Hoops fans can engage in basketball betting throughout the NBA season at the BetMGM online sportsbook.
So, what do bettors need to know about betting on the NBA in Canada?
How to Bet on the NBA in Canada
Wagering on NBA games is very similar to betting on the WNBA. Most markets will be familiar to sports fans who have placed bets on other sports, including football, soccer, and hockey.
The main NBA betting markets at BetMGM are the moneyline, spread, and game total. These will all be shown on BetMGM’s NBA page.
What Are NBA Betting Odds?
There are different ways to bet on NBA odds. Hoops fans can choose to bet on a team to win a game, on a player to grab a certain number of rebounds, or on a number of different selections.
NBA Moneylines
The simplest of NBA bets, moneyline wagers are when a team is backed to win a game, including overtime.
The favoured team will have shorter odds with a minus sign before the odds. The underdog will have plus odds.
For example, the Toronto Raptors could be -180 on the moneyline against the New York Knicks. This would mean the Raptors were favoured.
A $10 wager on the Raptors would have potential winnings of $5.60. On the other hand, the Knicks might be +150 to win the game. A bet on New York would carry potential winnings of $15.
NBA Spreads
Spreads are a means of handicapping the favoured team when betting on the NBA.
The favourite will have a negative spread. For instance, the Raptors might be -4.5 in a game against the Boston Celtics.
A bet on the Raptors would only win if they won the game by five or more points.
Boston would be +4.5 on the spread. A bet on the Celtics would pay out if they won the game or if they lost by four or fewer points.
NBA Totals
The total is available on each NBA game. BetMGM sets a line, and bettors wager on whether there will be over or under that number of points.
For instance, the Raptors and the Philadelphia 76ers could have a total of 210.5.
A bet on the under would win if the teams combined for 210 or fewer points. A wager on the over would pay out if they combined for 211 or more points.
NBA Live Betting
Live betting is very popular on the NBA. Live bets refer to any wager placed after a game has tipped off.
Most pre-game markets, including the moneyline and total, are available through in-play betting.
NBA Props
Prop bets include player, game, and team props.
Team props include wagers like the Raptors to score over 20.5 points in the first quarter. Game props could be a yes/no wager on whether the game will reach overtime.
Player props are focused on the performance of a specific player, such as betting their over/under on points, rebounds, or assists.
NBA Parlays
NBA parlays are when multiple selections are combined into one wager. All of the picks must land for the bet to win.
Bettors can combine different markets in an NBA parlay. For instance, it could include the Celtics on the moneyline with the Raptors to cover the spread.
The Celtics would have to win, and the Raptors would have to cover the spread for the parlay to win.
Can I Bet on the NBA in Alberta and Ontario?
Yes, it is legal to bet on the NBA in Alberta and Ontario.
The content provided in this blog is intended for entertainment purposes only. All views and opinions expressed are the authors and reflect their individual perspectives on sports, betting, and related topics. This content should not be considered professional betting advice or the official views of BetMGM LLC. Please gamble responsibly. If you or someone you know is experiencing issues related to gambling, seek help from a licensed health professional. This blog is not liable for any losses, damages, or consequences resulting from betting activities.
