Wednesday, September 10, 2014
An introduction to basketball betting
Of the major sports disciplines in the world, basketball is one of the easiest to learn how to bet on and possibly lead you to a massive win that could change your entire life around.
In fact, if you’re already familiar with betting on American football then you basically know everything about basketball betting already, since both sports use the point spread, over/under and money line methods to make bets.
If all that jargon is new for you, there’s no need to panic! In this article, we’ll explain the five types of basketball betting you’re most likely to encounter in a sportsbook, as well as how you can get started with betting on basketball online in no time.
The point spread
The most common method of betting on basketball matches is called the point spread, or a straight bet. With this method, the stronger team in a matchup is called the favourite, whereas the team expected to lose is called the underdog.
For betting purposes, the underdogs are given an amount of points that equalises their chances of winning the game with respect to the favourites, such that every bet carries 50/50 odds, whether you wager on one team or the other.
For example, if team A is considered superior to B and the book keepers decide to award 10 points to the underdog, then team A must win the match by 11 or more points for bettors who wagered on a team A win to win their bets. On the other hand, punters betting on team B will win their bets if team B manages to win the game or lose by nine points or less.
Betting totals or Over/under
The second most common method of betting on basketball is to bet totals, also known among punters as over/under.
Basically, the total is the predicted combined score of the two teams confronting each other on the court. Bookkeepers chose a total and bettors have to bet whether the actual total will be over or under the predicted total.
If a game between team A and B has a predicted total of 188 points, then bettors wagering an over bet would win their bet if the actual total combined score of the two teams was 189 points or greater. Conversely, bettors who bet under would win their bet if the actual combine score of the match was 187 or less.
Money lines used to be the most popular form of basketball betting before the point spread was invented. Although less common today, it money line betting is still an option that is offered by both physical and online sports books, so it worth learning how it works.
Money line wagers are the type classical bets which involves a different set of odds on the likelihood of each team winning the game. Unlike the point spread, there isn’t a 50-percent chance of winning and therefore the risk is considerably bigger when making money line bets.
The money line odds represent how much money the bettors have to risk in order to win $10 (if the team is the favourite) or else the amount that can be won by wagering $10 (if the team is the underdog).
Parlays and Teasers
An even less common, and decidedly more complex, form of wagers are parlays and teasers, which are also referred to by punters as exotic bets.
In these types of bets, the bettors must guess correctly the winners of two or more basketball games. When making parlays, the bettors have the option of betting against the point spread or making a money line bet on multiple games, while teasers allow players to use the point spread and even adjust the spread in their favour.
The catch with parlays and teasers is that every team on your bet must win or else the bet is considered a loss.
Betting on basketball games online
As you can see basketball betting is very simple to grasp and therefore it’s a perfect introduction to the exciting (and profitable!) world of sports betting.
But if you want to simplify your gambling life even further than why even bother going to a physical sportsbook to place your bet?
There are dozens of popular and reputable sportsbooks online, many of them associated with the biggest operators, such as William Hill, Bet365, Paddy Power and more. Most casino websites also offer sportsbooks alongside their typical offerings of slots and card games.
These websites let you open up a gaming account for free and even reward you generously for doing so! In fact, almost every operator has welcome packages for new players and you should keep your eyes skinned for the great promotions running all the year round.
What is so appealing about basketball isn’t just its simplicity and the fast-paced tempo of a match which ensures you know the outcome of your bet in a short time.
Indeed, basketball betting can be more profitable than other popular sports in the USA, such as football, because there are a greater number of matches played during the season, as well as hundreds of college games.
All this, combined with the relative ease with which you can master the different betting types, makes basketball an ideal sport for veterans and newcomers to bet on, and with the wide variety of online sportsbooks available, basketball bettors are simply spoilt for choice in the number of ways they can win money with their favourite sport!
About The Author
- Mark Deeks
"The brain behind ShamSports could have been featured in a number of these Twitter lists, but because his website often spends our entire working day lodged in one of our browser tabs we decided to take the boring route and place Mark amongst the professors. Deeks might be the funniest man you've never met, he does exhaustive work with the NBA's salary minutiae and transaction follow-ups, and he's a stone-cold must-follow. Stone-cold fox, too, ladies. Or, some gentlemen."