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Canada's Top Rio 2016 Olympics Betting Odds at the Summer Games

By: Russell Potvin

canada's olympic betting odds in Rio 2016

Tues. Aug 16, 2016

The 2016 Olympic Summer Games hit their stride this past weekend, headlined by a thrilling race in the men's 100-meter final.

Of course, the world knows that Usain Bolt retained his title as the "World's Fastest Man", coming through as a -200 favorite. But the 100-meter finale also served as a coming-out party for Canadian sprinter Andre De Grasse, who battled for a bronze-medal finish against a very talented and experience field. After the race, Bolt had high praise for De Grasse by naming him the 'dark horse' of the race and likely to be 'the next one' in the race to be the fastest man on the planet.

De Grasse Bronze Medal Rio 2016 De Grasse, who's Rio 2016 Olympics betting odds were priced as a +2,000 long shot to win the 100-meter gold, gave Canada its 13th medal of Rio 2016 and was actually the first male Canadian athlete to grace the podium as the Summer Games roll into their final week - and he may not be done yet.

De Grasse is scheduled to compete in the men's 200 meter event Tuesday, once again facing Bolt and 100-meter silver medalist Justin Gatlin. Sportsbooks have the 21 year old from Scarborough, Ontario set at +1,800, behind Gatlin at +1,200 and Bolt as a lofty -1,200 favorite - which means a $100 bet on the Jamaican superstar will payout a little over $8. De Grasse is also headlining Team Canada's 4x100 relay squad, which is listed at +2,500 to win gold in that event Wednesday.

Canada De Grasse isn't the only Canadian medal contender in the final days of the 2016 Summer Games. The women's soccer team has advanced to the semifinals, facing a mighty challenge in Germany. Oddsmakers have listed the Canadian's Olympic betting odds +275 underdogs in the three-way market, with the Germans paying even money and a regulation time draw sitting at +240. Canada is priced at +500 to win gold in the women's football futures - a medal that eluded the team in the 2012 Summer Olympics when the team lost on a controversial penalty that resulted in the US team to force the Canadians to play (and win) the bronze medal.

Brooke Henderson Canadian GolferWomen's soccer and Men's track and field are not the only Olympic betting games that Canadians are digging into. Also on the radar of oddsmakers is Canadian golfer Brooke Henderson, who tees up for Round 1 on the Olympic course Wednesday. Henderson is currently third on the LPGA money list, winning $1,303,912 through her 21 events this year, including two tournament titles and 11 Top-10 finishes.

The 18 year old from Smith Falls, Ontario is set at +1,600 to win gold at Rio with her betting odds slightly behind favorites Lydia Ko (+275), Ariya Jutanugarn (+650), Stacy Lewis (+1,200), and Lexi Thompson (+1,200). Henderson is joined by fellow Team Canada member Alena Sharp (+8,000), who is nearly twice her age and has just one Top-10 performance this LPGA season.

Derek Drouin Gold MedalBack in athletics, Canadian high jumper Derek Drouin is vying for the gold in the men's high jump final Tuesday. Drouin, a bronze medalist in London 2012 and the 2015 World Champion, is tied for the second-overall favorite with betting odds at +200 in a very tight field, competing with Mutaz Essa Barshim (+175) of Qatar and Bohdan Bondarenko (+200) of the Ukraine.

Also in track and field, there's a very Canadian feel for the men's decathlon Wednesday. American and betting favorite Ashton Eaton (-1,000) is married to Canadian bronze medalist in the heptathlon Brianne Theisen-Eaton. He caught some flak from the U.S. media this past week for sporting a Team Canada hat while cheering on his wife.

Right behind Eaton on the Olympic betting board, but still priced as a long shot, is Canadian Damian Warner (+700). Warner won the silver at the 2015 World Championship and placed fifth in London in 2012. The next closest contenders on the board are Germans Arthur Abele (+1,200) and Rico Freimuth (+2,000) - so the Canadian betting odds makers see the decathlon as a two-horse race between Eaton and Warner.