Betting on basketball is one of the most exciting and best sports to place a wager on... Basketball betting has become huge in the United States but other countries join in the action as well. There are two main levels of basketball betting. With NCAA basketball betting being one and NBA basketball betting being the other. NCAA basketball is better known as college basketball betting. This season typically runs from October until early April. The final few weeks of the NCAA is often times referred to as March Madness and has quickly evolved into one of the most bet on sporting events of the year. The NBA is basically professional basketball. With games nearly every night throughout the winter, bettors have taking a liking to betting on the National Basketball Association. Let’s take a look in detail at what types of bets are available in the sport of basketball and hopefully it will help you understand the odds a little better.
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Basketball Betting Types and Odds
Below are the standing basketball betting types that you will find at nearly every Sportsbook. We’ll try to help you understand how each one works and hopefully improve your overall basketball betting skills.
Basketball Spread Betting – This is the most common form of basketball betting. Sportsbooks set a spread on each and every college and professional basketball game. A spread is basically the number of points one team is favored to beat the other team by. For instance, if the Chicago Bulls were playing the New York Knicks in a NBA basketball game and the spread was set at Chicago Bulls –4.5! This means that the Bulls are favorites to win this game by 4.5 points.
When betting against the basketball spread you can either bet on the favorite or the underdog. If you bet on the favorite your team must win by the “spread” or number of defined points. In our example this would mean the Bulls would need to win by 5 for you to win the bet. If you bet on the underdog you team could win the game or lose by up to 4 points and you still win your basketball spread bet.
Basketball Moneyline Betting – Betting on the Moneyline in basketball is a little less common but it is still available in most instances. A basketball Moneyline basically just means you are betting on which team will win the game – straight up. The team you pick doesn’t have to win by any amount of points, they just have to win the game. Odds are set on each team making the payouts larger or smaller depending on which team is favored and by how much. For instance, in the example above, the Chicago Bulls would most likely be –165 with the Moneyline. This basically means you would need to risk $165 to win $100 on the Chicago Bulls to win the game. On the flip side the New York Knicks Moneyline would most likely be set at +145 or something around there. Betting on the basketball Moneyline is a lot of fun and can be really profitable if a big underdog wins.
Basketball Over/Under Betting – Betting on the over/under in basketball is fairly self-explanatory. A “total” is set for every basketball game. You can bet that the final score (both teams combined including any overtime) will go over or under the defined total.
Basketball Major Events
There is nothing more exciting than betting on the big basketball game. Whether you are betting on the college basketball game or the pro game, there are several opportunities to bet on major events. Below are some of the key events you do not want to miss out on.
NBA All Star Game – This is a very exciting basketball event to bet on. Not necessarily the game itself but betting on the things that surround the game. You can bet on the Rookie Game, the NBA Dunk Contest, the 3 point contest and the NBA All Star game itself. We typically like to bet on an underdog in the dunk contest and the 3-point contest to see if they can hit big.
NBA Championship – The NBA Championship gets a fair amount of bets each year. The championship is typically a 7 game series so there are a couple weeks of betting. These are fun to bet on because the games are all nationally televised and they get a lot of publicity as well.
NCAA March Madness – March Madness betting is giving the NFL Super Bowl a run for its money as the most bet on sporting event ever. Starting in mid march the bracket of 64 teams is set and games are held Thursday through Saturday ALL DAY LONG. Basketball betting enthusiasts are in heaven as they can bet on these games from 11:00 AM until midnight for 4 days straight. Be sure not to miss this March for some great basketball betting action.
NCAA Final Four and Championship – Betting on the Final Four is basically an extension of March Madness. This is the round of March Madness where there are only 4 teams remaining. They play out the Final Four and Championship over a weekend and into Monday. Some big money bets typically come in on this basketball event, as it’s one of the only sporting events in the US happening that weekend.
Basketball Betting Strategy and Tips
There are a few things you should keep in mind when betting on basketball.
Home Court: First of all, know who the home and away teams are. It’s amazing how beneficial the home court advantage is in the game of basketball. Take this into account when deciding which team to place your bet on.
Injuries: Secondly, check the injury report. A major injury to one of the star players could seriously change the line and affect your basketball bet.
Matchups: Knowing the matchups between the two teams are a key to becoming a great basketball bettor. Study how each team matches up against the other team. Just because one basketball team is 20-3 and the other is 15-8 doesn’t mean that team A will dominate the game. Check who the teams have played and how the players and team strategies match up against each other before you decide on your bet.