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10 Feb 2026 | Sportsbetting

Olympic Betting 2026 – Favourites, Odds, Golden Moments

We give you an overview of the 2026 Winter Games: biathlon, bobsleigh, curling & more – plus a medal check and a quick guide to the odds for your Olympic bets.

Olympic Betting 2026 – Favourites, Odds, Golden Moments

The 2026 Winter Games are set to be a daily spectacle. Beyond the thrill of the competitions, there's the adrenaline of Olympic betting—where every day unfolds with new dramas, shifting narratives, and those classic moments where the giants stumble and the underdogs steal the spotlight. From February 6th to 22nd, Italy will host the festivities, centered in Milan and Cortina d’Ampezzo, with additional events in Bormio, Livigno, Predazzo, Tesero, and Antholz. To top it all off, the legendary Arena di Verona will host the closing ceremony for a truly grand finale.2026 Winter Games are a real daily highlight. And not just for watching, but also for the thrill of betting around the Olympics: every day brings new decisions, new storylines and often exactly those moments when favourites falter and underdogs suddenly rise to the occasion. From 6 to 22 February 2026, the winter spectacle takes place in Italy, with Milan and Cortina d’Ampezzo as host cities, joined by venues such as Bormio, Livigno, Predazzo, Tesero and Antholz. And once everything is over, the Arena di Verona will provide the grand finale with the closing ceremony.

To help you stay on top of both the sporting action and your wagering strategy, we've put together some concise sport-specific insights and a quick-reference guide to the Olympic odds.

Olympic Games: Odds explained briefly

In the world of the Winter Olympics, odds act as an instant reality check; they tell you exactly who the heavy favorites are and which dark horses are starting to look tempting. However, because tiny details—like a sudden change in form, a revised start list, or a tweak in equipment—can shift the entire outcome, these numbers can fluctuate in the blink of an eye. Your betting tips are essentially snapshots of a moment; a few hours of unforeseen developments can completely flip a forecast on its head.

You can find real-time odds for every event directly at MERKUR BETS, giving you a clear view of all available betting markets for the Games. For those chasing better value, keep an eye on the odds boost section and the MERKUR BETS app, where we frequently offer enhanced promotions. Now, let's dive into the specific disciplines that will define 2026. Olympic bets . For anyone looking to get a little more value: in the odds boost section at MERKUR BETS and via the MERKUR BETS app , you’ll regularly find promotions with enhanced odds. And now let’s dive straight into the disciplines setting the pace in 2026.

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Biathlon: The Art of the Single Shot

Biathlon captures the essence of the Olympics: a grueling, high-speed chase on skis followed by the absolute stillness of the shooting range, where a single missed target can rewrite the leaderboard in seconds. The atmosphere in Antholz is perfect for this—intense, loud, and electric. On the men's side, keep a close watch on Éric Perrot, Sebastian Samuelsson, and Tommaso Giacomel. In the women's category, Lou Jeanmonnot is currently the one to beat, though Hanna Öberg is close behind. Germany is pinning its hopes on Franziska Preuß, and a clean shooting performance in the relay could easily lead to a podium finish.

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Bobsleigh: A Battle for Milliseconds

Bobsleigh is as much about meticulous planning as it is about raw speed. Success requires an explosive start, flawless precision, and a pilot who can navigate the curves with surgical accuracy. This is why Germany, backed by incredible squad depth and the legendary Francesco Friedrich, remains the team to beat. However, it's far from a one-nation show: Canada and Switzerland are formidable, and the US women's team, led by Kaillie Humphries, is a serious threat. Furthermore, the new track in Cortina has a unique personality that could easily disrupt the favorites, making your Olympic bets much more unpredictable.

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Curling: Quiet sport, loud twists

Curling is essentially chess played on ice. A perfectly placed draw or a slightly too-hard take-out can clear the house and shift the entire momentum of a match in an instant. Based on current form, Bruce Mouat (Scotland/Team GB) and Switzerland's Yannick Schwaller are standout contenders. Canada continues to be a traditional powerhouse and a constant medal threat, while Italy adds an extra layer of excitement as the hosts. If you're betting on curling, you'll quickly realize that the game is won through sheer patience and pinpoint precision.

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Ice hockey: Star power & knockout drama

Olympic ice hockey feels like a movie script: one inspired performance from a goalie or a single power-play goal can change the course of an entire tournament. The biggest game-changer for 2026 is the return of NHL players, ensuring we see a true \"best-on-best\" clash. While the USA, Canada, Sweden, Czechia, and Finland remain the heavyweights, Germany has evolved beyond the \"outsider\" label. With stars like Leon Draisaitl, Moritz Seider, and JJ Peterka, the German squad has the firepower to create real upsets. Key factors to watch include goaltending consistency and special teams play—single moments that will decide both the gold medals and your bets.

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Quick Guide: Which Olympic bets are the most popular?

