Winter Olympics 2022 Odds – Bet on The Winter Games in NJ
Winter Olympic wagering is new to the NJ sports betting world. The 2022 Winter Olympics marks the first time odds are legally available to Garden State bettors. The 2018 Winter Games in Pyeongchang took place before the modern age of legal betting expansion in the US.
However, this is not the first Olympic Games in which legal wagering is available. That honor belongs to the 2020 Summer Games in Tokyo that actually took place one year later due to COVID-19 restrictions.
The Winter Olympic betting menu might be limited at many NJ sportsbooks but some books, like DraftKings and FanDuel, will offer extensive odds on all the games, plus futures. With the Opening Ceremonies taking place on Friday, Feb. 4, expect more markets to emerge. We will update this page as we learn more.
For now, here is a closer look at how to bet on the Winter Olympics in New Jersey. We will provide a breakdown of the sports, types of wagers and an explanation of the odds, curling included.
Best NJ Sportsbooks for Winter Olympics betting
Which events/sports can you bet on in NJ?
The New Jersey Division of Gaming Enforcement permits Winter Olympic wagering so NJ sportsbooks have the option of deciding what sports and events to offer customers.
DraftKings Sportsbook NJ tends to offer the biggest betting menu. You will find Winter Olympics odds for a number of sports. The list includes:
- Curling: men, women, mixed doubles
- Alpine skiing: women slalom, men downhill, slalom and Super G
PointsBet New Jersey has odds for these Winter Olympic events:
- Women’s biathlon
- Cross country skiing
- Freestyle skiing
- Ice hockey
FanDuel NJ Sportsbook is offering an extensive selection of Winter Olympics betting odds, as well:
- Ice hockey
- Alpine and freestyle skiing
How many gold medals will Team USA win in Beijing?
This was one of the first wagers to go live at NJ online sportsbooks. It’s similar to placing an over/under or total points wager on the Philadelphia Eagles.
DraftKings Sportsbook has set the Team USA over/under at 8.5 gold medals. Here is a look at the odds:
- Under -110
- Over -110
So bettors would need to bet $110 to win $100 on either side. This means if the Americans only win eight gold medals, under bettors would win. Those taking the over would need nine gold medals or more.
Team USA tends to win more golds in the Summer Games. Last summer they led all nations with 39 gold medals, edging the 38 won by China. Going further back to the 2018 Winter Olympics, U.S. athletes won a total of nine golds. Norway and Germany tied for the most (14) followed by Canada (11).
The line of 8.5 gold medals is right in line with the four most recent Winter Olympics as the Americans returned home with nine golds each time.
There may be an opportunity to line shop here as some books could set the over/under line at 9.5, which was the opening line at DraftKings.
At FanDuel Sportsbook, bettors can wager on which nation will win the most gold medals. Team USA is not the favorite. With odds of +1800 or 18-1 (bettor wins $18 for every $1 wagered), the potential payout is attractive but it would be considered a significant upset. Here is what the Winter Olympics most gold medals odds market looked like two days before the opening ceremonies:
- Norway: -370
- Germany: +750
- Russia OC: +1000
- Canada: +1500
- USA: +1800
What are the odds of Team USA winning the most medals?
Bettors can also bet on total medals (gold, silver and bronze). Like the gold medal count, this wager will settle once every Olympic medal event is contested.
Again, even with silver and bronze medals factored into the count, the Americans are once again considered a big underdog to produce a winning ticket. When it comes to the Winter Games, bettors who like backing the favorite, or chalk, would look at Norway, the favorite with odds of -470. Some would consider the betting line unplayable.
USA and Canada both have Winter Olympics 2022 most medals odds of +1800.
Olympic curling futures at NJ sportsbooks
Olympic curling futures are much like betting on the NBA championship winner or which team will win the Super Bowl, which happens to be taking place during the Winter Olympics. Just pick the nation or team you think will bring home the gold medal.
The good news is, unlike the NFL or NBA, the entire Winter Olympic men’s curling tournament takes place over the course of 11 days. Sportsbooks may post moneyline (team to win) odds for individual matchups. For now, we’ll take a closer look at the futures market.
A look at the odds set by sportsbooks gives us a good indication of which country has the best shot of winning the men’s curling gold.
Opening odds at PointsBet Sportsbook for Great Britan (+190), Canada (+200) and Sweden (+300) tell us that the book sees the race for the gold being extremely tight. Team USA, at +1000, falls more in the longshot category. The upside is if the Americans were to pull off the upset, the bet would pay much better than if the same $100 is put on the Canadians. At these odds, a winning $100 bet on USA would net a bettor $1,000. The same bet on Canada would return a net win of $200 if our northern neighbors take home the gold.
The odds may fluctuate once the tournament gets underway. It’s always a good idea to check multiple sportsbooks to find the best odds for any bet. Often, you can also get a great sign-up offer including a no-sweat first bet if you decide to try out a new sportsbook.
What are the odds of Team USA winning an alpine skiing medal?
Wondering in which sports the Red, White and Blue have the best shot of bringing home a Winter Olympics medal?
Well, the moneyline odds for individual events is a great way to analyze the field. If you look at the DraftKings odds for women’s slalom, for example, American Mikaela Shiffrin is +110 to win the gold (a $100 wager would return a $110 win on top of the original wager). Shiffrin has won two golds and one silver at previous Winter Olympic Games.
