Last updated on: October 3rd, 2022

Legal NBA Betting

The NBA is one of the biggest and most-watched sports in the world. That extends to the popularity of legal NBA betting during the season and postseason. NBA betting sites even have odds in the offseason surrounding the draft and free agency. With 1230 games played, the wagering opportunities are abundant. Some of the best NBA players come from outside of the US and so do the best NBA sportsbooks. Sportsbooks have spread outside of Nevada and have made their way to over half of all states. Betting on the NBA in these states is as easy as heading down to the sportsbook or logging in to a betting app. However, if you live in a state without one or want better options, then look at online sportsbooks. Use these sites without fear of the law to understand how NBA betting lines work. On this page, find the best NBA betting practices to take you all the way to the NBA Finals.

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Odds To Win 2023 NBA

The NBA Finals is the accumulation of the entire NBA season where the best teams in both conferences meet up and battle for league supremacy. Sportsbooks host odds for 2022 NBA Finals even before the season starts giving futures betting fans the option to wager early. For the 2023 NBA Finals odds, the Celtics, Nets, Warriors, and Clippers all opened with +600 odds.

How Legal NBA Betting Works

While there are many options for legal sports betting on the NBA, there are a few key steps you should take before throwing your money at every game. These three checkmarks are simple ways that every responsible sports bettor takes in order to make the most out of their wagers. These will apply to any sportsbook of your choice, no matter if you’re choosing to use an online betting site or land-based sportsbook.

Shop NBA Betting Lines First

NBA betting lines can vary from one sportsbook to the next. One of them may have the Golden State Warriors listed at (-3) betting odds, another may have them at (-10). Even though they are the favorite to win that particular matchup in this scenario, your spread bet could be influenced heavily by the line you choose to bet on. Payouts for these bets can vary as well. One of them may have a moneyline set for Golden State at (-150) while another may have them at (-120). In this example, by simply exploring your options and shopping lines you can save 30 dollars on your NBA bet. This is why many sports bettors tend to have more than one online sportsbook account.

NBA Playoff Trends

The NBA playoffs are the most exciting games of the year since each team goes all out in pursuit of the NBA championship. Despite the current idea that the regular season does not matter in the playoffs, historically, the highest-seeded teams are the ones who make and win the NBA championship. The last eight NBA title winners were either the first or second seed in their respective conferences. Outside of the 2018 Cleveland Cavaliers, the 2010 Boston Celtics, and now the 2020 Miami Heat no other team has made the finals that seeded lower than third in their respective conferences over the last eight years. There have been 20 times since the 1999-2000 season that a lower-seeded team has upset a number one seed and advanced to the finals. What this shows sports bettors is that the two teams facing one another will most likely be at least a top-three seed in their conference. It is also fairly common for a number one seed to lose in the playoffs, making for some interesting longshot odds as the playoffs persist.

#1

Bovada Sportsbook

Year-Round NBA Betting

Bovada features an extremely wide range of NBA futures odds and NBA game lines and props. Even before the season starts, NBA betting is available at Bovada in the form of predictions, picks and other futures style wagers. During the season, every game will have odds on it, and individual players in that game will have odds as well, meaning that there will be hundreds of bets to place on each game of the NBA’s 82 game season, each one a chance to win significant sums of money.

Ratings: 5 Star Rating

  • Accepts USA Players
  • Great Selection of Odds
  • Easy Deposit Methods
  • Fast Payouts
  • Easy to Get Started

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#2

BetOnline Sportsbook

NBA Betting Across America With Crypto

NBA bettors can use BetOnline to do two things that state-regulated sportsbooks cannot do – bet on the NBA with cryptocurrency, and bet on the NBA across America. Cryptocurrency betting can only be found at international sportsbooks like BetOnline, while BetOnline’s 45+ states served make it one of the most widespread sportsbooks in America, and the fact that it serves so many states is a big draw, especially since the biggest state-regulated books serve in the mid-teens.

Rating: 5 Star Rating

  • Reliable Banking Methods
  • Strong Server Connection
  • 10+ Year Track Record
  • Huge Assortment Of Odds
  • No App Mobile Betting

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#3

MyBookie Sportsbook

Bet On All Aspects Of The NBA

Built for those who want to spice up the game by making fun wagers on it, MyBookie features odds not just one the NBA, but on the fanfare around the league. The NBA is the most social media friendly sports league, and you can bet on all sorts of NBA drama when you bet at MyBookie. During the offseason, the most popular bets at MyBookie are team win totals, and they’re posted early and updated often, so there’s lots of opportunity to hit a valuable play.

Ratings: 5 Star Rating

  • Huge Player Bonuses
  • Consistent Odds
  • Easy Interface
  • Rapid Live Betting
  • Legal In Hawaii

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Betting On The NBA MVP

One of the most coveted awards in the NBA is the NBA league MVP award that is given to the standout player every year. Since this award is one of the biggest, sportsbooks see a lot of action being placed every year on who will win. The league MVP award is usually all about narratives, changing criteria each season. One year the best player on the most winning team will one, another year the player who is having the greatest statistical year will win. Because of this, the league MVP award is the most unpredictable award year in and year out so early betting could lead to major wins should a player you pick wind up with a legendary season. Currently Nikola Jokic of the Denver Nuggets has won the award two years in a row at +2500 and +1600 and has a chance to become just the second player in history to win three straight.

