The 2024 Olympics marks the 100th year that the Philippines has competed in the Games. That makes it a big year for the county and perhaps the ideal time to explore Olympics betting sites and get involved. Olympic games betting offers a unique opportunity to wager on a huge range of sports with world-class athletes competing for two weeks. As you read on, we’re going to share with you the best Olympic betting sites where you’ll find the best odds and markets. Our Olympic games betting guide will also help you to know the best bet types and how to place them.

We’ve now reached the stage where we’re going to share the details of the best Olympic betting sites for punters in the Philippines. The sportsbooks that follow have all been rigorously tested and we’ve ensured that they meet our standards. Let’s take a look at the sites that you should be heading to this summer:

1. Bet88

Launched in 2020, Bet88 is a top site in the Philippines. With a license from the Philippine Amusement and Gaming Corporation, you can be sure that this bookie is one that can be trusted.

If you’re looking to bet on the Olympics, signing up as a new customer can see you rewarded with a 100% matched deposit to 8,888 PHP. This bonus is a great way to boost your bankroll for betting on Olympic sports such as tennis, football, and basketball.

Payment methods here include GrabPay, StarPay and a range of cryptocurrencies. You can deposit anywhere from 1 PHP with no upper limit. There’s no upper limit to withdrawals either and these start at 100 PHP.

We were impressed with what this operator offers, but let’s look at what our expert, Evelyn Balyton, is saying about the Bet88 site:

2. GGbet

This Philippines betting site was launched back in 2016 and has a Curacao license. This means that it’s a secure destination for your Olympic betting.

New customers have the chance to claim a 125% matched deposit up to 10,000 PHP. There are also ongoing offers such as the daily place a bet and get a bet free. These bets could be very useful during the Games and we’d be tempted to place them on football as the margins are right down at 3.2%. Across the board, we found competitive Olympics betting odds.

You can make deposits and withdrawals with a range of methods. These include popular e-wallets such as Skrill and Neteller. You can deposit anywhere from 1 PHP while the minimum withdrawal is set at 100 PHP.

Let’s see what our expert, Evelyn Balyton, has to say about the GGbet site:

3. 1Red

Launching 2023, 1Red is one of the newer Philippines sportsbooks. The good news is that it has a Curacao license and we’re happy that it’s safe and secure.

Looking at the welcome bonus here, we found that punters need to use Euros. The offer gives you a 50% match up to €100. While attractive, it’s far from being the most generous we’ve seen. The good news is that there are ongoing offers though, and these include the likes of acca boosts.

We were pleased to see active markets for archery and sailing. These Olympic events don’t always have the best coverage so 1Red could be the go-to place to wager on these.

To deposit at 1Red, you can use the likes of Visa, Skrill, and Neteller. Deposits can be between €20 and €5,000 while withdrawal limits are €30 - €5,000.

Here’s what our expert, Evelyn Balyton, thinks of the 1Red site:

4. Betvisa

Since 2017, Betvisa has been offering a top sports betting experience. With a license in place from the Curacao government, it has also shown itself as being trustworthy.

The welcome bonus here offers a 50% match up to 3,000 PHP. However, what makes this site great for Olympics betting are the great ongoing offers. There are daily reloads and even cash rebates on sports bets.

Betvisa has a range of payment methods, such as GrabPay. Help 2 Pay, and ZaloPay When it comes to deposits, the minimum is 200 PHP with no upper limit. Frustratingly, withdrawals can only be made via bank transfer. This takes 3-5 days, but there’s no upper limit, while the minimum is 500 PHP.

Let’s take a look at what our expert, Evelyn Balyton, has to say about the Betvisa site:

5. 20bet

20bet is a well-established bookie that is known around the world. Like all top sportsbooks, it is fully licensed, with this one coming from the Curacao government.

The welcome bonus here is 100% up to 6,000 PHP. What’s even better is the fact that there’s a weekly reload that also goes up to 6,000 PHP. This is a generous offer, and one that you can use at the dedicated Olympics betting section. Here, you can already explore markets for fencing, judo, and canoeing. We’re sure more will be added before the Games get underway.

You can use the likes of Skrill, Neosurf and crypto to deposit and withdraw. In fact, there are more than 30 payment options here. Deposits and withdrawal limits start at 10 PHP with no upper cap.

Here’s what our expert, Evelyn Balyton, is saying about the 20bet site:

We hope that you’re now keen to jump in and start to bet on Olympic events. Before you do, it’s important that you have a grasp of the different types of bets that are available. A proper understanding of this will help you to place the best bets. It’s also important to be able to read the odds and understand what they mean. Being able to do this means that you’ll be able to see how profitable a wager could be.

