2024 Olympic soccer odds: USWNT, Spain co-favorites to win gold

The 2024 Summer Olympics are here, and bettors are enthusiastic about backing their favorite women's soccer teams.

The USWNT's odds shortened to +185 from +220 after defeating Germany 4-1 over the weekend.

Spain also won its second match against Nigeria 1-0, but its odds lengthened slightly to +185 from +160.

Now the U.S. and Spain are tied at the top of the oddsboard as co-favorites to win gold in Paris.

On the American side, Emma Hayes was named Team USA's new coach back in November. In one of her first major decisions, she selected an 18-player roster, which excluded longtime veteran Alex Morgan.

While co-favorite Spain goes for gold, it's also worth noting that August will mark the one-year anniversary of the country's World Cup victory.

Can it strike Paris-gold in 2024 like it did in Australia in 2023?

Let's dive into the odds via DraftKings Sportsbook.

WOMEN'S OLYMPIC SOCCER WINNER: *

USA: +185 (bet $10 to win $28.50 total)
Spain: +185 (bet $10 to win $28.50 total)
France: +500 (bet $10 to win $60 total)
Japan: +1200 (bet $10 to win $130 total)
Germany: +1200 (bet $10 to win $130 total)
Colombia: +1600 (bet $10 to win $170 total)
Brazil: +2000 (bet $10 to win $210 total)
Australia: +2000 (bet $10 to win $210 total)
Canada: +3000 (bet $10 to win $310 total)
Nigeria: +10000 (bet $10 to win $1,010 total)
New Zealand: +20000 (bet $10 to win $2,010 total)
Zambia: +25000 (bet $10 to win $2,510 total)

* odds as of 7/29/24

FOX Sports soccer analyst Laken Litman wrote about Hayes and the USWNT as they prepared for Paris .

"This will be a massive opportunity for Hayes, coaching in her first major tournament as the USWNT's head coach," Litman noted. "In her selection, she included eight players from the 2021 Olympics team, 10 from last summer's World Cup squad, as well as four who have never represented the U.S. in a major tournament."

Litman also explained that Hayes is "ushering in a youth movement," as the USWNT's average is 26.8 (30.8 was the average age of the Olympic squad that competed in Tokyo in 2021).

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