Torchbearers will finally set the Olympic flame ablaze on Friday, July 23 to commemorate the official start of the Tokyo Olympic Games.
Festivities extend through two weeks of competition, concluding on Sunday, Aug. 8 and featuring events from 46 different sports.
Bettors can wager on the majority of games taking place, including soccer, tennis, golf, basketball, and baseball at Tennessee online sportsbooks.
Tokyo 2020 Olympics futures betting odds
DraftKings Tennessee beat the rest of the sports betting field to the chase by releasing 2020 Olympic odds before any other book. Currently, Action 24/7 is the only other operator with odds out on the games.
Thus far, both books have already released futures lines for the big event. Individual competition lines will go live in the coming weeks.
Fans can wager both on which country will win the most gold medals as well as which country will win the most medals in general. Currently, Team USA tops both of those charts.
The US holds the record for the most gold medals in the history of the Summer Olympics, and it has -1200 odds of prolonging those honors this year.
At DraftKings, odds for which country will take home the most gold medals are as follows:
Tokyo 2020 soccer odds
Time and time again, men’s and women’s soccer ranks as one of the most-anticipated events of the Olympics. Competition begins on Wednesday, July 21, two days before the official kickoff of the summer games.
Odds for the women feature a first-place prediction for Team USA.
On the men’s side, Team USA has yet to make it on the board at DraftKings. Current lines give Brazil +300 odds of coming out on top, followed by both Argentina and France at +350.
Betting on baseball at Tokyo Olympics
Baseball returns to the Olympic schedule for the first time in 13 years, and Team USA is sporting an impressive roster for the reveal.
Miami Marlins infielder Eddy Alvarez is set to become the 11th American to participate in both the Summer and Winter Olympic Games, having silver medaled in short track speed skating in 2014.
Past MLB All-Stars on the 24-man roster include pitchers Scott Kazmir, David Robertson, and Edwin Jackson.
Infielder Todd Frazier is also on the team.
The first pitch of international baseball competition will be thrown on Wednesday, July 28 with an opening round from the Dominican Republic versus Japan.
Odds for the game are not yet live, though DraftKings predicts an overall win for Japan in the series, situating them at +175 odds of taking home the gold. Team USA falls into third position with +350 odds of winning.
Tokyo Olympics basketball betting odds
Basketball at the 2020 Olympics comes in two different forms. First is the traditional five-player men’s and women’s matchups.
Second are the even more exciting three-on-three faceoffs.
Women’s basketball odds
Team USA’s women are predicted to win the gold in traditional play at -2000 odds.
DraftKings also situates the US women’s team at the top of 3×3 competition with +110 odds of winning.
Men’s basketball odds
Additionally, the sportsbook projects a win from the men’s US team in traditional competition.
The 12-man roster features basketball greats including Kevin Durant, Damian Lillard, Jayson Tatum, and James Harden. Team USA currently has odds of -1000.
When it comes to 3×3 play, however, DraftKings has yet to release odds. The four-man roster will include Kareem Maddox, Robbie Hummel, Joey King, and Dominique Jones.
Games begin on Sunday, July 25 for the men and Monday, July 26 for the women.
No matter what type of betting you enjoy, the range of events at this year’s Summer Games make the opportunities practically endless.