NBA Betting for BEGINNERS in PHILLY
- Legal overview on Betting on NBA in Philly
- Learn about the various types of NBA Lines
- Why Comparing NBA Odds matters
- How to recognize a great NBA Bookmaker
- Bet on the GO – Mobile betting on NBA
Legal overview on Betting on NBA in Philadelphia
The state of Pennsylvania requires gamblers to be at least 21 years of age before placing bets. Other than that, betting on the NBA is fully legal. Pennsylvania set a new state record in September, accepting close to $463 million in bets. The previous state record of $365 million was set just one month ago in August.
Types of NBA Betting Lines
NBA Main Basketball Bets
NBA Point Spread Betting
In a point spread bet, additional points are assigned to each team. The favorite must win the game by a certain margin of points, while the underdog is given extra points to pad their total.
For example, if the 76ers were -7.5 point favorites in a game against the Pacers, then Indiana would be a +7.5 point underdog. These numbers mean that Philadelphia must win by 8 points or more, or else the pacers would cover the spread.
NBA Money Line Betting
Money line bets are super easy and very popular. To win one of these bets, all you need is to correctly bet on the winning team. For instance, if the 76ers were -340 favorites in a game against the Lakers, Los Angeles would be +270 underdogs.
In this case, a $340 bet on Philadelphia would win $100. While on the flip side, a $100 bet on the Lakers would win $270.
NBA Total Over/Under Betting
Over/Under totals are another fan favorite betting option. For these bets, bookmakers release a total, and bettors must bet whether the game’s combined final score is “over” or “under” that total.
Let’s say the total is set at 101.5 in a matchup between the 76ers and the Warriors. If the game fails to exceed 101 points, anyone who bet the under will win. But if 102 points are scored, the bettors who picked the over will be victorious.
NBA Future Bets
Due to only five teams being in the mix, divisional bets offer the most favorites of all NBA futures.
To begin the 2020-21 NBA season, bookmakers had the 76ers (+110) and the Celtics (+275) as favorites to win the Atlantic Division. The Raptors and Nets weren’t far behind at +450 apiece.
Compared to Divisional futures, gamblers will find higher payouts when betting on Conference Champions. The reason for this is because winning an NBA Title requires winning one more playoff series vs. one of the best teams in the league.
The current favorites in the Eastern Conference are the Nets at +120, followed by the Bucks (+300) and 76ers (+500)
NBA Championship Winner
Championship bets offer the highest payouts of all NBA futures. There can only be one Champion, which makes this one the hardest bets to win. The current favorites for NBA Champions are the Brooklyn Nets (+275) and the Los Angeles Lakers (+300).
The Philadelphia 76ers are currently ranked 6th best with Unibet USA, at +1300.
NBA Player Props (Over/Under Totals)
These prop bets will be formatted using Over/Under totals that represent the sportsbook’s predicted total for a given stat by the end of the game.
In order to win one of these player props, all you need to do is bet the correct side of the Over/Under total.
These bets are the most popular type of player prop. The league’s top players, like Joel Embiid, can see totals reach 20-25 points, sometimes even higher.
Another common type of player prop is player assists. Some of the NBA’s best playmakers, such as Ben Simmons, are able to fetch assist totals in the 7-10 range.
The 76ers have two of the league’s best rebounders in Joel Embiid and Ben Simmons. Star players, such as these two, typically see their totals in the 7-10 range as well.
The majority of bookies will also offer prop bets for players making 3 pointers. The NBA’s sharpest 3 point shooters will often see totals between 2-4.
Player Total Steals
Another stat you’ll find in the player props is Steals. Ben Simmons led the NBA in steals this past year. But even for stars like Simmons, the totals are nearly always in the 1-2 range.
Player Total Fouls
Some bookies also offer prop betting on player fouls. NBA players are allowed to foul 5 times in each game. Players who foul a 6th time will be ejected.
Player Total Turnovers
Sportsbooks offer player props for turnovers as well. These bets usually see totals in the 2-4 range.
NBA Player Props (Money line)
These next player props are formatted with money line odds. Despite these bets being less common, you will see a bigger odds variety, with underdogs and favorites of all sizes.
Player Double Double
Gamblers are only able to bet on certain players for double-doubles. Depending on the player, the odds will vary. However, even the league’s top players will yield decent underdog odds.
Player Triple Double
Only the NBA’s best players receive prop bets for triple-doubles. The odds for these props are always more profitable than double-double props.
NBA Parlay Betting
These bets are an appealing type of bet for gamblers looking for high payouts. A parlay is essentially betting on a group of bets to all be successful. If any of the bets lose, so will the parlay.
Live NBA Betting – Where to bet Live on NBA
This is a much quicker-paced environment than regular betting. Most bookies update their odds every 15-30 seconds, leaving a small window to place bets.
On the bright side, you’ll likely encounter some valuable odds lines!
Why comparing NBA ODDS matters
To fully capitalize on your winnings, it’s always wise to look for the best odds.
Sportsbooks usually offer different odds than others for specific games. For example, sometimes bookies will offer a team at -380, while others offer the same team at -350.
NBA Favorites vs. Underdogs
A couple of frequently used terms in the NBA betting world are “Favorites” and “Underdogs.” The favorite refers to the team that bookmakers have decided is most likely to win.
For instance, in game one of Philadelphia’s 1st round matchup, the Celtics were -190 favorites, while the 76ers were +165 underdogs.
How to recognize a great NBA Bookmaker
The license they hold means safety
The best way to make sure your funds are secure is by using a licensed bookmaker. This is the only way to verify you’ll be able to withdraw your winnings. Despite some bookies gathering a reputation without a license, there’s no guarantee that you’ll be able to withdraw your funds at some point.
Bonuses and promotions tailored to NBA betting
Sportsbooks offer bonuses to stay competitive. These deals help them stand out and bring in new bettors. Depending on the event, some bookies will have better offers than others, so as always, check out your options beforehand!
Margins they provide on NBA odds
Some bookies will have different odds than others for certain NBA games. Since no sportsbook offers the best odds for all games and teams, the best way to capitalize on the top odds is by signing up with multiple bookmakers.
Variety of betting lines
When signing up with a new bookie, it’s good to make sure they offer various betting lines. Some common betting line examples are over/under totals, money lines, and point spreads. Professional bettors will look to bookies that offer future and prop betting.
Easy to use interface
Philadelphia’s best sportsbooks have interfaces that are easy to use. After playing around on a few different sports betting sites, you’ll notice a distinctive look and feel to many interfaces. It’s good to find one that you’re comfortable with prior to signing up.
Variety of Payment Methods accepted
The best bookmakers tend to offer the most payment methods as well. Standard methods you should expect to find are Credit/Debit Cards, Cryptocurrency, E-Wallets (Paypal, Skrill, etc.), and Bank Transfers.
Multiple Customer support channels
Customer service is an essential part of what makes a quality sportsbook. The top customer support teams are able to fix issues in as little as 10 minutes. Having a reliable support team save the day if an unexpected issue comes up!
Bet on the go – Mobile Betting on NBA Betting
Top NBA Betting apps
- Unibet USA
- FOX Bet
- Parx Online