Betting on basketball is a thrilling way while supporting your favorite teams. From NBA,FIBA, PBA, MPBL, to college basketball, you can bet on various options. Join OKBET sportsbook and bet on the team that will help you win, whether underdog or favorites. Before steering up your betting activity, consider reading our guide to help you understand how to read odds, betting options, and anything in between.
Reading the Basketball Betting Odds Live
Reading basketball betting odds is an essential part of placing bets on basketball games. The odds show the likelihood of a particular outcome happening and the potential payout for a winning bet.
The odds can be displayed in two formats: American odds and decimal odds. American odds show the potential payout in relation to a $100 bet. A minus (-) sign indicates the favorite, while a plus (+) sign indicates the underdog. For example, if a team has odds of -200, a $100 bet would pay out $200 if the team wins. On the other hand, if a team has odds of +300, a $100 bet would pay out $300 if the team wins.
Decimal odds, on the other hand, show the potential payout for every $1 bet. For example, if a team has decimal odds of 2.00, a $1 bet would pay out $2 if the team wins.
Before placing a bet, understand the odds and how they relate to the potential payout.
Types of Basketball Betting Market
The basketball betting market refers to the various types of bets that can be placed on basketball games. This market offers a range of betting options for both professional and college basketball games, allowing bettors to choose the type of bet that suits their betting style and risk tolerance. Some of the most common types of bets in the basketball games includes the following:
Moneyline
Moneyline betting in basketball refers to a type of wager where the bettor simply picks which team will win the game outright, without the use of a point spread. The odds for each team will be represented as a positive or negative number, with a minus sign (-) indicating the favorite and a plus sign (+) indicating the underdog. The bettor wins the amount of their wager multiplied by the odds if they pick the winning team.
Two-way
Two-way betting in basketball refers to a type of wager that doesn't take into account the point spread, and the bettor only needs to pick the winning team. The difference between two-way betting and moneyline betting is that in two-way betting, the odds take into account the possibility of a tie or a push, while in moneyline betting ties or pushes result in a refund of the bet. In two-way betting, the odds for each team will be represented as a positive or negative number, with a minus sign (-) indicating the favorite and a plus sign (+) indicating the underdog. The bettor wins the amount of their wager multiplied by the odds if they pick the winning team.
Handicap or Point-Spread
Handicap or point-spread betting in basketball is a type of wager where the favorite team must win by a certain number of points for the bettor to win their wager. The favorite team is mark by a minus a sign (-) and the underdog by a plus sign (+) in front of a number, which represents the point spread. The bettor wins if they pick the winning team and the margin of victory covers the point spread. If the final score results in a tie or the margin of victory doesn't cover the spread, the bet is considered a push and the bettor gets their wager refunded. This type of betting is designed to level the playing field and make both teams equally attractive to bettors by giving the underdog a virtual head start.
Teaser
A teaser in basketball sports betting is a type of bet where the bettor can adjust the point spread in their favor by a certain number of points. This allows the bettor to combine multiple wagers into one ticket and receive more favorable point spreads on each wager. The catch is that the bettor must correctly pick the outcome of each wager in the teaser, and the odds for each wager are reduced compared to straight bets. Teasers are typically offered for NFL and NCAA football, but some sportsbooks may offer teasers for other sports including basketball. The specific number of points that can be added or subtracted from the spread and the number of games that can be included in a teaser vary by sportsbook.
Parlays / Multi-Bet
A parlay in basketball betting is a type of bet that combines multiple wagers into a single ticket. The bettor wins their parlay if they correctly pick the outcome of each wager included in the ticket. Parlays offer the potential for higher payouts compared to straight bets, but the catch is that all wagers included in the ticket must be correct for the bettor to win. If any wager loses, the entire ticket is lost. Parlays can include a variety of bets, such as moneyline bets, point spread bets, over/under bets, and more. The number of wagers that can be included in a parlay and the specific types of bets that can be included can vary by sportsbook.
Round Robin
A round robin in basketball betting is a type of bet that combines multiple parlays into a single ticket. The bettor chooses a certain number of teams and the sportsbook generates a series of parlays with different combinations of those teams. The bettor wins if they correctly pick the outcome of at least one of the parlays included in the ticket. Round robins are a way to spread out the risk of betting on multiple teams and increase the chances of winning, but the catch is that the odds for each parlay are reduced compared to straight bets. The number of teams that can be included in a round robin and the number of parlays generated can vary by sportsbook.
