As one of the most popular sports in the US, basketball betting is set to explode as online sports betting spreads across the country. Both the NBA and NCAA are ripe full of great betting opportunities if you have the right basketball betting strategy. To learn more about betting on basketball online and where to place your online bets read the full review found below.
Since the repeal of the federal ban on sports betting in the US under the Professional and Amateur Sports Protection Act (PASPA), eight states have legalized basketball and sports betting while over two dozen have bills in the pipeline. The states in which sports betting is currently legal are Delaware, New Jersey, Mississippi, Oregon, Montana, West Virginia, Pennsylvania and Rhode Island.
Of the states with legalized sports betting, New Jersey has seen the most amount of growth in the online sports betting market and is available to bet on basketball all over the region. Many of the top casinos in the region have added sportsbooks to their repertoire and subsequently added an online component to allow their users to place wagers over the internet. Some of the more notable sportsbooks include: DraftKings Sportsbook, Betstars NJ, Fanduel Sportsbook, 888 Sportsbook NJ and Sugarhouse Sportsbook.
Pennsylvania, much like New Jersey, has opened a variety of land-based sportsbooks across the state via casinos, however are not as far along in terms of online betting. It is expected that Pennsylvania will be making the move to online casinos, however, in the 2019 calendar year with top sports betting sites such as FanDuel and William Hill already announcing plans to expand into the state.
West Virginia is in a similar position as Pennsylvania, with a number of sportsbooks showing intent to enter the market. BetLucky Sportsbook has already been able to set up an online version of its sports betting platform and provide a great option for basketball betting for WV-based users at the moment.
New York is one of the biggest sports betting markets which are being targeted by online sportsbooks. There still haven’t been no real signs of online sports betting being brought into New York legislation, however sportsbooks seem optimistic of entering the NY market within 2019.
While states such as Mississippi, Rhode Island and Delaware have legislation backing their online sports betting markets they have yet to start moving into the space. It is assumed, however, that these states will eventually get there considering the large sportsbooks which have shown intention to enter the states. Montana, Arkansas and Oregon have started the process of getting sports betting legalized in their states with limited sports pools and parlay sports betting being introduced. Again, it seems that these states are looking into the full legalization of sports betting and are expected to make headway within 2019. The following states have considered or passed laws regarding the legalization of sports betting in the past couple years and are well on their way to full sports betting status: California Kansas Oklahoma Iowa Missouri Illinois Indiana Kentucky Ohio Michigan South Carolina Maryland Connecticut Louisiana
Basketball betting is available at almost every online sportsbook in the US, with both NBA lines and NCAA basketball betting available on a daily basis. In general NBA betting odds are quite similar amongst most sports betting sites due to standardization of odds, however some online platforms have been known to offer NBA odds and NCAA odds than others. The following is a list of four of the top basketball betting sportsbooks currently available in the US for online bettors:
The SugarHouse Sportsbooks is currently available for betting in the State of New Jersey and has shown its intention to expand to the Pennsylvania market early in 2019. The sports betting site features a wide range of betting options which include basketball wagering on both pre-match and live betting NBA odds and NCAA basketball betting odds. One of the key selling points of the SugarHouse Sportsbook is their excellent mobile app that can be used for basketball betting anywhere within state boundaries. The app is available on both iOS and Android devices. At the moment SugarHouse is providing all new users with a Welcome Bonus worth up to $250 on a user’s first deposit, ideal for new users looking for a head start.
The uber popular fantasy sports betting site FanDuel has begun its transition into the sports betting industry, setting up shop in New Jersey, Pennsylvania and West Virginia. With a healthy customer base already attached to the platform the sportsbook seems positioned for success. Basketball betting will feature as one of the major sports at FanDuel, allowing its users to bet on a variety of prop bets to go along with lines and live betting of NBA and NCAA games. A FanDuel Mobile App is available on both iOS and Android for mobile bettors. New users who join the FanDuel today are entitled to the FanDuel Welcome Offer, giving them a chance to get a risk free bet of up to $500 if their first bet on the platform loses.
The BetLucky Sportsbook is the only online sports betting site running in West Virginia at the moment. While many other top sportsbooks such as FanDuel and William Hill are hot on their heels, BetLucky has been able to build up a following and is expected to keep doing so in 2019. Both NBA lines and NCAA basketball betting are available at BetLucky with comparable NBA betting odds to other New Jersey-based sports betting sites. The site is also available via mobile app on both Android and iOS which can be accessed anywhere within West Virginia. The Welcome Bonus at BetLucky for new users at the moment features a double on all first bets for up to $20. This means if you deposit and make a first bet of $20 you will get an extra $20 in bonus money for free.
NBA betting odds gives you the chance to wager on your favorite NBA teams with both pre-match and live betting options available at most sportsbooks. In general NBA betting odds are very similar from sportsbook to sportsbook. Pre-match bets generally feature a wide range of NBA betting odds on markets such as NBA lines, handicaps, over/under, half time winner etc. Outright bets for the NBA Championship are also available at most sportsbooks. Regular season, playoff games and even preseason games are all available for betting at the top betting sites with special bets on the All-star game, NBA Finals and NBA Draft available as well on certain sites.
NCAA basketball betting is available throughout the college season, featuring betting markets on almost every game whether the teams are ranked at the top or bottom of their respective divisions. March Madness in particular gives bettors the opportunity to bet on hundreds of games at the NCAA Tournament which on some sportsbooks include bracket bets and jackpots.
NCAA & NBA odds can come in a number of formats. The most likely formats which you will encounter when basketball betting are American odds, Decimal odds and Fractional odds. Most online sportsbooks give users the option to switch between odds types to their preference. Decimal odds simply give you odds using a decimal number. So for example if the NBA odds on a a bet are 2.40, then you will receive 2.40 x (Your Wager) if your bet wins. Fractional odds are similar but use a fractional system instead of the decimal. So for example a 5/2 NBA odds bet will give you 5/2 X (Your Wager). American odds are slightly different to the other two. American odds returns are indicated relative to 100 unit base figure. So with money odds, whenever there is a minus (-) you lay that amount to win a hundred dollars, where there is a plus (+) you win that amount for every hundred dollars you bet.
To bet on basketball you will first have to register for a betting account at a sportsbook of your choice and fund your account. After you have successfully funded your account you may use the following step by step guide to place a bet: Click on the odds of the basketball game you would like to wager on. The odds will pop-up on a betting slip on the side of your browser or app. Type in the amount you would like to wager into the bet amount field. Click on the ‘Place Bet’ button to complete the bet. In the case of parlay bets you may click on all the games you would like to parlay and type in the wager account into the ‘Parlay’ or ‘Accumulator’ field.
In addition to NBA Lines and NCAA pre-match betting most sportsbooks will give you the option of live betting on basketball. With live betting users will be provided with up to the second odds on select basketball matches. The fluctuating odds provide users with a variety of different betting opportunities based on the state of play. With live betting both NCAA basketball betting and NBA lines should be available on select games. Most sportsbooks provide a schedule of games which will be available for live betting ahead of time.