If you are going to start betting on basketball matches then it’s best you understand the different type of basketball bets available – there are a lot! There are the standard bets such as Win, Place found in horse racing, but also unique bets specific to basketball, ie Most blocks in a game . In this article we will give you a quick overview on each bet so hopefully you can start punting on basketball and making a few bucks!
List of Basketball Bets Explained
The following are the most popular basketball bets across major Australian sports betting sites & sports betting apps.
Spread Bets
It is also known as the point spread bet. This type of bet focuses on how much they win rather than which team wins. For instance, the Golden State Warriors will play against Jordan Poole in an upcoming game.
Let’s suppose Gary Payton is a much better player than him and is likely to win the game by 8 points. So, you cannot bet on Jordan Poole because he will lose, and if you bet on Gary Payton, you will probably get odds of winning. The spread bets are placed in this situation. First, the betting website will decide how many points they think a team will win or lose. And then, they will allow you to bet based on which team will outperform that prediction.
Moneyline
Moneyline is the simplest and most common type of basketball bet. It is also known as the winning bet or win bet. In this, users have to predict who will win the game.
For instance, team A and team B will play. You place a Moneyline bet on Team B to win; if they win the game, you win. In other words, no matter how many points they score or how they won the game, only the winning team counts.
Keep in mind that users don’t get the same amount of money when they win in this betting method.
Total Bets
Total bets are also known as Over / Under bets which offer more value for your bet. In this type of betting, the bettors decide and fix a line on the total number of points they think will be scored by both teams. And then it depends on your option to choose and bet:
- If you think it will be more, you take the over.
- If you think it’s less, you take the under
For instance, according to sports betting, the total number of points scored in the game by teams A and B (both) will be 215. If you consider that the total points obtained in the game by both teams will be greater than 215, you opt for the over. Whereas, if you think it will be less than 215, you take the under.
Prop Bets
These bets involve betting on markets that do not necessarily have to do with the final score. These are focused on events during the game. For instance, you might get the option of betting that a certain player will or will not get more or less than three blocks in a game. Or, you might get the option to bet whether or not there will be a technical foul in a match.
The chances are quite endless when it comes to betting on basketball props. But, of course, it may depend on what the bookmaker wants to offer for that game.
Parlay
Parlay bets, also known as accumulators, includes gambling on two or more selections as part of the same bet. For instance, you select at least two basketball teams for this bet, and all of the chosen teams must win for you to get a payout. You can also add more teams to the parlay to get more payout.
Teaser Bets
The teaser bet, also known as a two-team teaser, is the same as a Parlay bet, but there is one major difference. Teaser bets only work with point totals and spreads, and any totals or spreads are shifted by a set number of points in your favor.
Best Scores
In this bet, you can predict which team will score the best in each game. You can easily bet on which ones need to get the highest score in the first, second, third, or fourth quarter. Then, you can select the team accordingly based on the strongest quarter.
Futures bet
In the futures bet you have to wager on something that will finish in the future after several games, events, or series. For instance, if you will bet on who you think would be the NBA champion, you would be betting on futures.
Most bets are based on the outcome of the single-game, where you get the result on the same day. However, futures is the opposite, where you get the result after the entire series or season is over and not on the same day you place the wager.
However, the odds you get for a correct pick will change depending on when you bet. The more certainty there is that this team will win, the lower the payout you will get.