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

We analyze what nations are favored with the sportsbooks to win the most medals at the Tokyo Olympics
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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

CountryOddsImplied chance
USA-70087.5%
China+72012.2%
Japan+33002.9%
Great Britain+40002.4%
Russia+50002%

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.  

China expected to take home the Silver

CountriesOddsImplied chance
China-32576.5%
Great Britain+42019.2%
Japan+66013.2%
USA+9509.5%
Russia+14506.5%

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

CountryOddsImplied chance
Japan+15838.7%
China+30025%
Russia+34022.7%
Great Britain+37021.3%
Germany+12007.7%

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.

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insight

A PR Associate at @OddsCheckerUS. Available for Podcasts, Radio, and TV. Quoted in Forbes, Chicago Tribune, Sports Illustrated, and more.

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