Twenty-two competitors, all men, were selected by the Venezuelan Olympic Committee to take part in sixteen events across five sports.

While most of the Venezuelan athletes did not advance past the qualifying rounds of their sports, there were some good placings in the shooting, with Germán Briceño and Carlos Monteverde finishing in the top 10 of their events.

For the Melbourne/Stockholm Games, Venezuela had representation with a member on the International Olympic Committee (IOC), Dr. Julio Bustamante.

[10] With kitchens cooking separately for nations of "similar eating habits", the Venezuelan delegation was grouped with those of Argentina, Brazil, Chile, Colombia, Italy, Portugal, Peru and Uruguay.

[12] Rafael Romero and Clive Bonas competed in the first round of the 100 metres event on 23 November.

The same qualifying rule was applied to the 200 metres event, for which the first round was held on 26 November.

[14] There were 161 boxers from 34 countries at the Games, competing in 10 events between 23 November and 1 December at the West Melbourne Stadium.

In the first round, held on 24 November, Rodríguez was defeated by H. V. Petersen of Denmark on points.

Enrique Tovar competed as a welterweight in the first round on the same day; he was also defeated on points, losing to Pearce Allen Lane from the United States.

[16] The same four cyclists competed in the road event, in both the individual and team races, contested at the same time on 7 December.

None of the men finished in either the individual or team event; no riders at all completed the jumping course in the first round, and only some were fit to ride again.

The official report by the Games' Organizing Committee noted that the fifth gate was particularly difficult.

[19][20] The shooting events were held between 29 November and 5 December on the Army rifle range at Williamstown, Australia.

One of the shooting officials, the President of the Range Jury for Classing Committees, was the Venezuelan H. Schlaepfer.

This weather continued during the practice period, with strong winds and heavy rain; the shooting committees expressed concern.

[21] In the free pistol event on 30 November, Venezuela was represented by Hector de Lima Polanco, who had competed in 1952, and José Bernal.

[21] The silhouette, a rapid-fire shooting event over 25 m. There were two courses of 30 rounds, for 60 total, played over two days.

At Melbourne, the Silhouette event took place on 4 and 5 December, and shooters were allowed to take five practice shots (without a time limit) before each course.

[21] Llabot was joined in the prone small-bore rifle event held on 5 December by Enrique Lucca.