10 Common NBA Betting Terms

The NBA, or basketball in general, is a fast-paced end to end game. Hence, it is one of the most exciting betting markets you can bet on. But the gambling industry is also competitive , so you have to be highly-knowledgeable to compete against the bookmaker and other bettors. With that, you need these 10 common NBA betting terms:

Point Spread - the handicap given by the bookmaker towards the favored team and the underdog. The team expected to win by the oddsmakers is called the favorite, while the team expected to lose is called the underdog. 

ATS ("against the [point] spread") - You will always encounter this when betting on NBA. The most commonly used betting phrase is ATS or Against the Spread. This means that a bettor is wagering against the betting line where the stake will be decided by adding points to one team or the other after the game

Accumulator - If you love to try exotic bets, you should know this term. Accumulator is a bet consists of 2 or more selections (similar to parlay and all up betting), where the payout from the first winning bet is placed on the next bet and the succeeding ones after that.

Back - A term used in betting exchange sites. In here, you bet that an outcome is going to happen, opposite of “Lay”.

Bookie - another term for bookmakers or sportsbook. 

Cover - this term is an action that needs to be done to beat the spread. Related to ATS, covering the spread means winning by a certain margin or losing by less than a specific number over the bets placed on the favored team or the underdog. 

Halftime Bet - a bet made after the first half ended and before the second half of the round begins. Apart from NBA betting, this is also use in football betting. The oddsmaker or bookmaker starts with half of the game side or the total and then adjust the odds based on what happened in the first half. 

Juice - also known as the sportsbook’s overround or the commission the sportsbook gets every time you place your bet. 

Teaser (US) - another exotic bet on the list is Teaser. This type of bet can commonly be seen in US’ sports betting glossary of terms. It is a combination of 2 or more wagers. Unlike parlays, bettors can adjust the point spreads for the games in Teasers.

Totals - another term for total goals/runs. A type of wagering where the bettor determines if the total points scored in a game will be over or under a predetermined amount. This are usually used in over-under bets.

NBA Betting Software Powered By APIs

If you want to have a systematic betting activity, you need to resort to a reliable and innovative NBA betting software. After all, every competitive bettor use this type of software to beat the sportsbook’s overround or the house edge. If you’re on board, here’s everything you need to know about betting software and APIs. 

 

Betting Software and API

There are hundreds of betting sites and betting exchange sites catering to NBA markets today, and each of them make sure that they offer the best betting software and API to customers--both new and existing. An API-based betting company promises bettors access to personal data, and it will allow them to add legal and real-money gambling activities through desktop or mobile. Some of the most popular API protocols used by bookmakers are JSON-RPC and SOAP. 

Most software for NBA betting are powered by API. These are computer programs created to help you with your betting by directing your bets through the sportsbook’s Application Program Interface or APIs. They give specifications for the routines, variables, and data structures of the betting site. With their basic functions, they are referred to by developers as “bots” or robots.

The power duo of API and NBA betting software enables regular bettors, live traders, and punters have an advantage over the bookmaker when anticipating odds shift during the game. This is because APIs makes use of price trend modeling instead of betting knowledge to predict the outcome. The odds may change along the way, and they are completely dependant on the price changes presented by the bookmaker.

API Solutions

An NBA betting software with the right API solutions can give you tons of impressive features. The complete services an API betting software can provide are as follows:

Sportsbook Service - overall, this gives every bettor all the advanced betting feature for all types of sports betting game.

Live score - an API solution can give real-time data. It stipulates the current live games scored by the NBA teams. You won’t have to look at the NBA’s live streaming services anymore. 

Live odds - another real-time data is the live odds provided by the bookmakers. This feature enables gamblers to create new betting market.

All-Sports Selection - because of the all-inclusive services these bots or API can provide, you can have access to thousands of sports. Aside from NBA betting, you can bet on soccer, football, cricket, ice hockey, baseball, horse racing, and more.

NBA Betting Tips and Tricks

Betting is not an easy profit-making activity. It’s not a business with guaranteed wins. You can win and you can lose as there is no middle ground when gambling is involved. Fortunately, you can follow some NBA betting tips to increase your chances of winning. Read on below and try to follow our pointers religiously. 

Use Cryptocurrencies For Betting

There’s no doubt that Bitcoin is the widely-accepted mode of payment in all sportsbooks. We assure you that you can never go wrong with Bitcoin. Just register for a Bitcoin wallet, fill it up with digital coins, and use it for registering an account. Enjoy anonymous betting, bonuses, free transactions, and fast withdrawals or deposits every time you bet on the NBA. 

