Team USA remains favorite as gold medal odds lengthen

Team USA will take the court Wednesday for the second time at the Tokyo Olympics when it plays Iran in the second game of its Group A play.

While Team USA is an overwhelming favorite to ease by Iran, France put a significant chink in the team’s armor with its upset victory on Sunday.



Team USA began the Olympics as the -1000 favorites by PointsBet to claim the men’s basketball gold medal. Those odds have now lengthened to -250 at PointsBet and Team USA is being offered at -220 by DraftKings.

Jayson Tatum, Timothe Luwawu Kongbo
Kyle Terada-USA TODAY Network

The next-shortest gold medal odds belong to Australia, which is now being offered at +800 by PointsBet after opening at +1000. Australia’s odds are shorter at +625 by DraftKings.

France and Spain have each seen their odds shorten to +900 at both sportsbooks, with Luka Doncic and Slovenia now the third betting favorite at +850 at DraftKings.

Gold Medal Winner Price Adjustments (PointsBet):

USA

  • Opening odds = -1000
  • Current odds = -250

Australia

  • Opening odds = +1000
  • Current odds = +800

France

  • Opening odds = +2000
  • Current odds = +900

Italy

  • Opening odds = +5000
  • Current odds = +2500

Nigeria

  • Opening odds = +15000
  • Current odds = +5000

Spain

  • Opening odds = +1400
  • Current odds = +900

Slovenia

  • Opening odds = +2500
  • Current odds = +1000

Team USA being backed by 83 percent of the bets and 96 percent of the money at -9000 to beat Iran (0-1) on Wednesday. As a 42-point underdog, however, Iran’s spread line is being backed by 58 percent of the bets.

Team USA’s third Group A game will be Saturday against the Czech Republic (1-0), which is a 9.5-point underdog ahead of its game against France on Wednesday.

–Field Level Media (@FieldLevelMedia)