Bet on Olympics 2024 with bitcoin & crypto at Cloudbet

Olympics 2024, officially known as the Games of the XXXIII Olympiad, will be held in Paris, France. This will mark the third time Paris has hosted the Summer Olympics, having previously done so in 1900 and 1924. The Paris 2024 Olympics will celebrate the centenary of the city’s hosting of the 1924 Games, bringing a historic touch to the event.

Background and history to Olympics 2024

The journey to Paris 2024 began in 2015 when the city announced its bid, eventually being named host in 2017. The French capital was initially competing against Los Angeles, Budapest, Hamburg, and Rome before the other European cities pulled out, leaving Paris to contest the outcome with Los Angeles.

The International Olympic Committee (IOC) subsequently announced that it would award hosting of the 2024 and 2028 Games to each city, provided the cities’ leaders could decide who would go first. Paris won the 2024 Games after its American rival withdrew, settling for the 2028 edition.

The 2024 Summer Olympics will take place from July 26 to August 11, featuring over 10,000 athletes from 206 countries around the world. They will compete in 45 sports, including additions like surfing, skateboarding, breaking and sport climbing. Breaking, or break dancing, will make its debut as an Olympic sport in Paris.

Paris aims to deliver an inclusive and environmentally responsible Olympic Games, with a significant focus on reducing carbon emissions and promoting urban development. French organizers have pledged to halve the event’s carbon footprint compared to the average of previous summer Olympics.

As anticipation builds for the Olympic Games 2024, sports enthusiasts and bettors alike are gearing up for a unique experience. With the Cloudbet sportsbook, you can bet on your favorite events using bitcoin and other cryptocurrencies, adding a layer of excitement to your Paris Olympics wagers.

Which countries are the medal favorites for the Paris Olympics?

At the Tokyo 2020 Olympics, the USA topped the medal table with 113 medals, excelling in sports like swimming, athletics, and gymnastics. China followed closely with 89 medals, dominating in sports such as diving, weightlifting, and table tennis.

The following countries are the five favorites to top the 2024 Paris Olympics medal tally, according to Cloudbet:

USA: The USA is expected to continue its dominance in swimming and athletics. Their gymnastics and basketball teams are also strong contenders for multiple medals.
China: China is likely to lead in diving and table tennis again. Weightlifting and gymnastics are other areas where they have a strong chance of winning gold.
Great Britain: Great Britain’s cycling and rowing teams are among the best in the world. They are also strong in athletics and swimming, making them a top contender.
Japan: As the host of the last Olympics, Japan excelled in judo and wrestling. They are also expected to perform well in gymnastics and skateboarding.
France: As the host nation, France has high hopes, particularly in judo and handball. They are also strong in fencing and cycling, where they aim to secure multiple medals.

These countries are the ones to watch at the Paris 2024 Olympics, and you can bet on their success with bitcoin and other cryptocurrencies at Cloudbet.

What 2024 summer Olympics sports can you bet on with bitcoin?

The 2024 Summer Olympics in Paris will feature a wide array of sports, offering numerous opportunities for crypto betting enthusiasts. At Cloudbet, you can place bets on a variety of events using virtual and fiat currencies. Here are some of the key sports you can bet on:

Soccer: Hosts France were handed a kind draw for the group stages of the men’s competition, hopefully ensuring they won’t meet powerhouses Argentina until the final rounds of the tournament. In the women's draw, four-time winners USA has been given a tough group with Germany and Australia.
Tennis: The men’s and women’s competitions promise plenty of excitement with the world’s top players emerging straight out of Wimbledon across the English Channel to contest the Olympics. Germany’s Alexander Zverev was the men’s champion in 2020, while Switzerland’s Belinda Bencic snared gold in the women’s draw.
Basketball: Olympic basketball features top talent from around the world, including NBA stars. Bet on game outcomes, point spreads, and tournament winners. The USA has historically been strong in basketball, but other nations are increasingly competitive.

These are among the sports you can bet on at Cloudbet with crypto. Other major sports like athletics, swimming and gymnastics among others should provide more thrilling betting opportunities at the Paris 2024 Olympics.

How to bet on the Olympics 2024 with bitcoin

Betting with crypto is easy at Cloudbet, especially when we offer the most competitive odds among top sportsbooks. Bet on the Paris Olympics in 2024 with Bitcoin, Ethereum, Dogecoin and more, along with stablecoins like USDT and USDC.

Just follow these steps:

Sign into your Cloudbet account and fund your wallet with BTC (or any of the 30+ cryptocurrencies we support on the platform.)
Head over to our ‘Sports’ page: The page covers ongoing and upcoming sports events in various countries. Find the Olympics section.
Research teams, athletes, trends, and available bet types before placing a bet. Cloudbet also offers insights on bets placed on select games from the sidebar of your chosen Olympics 2024 event.
Place your bitcoin bets and watch the action unfold!

Why bet on the Olympics with bitcoin and crypto?

There are many reasons why sports fans should bet on the Paris 2024 Olympics with bitcoin and crypto at Cloudbet:

Privacy and security: Betting on the Olympics with bitcoin and crypto offers enhanced privacy and security. Cryptocurrency transactions provide a layer of anonymity, allowing users to enjoy their betting activities without sharing sensitive personal information.
Fast and efficient transactions: Cryptocurrencies offer fast and efficient transaction processing. Deposits and withdrawals can be completed on Cloudbet within minutes, allowing Olympics fans to quickly fund their accounts or collect their winnings.
Transparency: Crypto users can see where their funds go on blockchain networks.
Global accessibility: Bitcoin betting at Cloudbet opens up betting opportunities to a global audience. Regardless of geographical location, sports fans can easily access Cloudbet's platform and place bets on their favorite teams and players. The decentralized nature of cryptocurrencies removes barriers, making it convenient for fans from all over the world to participate in Paris Olympics betting.
Competitive odds and betting options: Cloudbet offers competitive odds and a wide range of betting options for the 2024 Olympic games. You'll find a variety of markets to choose from. Cloudbet's comprehensive sportsbook ensures that sports fans have ample opportunities to place their desired bets and maximize their potential returns.
24/7 access: The bitcoin network never sleeps, so you can bet anytime. Plus, Cloudbet offers 24/7 multilingual support through Live Chat.

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Conclusion

Betting on the Paris 2024 Olympics with cryptocurrencies at Cloudbet Sportsbook offers a thrilling experience. From top medal contenders to a wide variety of sports, Cloudbet provides secure and exciting betting options. Join us and make the most of the 2024 Summer Olympics.