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Olympic Basketball Odds: Can USA Win Double Gold?

Damian Lillard and Team USA are favored in Olympic basketball odds for the Tokyo 2020 Olympics.

One of the most popular sports in the Olympic Summer Games, basketball has reached the final stages for both the men and women.

Both tournaments have been filled with the drama and intrigue requisite of a high-profile Olympic event, but when it comes to picking winners in Olympic basketball odds, one nation stands tall above the rest.

The United States has won six gold medals in a row and eight of the last nine in women’s basketball, while the men have won gold in 15 of the 19 Olympics with basketball as an event, including each of the last three and six of the last seven.

Online sportsbook BetUS has released updated Olympic basketball odds for the Tokyo 2020 Games and the U.S. is the heavy favorite to close out the tournament on both the men’s and women’s side.

Check out the table below for the latest Olympic basketball odds and read below to find out the best bets and values as well as some other basketball betting news and Olympic basketball props.

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

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Olympic Basketball Odds: Who Will Win Gold In Men’s Basketball?

Odds to win Gold in men’s basketball
CountryOdds
USA-1000
France+600

Odds as of August 6 at BetUS

Opening the Olympics with a starting lineup of Damian Lillard, Zach LaVine, Draymond Green, Kevin Durant and Bam Adebayo, Team USA put together a roster that simply cannot be matched in terms of talent in this event.

And while Bradley Beal did not go to Tokyo due to health and safety protocols related to COVID-19, the American depth players (Jayson Tatum, Devin Booker, Jerami Grant, Jrue Holiday, Khris Middleton) would pretty much all be starters on the other participating teams.

France (+600)

One of the more intriguing rosters in the event, France has the reigning NBA Defensive Player of the Year in Jazz center Rudy Gobert as well as several other NBA players including Nicolas Batum (Clippers), Evan Fournier (Knicks), Timothe Luwawu-Cabarrot (Nets) and Frank Ntilikina (Knicks). France won the bronze medal at the 2019 FIBA Basketball World Cup.

The team pulled off the upset win over Slovenia in the semifinal with a nail-biting 90-89 victory. France’s win was in large part due to a fantastic defensive performance as they held NBA superstar Luka Doncic to just 16 points. France’s Nando de Colo led all players with 25 points.

Best Bet: USA (-1000)

Sure, you’re getting plenty of value to bet on France, but it would be a huge upset if the U.S. were to lose the gold medal at this point. The team is simply too stacked, and they have jelled as the tournament has progressed. 

In the quarterfinal, Durant was 4-for-7 from beyond the arc and put up 27 total points in a win over a very good Spanish team. He would go on to lead the semifinal game vs Australia with a game-high 23 points. Look for Durant to continue his scoring ways in the gold-medal game.

Olympic Basketball Odds: Who Will Win Gold In Women’s Basketball?

Odds to win Gold in women’s basketball
CountryOdds
USA-3335
Japan+750

Odds as of August 6 at Bet99    

Best Bet: USA (-3335)

Stacked with some of the best women’s basketball players on the planet, the U.S. is a virtual lock for its seventh consecutive gold medal at the Olympic Summer Games.

After getting past Australia, USA’s odds went from -650 in the quarterfinals to -1600 to win gold. 

Diana Taurasi and Sue Bird will become the first players ever to win five Olympic gold medals in basketball if their team finishes atop the podium. The likes of Sylvia Fowles, Brittney Griner, Breanna Stewart, Tina Charles and 2020 WNBA MVP A’ja Wilson lead the star-studded roster.

And while Japan put together a quality tournament, the U.S. losing the women’s gold medal would be an even bigger upset than the men losing.

This team and program is so dominant it would be silly to bet on any other team to win outright in Olympic basketball odds – even if you aren’t going to make any money on the bet.

Odds for the women's final are available over at Bet99.

Olympic Basketball Odds: Who Will Win Bronze In Men’s Basketball?

Other Olympic Basketball Odds Props 

Who will win bronze?
CountryOdds
Australia+120
Slovenia-150

Odds as of August 6 at Bovada

Slovenia's loss was a heartbreaker to France with Doncic's poor performance ending the team's hopes at silver or an upset gold.

Look for Doncic to respond and capture the bronze for Slovenia.

Olympic Basketball Odds: Who Will Win Bronze In Women’s Basketball?

Who will win bronze?
CountryOdds
France-125
Serbia-105

Odds as of August 6 at Bovada

France and Serbia face off to decide who will win the bronze medal in women's basketball.

While Serbia predictably did not put up much of a fight against the US in the semis, the French lost a bit of a stunner against Japan in a game they were favored in. We like Serbia with the more attractive odds.