Ole won his second World Championship in 1975 with a 15-point maximum at Wembley. The very next night he won the Danish Championship in Vojens. Unbelievably though, Olsen failed to qualify for the 1976 World Final in Poland when he could only manage 12th in the Intercontinental Final at Wembley. He only scored 6 points in the IC Final after being excluded from his first race, suffering engine failure in the very next race, and only managing three second places in his next three rides.