Quarter/Period
Quarter betting in basketball is a type of wager that focuses on the outcome of each quarter of a game rather than the outcome of the entire game. The bettor can place wagers on which team will be ahead at the end of a particular quarter, or if the score will be tied. The odds for each quarter will be represented as a positive or negative number, with a minus sign (-) indicating the favorite and a plus sign (+) indicating the underdog. The bettor wins the amount of their wager multiplied by the odds if they pick the correct outcome for each quarter. Quarter betting can offer a way to take advantage of in-game momentum shifts and provide a way to make wagers during the course of a game.
Halftime/Fulltime
Halftime and full-game betting in basketball refer to the outcome of a game at halftime and the outcome of the entire game, respectively. In halftime betting, the bettor can place wagers on which team will be ahead at halftime or if the score will be tied. The odds for each outcome will be represented as a positive or negative number, with a minus sign (-) indicating the favorite and a plus sign (+) indicating the underdog. The bettor wins the amount of their wager multiplied by the odds if they pick the correct outcome. In full-game betting, the bettor can place wagers on the outcome of the entire game, such as which team will win, the point spread, over/under, and other types of bets. The odds and payouts will depend on the specific type of bet and the sportsbook offering the wager. Halftime and full-game betting can provide opportunities to take advantage of in-game momentum shifts and make wagers during the course of a game.
Odd/Even
Odd/Even betting in basketball is a type of wager that focuses on the total number of points scored in a game. The bettor can place wagers on whether the total score will be an odd or even number. The odds for each outcome will be represented as a positive or negative number, with a minus sign (-) indicating the favorite and a plus sign (+) indicating the underdog. The bettor wins the amount of their wager multiplied by the odds if they pick the correct outcome. Odd/Even betting can provide a simple way to make wagers on a game without having to worry about the specific outcome or margin of victory.
Race
Race betting in basketball is a type of live betting that allows the bettor to place wagers on the current score of a game and which team will be ahead at various intervals throughout the game. The odds for each interval are updated in real-time based on the current score, and the bettor can place wagers at any point during the game. Race betting can provide an exciting way to make wagers during the course of a game and take advantage of in-game momentum shifts. However, the odds for each interval will be updated in real-time and can change quickly based on the action on the court, so it's important to keep track of the current score and odds.
Proposition Bets
Proposition bets, also known as prop bets, in basketball betting are wagers on specific events or milestones that may occur during a game, such as the first team to score, the total number of points scored by a specific player, the total number of three-pointers made, and more. Prop bets offer a way to make wagers on specific aspects of a game, and the odds and payouts for each prop bet will depend on the sportsbook offering the wager. Prop bets can be a fun way to add excitement to a game, but it's important to keep in mind that the outcome of prop bets can be influenced by a variety of factors and may not always be easy to predict.
Special Player Bets
Special player bets in basketball betting are wagers on the performance of specific players during a game, such as the total number of points scored, the total number of rebounds, the total number of assists, and more. These types of bets allow the bettor to focus on individual player performance rather than the outcome of the game as a whole. The odds and payouts for each player bet will depend on the sportsbook offering the wager and the player's current form and recent performance. Special player bets can be a way to take advantage of a player's strong performance or recent hot streak, but it's important to consider factors such as injury, matchups, and recent performance when making a player bet.
Last Digit Point Combination
Last digit point combination or ending betting in basketball is a type of wager that focuses on the final digit of the total score of a game. The bettor can place wagers on which combination of last digits the total score will end with. For example, if the score is 123-121, the last digit combination would be "3-1". The odds for each combination will be represented as a positive or negative number, with a minus sign (-) indicating the favorite and a plus sign (+) indicating the underdog. The bettor wins the amount of their wager multiplied by the odds if they pick the correct combination. Last digit point combination betting can provide a simple way to make wagers on a game without having to worry about the specific outcome or margin of victory.
Basketball Betting Tips, Analysis, Picks, and Predictions
Our basketball betting tips, analysis, picks, and predictions involves in breaking down key metrics, advices, and data to inform all the bettors before betting on basketball matches.
Frequently Asked Questions
Odds represent the probability of on occuring events and the potential payout for a successful wager. They are typically expressed in a numerical format, such as 1-to-3 or +150, and are used by sportsbooks to set the terms for wagers. The odds are determined based on various factors, such as the strength of the teams or players involved, recent performance, historical data, and more. Sportsbooks will analyze this information and set the odds to try to balance the amount of money bet on both sides of a wager and generate a profit regardless of the outcome.
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These are some of the most common types of bets you can make on a basketball game, but different sportsbooks may offer various options, so be sure to check with your chosen sportsbook for the specific types of bets available.
Yes, you can bet on live basketball games, also known as “in-game betting” or “live betting”. Live betting allows you to place bets on a basketball game as it is being played. Check the regulations in your area before placing a live bet on a basketball game.
