2026 Winter Olympics Medal Predictions: Expert Odds Revealed

Jordan Hale, Senior Sports Correspondent

Feb 08, 2026 • 4 min read

Snow-covered podium with athletes from various nations holding Olympic medals during a Winter Games ceremony

2026 Winter Olympics Medal Predictions: Expert Odds Revealed

As the world gears up for the 2026 Winter Olympics in Milano Cortina, Italy, anticipation is building around the medal tally. Set to kick off on February 6, 2026, this quadrennial spectacle will showcase elite athletes battling it out in 109 events across 15 disciplines. With the host nation Italy aiming to shine on home snow, and traditional powerhouses like Norway and the United States vying for dominance, experts are already crunching the numbers on potential medal counts. Drawing from CBS Sports' in-depth analysis, this article breaks down the predictions, odds, and best bets for the overall medal tally, with a nod to Australia's underdog story.

Norway: The Unstoppable Nordic Machine

Norway enters as the clear favorite to top the 2026 Winter Olympics medal tally, building on their staggering 37 golds from the 2022 Beijing Games. Experts predict they'll haul in at least 30 golds again, thanks to their depth in cross-country skiing, biathlon, and Nordic combined. Betting odds list Norway at -150 to lead the overall medal count, with over/under lines set at 45 total medals. "Norway's infrastructure and talent pipeline make them a lock for the top spot," says CBS Sports analyst Eric Cohen. Their dominance in endurance events could see them eclipse 50 medals if conditions favor their skiers.

Key Events for Norwegian Success

Long-tail bettors might eye Norway's over on golds at -110 odds, a safe play given their historical stranglehold.

United States: Chasing the Podium Peak

The USA, fresh off 25 medals in 2022, is projected to snag second place with around 28-32 total medals, including 8-10 golds. Odds for the U.S. to finish in the top three stand at -200, but topping Norway seems a long shot at +800. Strength lies in freestyle skiing, snowboarding, and figure skating, where athletes like Mikaela Shiffrin and Nathan Chen's successors could shine. Cohen highlights the Americans' innovation in halfpipe and big air events as a game-changer, potentially boosting their tally by 5-7 medals over Beijing.

American Hotspots and Betting Value

In snowboarding, look for gold rushes in slopestyle (+300 for multiple U.S. wins). Figure skating pairs could deliver a surprise podium, with odds at +250 for a U.S. medal sweep in the team event. For Australians tuning in, the U.S. rivalry with Canada adds extra drama—bets on USA over Canada in total medals are juiced at -120.

Germany and Other Contenders

Germany, perennial bronze medal magnets, is forecasted for third with 25-30 medals, leaning on biathlon and luge prowess. Odds for them to exceed 25 totals are -130, making it a solid parlay piece. Canada follows closely, predicted at 20-25 medals, with hockey and freestyle as anchors—don't sleep on their +400 odds for a top-five finish.

Host Italy gets a narrative boost, with experts eyeing 15-20 medals, up from 2022's 10. Their alpine events on familiar terrain could yield 5-7 golds, with futures at +500 to crack the top 10. Other nations like Sweden (+1000 for top five) and the Netherlands (speed skating specialists) round out the mid-tier predictions.

Australia's Winter Olympic Aspirations

For Down Under fans, Australia's medal hopes in 2026 remain modest but inspiring. The Aussies managed just one medal (bronze in mixed team snowboard cross) at Beijing 2022, but with a growing program, experts predict 2-4 medals total. Odds for Australia to medal in freestyle skiing sit at +800, spotlighting talents like Scotty James in halfpipe. "Investment in aerials and moguls could pay dividends," notes Cohen, with a long-shot bet on an Australian gold at +2000 offering high-reward potential. As the region AU audience knows, events like the women's aerials could feature breakout stars, echoing past successes in summer sports.

Challenges and Opportunities for Aussies

With climate training facilities improving, Australia could double their tally—bettors might consider over 1.5 medals at +150.

Betting Insights and Overall Tally Projections

The futures market is buzzing, with over/under for total golds across all nations set at 220.5 (-110 both sides). Best bets include Norway over 30 golds (-120) and USA under 10 (-105), per Cohen's model. For value plays, Italy's home advantage in bobsleigh (+400 for multiple medals) and Sweden's cross-country surge (+600) stand out. Semantic variations in betting searches like "Milano Cortina medal over under" are spiking, reflecting global interest.

In summary, the 2026 Winter Olympics medal tally promises Nordic supremacy, American resilience, and host nation fireworks. With odds favoring Norway at the summit, underdogs like Australia add heart to the chase. As Milano Cortina prepares to host, these predictions set the stage for two weeks of frozen thrills. Stay tuned to Everythiiing.com for live updates and deeper dives into your favorite events.

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