial cashouts
    Promo Code
    Tooltip The code required to claim a sign-up bonus (if any)
    not required
    Min Deposit
    10
    Acca Insurance
    Tooltip Refund or free bet when one selection in an accumulator lets the bet down
    No
    Live Streaming
    Tooltip Is there live streaming of sporting events?
    No
    In-Play Betting
    Tooltip The number of sports with in-play betting available
    21
    Bet Builder
    Tooltip Can you create your own personalised bets?
    Yes
    SpinzWin definitely knows how to cut through the noise. The site’s operator has been in business for over a decade, which says a lot.
  39. 48
    Palm Slots Sports
    Established 2022
    More Details
    Crypto-Friendly - Including Bitcoin
    Integrated Casino Wallet
    Leading Esports Betting Provider
    Promo Code
    Tooltip The code required to claim a sign-up bonus (if any)
    PALMBET100
    Min Deposit
    10
    Acca Insurance
    Tooltip Refund or free bet when one selection in an accumulator lets the bet down
    No
    Live Streaming
    Tooltip Is there live streaming of sporting events?
    No
    In-Play Betting
    Tooltip The number of sports with in-play betting available
    21
    Bet Builder
    Tooltip Can you create your own personalised bets?
    Yes
    A new sportsbook to Canada, PalmSlots is operated by NewEra B.V, a trusted brand responsible for Pribet, Cashalot, and FaroUK.
  40. 49
    Mr Mega Sports
    Established 2021
    More Details
    Accumulator Boosts of up to 77%
    Extensive Range of Football Markets
    Dual Sportsbook & Casino Platform
    Promo Code
    Tooltip The code required to claim a sign-up bonus (if any)
    not required
    Min Deposit
    15
    Acca Insurance
    Tooltip Refund or free bet when one selection in an accumulator lets the bet down
    No
    Live Streaming
    Tooltip Is there live streaming of sporting events?
    No
    In-Play Betting
    Tooltip The number of sports with in-play betting available
    8
    Bet Builder
    Tooltip Can you create your own personalised bets?
    No
    Mr Mega Sports boasts an impressive and easy to use online betting interface, with markets on all major sports and events, plus a wide range of Esports betting markets.
  41. 50
    Betway Sports
    Established 2006
    More Details
    Esports Operator of the Year' 2019
    Rewarding Parlay Club
    Exclusive Esports Club
    Promo Code
    Tooltip The code required to claim a sign-up bonus (if any)
    not required
    Min Deposit
    10
    Acca Insurance
    Tooltip Refund or free bet when one selection in an accumulator lets the bet down
    No
    Live Streaming
    Tooltip Is there live streaming of sporting events?
    Yes
    In-Play Betting
    Tooltip The number of sports with in-play betting available
    28
    Bet Builder
    Tooltip Can you create your own personalised bets?
    Yes
    Betway was founded back in 2006, making it one of the experienced brands in the market today. Aside from having a massive selection of sports, the brand excels with esports betting odds.