Olympic betting: sports bets help to conduct Olympics

Olympic betting: sports bets help to conduct Olympics

Olympic Games, the world sporting event, are mostly held due to lotteries support. As far back as in ancient times in Greece, it was the audience rather than sportsmen that obtained the largest winnings by making successful bets.

Contemporary Olympics are also closely related with gambling entertainments providing work for bookmakers and lottery companies.

Olympic Games and betting

The most popular summer Games among sports betting lovers are football, boxing, basketball, swimming, track and field, and baseball. The most popular winter Games include ski and skating, hockey, curling, biathlon and bobsledding.

The player can bet on:

  • the winning of a certain sportsman or team;
  • the place taken by the Olympics participant;
  • the finalist/medal winner.

The last point – opportunity to bet on the medal standings – is the main feature of Olympic betting.

Olympics and lotteries

Lottery organizers also facilitate Olympic Games conducting: in this case, lottery tickets distribution is required to popularize sport.

The USSR has built the Olympiyskiy sports complex, Olympic village and the Sheremetyevo Airport due to money obtained by Sportloto before the 1980 Olympic Games.

Money obtained from lottery tickets sales in China has been invested in sport facilities building and reconstruction before the 2008 Olympic Games.

In Great Britain, National lottery revenues covered the third part of 2012 Olympics investments. Besides that, the national operator became the sponsor of over two hundreds of British sportsmen participated in the 2004 Olympic Games in Athens.

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