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Everything you should know about athletics betting

Written by 
Published in Athletics
Thursday, 30 May 2024 22:29
AW promotion: Athletics covers a wide range of sports disciplines and offers several betting opportunities. This guide covers everything a beginner needs to know about betting on athletics

A Beginners Guide to Betting on Athletics

Athletics is one of the oldest sports in the world, having existed since the dawn of the Ancient Olympic Games. While its not as popular as mainstream sports, athletics betting is commonplace in the gambling industry. However, athletics is a giant field of sports covering many disciplines. Therefore, many bettors, especially beginners, find it daunting.

Therefore, this guide explores everything you should know about athletics betting. Lets dive right in!

Athletics Sports and Betting

Athletics is an umbrella term for a group of exciting sports that involve running, jumping, throwing, and walking. It is one of the oldest forms of sports, dating back to the Ancient Olympic Games when organized athletics first started around 776 BC.

Today, the World Athletics, the sports governing body, defines it into six disciplines: track and field, road running, cross country running, race walking, mountain running, and train running. These disciplines consist of over two dozen different events.

Athletics has a long tradition with the sports betting industry. And while its less popular than other sports today, it has a massive betting market and offers several opportunities to bettors. You can read more here about platforms with the best odds for athletics betting.

Major Competitions & Events in Athletics

Athletics has major and minor tournaments and competitions taking place worldwide, attracting the attention of fans and bettors alike. The quadrennial Olympic Games is undoubtedly the pinnacle of Athletic events. But there are many other championships and competitions in the world of athletics. Some of the most prominent ones that attract attention in the sports betting scene include:

  • Olympics Games
  • World Athletics Championships
  • Diamond League
  • World Athletics Indoor Tour
  • Commonwealth Games

Athletic Betting Options

Like any other sport, athletics has several betting markets from which bettors can choose. However, since it doesnt get much attention in the betting industry, the bet types available are not as extensive as mainstream sports. But theres usually a lot of action during the most significant athletics events.

While there are different disciplines in athletics, the betting markets offered on these sports are usually based on the same principles. Lets check out some of the most common markets available.

Event Winner Bets

This is the most common and most straightforward type of bet you will find during any athletics event. As the name suggests, it involves wagering an athlete to win their event. Sometimes, you may find each-way betting opportunities, which cover more bases for a wager.

Qualification Bets

Most major athletics events and competitions usually have a series of qualification rounds where athletes will compete to earn a place in the main event. Sports betting sites offer markets where you can bet on these qualification races. Here, you can wager on one or more athletes to qualify for the next round.

To Win a Medal Bets

One of the hallmarks of major athletics competitions like the Olympics is medals (Gold, Silver, and Bronze for the top three). So, bookmakers often offer markets that allow bettors to wager on which athletes will win medals during the competitions. Its a pretty straightforward bet, and it doesnt matter what type of medal the athlete receives as long as they get one.

In major tournaments like the Olympics, bookmakers also offer the opportunity to bet on a specific country to win a medal rather than the individual athletes.

World Records Bets

World records are a big deal in the world of athletics for both athletes and fans alike. Though it doesnt happen often, world records are always up for grabs. So, sportsbooks also offer odds in this category. Here, you can bet on whether a new world record will be recorded during a given event. You can also bet on a specific athlete to etch their name in the annals of history by breaking a world record during their event. Some bookmakers also allow bettors to wager on an individual athlete to set a personal best during an event.

Bonuses and Promotions in Athletics Betting 

One of the best parts of online sports betting today is bookmakers bonuses and promotional offers. Any good athletic betting site will offer incentives to its players to encourage loyalty. The welcome bonus is the most popular among these, which usually comes in the form of free bets or a deposit match bonus. Other popular offers include cashback, odds boosts, free bets, and other bonuses. These bonus offers can be a great way to get extra value when betting on athletics.

Tips for Athletics Betting

Like any sports betting, athletics wagering goes beyond relying on luck. You must apply certain strategies to improve your winning chances when you bet on these events. Below are a few tips:

  • Understand how odds work before betting
  • Make sure to only bet on reputable sportsbooks
  • Compare available odds to find the best prices
  • Always research to make more informed betting decisions
  • Keep your emotions in check when you bet
  • Practice proper bankroll management

Conclusion

Although athletics is not the most popular option amongst punters nowadays, it still garners a lot of betting action. Several different athletics games take place regularly, from the Summer and Winter Olympics to the Diamond League and many others. Each of these events covers several disciplines, allowing you to explore countless betting opportunities. 

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