A Guide to the Best Basketball Betting Sites Online

When it comes to the U.S. sports portfolio, basketball is one of the most prominent games played in the country. Considering the popularity of basketball, sports bring tremendous betting opportunities as well. Online basketball betting sites and bettors tend to collect a substantial amount of money through betting on various events. This detailed article focuses on providing all the valuable information that will help you start basketball betting or become good at it.
Best Basketball Betting Sites
Draftkings Sportsbook

DraftKings Sportsbook Online Review

$1000

$25 Sign up bonus
20% Up to $500 Deposit Bonus
Review
FanDuel Sportsbook

FanDuel Sportsbook Review & Bonus Code 2021

$5 risk free bet

Return to Sports Promo
Multi-Sport Parlay Insurance
Home Run Challenge
Review
Fox Bet Sportsbook

Fox Bet Sportsbook

$500 risk free bet

Saturday Super Boost
Weekly Free Bet
Late Game Insurance
Review

Top Sportsbooks to Bet on the Basketball

The journey of betting on basketball online starts with selecting the right platform. There are many websites and apps available in the USA. But it is up to you to assess various factors and select the best among them. Below are some of the best real money basketball betting sites that also offer mobile apps:

Websites Bonus Minimum Deposit Wagering Requirements Promo Code
DraftKings 100% deposit match up to $100 $5 25x rollover None
FanDuel Risk-free bet of up to $1000 $10 1x rollover None
PointsBet Deposit $50 and get $150

Deposit $150 and get $300

Deposit $250 and get $500

$5 None BONUSNOW
SugarHouse 100% deposit match of up to $250 $10 1x rollover Play 250
Caesars $10 no deposit bonus.

100% deposit match of up to $300

$10 25x rollover BETFREE10
BetMGM 100% deposit match of up to $500.

A risk-free bonus of  $10

$25 PLAYBONUS
Golden Nugget 100% deposit match of up to $1500.

 

No deposit bonus of $10

$10 Only on straight wagers None
William Hill Risk-Free Bet of Up $500 $10 15x None

States Where Basketball Betting Sites Are Available

Below are the states that allow you to bet on individual basketball games online and at retail sportsbook:

  • Indiana
  • Arkansas
  • Illinois
  • Delaware
  • Colorado
  • Indiana
  • Iowa
  • Mississippi
  • Michigan
  • Nevada
  • Montana
  • New Jersey
  • New Hampshire
  • New York
  • Oregon,
  • New Mexico
  • Rhode Island
  • Pennsylvania
  • Washington, D.C.
  • West Virginia

Types Of Wagering Options In Basketball Games

Sports leagues offer different markets that determine betting profitability. Here are the following markets that are available at top basketball betting apps and websites:

  • Total Bets

This is also known as over/under bets. In this, the sportsbooks determine points that will be scored combined by both the teams. And you have to predict whether the actual points collected by the two teams are below or above the sportsbook points.

  • Moneyline Bets

This is among the straightforward bets that are popular among the new bettors. In this, you have to predict which team will win. The area where Moneyline gets a little bit confusing is how they are paid out. Sportsbook in money line betting offers different payouts for favorites and underdogs, offering the latter more value.

  • Future Bets

When you wager on basketball futures markets, you place your money on events that will happen in the distant future. For instance, you can bet on the team which will win the championship, the players who will be scoring the most points at the end of the series, etc.

  • Parlay

This type of bet allows you to make multiple individual bets and combine them together to make a single bet. Considering the more number of bets, the payout of this type of bets are substantial. But it also comes with greater risk because to win parlay all your bets should be correct. If you lose one bet, you will end up losing all your money.

Basketball Championship Odds

When you are learning how to bet on basketball, one of the primary factors that you should learn to understand is the odds. Sportsbooks create odds to show the winning probabilities of the teams. These show how much the teams are favoured, and based on the same, you can make your decisions. Here is an example of NBA betting odds for better understanding:

Teams Basketball Basketball Odds
Charlotte Hornets 500/1
New York Knicks 300/1
Cleveland Cavaliers 300/1
Detroit Pistons 300/1
Minnesota Timberwolves 200/1
Sacramento Kings 200/1
San Antonio Spurs 200/1
Orlando Magic 200/1
Atlanta Hawks 100/1
Chicago Bulls 100/1
Washington Wizards 100/1
Memphis Grizzlies 100/1
Indiana Pacers 100/1
Oklahoma City Thunder 60/1
Phoenix Suns 60/1
New Orleans Pelicans 60/1
Utah Jazz 40/1
Portland Trailblazers 40/1
Dallas Mavericks 40/1
Philadelphia 76ers 30/1
Houston Rockets 25/1
Toronto Raptors 25/1
Denver Nuggets 20/1
Miami Heat 14/1
Brooklyn Nets 10/1
Golden State Warriors 8/1
Boston Celtics 12/1
Milwaukee Bucks 13/2 (+650)
Los Angeles Clippers 5/1
Los Angeles Lakers 7/2 (+350)

Main Leagues In Basketball In The US

Following are the main leagues in the US where you can bet:

  • National Basketball Association or NBA

The NBA is a professional league in America dedicated to men. It encompasses 30 teams – 29 teams from the USA and one from Canada. The NBA is reckoned as the premier professional men’s league in the world. It was founded in 1946 with the name Basketball Association of America (BAA). Later in 1949, BAA was changed to NBA after merging with the National Basketball League.

