Which Country Will Win the Most Gold Medals at the 2022 Winter Olympics – Olympic Betting Preview

| October 28, 2021 8:16 am PST

For the first time in history, the Winter Olympics will be hosted by a city that previously hosted the Summer Olympics.

In February 2022, the best men and women on snow and ice will travel to the Chinese capital of Beijing for the 24th edition of the Winter Olympic Games – 14 years after the city hosted the Summer Games.

Many of the top Olympics betting apps have already released some interesting props and specials for the 2022 Winter Olympics. In this post, I will be discussing which country will win the most gold medals at Beijing 2022.

After looking at the gold medal odds for the 2022 Winter Olympics, I will analyze all the leading contenders before sharing my Winter Olympics predictions.

Let’s start by checking out the bookmakers’ Winter Olympics betting odds.

2022 Winter Olympics Gold Medal Odds

Norway1.36
Germany4.00
Canada6.00
United States9.00
Olympic Athletes from Russia19.00
Netherlands61.00
Sweden81.00
South Korea101.00
China151.00

BetUS views Norway (1.36) as the outright favorite to win the most gold medals at the 2022 Winter Olympic Games.

The Norwegians finished atop the medal table at Pyeongchang 2018 and have triumphed on eight occasions over the years – winning 35% of the 23 Winter Olympics titles.

The bookies expect Germany (4.00) to be Norway’s biggest rival in Beijing. Germany matched Norway’s gold medal tally last time around but claimed eight medals fewer than Norway overall.

Canada (6.00) and the United States (9.00) are in the mix, too. The Canadians triumphed on home soil in 2010, although Team USA’s sole Winter Olympics title came all the way back in 1932.

Olympic Athletes from Russia (19.00) find themselves outside the bookies’ group of frontrunners, while the Netherlands (61.00), Sweden (81.00), South Korea (101.00), and China (151.00) are all seen as outsiders.

Before we take a closer look at the contenders and make some 2022 Winter Olympics predictions, let’s go back four years and analyze the previous Games in Pyeongchang.

What Can We Learn from the Last Winter Olympics?

Pyeongchang 2018 was arguably one of the most competitive Winter Olympics to date. Both Norway and Germany picked up 14 golds, with the Norwegians claiming the title thanks to their superior silver and bronze hauls.

Canada pushed the frontrunners all the way, too, securing 11 golds. The US, the Netherlands, and Sweden also registered respectable totals.

Here is the 2018 Winter Olympics medal table.

2018 WINTER OLYMPICS MEDAL TABLE
Nation Gold Silver Bronze Total
Norway 14 14 11 39
Germany 14 10 7 31
Canada 11 8 10 29
United States 9 8 6 23
Netherlands 8 6 6 20
Sweden 7 6 1 14
South Korea 5 8 4 17
Switzerland 5 6 4 15
France 5 4 6 15
Austria 5 3 6 14

Norway clinched 39 medals last time around, breaking the record for most medals won at a single Winter Games. Cross-country skier Marit Bjorgen claimed the 39th and final medal, winning gold in the 30km classical event.

It is also worth pointing out that Germany and Canada tied for gold in the two-man bobsleigh event. Remarkably, that event has been tied on just two occasions in history.

So, will Norway triumph once again? Or will we see a different winner in 2022? Let’s find out.

Why is Norway the Favorite to Win the Most Golds in 2022?

Ever since the Winter Olympics’ inception in 1924, Norway has consistently sent multiple world-class athletes to each edition of the Games.

Not only are the Norwegians the defending Winter Olympics champions, but they are also at the summit of the all-time medal table.

WINTER OLYMPICS – ALL-TIME MEDAL TABLE
Nation Gold Silver Bronze Total
Norway 132 125 111 368
United States 105 113 89 307
Germany 93 87 60 240

Norway picked up gold medals in ski jumping, speed skating, alpine skiing, and the biathlon at the previous Games, dominating numerous events and disciplines. But it was their exploits in cross-country skiing that saw them finish atop the Pyeongchang 2018 medal table.

The Norwegians won seven of the 12 cross-country skiing events last time around, picking up four silvers and three bronzes along the way. Incredibly, Marit Bjorgen claimed two golds, one silver, and two bronzes by herself!

Jarl Magnus Riiber leads the way for the next generation of Norwegian skiers. At just 23, he already has four world titles and an Olympic silver to his name.

Johannes Thingnes Bo is another gold medal favorite. The biathlete won the 20km individual event in 2018 and claimed two silvers in team events.

Ultimately, Norway’s roster is stacked with world-class athletes in every department, so it’s hardly surprising to see them at the top of the bookies’ 2022 Winter Olympics gold medal odds list.

Could Germany Claim the Most Golds at Beijing 2022?

Four years ago, the Germans came agonizingly close to winning their first Winter Olympics title since 2006. Despite securing the same number of golds than Norway, they fell short of the champions’ overall medal haul.

Germany totally dominated certain events and disciplines at the previous Games. In fact, they claimed three gold medals in each of the following sports.

  • Biathlon
  • Bobsleigh
  • Luge
  • Nordic Combined

Although they picked up a further two golds in figure skating and ski jumping, Germany wasn’t able to compete with Norway in several events. That’s why the Norwegians eventually came out on top.

Germany has several gold medal hopefuls heading to China in February. Four-time Olympic gold medalist Natalie Geisenberger invariably dominates the Luge, while double gold medalist Francesco Friedrich is expected to star in both the two-man and four-man bobsleigh events.

If seven-time world champion Tina Hermann lives up to expectation in the skeleton, Germany could challenge Norway once again.

Can the Canadians Repeat Their 2010 Triumph?

Canada claimed 11 gold medals at the last Winter Olympics, three less than Norway and Germany. When they won the Games in 2010, they managed to pick up 14 golds.

The Canadians scooped four gold medals in freestyle skiing alone last time around, with Mikael Kingsbury winning the moguls. Kingsbury is the most decorate moguls skier of all time, so he will surely challenge for gold once again in Beijing.

Along with a couple of figure skating golds, Canada triumphed in the bobsleigh, curling, snowboarding, and speed skating in 2018. They will need to perform well across the board if they want to replicate that in 2022.

Will Team USA Win the Most Gold Medals at Beijing 2022?

It feels like the United States’ female skiers and snowboarders hold the key to their chances of success in Beijing.

Mikaela Shiffrin is a double gold medalist, having triumphed in the slalom and giant slalom in 2014 and 2018, respectively. The alpine skier is also a six-time world champion, meaning she will be expected to take home the top honors in 2022.

Snowboarder Chloe Kim is another gold medal hopeful for the US.

The 21-year-old was just a teenager when she won the halfpipe event in Pyeongchang, so she returns to the Olympic stage with far more experience.

The Americans sealed a respectable nine gold medals at the previous Games. If they are serious about challenging the like of Norway and Germany, they will definitely need to improve on that total.

Evaluating the 2022 Winter Olympics Outsiders

Could an outsider win the most gold medals at the 2022 Winter Olympics?

Let’s take a quick look at the best of the rest.

Do Olympic Athletes from Russia Stand a Chance?

In 2017, Russia was suspended from competing in the Olympics due to a state-sponsored doping scandal. Since then, however, athletes from Russia have been allowed to represent the Russian Olympic Committee at the Games.

Russia won the Winter Olympics back in 2014 but ended up finishing all the way down in thirteenth place in 2018 – clinching just two gold medals.

Although the Russians tend to do well in sports such as ice hockey and figure skating, the team doesn’t boast strength in depth. Winning only a handful of events won’t be good enough in Beijing.

The Netherlands Can’t Rely Solely on Their Skaters

If the Netherlands wants to win the most golds at Beijing 2022, they will need their skaters to be at the top of their game.

Thanks to the exploits of athletes like Suzanne Schulting and Ireen Wust, the Dutch won a whopping seven speed skating golds last time around, along with another gold in the short track event.

It is worth pointing out, however, that each of the Netherlands’ eight golds in Pyeongchang were won in skating events. Needless to say, they will need athletes in other sports to step up in Beijing.

Sweden Must Be Competitive in Multiple Events

The women’s curling team claimed gold for Sweden at the last Games, while a further two golds were won by female athletes in cross-country skiing. That said, the Swedes only managed to accumulate half as many golds as Norway and Germany in 2018.

Sweden will be hoping that the following heroes from four years ago can emulate their heroics in 2022.

  • Charlotte Kalla – Cross-country skiing
  • Stina Nilsson – Cross-country skiing
  • Niklas Edin – Curling
  • Sara McManus – Curling

Although the Swedes have a few goal medal hopefuls, they will surely find it difficult to rack up as many top honors as the frontrunners.

South Korea Needs to Improve in Key Areas

South Korea came away from the last Games with five gold medals, three of which were won by short track speed skaters. Lim Hyo-jun and Choi Min-jeong won their respective events, before the women’s team won the relay.

There were also triumphs for Lee Seung-hoon (speed skating) and Yun Sung-bin (skeleton), but the South Korean’s tally of eight silvers and four bronzes saw them fall way short of the leaders.

If they could only manage five golds on home soil, they aren’t likely to improve on that in China.

Could China Upset the Winter Olympics Odds?

Does the host nation stand a chance of finishing atop the medal table? Well, if their record at the last Games is anything to go by, then I’d have to say no.

China sealed just a single gold medal four years ago, picking up six silvers and a couple of bronze medals for their troubles. No wonder the Chinese are priced at 151.00 to clinch the most golds at the 2022 Winter Olympics.

My 2022 Winter Olympics Predictions

At the end of the day, you can’t really argue with the bookies’ prices.

The Winter Olympics oddsmakers view Norway as the clear favorite to win the most gold medals in Beijing, and when you look at the Norwegians’ record, it is easy to see why.

The defending champions have won two of the past five titles and remain the most successful nation in the history of the Winter Games. But can they claim back-to-back triumphs?

It is worth noting that no country has won successive Winter Olympics since the Soviet Union – and that was all the way back in 1980! That means that each of the last ten Games have produced a fresh winner every four years.

Given the competitive nature of the Winter Olympics, I recommend steering clear of Norway this time around. Not only are the reigning champs priced at a measly 1.36, but they will also find it extremely tricky to defend their crown.

When it comes to betting on which country will win the most gold medals at the 2022 Winter Olympics, Germany looks like a good bet. The Germans’ price of 4.00 offers far better value – and they have no shortage of gold medal hopefuls!

If athletes like Natalie Geisenberger, Francesco Friedrich, and Tina Hermann can add to their already impressive gold medal tallies in Beijing, Germany will almost certainly challenge for the top honor.

Fancy reliving the last Winter Games? Why not check out our review of the 2018 Winter Olympics in Pyeongchang?

Ben Morris

Ben is a sportswriter and tipster who specializes in soccer. Currently based in the UK, he has traveled all around the world watching – and betting on – his beloved sport.

Alongside his regular soccer content, Ben publishes blogs and picks for cricket, Formula 1, Aussie rules, darts, and various other sports.

Ben is a diehard fan of Nottingham Forest and England, so he hasn’t had much to cheer about in recent years!

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