With the Milano Cortina Winter Games underway, Olympic betting will be new for plenty of sports bettors.
But do not get overwhelmed!
Let us guide you through 2026 Olympics wagering with some essentials on reading Milano Cortina Winter Olympics chances, and ideas for making smarter Olympic bets.
Can you bet on the Olympics?
Yes, you can bank on the Olympics through various sportsbooks and betting platforms that offer Olympic wagering markets.
Betting on the Olympics generally includes a series of popular sports, such as men's and ladies's ice hockey and curling, alpine snowboarding, figure skating, snowboarding, and more.
However, it is essential to keep in mind that wagering policies differ by country and state, so it's vital to inspect the laws in your jurisdiction.
Where to wager on the Olympics
Olympic betting is entering form, and the Milano Cortina Winter Games will draw in wagering attention. Where you bank on the Olympics is just as crucial as what you wager, and we advise the finest betting websites available in your jurisdiction.
Traditional sportsbooks like DraftKings, FanDuel, and BetMGM will have plenty of choices for betting. In addition, prediction markets are going to be substantial when it pertains to wagering on the Winter Games.
Olympics wagering at prediction markets
Prediction markets are rapidly increasing in popularity due to their special betting choices. Many of these props do not appear at traditional sportsbooks.
In the coming days, expect to see popular culture markets like:
- Who will be Lindsey Vonn's next partner?
- Will Donald Trump go to the Olympics?
- Will fans boo throughout the USA national anthem at the Olympics?
- Will any professional athletes get busted for steroids at the Winter Olympics?
Basically, there is not much off-limits when it concerns prediction market apps.
Prediction markets like Kalshi, Crypto.com, and Polymarket will have a bevy of Winter Olympics betting chances over the course of the next couple of weeks.
In addition to pop culture markets at these websites, you will likewise see more standard sports markets like "Which country will win the most gold medals?" and "Who will win the snowboarding men's halfpipe?"
We'll utilize the latter as an example.
From Kalshi:
Snowboarding halfpipe: Gold Medal Winner
- Scotty James 47% chance Yes 46 cents No 61 cents
- Ruka Hirano 2% possibility Yes 18 cents No 90 cents
- Yuto Totsuka 1 % chance Yes 18 cents No 90 cents
Sites like Kalshi show you the probability that something will occur. In the example above, Scotty James has a 47% possibility of winning the snowboarding halfpipe. This equates to +113 American betting chances.
Ruka Hirano, meanwhile, has simply a 2% chance of winning. That equates to a massive +4900 American odds.
Instead of banking on chances, with forecast markets you can purchase and offer "contracts." Most of these agreements enable users to "buy a result" for in between 1 cent and $1.
It's essential to keep in mind that with prediction markets you are betting peer-to-peer, instead of against the sportsbook.
Winter Olympics betting promo codes
There is a pu pu platter of betting choices when it concerns the Winter Olympics in Milano Cortina. There are 16 various occasions at this year's Winter Olympics with over 100 occasions occurring.
Sports wagering websites are celebrating the return of the Winter Olympics with some amazing sportsbook discounts. Check out the best offers listed below:
FanDuel: Bet $5, Win $200.
Caesars: $250 Bet Match, Win or Lose.
Fanatics: Approximately $1,000 in FanCash Bet Matches.
BetMGM: $1,500 First Bet Offer.
DraftKings: Bet $5, Win $300.
Bet365: Bet $5, Get $200 Win or Lose.
BetRivers: $500 Second Chance Bet
DraftKings likewise has some terrific odds enhances for the games in Milano Cortina:
Stars, Stripes and Shutout: USA males's ice hockey to shutout Latvia (+310 ).
Puck Line Ladder: USA to win by 5+ objectives vs. Latvia, Sweden to win by 4+ goals vs. Italy, Finland to win by 3+ objectives vs. Slovakia (+548 ).
Red, White and Runaway: USA men's ice hockey to win by 5+ objectives over Latvia (+145 )
States where Winter Olympics wagering is legal
The list of states with legal sports betting continues to grow with each passing year. Many states have actually legislated sports wagering because the last Winter Olympics in 2022.
The last time around, states like North Carolina, Kentucky, Ohio and Massachusetts were still in the dark when it concerned the high-end of being able to bet from the convenience of your couch.
