Basketball Betting Explained

3/31/2022 admin

Basketball betting: spread betting, underdogs, popular teams, and totals In spread betting, the points from the favorites are taken so that the gap between them and the underdogs is reduced. Popular teams usually have many bettors betting on them but if the difference is too much, they pose a serious risk to those betting on the underdogs. Dec 29, 2020 College Basketball Betting Explained. Posted on December 29, 2020 December 29, 2020 by kylecovers. How to Bet NBA & College Basketball - Basketball Betting Explained Single Bet (or Side) The single bet option is done with a point spread. Sports books determine a favorite and an underdog, then assigns each one with a point total.

Basketball Betting Terms Explained
Basketball Betting Explained Youtube
Basketball Betting Explained Video

Of the four major sports, basketball is one of the easiest to bet on. Along with football, basketball uses the point spread for wagering on sides (teams), as well as an over/under number. If you know how to bet on football, you already pretty much know how to bet on basketball. However, to help out beginners we will have the most important basketball odds explained.

The most common method of betting basketball involves the point spread. This is a handicap the sportsbooks impose on one team to make both teams equal in terms of betting. With the point spread, the team expected to win will be called the favorite. However, the team expected to lose will be called the underdog. The team expected to win gives or lays, points to the team expected to lose for betting purposes.

Totals Betting

The second most popular method of wagering on basketball is in betting totals, also known as over/unders. Essentially, a total is the predicted combined score of the two teams playing. A number will be posted, and bettors have the option of wagering more than the predicted total points will be scored (over), or less than the predicted total points will be scored (under).

In our hypothetical game between the Knicks and the Celtics, the over/under number might be 188. Bettors wagering on the over would win their bets if the total combined score were 189 or greater, while bettors wagering on the under would win their bets if the combined total score were 187 or fewer points. Again, if the combined score is exactly 188 points, the bet is considered a push, or a tie, and no money changes hands.

NBA Over/Under Betting

Bookies always set a number that represents how many points the teams will combine to score in the game, called the Over/Under, or O/U. You simply pick whether the final score will be greater than (over) or less than (under) the number the odds-makers set. You can’t talk about basketball odds explained without totals betting. Here is an example:

Atlanta Hawks vs. Miami Heat – OVER/UNDER 190.5

Remember that over/under bets will also always have some kind of vigorish (usually -110), so be sure to take that into account when placing this type of wager.

Basketball Betting Terms Explained

To determine what the scoreboard will look like after 4 quarters, take a look at schedules and injury reports for each side. If a team is in midst of a long road trip or suffering from injuries, they are more likely to have a slow-paced, half-court offense worked into their game plan. But if they’re coming in with fresh legs and/or playing at home, you can expect a lot more running than usual. It’s never a sure-fire prediction, but it’ll help get you above 50% accuracy.

Another scenario that leads to more fast-break basketball is when a coach is trying to play his team into shape in the earliest stretch of the preseason or regular season. However, that tends to happen more often in prep and NCAA basketball than in pro action.

Also, be sure to investigate both squads’ tendencies in “garbage” time. When a contest is a blow-out, pro coaches like to substitute their bench onto the floor. Depending on what type of youngsters are playing out the minutes and who is coaching them, there could be a lot of running – or a more low-scoring half-court game.

Moneyline Betting

While betting against the point spread or on totals make up the vast majority of basketball wagers, bettors also have several other betting options available to them. One is the moneyline wager, which is a bet on the winner of the game without the point spread. But because some teams are given a better than 50-percent chance of winning, moneyline wagers are made using odds, so that if you bet on the team expected to win you will be asked to risk considerably more than you stand to win.

The moneyline odds on a game will look something like:

Boston Celtics -300
New York Knicks +240

What this means is that bettors taking the Celtics are asked to put up $30 to win $10, while those believing the Knicks will win are asked to risk $10 to win $24.

All sports betting was done with moneylines at one point, but with too many people betting on the obvious favorites all of the time, the point spread was introduced, and sports betting hasn’t been the same since.

Basketball Odds Explained: Betting on the Spread

If the Celtics are playing the Knicks, most bettors would bet on the Celtics to win the game. But say the point spread will make the Celtics a 10-point favorite. What this means is that the Celtics have to win by 11 or more points for its bettors to win their bet, while those betting on the Knicks would win their wagers if the Knicks won the game or lost by nine points or less. If the Celtics win by exactly 10 points, the bet is a push or a tie, and no money changes hands.

