Nigeria has pulled off the upset of the 2024 Summer Olympics in Paris so far, perhaps, with a victory over Australia in women's basketball as roughly +2000 underdogs, meaning a $100 wager would've netted a bettor $2,000.
And when Nigeria went down 8-2 early in the game, their live odds fell to as low as +4500. A $100 bet could have garnered as much as $4,500 in profit.
Then, it was downhill from there for Australia. On the backs of an 11-0 run and some shoddy shooting from the Australians, Nigeria went into halftime with a 13-point lead and never looked back, eventually winning the contest 75-62.
It's a massive blow to Australia's odds to win gold or medal at this tournament, considering they had been the most-favored team other than the United States, which entered play on Monday with -1400 odds of winning gold.
Australia had second-best odds of winning gold at +2200, tied with France. Future odds are currently locked as play continues on Monday, culminating in the United States' game with Japan at 3 p.m. ET. Once odds are posted following that contest, expect the Aussies to plummet on both the gold medal and to win a medal leaderboards.
The Americans are -9000 favorites to win their Monday afternoon game with Japan, meaning a $9,000 wager would only net $100 if the U.S. wins. After that game, also expect the U.S. odds to surpass -1400 on account of the Australians' foibles.
