Betting on the Olympic Games Online
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Understanding the Summer Olympic Games
As mentioned, the Olympic Games feature a vast array of sports, covering numerous disciplines. The exact number of sports included in the Summer Olympics can change annually, with new events sometimes added and others occasionally removed. This selection often depends on an event's popularity and the number of athletes interested in participating.
Why Singaporean Bettors Love the Olympics
For sports betting enthusiasts in Singapore, the Olympic Games stand out as a premier sports tournament for betting. This is largely due to its quadrennial occurrence, which draws significant attention even from those who aren't avid sports fans year-round.
The sheer diversity of sports in the Summer Games is another major draw. While some might not follow sports like tennis closely, they might still tune in for athletics and place bets on potential medal winners. There's truly something for everyone.
The accessibility of placing bets on the Olympics further enhances its popularity among those exploring sports betting. Online betting platforms in Singapore readily list all the sports and relevant odds, making it as simple as a few clicks to place a wager.
A Glimpse into Olympic History
While Olympic victories don't come with direct monetary prizes, winning a medal carries immense prestige. This recognition often translates into lucrative sponsorship and advertising opportunities for athletes, providing significant financial rewards.
The first known version of the Olympic Games dates back to 776 BC and the event takes its name from Olympia, the city where it was first held in ancient Greece. The first modern Olympic Games took place towards the end of the 19th century.
Fourteen countries took part with a total of 241 athletes in 43 different sporting events. Compare this to 2016 when more than 11,000 athletes took part representing more than 200 countries and it is easy to see how the event has evolved in less than 150 years.
In that time there are also other Olympics that have been created. The winter Olympic Games includes specifically winter sports such as skiing and skating. There is also a Paralympics Games equivalent of both the summer and Winter Olympics Games. These games are designed for athletes who have a disability and they always take place a few weeks after the main Olympic Games.
Years without the Olympics
The four year gap between games has always been adhered to but there have been exceptions for unique circumstances. In 1916 the First World War meant that the Games could not take place.
The same applied to the Games in 1940 and 1944 during the Second World War. In 2020 the global Covid-19 pandemic meant that the Games due to be held in Tokyo had to be postponed to 2021.
How to bet on the Olympic Games
The first step is to open an account with an online betting site. Each site is slightly different but the user will need to submit some of their personal information to set up the account. They will then need to make a deposit to the account.
This is usually done via a debit or credit card but each site is different. Other deposit methods include bank transfer and using e-wallets. Each site is different so any user that has a specific payment method that they prefer they would need to check in advance to see if it is accepted.
Once the deposit is made the player is able to place a bet. The sites will show the different odds on the various athletes taking part in the Summer Olympic Games and the chances of them winning one of the medals.
It may offer odds and betting options for different rounds and heats of each sport, so fans can follow their favorite sport throughout the event, placing smaller bets on each stage if they wish. Sports betting can be done with relatively small amounts of money so some bets can be just a few cents if the player prefers to keep things simple.
Sports betting strategies for the Olympics
There are no particular sports betting strategies for the Olympics. While the person placing the bet can take into account the athlete or team's performance in other events, taking part in the Olympic Games is very different and they may not perform as well. Every sporting event is different.
It's also not always possible to monitor an athlete's performance in a previous Games. Some athletes only take part in one and for those who take part in more than one, the four year gap in between means that their performance may not be as good the second time around.
However, one of the best tips for sports betting on the Olympic Games is to consider an athlete's performance in the heats before deciding whether or not to play a bet on the latter rounds such as the semi-final or the final of a particular sporting event. This will show how the athlete is performing and will give more information about their potential as a winner.
