The Olympic athletes aren’t the only ones going for the gold in Rio.
For the first time since the 1998 Winter Games in Nagano, Japan, bettors in Las Vegas are allowed to wager legally on an Olympic competition.
RJ Bell of Pregame.com says much of that money will be spent on men’s basketball even though bookmakers give the Americans an almost 90 percent change of winning the gold medal.
So, you’d have to lay down $1,200 on the Americans to earn $100.
A $100 wager on the field nets you $800 if Kevin Durant and Carmelo Anthony don’t bring home the gold again.
Team USA is a 50-point favorite over China in Saturday’s opener.
The sport expected to bring in the second-most action is women’s soccer, where the Americans are plus-140 to win the gold and the field is minus-160.
Usain Bolt, Michael Phelps and Serena Williams are also drawing plenty of action as heavy favorites in their sports.
Bookmakers put the over-under on the American medal count at 43.5, followed by China at 35.5 and Great Britain at 18.5.
Republished with permission of the Associated Press.