General Olympic Rules
If an event is cancelled, all bets are void. If any event/match is postponed bets will stand providing the event is rescheduled to take place before the closing ceremony. This rule supersedes any of the individual sports’ postponement rules.
If a competitor or team does not start a race or tournament then bets placed on that competitor or team will be considered void and stakes will be refunded.
Olympic wagers on amateur athletes under the age of 18 are prohibited in New Jersey. If BetMGM accepts a prohibited wager in error, the wager will be void.
World Records and Olympic Records
All bets on Olympic Records or World Records for an individual event will be settled at the completion of each event. All bets on the cumulative number of Olympic Records or World Records will be settled at the end of the Olympic Games.
Final medal placings
All bets on the number of medals will be settled on the official medal table at the end of the Olympic Games. Any changes made by any governing body at a later date do not count for betting purposes.
All bets that relate to the final result of the event/tournament will be settled based on the official result published by the governing authority of the respective sport/league/event. This typically occurs shortly after the event ends. BetMGM reserves the right to correct settlement if the official result is changed within 24 hours after the end of the event by the respective governing body. BetMGM will not take into consideration any amendments or disqualifications that occur more than 24 hours after the event ends.
In the event of more than one medal being awarded for the same position, for example there is potential for 2 bronze medals in boxing, bets on both competitors awarded medals will be deemed winners.
Any medals won by a team/nation per competition count as one medal regardless of the number of team members.
Which country will win the most gold medals?
If two or more countries gain an equal number of gold medals, the number of silver medals will decide. If the number of medals is still equal, the number of bronze medals will decide.
Which country will win the most silver medals?
If two or more countries gain an equal number of silver medals, the number of gold medals will decide. If the number of medals is still equal, the number of bronze medals will decide.
Which country will win the most bronze medals?
If two or more countries gain an equal number of bronze medals, the number of gold medals will decide. If the number of medals is still equal, the number of silver medals will decide.
Head to Head betting
For markets relating to a full event, wagers are settled based on the final ranking from the official results. If there is no official final ranking, then the last successfully completed match/stage will be considered the final position. If competitors finish the event in the same position or their last successfully completed stage was the same, dead heat rules apply.
For markets involving a particular stage of a competition, all wagers are settled based on the official results at the end of that stage. If the competitors finish the stage in the same position, dead heat rules apply.
If one or more competitors do not start, all bets are void. If a competitor starts the competition but is subsequently disqualified or does not complete the competition, all bets on that competitor are settled as losing wagers. If all listed competitors start the competition but are subsequently disqualified or do not complete the competition then all bets are void.