Ins and Outs of Betting on NBA Playoff Odds
The NBA playoff is a popular betting event of the year. It is important you remember certain things when betting on the NBA playoffs. First, the playoffs are a completely different animal than the regular season. The level of play is much higher, and the games are often more tightly contested. This can make it tough to predict who will win and which team will cover the spread.
Second, there are many different ways to bet on the NBA playoffs. The most popular bet is the moneyline, which allows you to choose your predictions. However, there are also point-spread bets, which can be more complex. In a point spread bet, you are essentially betting on how much one team will win or lose. The favored team will have a negative point spread, meaning they must win by more than that amount to cover the distance. The underdog team will have a positive point spread, meaning they can lose by that amount and still cover the spread.
Finally, keep in mind that the NBA playoffs are a long event. There are four rounds of playoffs, meaning many games to bet on offer more options for bettors. On the one hand, there are more opportunities to win money. On the other hand, it can be confusing to bet on too many games. Read on to know about NBA playoffs betting odds.
2023 NBA Playoff Odds
The 2023 NBA playoffs are still a ways off, but we can still start thinking about who might be in contention for the title with NBA playoff series odds available. Right now, the odds makers have the Los Angeles Lakers as the favorites to win it all, followed by the Milwaukee Bucks and the Golden State Warriors. The Lakers are coming off a championship season, and with LeBron James and Anthony Davis leading the way, they look like they could be in for another deep run.
The Bucks have been a strong league team for the past few seasons. With Giannis Antetokounmpo still in his prime, they could have incredible wins and the Warriors, despite some critical injuries, are still a dangerous team with a lot of talent.
How Do NBA Playoff Betting Odds Work?
With basketball being a popular sport in the world, NBA betting is one of the most preferred destinations by online bookmakers. The NBA has grown immensely for over 60 years, with up to 30 teams worldwide. The NBA playoff is a post-season tournament that determines the league's champion. It is a best-of-seven tournament that happens once a year. All NBA playoffs take place once the regular season and in-play tournament ends. Each NBA playoff round lasts two weeks, while the entire playoff lasts up to eight weeks, from mid-April to mid-June.
In a basketball game, the odds makers will set a line indicating how many points they think the better team will win. For example, the Golden State Warriors might be -5.5 against the Houston Rockets in the playoffs. This means the odds makers think the Warriors will win by at least 6 points.
If you bet on the Warriors, they must win the game by more than 6 points for you to win your bet. If the Warriors win by exactly 6 points, it is a push, and you will get your money back. If the Rockets beat the game or the Warriors lose by any amount, you will lose your bet.
The odds can be expressed as either a positive number or a negative number. A positive number means that the odds are in your favor (you will win more money than you bet), while a negative number means that the odds are against you (you will lose more money than you bet).
For example, let's say you bet $100 on the Warriors at -5.5. If they win, you will win $180 ($100 bet + $80 winnings). If they lose, you will lose your $100 bet.
If a punter wagers on the Rockets in the image below to collect on the bet, the Rockets still have to win at least nine points. The winning score should be 95 for the Spurs and 105 for the Rockets.
Types of NBA Playoff odds
NBA Playoff Moneyline odds
NBA moneyline is the easiest way to wager on NBA playoffs. You are required to pick the team you think will win. Punters who wager moneyline look at current betting odds to tell who the underdog and favorite team is. A negative sign indicates the favorite, while a positive sign indicates the underdog.
For instance, a match between -130 Lakers and Raptors +110 allows you to wager on your favorite winning or underdog losing. The payout is based on odds.
NBA Playoff Point Spread odds (Puck Line)
NBA playoff spread betting is similar to NLB betting. If two teams are not evenly balanced, you have a chance to even the odds. A match between the Nets (-110) with a -6.5 spread and Knicks(+110) with -6.5, for instance, means if you wager on the Nets, they need to beat NewYork Knicks with at least 7 points. Consequently, if you wager on the Knicks, they must lose with up to 6 or more points.
NBA Playoff Over/Under odds
This betting allows you to wager whether a team will get more or less the points in the prediction. For Lakers vs. Raptors, with total points of 212, an over means the total score in the games final ought to be 213 or more. The final score ought to be 211 or less to win on the under.
NBA Playoff Prop odds
You can wager on different facets rather than the final score with NBA prop bets. Punters wager on facets like team performance and individual players.
NBA Playoff Parlay odds
Parlay bets allow you to combine two or more wagers with the same slips. A parlay uses moneyline from one game and totals from another. Further, it may use a spread from a third game. All your selections must win or lose to win in a parlays bet. Parlay betting allows you to combine college basketball with other sports on your NBA playoff pick em. A parlay ticket may look like; Bulls vs Laver OVER + Nets Moneyline + Dallas spread.
NBA Playoff Betting Tips and Strategies
You cannot always predict the right win or loss since betting is based on luck. Notwithstanding, employing NBA betting tips and strategies gives you an upper hand and greater chances of success.
Check the best betting lines
During wagering, leverage the best value for your money. Experts recommend you do line shopping. Check out the best lines from different sportsbooks before making your decision.
Use surebets
Several bookmakers allow punters to profit from certain variations in odds. With sure bets, you benefit regardless of how the event turns out. Surebet allows you to locate profitable arbitrage opportunities.
Take small wins and profits
Betting requires patience. Take your time to make huge wins. Every punter wants to make huge wins, but that may take time. Take small wins, and within an extended period, you realize you have made more money than you thought. Nonetheless, be calculative while placing bets with the most effective odds from reputable bookmakers.
NBA Playoff Odds FAQs
When are the 2023 NBA Playoffs?
The 2023 NBA playoffs are scheduled for 15th April 2023.
How to watch the NBA Playoffs?
You can watch NBA playoffs on your cable television or sign up for live streams on TNT, ABC, ESPN, and NBA TV.
Which are the best NBA Playoff betting sites?
Some of the most reputable betting sites for wagering NBA games include Draftkings, Caesars, FanDuel, Barstool, and BetMGM sportsbooks.
What are the odds for the NBA playoffs?
NBA playoff odds differ based on different sportsbooks. Check out what your preferred sportsbook offer.
Where can I place a bet on the NBA?
Some of the most reputable sportsbooks to wager on NBA include Draftkings, Caesars, FanDuel, Barstool, and BetMGM sportsbooks.
