Basketball is one of the most popular sports worldwide – it’s fun to watch, you easily get invested in the game, it’s thrilling and there’s a little something that can appeal to anyone. It’s also one of the easiest sports to bet on, and it’s very similar to football in that regard – if you know the basics of betting on one of them, you’ll feel comfortable betting on the other, too. Let’s break down the basic terms you’ll come across and how to use different strategies!
One thing you can bet on is the winner of the game – this is called a money line wager. It’s pretty standard – you choose whichever team you deem to have better chances of winning. Simple enough. Of course, this requires good knowledge of the teams, players and politics involved – you can’t make an informed decision without being even slightly aware of what’s going on. Don’t forget that the more you know, the more successful you’ll be.
Remember that when it comes to money line wagers, if you bet on the favourite, you’ll need to put way more money on the line if you want to get a big profit. Whereas betting on the underdog may be risky, but it’s cheaper. Here’s an example:
Los Angeles Lakers: – 250
Toronto Raptors: + 350
This means that if you bet on the obvious winner aka the Lakers, you’ll need to stake $250 to win $100, and if you choose the underdog that is the Raptors, you can win $350 while putting only $100 on the line (of course, the chances of that happening are slimmer).
Money line wagers are pretty common and most people choose this exact type of betting. However, something called a point spread was introduced not too long ago and it has been a game changer ever since. Stay tuned for our next installment where we’ll look into point spreads!