DraftKings Pulls Some Paris Olympics Odds After Sharps Pound Them
The Olympics come around every four years. The U.S. Supreme Court abolished The Professional and Amateur Sports Protection Act (PASPA) in May of 2018, thus ushering in the era of regulated sports betting in the United States. Thanks to the Covid pandemic, the 2020 Tokyo Summer Olympics became the 2021 Tokyo Summer Olympics.
A number of U.S. states still did not offer regulated sports betting back then and, as such, no Olympics wagering. In 2021, the likes of DraftKings and FanDuel were just getting their feet wet with this wagering option in only a handful of states. This will only be the second time the regulated sports betting apps are taking bets on the Summer Olympics. Note that these events are far more popular than anything offered during the Winter Olympics, another four year spectacle.
The wagering opportunities and amount of money expected to be bet on an event that fills an otherwise summer dead zone most years is staggering. In 2021, 97 million American adults were able to place a bet, compared with the 164 million American adults that will be able to wager on the Summer Olympics this year, according to the American Gaming Association.
In addition to the state regulated books, there are the long established international licensed online gambling companies that accept bets from most states, even those where regulation is not yet available (i.e. Texas, California, Idaho, Oklahoma, etc..) and those states that do not permit regulated sportsbooks from taking bets via mobile apps (i.e. Wisconsin, Washington, etc...). BetUS is one such company, and they are now celebrating more than 30 years in business. BetUS will be taking Summer Olympic bets from all states.
Oh, and while BetUS is considered a recreational sportsbook for the most part, much like practically every North American business with the rare exception of Circa, Pinnacle (Canada only) and Prime Sports, rarely will they drastically reduce one's limits or boot players. It's a policy that's become all too common with the U.S. regulated betting apps to the point where it's comical.
DraftKings serves as the perfect example of "you can't teach an old dog new tricks".
Justin Basch, with his nearly 10,000 followers, provided a great example via his Twitter account late Thursday as it pertains to DraftKings and the Summer Olympics.
RBY at +5000? Give me the max limits, @DraftKings https://t.co/suI7PlkBbv
— Justin Basch (@JustinJBasch) July 18, 2024
"DraftKings released some more lines for the Olympics and quickly took down the 57kg line after Spencer Lee’s odds moved from +500 to +400 shortly after it was posted."
Just imagine what will happen once the events actually get underway (gulp!).
Paris Summer Olympics Betting Options at BetUS (Early)
For live Paris Summer Olympics betting go here
Olympic Men Props
Argentina Olympic vs Morocco Olympic
Egypt Olympic vs Dominican Republic Olympic
France Olympic vs USA Olympic
Guinea Olympic vs New Zealand Olympic
Iraq Olympic vs Ukraine Olympic
Japan Olympic vs Paraguay Olympic
Mali Olympic vs Israel Olympic
Uzbekistan Olympic vs Spain Olympic
Olympic Women Props
Canada W Olympic vs New Zealand W Olympic
France W Olympic vs Colombia W Olympic
Germany W Olympic vs Australia W Olympic
Nigeria W Olympic vs Brazil W Olympic
Spain W Olympic vs Japan W Olympic
USA W Olympic vs Zambia W Olympic
Olympics Men Futures
To Win Group A
To Win Group B
To Win Group C
To Win Group D
To Win Soccer Men Olympics 2024
Olympics Women Futures
To Win Group A
To Win Group B
To Win Group C
To Win Soccer Women Olympics 2024
Medal Specials Outrights
Australia Gold Medals Total
Canada Gold Medals Total
China Gold Medals Total
France Gold Medals Total
Germany Gold Medals Total
Great Britain Gold Medals Total
Italy Gold Medals Total
Netherlands Gold Medals Total
Spain Gold Medals Total
Sweden Gold Medals Total
To Win Outright Olympic 2024 Medal Table
To Win Outright Olympic 2024 Most Gold Medals
USA Gold Medals Total
Olympics Archery Outrights
Archery Men
Archery Mixed Gender
Archery Women
Olympics Athletics Outrights
Athletics Men
Athletics Women
Olympics Badminton Outrights
Badminton Men
Badminton Mixed
Badminton Women
Olympics Basketball Outrights
Basketball Men
Basketball Women
Olympics Beach Volleyball Outrights
Beach Volleyball Men
Beach Volleyball Women
Olympics Boxing Outrights
Boxing Men
Boxing Women
Olympics Canoeing Outrights
Canoeing Men
Canoeing Women
Olympics Climbing Outrights
Climbing Women
Olympics Cycling Outrights
Cycling Men
Cycling Women
Olympics Fencing Outrights
Fencing Men
Fencing Women
Olympics Golf Outrights
Golf Men
Golf Women
Olympics Gymnastics Outrights
Gymnastics Men
Gymnastics Women
Olympics Handball Outrights
Handball Men
Handball Women
Olympics Hockey Outrights
Hockey Men
Hockey Women
Olympics Judo Outrights
Judo Men
Judo Women
Olympics Modern Pentathlon Outrights
Modern Pentathlon Men
Modern Pentathlon Women
Olympics Pentathlon Outrights
Pentathlon Men
Pentathlon Women
Olympics Rowing Outrights
Rowing Men
Rowing Women
Olympics Rugby Seven Outrights
Rugby Seven Men
Rugby Seven Women
Olympics Shooting Outrights
Shooting Men
Shooting Women
To Win Outright Olympics 2024 Shooting Mens Skeet
Track and Field Specials
Olympics Surfing Outrights
Surfing Men
Surfing Women
Olympics Swimming Outrights
Swimming Men
Swimming Women
Olympics Table Tennis Outrights
Table Tennis Men
Table Tennis Women
Olympics Taekwondo Outrights
Taekwondo Men
Olympics Tennis Outrights
Tennis Men
Tennis Women
Olympics Triathlon Outrights
Men
Mixed
Women
Olympics Water Polo Outrights
Water Polo Women
Olympics Weightlifting Outrights
Weighlifting Men
Weightlifting Women
Olympics Wrestling Outrights
Wrestling Women
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