Know How The Actual NBA Works 

Understanding and knowing how the NBA works will allow you to consistently understand the matches going on, whatever teams are playing. You don’t have to be a professional player to master the rules and the gameplay. As long as you have a betting knowledge and foundation, you can follow what’s going on every match when a tournament begins. You don’t need to worry as basketball mechanics are not that complicated. Besides, the NBA is so popular. 

Try To Remain Analytical 

Impulse betting is where an NBA bettor places a bet on whichever matches are available. It’s a practice where the bettor doesn’t care about the players and the matches, all he thinks about is he needs to win. This is a common rookie mistake. It’s something which many online punters do. Hence, one of our tips and tricks for NBA betting is to remain analytical while betting. Only rely on the data and statistics provided by experts.

Track Your Betting Record

Always jot down notes highlighting your losing and winning streak. Tracking your wins and can help you see how much money you’re throwing away and how much money are you earning in the long run. It will definitely change the way you gamble. In your record, write or jot down the type of bet you always wager, the stake, the return, and the profit or loss every bet. If you’re always encounter losing streaks, do a SWOT analysis. 

Don’t Chase After Your Losses

Never chase after your losses. Losses are a part of gambling, regardless if you have an effective list of NBA betting tips. You will not win every time, and you have to deal with it. You have to overcome your losses and come up with a new betting strategy to change the tide.

NBA Betting Exchanges: Functions, Pros, and Cons

An NBA betting exchange can ultimately spice up your bets, and if successful, help you win more Bitcoins than usual. It’s a platform that can give you endless possibilities, not to mention to possible options you can get. So without further ado, let’s get into it and ready your Bitcoin Wallet for more winnings!

What Is A Betting Exchange?

All betting agencies fall into two different categories, we have the bookmakers and the betting exchanges. Bookmakers, the traditional ones, offer customers different odds and betting markets. In here, you bet against the bookmaker and it’s you against the vig, juice, or sportsbook’s commission. Betting exchange sites for NBA, on the other hand, are determined by other bettors planning to bet on an event. In here, you can play two roles: the backer or the layer. Placing a “back” bet means playing the role of a regular bettor, and betting on which NBA team is going to win an event. Placing a “lay” bet means playing the role of the bookmaker, and betting against the bet the backer placed. So to betting exchanges enable you to bet on both outcomes for example betting both for and against a team winning. Additionally, an NBA betting exchange site allows you to set certain conditions on the bet. This will be decided between you and the other bettor, between the backer and the layer. Laying, however, comes with heavier responsibilities. If the backer wins, you must pay his winnings more than the stake itself. 

PROS AND CONS

Betting exchange is a person-to-person method where bettors can swap or exchange bets. If you think you’re ready to enter the market, you must know its pros and cons:

Pros

• By not directly betting with the bookmaker, this means that you can get better odds. The number of bettors and the conditions set by the participants will determine the odds.
• By playing the role of a bookmaker or by placing “lay” bets in betting exchange sites For NBA, the customer can determine his own odds while only considering the 2-5% commission of the site.

Cons

• It’s hard to use a betting exchange if it doesn’t have a large player or user base, and without the right bettors to “lay” bets. Market liquidity is important here.
• Betting in a betting exchange is complicated because it takes more time and effort. Bookmakers usually do all the dirty works for their customers.

NBA Betting Odds: Factors And Types

NBA betting odds are variables used by bookmakers to determine the possibility of a given outcome in a basketball event. Seasoned bettors will know that betting isn’t about finding one team to come up against another team who was always struggling to win. Upsets sometimes happen, so to guarantee sure wins and Bitcoin payout, one must foresee unexpected circumstances through betting odds.

First, let’s discuss the possible factors affecting betting odds

Injuries, Roster, and Rotation - these are crucial factors in determining the betting odds for NBA betting. Due to the speed and action NBA games are played, plus the consistent volume of games in a season, injuries frequently happen and squad rotation is a common routine in the NBA. Your top player can’t always be present in every single game, so teams will always change their starting roster to allow some breathing time for their players and to prepare for the next big games.

Team Schedule - another factor affecting bookmaker’s odds for NBA betting is the team schedule. All teams play the exact same number of games in the regular season of the NBA, one team play another team once in a round robin manner. The tournament format of the NBA has an asymmetrical structure that allows each team’s schedule to vary in terms of their capabilities and the strength of the opponent. 

Betting Statistics - this may come from tipsters, analysts, or oddsmakers. Analyzing statistics can help you determine the odds and make informed decisions in return. You must gather data focusing on the teams and players’ performances, strengths, weaknesses, and opportunities.

