Milan-Cortina 2026: Olympic Gold Medal Odds

With the 2026 Milan–Cortina Winter Olympics approaching, set to take place over two weeks from February 4 to 22, the race for the top of the medal table is already taking shape. Norway once again enters as the-170 favorite thanks to its usual dominance in Nordic events. Germany (+470), with its success in sliding sports, and the USA (+500), with stars in multiple categories, round out the top of the board.

milan-cortina 2026: Winter Olympic Gold Medal Betting

Odds as of January 28, 2026

Norway is still the safest pick to lead the gold medal table. They finished with the most total medals in the last two Winter Olympics, taking home 37 total medals and games-best 16 gold medals in Beijing 2022. Cross-country skiing and biathlon, the one where they ski and then shoot a rifle, alone give them a massive edge. With plenty of Nordic events, Norway should be able to continue the trend of piling up medals. 

Germany is the biggest challenger, and it all starts on the track. Luge, bobsleigh, and skeleton are their bread and butter. The German are the most successful in Olympic luge, collecting 48 total medals. In Beijing, they made history by taking home nine of the 10 possible gold medals across the three sliding categories.

The USA is built differently. There's stars in alpine skiing, figure skating, snowboarding, speed skating and hockey. But, they don't have as many events where they can make podium over and over. They may have one of the highest ceilings, but winning the overall gold medal count might need a few unexpected finishes.

milan-cortina 2026: Winter Olympic most Medal Betting

Odds as of January 28, 2026

last winter olympic medal count

Norway has earned the most medals at the last two Winter Olympics, tallying 76 total medals in that span. Only three countries have eclipsed double-digit gold medals in the last two Games; Norway (2018, 2022), Germany (2018, 2022) and Canada (2018).