Whether you’re a newbie or a seasoned sports bettor, online NBA betting has something for you. With a packed schedule, tons of bets, and nail-biting action, betting real money on the NBA can be both exciting and profitable. We’re going to get you primed to start betting on NBA games by teaching you the basics of how to bet of the NBA online and provide you with access to invaluable NBA betting resources. By the end, you’ll be all set to place your first NBA bets and well on your way to winning real money. For more information about the NBA, visit their official website.
Understanding NBA Odds and Lines
The first step to betting on the NBA is understanding odds and lines. While these are simple concepts, they can look intimidating at first. These compact, information-dense tables tell you everything you need to know about a bet before placing a wager. We’ll show you how to read them, and you’ll be able to see them in action with examples later on in the article.
First, let’s look at odds. Like we mentioned earlier, odds reflect the payout that corresponds with a given bet. You will most often see these represented as a positive or negative number. If the number is negative, that team is the favorite. If the number is positive, that team is expected to lose. The actual number value tells you the payout you would get for winning in relation to a dollar bet.
Second, the “spread” (or the “line”) represents the number of points a team is expected to win or lose by. We’ll talk about betting the spread next. But for now, you just need to know that it is represented by a positive and negative number assigned to each team, usually in increments of half a point. If a team is showing -4.5, they are expected to win by 4.5 points, and if a team is showing +4.5, they are expected to lose by 4.5 points.
NBA Moneyline Bets
Moneyline bets are also quite common across a wide range of online sports betting sites with NBA odds. This more straightforward form of betting offers you a chance just to pick the winner of a given event. Just like with spread bets, you are betting on who will win. However, in contrast to spread bets, handicaps are provided differently. Spread bets simply adjust the expected outcome to win the bet, but offer the same odds for each team. Moneyline bets are placed on who will win, but the payout varies in accordance with which team is favored.
Below is an example of how a bookmaker would present the NBA odds on a moneyline bet. You will see each team is assigned a number. This number will tell you both the payout on the bet as well as who is favored. Again, the negative number reflects the favorite to win. The thing to remember with moneyline bets is that your team still needs to win the bet. Unlike spread betting, if your team loses, you lose. Also, the payout that corresponds with your bet is scaled to the probability of the outcome. This means that you can often win much less with a successful bet on the favorite.
NBA Over/Under Bets
If you aren’t as interested in betting on a specific team at NBA sportsbooks online, over/under bets might be for you. These bets aren’t placed on one particular team to win, but rather, the total number of points both teams will score. Let’s take a look at our earlier example to see how an over/under bet works.
Here you will see a number designated with a “o” and a “u.” This number refers to the threshold of points at which one bet wins against the other. Despite these lining up with different teams, that’s merely for organizational purposes. In our example, the 196 refers to the total points scored in the game.
When betting the over/under, you are placing a wager on the total points being over or under the offered threshold. Above, if you placed an over bet and the total points scored was 197, you win. Conversely, if you took the under and the points totaled 195, you would win. These bets can be useful if you have reason to believe a game will be particularly offensive or defensive.
Online NBA Spread Betting
Spread bets are one of the most common across NBA betting online. A spread bet intends to “level the playing field,” so to speak. When a bookmaker offers you a bet on who will win an NBA game, the teams are never perfectly matched. There are always going to be differences in the two teams that contribute to one team being more likely to win than the other.
To account for this, bookmakers offer what is called the “spread” or the “line” to equalize the teams. The “spread” refers to how many points a team is expected to win or lose by. If sportsbooks didn’t offer a way to balance the bets between the teams, everyone would simply bet on the favorite, and the sportsbook would go bust. Let’s look at the example below to see precisely how the spread works. One thing to remember is that the line in NBA spread betting is not fixed. The bookmaker will move the line based on the balance of bets. Their goal is to have equal bets on both teams so they make money regardless of who wins.
NBA Online Betting Conclusion
Betting on the NBA online or in-person can provide some of the most exciting and profitable betting in all of sports. With a wide range of betting styles, a ton of competitive teams, and action almost every night during the season, NBA betting should be on your radar if you are looking for a new sport to bet. Sports gambling is fun but it’s also demanding. Some of the best professional gamblers in the world barely achieve a 60% win rate. That means, on average, 4 of every ten decisions they make are incorrect, and those are some of the best in the business.
These statistics aren’t meant to scare you or dissuade you from sports gambling, it is just a reminder of how challenging it is and why you should take it seriously. We all want to win and make money. That’s the thrill of gambling and why it can be so alluring but you should always remember that it takes awareness and studiousness to be a long term winner. To learn more about basketball betting, visit the Coinbet24 Blog.
For the best NBA bitcoin odds and markets, visit the Coinbet24 Bitcoin Sportsbook and Online Casino.