Odds can be displayed in three ways: American, Fractional, or Decimal

Decimal odds - the simplest and easiest to understand odd type in our list of NBA betting odds. You just have to multiply your stake by the decimal number shown and the answer would represent the amount of payout you can get (including the stake).

Fractional odds - these odds are, of course, in fraction form. The denominator or the second number represent the amount of bet you need to wager, while the numerator or the first number represents the amount your wager will yield. 

American odds - bookmaker’s odds for NBA betting in the United States are set in American odds. This type of odd uses a baseline value of $100 (it varies in most bitcoin sports betting sites or betting exchange sites). The underdog gets positive odds, while the favored team gets negative odds.

NBA Bet Types For Advanced Betting

The National Basketball Association or the NBA is the premiere professional basketball tournament in the United States, but it had successfully reached all households around the globe when it rose to popularity, thanks to television and international streaming services. As a result, the NBA became a staple in the sports community and slowly penetrated the Bitcoin betting industry. In the later years, while its market is getting more and more popular, new NBA bet types were introduced to spice up the game. 

Handicap betting - in basketball, this bet is more complex and advanced than your usual moneylines. Handicap betting requires features teams being given a positive or negative point handicap to level the playing field and balance the biased difference between them. You then have a choice to bet on which team can satisfy the points given to the teams.

Totals betting - this bet isn’t affected by the final result of the game or which team wins the game. Totals betting only requires bettors to bet on whether the total number of scores by both teams will go over or under the score given by the bookmaker or betting exchange.

Quarter and Half betting - in addition to the aforementioned basic bet types for NBA gamblers, bettors can also try Quarter and Half betting. This option allows bettors to bet on a team who can get up points early on the game.

Outright betting - one of the nba bet types you can use on individual games. This bet has a little margin for error and instances of randomness, so it’s possible that your like will likely influence the result. Outrights are bets that typically cover a longer period of time. This could be the regular season in the NBA or even longer.

Knowing Your Markets

Any person is welcome to try all the aforementioned bet types for NBA gamblers, but one must still know which market is perfect for the given situation or for your budget. You don’t want to empty your Bitcoin wallet, do you? If you’re a beginner, make sure you still place Moneyline before resorting to advanced betting. Moneyline is the most common and simplest market for a bettor to understand the cost of a bet; this form of basketball betting is simply placing money on a certain team to win the game. If you’re ready to become a seasoned bettor, the advance bet types should undergo in a trial and error process first.

NBA Betting Guide For Beginners: The 3 Basics

Beginners might find it hard to start their betting journey because of all the information they need to digest. Online betting really has a lot of information to keep track of without having it all in one place, so we decided to gather all the resources and present it in one swoop. This page will combine some information you’ve probably already know, partnered with new information that can help you proceed to a more advanced level of gambling. Read on below to find our all-encompassing NBA betting guide.

NBA BETTING GUIDE

The NBA season is one of the longest and largest sports tournament every year. It runs in late October through July. Together with the thrill of guessing which of the 30 teams in the lineup will become the season’s champion, fans and bettors can also experience a 10-month long betting activity to build their bankrolls. You don’t have to bet on every match, but you are required to maximize your options and enhance your techniques. As Michael Jordan used to say: “You can practice shooting eight hours a day, but if your technique is wrong, then all you become is very good at shooting the wrong way. Get the fundamentals down and the level of everything you do will rise.”

Having said that, here’s a comprehensive beginner’s guide to NBA betting that will surely increase your chances of winning:

Use Bitcoin Or Cryptocurrencies - Bitcoin is king, and cryptocurrencies are the leaders of online betting. If you want to start Bitcoin NBA betting, start acquiring a Bitcoin wallet so you could make deposits and withdrawals to bookmakers supporting digital currencies. After that, make a deposit on your chosen sportsbook or betting exchange and take advantage of the welcome bonuses and promotions they offer to new users. 

Get To Know The NBA - Prior to the NBA conference finals and the actual NBA finals, the NBA playoffs begin; and that’s where you should be starting to get things in motion. Know how the tournament works, how the schedule is determined, and observe the previous division winners and the teams with the current best records. Your entire NBA betting guide will revolve around how deep you understand the sport and its leagues.

Understand The Odds - The NBA odds are displayed in three popular formats: Decimal odds, Fractional odds, and Moneyline odds. As with any sports, understanding betting odds is also vital to the content a beginner’s guide to NBA betting. Betting odds and their implied probabilities will tell you the probable outcome of the event and the betting value of the stake you’re going to make, so you need to make careful consideration when reading the odds and opportunities for both the favored team and the underdog.