BetMGM is camped in the paint, offering exciting odds and betting specials on all the basketball action! Whether you’re new to basketball betting or a returning veteran looking to brush up, there is a ton of action and plenty of opportunities for you to place your bets, in your preferred betting style.
We offer some of the best odds on all major basketball leagues. So, if you want to place your bet on who you think will walk away with the NCAA trophy, the European Champions Cup, or who will be crowned the new NBA Champions, we’ve got you covered.
After LeBron and his Lakers managed to hoist the NBA Championship trophy at the end of the 2020 season, we can only assume the momentum will help shape their start to the 2020-21 regular season. Be sure to keep an eye on the NBA news, rumors and betting odds as the season progresses, so that you don’t miss out on any basketball betting action.
The Lakers are finally looking like a team to be reckoned with again – the combination of LeBron James and Anthony Davis has already shown that they can get back to their former glory days. But with the Heat making their surprise run to join them in the finals, we know that every NBA season holds new surprises and upsets, which is great news for sportsbooks and basketball betting fans.
Remember to keep an eye on the following basketball betting factors, including:
League Champion: Every NBA season finishes with a champion. Bet on who you think it’s going to be.
Most Valuable Player: The award given to the best performing player of the regular season.
Rookie of the Year: The award given to the most valuable and talented rookie of the season.
Defensive Player of the Year: The most valuable defensive player.
PPG Leader: The award for the player with the highest average points per game throughout the season.
RPG Leader: The award for the player with the highest average rebounds per game in the season.
APG Leader: The award for the players with the highest average assists per game throughout the season.
WS Leader: The award for an individual player that has the most credit for team wins.
Place your bets with BetMGM. Our sportsbook offers a wide variety of basketball betting lines and specials for avid basketball bettors. Register now and stake your claim on the thrilling betting action.
Basketball Betting FAQs
1. How to bet on basketball?
The basketball season offers punters many opportunities to bet. There are a variety of ways in which you can bet on basketball, including moneyline bets, parlays, half-time betting, and futures.
- Moneyline – this is the most common and simple basketball bet. On the moneyline, you simply bet on a certain team to win the game.
- Over/under (totals) – essentially betting on the combined score for each team. The bookie will determine if the score will be over or under certain points.
- Bet the spread – betting on a particular margin of victory. You will need a team to win by a certain amount of points or more, or for a team to lose by a certain number of points or more for your bet to be successful.
- Halftime lines – a savvy bettor knows that halftime does not mean it’s time to change the channel. Instead, it’s time to take advantage of halftime lines which are available during halftime only. Here, you bet on an entirely new spread taking into account what happened in the first half of the game.
- Parlays – also known as teasers. This betting market allows you to combine all your bets to increase your payout. However, in order to win, all your selections need to be correct.
- Futures and outrights – another popular market where you bet on the championship winner, conference winners, division winners, and MVPs.
Our sports betting guide explains in further detail.
2. What is spread betting in basketball?
The spread or handicap is a betting market that bookies use to level the playing field. The handicap is often displayed as either (-) or (+) and is used to determine the outcome of the game for the purpose of the bet. For instance, the Lakers are the underdog at +7.5 points, and the Bulls, at -7.5, are the favorite. If you bet on the favorite, you will need to subtract 7.5 points from their final score to win your bet. However, if you bet on the underdog, you will need to add 7.5 points to their final score to win.
3. What is a moneyline bet in basketball?
Basketball moneyline betting is wagering on the winner of the game without the point spread. This is also considered straight betting as it is very straightforward. Moneyline wagers are made using odds to reflect the strength of the teams. So, if you wager on a team expected to win, you are required to risk more than you stand to lose.
For example, if the moneyline you want to bet on says something like: Toronto Raptors -200 and Utah Jazz +140, this means that if you bet on the Raptors to win, you need to bet $200 to win $100 because they are the favorite to win. If your money is on the Jazz to win, then you will need to wager $100 in order to win $140, which means you risk much less by betting on them because they are the underdogs (not expected to win).
4. How do odds work in basketball?
Odds in most sports betting come in three formats: American odds, fractional odds, and decimal odds. American odds are used mostly in the US and some parts of Canada, and are presented as whole numbers. These are most popular in football. Fractional odds come in fractions, like 10/1, 5/7, and decimal odds in decimals such as 2.0, 1.85, etc.
- American odds – the (-) sign is used to represent the favorite, while the (+) represents the underdog. If the odds are Celtics -110 and Mavericks +110, then it means you need to bet $110 to get $100 on Celtics or bet $100 to get $110 on the Mavericks. Both teams could also be +, but the team with the lower number is always the favorite.
- Fractional odds – the favorite is represented by the top number being smaller than the bottom number on either side of the fraction, and vice versa for the underdog.
Decimal odds – these odds show the total money your bet returns, including your initial stake and not just the profit. The underdog usually has odds greater than 2.0, and the favorite will have less. The odds for the draw are usually higher than 2.0.
5. How to bet over/under in basketball?
Over/under basketball bets are another simple betting market. Here, punters simply bet on whether the total score of the game will be over or under certain points set by the bookmaker. For instance, let’s say the Los Angeles Clippers are playing the Brooklyn Nets and the bookie sets a total of 190.5. If the total score is 191 points or more, the over wins, but if it is lower than 190.5, the under wins. Sometimes a sportsbook might present the odds with the (-) and (+) signs to present the probability of the teams, how much you need to wager, and how much to expect in return.
6. How to read basketball betting lines?
Reading basketball betting lines is easier than it looks. By definition, a betting line is a betting market where teams are handicapped by setting a margin to make the contest 50/50. There are many betting lines in basketball, including those we have already discussed — spread betting, moneylines, and totals. All you need to do is read through them and find the ones you’re most comfortable using. The first thing any punter needs to do is get a clear understanding of how these different bets work, because as you now know, there is more to it than simply betting on who you think will win the game.
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