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Types of Betting Markets Crypto Sportsbooks Might offer for 2021 Olympics

After 2020 saw the postponement of the Tokyo 2020 Summer Olympic Games, the highly awaited tournament is here. The game commences on Friday, July 23rd, and will run through to Sunday, July 8th, 2021. The multi-sport event will host competitions around 339 events in 33 sports, among 11,091 athletes, from 206 nations of the world.

As usual, the Games will feature some of the most popular sports in the world, such as football, basketball, horse racing, tennis, table tennis, cycling, among others. It is customary for sportsbooks to open their doors to punters who want to catch some extra fun from gambling on these games. Some betting sites have already created several markets that bettors can leverage for the Tokyo Games. With the present position of crypto sportsbooks in the industry, this article looks at different CryptoBetting markets on offer for the Tokyo Games.

What are betting markets?

Betting markets are the different possible outcomes that a betting site attaches to each sport event on their platform. These betting markets can be up to 100 or more per every sporting event, depending on the event’s popularity. Each betting market comes with a specific odd that is determined by the likelihood that a particular outcome will happen at the event.

For instance, it’s common for sportsbooks to give high odds to the underdogs, while the top dogs get lower odds. While some sportsbooks could allow at least one betting market on a slip, some don’t allow that, as their minimum is usually two markets. On a good number of crypto betting sites, you can even bet on just one market, provided you stick to the applicable T&Cs.

Olympic Games betting markets you will likely see at most crypto sportsbooks

  1. Football

Football is a very popular sport in the Summer Olympics, and its popularity transcends the Olympics to other sports events. As a result, you will find that most crypto sportsbooks have much more betting markets on football than other sports. Should you visit a versatile crypto site, you can be sure that those markets will also attract some incredible odds

Also called soccer, football will feature 16 teams, and the earliest market offered on it is the winner market. You can bet on any of the 16 teams winning the soccer competition at the Olympics, and the odds for different teams will differ considerably because of the rationale provided earlier. Other markets include groups A–D winners, groups A–D qualifiers, most team goals, highest goalscorer, the best player of the tournament, who to win or draw (1×2), double chance, red or yellow cards, goalscorer. 

You can also bet on correct score, double chance, most corners per game or per team, total goals, minute-by-minute goal, full-time and half-time scores, both teams to score, best coach, over/under goals, draw no bet, Asian handicap, European handicap, most throw-ins. 

  1. Basketball

Basketball is another sport that enjoys immense popularity among sports lovers worldwide. The following enjoyed by basketball extends to the Tokyo Games, as most crypto sportsbooks will offer different games to players around different gaming jurisdictions. The basketball competition will feature 12 teams representing 12 nations that qualified for the event. It will also feature the winner market with different odds attached to each team. You may also bet on Groups A-C winners, Groups A-C qualifiers, the best player of the competition, 1st half, 1st quarter, game lines, game tie at the end of regulation. 

Alternative bets match result and total, result and both teams to score points, winning margin, winning margin 3-way, 7-way, 12-way, game total (bands) 3-way, game total (bands) 8-way, game total – odd/even, double result, scores per half, scores per quarter, half-correct score, correct quarter score, highest scoring team per quarter, highest scoring team per half, to mention a few. 

  1. Baseball

Baseball in the Tokyo 2020 Games is a special sport because it is making a reappearance since it was removed after the 2008 Beijing Olympics. As a result, the sport is set to grace the betting markets of most crypto sportsbooks. The reason for baseball’s popularity at the 2020 Olympic games is that punters are curiously considering the idea of wagering one of the newly added sports. And baseball seems to be the most popular amongst them. The game features 6 teams that attract different odds for the winner market. 

You could also bet on game lines, 3-way, alternative bets, total hits, game total – bands, game total –odd/even, winning margins, game run, the player runs, player singles, player doubles, player stolen bases, player total bases, player home runs, top 1st run, top 1st hit, bottom 1st run, bottom 1st hit, 1st team to score, the team with most scoring innings, among others. 

  1. Boxing

Boxing is also highly anticipated by punters for the Tokyo 2020 Games. Crypto sportsbooks will open up different markets for this sport, which has different weight classes, such as flyweight, featherweight, lightweight, welterweight, middleweight, light heavyweight, heavyweight, and super heavyweight. The sport will feature 13 events, while most betting markets will be based on individual levels. 

You can wager on markets such as total rounds, winner of each weight class, fight outcome, fight duration, round group betting, fight to go the distance, fight duration for groups, total rounds for groups, number of punches per boxer, to mention a few. 

  1. Volleyball

Volleyball has been a top market for different summer Olympic Games, and the Tokyo Games already show signs of maintaining that reputation. The competition has two variants: the conventional volleyball game featuring 24 teams and the beach volleyball featuring 48 teams. As usual, all markets will come with different odds that stand them out. You can either wager on the male or female games.  

You can bet on the winner market, teams to win, total points, handicap – sets, correct score, double result, match total odd/even, 1st set total odd/even, 1st set lines, 1st set margins, 1st set correct score, 1st set to go extra points, score after two sets, score after three sets, and others.  

Janice Graziano

Janice has joined Times of Casino team as a casino news writer. Along with writing, she is additionally a content manager. Janice has over five years of experience in inscribing. Her zealousness for casino and online gaming draw her to casino industry. In her spare time, she relishes playing online poker games.

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