There are three main ways to show the NBA odds with each being used in different countries around the world. On most sports betting sites in Canada, bettors will be able to change how the NBA odds are displayed to them, with these worth knowing.
Decimal NBA odds
The easiest NBA odds to understand as they included the stake back with your bet online. If you place $1 on a selection at odds of 11.0, you will win $11 back if the bet on NBA is successful. These are the best way for a novice NBA bettor to start as it is the clearest way of displaying what will be returned.
American NBA odds
These are the NBA odds that you will find at American sports betting sites which are denoted by a – or a +. The lower the number, the more favoured the team with the NBA odds denoted to a $100 stake, though that does not mean you have to stake that much. -1000 would mean you have to put on $1000 to win $100 while +1000 would mean a $100 stake would win you $1000 plus your $100 stake back.
Fractional NBA odds
You will not come across these NBA odds very often in Canada as they are used more in Europe for horse racing betting. With more and more UK-based betting sites entering the North American market, it could be that these NBA odds are seen a little more but even in the UK they are starting to be replaced by decimal odds.
They are made up of a numerator (top number) which denotes the return for the denominator (bottom number) which denotes the stake. So NBA odds of 10/1 would return $10 for every $1 staked, plus your stake back.
What bet markets are available for NBA odds?
When placing a bet on NBA, you’ll encounter a diverse range of betting markets to place your wagers. While this isn’t an exhaustive compilation, these are some of the most sought-after options where you’ll discover NBA odds in Canada.
Moneyline odds
This is the best place to start your online betting with NBA odds. With moneyline bets, there are only two outcomes available, either Team A wins or Team B wins the NBA game. This simplicity and ease of understanding NBA odds make it perfect for a novice bettor who is only tasked with finding the winner of a game to land a return.
Point spread odds
The next step up from NBA odds on predicting which team is going to win the game is the point spread odds as you can try to predict how much a team will win or lose a game by. This is a NBA bet market where an imaginary handicap is placed on the favoured team to give the underdog more of a chance. As a general rule, the NBA odds will be equal on both sides of the ledger.
Take the Toronto Raptors on the road at the Denver Nuggets for example. The Nuggets might have a -10 handicap to start the game which means that bettors placing a bet on this would need the Nuggets to win by 11 or more points for the NBA bet to be a winner. On the other side, Raptors backers at +10 could still have a winning NBA bet even if the Raptors lose by nine points.
Over/under odds
This is NBA odds for a bet market based on the total number of points in a game. Depending on the two teams that are playing, most NBA games have a line in the 210-250 area. If the line is 230 and you feel that there will be 231 or more points scored in the game you would place your NBA bet on the over side while if you think that there will be 229 or fewer points you would place your NBA bet on the under.
These lines can move a little bit as money comes for one side or the other as the sports betting sites in Canada look to keep the NBA odds for each of the two outcomes around the 1.91 mark as decimal odds. Different betting sites can have slightly different totals on each game so find the one the NBA odds that best reflects your opinion on the game.
NBA prop bets
A prop bet is simply betting on NBA for something to happen within the game. It does not require the game to end for the bet to land so can be a good NBA bet for those who only have time to watch a small portion as you can bet on teams to win the first quarter or for the first team to reach 20 points.
You will be able to find a lot of NBA prop bets on individual players, so if Player X has always produced huge numbers when taking on the Sacramento Kings then you can have a NBA bet on that person scoring 30+ points. You can bet on a player to score the first basket of a game if you want, the NBA odds are normally high on this bet market but you only get a single shot at a winner so it is a risky one to play.
There is a huge amount of opportunities on every game when it comes to NBA prop bets so they are well worth digging into, especially if you know a certain team very well. In that case, you should be able to spot NBA odds that are wrong on the team or a player doing something specific in the game.
NBA parlays
A NBA parlay bet is sometimes known as an accumulator as it is made up of an accumulation of selections (most sports betting sites will accept up to 20) that all need to win for the NBA bet to be a successful one. If there is every NBA team in action on one day there will be 15 different games. Picking the winner of each game could make up a 15-team parlay bet on NBA. Winning this type of bet is very difficult as there are so many predictions to get correct all at the same time but these NBA odds are high so the return is even higher which always makes it a popular choice in Canada.
It is not just the moneyline market that can be placed as a bet on NBA when it comes to parlays, you will be able to do a NBA parlay on the point spread and the over/under betting markets as well or for those who really want to pick and choose, most sports betting sites in Canada will allow you to make a NBA parlay made up of a combination of them all as long as there is not more than one selection in a game. For example, you could not combine the Raptors to win on the moneyline and the Raptors on the point spread in the same NBA parlay.