When betting against the point spread, bettors are asked to lay 11-to-10 odds, which means that they risk $11 to win $10. This is how the bookies and sportsbooks make their money. If I bet $11 on the Celtics and you bet $11 on the Knicks, the bookie collects $22 between us, but only returns $21 to the winner. The extra dollar is essentially the bookie’s fee for accepting our wagers. Spread betting is otherwise known as handicap betting. You can check our basketball handicap section to learn more about that. Additionally, check the Coinbet24 blog to learn more about Handicap Betting.

Betting the NBA Against the Spread

Let’s start off with an example of a pro hoops game with the point spread listed:

Chicago Bulls +6 (-110)
LA Lakers -6 (-110)

In these lines, Los Angeles is a 6-point favorite over the Chicago Bulls. Remember, the team with the minus (-) sign is the favorite. The number listed after is how many points they are favored by. That means you could bet on L.A. to best their opponent. However, they must prevail in the contest by more than 6 points for your wager to pay off.

If the Lakers prevail by less than 6 points, your bet would be a loser. If Los Angeles prevails by exactly 6 points, your wager would be a “push” or tie, meaning your wager would be nullified.

On the other side of the ledger is Chicago at +6. This means the Bulls are “getting” 6 points (or are 6-point underdogs). A wager on Chicago would score for you if the Bulls either prevail outright, or lose by less than 6 points (e.g. Bulls 101, Lakers 105 would give you a winning bet if you took the Bulls +6).

The next number, after the point spread, represents the “vigorish,” or juice, that the book requires to place your bet. In the example above, both numbers are -110 (which is fairly typical). This means you must wager $110 to win $100 (or $55 to win $50, etc.). However, this number does change on occasion, so be sure you check it before placing a wager.

Basketball Odds Explained: Bitcoin Betting

When betting on basketball, it’s important to look for the best markets and odds on the most popular leagues. This includes the NBA, NCAAB, EuroLeague, and international tournaments like the World Cup or the EuroCup. This is why we suggest visiting Coinbet24, an online sports betting and casino operator. We hope that our basketball odds explained article shares enough information on the matter.

Conversely, the best place to place basketball bets is on a bitcoin sportsbook like Coinbet24.. The bitcoin sportsbook offers odds and markets from the most popular basketball leagues in the world. You will find markets from the NBA, NCAAB, Euroleague, Eurocup, FIBA Europe Cup, etc. Additionally, there are markets from almost every national basketball league in the world.

The Coinbet24 bitcoin sportsbook offers a broad selection of betting types when it comes to basketball. You will find all standard bet types like moneyline (including OT) bets, several different totals score bets, handicap bets (including OT), etc. There is a wide selection of special bitcoin basketball betting offers as well.

“Wait, why does this NFL team have a -235 next to its name? What’s with New England Patriots (-15) vs. Miami Dolphins (+15)? Help! HEEEELPPPP!”

If that sounds like you, we’re here to assist you. If you’ve stared at a board at a sportsbook or just seen spreads and moneylines on the Internet and been utterly confused, don’t worry. It’s not just you. Those numbers can be confounding.

But hopefully, once you’re done reading this, you’ll completely understand how they work. As you prepare to dive into the world of sports betting, here’s a breakdown of how the lines work, starting with …

Spreads

It would be really easy to bet on a game if you could put money on a heavy favorite to win.

That’s where point spreads come in. Let’s look at an example:

Philadelphia Eagles (-4.5)

New York Giants (+4.5)

In this case, you can bet on either two outcomes: you can put money on the Eagles to win the game by 4.5 points OR MORE, which makes them the favorites. Or you can bet that the Giants will either win or lose by LESS THAN 4.5 points. They’re the underdogs.

Now, sometimes the spread “moves” during the days leading up to the game. Perhaps the Eagles’ spread ends up being -3.5 (in which they must win by 3.5 points or more to give you a victory in your bet). Your bet all depends on whichever spread you bet on, whether it was when the Eagles were favored by 4.5 or 3.5 points.

If you ever see “PK” or “pick” next to a team, it means there’s no spread and you can bet on who will win, no matter what the score is.

Moneylines

Let’s take that same example above but use moneylines:

Philadelphia Eagles (-200)

New York Giants (+150)

The team with a minus symbol is the favorite, and the number is how much money you would need to bet to win $100. In this case, you would have to bet $200 on the Eagles in order to win an additional $100.

The Giants are the underdogs. If they’re +150, that means you could bet $100 to win $150.

Note that you can bet any amount you want, but those numbers are always calculated and posted the same way, either in how much money you would need to wager to win $100 or how much money you could win by wagering $100.

Odds

If you’re betting on something like the team who will win the Super Bowl in the future, you might see it look like this: