The NBA is followed by hundreds of millions of people around the world that enjoy the constant action and the artistry. The popularity of the league makes the NBA one of the most-valuable sports league in the world bringing in $8.3 billion in revenue last season.
It’s a huge industry, so it’s not a surprise that there are fans that are just as interested in predicting the outcome of games as they are enjoying the game itself.
How to understand NBA betting terminology
However, before you begin betting on the NBA, you must have a good understanding of NBA betting odds.
There is no doubt the format of the games in the NBA combine well with gambling and you only have to look at the selection of NBA odds at Betmgm sports Indiana to understand the wealth of basketball betting options available today.
We begin by taking a look at one of the most popular betting odds for NBA, the point spread. The odds are created to try and give each team a 50/50 chance of winning the game regardless of their ability and form going into the contest. This is done by creating odds that take away points from the favorite to win the game, like in the example when the Phoenix Suns schedule shows that they’re playing the Brooklyn Nets on February 16, 2021.
So, if you bet on the Nets to win the game, the bet will only be successful if the Nets win by at least 9 points. If you back the Suns, the bet will be successful if they win, or if they lose by 8 points or less. Moving to the -110 figure, and regardless of which team you back, a wager of $110 will see a profit of $100 if your bet is successful.
Understanding NBA totals betting
Next, we come to NBA totals betting. This involves having a wager on the total amount of points in the game. You must predict the total number of points for both teams combined and the bookmaker will provide an under and over total, like in the example below.
198.5 is the expected number of points predicted by this sportsbook and you can go either over or under that number when making a wager. As you can see from the -110 figure, regardless of whether you go over or under, you will win $100 from a $110 wager if successful.
Understanding the NBA money line
Finally, we come to perhaps the easiest NBA odds to understand for beginners, the moneyline. This is a basic wager on the team you believe will win the game. However, in contrast to the NBA odds highlighted above, the odds vary on the moneyline and tend to favor one team. The team considered the favorite by the sportsbook will have the lower odds, while the outsider will have the higher odds.
Looking at the example above, you could wager $100 on the Phoenix Suns to win and if successful, claim $280 profit. However, you would have to wager $300 on the Nets to win to make $100 profit. You may have noticed from all three sets of NBA odds, the sportsbook will always provide odds relative to $100 but you can wager any amount you wish.
Different types of bets aren’t limited to just specific team results, they can also reflect in game stats as well as player based outcomes.