Online Basketball Betting Tips
Basketball is one of the most popular and most-watched sports in the world. And in terms of betting too, it attracts millions of bettors with its wide range of bets.
As online sports betting is getting pace in India, online basketball betting is also getting attention from thousands of Indian bettors. If you too want to try your hand on basketball betting, first you must know about how to bet on basketball.
In the article below, you will get the information about all the major bets available in online basketball betting so that you get a better idea of betting on basketball and win.
1. Moneyline bet
Moneyline bet is a straight forward bet where you bet on your predicted match-winner. Out of the two teams playing against each other, you will select one and put a moneyline bet. If your team wins, you win the bet no matter how many points they win. Simple as that!
But the payout you receive as your winning amount is not equal for both teams. To encourage bettors to bet on an underdog team, sportsbooks provide higher odds on an underdog and lower odds on a favored team.
As an example, the odds might be -280 for favored Mavericks and +240 for underdog Magic. Now, if you want to bet on Mavericks, you must bet $280 to win $100. But on Magic, you must bet $100 to win $240.
2. Spread bet
Basketball spread betting is the most popular and common type of bet in basketball that tries to equalize the winning chance of both teams in the basketball betting world. Also called a line bet, it is a form of handicap betting where an underdog team is given a head start while a favored team is given a handicap.
Let’s assume that the odds of a basketball match are given in the following way in a sportsbook:
Now, if you stake under spread bet for Mavericks, you will win the bet only if Mavericks can beat Magic by more than 5.5 points. Similarly, if you bet on Magic, you will win the bet if Magic wins the match and you will also win the bet if Magic loses the match with the difference of fewer than 5.5 points.
3. Over Under bet
Also known as Totals bet, under this bet, you must predict the total combined score of two teams. Don’t worry; you do not have to predict the exact score. To ease your prediction, a number is set by sportsbook and you just need to predict and bet on either over or under that set number.
To illustrate, let us assume that a set number for basketball over under betting is 190. Now, you must bet on whether the combined score will be more than 190 or less than 190.
4. Futures bet
A futures bet is the bet that you place predicting the future’s result before the bet is decided in the basketball betting market. You can bet on any kind of prediction like over/under, totals, etc. You can even bet on the winner of the next NBA Finals before the season starts.
You can make futures bet at any time before the season begins, mid-season, or during the series. But remember that the payout differs according to the time you place your bet. The earlier you put your bet, the higher payout you receive.
5. Parlays and Teasers
Under these bets, you must select two or more than two winning teams in different games. On Parlays, you can have a straight bet using Moneyline but on Teasers, a bet is made using point spread where you can adjust the spread in your favor.
As both of these are combined bets of different games, all of your selected teams must win for you to win any of these bets. If any of the team loses, you get $0.
The more teams you choose for parlays and teasers, the higher payout you get if you win. But the risk is equally higher.
6. Proposition bets
Proposition bets include almost all the other bets that do not fall in the above mentioned categories. A sportsbook may propose anything as a bet happening in the live basketball game. You can get varieties of prop bets while betting online.
The bet may be on anything like which team scores first or which player makes how many blocks. So, you see, there can be countless proposition bets.
Online basketball betting provides countless possibilities for bettors. After going through the above-explained betting options, you are all ready to get into the best online basketball betting site. In the sector of online basketball betting, Betbarter covers all the major basketball championships like NBA Finals, NCAA Basketball, etc. to college basketball betting.
Register today, choose any of the bets above, and bet to win more money. Remember that knowledge about players, teams, and sport itself is crucial for improving your winning chances in betting on any sport. Keep exploring the online sports betting world!
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