NBA
NBA Betting: Different Types Of Bets Explained
The NBA is the most popular sport to bet on but how do beginners get started? Here's every type of odds and bets explained
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The NBA is one of the most well-known sports leagues worldwide, not to mention the most popular sport to bet on. So, it shouldn’t come as a surprise if you develop interest not just in the sport itself but also in placing bets on your favorite team. Whatever your level of experience with betting, whether you’re entirely new to it or still getting the hang of it, worry not, as this article is here to explain the various types of bets you can place your wager on.
Before we plunge into the various betting types, you must know how to read NBA odds as it is an essential part of sports betting in general. Reading the odds will help you determine whether or not you’ll get a favorable return from a bet. Aside from paying attention, you might want to learn more about the team on which you’ve placed your bet and keep up with their matches.
These odds, often known as British odds, are one of the oldest forms and are among the most widely used by sports bettors. Based on its given name, fractional odds are displayed in a fractional form, but often it is alternatively displayed using a hyphen.
For example, 7/2 or 7-2. This means that for every two dollars wagered, you have the potential to earn seven dollars. Furthermore, it is called “odds against” if the numerator is greater than the denominator, which signifies that your potential profit will exceed the amount you wagered.
Well-known for its so-called continental or digital odds. These types of odds are slowly becoming the most common ones, as they are easy to understand. The decimal odds value is the maximum amount that may be won for each dollar wagered. The amount reflects the overall return, which includes your initial stake.
For example, the team you placed your wager on plays, and the odds are 3.00. If you wager a hundred dollars, you could get a potential return of three hundred dollars. Bear in mind that your initial wager is also included in your earnings so it would be a profit of two hundred dollars plus the one hundred dollars back.
As the name implies, these are the often used odds in the United States. They explain intuitively how much a bettor must wager to win a specified amount. Moreover, in American odds, symbols such as positive and negative are used to indicate the underdogs and the favorites.
When a negative symbol can be seen, you’re placing a wager on your favorite team, representing the minimum wager required to win—also, the greater the number, the higher your probability of winning. So, for instance, a “-200” favorite has a better shot at winning than a “-100”.
On the other hand, positive numbers suggest that you’re wagering on the underdogs. This indicates that as the number increases, the underdog becomes larger. This means a “+250” underdog has a higher chance of winning than a “+350” underdog.
Now that you’re familiar with the types of betting odds, as well as the idea of how different odds can be read, you can now jump into the different types of bets. Knowing what type of bet you want to place your wager on is essential as there’s a wide range of betting options available in NBA betting. So, sit back and read on.
A point spread is the most common type of wager betting enthusiasts bet on when it comes to NBA betting. In this betting type, a negative figure, let’s take -6.0, indicates that the team is favored by 6.0 points. While a positive figure of +6.0, for example, denotes the advantage granted to the underdog prior to the start of the game.
Initially popular in baseball betting, this betting in the NBA has grown in popularity, mainly when betting on underdogs. This indicates that the NBA team on which you placed your wager must win the match, not necessarily by a certain margin. Like a point spread, the value with a negative sign represents the favorite while the value with a positive sign represents the underdog.
This type of betting is determined by oddsmakers based on their estimation of how many points will be scored by both teams together in an NBA game. More precisely, it is a figure that online sportsbooks hope would drive an equal amount of wagers on the over or under.
An NBA game is divided into four twelve-minute quarters, and gamblers can wager on the first quarter and first half lines before the start of these games. These wagers are best characterized as a game within a game. The first quarter line allows you to determine who you believe will cover the spread after the first quarter.
Halftime lines are only available at halftime. Halftime lines take what happened in the first half into account to construct a whole different spread for the rest of the game. Consider the second half as an entirely different game, complete with a fresh spread for the game’s duration.
If you want to take your NBA fan experience to the next level, betting is the way to go to a more fun and exciting level. You have to remember the basics of NBA betting, especially how to read the odds and what type of wager you want. So without further ado, go ahead and bet away!
