Basketball Betting & Basketball Odds Online
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.
After the Los Angeles Lakers hoisted the Larry O’Brien trophy at the end of the 2020 campaign, LeBron James and company have their sights set on repeating in 2021. The Lakers are a franchise to be reckoned with considering the formidable combination of LeBron James and Anthony Davis helping the squad return to its former glory days. But with the Miami Heat making their surprise run to join them in last year's finals, we know that every NBA season holds new surprises and upsets, which is great news for sportsbooks and basketball betting fans.
Stay current on all the best basketball odds, including:
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.
BetMGM offers 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 championship, EuroLeague, NBA crown, or WNBA title, we’ve got you covered. Register now and stake your claim on the thrilling betting action.
Basketball Betting FAQs
1. How to bet on basketball
The basketball season offers bettors many opportunities to place wagers. There are various ways in which you can bet on basketball, including moneyline bets, parlays, halftime betting, and futures.
- Moneyline – This is the most common and simple basketball bet. On the moneyline, you bet on a certain team to win the game.
- Over/under (totals) – Essentially betting on the combined score for each team. The sportsbook casino 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 – This wager allows you to combine all your bets to increase your payout. However, in order to win, all your selections need to be correct.
- Teasers - Similar to a parlay in which two or more events are selected, and all must win for the betting slip to be a winner, teasers enable bettors to move a point spread or over/under between 4 and 10 points depending on the sport. Because moving the line is advantageous for the bettor, payouts are smaller compared to traditional parlays.
- Futures and outrights – Another popular market where you bet on the championship winner, conference winners, division winners, and MVPs.
2. What is the 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 game’s outcome for the purpose of the bet.
For instance, let’s say the Los Angeles Lakers are the favorite at -7.5 points, and the Chicago Bulls, at +7.5, are the underdogs. Los Angeles must win by 8 points or more for you to win your bet, and Chicago must lose by 7 points or fewer for you to collect your winnings.
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.
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.
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 win $100 on Celtics or bet $100 to win $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 game’s total score 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 the under wins if it is lower than 190.5. Sometimes a sportsbook casino might present the odds with the (-) and (+) signs to present the teams' probability, how much you need to wager, and how much to expect in return.
6. How to read basketball lines
Reading basketball 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 bettor 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.