The best basketball sportsbooks online also happen to be among the best football sportsbooks. The reason? Because the sites realize that enthusiastic sports bettors are often interested in betting on other sporting events. So, while you might want to bet on the next Cavaliers/Heat game, there’s a good chance you’ll want to bet on football, baseball, and UFC matches down the road.
Top Online Sportsbetting Basketball Sites
On this page, we’ll briefly explain the basics of basketball betting, so you’ll have the background you need to start placing wagers. You’ll also learn about money management. This is one of the most important areas to master, and poses one of the deepest pits into which sports bettors fall. Those who consistently turn in profitable months at the best sportsbooks for basketball are proficient at managing their bankroll.
Basics Of Betting On Basketball
Most bets on basketball games are identical to the wagers you can make when betting on football. These include moneyline bets, over/unders (i.e. totals), and parlays and teasers. Moneyline wagers reflect the sports betting odds on any given game by presenting numbers for the favorite and underdog. Here’s an example:
Portland Trail Blazers -180
Utah Jazz +140
The team displayed with the negative number is always the favorite. In the above match-up, you would need to bet $180 on the Blazers to win $100, and $100 on the Jazz to win $140.
Totals are bets made on whether the combined points of both teams is over or under a displayed number. Parlays are exotic bets in which you’re wagering on multiple games. If every game on your parlay wins, you win the wager. If even one game loses, you lose the wager. Teasers are similar to parlays. The difference is that the point spread on teasers is moved in your direction.
With parlays, a small bet can turn into a large payout. With teasers, the bet/payout ratio can be even more dramatic since you’re receiving more points. Some sport bettors think of teasers as supercharged parlays.
Other bets that are popular with basketball fans are half and quarter lines. You’ll find them offered at all of the best basketball sportsbooks. These wagers are essentially the same as betting on the game’s point spread. The difference is that you can do it by quarter and half. This is possible with basketball because the sport tends to be fast-paced and high-scoring.
One side note about betting on basketball games: watch the injured lists. In football, losing a player to an injury is bad, but rarely devastating for the team. Same with betting on baseball. Basketball is different. The sport is dominated by key players. Hence, knowing that Ray Allen, Kobe Bryant, or Ron Artest is unexpectedly knocked out of a match due to injury can be valuable.
How To Manage Your Money At The Best Basketball Sportsbooks
Don’t expect to make a bundle on one or two Hail Mary picks. Making money while betting on basketball is a grind as much as it is with any sport. Your bankroll grows from making a series of smart wagers over time that produce small profits. This is the reason money management is so important.
First, avoid betting a large percentage of your bankroll on a single event. A general rule is to keep your individual bets under 2 percent of your roll. Some money management systems, such as the Kelly Criterion, use a complex formula that can push the wager amount to near 4 percent. Other systems push it even higher. Until you learn these systems, stick with 2 percent.
Second, register accounts at multiple sportsbooks (start with the top-rated gambling sites on our list). The lines and point spreads will vary between them. Before you place your wagers, check each site to make sure you’re taking advantage of the best odds.
Third, don’t chase lost profits. It’s an easy trap to fall into when you’re on a losing streak. When you’re in a hole, the temptation to make up your losses on a single bet will be strong. Resist it. You’re more likely to dig a deeper hole.
The Best Basketball Sportsbooks Online
Each of the sites on our list are among the titans of the sports betting industry. They have been in operation for a long time; they have attracted hundreds of thousands of sports bettors; and they each maintain top-notch customer support. Earlier, we recommended that you register an account at more than one sportsbook so you can compare the point spreads on any given game. The better the odds, the more you’ll profit over the long run. Remember, profitably betting on basketball is a marathon, not a sprint. Start with the following sites:
- Bovada Sportsbook – (formerly known as Bodog) Bovada operates one of the oldest online sportbooks in the industry. They are popular because they have continued to meet the needs of their members. Besides being able to bet on major sports, such as basketball, football, and baseball, you’ll be able to do so on MMA, cricket, golf, and even darts. You’ll find a full menu of betting options, including moneyline bets, totals, parlays and teasers, spreads, and live betting. Check out our Bovada Sportsbook Page for more information.
Betting on basketball is similar to betting on most major sporting events. Doing well over the long run takes discipline and the willingness to gather information about the teams and players. You can also get in on fantasy basketball action for a daily dose of betting before betting on an entire season. Register accounts at Bovada and Betonline to get started.