Weekly Sports Betting Events

Action on the MLB diamond will lose some of the sports-betting spotlight this week with the Summer Olympics set to get underway in London, England on Friday. The Sprint Cup Series is also back on the schedule this week with the drivers set to take on Indianapolis Motor Speedway, while the PGA Tour hits the links at the Canadian Open.

Events get underway at the Summer Olympics this weekend, with bettors focusing on the basketball tournaments finding the United States as the overwhelming favorite at the sportsbooks to win both the men's (1/8) and women's (1/10) gold medals. American Serena Williams is also the 3/2 favorite to win the women's tennis gold medal, with Serbia's Novak Djokovic (3/2) and Switzerland's Roger Federer (2/1) the men's favorites. Michael Phelps (1/1) is behind fellow American Ryan Lochte (8/11) to win the men's 400m Individual Medley as the Olympic swim meet gets underway on Saturday.

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Top action around Major League Baseball early this week includes Boston at Texas, Washington at the Mets, and the Dodgers at St. Louis, with Los Angeles set for four road games against the Cardinals as they try to keep pace with the Giants in the NL West standings. The Dodgers' Clayton Kershaw (7-5, 2.74 ERA) is set to take on the Cards' Adam Wainwright (7-10, 4.42 ERA) in the second game of the series Tuesday.

Later in the week it's then Oakland at Baltimore, Detroit at Toronto, the White Sox at Texas, and Tampa Bay at the Angels, plus rivalry matchups featuring the Dodgers at San Francisco and Boston at the Yankees. The Red Sox and Yankees are the Sunday Night Baseball contest this week, with Boston well back of New York in the AL East standings; the Yankees are 9/2 favorites at the sportsbooks to claim the World Series.

The Sprint Cup Series has the Curtiss Shaver 400 at the Brickyard on Sunday afternoon, with Paul Menard the defending champion at the circuit's event at Indianapolis Motor Speedway. Jimmie Johnson has won the Sprint Cup Series race at the Brickyard in three of the past five seasons, and he's the 3/1 favorite at the sportsbooks right now (ahead of the 6/1 Tony Stewart) to win the driver's title this year.

Auto racing bettors will also get the Hungarian Grand Prix in Budapest on Sunday, with McLaren's Jenson Button the defending champion at that event. Meanwhile, the golfers of the PGA Tour will return from playing at the British Open to compete in the RBC Canadian Open at Hamilton Golf & Country Club; Sean O'Hair is the defending champ.

Finally, there are four games on the Canadian Football League's schedule for this week, including Hamilton at Saskatchewan on Saturday night. The Roughriders were tagged with their first loss of the season by Calgary last week, but they're still a perfect 4-0 ATS on the season. Hamilton is at 2-2 SU and 3-1 ATS through the first four weeks.