Sports betting have changed the way we see sporting games and tournaments. While some fanbase is hoping their team wins, another group of sports lovers is trying to make some money. However, you need to have basic knowledge of the sport and online wagering to succeed.
Over the years, online betting has grown to include cryptocurrencies as punters look to take advantage of a fast and secure payment system. Basketball is one of the most wagered sports on top bitcoin sportsbooks worldwide. Whether you want to make a bet on a regular-season game, or in the playoffs, this article will help you learn how to do so.
What Is The Best Way To Place Bets On Basketball
The first step in learning to bet on basketball games knows how the odds are laid out. Odds are expressed with a plus sign (+) to indicate the underdog and a minus sign (-) to imply the favorite.
For example, a game between Los Angeles Lakers and Orlando Magic will have a plus (+) and minus (-) sign attached to the teams. Los Angeles Lakers +120, Orlando Magic -110. These numbers indicate the actual odds of the game.
The amount you choose to wager is solely your decision. However, bets are not always successful, so it is best to place bets with amounts that you are comfortable with losing.
Money Line Bets: Picking Outright Winners
This type of bet is alternatively called straight-up bet (SU). The moneyline is a bet that requires picking an outright winner. An example will be the game between the Toronto Raptors and Boston Celtic. If the Raptors are the favorite, you can bet on them to have the victory outright.
The odd may look like this Toronto -200, and Boston +180. If you place a bet of $40 on the Raptors and they emerge victorious, you will get a payout of more than $45. But, if you place the same amount on Celtic, and they win, you will get $125.
The odds calculator will give the expected amount you will get after winning depending on the odds, and the amount used to bet on them. Bets on the underdog are seen as a risky one since the bookmakers predict their likely loss. But, you can bet on the underdog if you feel they have a chance to win.
Point spread: Which Squad To Cover
Similar to NFL betting, when both teams are not evenly matched, the point spread gives bettors an alternative to pick one team to win against the other. The underdog is given an advantage before the game starts, and the favorite is disadvantaged. An example will look like this – Los Angeles Clippers -17.5 and Golden State Warriors +17.5.
In this scenario, the Warriors need to either win or lose by 17 points or less. On the other hand, the Clippers need to win the game by 18 points or more. When betters place a bet like this one, choosing a team to cover the spread is essential.
Most times, there will be an ATS for this kind of bet (against the spread). Spreads for basketball games will typically be more than five points because basketball is a high-scoring sport. There are times when the spread won’t have a decimal, and you will get a whole number.
The word “push” describes when the point spread is the exact odd point used to win the game. From the example above, if the Clippers win by 17 points, it is called a push, and you will receive your money back.
Live Odds: Betting While The Game Is On
Betting sites give live odds during basketball games. Inplay betting allows a wager on each play, and things like the next team to score or changing spread are shown in the betting odds. When you see live odds that you want, take them immediately because they can disappear quickly. The faster you can make your selection on the live lines, the better.
Future: betting on the long term
Basketball futures are bets made on what will happen in time. Yes, we know all bets are made with future consideration, but futures are placed weeks or months before the game. Examples are –
- Regular-season win totals per team
- Who is the favorite to win MVP?
- Which team will win the championship?
Futures bets can be placed any time before the event takes place. Bookmakers will give odds before the season starts, so bettors can place a bet on them as early as you can.
Parlays: many bets on one ticket
This type of bet gives bettors a chance to bundle two or more wagers on a single betting slip. Parlays give you a chance to make money from a game, the totals from another, and the spread from another event and place them on the same bet slip.
With this kind of bet, all your bets have to succeed. Otherwise, you have lost the bet. Basketball bets are becoming more popular because of the fan base of the sport. Presently, it has become easier because of online betting sites. You can learn more about basketball wagers here. After reading this article, we hope that you have learned how to place your bets on the game.