Betting On Future Parlays For The 2022-23 NBA Season

Between betting on different teams making the playoffs, preseason favorites to miss, or a combination of the NBA Finals and regular season MVP winner, legal sports betting sites have future parlays for all of the above. As the current MVP favorite, Luka Doncic has +400 odds to win and the Celtics have +600 odds to win the 2022-23 NBA Finals. Bovada sportsbook has a future parlay that combines both of these season props and offers +4000 odds for the preseason wager. Along with this future bet, Bovada offers many other future parlay betting combinations.

2022 NBA Defensive Player of the Year

The NBA Defensive Player of the Year (DPOY) award is one of the biggest awards every year and betting fans place heavy action on who will claim the award every season. This award is based on the player who has shown the most lockdown defense on the season and is highly debated constantly among fans and sports analysts, making this an unpredictable betting line. Some voters may lean towards betting on a rim protector, while others may lean towards betting on a defensive wing stopper. With the criteria changing constantly, anyone can win any given season making this award a perfect attraction for sports betting fans. Just to show how things can swing with the DPOY award, Marcus Smart (+4000) became the sixth guard to win the award in history.

Betting On The Most Improved Player

The NBA Most Improved Player (MIP) award does not have any set criteria but is always one of the most exciting awards given out every season because it anoints a player that had a breakout season and may have become an All-Star. MIP debates often revolve around if former top picks should be eligible, given that they were expected to become stars following rookie seasons. Despite those debates, the past three winners, Ja Morant (+3000), Julius Randle (not on original odds boards), and Brandon Ingram (+4000), have taken home the award despite lottery pick status. Previous top picks such as Anthony Edwards (+900), Tyrese Haliburton (+1200), Zion Williamson (+1800), and Cade Cunningham (+2000) all entered the 2022-23 season as the favorites.

Betting On the NBA Sixth Man of The Year Award

The NBA Sixth Man of the Year award is a major attraction at online sportsbooks. This award has gone to many big names who come off the bench, and due to the candidates being role players, it’s harder to predict who will have that impact to win the award. Knowing a team’s full roster is important to predicting which standout bench player will lead to major wins at online sportsbooks.

Betting On the NBA Rookie of the Year Award

The NBA Rookie of the Year Award is one of the biggest NBA awards every season. The best young prospects see their odds shift with each big game or poor performance, and the NBA Media’s narratives greatly affect this award. The first-year players who are making the most noise around the league are the main ones that betting fans should look out for. Odds for the NBA Rookie of the Year award are available as early as right after the NBA Draft. Betting fans can place action on futures odds, taking players’ long odds long before the season starts. This is the best way to play, as the odds will net bigger returns if the wagered rookie ends up winning.

NBA Offseason Moves That Shifted Odds

Christian Wood Traded From Houston Rockets To Dallas Mavericks (June 2)

Trade Details
  • Mavericks Acquire: Christian Wood
  • Rockets Acquire: Wendell Moore, Sterling Brown, Marquese Chriss, Boban Marjanovic, Trey Burke
Odds Movement
  • Mavericks: Pre Trade (+6000), Post Trade (+2000)
  • Rockets: Pre Trade (+100000), Post Trade (+200000)

Dejounte Murray Traded From San Antonio Spurs To Atlanta Hawks (June 30)

Trade Details
  • Hawks Acquire: Dejounte Murray, Jock Landale
  • Spurs Acquire: Danilo Gallinari (Bought Out), 4 First Round Picks
Odds Movement
  • Hawks: Pre Trade (+8000), Post Trade (+4000)
  • Spurs: Pre Trade (+300000), Post Trade (+350000)

Rudy Gobert Traded From Utah Jazz To Minnesota Timberwolves (July 6)

Trade Details
  • Timberwolves Acquire: Rudy Gobert
  • Jazz Acquire: Malik Beasley, Patrick Beverley, Leandro Bolmaro, Walker Kessler, Jarred Vanderbilt, 5 First Round Picks
Odds Movement
  • Timberwolves: Pre Trade (+12000), Post Trade (+7000)
  • Jazz: Pre trade (+2500), Post Trade (+3000)

Malcolm Brogdon Traded From Indiana Pacers To Boston Celtics (July 9)

Trade Details
  • Celtics Acquire: Malcolm Brogdon
  • Pacers Acquire: Daniel Theis, Aaron Nesmith, Malik Fitts, Juwan Morgan, Nik Stauskas, 1 First Round Pick
Odds Movement
  • Celtics: Pre Trade (+600), Post Trade (+600)
  • Pacers: Pre Trade (+50000), Post Trade (+100000)

Donavan Mitchell Traded From Utah Jazz To Cleveland Cavaliers (September 3)