While the standard single bet is always a go-to, several other markets gain huge popularity during the Games. Over/under bets are a staple—whether it's predicting the number of goals in hockey or other measurable stats. Head-to-head matchups, where you pick a winner between two specific athletes or teams, are also highly favored. Because the Olympics are so volatile, live betting is incredibly popular, allowing you to react instantly as momentum shifts or pressure mounts.

Then there are the 'storyline' bets: accumulators are perfect for those who want to combine several predictions into one big win, while system bets offer a safer alternative, allowing you to remain profitable even if one or two of your tips don't pan out.

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Figure Skating: Precision, Rhythm, and Nerves

In figure skating, it's all about the flow—one tiny stumble can ripple through an entire routine. It's a sport defined by technical mastery, courage, and mental toughness on the day. In Milan, the action will unfold at the Unipol Forum in Assago, a massive stage that brings massive pressure. This season, the USA's Ilia Malinin is the man to watch; with two world titles and a nearly flawless technical repertoire, he's the clear favorite for the men's singles. In the pairs event, Hase and Volodin enter as the reigning German European champions with strong medal aspirations. Meanwhile, in speed skating, the Netherlands continue to set a standard that the rest of the world struggles to match.

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Luge: Explosive Starts and High-Speed Lines

Expect the traditional powerhouses to dominate the ice track once again, with Germany and Austria leading the charge for medals. Felix Loch remains the center of attention for the men, while Austria's Jonas Müller is a dangerous contender capable of an Olympic upset. Julia Taubitz is a top pick for the women's events, and the duo of Tobias Wendl and Tobias Arlt are essential names for any luge betting slip. However, luge is unforgiving: one slightly off start or a poor line choice is all it takes to knock a favorite off the podium.

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Alpine Skiing: The Thrill of Stelvio and Tofane

The men's races at the Stelvio in Bormio are known for being brutally fast—an aggressive, high-stakes environment where there's zero room for error. For the women, the Tofane slope in Cortina provides a stunning and prestigious backdrop. A new addition for 2026 is the team combined format, which blends speed and technical skills for added drama. Austria, Switzerland, and Germany are the primary contenders, with Marco Odermatt standing out as the dominant force and gold-medal favorite. Pro tip: always check the latest start lists and training reports before betting, as weather and ice conditions can change the outcome in an instant.

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Predicting the Medal Table: The Big Picture Strategy

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When the Games conclude, the medal table tells the ultimate story. This makes betting on overall standings very popular, as you're backing a country's entire athletic depth rather than a single performance. Traditionally, versatile nations lead the way: Norway is the gold standard, Germany excels in biathlon and sliding sports, and the USA and Canada dominate hockey and speed events. Meanwhile, Austria and Switzerland are almost guaranteed to challenge for alpine gold.

Beyond the obvious favorites, the Olympics always produce 'dark horses'—the rising stars or underestimated teams that catch everyone by surprise. Slovenia could potentially shake things up in alpine skiing, while South Korea often surprises in short track. And you can never count out the Netherlands on the ice; they might win fewer medals overall, but they often secure the most decisive gold ones, putting the larger nations under immense pressure.

A single early gold medal can shift the entire energy of the medal table. That's why tracking odds and form curves is so rewarding—the blend of predictable dominance and shocking plot twists is what makes Olympic betting so addictive. The stage is set, the overview is ready; now we just wait for the drama to begin.

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FAQ about the Olympics and betting

How can I stream the 2026 Winter Olympics for my live bets?

In Germany, ARD and ZDF will provide extensive live coverage on alternating days, available both on TV and via their media libraries. Eurosport will also be broadcasting the events. The exact schedule may vary depending on the day. To stay organized, the Olympic section at MERKUR BETS lists all upcoming events and their current odds, making it easy to track schedules and competitions in one place.

Is it better to bet on individual events or overall medal counts?

Both have their own charm. Single event bets are about the 'immediate moment'—one race, one winner, one decision. Medal table bets, on the other hand, are a long-term play on a nation's overall strength across the entire Games. Because of this strategic depth, many bettors find the medal table more intriguing.

Why do Olympic odds fluctuate so rapidly?

The Olympics are incredibly sensitive to news. A change in the start list, a sudden dip in form, a technical equipment failure, or a surprising result in a group stage can instantly shift expectations. The odds usually react to this information first, which is why a final check right before placing your bet is highly recommended.

What's the difference between favorites and outsiders in Olympic betting, and how does that affect the odds?

Favorites are the athletes or teams who, based on their current season, past achievements, and overall depth, are the most likely to win. Because the risk for the bookmaker is lower, these picks come with lower odds. Outsiders, conversely, are the long shots—less likely to win, but offering much higher payouts if they pull off an upset.

Conversely, underdogs often carry higher odds since they aren't the expected winners. This makes them especially thrilling to follow during the Olympics; because the competition often comes down to a single day, a few variables like bad weather, equipment failure, a tough draw, or the sudden pressure of a knockout round can shake the favorites and give an underdog a genuine shot at glory.

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