NBA Betting (National Basketball Association) is a group of bookmakers or sportsbooks that offer bets on various types of NBA basketball games. These odds are used to determine payouts for winning bets. NBA Betting Odds come in many forms, including decimal odds, fractional odds, and moneyline odds, so it is important for bettors to understand them when betting on NBA games.
NBA Betting Odds: Calculating Probability of Winning
When it comes to calculating the odds of a team winning – there are no rules for American Odds as it is a new odds format, so to calculate the odds of winning you must put the odds in decimals.
- Positive odds, say +200: 1 + (odds/100) = 1 + (200/100) = 3.0
- Negative odds (boxer’s best odds) -200:1 – (100/200) = 0.5
Now that you already have decimal odds, we’ll help you calculate your winnings and implied probability:
Decimal NBA Betting Odds
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Decimal NBA odds is common in Europe, but in the United States, it is used more often than the Americans do for obvious reasons. Converting the American situation to decimals is easy to calculate, especially if you are trying to calculate the probability of winning.
Calculate your potential winnings using decimal odds, you must need to take your odds, multiply them by your stake, then subtract the stake.
- 3.0 odds will be calculated as (3.0 * $10) – $10 = $20 in winnings
- 1.25 will be (1.25 * $10) – $10 = $2.50
To calculate average odds of winning, divide the odds by 1/10, which is 1/3.0. This gives a probability of 3.33%. Odds are an important part of NBA betting strategy and will help you increase your chances of winning in the long run.
Fractional NBA Betting Odds
This is where an elementary school math lesson comes in handy: NBA Fractional Betting Odds. If you see a fractioned number in the test, for example 10/1, this means that the team you choose can win the away game. That way, you can also calculate the probability of winning from the NBA.
Formula may like this: B/(A+B) = %
For example, if you bet on the NBA in a game and have 8/1 odds on the team to win, they have an 11% chance of winning that game.
1/(8+1) = .11 (11%)
Or, if a team has 1/4 odds to win the match, this can be calculated – 4/(4+1) = 0.80 (80%) This team is favored and will likely win the game.
So how much can you win in the NBA draft? It’s pretty simple – whatever coin you win on the right side, you win on the left side.
Therefore, 9/1 odds – for every $1 bet, you’ll win $9.
1/4 odds – for every $4 bet you win $1.
Moneyline NBA Betting Odds
Moneyline odds are a straightforward way to bet on the outcome of an NBA game. Simple and easy to understand and suitable for beginners. Your job is to find out who wins the game – that’s all.
If the Lakers and Celtics play and their odds look like:
- LA Lakers -300
- Boston Celtics +120
If you want to bet on the Lakers, here’s how to calculate their odds:
1 plus (odd divide 100) = 1+(175/100) = 2.75
You’ve done the math, now calculate your odds by dividing 1/2.75 = 0.36 (3.6%).
Small chance of winning, but let’s calculate the winnings on a $50 wager.
(2.75* $50) – $10 = $87.50 in winnings
NBA Point Spread Odds
Advertising is very popular in the NBA and almost all other sports. Split points are designed to provide a significant advantage or game edge in a semi-final game. Different books or sportsbooks decide who the favorite team is and set the spread based on the games between the two teams.
The spread tells you how many points a team should win or lose, depending on which side you bet on. If you play better, their spread will be a bad number and you should win the game. If you pick the lowest game, they must lose or win the game with that number.
The odds can be calculated like any other bet, and in most cases the odds will be lower because you have taken on more risk by choosing a spread position.
NBA Totals Odds
If you are looking for NBA basketball betting lines and you do not count on a particular team, or you do not know which team to bet on, you can bet on all or less than usual. is called. The whole game is simple and you don’t have to choose one team over another. You must decide whether both teams scored more points above or below the goal line.
Generally, the odds for betting on the race will be -110. The odds are not far from 110 or -105 as all bets are safer and less risky than other options.
