Amanda Knapp
Bovada offers a variety of betting options for basketball, including spreads, totals, moneylines, props, parlays, teasers, and futures. Point spreads are the most popular option for NBA betting, as basketball is a high-scoring sport with teams often trading points. Understanding how point spreads work is essential for successful NBA betting, and Bovada offers live betting options for those who want to get in on the action after the game has started. Additionally, Bovada allows users to bet on totals, which is a wager on the combined score of the two teams, and moneylines, where you simply pick a winner based on the odds. Other types of bets offered by Bovada include props, which allow users to bet on specific aspects of a game, such as the player with the most points or the total number of rebounds, and parlays, which combine multiple bets for the chance of a larger payout.
| Characteristics | Values |
|---|---|
| Types of bets | Moneyline, spreads, totals, props, parlays, teasers, futures |
| Basketball odds | The team more likely to win is the favorite and is assigned a set amount of points with a minus symbol (-) in front of it. If the favorite wins by more than this amount, the wager will pay out. Underdogs are assigned points with a plus symbol (+) in front of them. If the underdog wins or loses by less than this amount, the bet will pay out. |
| Payouts | Betting on favored teams is less risky, so the payout is reduced. Underdog bets are riskier, so the payout is larger. |
| Totals | Bovada offers odds on totals, which allow you to bet on the combined score of the two teams. |
| Props | Allow you to bet on the player with the most points, how many blocked shots a player will have, total rebounds, steals a team will get, etc. |
| Parlays | Combination bets that allow you to combine multiple picks for NBA game winners. If all picks are right, the payout is higher than betting on individual events. |
| Teasers | Not explicitly defined, but may be related to live betting, which allows you to get in on the action even after the game has started. |
| Futures | Not explicitly defined, but may refer to betting on future games or events. |
| Rules | If a game is postponed, all bets on that match will be graded as 'No Action'. NBA games are official after 43 minutes of play, while College Basketball games are official after 35 minutes of play. |
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What You'll Learn
Understanding the odds
Minus signs indicate favoured teams, while plus signs indicate underdogs. For example, if the Celtics are a -155 favourite, you would need to bet $155 to win $100. Conversely, if the Warriors are a +135 underdog, a $100 bet will get you $135. Underdog bets are riskier, so the payout is larger, whereas betting on favoured teams is less risky, so the payout is reduced. It is important to note that you don't have to bet the exact amount listed, as the payouts work on a pro rata basis.
Totals betting allows you to bet on the combined score of the two teams. For example, if the over/under is set at 224.5 points, you are betting on whether the total score will be over or under this amount. If you think it will be a high-scoring game, you would take the over, and if you think defences will dominate, you would take the under.
Finally, futures are bets that occur on a longer timeframe than today's games. For example, you can check out the basketball odds at the beginning of the season and bet on who will be the champion at the end of the season.
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Point spreads
An NBA point spread, also referred to as the line, is designed to level the playing field and even the odds between the two teams playing in any given game. A point spread is a set amount of points that a team must either win by or stay within for your bet to pay out. The team more likely to win the game is considered the favourite, and NBA odds makers will assign a set amount of points with a minus symbol (-) in front of it. Underdogs are considered less likely to win the game, with NBA odds makers assigning points with a plus symbol (+) in front of it. If the underdog can win or lose by less than this amount, your bet will pay out.
Oddsmakers will sometimes set the point spread on a whole number like 3, 6 or even 10. In these cases, if the favoured team wins by the exact number set for the spread, the bet is considered "a push" and the risk amount of your bet is returned to you. For example, if the Raptors were 7-point favourites and they won by seven points, any wager on the Raptors at -7 would result in a push.
You can also place point spread bets on a specific portion of a game – when first half, second half or quarter lines are offered. Live betting with NBA point spreads has become increasingly popular in recent years, giving the basketball betting community the ability to wager on a game even after it’s begun. Odds makers will continually update the line over the course of a live game, with the odds updated by the second based on what’s happening on the court.
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Moneylines
Underdog bets are riskier, so the payout is larger. Betting on favoured teams is less risky, so the payout is reduced. You don't have to bet the amount listed; it's just a simple way to calculate your payout. For example, a correct $200 bet on the Warriors would get you $270.
To place a moneyline wager, simply locate the moneyline odds and select the team you think will win the game. Then, tap/click the odds you want (e.g. "-210" for the Rams), and your chosen wager will appear on your Bet Slip. Enter as many picks as you like, submit your Bet Slip, and your bets are placed.
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Props
You can bet on the player with the most points, how many blocked shots a player will have, total rebounds, steals a team will make, and more. For example, you can bet on whether Wiggins or Tatum will have more points.
Bovada has introduced its Prop Builder Tool, which allows bettors to create their own sports betting props. This tool provides bettors with flexibility, as they can select the sport they want to bet on, and then use Build Mode to create their own prop bets. For instance, you could create a prop bet that has Stafford passing for at least 320 yards against the Saints, with odds of +420.
The Combined Wager is a unique feature of the Prop Builder Tool, where you can include multiple players in the same bet, and their stats will be combined to determine the outcome. This provides some insurance in case one player does not perform as expected.
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Parlays
You can place a parlay bet on Bovada by first selecting your sport from the menu. Then, make your selections by clicking the boxes; you can make up to 16 selections. Your picks will be added to the Bet Slip, which you can access by clicking the icon at the bottom of your window on your phone or on the right side on a desktop. On the Bet Slip, enter the amount you wish to wager in the box under the Parlay field. Review your bet and then click 'Place Bets'. You will then see the final details of your bet, including a reference number.
It's important to note that if any leg of your parlay is graded as 'NO ACTION', the parlay will reduce to the next number of teams in the wager. For example, if one bet in a three-team parlay is graded 'NO ACTION', it will become a two-team parlay. Additionally, a parlay with ties will be reduced to a parlay with the reduced number of teams, and the payout will be recalculated accordingly.
Teasers are a variation of parlays where you can adjust the basketball lines on your NBA games to make them more favourable. For instance, you can tease the spread down to improve your parlay's chances of success.
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Frequently asked questions
Bovada offers a variety of bets, including moneyline, spreads, totals, props, parlays, teasers, and futures. You can bet on the moneyline by simply picking a winner based on the odds. You can also bet on spreads, which are more popular in basketball due to its high-scoring nature, where you wager on whether the favourite will win by a certain margin or whether the underdog will stay within that margin or pull off an upset. Bovada also offers totals bets, where you wager on the combined score of both teams, and prop bets, where you can bet on specific occurrences within the game, such as the player with the most points or the total number of rebounds.
To place a bet on Bovada, you would need to sign up for an account and deposit funds. You can then browse the available basketball games and select the bet you want to make. Bovada provides the odds for each team or outcome, and you can decide how much you want to wager. Remember to consider the risks and payouts associated with betting on favourites or underdogs.
One strategy is to follow each team's record against the spread to identify teams that consistently exceed or fall short of expectations. You can also take advantage of live betting, which allows you to place bets after the game has started and make more informed decisions by observing the game's progress. Additionally, consider the risks and payouts when betting on favourites with double-digit point spreads.
There are specific rules regarding the grading of bets on postponed or interrupted games. For instance, NBA games are considered official after 43 minutes of play, while College Basketball games are official after 35 minutes. In the event of interruptions, bets will stand if the game is resumed and completed within 12 hours of the original scheduled game time. Otherwise, bets on the original fixture will be void, except for those with already determined outcomes. Additionally, quarter bets require the completion of the specified quarter for action, and overtime is included for all markets except quarter-specific and first-half-specific wagers.
