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How to Bet on Basketball – Tips and Strategies for 2023-2024 

Basketball is the most popular sport for betting in the Philippines, given how it’s deeply ingrained in the country’s daily life and culture. If you want to take a chance and start betting on basketball, this is your comprehensive basketball betting guide.

You can either do NBA or PBA Betting. The NBA, or National Basketball Association, is one of the biggest professional sports leagues in the world, with 30 franchises and a solid global audience. PBA, on the other hand, is a professional basketball league in the Philippines. It’s the first one in Asia and the second across the world following the NBA.

Learn NBA and PBA moneylines, totals, point spreads, parlays, and more in this comprehensive basketball betting guide: The guide for beginners” to bet on sport.

Best Bookmakers for Basketball for Beginners

Choosing the right bookmaker can make or break your basketball odds. You need to look for the right bookmakers that offer competitive odds and secure banking options.

We have compiled a list of the best bookmakers to bet on basketball. All of them have a license and a sign-up bonus. They have also been established for their exceptional reputation, user-friendly interface, bonuses and offers, and access to a huge variety of games and bets. We’ve also evaluated their security and customer support.

The first step has to be done right, so choose a sports betting platform that can help you enjoy smooth navigation, and secure transactions.

How to Make an NBA Bet

If you want fast-paced action and a wide range of basketball betting options, betting on NBA games can be more exciting for you. However, make sure that you have the right strategy up your sleeve to make informed betting decisions. In this basketball betting guide, let’s go through the process step by step.

Find the Best Odds

As you shop for NBA odds, consider what your favorite bets are, whether they are single bets or part of a parlay. You can enjoy better odds depending on the sportsbook you choose. Make sure to pay attention to parlay odds in your search since they can vary drastically based on the number of games and types of bets available. 

Register to a Bookmaker

Complete the sign-up registration at your chosen bookmaker’s website or app. You would need to supply your personal information and other documents like your bank statement and identification card. Validate your new betting account, make your deposit, and then claim your bonus.

Make sure to read the rules and regulations before you sign up since every sportsbook has its own set of rules. If you don’t follow them, you may run the risk of incurring sanctions like account suspension or bet cancellation.

Make a Bet

Like any other major sport, there are a lot of ways to bet on the NBA. The most popular ones are moneyline, point spread, and over/under totals. As you learn the ropes in this basketball betting guide, you can try exploring the more advanced bet types.

You can also combine single bets with other betting types in a parlay. It’s a multi-part bet that requires all components to hit. However, for a start, it’s best to stick to the common ones, which we are to tackle in the next section.

Types of Basketball Bets

There are multiple ways to bet on basketball, but for this basketball betting guide, let’s focus on the common ones. You can bet on individual player performances or team performances. Let’s discuss the most popular basketball betting types below.

Moneyline: Select the Winner of an NBA Game

Moneyline is the most straightforward way to bet on basketball, which takes the least amount of maths. You’re essentially betting on which team you believe will win the game. Negative odds indicate the favorites, and positive odds indicate the underdogs.

The range between the odds represent how close the matchup is in the eyes of the bookie. As the game starts and progresses, the odds will shift depending on the events happening during the game and the betting volumes from each side. If the underdog manages to win, the returns will be more fantastic than when the big favorites come out on top. Here’s an example:

Basketball Betting Guide

Do shop around for moneyline prices and find a sportsbook that provides the most value to moneyline betting.

Over/Under: Betting on a Basketball Total Points or Season Win Totals

This is the second most popular type of betting next to point spread. You’re basically predicting whether the point total for a matchup will be higher or lower than what the sportsbook predicts. The point total is the total amount of points by both teams. You aren’t necessarily choosing which is the winning team, and the payout is typically -110. Here’s an example of an over/under scenario:

Over/Under Betting on Basketball

If you bet on the over, the total amount of points should be 212 or higher. But if you wager on the under, the point total should be 210 or lower. Those who are new to sports gambling or love side bets prefer this betting type because of its simplicity and the fact that the final outcome of the game does not impact the outcome of the bet.

Spread Points: Betting the Spread on Basketball

This is the most popular betting type and essentially a wager on how many points a team wins or loses by. It’s also called “the spread” or “the line”. If you’re still new to NBA betting, point spreads are a great starting point. You can also combine point spread bets with other betting types in a parlay.

