The NBA is one of the most popular leagues in sports. It’s so popular worldwide that it’s no wonder it gathers fans and bettors in all parts of the world. Thanks to the popularity of the sport and this league, betting on the franchise is also quite popular.
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There are numerous ways you can wager on the National Basketball Association or the NBA, and we’ll talk about them today! We all know that the NBA introduced a new In-Season Tournament where the games would count towards the regular-season standings. This means games are more exciting as the stakes are higher. So what are you waiting for? Continue reading to learn more!
NBA Popular Betting Types Explained
Do you want to bet on the NBA 2023-24 season? If so, here are the popular betting types you can wager in the NBA.
Moneylines: Picking a Winner
Moneylines is possibly the most straightforward bet you can wager in the National Basketball Association. Most betting websites offer this due to their straightforwardness, where you can simply wager on which team you predict will win the game.
The odds on your betting site would depend on the team’s implied probability of winning the game. In reality, basketball teams aren’t always evenly matched. As such, the odds would reflect the chances of victory for both teams. You may use an odds converter or a moneyline calculator to help you get a better view of which team to wager on.
The simplest way of determining which team is the underdog is when they have a plus sign next to the odd number. For example, the Los Angeles Lakers, another favorite in the 2023-24 season, has a -130 moneyline odds compared to the Toronto Raptors, which has a +110 moneyline odds.
As you can see, the favorites have a negative value in their odds, while the underdogs have a positive value.
Point Spread: Wagering on the Spread
Point spread bets are a favorite among betters since they can level the skill difference between two teams. Oddsmakers analyze both teams, the venue, current form, and critical injuries to calculate the perceived point spread between the two teams.
A negative value indicates that the team is a point-spread favorite. As such, the favorite team must win the game more than the spread posted by the oddsmakers so that bettors can win. On the other hand, the underdog has a positive value in their point spread. For bettors to win, the underdogs can win outright or lose by less than the spread posted.
For example, the Los Angeles Lakers have a -2.5 point spread, while the Toronto Raptors have a +2.5 point spread odds. For the Lakers to win the spread, they must win the game against the Raptors by three points or more. On the other hand, the Raptors can cover the spread if they win the game outright or lose it by two points or less.
Over/Under: Betting on the Total Points or Season Win Totals
Over/under bets are also known as total bets. It’s another popular way to wager on NBA teams. Oddsmakers would set the odds for this type of bet by measuring the matchups between the two teams and their offensive and defensive strategies, then setting the total number of points scored by both teams. When the sportsbook has a “total,” bettors can wager whether the final score of the game would go “over” or “under” that number. It’s that simple!
Parlays: Combining NBA Bets To Get Bigger Payouts
A great thing about parlay bets is you can risk a small amount to win a big payout. However, it carries a more significant risk since you must tie two or more bets together. The more bets you add to the parlay, the bigger the potential payout can be. This bet has a significant risk since all the bets in the parlay must pan out to get a payout.
Prop Bets: Bets on the Player Performance
Prop bets are perfect for those bored with wagering on the usuals. Prop bets allow you to bet on different aspects of the game, like the team’s performances or individual players! You can wager how many three-pointers would be made, which team would be the first to score 15 points, a player’s combined points, assists, rebounds, and many more!
Futures: MVP and Championship Odds
Futures are long-running bets that are focused on the overall results of a team or a player. This bet can be on which player would be named the NBA MVP, the win totals, and more. These odds are open before a season begins before the schedule is made. So, the odds continuously adjust to the results and injuries until the game is decided.
Final Thoughts
As mentioned above, the NBA is one of the most popular leagues in sports. This is thanks to its entertaining and fast-furious pacing and unrivaled intensity. Fortunately for NBA bettors, there isn’t a shortage of betting options with a popular league like the NBA.
You can take a look at the NBA schedule and the matchups. With this, you would know that there are numerous games in the following weeks that you can wager on. Use the guide above to help you make an informed wager in this 2023-24 NBA season.