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The market for sports betting holds a $106 billion market size and is rapidly growing. If you love sports and are looking for ways to win money, this is an avenue that you will appreciate to the fullest. Basketball is one of the best sports to bet on, whether you’d like to place wagers on NBA games or college.
So, what should you know about getting started? We’re happy to explain. Here are some tips to help you when you’re learning how to bet on basketball.
Study the Game Consistently
There’s a reason that sports betting and gambling are different categories. While gambling typically involves chance, sports betting involves knowledge of the game and skill.
That is, as long as you study the sport and understand its major players, teams, and nuances. If you plan to seriously bet on basketball, consider getting a subscription to the sports packages that let you catch all of the games, replays, and highlights. Become an avid learner so that you’re able to feel confident when a betting line comes out.
Learn About Basketball Odds and Bets
A basketball game has several aspects that you can place wagers on. Consider this the game within the game. A money line bet refers to a straight-up wager of which team you predict will win. You will need to check the odds to see what kind of payout you will get betting on the underdog as opposed to the favorite.
A spread bet means that you are choosing a team to not just win, but also cover the point spread. If the betting line predicts the Chicago Bulls -7.5, it means that the Bulls must win the game by more than 7 points to successfully cover the spread.
There are also several prop bets that you can place, including:
- Individual players sinking a certain number of free throws, three-pointers, or the number of fouls committed
- Team-based bets related to point totals
- Bets related to the number of points both teams score
You can even place bets related to the amount of time a game takes to complete, which team will win the tip-off, and whether or not a certain player will get ejected from the game. The sky is the limit with prop bets, so choose a platform that has plenty available for the taking.
Find the Right Sports Betting Platform
Make sure that you choose a sports betting platform that is safe, secure, and professional. This way, you’re able to make a deposit and transfer out your winnings. Look around for platforms that are reliable, and look into reviews and ratings to know that you’re dealing with a reputable business.
A betting outlet will allow you to make some simulated bets prior to registering so that you can test it out and develop a strategy that works for you.
How to Bet on Basketball 101
The tips above are useful when you’re learning how to bet on basketball. It’s a sport that is filled with opportunities for rookie and expert betters alike. Set aside some money in your budget so that you can put some quality strategies to use.
Start here and check out our other articles to learn more about sports betting and other forms of entertainment.
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