Our Top Sportsbooks

Olympic Baseball Odds: Japan Favored

Tokyo 2020 Olympic baseball odds are here!

For the first time since 2008, baseball is at the Summer Olympic Games. Based at Yokohama Stadium, the 2021 men’s baseball and women’s softball have begun play at Tokyo 2020.

With Major League Baseball players participating in the current MLB season, most rosters are made up of minor leaguers, former professional players or players playing outside of MLB-affiliated baseball.

The competing nations are now deep into the double-elimination bracket that will produce the Tokyo 2020 baseball medalists. Israel and Mexico have both been eliminated, leaving four competing nations. South Korea and Japan sit a win away from a spot in the gold-medal game (August 7, 6 a.m.) while the Dominican Republic and USA begin losers bracket play tonight.

Online sportsbook BetOnline has updated Tokyo 2020 Olympic baseball odds and host Japan is still the gold-medal favorite.

Check below for the latest Olympic baseball odds and find out our best bets and values for the medalists.

How to bet on the Olympics | Odds for most gold medals | Odds for most medals

See Odds Shark’s Best Betting Sites

Olympic Baseball Odds: Who will win gold?

Odds to win Gold in men’s baseball
South Korea+550
Dominican Republic+1100

Odds as of August 3 at BetOnline

Without a gold medal in event history, the home Japanese are Olympic baseball odds favorites at Tokyo 2020. In the five-event history of Olympic baseball from 1992 to 2008, the United States has won gold once, South Korea once and Cuba three times.

The Dominican Republic is looking for its first medal in Olympic baseball history. 

Olympic Baseball Odds Best Bet

Japan (-200, Opened at +115)

Japan has recently dominated these international baseball events. They went into the Tokyo Olympics as the highest-ranked WBSC men’s baseball team in the world, ahead of all the other Tokyo 2020 participants. The most well-known player to American audiences is former New York Yankees starter Masahiro Tanaka, but much of their roster is made up of stars from Japan’s Nippon Professional Baseball, one of the premier baseball leagues outside of the U.S.

Ryoya Kurihara, last year’s NPB Finals MVP, and Munetaka Murakami, the league’s home run leader, are two of Japan’s star hitters. Winning their opening game 4-3 over the DR, the Japanese only solidified their place as gold-medal favorites.

They sit a win away from the gold-medal game (alongside South Korea) but even a loss will allow them to play through the double-elimination losers bracket to win a spot back against the winner of the Dominican Republic vs USA.

Olympic Baseball Odds Value Pick

USA (+250, Opened at +300)

The United States actually opened with the third-best odds to win an Olympic baseball gold, behind South Korea and Japan, but the Americans have since jumped into second. In events like these, the well-known American players can often be overvalued, but with a roster mixed with proven players and hungry prospects, the USA should compete for gold in Tokyo.

Top prospects Simeon Woods Richardson of the Twins and Triston Casas of the Red Sox feature on the roster alongside longtime MLB veterans like Todd Frazier, Scott Kazmir, Edwin Jackson and David Robertson.

The United States must beat the Dominican Republic, and the loser of South Korea/Japan, to earn a spot in the gold-medal game.

See Odds Shark’s Best Betting Sites

Olympic Baseball Odds Long Shots

Dominican Republic (+1600, Opened at +1000)

Having never medaled in Olympic baseball before, the Dominican Republic will be looking to secure a place on the podium despite long odds. Though the Dominicans have plenty of talent at the major league level and are one of the top WBSC ranked countries in the world, they also are relying on future stars and past-their-prime veterans. Former Blue Jays slugger Jose Bautista headlines the squad alongside top prospect Julio Rodriguez of the Seattle Mariners. 

If the Dominicans are to make a run, it will be their lineup that carries them with former MLB hitters Juan Francisco, Melky Cabrera and Emilio Bonifacio joining Bautista.

The DR showed they can compete in this year’s Olympic event, eliminating Israel in the first game of the losers bracket, but they must win out in order to reach the gold-medal game.