Last updated on: November 14th, 2022
Legal NBA Betting
The NBA is one of the oldest sports that you can bet on with legal online betting sites and this area of betting has expanded tremendously with several different odds types that you can choose to bet on. While the NBA betting odds offered on these online betting sites are great, there are several other features that they offer that you can look forward to. That includes being able to bet on the NBA with cryptocurrency, betting on them from your phone, and platforms that are meant to give you a great betting experience.
- Constantly updated NBA Finals odds
- NBA betting bonuses up to $1,000
- Quick sign up process across all betting sites
- Payouts in different methods
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.
- Bet MLB Specials
- Daily 5 Inning Lines
- Live Baseball Odds
- 50+ Bets Per Game
- MLB H2H Comparison
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.
- Reliable Banking Methods
- Strong Server Connection
- 10+ Year Track Record
- Huge Assortment Of Odds
- No App Mobile Betting
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.
- Huge Player Bonuses
- Consistent Odds
- Easy Interface
- Rapid Live Betting
- Legal In Hawaii
SportsBetting compares best to the famous “Seven Second or Less” Phoenix Suns teams not just because of their speeds of deposit, but because they are such an important part of NBA betting history. SportsBetting has helped set the standard for fast deposit speeds ever since its inception back in 1998. That year may be notable to basketball fans because it was the last season Michael Jordan won an NBA title, but to NBA bettors it is really important because that was when SportsBetting was launched.
- Efficient Site Layout
- Full Mobile Betting Suite
- Available Customer Service
- Trustworthy Banking Options
- Fast Payout Times
Founded the same year that LeBron James made his first NBA Finals, XBet has proven time and time again to be a trusted NBA sportsbook. XBet provides odds on every regular season and postseason game, with an in-depth prop betting catalog for each as well. Betting on the NBA via XBet can be done from every state, making it one of the country’s best and most versatile legal NBA betting sites.
- Worry-free Legal Betting
- Exclusive Bonus Offers
- Constantly Updated Odds
- Premier User Experience
- Full Mobile + Live Betting
Odds To Win 2023 NBA Finals
Legal NBA Finals odds are updated nearly every day at NBA sportsbooks, with every major piece of news, performance, and injury playing a factor in how the odds change. Updated odds on the favorites for the NBA Finals can be found below, with a complete list of NBA Finals odds available here.
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.
NBA Playoff Trends
The NBA playoffs are one of the biggest times of the year for NBA bettors as all the games hold tons of weight and tons of value from a betting perspective. In situations like this, trends do hold weight as well and should be considered when deciding on who to bet on in a single game.
- The last 8 NBA Champions have been #1 or #2 seed in their conference.
- Other than 208 Cleveland Cavaliers, the 2010 Boston Celtics and 2020 Miami Heat are the only teams lower than #3 seed to make the finals.
- Point total unders in the last seven payoffs have cashed at a 54% rate.
- Game 7 unders in the playoffs have cashed 61% of the time.
- Top 3 seeded teams that lose Game 1 of a series have gone on to win Game 2 65% of the time.
Shop NBA Betting Lines First
Line shopping is one of the most important things that you can do when betting on the NBA as it is how you find the most value for your bet. As for how to line shop, you’ll need a sports betting account with more than one NBA betting site. Using the Philadelphia 76ers odds to win the NBA Championship as an example, their odds differ between Bovada and DraftKings.
When betting on the 76ers NBA Finals odds, Bovada is offering more value on their odds than DraftKings. Betting $100 on their odds on Bovada would offer a payout of $2,000 if they came out on top compared to the $1,800 payout that you would make on their DraftKings odds on that same $100 bet.
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.
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.
2023 NBA Draft Odds
Popular NBA sportsbooks BetOnline has begun offering odds on the 2023 NBA Draft. Victor Webanyama is the heavy favorite to go first overall, with his odds to be the top pick opening at -1000 over the rest of the entire field. Scoot Henderson was the only other player to individually receive odds, which were +1000. All other players were given +825 odds combined to be the top pick next June.
NBA Betting With Cryptocurrency
The NBA and betting world have both adapted very well to the crypto world as betting sites will let you deposit and withdrawal with crypto while some NBA teams themselves will let you make purchases with it as well. There are tons of cryptos that you could choose to bet with ranging from world-known coins such as Bitcoin and Ethereum down to smaller altcoins in Ripple and Apecoin. It doesn’t matter which crypto you choose from, you’ll be able to transfer funds directly to your accounts from your crypto wallets in a quick and secure manner.
- Bitcoin Cash
- Bitcoin SV
How To Register For An Online NBA Betting Site?
To get started with betting on the NBA, you’ll need to register for an online betting account first and they are extremely simple to get started with. You’ll be required to give some basic information to get your account up and going, but as a whole, the process would take anyone just a few minutes to complete from the moment you start to having funds deposited to your account.
- First/Last Name
- Date of Birth
- Zip Code
- Phone Number/Email
- Create Password
- Choose Deposit Method
- Select Welcome Bonus
Requesting A Withdrawal From A Legal NBA Online Sportsbook
Requesting a payout from an online NBA betting site is simple and doesn’t require much thought other than following the process and confirming you are making a withdrawal. The betting sites even go as far as listing out the process for you to follow. The entire process for requesting a withdrawal can be found right here.
- Select the “payouts” tab from your account
- Choose the payment method you want to request your withdrawal with
- Enter how much of that currency you want to withdraw from your account
- Confirm with the betting site that you are the one making the request
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
- Wire Transfer
- Money Order
Collecting Your NBA Betting Winnings
You have many different options when it comes to getting paid out your winnings from an online NBA betting site. The first thing for you to note though is that if you make a deposit with your credit or debit card, you’ll need to select one of the other accepted methods to make a withdrawal as you are prohibited from withdrawing back to your cards. Also, you can only make a cryptocurrency withdrawal if you made your initial deposit with that specific cryptocurrency. Regardless of which method you choose though, you’ll likely be met with fees depending on your desired method, processing times, and transaction limits.
NBA Betting Withdrawal Methods
- Wire Transfer
- Check By Courier
- Money Order
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 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.
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.
Futures betting is one of the most popular bets that you can make on the NBA season. Depending on which NBA futures odds you’re looking at, they can open as early as the day after the NBA Finals from the season prior. It is also worth noting that futures odds shift all throughout the regular season and even offseason depending on what is happening at that point. Different NBA futures odds include NBA Championship odds, conference championship odds, division championship odds, MVP odds, Rookie of the Year odds, and several more.
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.
Parlay betting is where you are betting on two or more NBA betting lines in the same bet. What you do is choose whichever gamelines, player props, or game props, and the sportsbooks will set combined odds for them. You can intertwine them as well and parlay gamelines with player props.
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.
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:
- Google Pixel
- Samsung Galaxy
- LG Wing
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.