Betting on NBA Finals & playoffs
There are also a few different types of bets you can make on the NBA Finals and the playoffs. Wagers on which teams will make the playoffs, who will win in each round, and the team to win the Finals are called “futures” bets; You can also still bet on the individual matchups in the postseason.
In general, the earlier you make your futures bet, the more favorable the odds are that you’re going to get. However, with a bigger field of betting outcomes, there is an increased likelihood that your bet will lose. Timing is key when making your futures bets.
How can you read NBA odds?
Reading NBA odds is a bit confusing, but its the single most important element to NBA betting. Most Massachusetts sportsbooks will list odds in what is called the American format (which is what we’ll be discussing), but once you get more comfortable with sports betting, you may also be able to use decimal, fractional, or implied odds.
When reading American odds on NBA action, you must first identify the “+” and “-” symbols located in the odds grouping. A “+” symbol is used to indicate a betting underdog, which is the perceived less likely outcome to occur.
Oppositely, a “-” symbol shows the betting favorite, which is the more likely outcome. In a head-to-head matchup, you’ll only see one favorite and one underdog, though for futures bets, most outcomes will have a + symbol.
Next, look at the number that comes after each symbol. Numbers after the “-” sign indicate how much money you would need to bet to win $100, while numbers after the + sign show how much money a $100 wager would win.
It’s important to know that you won’t need to bet $100 or more on each wager. Payouts scale proportionally to your stake, so you can find any amount to bet that is comfortably within your financial means.
In instances like futures bets where all outcomes have a “+” sign, the favorite is the one with the smallest number after the symbol. Additionally, if a matchup is expected to be close, it’s possible both outcomes have “-” symbols; in that case, the favorite is the one with the higher number after the “-” sign.
Tips when betting on the NBA
Here are our top tips when betting on the NBA.