However, she has yet to medal in the slalom. Could 2022 be her year? Based on the odds, winning a gold, silver or bronze seem like a realistic possibility as there is a big gap between Shiffrin and Austria’s Katharina Liensberger (+1000). Another one to watch is Slovakian Petra Vlhova (-120), who is the favorite. Obviously, if Vlhova were to win the gold, the payout would be less (a bet of $120 would net $100).
Wagering on Winter Olympic athletes from New Jersey
For those wondering if the DGE permits betting on Winter Olympic athletes with Garden State ties, the answer is yes. The trick is knowing which Team USA members call NJ home.
Here is the list of 2022 Winter Olympic athletes with New Jersey ties:
- Hakeem Abdul-Saboor (East Orange) – Bobsled
- Charlie Volker (Fair Haven) – Bobsled
- Kenny Agostino (Morristown) – Men’s ice hockey
- Kelly Curtis (Princeton) – Skeleton
- Kimi Goetz (Flemington) – Long track speed skating
Hailey Kops, who is from West Orange, is competing in pairs figure skating for Israel.
Once the Winter Olympic Games get underway, be on the lookout for props and futures markets for these athletes and as well as well-known medal contenders like:
- Shaun White (halfpipe snowboarding)
- Mikaela Shiffrin (alpine skiing)
- Chris Mazdzer (luge)
- Alex Ferreira (freestyle skiing)
- Elena Meyers Taylor (bobsled)
- Mariah Bell (figure skating)
Why can’t I bet on NHL players at the Winter Olympics?
The 2021-22 NHL regular-season schedule originally included a break for the Winter Olympics. This would allow NHL players to represent their respective countries like the NBA does at the Summer Games.
However, the NHL later changed those plans and players will no longer be making the trip to Beijing. A number of regular-season games had to be canceled due to COVID and they will be made up while the Winter Olympics take place.
The scenario will take away some of the betting excitement when Team Canada plays Team USA in preliminary round action, but bettors should still have several options for betting the game. Look for moneyline odds, over/under totals and puckline betting options in addition to some props like team to score first goal and highest scoring period.
Can I parlay Super Bowl and Winter Olympic Games wagers?
Yes. This is the advantage of the winter Olympics taking place in February, the same month of the biggest American betting event of the year. Super Bowl LVI falls smack dab in the middle of the 2022 Winter Olympic Games. This sets the table for some potentially wacky parlay bets.
A parlay wager is a bet with two or more legs in which each needs to have a winning result in order for bettors to cash the ticket. These are high-risk, high-reward bets that could make for some interesting multi-event action. Here are a few potential Super Bowl/Winter Olympic parlay bets:
- Team USA men’s ice hockey team win over Germany and a Cincinnati Bengals win over the LA Rams
- First touchdown scorer with first hockey goal scorer
- Total goals in a women’s ice hockey match with Super Bowl over/under
- Color of Gatorade shower, length of the national anthem (over/under) and over/under on US gold medals
What are the New Jersey online sportsbook rules for Winter Olympics betting?
New Jersey sportsbooks are permitted to offer odds on any Winter Olympic sport. However, unlike college basketball and football where wagers are available on just about every game, there may be some sports that don’t appear.
Each individual NJ sportsbook will decide which sports to offer on the 2022 Winter Olympics betting menu. Then again, if biathlon makes the cut, there is a good chance wagers on just about every event will be offered.
It’s a good idea to check your NJ sportsbook of choice as the date of the specific competition you are looking to wager on gets closer.
Do NJ sportsbooks offer Winter Olympic promos?
More than likely, some NJ online sportsbooks will offer promos around the Winter Olympics. It’s a way to drum up interest for an international sporting event that takes place once every four years.
As far as specific promotions, the best idea is to check the sportsbooks during each day the Winter Olympics are taking place as the promo menus are constantly updated.
There could be daily odds boosts as well. For instance, the odds of Shiffrin winning a gold medal in an individual skiing event may be boosted from +110 to +175.
While the increased odds make the wager more attractive, it doesn’t guarantee an American win. Be sure to take a closer look at the entire field as the majority of the competitors are names NJ bettors most likely never heard before. If you can find a bet boost for an athlete you already wanted to bet on, the added value of the increased payout odds can be significant for your betting bankroll.
How can I watch the 2022 Winter Olympic Games?
NBC Sports and the NBC Universal family of networks will once again be broadcasting every Olympic event. The coverage will be spread across NBC, CNBC and USA. Additionally, the Peacock streaming service provides live coverage of every Winter Olympic Games event.
The more than 2,800 hours of coverage will be a Winter Olympic Games record.
What is the time difference between Atlantic City, NJ and Beijing, China?
One of the toughest adjustments with the Olympic Games, especially when watching a live event, is the time difference. Many competitions may take place overnight or very early in the morning when New Jerseyans are still sleeping. For instance, Beijing is 13 hours ahead of Atlantic City.
This means when Super Bowl LVI ends it will be morning in China. And here’s the bonus: NBC viewers will go from watching the Big Game to live Olympics coverage. Talk about a win-win for bettors.