There are numerous sports options available at online bookmakers, and basketball stands out as a popular choice.
Whether you are a football, tennis, horse racing or Formula 1 enthusiast, the world of online betting offers a wide range of possibilities. Among these options, basketball has gained a special place in the hearts of bettors.
Basketball not only enchants with its electrifying matches and unpredictable endings, but also stands out as an exciting and promising modality in the sports betting market. With the global influence of renowned leagues such as the NBA, basketball has become one of the most sought after choices for those who want to combine excitement and strategy in betting.
In this article, we’ve gathered all the relevant information about basketball betting. Whether you want to improve your skills, understand the most common types of bets, or explore the opportunities offered by this growing market, keep reading. Here, you’ll find all the information you need to become a basketball betting expert!
The Online Basketball Betting Market
The sports betting sector is one of the fastest growing in the entertainment industry, generating billions of dollars annually. In this scenario, basketball occupies a privileged position, competing with other big sports such as football and tennis.
According to data from Eurohoops, basketball betting has attracted a significant audience due to the dynamic nature of the games and the diverse betting options available, such as point totals, quarter results and individual performance.
The NBA is arguably the biggest driver of this market. With global broadcasts, big stars and action-packed games, the American league leads the way in betting volume. In 2023, online betting in the United States reached $80 billion, with more than half of that coming from NBA bets. However, European leagues and international tournaments also contribute significantly.
Bob Voulgaris is a successful sports betting expert, especially in basketball. Through advanced statistical analysis, he has developed models that have helped him identify patterns and trends in NBA games, giving him a competitive edge over bookmakers.
His method was so effective that bookmakers had to adjust their odds to minimize losses from his successful bets. Voulgaris's success in betting led to him being hired by the Dallas Mavericks, an NBA team, to apply his statistical knowledge to analyzing player performance and game strategies.
Basketball Betting – Understanding the Odds
Odds (or “odds” in Portuguese) represent the chances of a specific event happening at bookmakers. They indicate both the probability of an outcome and the possible financial return if the bet is successful.
There are three main odds formats:
Decimal odds:
Example: 2.50
In this format, the odds show the amount you will win for each unit bet. At odds of 2.50, you would receive R$2.50 in total for every R$1 bet (including the initial bet amount).
Calculation: 1 x 2.50 = R$ 2.50 (R$ 1 profit + R$ 1 bet).
Fractional Odds:
Example: 5/1 (read “five to one”).
In this format, the odds indicate how much you will win in relation to your bet. If the odds are 5/1, for every R$1 bet, you would receive R$5 in profit, in addition to receiving back the amount of your initial bet.
Calculation: (5 x 1) = R$5 (profit) + R$1 (initial bet) = R$6 in total.
American Odds (Moneyline):
Example: +200 (for betting on underdogs) or -150 (for betting on favorites).
Positive odds (+200) indicate the amount you can win with a bet of R$100. Negative odds (-150) show how much you need to bet to win R$100.
Calculation with positive odds: A R$100 bet on +200 would pay R$200 in profit.
Calculation with negative odds: A bet of R$150 at -150 would pay R$100 in profit.
These formats are essential for calculating the possible winnings from bets, helping you choose the best investment options. The lower the odds (i.e., the more negative they are), the greater the probability of the event occurring, and vice versa.
How Basketball Betting Works
Betting on basketball can be as simple or complex as the bettor prefers. Below are some of the main types of bets available:
Moneyline: Bet on the winning team.
Spread: Bet based on an advantage attributed by bookmakers.
Totals (Over/Under): Predict whether the total points will be over or under a given value.
Props: Specific bets, such as a player's performance.
Live Betting: Bet in real time during games.
Here are some more tips to get you started with basketball betting:
Study the different types of basketball bets, such as point bets, handicap bets, totals (over/under), and winner bets. This will help you choose the best options for your strategy.
Focus on the leagues and teams you know well to increase your chances of success. This will allow you to better understand the teams’ playing styles and characteristics.
Keep an eye out for injuries and suspensions that could affect a team or player's performance. Keep up to date with the news before placing your bets.
Keep track of odds changes, which can happen quickly based on new information. Place your bets when you find the best possible value.
Avoid following the crowd and make informed decisions based on analysis and data, not popular trends.
Be disciplined in your betting, even in losing streaks. Consistency and discipline are often more profitable in the long run.
Top 10 Online Basketball Betting Platforms
Below, we’ve outlined the best basketball betting platform options, detailing their unique features and benefits.
1. BetPanda
Online betting platform BetPanda offers a wide range of options for basketball bettors, including live betting and scheduled events. In the dedicated basketball section, games can be filtered by league, popularity and date for an easier choice between major competitions such as the NBA, Euroleague and national leagues.
BetPanda stands out for its focus on security and anonymity. The platform offers an exclusive, fully encrypted VPN service to protect players’ personal and financial data.
Additionally, BetPanda online casino is licensed and regulated by the government of Curacao, attracting players with bonuses and promotions, including a 100% welcome bonus (up to 1 BTC) and a loyalty program for regular bettors.
Competitive odds.
Live betting with real-time updates.
Welcome bonus for new players.
2. CoinCasino
Coincasino offers a comprehensive platform that includes sports betting, with a focus on basketball. With an intuitive, mobile-friendly interface, it provides a smooth user experience, allowing bettors to easily access their desired markets.
The platform offers a variety of payment methods, including several cryptocurrencies and traditional options such as credit cards and bank transfers, while also ensuring competitive and up-to-date odds.
While it does not offer dedicated mobile apps, the Coincasino website is fully responsive, allowing users to place bets efficiently on any device.
Competitive odds.
Live betting with real-time updates.
Payment methods with multiple cryptocurrencies.
3. Lucky Block
Lucky Block is a renowned platform in the world of cryptocurrency gaming, recently expanding into sports betting, including basketball. With over 35 sports markets, the platform offers a wide range of options for bettors, including live betting on basketball and other sports.
Lucky Block uses its own token, $LBLOCK, offering exclusive benefits such as a VIP program and airdrops for users. In addition, it allows betting with various cryptocurrencies and payments by credit card or bank transfer.
The platform has professional odds services, such as Betradar, guaranteeing competitive odds for basketball bettors, both in pre-game and live bets.
Despite the lack of dedicated mobile apps, the Lucky Block website is mobile-friendly to suit the needs of users.
Accepts multiple payment methods including cryptocurrencies.
Offers frequent promotions and cashback.
24/7 customer support.
4. BC.Game
BC.Game is an online gambling platform that offers a wide range of casino games and sports betting, including basketball. With extensive coverage of global leagues and daily bonuses, the platform aims to cater to a variety of player profiles, offering a versatile and engaging experience.
Users can place pre-match and live bets, taking advantage of competitive odds and an intuitive interface. For basketball fans, BC.Game offers a variety of betting options, such as results, points and player performance.
A unique feature of BC.Game is the acceptance of PIX as a payment method, ensuring efficient and secure transactions for users.
Extensive coverage of global leagues.
Daily bonuses.
Easy to navigate interface.
Accepts PIX.
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