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Basketball Betting For Sports Betting Beginners
Want to get into sports betting? Based on the numbers, chances are basketball is the sport you bet on. The bookmakers have the numbers to back up the claim that basketball is second only to soccer in the United States when it comes to the amount of money wagered each year. In fact, the big amateur tournament March Madness is the second most profitable sporting event for bookmakers in all sports each year (the Super Bowl is the first).
There’s a lot of money to be made betting on basketball, whether college or professional, but to have a chance of breaking even, you first need to know what you’re doing. This article is a guide for those new to the world of basketball betting.
Basketball Betting
Like football, basketball scores are usually very high due to the scoring system. This means that betting on the spread in basketball is the most popular way to bet.
On a spread bet, the person placing the bet wins if their team “covers” the spread. This means the team wins by the specified number of points or loses by less than the specified number of points. Here is an overview.
San Antonio Spurs -8
New York Knicks +8
Betting on Spurs to cover the spread means they need to win by more than eight runs to cash. If they win by exactly 8 points, it’s a “push”. Your bet will be refunded, but you won’t win any extra money. If Spurs win by just 7 points, they win the game but fail to cover the gap. In this case, you lose the money you bet and those who bet on the Knicks get it back.
Betting on point spreads can be a little tricky, so those new to sports betting might prefer the money line instead. This is a bet on a team to win the match, no matter how many points they win.
In a Money Line bet, more money must be placed on the favorite team. For example, to win $100 on a favorite, you need to wager $120. On the other hand, if you wanted to bet on the underdog, you would win more money. For every $100 you bet on an underdog, you could win $130. Let’s see how it would appear on “the books”:
San Antonio Spurs -120
New York Knicks +130
The favorite is always indicated by a minus sign, whether he is betting on the spread or on the line.
Find a good value
As we mentioned at the beginning, professional and college hoops are popular with those who enjoy sports betting. In order to come out of the season, or tournament, as a winner, it is important to find bets that have good value.
Good value bets are those that require you to wager the least amount of money for the highest returns. Therefore, many people prefer betting on college hoops rather than pros. Professional leagues usually have very different teams in terms of skill level, and this is reflected in the odds.
In contrast, college teams are generally closer in terms of skills. This means bookmakers will set closer lines and spreads, and this is to the advantage of the person betting on the game.
Also remember that the more knowledge you have, the higher your chances of winning. Before placing a bet, see what is happening in the game regarding lineups and even referees by checking the internet and various sports channels.
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