Basketball is arguably one of, if not the most popular sports in the United States of America. Enjoyed by millions every year, and with professional players becoming minor celebrities, there is no doubt that basketball is one of the most iconic sports that the world has seen in the last century. The fast-paced gameplay, exciting events, and unpredictability of the games makes basketball an incredibly attractive choice for betters, both at a casual and professional level.
As the basketball betting industry has continued to grow in popularity in regions like Canada, so too has the number of betting options available to interested parties increased. This has led to an unprecedented amount of choice when it comes to the types of bets available, which essentially means that there is something for everyone interested in taking part in the sports betting industry.
Basketball Betting: Money Lines
Money Lines are generally the most common type of bet one can find as far as sports betting is concerned, and is also regarded as one of the simplest to learn and make use of. A money line bet consists of a bettor wagering on whether their chosen team will win or not. It’s a straightforward, simple bet that does not require too much research or strategy, and is recommended for newcomers.
While money line bets are perhaps the most common bet available in sports, point spreads are far more common in basketball, and the go to bet for most bettors. With a point spread bet, the bettor will take out a wager on the amount of points they believe their team will either win or lose by. Usually there is a favourite team and an underdog, and bets are made on whether the chosen team will not only win, but win with enough points to cover the point spread.
This type of bet may seem complicated at first, and while it does require a fair bit of learning to fully understand, it can become quite a profitable wager for those that take the time.
Basketball Betting: Parlays
Parlay betting is a more advanced type of wagered, and is recommended for those that have taken the time to learn the game, the teams in question, and can make an educated guess as to the outcome of any events involved. To make a parlay bet, the better will need to select two or more teams at a time, and the bet will only be a success if all the teams selected end up winning. This is an accumulative bet, and the more teams that the bettor chooses, the higher the payout should the wager come up as a success. There is also much higher risk involved with this bet, due to higher degree of unpredictability involved in the entire process.
Basketball Betting: Getting Started
The Internet has provided bettors with more access than ever before, and online betting in Canada has exploded in popularity thanks to this access. This means that more bookmaker sites are offering better services to Canadian bettors, as well as accepting the currency and providing more coherent customer service. All in all, basketball is always a recommended sport to get started on, and bettors can earn both money and experience by learning the different bets and how they function.