Fortunately, gamblers in those states will now be able to wager on all of the Olympic action.
How to bank on the Olympics
The 2026 Winter Olympics began on Wednesday, February 4, and thanks to the increase in legalized sports betting, this year's Winter Olympics need to see the biggest betting handle ever.
Follow the pointers from our Olympic wagering guide below to make smarter wagers in this mainly unfamiliar market.
Olympic sports you can bet on
Since the Supreme Court judgment in 2018 paved the way for legalized sports betting in America, sportsbooks are giving us betting chances for more sports than ever, including the 2026 Winter Olympics.
The more popular markets like total and gold medal winners and countries' O/U medal counts are currently available while specific event markets are starting to open as credentials complete. Here is a list of sports that currently have betting markets available:
- Hockey.
- Biathlon.
- Bobsleigh.
- Cross nation snowboarding.
- Alpine skiing.
- Curling.
- Luge.
- Figure skating.
- Speed skating.
- Skeleton.
- Ski jumping
Kinds of Olympic bets
Not all Olympic bets are made equal, similar to other significant sports, with different wagering markets offered to gamblers for the 2026 Winter Olympics.
Learning how to read Olympics chances can be daunting for more recent wagerers, so we have actually broken down and streamlined the kinds of Olympic bets for you to make more insightful wagers this winter season.
Moneyline: wagering who will win an Olympic event
Betting on the moneyline - sometimes described as ML - is among the most simple bets you can make. You simply need to select the winner.
The chances are based upon indicated probability. If a team is a big preferred to win, its probability is high and will have lower odds. You can use our chances converter to see a group's indicated probability based on their chances.
The odds are displayed in American chances (hundreds) most of the time, with the larger unfavorable number being the favorite, while the side with greater odds being the underdog.
If the favorite is listed as -150, we would require to wager $150 to win $100, or bet $130 if listed at -130 to win $100.
Underdogs are easier to compute as a +125 team would pay $125 on a $100 bet, or $150 at +150.
In this example, Canada at -120 would be considered the favorite while the United States at +110 would be the underdog.
We would need to bet $120 on Canada (-120) to win $100 if Canada were to win the video game.
If we bet $100 on the United States (+110) and won, we would win $110 plus our preliminary wager.
Over/Under totals
Olympic Over/Under totals work precisely like other sports' totals. Books set an educated number on an outcome, and we select whether we think the last overall will be below (Under) or above (Over) that set overall.
Most totals are set at half-numbers, which removes the opportunities of a push (tie).
There are numerous Over/Under overalls in Olympic betting, with the most common being countries' overall or gold medal counts. Books will set a total number on how many medals a nation could win, and we bet against that number - either Over or Under.
Using the example above, a video game between the American and Czechia women's hockey teams has a set total of 5.5 combined objectives for the match. The odds for the Over 5.5 are noted at -130, and the Under is +100.
Over gamblers will win if the video game ends up with 6 or more objectives, and if there are 5 or fewer total objectives, Under bettors will win the bet.
Point spread
Points spreads are a method to produce a more even betting handle in between 2 teams that are deemed not equivalent ahead of a game or event.
Sportsbooks will set a line (the point number or spread), and bettors will have to pick if the preferred (the "-" team) will win by more than that set number or if the underdog (the "+" team) will not lose by that set number.
Hockey will be one of the most common point spread bets offered at the 2026 Winter Olympics.
In this example, USA is a -3.5 objective favorite in a hockey game versus Czechia, implying the Americans require to win the game by four or more goals to cover the spread and win the -115 bet.
If the USA wins by 3 or less goals or loses outright, gamblers backing the American spread will loss, and wagerers on Czechia +3.5 (-115) will win.
Betting on the underdog is typically described as "taking the points," while a bet on the favorite is referred to as "laying the points."
Props
Prop bets - brief for propositions- are a method to bet on distinct circumstances or markets. The Super Bowl has made prop betting popular, with wagerers wagering on everything from the length of the national anthem to the color of the Gatorade poured over the winning head coach's head.
The 2026 Winter Olympics will use a range of prop bets, consisting of lots of Yes/No markets, such as "will a world record be set in speed skating?" or, in some cases, judged sports like figure skating for a perfect score.
Futures
Future bets are long-running markets. They take longer to pay out however have a longer return in concerns to home entertainment and potential greater ROI.
