Basketball is one of the most popular sports that is played and watched in the United States, with the NBA (National Basketball Association) being the preeminent league to watch and bet on.
Although it might appear that American basketball and their leagues dominate the landscape and commandeer the most hype and attention, basketball is becoming an increasingly popular sport around the world, with growing fan bases stretching from traditional basketball strongholds such as New York all the way down south to the shores of New Zealand.
If you’re a fan of watching basketball or loyally follow a specific NBA team and want to add an extra edge of excitement to the next game you watch by placing a bet, we have some great advice on how to get started with eSports betting Australia sites.
If you’re reading this, we can safely assume that you have a strong interest in basketball, already have a favourite team or are fairly knowledgeable about with the NBA. You probably already have an idea of which team you want to place your first wager on. Before you make your first bet you need to make sure that you understand the different types of betting wagers available to you. Knowing the difference between the different types is almost as important as knowing which team you want to bet on.
Understanding the odds makes it easier for bettors to decide which betting strategy to use and experienced punters know exactly how to handicap a game and then bet it, precisely the way the want to.
The most common forms of wagers include point spreads and moneylines.
A moneyline bet is a wager on who the winner of the game will be without the point spread. This type of wager is made using odds, where the discrepancy between the two teams is reflected in the “price” of each team. This means that players will be expected to risk considerably more than they stand to win from a favourable outcome.
Point spreads are arguably the most common form of wager in basketball. In terms of a betting perspective, point spreads help level the playing field between two teams that aren’t evenly matched. For example, if Team A with a home advantage is likely to beat Team B, the spread line will look something like this: Team A -7.5 Team B +7.5. The discrepancy between the two teams is made up of points handicapped.
A parlay or teaser wager is when a bettor chooses two or more basketball sides and correctly predicts the winners of two or more games. All basketball sides that are selected must win in order for the bet to be successful. The more basketball sides the bettor includes in the parlay, the more the payout potential increases. Parlays are often referred to as exotic bets and the chance of an increased payout obviously comes with a greater level of associated risk.
Totals are also referred to as over/under bets. A total is the predicted combined score that two teams will make which is typically set by the bookmaker. In a total or over/under wager, the bettors can bet on whether more than the predicted total of points will be scored (over), or whether the actual combined total of points scored will be less than the number predicted (under).