Conversely, underdog odds have a plus (+) sign attached. In our example game above, we now see that the Warriors are favorites while the Celtics are underdogs. But, what about the numbers that follow these +/- signs? For favorites, the number presented is the amount of money you will have to wager to win $100. So, you would need to bet $150 on the Warriors in order to win $100 back. On the other hand, underdog odds read differently.
In this case, the Warriors are favorites with a spread of 5½ points that pays out at +105. The spread, at 5½, is a handicap for the favorite that allows bookmakers to offer digestible odds for every game. For a bet on the Warriors to hit, Golden State not only has to win but win by at least 5½ points. This is the first time we see half points as Moneyline odds do not use them. Half points are a way for the sportsbooks to ensure that a game doesn’t end in a tie or “push. ” So, a spread of 5 1/2 means that the Warriors would have to win by at least six in order to cover.
Betting against the spread (ATS) is a term you have probably heard before, but might not yet understand. The idea behind a point spread is it allows bookmakers to level the playing field in any game, no matter how badly teams match up. This comes in handy for games with such a wide gap that there is no value in betting on either side of the Moneyline. Our GSW vs. BOS example in spread format at BetUS would look like this: Golden State Warriors -5½ (+105) Boston Celtics +5½ (-125) Every point spread has a favorite and an underdog even if the game is a ML pick ‘em.
The playoff field is composed of eight teams from each conference, but only six are guaranteed spots. The top six teams in each conference get automatic bids and are seeded based on winning percentage. That leaves two spots left up for grabs. The NBA Playoff format was updated for the 2021-22 season to incorporate a play-in tournament for teams ranked 7th through 10th place in each conference. The 7th and 8th place teams play in a “double-chance” game, with the victor moving on to the playoffs as a 7th seed. The 8th and 10th-seeded teams then play, with the winner of that game facing the loser of the previous game. This game determines who will be the 8th seed in each conference. The traditional playoff format continues as normal after this new mini-tournament. Conference brackets are then fixed with no reseeding.
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So, a $1 bet on the Warriors would net $1. 67. This makes calculating the total payout far easier than the other formats. Now that we are experts at reading NBA odds, let’s dive deeper. Below is a rundown of the most popular bet types that BetUS offers for NBA games in 2022-23. NBA Moneyline Betting We are going to start with the simplest form of betting, both in the NBA and most other professional sports worldwide. The Moneyline (ML) bet, also known as straight-up or outright betting, requires that bettors simply pick which team wins the game. Therefore, it’s the best option for beginners looking to get their feet wet. We can use the same hypothetical game as before for this section. These odds tell us a couple of things.
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All rounds are best of seven; teams advance when they win four games in a series. All rounds of the NBA Playoffs, including the Finals, feature a 2-2-1-1-1 format with regard to home-team advantage. The higher-seeded team always earns home court for the first two games of the series up until the final round. For the NBA Finals, conference seeding is ignored and home court is awarded to the team with the best overall record. How to bet on NBA Odds Betting on the NBA For those new to betting on the NBA, we welcome you to this brief guide on how to get started. We will cover how to read NBA odds, what they mean, and what to do with them.
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