Male sports, both professionally and collegiate, greatly dominate sports betting in the US. Approximately 90 percent of the wagers licensed sportsbooks take during a typical year are on games contested by men.<\/p>\n
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NFL and college football generate the most wagers. Basketball, both NBA and college, the latter highlighted by the NCAA Division 1 men’s basketball tournament, trails closely. The MLB also receives considerable action, while the NHL is a distant fourth of the big four in terms of wagering activity.<\/p>\n<\/div>\n
During the 2020 Summer Olympics in Tokyo, however, it was the women who led the betting handle. Sports that received substantial betting includes women’s soccer, swimming, and gymnastics.\u00a0<\/span><\/p>\nPointsBet revealed that the US women’s soccer team was responsible for 85 percent of the sportsbook’s action on soccer.\u00a0<\/span><\/p>\nUnfortunately for many bettors, the US women’s soccer squad failed to win gold. Team USA was favored at +110 to win the most prestigious medal, but ended up finishing third with bronze.\u00a0<\/span><\/p>\n2020 Olympics Betting Recap<\/b><\/h2>\n
Because of the Olympics being contested during the overnight hours when most Americans are sound asleep, PointsBet reported a reduction of live, in-play betting from the 2016 Summer Games in Rio de Janeiro. The sportsbook said bettors more heavily wagered instead on full-game outcomes and medal results.<\/p>\n
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Prior to the 2020 Olympics, the United States was the heavy favorite to win the most combined gold, silver, and bronze medals at -900. Team USA prevailed by claiming 113 medals, with China a distant second at 88. Bettors who took the -900 odds won just $11.11 for every $100 wagered.<\/p>\n<\/div>\n
The US was even more favored to depart Japan with the most gold medals. They barely did so by a count of 39-38, also over China. Favored at -1200 to win the most gold, bettors needed to risk $1,200 to win $100.\u00a0<\/span><\/p>\nThe 2020 Olympics will be remembered as the games that were postponed by the pandemic, and then held a year later without fans because of ongoing coronavirus concerns. They’ll also be remembered for Simone Biles’ shocking withdrawal<\/a> from most of her gymnastics events, including the team and individual all-arounds.\u00a0<\/span><\/p>\nNumerous sportsbooks refunded bets on Biles in the events that she did not compete.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"The 2020 Olympics, contested a year late in 2021 because of COVID-19, are finally over.\u00a0 One leading US sportsbook says women’s sports largely generated the betting action over the past two weeks. Australia-based PointsBet is licensed to facilitate sports betting in six US states — Colorado, Iowa, Illinois, Indiana, Michigan, and New Jersey. And in […]<\/p>\n","protected":false},"author":25,"featured_media":182279,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[16,1074],"tags":[],"acf":[],"yoast_head":"\n
Olympics Betting Recap: Women's Sports Fuels Action<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n