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With the Paris 2024 Olympics just around the corner, the world’s greatest athletes are not the only ones sharpening their skills. Fans and bettors from across the globe, even those engaged in sports betting from Malaysia, are gearing up to get a chance to make a profit by placing wagers on various sports and athletes.
The upcoming games for the Olympics 2024 are set for July 26 to August 11, 2024. This gives you plenty of time to familiarise yourself with the sporting events, as well as learn tips and tricks that experts use to win big bets.
To kick things off, it is time to get started with the betting markets for the summer Olympics:
Understanding Olympics Betting Markets
The Paris Olympics features more than three hundred events, with each one having its unique betting market and odds. Here are the most popular betting options that you will see in the upcoming Olympics:
Prop Bets
Prop bets are when you place a wager on specific predictions, including medal counts, world records, and which specific athlete or team will enjoy a podium finish. For example, you can place a bet on a star athlete like Joshua Cheptegei to break the men’s 10000m track running event Olympic record or for France to reach specific points in the men’s football group stages.
Head-to-Head Bets
Head-to-head bets are a type of wager where you predict the expected outcome of a match. Also known as money line betting, you choose which competitor will finish better than the other. For example, you can place a wager on who you think will win between two football or basketball teams during the group or knockout stages.
Over/Under Bets
In Over/Under betting, you place a wager on whether the total number of points, medals, or other results will be higher or lower than a set number. For example, an online sportsbook sets a total of 4 gold medals for Great Britain. You can place a bet on whether the actual number will be over 4 or under 4.
Outright or Futures Bets
Outright wagers, also known as Futures Bets, are when you predict an outcome of an event days or even weeks in advance. These bets have higher payouts at the risk of equally higher odds. Predicting outcomes can be challenging if done way ahead of time compared to observing live. In spite of that, Futures bets definitely add an extra layer of excitement to Olympic betting.
Live or In-Play Bets
Live bets are wagers you place while the event is ongoing, enabling you to react to the actual events and adjust your bets in real time. Betting odds can suddenly change, so Live Bets demands quick decision-making skills so that you can make the most out of the event. While there is more excitement and added betting options, this wager can encourage impulsive betting, which is why being responsible with your bankroll is crucial.
Expert Betting Strategies
Now that you know more about the top markets for online sports betting in Malaysia, here are some expert betting strategies that can turn any beginner into a pro:
Diversify Your Bets
Before diving into the world of sports betting, it is important to manage risk and improve your chances of winning. Strategically spread your bets across various Olympic events and bet types. This helps you maintain a stable bankroll and adapt to changing Olympic odds.
Analyse Form and Stats
Knowledge is power, especially when betting. Research team standings, performance records, and even past Olympic results. By familiarising yourself with these records and trends, you have a clearer idea of future outcomes. For example, the United States has been a strong competitor in athletics since 1896, having won the most amount of Olympic medals in event history.
Consider External Factors
When it comes to the Olympics, external factors can even influence outcomes. These factors range from environmental factors such as temperature and weather to psychological factors like anxiety and rest. Whether it’s mental pressure or issues with teammates, factor in these elements so that you can make more informed bets.
Monitor Betting Lines and Odds
Various sportsbooks online offer different odds, so make sure to shop around for the best odds. Look around what reputable sites are featuring for the summer Olympics and see which one offers the most favourable odds. This way, you can really maximise your potential winnings.
See Past the Hype
Seeing big names and exciting storylines is part of enjoying the Olympics, but don’t get swept away by the hype. Always make sure to base your bets on solid research and a clear understanding of the athletes involved in the events.
Bet Like a Pro with CM2Bet
The Paris 2024 Olympics promises gold and glory for both athletes and bettors alike. With this guide in hand, get ready to explore betting markets, shop Olympics odds, and celebrate winning bets come July!
Ready to experience the Games like never before? Place your bets today with the top online casino in Malaysia, none other than CM2Bet MY! Here at CM2Bet, we offer convenience and security for all your online sports betting desires. Enjoy the flexibility of placing bets anytime, anywhere, with our user-friendly platform. Visit us at www.cm2bet.com today to get started on your Olympics 2024 betting journey!
Read More: What You Need to Know About the 2024 Paris Olympics
