Basketball Betting Explained: Understand How To Bet On Basketball What are your favorite sports to place a wager on? Whatever it is, you should try wagering on a sport that makes it the easiest on you; lowering your risk.
Would you be surprised to heat that basketball is the simplest of the four major sports to bet on? Basketball is much like football in that the point spread for sides wagering and an under/over number is applicable to both sports.
Placing bets on basketball is very popular in the United States especially during the NCAA men’s tournament. Gambling on hoops comes on two major levels. These are the NCAA basketball betting (college basketball) and NBA basketball gambling. The NBA delights its fans every night plays throughout the winter until spring.
The NCAA season runs from October through the first week of April. March is when things get really crazy in college basketball with all the energy of the conference tournaments and the bracket busting, buzzer beating basketball of March Madness.
For the sake of those that love the game and also enjoy earning some money from it, you can see odds for basketball and use them in your favor while placing bets. Let’s take a look at the types of bets possible in basketball.
The Types of Bets and Basketball Odds
Let’s have a closer look at the three standing types of basketball betting that one can find at almost every sportsbook. We’ll start by trying to defining them and explaining how each work with the hopes of improving your betting chances.
Spread Gambling: This is termed the most popular type of gambling in basketball where a spread is set on every professional and college basketball match by sportsbooks. The number of points that are in favor of a team for defeating the other is called the spread. Let’s take the Los Angeles Lakers playing against the Chicago Bulls in an NBA game for example. If there is a 3.5 spread set at Los Angeles Lakers, this denotes that the Lakers are favorites to defeat the Bulls by 3.5 points.
So, when placing a bet here, you should either place it in advantage of the underdog or the favorite. Betting on the favorite means that the Lakers need to win by 4 before you can win. And if you place your bet on the underdogs, it means even if the Bulls lose by up to 3 points, your spread still guarantees you a win.
Moneyline Gambling: This kind of bet is not as common as the first example, but it is still an available option. Placing a moneyline bet in basketball means that one is betting on which team will win straight up. The number of points does not matter; all that counts here is a win. Though there are certain odds set on both teams to make the payout juicer or smaller – it’s just a matter of which team is in favour and by what amount of cash.
Over/Under Gambling: this kind of bet almost explains itself. There is a ‘total’ set for each and every game of basketball and you are meant to bet that the final outcome of the match will be under or over the set total.
With these bet kinds and odds in mind, one can enjoy the basketball game while making some money at the same time. Just make sure to look out for the major events and apply several betting strategies to ensure that the odds are used in your favor.