Parlays: Combine NBA Bets 

You can combine most wager types into parlays, be it moneylines, totals, or point spreads. Since you’re combining multiple wagers in one single bet, the payouts could also be potentially higher. However, every leg in the parlay must win. This makes it hard to win, but some bettors find it more exciting since they get to have more bragging rights when they win because of the slim chances.

Prop Bets: Betting on a Performance Player

The final score or outcome of the game does not affect side wagers. Also called proposition bets, they cover betting markets beyond the standard moneylines, spreads, and totals. Instead, these side bets focus on individual player or team performances.

When it comes to NBA betting, prop betting mainly involves the top talents of a matchup. The most popular bets include head-to-head props and stats combo props. If you like these types of side betting, make sure to look for a sportsbook that offers a huge variety of prop bets.

Long-term Bets: Total Wins, MVP, NBA Championship Odds

You can also wager on outcomes and events that will be decided by the end of the playoffs like betting on which team will be the NBA champion or which will advance to the NBA Finals. Bettors would follow the progress of their chosen player or team over the course of the entire season. This brings even more excitement and anticipation.

Look for platforms that offer the best odds, bonus offers, betting variety, and features that you find most valuable. Make sure that they’re licensed and secure and offer other favourable terms. Choose the right types of wagers and learn the ropes one bet at a time.

Top Basketball Leagues and Competitions

Basketball is the second most popular sport in the world, next to soccer, with a long and storied history dating back to 1891. There are 195 countries in the world, and more than 100 of them have their own national teams and basketball leagues. As basketball became more and more popular, formalized competitions started and professional basketball leagues were born. The following are some of the top basketball leagues and competitions across the globe:

NBA

The NBA has successfully created a brand identity that has appealed to a global audience. Although the NFL is the most valuable sports league in the world, the NBA is considered America’s most globally relevant sports property. It’s the most popular basketball event in the United States and around the world.

Top Basketball Leagues

FIBA World Cup

The NBA and FIBA World Cup have certain differences in terms of rules. For example, the NBA plays four 12-minute quarters. Meanwhile, FIBA runs a 40-minute game with four 10-minute quarters. The number of time-outs and the size of the court itself also differ.

The FIBA Basketball World Cup happens every four years. If you’re looking to participate in FIBA World Cup betting, just choose a betting site that offers a wide range of markets and better odds.

PBA

In the Philippines, basketball is not just a sport but a lifestyle. In fact, every barangay has a basketball court, and the sport is deeply ingrained in its culture. The PBA features some of the best players in the country and is composed of 12 company-branded franchised teams. To bet on PBA, you need to find a regulated and licensed PBA betting site or certified offshore sportsbook to place a wager legally.

Basketball Betting Tips

Invest your time in learning the world of basketball betting to boost your skills and improve your strategies as you go. Reading this basketball betting guide is already a good start. Remember that it’s a continuous learning process. As you learn the ropes, you can track betting trends and experiment with different strategies that match your unique betting style.

The following are the fundamentals you should focus on:

Pay Attention to the Match-ups

Research the teams and the players to make more informed wagers. You can make more accurate predictions if you take the time to learn more about the match-ups. Stay updated with the game developments as well as the performances of individual players.

Study the Coaches

The players aren’t the only stars of the game; the coaches are as well. So, do get to know the coaching tendencies of each team and study the style and quirks of the coaches. That can also definitely affect player statistics.

For example, certain coaches tend to rest their star players during the fourth quarter of blowouts, thus decreasing individual player stats and reducing the total points. Meanwhile, other coaches ride their best players into the ground, driving the scores up but risking the odds of injury or fatigue. It pays to look into these nuances to better predict point spreads or final scores.

Check for Injuries and Off-nights

If there are injuries or off nights, make sure to factor them in as you develop your strategy. Consider those events that affect team performance and dynamics. Just slowly but surely get better at basketball analysis and make more successful betting decisions as you go.

Scout the Schedule

When you scout the schedule, you’re considering other factors like rest days and the strength of the players. Players need rest to recuperate, and if players have tight schedules or play in back-to-back matches, that could ultimately affect their performance.

