2021 Olympics Odds: USA Favored To Win Most Medals, China and Japan Follow

2021 Olympics Odds: USA Favored To Win Most Medals, China and Japan Follow
The Olympics begin in just 4 days. So, who do oddsmakers have winning the overall competition? That would be the United States, with some Asian countries behind them.
Olympics Odds: Most Medals
USA favored to stand atop the Medal table
Country | Odds | Implied chance |
---|---|---|
USA | -700 | 87.5% |
China | +720 | 12.2% |
Japan | +3300 | 2.9% |
Great Britain | +4000 | 2.4% |
Russia | +5000 | 2% |
The United States is a massive favorite followed by China and host Japan. Oddsmakers don’t see a real challenge coming for the US though. Who can blame them? Since 1990, only twice has the US not topped the medal table at a Summer Olympics, 1992 and 2008. Over the last 30 days, 46.2% of bets have been placed on the US to top the table, by far the most on the market. Â
China expected to take home the Silver
Countries | Odds | Implied chance |
---|---|---|
China | -325 | 76.5% |
Great Britain | +420 | 19.2% |
Japan | +660 | 13.2% |
USA | +950 | 9.5% |
Russia | +1450 | 6.5% |
China is the massive favorite to take home the overall silver. Since 2000, China has become a Summer Olympics powerhouse coming in 1st, 2nd, or 3rd at nearly every tournament. Over the last 30 days, 83.3% of bets have been placed on China to take overall 2nd place.
Oddsmakers and bettors at odds over Bronze
Country | Odds | Implied chance |
---|---|---|
Japan | +158 | 38.7% |
China | +300 | 25% |
Russia | +340 | 22.7% |
Great Britain | +370 | 21.3% |
Germany | +1200 | 7.7% |
The race for bronze is much tighter. Oddsmakers are shockingly going with Japan. This year’s host country hasn’t had a top-3 finish at a Summer Olympics since 1968. They did also finish 3rd in 1964, which was the last time the Summer Olympics was held in Tokyo. Over the las 30 days, 33.3% of bets have been placed on Japan, and 33.3 % have been placed on Great Britain making those two the bettors’ favorites to take home the bronze.
A PR Associate at @OddsCheckerUS. Available for Podcasts, Radio, and TV. Quoted in Forbes, Chicago Tribune, Sports Illustrated, and more.