Once you’re comfortable with these points, placing a bet is simple. Here’s the steps to follow:

1. Head to your chosen site and make sure you have funds
2. Explore the events and markets you want to bet on
3. Click on your chosen selection and it will be added to your bet slip
4. Enter the amount you want to wager then click to confirm
5. Wait for the event to end

Before you can bet on the Olympics, you’re going to need an account with one of the best sportsbooks. Here’s a look at the steps you need to follow to get your account up and running:

1. Use our links to head over to an Olympic betting site
2. Look for a button that says something such as ‘Register’ or ‘Join’
3. Once you’ve clicked on the button, fill in your name, email address and date of birth
4. Look out for an email to verify your account and click the link it contains
5. You can then deposit in your new sportsbook account

The Olympic Games come with a wide range of bet types to get involved with. The more of these that you understand, the more opportunities you have to place a profitable bet. Only wagering on outright winners means that you’re leaving so much on the table, and we want to change all of that and give you the best chance of boosting your wins. Let’s take a look now:

Moneyline bets

If you’re new to Olympic betting, this could be a good bet type to introduce you to it. When you place moneyline bets, you’re wagering on an athlete or a particular country winning an event. Maybe you think that the Philippines’ own John Cabang is going to win the 110m hurdles. Perhaps you think the country will come up trumps in the 4x400m. These are just examples of many bets that you could place. Just remember that betting on favourites will mean lower odds and less profit. Sometimes a wager on an outsider, though riskier, can bring bigger wins.

Spread bets

If you want to venture into spread bets, this is about looking at the margins that an event is won by, rather than just the winner. Maybe you’re looking at the likes of the USA and you think that the country will top the gold medal table. There could be a spread offered of 32-37. For your bet to come in as a win, it’s not just about the US having the most golds: they need to have more than 37.

Prop bets

An easy way to explain prop bets is as yes/no bets. Examples could be will the Philippines win more than two golds? Will the world record to broken in the men’s 100m freestyle? As you can imagine, with so many events taking place during the Games, the number of prop bets will be huge.

Future bets

This type of bet is pretty well summed up by its name. With a future bet, you’re betting on a longer-term outcome rather than the likes of a winner of a race that's taking place right now. You may want to bet on things such as the country that will take the most golds, or the country that will have the most golds in the pool. These bet types are exciting as you have to watch them build up to the overall outcome with each event potentially taking you closer to a win. The slight downside is that when looking too far ahead, there’s more chance of unexpected factors creeping in and scuppering your chances.

Parlays

Parlays are also known as combos and multiples. This is where you bet on a number of events/outcomes and combine them as one. Generally, a parlay will have to have at least three legs to it. The thing with parlays is that the winnings can be massive. The more legs you add the higher the odds and the bigger the potential payout. However, it just takes one result to go against you for your bet to fall apart.

Over/Under bets

When looking at over and under bets, you’re betting on either the number of points/goals or the time a race is won in. Your sportsbook may say that the men’s 3,000 meters will be won in 7 minutes 40 seconds. You can then bet on whether the winner will be over or under this time. In football, the betting site may say that there will be 2.5 goals in total. Again, you can bet on whether there will be more or less.

Live betting

We’re huge fans of live betting and the excitement that it brings. It allows you to look at an event that’s taking place right now and then place a bet. The advantage of this is that you're not just guessing before an event has started. You can see it unfold and base your bet on that. Imagine the favourite to take the gold in the football final showing a less-than-great display in the first 15 minutes. That could well tempt you to bet against them and secure some good odds. Talking of odds, these can change rapidly with live bets, so you’ll need to monitor these closely.

1. Watch for injuries

   The first of our Olympics betting tips is about keeping an eye on athletes and the condition that they’re in. If they get injured during training, then there’s a good chance that will impact on their performance. By staying on top of updates and news you can think more about where you’re going to place your money. You may decide that the favourite isn’t worth a wager when carrying an injury.

2. Consider home advantage

   When athletes are performing in front of a home ground, there’s no escaping the fact that they experience a boost. The chants of home supporters go some way to spurring them on and they’re also familiar with the tracks, pitches, and pools being used. Looking for proof of the home advantage? A look at Great Britain in 2012 shows how far this boost can go as the country had one of its most successful Games ever. Then there was Japan in 2020, taking more than 25 golds and smashing their previous displays.

3. Watch the Weather

   Outdoor sports can be significantly impacted by the weather. Consider extreme heat and the athletes that may relish these conditions. If the temperatures take an unseasonal dive, are there countries that are likely to perform better? Also, consider the likes of high winds. These can play havoc with sailing, and even football.

Remember, betting on the Olympics should be something that you enjoy. Betting at an unlicensed and unregulated site can quickly bring this fun to an end. When you’re at legitimate sites, you’ll find that they have a host of tools that can help you to gamble within your limits. If things do start to get out of hand, they also signpost to a range of organisations that can help.

https://www.gamblingtherapy.org/?location=philippines

https://www.pagcor.ph