Well, the Greeks believed strongly in fate, and that fate determined everything in life, especially in the Olympics. Hades works closely with the Goddesses of Fate, and even in the movie, he flirts with them playfully, so yeah, Hades has been known to at least think about tipping the scales of fate toward his favor, against Hercules always.
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You have to distinguish between two meanings of the word Olympic.
One is the Olympic gods, who reside on Mount Olympos. Apollo is one of them.
The other is the Olympic games, which were originally held in the ancient city of Olympia, Greece. Often Olympics for short. Apollo was the winner of the first olympic games but back then it was called the Pythian games.