Hoops Wagers: Familiarizing Basketball Betting Markets for Starters

Hoops Wagers: Familiarizing Basketball Betting Markets for Starters image

📖 Published on: March 13th, 2024

✍️ Updated: March 15th, 2024

⏳ 8 mins read


Basketball is a sport loved by many all over the world, and there is no denying that it also has one of the biggest markets when it comes to sports betting. This is why you should consider learning all about the basics and how you can come up with a win at the end of the day and make the most out of your wagers. But what should you learn in basketball betting?


Why Should You Consider Basketball Betting?


Basketball betting is a rewarding experience that you would not want to miss. With a lot of leagues to choose from, such as the NBA, the EuroLeague, the NBL, the CBA, and many more, you will have plenty of chances to win handsome rewards like no other, and this is why you should learn the basics and make the most of your chances. After all, basketball is a sport that is intense and takes time to finish, and with a lot of games at hand, you’ll never run out of options.


Why should you consider basketball betting image

From moneylines, point spreads, totals, and parlays, this comprehensive guide is something that can help you come up with the best wagers that will help you score big wins in the long run. I mean, won’t you enjoy watching the game more with big dollars waiting at the end of the day? The stakes are high for the playing teams and players, but what if the stakes are high on your end as well? Now that makes a game even more exciting. But fret not, this guide is going to gear you up with the best tools and knowledge about basketball betting! GambleSpot is gonna give you an advantage that you can use in betting on the hottest and fiery basketball games.


Learning About Basketball Betting Markets


Basketball betting has a lot of markets to offer just like any other sport out there, but what makes it fun to learn is that it is fairly easy and can even be absorbed on the fly. But don’t worry, we’re gonna make it easy for you to understand, so you can make the most of the chances in your basketball wagers.


Here are the big markets you should know when it comes to basketball betting:


Moneylines for Straight Results


Moneyline image


Basketball money lines clearly demand for bettors to pick the winner of the game. That is simply it. Outright betting on the team who will win in a given game is a huge risk but also yields big rewards in the end. There is usually a chance where money lines are set to favor the team with a better record or better roster depending on the players, which is why it is easy to just take a guess and see which teams are favored to win. Of course, betting on the underdog remains a sound option if you have a lot of faith in them.


Point Spreads for Fair Chances


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This is one of the best picks for odds markets in basketball. It levels the odds between the two playing teams, which would then indicate a difference in covering the spread for the playing teams. For instance, a favorite will have to win by more points than what was set in the spread, while the underdog simply has to win the game outright or lose the game but not more than what was set in the spread.


Over/Under on High-Risk and High Rewards


Over/under wagers are quite exciting and unpredictable at times as it means guessing for the total score for the game. Oddsmakers usually set a guess in every single matchup between two teams, and then they would set a predicted total number of points. What you would need to do is to just bet on the score if it goes over or under. That’s as simple as it gets, and you would need to come up with a guess that is as vague as it can be.

Stephen Curry Over/Under image


Parlays for Bigger Wins


Parlays image

Believe it or not, parlays are usually the biggest wins that you can’t imagine getting in betting on basketball games. This can be done by combining almost every single betting market into one big wager. For example, you would bet on three different games, and then each of them is a separate wager on their own, but if they all go according to your guess, then you would win a bigger reward at the end of the day. This can even be done across multiple sports leagues, not just basketball. It is even possible to bet parlays on different sports.


Prop Bets for Statheads


When I say statheads, I mean to say that this is for those who are keen to take a guess on the games based on the team or player stats available. This can either be a player’s overall stat line, predicting how many points will they score, or if they can make a set number of three-pointers, or a team to tally a set number of rebounds by the end of the game. This bet can get specific as far as bettors can imagine, which is why you should take advantage of the statistics that various basketball leagues provide.

Prop bets image


Futures Betting for Nostradamus Feels


Futures betting image


Who would want to be the guy to say “I told you so” at the end of the season? Well, everyone does. Futures betting deals with the end of season feats in every basketball league. For instance, you can bet on the MVP, the Coach of the Year, or a specific team to end up with the first seed in a given conference. You can even outright bet on a team to win the NBA Finals. While these lines will eventually fluctuate and change over time, it is a rewarding bet and can end up with you having more bragging rights if you get it right.


Enjoy Basketball Betting to the Fullest


Now that you have a profound knowledge of basketball betting and the basic markets that you can get a shot at winning, it is now time to put your skills to the test! Make the most of your chances by making a bet on the upcoming games on your favorite basketball league! Remember all of the tips and tricks that you just read about with this blog, and you’re gonna have a great chance at winning handsome rewards at the end of the day!


GambleSpot takes pride in writing quality betting guides for basketball and other sports. We also have some interesting blogs, game analyses, predictions and other sports-related content that you would not want to miss. Enhance your winning chances in betting with us today!

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