The Best Basketball Betting Odds
Basketball odds: Compare to win more
When we talk about betting on basketball, odds are consistently the most important element. This is for a very good reason because as with all other sports, odds are an integral part of sports betting. The odds for each team are a unit of measure as to the probability of an event occurring during the selected basketball game. The greater the probability of an event, the higher the odds offered by the bookmakers. For example, consider a basic NBA game between Golden State Warriors and San Antonio Spurs, for which the Warriors are of course strong favourites. In this case, the odds given for the bet "Golden State Warriors win" will be low (eg: 3/10), while that of the bet "San Antonio Spurs win" will be much higher (eg: 27/10). These odds will be vital in the decision to place a bet on basketball, since it will be used to multiply to determine the potential gains of your bet (odds x bet = earnings).
How to calculate basketball odds?
Corresponding to the probabilities of an event to occur during a basketball game, the odds calculator used by the bookmakers, give the odds according to the figures and statistics collected over weeks and months. To summarise, an event that is highly likely to occur will not be offered at great odds by a bookmaker (ex: NBA odds of 3/10 for a success of the Warriors against Spurs). Alternatively, an event that has a low chance of occuring at the start of the game will have good odds (eg: rating of 27/10 for Spurs to win against Golden State). The calculation will be made not just by mathematical formulae, but also by human bookmakers (who take into account injuries, suspensions, the real interest of the meeting).
For the bettor themselves, the odds given for a basketball match will be more attractive relative to the potential winnings. Indeed, it is by performing a multiplication of these odds by the amount of money wagered that will give you the potential winnings of your basketball bet. For example, if you bet £100 on a Limoges win against Strasbourg in Pro A (odds of 1/1), you will earn £200 gross if the home side wins the game. On the other hand, if you bet the same amount on a victory for the Alsatians (score of 4/5), your potential gains will then be lower (£180 gross), given the stronger probability of that being the result. The difference in earnings will be quite consistent depending on the scenario that you imagine on the basketball game of your selection.
How to bet on basketball?
Considered as the basis of basketball betting, odds are essential to the development of the competitive situation that exists between online bookmakers and can also vary from one sports betting site to another, while they involve the same bet. Therefore it will be very interesting and important to compare the odds before you place your online bet.
The fact that some online bookmakers will offer higher odds than others is the main reason why you should compare the odds offered by different sites. Making a comparison of the basketball betting odds will allow you to find the highest odds available for your bet and therefore the odds that will offer you the best winnings if your selection is a winner.
For example, Say you wish to place a bet of £100 for the NBA game between the Lakers and Boston with your selection being a win for the Celtics. Before placing your online bet, you make a comparison of the nba odds given for a "Boston Victory". After a quick analysis, you realize that Bet365 offers a rating of 8/10, While William Hill offers odds of 7/10. Logically, it will be better to bet your £100 at Bet365 (potential earnings of £180), rather than William Hill (£170 potential earnings). So we see that for an identical bet, a significant difference in money can be earned depending on the odds and the bookmaker of your choice. Hence the interest of always placing your bets on the best basketball odds.
Moreover, in addition to optimizing your winnings in sports betting, the basketball odds will also confirm or disprove your feelings on a specific event. Before the match between the Celtics and the Lakers for example, it seems certain that Boston has everything they need to overcome their opponents. After seeing the odds offered (eg 5/10), you realize that your feeling is shared by the expert bookmakers and you are therefore reassured before betting.
In a second scenario, you see that bookmakers offer on average a rating of 1/1 for Boston winning (probability of 50% that Boston wins according to them), while you evaluate it more to 1/5 (80% of probability that Boston wins). In this case, it will be necessary to commit and place your bet as soon as possible, just to take advantage of very interesting potential gains.
Open Multiple Accounts!
As we have just mentioned, betting sites generally offer different odds for an identical bet on a single match. The interest of comparing these odds seems clear (maximize the potential winnings of your bet), just like that of registering on all online betting sites available. Indeed, comparing the proposed basketball odds will be useless if you do not have an account at several bookmakers: you will always be forced to bet on that proposed by the one online bookie site you are a member of. For example, if you want to bet on the European basketball match between France and Poland: Bet365 offers a 9/10 for a success of the Blues, against 7/10 at William Hill. If you only have one player account at the William Hill, you can only potentially win £170 for a bet of £100, opposed to £190 if you had an account at Bet365. On the other hand, if you had opened an account with both operators, you could then bet on the best odds, and thus reap the maximum winnings for your basketball bet. Hence the interest of opening multiple accounts.
Now that you understand everything and you want to bet on basketball at the best odds available, It's easy. Our Basketball Comparator shows you which site offers the most profitable odds for the bet of your choice. Just click on the relevant section.