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The National Basketball Association has a very strong following throughout Canada, because even though we have our own teams to support, the NBA has a pull that we just can’t ignore. Canada also have the Toronto Raptors their representative team in the NBA, which often means that an entire nation is behind them when they play.
There are many different ways to bet on basketball games and this article will take a look at some of the ways you can make money by betting on the NBA.
Wagering Against the Spread
The most common form of wagering on NBA games is to bet on a team in what is known as against the spread. Lines are determined based on the ability of each team. If the Toronto Raptors are playing at home against the Philadelphia 76ers, for instance, then the line may be Toronto -10.
Odds on against the spread wagers are 11/10, which means you would be risking $110 to win $100. If you think Toronto will win the game by more than 10 points you would wager on the Raptors, if you think the 76ers will lose by less than 10 points you would wager on the 76ers. If the final score of the game is Toronto 105 Philadelphia 92, all bets on the Raptors would be marked as winners whilst the 76ers’ bets would be graded as losers. If the game was decided by exactly 10 points the bets would be considered a push and all of them would be refunded.
Wagering on the Money Line
If you don’t want to get involved with trying to work out who will win by how much, and your just want to bet on which team will win the game regardless of the spread, money line wagering is for you. When wagering on the money line you will be betting on which team will win the game, it does not matter how many points they win by.
As an example, if the Cleveland Cavaliers are hosting the Chicago Bulls, the money line may be Cleveland -200 or Chicago +160. You would risk $200 to win $100 on the Cavaliers or risk $100 to win $160 on the Bulls. If the final score is Chicago 88 Cleveland 84, all bets on the Bulls would be graded as winners and all bets on the Cavaliers would be graded as losers.
The money line is directly related to the spread. The more points a team is favored by against the spread, the higher the money line wager will be. A team favored by 4 points might be -200 on the money line, while a team favored by 10 points may be -500 on the money line.
Money line wagers provide good value when placing a wager on a large underdog to win the game outright.
Wagering on the Total
In addition to wagering on which team will win the game and by how many points, gamblers can wager on the total number of points that will be scored in a game. These wagers usually have odds of 11/10, meaning you need to risk $110 to win $100.
If the total on a game between the Dallas Mavericks and the Oklahoma City Thunder is 205 and the final score is Mavericks 100 Thunder 97, the UNDER would be graded as winner since only 197 total points were scored. All wagers on the OVER would be graded as losers. If the game ends up with exactly 205 total points being scored the bets will be graded as no action and all bets will be refunded.
Another way to wager on basketball games is to place what is known as a teaser bet. In teaser bets gamblers may move the point spreads on two games by 4 points in each game. As an example, if the Houston Rockets are -7 against the Utah Jazz and the Brooklyn Nets are -5 against the New York Knicks, you could tease the Rockets from -7 to -3 and the Nets from -5 to -1.
The odds on a teaser wager are 12/10, meaning you need to risk $120 to win $100. And since you are getting the advantage of moving the point spread on each game by four points, both games in the teaser wager must win in order for the wager to be graded as a winner. If one of the two teams in the teaser fails to cover the spread, the bet will be graded as a loser.
First Half Lines
Besides wagering on who will win the game and by how many points, you can also wager on which team be leading at half time. This is known as the first half line. You can wager against the spread or on the money line for the first half of a game. Regardless of what the final score of a game ends up being, the halftime wagers are graded at the end of the first half. If you bet the Bulls -3 in the first half over the Hawks and the Bulls are up 53-48 at the half, then that bet will be graded a winner even if the Bulls end up losing the game 101-99.
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