Being a sports bettor can be incredibly thrilling. However, most people are drawn to sports betting not just for the excitement, but also for the chance to make money, as long as they know what they’re doing. Success in sports betting requires a commitment of time and resources.
Just like in any sport, if you want to place winning bets on NBA games, you need to study the teams in the league thoroughly. Many newcomers to NBA betting think it’s easy to win all the time. The truth is, there is no foolproof method for betting on NBA games. It’s a complicated task that requires extensive knowledge and experience. Another critical factor for successful NBA betting is researching the best betting platforms.
1. ALWAYS SEEK VALUE
You might have heard this many times, but finding value is the cornerstone of successful NBA betting. If you don’t consider value, your bankroll can disappear quickly. So, how do you find value in NBA betting? Value exists when the likelihood of an outcome is greater than what the odds suggest. For example, if the odds of a coin toss landing on tails are 2.30, and you think there’s value there, you’re correct. The true chance of the coin landing on tails is 50%, while the odds suggest a probability of 43.5%.
2. MONITOR THE TEAM’S FORM
NBA is one of the most physically demanding sports. Teams often play four games back-to-back in a week, travel long distances, and train hard. This leaves players exhausted. Fatigue from intensive travel and gameplay can affect their motivation and performance. Successful NBA bettors know how factors like fatigue and motivation impact outcomes. A great team that’s tired probably won’t perform at its best, so betting on such teams can be risky.
3. BET ON TEAMS YOU KNOW WELL
This is especially helpful for newcomers. When you’re new to NBA betting, start by betting on games involving teams you’re familiar with. As a new NBA bettor, you can’t possibly know all 30 teams in depth. However, you likely know a few teams, their strengths, weaknesses, and strategies. Use this knowledge as your starting point.
4. BET ON MARKETS YOU UNDERSTAND
The main NBA betting markets are point spreads, moneylines, and point totals. There are many other markets, but starting with these three is advisable due to their simplicity. A solid grasp of these basic markets will prepare you for more complex NBA betting markets. Experienced bettors often find traditional markets the most profitable and rarely venture into exotic markets.
5. SEARCH FOR THE BEST ODDS
Focusing on just one sportsbook is a common mistake, even for experienced NBA bettors. Every bookmaker offers different odds. To maximize your potential, always look for the best odds. A sportsbook with an appealing website doesn’t make up for poor odds.
6. MANAGE YOUR BANKROLL
Successful NBA betting involves good bankroll management. No matter how enticing the betting markets are, it’s important to stay disciplined and stick to your bankroll limits. Learning strategies for managing your bankroll can help you develop a successful technique. Once you’re good at managing your funds and have gained enough experience, making a profit from your betting hobby becomes easier.