2026 Winter Olympics: Most Gold Medals Odds & Expert Pick

The 2026 Winter Olympics in Milan and Cortina are in full swing.

By the end of the games, 116 gold medals will be handed out, which is more than any other Winter Olympics in the history of the event. While all of the participating athletes are hoping to have gold around their necks, there is also the pride that comes with helping your country win more gold medals than any other country.

Let’s dive into the odds for 2026 Winter Olympics most gold medals won.

2026 Winter Olympics Most Gold Medal Odds

You can find the latest odds on the most gold medals at FanDuel Sportsbook. New FanDuel users can sign up for an account and get $100 worth of bonus bets if their first bet of $5 or more wins.

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Winter Olympics Gold Medals - My Pick

USA (+850) at FanDuel Sportsbook

During the early part of the Winter Olympics, Norway has shown why it’s typically the best performer at the winter games. The Norwegians took home the most gold medals in 2014 and 2022, while tying Germany for the most gold in 2022. However, the Americans have proven to be the top contender for Norway, as opposed to the likes of Germany and Canada.

The key for the USA will be team events like hockey that have longer tournaments, so the medals aren’t awarded until late in the Olympics. One thing that always favors the Americans at the Olympics is strength in numbers. This gives them an edge in team events, meaning they have a chance to snag a lot of gold late in the Olympics.

Thus far, the USA has stayed close to leaders Norway in the gold medal count, so with a few surprises and some team victories late in the games, the Americans are a sleeper pick to capture the most gold medals.

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How to Bet on Winter Olympics Gold Medal Count

Most online sportsbooks are offering extensive coverage of the Winter Olympics. Typically, it’s easy to find betting markets for each individual sport, including hockey, curling, and the different types of skiing and skating. There should also be a tab for medal specials, which includes odds for what country will win the most gold medals. This is also where you will usually find the Winter Olympics most medals odds if you prefer wagering on the total count.

How to Read Winter Olympics Gold Medal Odds

Betting odds for the most gold medals at the Winter Olympics is akin to a futures bet. Since there are dozens of countries represented at the Olympics, there are many options for countries that could potentially win the most gold medals. Therefore, most options will have positive odds, which means a big payout.

For example, a country with +800 odds will profit $800 on a $100 bet if that country wins. It’s only if there is a heavy favorite that a country has negative odds. For instance, if a country is listed at -800, a wager of $800 will be needed to profit $100. 

Winter Olympics Gold Medal History

Throughout the 21st century, Norway has been the gold medal leader at the Winter Olympics. The Norwegians won the most gold during four of the six previous Winter Olympics this century, including a tie with Germany in 2014. In 2006, Germany won the most gold medals, while Canada took home the most gold in 2010.

Germany has also been a top performer, finishing in the top 3 in gold medal count in all but one of the six previous Winter Olympics during the 21st century. Similarly, the United States has been top 3 in gold medal count four times in the last six Olympics. These three nations have consistently been the best at winning gold medals at the winter games.