Knowing how to bet on basketball can help you a lot when it comes to making a profit. Most people only focus on football, but the truth is that basketball is just as good or even better.
Basketball, mainly the NBA, is one of the most popular sports to bet on. However, it's still a long way from soccer as the main focus of bettors, even with March Madness betting.
We'll start by looking at the advantages of betting on basketball.Advantages of Betting on Basketball
One of the advantages of basketball is that the tie is not an option. So in win markets, each team has a 50% chance of winning. This is a noticeable improvement compared to football, where you have a 33.3% chance of being successful if you bet on the 1X2 market.
Another advantage of basketball over soccer is that it's always a 5v5 sport.
If a player is injured, he can be substituted. It's not the case in football, where if you have exhausted the changes, you have to stay with one man less – and the same happens if a player is expelled. In short, basketball is a great sport to bet on, and you should keep that in mind.Typical Basketball Markets
The best markets to bet on basketball are the Moneyline and the classic handicap markets. The odds of these markets vary quite a bit during the match according to the alterations that occur on the scoreboard. Hence, you have to carefully follow the ups and downs in the odds to detect which ones have more value than the pre-match odds and take advantage of them.
Depending on the match and the rivals facing each other, the odds can be very different and serve as a reference. However, in no case should they replace an excellent prior analysis of the match, which you should always do before betting.
In basketball, the teams' odds can sometimes be higher or lower than they should be without a justified reason. That's why analyzing the matches is important.
A very favorite team in basketball usually has odds below 1.50. If the favorite's odds are a bit higher, you should be careful because the teams may be closer in quality than the odds indicate. Another similar case, but very different at the same time, is when the odds are around 2.
Here, the favorite team may have higher odds than it should, especially if it faces an opponent of similar ability. If your analysis prior to the match indicates that the favorite has higher odds than the real one, it automatically becomes a value bet that you should take advantage of.
It's not very common to find value odds on basketball games. And if one does appear, the odds will drop quickly as more people will bet on that team.When to Bet on Basketball?
To bet on basketball, it's best to place bets live. Basketball is a sport with many swings and streaks, and the odds fluctuate a lot.
It's better to bet live to get higher odds than pre-match when betting on basketball. By betting live while watching the game, you always have more information about what is happening, and you have more chances of winning.
The variations in basketball odds mean that apparently low-value odds appear, and high odds without any value appear.
Deciding between them is a matter of experience. Sometimes, the favorite team is trailing at halftime against a much lower team and has 1.50 odds, enough to make it attractive even though it's not too high.
Other times, the favorite team is 2 points behind with 30 seconds remaining and does not have the ball. However, it has 2.00 odds. This odd has no value because you have less than half the chances of winning with such little time left, and it's not worth the risk. In the end, everything is a matter of perception and experience.
The key to betting on basketball is to be patient. We have to wait for the right moment to place our bets. Sometimes, a few points on the scoreboard can make a noticeable difference in the odds.
An important fact is that you must decide in advance which team you will bet on, so you will wait for the moment to do it. If you don't see it clearly between the two teams, the best thing is that you give up that game.
The best matches to bet on are those where the favorite team has a pre-match odds of less than 1.40. If, after doing your homework analyzing the game, you verify that this odd is true, then you have the green light. However, for this, there must be a real and palpable difference between both teams.
The strategy is the same almost every time. Wait for live to have better odds than in pre-match and see if the favorite has difficulties at the start of the match. If so, it's time to bet in your favor.
If the pre-match odds of the favorite is higher than 1.40, then it means that the match will probably be more even than it suits you. However, as in everything, there may be unexpected surprises.