  • College Basketball

It is also referred to as NCAA basketball. College basketball organizes competition between colleges and universities that are affiliated within America. Players who participate in college leagues are often seen playing in the professional leagues in the future. The league is divided into divisions depending on the size of the conferences and schools.

  • International Basketball Leagues

When you have to bet on games that go beyond the borders of the United States of America. International basketball leagues have expanded in popularity especially with NBA Players moving overseas. This provides American bettors with the opportunity to bet on multiple events including:

  • Basketball Super League: Turkey
  • VTB United League: Russia
  • Lega Basket Series A: Italy
  • Liga ACB: Spain
  • EuroCup
  • EuroLeague

Best Basketball Betting Tips

Basketball includes fast-moving games where you can expect to see many twists and turns. And if you have just started out, you would want to know how to bet on basketball and win. When it comes to betting, you have to understand that there is no definite basketball betting formula that will guarantee your rewards. But here are some effective tips that will help make mindful betting decisions:

  • Check the Schedule of the Team

Fatigues play important factors that determine the success of teams in a match. During a season, teams play a lot of matches; sometimes they play multiple games in a single week. When building a basketball betting strategy, look at how packed the schedule is of the team. Teams that are playing back-to-back matches are likely to be tired, and this will impact their performance.

  • Focus On the Moving Lines

One of the smartest ways to take up a dominating approach to sports betting is to identify the experts who are practical geniuses at it. If you witness a line moving in a single direction once the public has wagered heavily on the opposite side, this means that the experts are taking advantage of new bettors. Inexperienced bettors often bet with heart in the game instead of their head. Remember that you do not have to wait for these experts to start the betting line to jump on the possibilities created by the public.

  • Home Underdogs

Teams do not like to lose at the home grounds and in front of the fans. They are strongly encouraged to cover the spread when they are considered as big underdogs. There is an emotional desire to impress their fans, so the teams tend to play more strategically. And, a lot of the time the other teams tend to let off when they have got the lead. They will position in second-stringers and rest the big names as winning is the end-game irrespective of the points.

  • Pick The Games Carefully

Oddsmakers are experienced in what they do. Primarily the lines that they put out are going to be precise and will make it challenging for you to find the value. But that does not imply that there is no value. When there are lots of matches going on, you can more easily find lines with mistakes. Sportsbook spends less time setting the lines when there are lots of smaller games at a short time interval.

Minnesota Pauses Team Activities of Its Men’s Basketball Due To COVID-19

The Minnesota team has stopped all the team activities due to the coronavirus.

The spokesperson of the team Karl Anderson said that the University of Minnesota had paused its men’s team activities including practices and workouts due to impact of COVID-19. The team will resume activities once all the safety precautions are done, and the team is cleared to get back.

On November 25, 2020, the Gophers have a match with UW-Green Bay, which also marks the season-opening. According to the guidelines of NCAA, the coaches, players, and staff have to undergo a mandatory quarantine of 14 days.

As per the Star Tribune, it has been a week since the team has practised. And, there has been no announcement of cases within the team.

The governor of Minnesota Tim Walz made an announcement that all restaurants and bars should be closed at 10:00 pm to curb the virus spread. The government also reduced the number of people attending weddings and funerals post a record-breaking increase in the number of cases in the state.

The Mountain West Conference is making some changes to both men and women basketball seasons that focus on reducing travel due to the pandemic. It will play 20 games over the course of 11 weeks with teams playing in a two-game series with a one-day break between the games.

Each school will have five home and road seasons. This reduces the standard travel schedule by a month. The league will start playing in December and conclude its season in February last week. The new adjustments offer flexibility throughout the season to reschedule games due to COVID-19 outbreaks.

Final Thoughts

Basketball is one of the most popular and highest revenue-generating sports in the world. Along with sports fans, bettors also eagerly wait for various events. And when you choose legal basketball betting sites, you get the opportunity to place bets on events that are organized internally.

Frequently Asked Questions

Where can I bet on basketball online in the U.S.?

There are many licensed and regulated websites that allow desktop or mobile basketball betting. Some of the best sites include DraftKings, PointsBet, FanDuel, SugarHouse, Caesars, William Hill, etc.

What is the main factor to consider while betting on basketball?

The most important thing to consider when betting is to be well-informed. Stay updated with the schedule of the teams, a form of the players, injuries, controversies, etc.

What does R.L. mean in betting basketball?

Run Line subtracts or adds runs from the final score of a game to give bettors different gambling options. The basketball betting lines are decided by the spread, which is generally set +1.5 runs for the underdog.

What does the spread mean in basketball?

The point spread, which is also known as the spread or the line, is considered as the margin to handicap the team, which is favourite. For gambling purposes, the sportsbook forecast that the team which is favoured will win by a particular number of points.

How do prop bets work in basketball betting?

Prop bets or proposition betting allows you to place on certain occurrences in a match. These are especially popular in games like NBA playoffs, NCAA finals, etc.
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