Conversely, that same $40 on a winning Celtics bet would give you a payout of $128 – your original $40 is returned, coupled with your loot of $88. If you were to place $40 on the Raptors and they won, you’d get a payout of $55.38 – your original $40 comes back along with the $15.38 you won. Betting odds will always be expressed with a plus sign (+) to designate the underdog and a minus sign (-) to represent the favorite.
Let’s start with the basics: basketball odds explained. FYI – sportsbook is the industry name for “betting site.” How To Read Basketball Odds
What Is The Best Way To Bet On Basketball?īefore we explain how to bet money on NBA games, you should familiarize yourself with how the NBA odds will be laid out on a sportsbook. Whether you’re heading to the betting market to place a wager on a regular-season game between the Oklahoma City Thunder and Memphis Grizzlies, or you want to know how to bet on the NBA Finals, we’ve got you covered with our online betting tutorial. We want to pass our knowledge on to you through this NBA betting guide so you can make smart hoops picks while learning how to bet on basketball and hopefully get you a few wins. Here at Odds Shark, we don’t like to toot our own horn – unless someone cuts us off on the highway – but we’re experts in the field of basketball betting.
