Betting
on
Basketball
with
Value
and
Variance
Probably
second
only to
football,
basketball
is one
of the
most
popular
sports
to wager
money on
in terms
of
volume
and
dollars.
With
events
like the
NCAA
tournament
and
March
Madness
and the
NBA
Championship
there is
a lot of
action
thrown
around
on
predicting
the
outcome
of a
basketball
game.
Now as
the
sports
betting
markets
are
becoming
more
advanced
with
things
like
in-running
wagering,
less
restrictions/laws,
in-game
betting,
open
exchanges
and
match
markets,
new
leagues
and more
advanced
props an
influx
of
interested
parties
and
investors
is most
likely
inevitable.
Regardless
if you
are a
highly
advanced
basketball
bettor
or just
a
curious
rookie
there is
always
new
research
to
conduct,
models
to be
tested
and
adjusted
and
lessons
to be
learned.
One of
the best
parts
about
basketball
over say
a sport
like
football
is that
they
play
basketball
almost
every
single
day of
the
season
as
opposed
to once
a week.
Between
college,
international
and
professional
basketball
there is
a
plethora
of
betting
choices
on a
daily
basis
making
betting
on
basketball
conducive
to
bettor
interest.
If you
become
really
talented
at
basketball
betting
it will
be
possible
to beat
these
fluctuating
and
evolving
markets
over
time if
we
utilize
the
right
principles.
Basketball
Betting
Odds
One of
the most
attractive
characteristics
of
basketball
betting
to the
general
population
of
bettors
is that
it is
largely
based on
the
point
spread
system.
Very
comparable
to
football
betting,
total
over/unders
and
point
spreads
in
basketball
are
almost
all
placed
at a
price of
-110. Of
course
most of
know
that
this
means we
are
paying a
price to
the
sports
book or
casino.
This
additional
10%
juice is
a large
part of
the
reason
sports
books
are
successful
and it
is one
more
obstacle
each
basketball
bettor
must
overcome.
What
many
basketball
bettors
often
overlook
is the
fact
that
there
are bets
in
basketball
that do
not
follow
the
common
-110
odds
pricing
convention.
Most
notably
money
line
bets and
player/game
propositions
do not
carry
the
traditional
-110
price
tag in
betting
basketball.
These
type of
bets
should
always
be
considered.
Betting
the
money
line in
basketball
is an
interesting
way to
turn the
odds in
your
favor.
The
money
line in
basketball
is a
wager on
the
outright
winner
of the
event,
disregarding
the
point
spread.
Since
some
teams
are
considered
to have
a better
than 50%
chance
of
winning
the
basketball
game,
money
line
(ML)
bets are
made
using
skewed
prices
and
odds, so
that if
you
wager on
the club
with the
higher
probability
to win
you will
be
required
to risk
more
money
than you
stand to
make.
The
money
line
odds on
a NBA
basketball
game
will
look
something
like:
Atlanta
Hawks
+165
Los
Angeles
Lakers
-185
The
above
basketball
money
line
example
means
that
bettors
taking
the Los
Angeles
Lakers
are
offered
a cost
of
having
to put
up
$18.50
of their
own
money to
win $10
of the
casinos
or
sportsbook,
while
those
willing
to bet
on the
Atlanta
Hawks to
win are
given
odds of
$10 to
win
$16.5.
Another
great
scaled
odds bet
in
basketball
is the
proposition
bet.
This
will be
something
like
betting
Rajon
Rondo to
have
over or
under 11
assists
in a
game or
Grant
Hill
having
over or
under
8.5
points
in a
game.
Each bet
like
this
will
have
various
odds
attached
to it
much
like a
money
line
bet,
based on
what the
perceived
odds of
the
individual
event
happening
are.
Prop
bets can
also
occur
over
quarters
and
halves
giving
us even
more
favorable
odds
options
to bet
on in
basketball.
Basketball
Betting
Odds
This
basketball
betting
article
is
really
meant
just to
get us
thinking
outside
the
standard
basketball
bets
that the
general
public
makes.
We must
think
about
betting
underdogs
and
basketball
money
lines
that
carry
value.
We
should
be
constantly
looking
at
individual
proposition
markets,
quarter
and half
time
bets and
obscure
league
markets
to find
positive
underdog
wagers.
Smaller
markets
with the
ability
to have
the
casino
lay you
odds are
often
hidden
gems
that
provide
easier
roads to
basketball
betting
success.
We
should
always
be
looking
for any
type of
edge to
exploit.
It is
often
about
not
becoming
complacent
betting
just one
way and
especially
if our
past
results
have
been
marginal
at best.
For
basketball
betting
we may
even
consider
a
two-team
parlay
strategy
or some
other
form of
parlaying
and
teasing
that may
yield
greater
results
or at
the very
least
put us
in a
greater
position
to
leverage
positive
expected
value
(+EV).
The key
here for
basketball
betting
is to
make
sure we
are
researching
every
possible
angle
and if
we are
struggling
in
certain
areas to
look to
other
outlets
that we
may have
a far
better
chance
at
beating.
Never
get
stuck in
a rut or
a one
way
train of
thought.
The art
of
betting
on
basketball
can be a
complex
and
mysterious
endeavor.
If you
enjoy
wagering
on
basketball
then it
is about
creating
processes
and
systems
that
work
best for
you and
put you
in the
most
favorable
position
to win
and
enjoy
yourself
at the
same
time.
Remember
think
outside
the
normal
basketball
betting
box and
give
yourself
additional
chances
and odds
to take
your
betting
game to
the next
level.
Find
your
basketball
betting
niche
and look
to
exploit
it. Get
in the
game
today. |
