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Olympics betting: Team USA basketball odds plummet after shaky showing in exhibition play

USA Basketball’s men’s team had a shaky showing in its exhibition schedule in the lead up to the Tokyo Olympics, and the odds have shifted accordingly.

Team USA dropped exhibition contests to both Nigeria and Australia before rebounding with victories over Argentina and Spain. Before the exhibition games began, Team USA was a heavily favored -1000 to win the gold medal at BetMGM, meaning a bettor would need to bet $100 to win $10.

There has been a steady drop since.

Following the Nigeria loss, Team USA’s odds dropped to -800.