Trade Details
  • Cavaliers Acquire: Donavan Mitchell
  • Jazz Acquire: Colin Sexton, Lauri Markkanen, Ochai Agbaji, 5 First Round Picks
Odds Movement
  • Cavaliers: Pre Trade (+9000), Post Trade (+3500)
  • Jazz: Pre Trade (+3000), Post Trade (+50000)

Making Deposits At Online Sportsbooks

To get started with betting on the NBA, you’ll need to make a deposit into your online sports betting account first. You can make a deposit into your betting account with several different financial methods ranging from credit and debit cards to different forms of cryptocurrency and everything in between. The thing to note about depositing with any method on any betting site is that there could be deposit limits to follow, possibly some fees, and processing times as well.

NBA Deposit Methods

  • Credit/Debit Card
  • Cryptocurrency
  • Echeck
  • Wire Transfer
  • Money Order
  • MatchPay

Claiming NBA Betting Bonuses

Bonuses play a crucial role in your decision to sign up for an online sportsbook and they should. Some online NBA betting sites offer you up to $1,000 just for signing up and making your first deposit with them. Some of them even offer lifetime bonuses that give you bonus credits every time you make a deposit into your account. The great thing about all of these bonuses that they have to offer though is that you aren’t limited to just one bonus at one online betting site, you can sign up and use bonuses at every online betting site.

  • Bovada: 50% First Deposit Match Up To $250
  • Bovada: 75% First Crypto Deposit Match Up To $750
  • BetOnline: 50% First Deposit Match Up To $1,000
  • BetOnline: 100% First Crypto Deposit Match Up To $1,000
  • BetOnline: 25% Reload Bonus Up To $250 on Every Deposit
  • BetOnline: 35% Crypto Reload Bonus Up To $350 On Every Deposit
  • MyBookie: 100% First Deposit Match up To $1,000
  • MyBookie: 25% Reload Bonus Up To $250 On Every Deposit

NBA Betting Wager Types

Moneyline

Moneyline NBA odds are the simplest of NBA bets that you can make as it is just betting on the overall winner of a single game. Depending on the odds of the game, payouts can differ based on the favored and longer odds.

Totals

Betting totals are easy to understand as you are just betting on the total combined points in a single game from both teams. With these odds, you are betting on whether the total points will go over or under the set total.

Spread

Betting on the spread is similar to betting on the moneyline, however, it has to do with the winning margin between the winner and loser of the game. You can either bet on the margin the winner will win by or by how much the underdog will lose by.

Player prop/Team prop

Player and team props are what make betting on the NBA enjoyable. Here you can bet on specific player performances such as their total points, rebounds, assists, and more. As for the team prop odds, you can bet on first and second half odds, total three-pointers, total rebounds, and many more aspects of the game.

Other Ways To Bet On NBA Games

There are other ways to bet on NBA games and one of the most popular includes futures bets. These are based on possible outcomes that can happen well before the season even starts. This could include possibly betting on the Golden State Warriors to win the Western Conference, betting on the 76ers to win their division, betting on the Lakers to make the playoffs and more. The odds listed for futures bets change throughout the course of the season and will often provide the best payouts at the beginning of the season.

Bovada NBA Betting

Live Betting

Live betting on NBA games is the most fast-paced form of sports betting there is. That’s because while all the other wagering types we discussed are locked in at opening tip-off, live bets are placed as the game is playing out in real-time. If you think a certain player is going to miss an upcoming free throw then you can bet on it. If you believe an upcoming inbound play is going to result in a turnover then you can bet on that too. These odds change frequently so you have to be quick in order to make the most out of every NBA game. Read more about live in game betting here.

Mobile NBA Betting

With these online betting sites, you won’t have to worry about being next to a computer to bet on the NBA as they each offer some incredible mobile betting platforms. These sites have optimized their sites to offer you all of their features from any handheld device that has access to the internet. All you have to do is enter the sites URL to the web browser on that device and log in as you would on any computer. Once you log in, you can place bets, use bonuses, deposit, and withdraw all from the palm of your hand. Some of the popular mobile betting devices to use include:

  • iPhone
  • Android
  • Google Pixel
  • Samsung Galaxy
  • LG Wing
  • iPad

​Online Versus Land-Based NBA Betting

Betting at land based sportsbooks has benefits, but so do legal online sportsbooks. Land-based NBA betting is oftentimes found in a casino setting. There are plenty of TVs to watch games as well as food and drink available while you watch your bets play out. But, land-based sports wagering comes with hidden costs (travel, hotel, etc.). If you plan to bet on a popular home team then you could see inflated betting lines as well.

This is the advantage that comes with betting on the NBA online. You can bet on the NBA wherever you have an internet connection. You’ll be able to see the fairest betting lines for any game that’s about to tip-off. They also come with promotional deals and bonuses to take advantage of. With many ways to deposit into your NBA sportsbook, these are a few differences. The best benefit with online NBA betting is the ability to bet live and in-game.

NBA Action