Bet on Winter Olympics: Winter Olympics Betting & Odds

The Winter Olympic Games are a major multi-sport event held once every four years. With the 2026 Winter Olympics having just passed by, it's handy to know what Olympic betting is all about in case you want to try it out for the next edition of the competition.

Consult this betting guide for an in-depth explanation of the Olympic Games betting markets and betting odds at LV BET.

Quick Overview of Winter Olympics

As we've mentioned, the Winter Olympic Games happen once every four years that feature sports played on snow and ice. Here's a full list of the sports:

• Alpine Skiing
• Biathlon
• Bobsleigh
• Cross-Country Skiing
• Curling
• Figure Skating
• Freestyle Skiing
• Ice Hockey
• Luge
• Nordic Combined
• Short Track Speed Skating
• Skeleton
• Ski Jumping
• Snowboarding
• Speed Skating
• Ski Mountaineering

As you can see, the Winter Olympics are divided into multiple sports and events, each with its own format and rules. Some events are based on time, such as Alpine Skiing and Speed Skating, where the fastest athlete wins. Others use points awarded by judges, such as Figure Skating, while team sports like Ice Hockey use knockout and group-stage formats.

Athletes compete for three medals in every event: gold for first place, silver for second place, and bronze for third place. Medal counts are tracked throughout the Games, creating a competition between nations as well as individual athletes.

The Winter Olympics typically last around two weeks, with events taking place daily across different venues. At the end of the Games, the athletes and nations with the strongest performances are recognized through medal ceremonies and final standings.

Different Betting Options for Winter Olympics

It's important to know what to aim for where betting markets are concerned.

Outright Winner

This is the most popular Winter Olympics betting market. You simply predict which athlete or team will win the gold medal in a specific event. Outright bets are available across sports such as Alpine Skiing, Figure Skating, Speed Skating, and Ice Hockey.

Podium Finish

Podium betting focuses on whether an athlete will finish in the top three and win any medal. It is often considered a safer alternative to outright winner betting because your selection does not need to take gold. These markets are especially popular in highly competitive individual events.

Head-to-Head Matchups

Head-to-head markets compare two athletes or teams competing in the same event. Your wager wins if your chosen competitor finishes ahead of the other, regardless of their overall position. This market is useful when predicting the outright winner is difficult.

Medal Table Betting

Medal table betting allows you to wager on how countries will perform across the entire Olympics. Common options include predicting which nation will win the most gold medals or achieve the highest overall medal count. These bets remain active throughout the Games.

Over/Under Totals

Over/under betting is mainly found in team sports such as Ice Hockey and Curling. Bettors predict whether the total number of goals, points, or ends scored will be above or below a line set by the sportsbook. This market focuses on game flow rather than the winner.

Live Betting

Live betting allows wagers to be placed while an event is already in progress. Odds update continuously based on performances, scores, and changing conditions. This market is especially popular in Ice Hockey, Curling, and longer racing events.

Prop Bets

Prop bets focus on specific outcomes within an event rather than the final winner. Examples include record-breaking performances, nationality of the winner, or whether a particular athlete will win a medal. These markets often appear around high-profile Olympic events.

Futures Betting

Futures bets are placed well before an event or even before the Olympics begin. Common futures include overall medal leaders, tournament champions in Ice Hockey, or total medals won by a nation. These wagers typically offer longer odds and remain open for an extended period.

How to Place an Winter Olympics Bet at LV BET

Winter Olympics betting is super easy to do at LV BET. First, you must register and provide the necessary details for the creation of your account. Once that is complete, you must fund your account through a deposit. LV BET includes an extensive list of payment methods, allowing players to top up their balance however they prefer.

Before going through with the deposit, make sure to claim your Welcome Bonus (if depositing for the first time) or any other bonus you might be eligible for. Kindly note that the availability of bonuses and their rewards may depend on your jurisdiction.

Once your account is registered and it is topped up with funds, the fun will begin. Simply head to the 'Sports' section at the top left corner and choose from a wide range of sports happening around the globe. Choose your bet wisely, and hope for the best.

Users interested in a winter discipline that combines two separate skills can visit Nordic combined betting . Nordic combined brings together ski jumping technique and cross-country endurance, making both explosive execution and sustained physical performance important.

A wider all-season multi-sport category is available through Olympics betting . This section can include many different disciplines beyond winter events, each with its own structure, competitive context and analytical details.

For a more technical and performance-based sport, LV BET also offers Gymnastics betting . Gymnastics focuses on routine difficulty, balance, control, execution quality and the ability to perform cleanly in high-pressure moments.

Best Strategy for Winter Olympics Betting

As a betting site, it's our duty to help you consider various tips and tricks to bet on the game successfully:

• Research athlete form and recent results: Winter Olympic events are often decided by very small margins. Reviewing recent performances can help you identify competitors entering the Games in top form.
• Understand each sport's format: Different sports use different scoring and qualification systems. Knowing how an event is structured can help you make more informed betting decisions.
• Pay attention to weather conditions: Outdoor events such as skiing, snowboarding, and biathlon can be heavily affected by wind, snow, and visibility. Changing conditions can significantly impact results.
• Look for value beyond favourites: Olympic events often feature talented athletes who receive less attention than the favourites. Identifying underrated competitors can provide better betting value.
• Use head-to-head markets wisely: Predicting an outright winner can be difficult in large fields. Head-to-head bets often offer a simpler way to capitalise on performance differences between athletes.

Common Mistakes to Avoid When Betting on Winter Olympics

Avoiding a few common mistakes can make Winter Olympics betting much easier and more enjoyable.

• Betting based on reputation alone: Well-known athletes do not always perform at their best during the Olympics. Always consider current form rather than relying solely on past achievements.
• Ignoring weather forecasts: Weather can dramatically affect outdoor events and athlete performance. Failing to account for conditions can lead to poor betting decisions.
• Overlooking qualification rounds: Early-round performances often provide valuable insight into an athlete's condition. Ignoring these results may cause you to miss important trends.
• Chasing losses: Increasing stake sizes after losing bets can quickly deplete your bankroll. Maintaining discipline is essential for long-term success.
• Betting on too many events: The Winter Olympics feature a huge number of competitions over a short period. Spreading your attention too thin can reduce the quality of your research.