Will 2020 Olympics be Canceled? Oddsmakers Say Yes

With virtually all the major sports events being put on hold due to the coronavirus pandemic, the question that’s been on the mind of sports fans is: will 2020 Olympics be canceled as well? Japanese officials say no, but oddsmakers think otherwise. At the moment of writing, betting odds suggest it’s a strong possibility the event is going to be suspended.

Will 2020 Tokyo Olympics be canceled? Odds at BetOnline.ag
Yes -420
No +260

With a shortage of sports games, betting on Olympics props seems like a good idea. The only question is which bet to pick. If you’re going to trust Japan’s Prime Minister Shinzo Abe, the 2020 Olympics are going to go ahead as planned.

Japanese Officials Say Tokyo Olympics Will Take Place in 2020

The 2020 Olympics will start on July 24 and run through August 9 as the current schedule says. That’s what Japan’s PM said eight days ago. His opinion is shared by the International Olympic Committee, the body in charge of organizing the event.

However, not everyone agrees this would be a wise move. Former ice hockey player and a current member of the IOC Hayley Wickenheiser is one of many to call this decision insensitive and irresponsible. Considering that social distancing is widely accepted as the best method for containing the pandemic, allowing a massive gathering of people at the 2020 Olympics would be risky.

As a reminder, the event is supposed to feature more than 11,000 athletes from all parts of the world. Moreover, hundreds of thousands of spectators are expected to come to Tokyo to watch the Olympics in summer.

Will 2020 Olympics be Cancelled Entirely or Postponed?

As per a recent report by Reuters, the organizing committee is discussing a potential postponement of the games. There are different scenarios on the table, the most optimistic being the one that the Summer Olympics will start a month later than planned. The same source suggests that plan B is to postpone the Tokyo Olympics to 2021 or even 2022.

For Japan, the worst option would be to cancel the event entirely. This is because the Olympics would bring Japan a big economic boom through consumer spending and tourism. Not only would a cancelation take away profits from Japan, but the country would also lose billions of dollars invested in the preparations for the event.

Italy Not to Send Athletes to Olympics?

One of the prop bets offered by top online bookmakers is whether some countries will decide not to send athletes to Tokyo even if the Olympics take place this summer. The shortest odds are on Italy (+200), one of the countries affected the most by the outbreak.

Spain also belongs to this group of countries. The odds that Spanish athletes aren’t going to compete in the 2020 Tokyo Olympics are +300. China, the country where the coronavirus originated, comes in third with the odds of +500.