Women's Olympic Basketball Odds & Favorites 2024: Team USA Favored to Claim Record 8th Straight Gold
Last Updated: August 2, 2024 1:02 PM EDT • 6 min 5 sec read.
Team USA faced its stiffest test yet in Thursday's 87-74 win over Belgium, but it remains the clear favorite across our best sports betting sites to win a record-setting eighth consecutive Olympics gold medal.
The Americans have won 57 consecutive games in this tournament, and they're -2000 by the latest women's Olympic basketball odds, implying a 95.24% chance they'll extend a gold medal streak that dates back to the 1996 Olympics in Atlanta.
This year's American team features four players from the Las Vegas Aces, the favorites by the WNBA championship odds, but it notably does not include rookie Caitlin Clark.
The 2024 Paris Olympics began last Sunday and will extend through the gold medal game on Sunday, Aug. 11, with France sitting behind Team USA after its own unbeaten start.
For more on the men's side, be sure to check out our 2024 Men's Olympic Basketball odds and favorites.
Women's Olympic Basketball Tournament odds, betting lines
(Odds from our best sports betting apps as of Aug. 2; all times displayed in Eastern Time)
Saturday, Aug. 3
Puerto Rico vs. China (5 AM)
- Point spread: China -9.5 (-108), Puerto Rico +9.5 (-112)
- Moneyline: China -395, Puerto Rico +310
- Total: Over 136 (-108), Under 136 (-112)
Spain vs. Serbia (7:30 AM)
- Point spread: Spain -3 (-115), Serbia +3 (-105)
- Moneyline: Spain -162, Serbia +136
- Total: Over 136 (-112), Under 136 (-108)
Sunday, Aug. 4
Belgium vs. Japan (5 AM)
- Point spread: Belgium -7.5 (-115), Japan +7.5 (-105)
- Moneyline: Belgium -298, Japan +240
- Total: Over 145 (-112), Under 145 (-108)
Nigeria vs. Canada (7:30 AM)
- Point spread: Canada -6 (-105), Nigeria +6 (-115)
- Moneyline: Canada -265, Nigeria +215
- Total: Over 132.5 (-112), Under 132.5 (-108)
USA vs. Germany (11:15 AM)
- Point spread: USA -19.5 (-110), Germany +19.5 (-110)
- Moneyline: USA -3200, Germany +1400
- Total: Over 160 (-110), Under 160 (-110)
France vs. Australia (3 PM)
- Point spread: France -6.5 (-105), Australia +6.5 (-115)
- Moneyline: France -270, Australia +220
- Total: Over 141 (-110), Under 141 (-110)
Olympic women's basketball odds
(Women's Olympic basketball odds from our best sportsbooks as of Aug. 2)
| Country | Odds |
|---|---|
| USA | -2000 |
| France | +1200 |
| Australia | +6000 |
| Spain | +6000 |
| Germany | +8000 |
| Serbia | +12000 |
| Canada | +40000 |
| Belgium | +40000 |
| Nigeria | +40000 |
| China | +50000 |
| Japan | +50000 |
| Puerto Rico | +50000 |
Olympic women's basketball favorites
USA (-2000)
When a team's odds represent a 95.24% chance of winning it all per our odds converter, it's hard to imagine betting on anyone else.
That's the case with Team USA, which currently boasts a 57-game win streak dating back to 1992 that includes seven consecutive gold medals since 1996. Few of those games have even been close as the Americans had outscored opponents by 29.3 points per game over the last seven Olympics.
This team already survived a minor scare with an 87-74 win over Belgium, which followed a commanding 102-76 win over Japan. A'ja Wilson and Breanna Stewart have been thoroughly dominant, and until a team can adequately slow those two, the Americans will be tough to beat.
Every single player on this roster has won a gold medal at the Olympics or World Cup.
Another win this year would give veteran Diana Taurasi her sixth gold, which would be the most by any basketball player in Olympic history, regardless of gender.
That will surely motivate this group to finish the job, as will the chance to break a tie with the U.S. men's team (1936-68) for the longest gold medal streak in any Olympic team sport.
Godspeed to anyone betting against Team USA.
Betting odds: -2000 | Implied probability: 95.24%
France (+1200)
I thought the French team had a shot to make some noise as the host country for this event. But wins over Canada and Nigeria - both by an identical 75-54 margin - certainly captured my attention and that of our best sportsbooks.
Gabby Williams (13 PPG) and Marine Johannes (11) have led the way in the scoring department, but France's defense has been exceptional, too, as we expected it might be. It'll be interesting to see if the French can keep it up in a potential showdown with the Americans.
Betting odds: +1200 | Implied probability: 7.69%
Australia (+6000)
After two straight Olympics without a medal, the Australians entered this year's competition ranked third in the FIBA world rankings. And they have the talent to make another run at the podium. However, they were upset by Nigeria in their opening game of the tournament and narrowly survived Canada on Thursday.
Still, Australia remains a threat to make noise. It hasn't medalled at the Olympics since securing bronze in 2012, but it finished third in the FIBA World Cup two years ago and placed second in the event in 2018. It also beat the Americans in an exhibition match ahead of Tokyo 2020, which is at least somewhat of a notch in the Opals' cap.
Lauren Jackson, who won three WNBA MVPs and two championships with the Seattle Storm, is making one final Olympics' run. She made the Paris 2024 roster which includes all 12 players from the team that won bronze at the FIBA World Cup two years ago.
That includes current Storm star Ezi Magbegor, who could have a sneaky impact on this tournament with her smooth scoring ability and disruptive length defensively. It would take a miracle for this team to win gold, but don't be surprised if the Australians turn things around and make a deep run.