Consider the Geography

On top of the schedule, the location matters as well, like when a team passes through many time zones to get to their game. Players who travel a lot are generally less refreshed, and fatigue can affect their shape and energy during the game.

Pay Attention to the Current Form of Teams

“Form” refers to a team or player’s recent performance. Even studies have backed up the idea that psychological momentum is associated with better performance. Paying attention to the form of the team and its players can better help you identify their strengths and weaknesses, which are great insights to formulating a more effective betting strategy.

Watch Out for “Grudge Matches”

Now and again, there are those so-called ‘grudge matches’ or ‘revenge games’. It’s essentially a match with a lot of grudge involved like when a recently traded player faces his former employer. Getting traded is a big deal, and players would usually take that very personally. That strong and ruthless emotion may just will the team to victory, so it’s definitely worth considering.

Remember That Home-court Advantage Still Counts

It doesn’t mean that you have to readily choose the team with the home-court advantage. This is only a reminder that most players do prefer playing at home. An ESPN study shows that 61.2% of all NBA games since 1975 have been won by the home team. It’s not a hard-set factor but a factor, nevertheless, so just factor it in when finalizing your bets as well.

Study the Numbers

This is one of the best ways to sharpen your basketball betting skills. While trends are great indicators, some can actually be misleading if you don’t properly decipher the story behind the numbers. There’s always a larger context to be found.

For example, if a team scored 110 points in the previous game, that doesn’t automatically mean its offense is just firing on all cylinders. Try to study the progress and identify how those points were scored because it could only be that the other team was resting the starters to prepare for a long road trip or take care of some injuries.

Keep Track of Your Bets and Results

Make a habit of recording your bets systematically. Especially if you want to engage in sports betting for the long term, it pays to keep a record of your activities and results. You can use a spreadsheet to document the date, sportsbook, bet, odds, final score, total profit or loss, and so on.

You may also record the links to each basketball betting guide you read. Leave a column for personal notes, remarks, and insights. Data helps you see the pattern and make informed decisions moving forward.

Build a more strategic approach in terms of basketball betting instead of resorting to random information and guesswork. There’s more to basketball analysis than meets the eye, so continue refining your strategy and feel free to go back to this basketball betting guide when necessary.

FAQ

Whether you’re a new punter or a seasoned one, you need to constantly refine your basketball betting strategies. Here are some common questions from people who are looking for a basketball betting guide.

Bettors have different opinions as to the easiest and hardest sports to bet on. Some consider tennis, football, and NBA to be the easiest to predict, but it ultimately depends on many factors like your knowledge of the sport and your ability to analyze the game and determine the betting odds.
As for basketball, since it’s a very popular game with a huge fanbase, it’s easy to access a wealth of information and determine the consistent dynasties. 

The key is to understand the basics, familiarize yourself with the teams and players, analyze trends, and most importantly, manage your bankroll. 

Take the time to compare and identify the best odds to get the best value. Start with the simpler bets like point spread, over/under, and moneyline and work your way up as you get the hang of the game. Track your bets to evaluate your results and performance and eventually improve your personal betting strategy.

Since it’s the most straightforward, having to choose only which team will win outright, moneyline is not a sure win but an easy type of betting with little to no fuss, math, and complications. 

Winning parlays is rare and thus very difficult to achieve consistently. You need to remember that the larger the parlay the more you have to lose as well. 

To predict the outcome of the game, especially if you’re trying to win a moneyline bet, you need to do your due diligence and research the team’s recent performance, head-to-head history, and injury reports. 
As you bet, make sure that you’re only risking what you can afford to lose. And even after you have placed the bet, watch the game to keep track of the progress. Some bettors don’t offer automatic payouts, and you’d have to claim your winnings manually. Just do your research and polish your betting strategy to enjoy your betting experience all the way.

Conclusion

There’s a growing demand for basketball betting, and sportsbooks are offering more basketball odds and props than ever before. If you’re ready to join the bandwagon, start polishing your betting strategy with this basketball betting guide.

Betting is more than just a game of chance, guesses, and random insights. It actually involves concrete strategizing and properly executing a plan. You need to learn how to take your emotions out of the equation and use your head as you study the games and make informed betting decisions.

Just stay focused and patient in the process, and don’t forget to have fun.

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