Basketball Odds and Betting Lines
Basketball is one of the most popular sports in Canada, without a doubt. It is one of the fan favorites when it comes to betting too. With online sports gambling gaining momentum in Ontario as well as around the country, the interest will only continue to grow.
In this article, you will learn all the basics you need to know. Reading basketball odds and betting lines, types of basketball bets as well as getting the most out of your betting experience.
The Basics of Basketball Odds and Bets
If you want to make money on your basketball bets, then you need to have your fundamentals right. If you are new to betting, then knowing how betting odds work is crucial. In simple terms, odds represent the likelihood of a particular outcome. Below we will explain how to better understand basketball betting lines and how to calculate your potential profits.
Reading Basketball Betting Lines
In online sports betting sites in Canada, basketball odds will be most frequently displayed in American format. The betting lines system is centered around a base value of $100. The negative numbers signal the favorite on the betting line. Positive numbers on the other hand are attached to the underdog. So betting on the favorite, the odds will indicate the amount you must risk to win $100, and betting on the underdog will display how much are the potential winnings on the wager.
How are winnings calculated
As explained above, you should calculate your winnings based on the sign in front of the odds. Positive odds of +170 would indicate you will win $170 off your $100 bet, and negative -200 will indicate that you should bet $200 to win $100. Betting with different amounts requires you to multiply the odds by the chosen wager when positive, or divide the odds by 100 and multiply by the wager size when negative.
Important things to consider when Betting on Basketball in Canada
An important aspect to consider when it comes to betting is your location, as each province will have a different set of laws surrounding online betting. In some provinces such as Alberta, Montreal, Quebec, and Ottawa the legal gambling age is set at 18. In other offshore sportsbooks might be your only option.
Once you know the betting sites available for your province, you have to consider other aspects for making the right choice. Compare their basketball offering - look for competitive odds and check if they are offering your desired bet types. Explore the various promotions as well, to make sure in picking the best sportsbook for you.
Types of bets you can find
Moneyline
Moneyline is the simplest and most common bet across all sports in Canada, which focuses on predicting the outcome of the game. When betting on the Moneyline, you are betting on who will win straight out.
Spreads
Point spread is yet another popular choice, and they intend to “level the playing field”. The stronger team will suffer a handicap, and the underdogs will be granted additional points. When betting, the spread will either be added or deducted from the final score to settle the winner.
Totals
Totals in basketball will refer to the total points scored in a game. The totals will often be with .5 attached, such as an NBA game with totals of 211.5. Calculate the total by adding the points scored by each team.
Prop bets
Proposition betting or “prop” betting refers to something that will happen during the game, that doesn’t have to affect the outcome of the game. This could be wagering on a specific player on points, assists, steals, or the number of rebounds in the game, or which team will score first.
Future bets
When it comes to futures betting and basketball, there is a lot to choose from. For example, in the NBA, most Canadian sportsbooks will offer the option to bet on which team will become NBA Champion, which teams will reach the playoffs, the division winner, who will win MVP for the league, and more.
Parlays
Parlays include any bet that has multiple selections for different outcomes for an event or prop. Bettors can do same-game parlays or spread selections over multiple games. A parlay requires all selections to win to pay out. Of course, the payout is much bigger since the odds in the bet slip are multiplied.
Comparing Basketball Odds on Oddspedia will Benefit You
Oddspedia can give you an edge when it comes to betting by allowing you to compare odds from different betting sites. Shopping for the best odds will guarantee you are getting the best bang for your buck. If you want to bet on the next game of Toronto Raptors and enjoy the benefits of Oddspedia, then you simply need to head out to their specific matchup page. The website will display the betting odds comparison from all available sportsbooks and Canada sports betting apps for your province.
Odds Comparison increases your winnings
Comparing odds on Oddspedia will increase your basketball winnings in the long run. Line shopping is something that all pro bettors do and take little to no time. And as regular product price hunting, you should take the best value when given the choice. So if a sportsbook is offering you the Raptors at -110 instead of -140, go for it. The numbers will add up the bigger your bank and the more bets you’ve made.
Oddspedia provides the best Basketball odds for Today
Oddspedia is helping players find the best basketball and NBA odds on any given day. Look at the upcoming games list for today, and you will find odds comparison for a wide range of betting types. The odds shown on the page are updated in real-time, with the best bet available being just one click away.
Track betting lines movement
With Oddspedia you can monitor betting lines for all basketball and NBA games. Check the opening odds and how the odds have changed since publishing. Look in which direction the odds are moving, and you will be able to time your bet at the perfect moment.
Find the Best Basketball Sportsbooks
Oddspedia will help you out in finding the best and most reputable basketball betting site and top sports betting mobile apps for you. If you bet only on NBA matches, then especially for you we have prepared the top NBA betting sites, which will help you choose the most favorable betting conditions. We also have prepared for you the top sportsbooks in Canada that are suitable for betting on basketball:
Oddspedia also has a section where you can compare basketball odds and access links to sportsbook bonuses for bettors from Canada. We have also created a special section with Ontario betting sites and reliable Ontario sports betting apps. Here, we have compiled a list of the top 5 bookmakers that are legal for basketball betting in Canada:
FAQ
What are moneylines?
Moneylines will reflect the bookmaker's estimation of the likelihood of a particular team winning. The odds will indicate which outcome is more favorable and more likely to happen.
Which are the best Basketball markets to bet on?
The most popular types are moneylines, point spreads, and totals. Moneylines refer to the winner of a game, spreads attribute handicaps to the teams, and totals refer to the number of points scored.
Are there Basketball markets I should avoid?
As a rule of thumb, avoid betting markets where the win condition is based on high risk. Some prop bets may come with higher odds and high risk involved.
What does +200 moneyline mean?
If the moneyline odds show +200, that means that if you wager $100 and your bet wins, you will pocket $200 plus your initial stake.
Which bookie has the best odds for Basketball?
From our observations, Fanduel consistently offers high odds when it comes to basketball matches. Visit our best basketball sportsbooks page to see what are the payouts from different betting sites.
How does Oddspedia's odds comparison work?
Oddspedia fetches the odds data from legal Canadian sportsbooks in real time and sorts the best odds available.
Is there a betting strategy I can use for betting on Basketball?
There are many different betting strategies for basketball. We suggest focusing on Bankroll management and utilizing statistics.