Betting odds: +6000 | Implied probability: 1.64%
2024 Team USA basketball roster
| Player | WNBA team | Position |
|---|---|---|
| A'ja Wilson | Las Vegas Aces | C |
| Alyssa Thomas | Connecticut Sun | F |
| Breanna Stewart | New York Liberty | F |
| Brittney Griner | Phoenix Mercury | C |
| Chelsea Gray | Las Vegas Aces | G |
| Diana Taurasi | Phoenix Mercury | G |
| Jackie Young | Las Vegas Aces | G |
| Jewell Loyd | Seattle Storm | G |
| Kahleah Copper | Phoenix Mercury | F |
| Kelsey Plum | Las Vegas Aces | G |
| Napheesa Collier | Minnesota Lynx | F |
| Sabrina Ionescu | New York Liberty | G |
Will Caitlin Clark join Team USA roster?
The biggest question surrounding Team USA this summer isn't whether the Americans will win another gold medal. It's about who will help them do so.
Indiana Fever rookie Caitlin Clark was left off the initial 12-player roster for the Olympics when it was - a group that clearly emphasized prior experience on the international stage.
While USA Basketball doesn't officially name alternates, Clark and Connecticut Sun forward Brionna Jones would likely get the nod if a player is injured during the Olympics.
Clark was the only college player on Team USA's 14-player training camp roster in April, though she missed the final camp as her Iowa Hawkeyes advanced in the NCAA tournament. It's also hard to argue that she's one of the 12 best players in the available player pool for a team that's won seven straight gold medals.
That hasn't stopped fans and media members alike for decrying Team USA's decision to leave Clark off the roster, purely based on her popularity among women's basketball fans. Keep your eye on the current roster in case an untimely injury opens up a spot for Clark.
Team USA scoring leader odds
(Team USA scoring leader odds as of Aug. 2)
| Player | Odds |
|---|---|
| A'ja Wilson | -250 |
| Breanna Stewart | +200 |
| Sabrina Ionescu | +7000 |
| Kelsey Plum | +10000 |
| Brittney Griner | +10000 |
| Jewell Loyd | +15000 |
This is effectively a two-horse race between A'ja Wilson (23.5 PPG) and Breanna Stewart (24), who lead Team USA in scoring by a landslide after two games.
It's a bit surprising to see Stewart trailing Wilson by these odds even as she leads her team in scoring by an ever-slim margin, though clearly our best live betting sites see more upside in Wilson over the final few games of this tournament.
It's tough to imagine someone else jumping those two at this point. Brittney Griner (9 PPG), Sabrina Ionescu (8.5), and Kelsey Plum (6.5) have made a minor scoring impact, but they'd effectively need to average 40 points the rest of the way - or see Wilson and Stewart go down with injury - to even have a shot.
Women's Olympic basketball groups & odds
(Group Winner odds as of Aug. 2)
| Group A | Group B | Group C |
|---|---|---|
| Spain (-172) | France (-900) | USA (OFF) |
| Serbia (+134) | Australia (+520) | Belgium (OFF) |
| China (OFF) | Canada (OFF) | Japan (OFF) |
| Puerto Rico (OFF) | Nigeria (OFF) | Germany (OFF) |
Women's Olympic basketball schedule
- July 28 - Aug. 4: Group stage
- Aug. 7: Quarterfinals
- Aug. 9: Semifinals
- Aug. 11: Bronze and gold medal games
Women's Olympic basketball odds over time
Aug. 2: Through two games, Team USA is unsurprisingly the overwhelming favorite to win this tournament, as it was when group play began earlier in the week.
France is the only team within relative striking distance after its own impressive start, as every other team is dealing at 60/1 odds or worse entering the final game of the group stage. It seems like a foregone conclusion that the Americans will take home a record eighth consecutive gold medal on Aug. 11.
Past Olympic basketball results, medal history
| Olympics | Gold medal | Silver medal | Bronze medal |
|---|---|---|---|
| Tokyo 2020 | USA | Japan | France |
| Rio 2016 | USA | Spain | Serbia |
| London 2012 | USA | France | Australia |
| Beijing 2008 | USA | Australia | Russia |
| Athens 2004 | USA | Australia | Russia |
| Sydney 2000 | USA | Australia | Brazil |
| Atlanta 1996 | USA | Brazil | Australia |
| Barcelona 1992 | Unified Team | People's Republic of China | USA |
| Seoul 1988 | USA | Yugoslavia | Soviet Union |
| Los Angeles 1984 | USA | Republic of Korea | People's Republic of China |
| Moscow 1980 | Soviet Union | Bulgaria | Yugoslavia |
| Montreal 1976 | Soviet Union | USA | Bulgaria |
Women's Olympic Basketball Tournament FAQs
Who is the Women's Olympic Basketball Tournament favorite?
Team USA (-2000) is the overwhelming betting favorite to win the Women's Olympic Basketball Tournament in Paris, France. Those odds represent an implied win probability of 95.24% that the Americans will take home their eighth straight Olympic gold medal, which would set a record for any team sport.
Who won the women's Olympic basketball gold medal last time?
Team USA won the gold medal in the 2020 Tokyo Olympics, marking their seventh straight gold medal dating back to 1996. The Americans have won 55 consecutive games in Olympic play entering this summer with zero losses since 1992.
When will the women's Olympic Basketball Tournament be decided?
The 2024 Paris Olympics began on Friday and will extend through Sunday, Aug. 11. The women's basketball tournament will begin on Sunday, July 28, with the gold medal game set for Sunday, Aug. 11.
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