Sports Betting

Betting on Glory with the Bet365 Bonus Offer for the 2024 Olympics

Matt Brown

The 2024 Summer Olympics in Paris are shaping up to be an unforgettable event, as they are every 4 years. They’re packed with exciting competitions across 32 sports, meaning there are tons of betting options for those who want to try their hand at making some money on the games.

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Fortunately, Bet365 has a bonus offer you can use on the 2024 Olympics — Bet $5 Get $150 or a First Bet Safety Net up to $1,000 — which provides an opportunity for both new and seasoned bettors to get in on the action.

Remember, you have to use our exclusive Bet365 bonus code — 365BV4 — when you sign up in order to get this fantastic offer!

Understanding the Bet365 Bonus Offer

Bet365's promotional offer is one of the best in the sports betting industry, and it’s even better when you mix it with the Olympics. In fact, they offer you a couple of options for getting the biggest bang for your buck this summer.

With the "Bet $5 Get $150" deal, you can make a small initial bet and receive a huge bonus to use on other bets. On the other hand, the "First Bet Safety Net" up to $1,000 provides a safeguard, refunding your bet up to $1,000 if your first bet loses. You only get to pick one of the two, but both are fairly sweet deals. It really comes down to what type of bettor you are.

These bonuses give bettors both flexibility and added value. They’re perfect for checking out the wide range of betting options available during the Olympics.

Types of Bets You Might Want to Make

When betting on the Olympics, there's a bet type to suit every interest and strategy. Since the Olympics have a wide range of events, you’ll find that there are tons of bet types for the games.

  • Moneyline bets. These are straightforward wagers on which athlete or team will win an event. They are ideal for those who want to back a favorite or take a punt on an underdog. You can bet on anything from handball to basketball to even water polo with moneyline bets.

  • Point spread bets. While less common in the Olympics, point spreads can be used in team sports to even the odds between a strong favorite and a weaker team. Not all sports and teams will have point-spread bets.

  • Totals bets. Also known as over/under bets, these involve wagering on the total number of points, goals, or medals in a game or event. For example, you might bet on the total number of goals in a soccer match.

  • Futures bets. These bets are made well in advance of the event, often on outcomes like which country will win the most gold medals or who will take home the gold in a particular event. These bets are already available on Bet365.

  • Prop bets. These are bets on specific occurrences within an event, such as the number of medals an athlete will win or whether a medalist will make a podium protest. You can find these types of bets in just about any Olympic event.

  • Parlays. Combining multiple bets into one ticket, parlays can lead to higher payouts if all the individual bets win. However, they are riskier, as losing one leg means losing the entire bet. We typically recommend against parlay bets as they heavily favor the house.

  • Live betting. One of our favorite types of bets involves placing bets on events as they happen, allowing bettors to react to the unfolding action. Bet365 is one of the only platforms that allows live betting on the Olympic games.

There are tons of bets available in nearly every Olympic event. Simply head over to Bet365, click the Olympics link in the main menu, and you’ll see that there’s no shortage of what you can bet on and how you bet on it.

Spotlight on Favorites and Odds

Every 4 years, there are teams and athletes that stand out from the rest, even before the games kick off. The 2024 Olympics are looking to be no different than before.

For example, the USA is heavily favored to win the most gold medals, with odds at -550. China's odds stand at +333, while France and Great Britain are at +6600 and +8000, respectively.

In team sports, the US men's basketball team, featuring stars like LeBron James and Stephen Curry, is a dominant -625 favorite. The women's basketball team, with key players such as Brittney Griner and Diana Taurasi, has even shorter odds at -1400. Despite the US being dominant in basketball, never hesitate to look for an upset. They happen, and the Olympics is where the best athletes stand out from the rest. Who knows, perhaps the Australian Women’s team (-2200) might come out with an upset and take the gold in basketball.

For individual sports, the 100-meter race often pulls in tons of betting interest, as it is one of the marquee events of the games. Of course, the athletes aren’t as well known in some other sports. On the other hand, swimming and gymnastics, featuring stars like Katie Ledecky and Simone Biles, also attract a lot of bets because many fans know these athletes.

How to Make the Most of Bet365's Offer

Want to go for the gold for yourself? Using the Bet365 bonus offer is one of the best ways to do so.

To maximize the Bet365 bonus offer, start with research. That might sound obvious, but you’d be amazed at how many people bet with just emotions and not completely understanding the event of the athletes.

Understanding the athletes, teams, and events can give you an edge. Use the "Bet $5 Get $150" to try out different types of bets without risking too much of your own money.

The "First Bet Safety Net," on the other hand, can be useful for those placing larger bets, providing a safety cushion if the initial bet doesn’t go as planned. 

These two bonus offers are great, but which one you choose really depends on whether you’re a high roller or a casual bettor just trying out the platform.

Try Something New and Bet on the Olympics at Bet365

The 2024 Olympics offer an insane amount of betting opportunities. From the high-stakes 100-meter dash to the anticipated performances in swimming and gymnastics, we’re confident you’ll find something that piques your curiosity.

With Bet365's bonus offers, you have a great chance to boost your betting experience. You can choose to go small with a simple $5 bet and get $150 in bonus bets to use how you’d like, or you can go all in with a large bet and have a safety net in place in case you lose. The option is yours, and there are plenty of options available in Paris this summer.

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