The Best NBA Betting Sites and Apps for the 2023-24 Season

A Moneyline bet is a wager on whether a team will win a game or event. In a moneyline bet, the bettor predicts that a team will win outright.

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Bettors will find the favored team/player to win on a betting line with a – sign next to their odds. Before making a pilgrimage to Sin City, we recommend bettors read our Vegas odds guide.

Point Spread Betting Strategies

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WHAT IS A SPREAD BETTING EXAMPLE?

It might take a little practice, but you’ll eventually get it. Implied probability can be a little difficult to understand and it takes some math to figure things out.

Not to mention, you have access to placing a wager 24/7, they pay faster than your book and you don’t ever have to worry about getting cut out as they’re a massive operation. Deposit a minimum of $10 in to your account and place, as your first real money bet after opening your account, any sports wager. Only the first $500 of the first wager are eligible for this promotion. If your Qualifying Bet loses, you’ll receive free bets back in denominations of 10% of the total number of free bet earnings you’re eligible for. It’s up to you to compare betting odds and pick your betting market. If you’re new to sports betting, we’d recommend sticking to ‘safer’ bets with lower odds until you get to grips with how it works exactly.

The industry-standard is -110, meaning you bet $110 for every $100 you hope to win. But with a little work, you can find a -105 line where you only bet $105 for every $100 you want to win.

Movement in the odds depends on multiple factors, including team news, injuries, public betting, recent play, and even the number of games a team plays in a row. If you need to use a bonus or promo code, enter it at this stage. Once you’ve signed up, make your initial deposit, and you’re ready to start NBA betting. You must open an account to bet on basketball at the top NBA betting sites. Also known as pick’em (PK), a 0 point spread occurs when there is no clear favorite or underdog in a game. In this scenario, the winner of the game wins the point spread. Let’s use point spread and say a sportsbook believes that the Cleveland Cavaliers are a 20-point better team than the Washington Wizards.

The best online sportsbook apps should offer a wide range of betting options across various sports, including popular games like football and basketball, as well as niche sports and events. If you decide to bet on the Chiefs—the team that, according to the bookmaker, has a higher implied probability of winning the game—you would need to bet $760 to win $100. If the Chiefs are victorious, you win $100 with a total payout of $860 (initial stake of $760 + profit of $100).

The platform covers a vast range of sports, including popular choices like football, basketball, baseball, and soccer, as well as niche sports for those with specific interests. One of its standout features is its risk-free wagers, which we go into more detail about below. The initial promotion – the one most users will get – is a 50% sports welcome bonus, providing up to $1,000 in bonus bets plus a bonus $10 casino chip. The potential profit for a Milwaukee win would be even higher because you could make a profit of $700 ($100 x (7/1)). With the initial stake of $100 returned, it would result in a total payout of $800. Basically, the number on the left is how much you’ll win and the number on the right is how much you place on the bet. It’s easy to understand but has the chance of starting to get confusing when you start getting into bets with much bigger amounts.

Sportsbook bonuses and promotions are key elements that attract and retain players at top betting sites. We evaluated the attractiveness and fairness of welcome bonuses, including deposit matches and free bets. We have rigorously reviewed and ranked the top sportsbooks, taking into account factors like user experience, betting odds, bonuses, security, and customer support. Our number one choice is Bovada, a giant of the industry and well worth its capital at number one. Conversely, positive numbers are attached to the underdog and refer to the amount you could win if you bet $100. You stand to make more money on positive odds, but the chances of a win are lower.

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