Why Choose BetMGM for NBA Betting
BetMGM is among the most reviewed sportsbooks in the United States with National Basketball Association (NBA) betting.
The sportsbook offers many wagering markets, including money lines, point spreads, player props, NBA futures, and parlays.
In 2018, BetMGM became the first sportsbook to partner with the NBA, announcing its intention to be a leader in wagering on the world's top basketball league.
This guide examines BetMGM's NBA odds and betting markets, compares them to those of its direct competitors, and outlines some key principles for NBA betting.
Understanding NBA Odds
NBA odds are the foundation of all betting on the sport. Bettors must understand the odds before they can make responsible wagering decisions.
Odds indicate the probability of different outcomes in the games, from simple win/lose scenarios to more complex event predictions. The American odds format uses positive and negative numbers, each meaning different things for payout and betting requirements.
American Odds
At BetMGM, NBA odds can be displayed in decimal or fractional format, but the default for betting on the league is American odds.
With American odds, positive numbers identify the underdog in the matchup. The number is what you would win on a $100 bet if the underdog wins. For example, if the odds are +150, a $100 bet would return $150 in profit plus your $100 bet for a total of $250.
Negative numbers identify the favorite. You need to bet the number to win $100 in profit. For example, if the odds are -150, you would need to bet $150 to win $100 in profit, a total of $250 when you add your original bet back.
NBA Examples
Let's use these examples from NBA games:
Example 1: New Orleans Pelicans vs. Oklahoma City Thunder
- Pelicans Odds: +230
- Thunder Odds: -290
- Meaning: The Thunder are favorites. To win $100 backing the Oklahoma City, you need to bet $290. A $100 bet on the Pelicans would earn $230 if they win.
Example 2: Boston Celtics vs. Indiana Pacers
- Celtics Odds: -215
- Pacers Odds: +175
- Meaning: The Celtics are favorites. If they win, a $175 bet on Boston would earn $100, while a $100 bet on the Pacers would earn $155.
Takeaways
- Positive odds offer greater rewards but higher risk as they are the underdog.
- Negative odds are safer bets on favorites but require a bigger initial investment for a smaller return.
If you need more information to understand how odds work fully, RG has a guide on odds that includes a more detailed breakdown of American, Decimal, and Fractional formats.
Types of NBA Odds and Markets Offered at BetMGM
BetMGM provides various markets for casual and experienced bettors. The sportsbook covers basic wager types like spreads, moneylines, and more advanced options such as player props and same-game parlays.
Below is a summary of the betting options presented at BetMGM:
Bet Type | Description | Example |
---|---|---|
Point Spreads | Predict the margin by which a team will win or lose. Favored teams must cover the spread to win. | Minnesota Timberwolves -5.5 vs. Dallas Mavericks +5.5. |
Over/Under (Totals) | Wager on whether the total points scored in a game will be over or under a set number. | Over 220.5 (-110) or Under 220.5 (-110) for the Chicago Bulls vs. San Antonio Spurs. |
Futures | Long-term bets, including predictions for NBA champions, conference winners, or MVP awards. | Denver Nuggets to win the NBA Championship (+500), or Luka Dončić to be MVP (+1200). |
Player Props | Focus on individual player performance metrics like points, rebounds, or assists. | LeBron James to score over/under 25.5 points, or Steph Curry to make 5+ three-pointers. |
Team Props | Bet on team-specific outcomes, such as total points scored or first-half performance. | Milwaukee Bucks to score over 110.5 points, or the Suns to win the first half. |
Same-Game Parlays | Combine multiple bets within a single game for higher payouts. | Giannis Antetokounmpo over 10.5 rebounds, Bucks -7.5 spread, and game total over 230.5. |
Halftime/Quarter Bets | Wager on specific segments of a game, such as first-half spreads or third-quarter totals. | Brooklyn Nets to win the first quarter against the Los Angeles Lakers. |
Alternate Spreads/Totals | Adjust the spread or total points for different odds. | Warriors -10.5 at +200 or Over 215.5 at -140 for the Celtics game. |
Odds Comparison: BetMGM vs. Competitors
Because odds change consistently on a day-to-day basis, this guide is not able to give you a definitive answer about how BetMGM's oddsmakers stack up to their competition, but a summary of all of the moneylines from a Friday night during the NBA season provides a snapshot in time to give you a sense of how the sportsbook compares.
Game | BetMGM | FanDuel | DraftKings | bet365 |
---|---|---|---|---|
CHA @ DET | Pistons (-275) Hornets (+230) | Pistons (-260) Hornets (+215) | Pistons (-298) Hornets (+240) | Pistons (-280) Hornets (+230) |
ORL @ TOR
| Magic (-120) Raptors (+100) | Magic (-126) Raptors (+108) | Magic (-120) Raptors (+100) | Magic (-120) Raptors (+100) |
NYK @ OKC | Knicks (+155) Thunder (-190) | Knicks (+160) Thunder (-190) | Knicks (+160) Thunder (-192) | Knicks (+160) Thunder (-190) |
BOS @ HOU | Celtics (-135) Rockets (+110) | Celtics (-126) Rockets (+108) | Celtics (-130) Rockets (+110) | Celtics (-130) Rockets (+110) |
WAS @ NOP | Wizards (+230) Pelicans (-300) | Wizards (+245) Pelicans (-300) | Wizards (+235) Pelicans (-290) | Wizards (+230) Pelicans (-280) |
CLE @ DAL | Cavaliers (-300) Mavericks (+230) | Cavaliers (-270) Mavericks (+220) | Cavaliers (-278) Mavericks (+225) | Cavaliers (-280) Mavericks (+230) |
SAS @ DEN | Spurs (+220) Nuggets (-275) | Spurs (+198) Nuggets (-240) | Spurs (+215) Nuggets (-265) | Spurs (+210) Nuggets (-260) |
MEM @ SAC | Grizzlies (+135) Kings (-160) | Grizzlies (+136) Kings (-162) | Grizzlies (+136) Kings (-162) | Grizzlies (+130) Kings (-155) |
ATL @ LAL | Hawks (+115) Lakers (-140) | Hawks (+124) Lakers (-146) | Hawks (+120) Lakers (-142) | Hawks (+115) Lakers (-135) |
Game | BetMGM | FanDuel | DraftKings | bet365 |
CHA @ DET | Pistons (-275) Hornets (+230) | Pistons (-260) Hornets (+215) | Pistons (-298) Hornets (+240) | Pistons (-280) Hornets (+230) |
ORL @ TOR
| Magic (-120) Raptors (+100) | Magic (-126) Raptors (+108) | Magic (-120) Raptors (+100) | Magic (-120) Raptors (+100) |
NYK @ OKC | Knicks (+155) Thunder (-190) | Knicks (+160) Thunder (-190) | Knicks (+160) Thunder (-192) | Knicks (+160) Thunder (-190) |
BOS @ HOU | Celtics (-135) Rockets (+110) | Celtics (-126) Rockets (+108) | Celtics (-130) Rockets (+110) | Celtics (-130) Rockets (+110) |
WAS @ NOP | Wizards (+230) Pelicans (-300) | Wizards (+245) Pelicans (-300) | Wizards (+235) Pelicans (-290) | Wizards (+230) Pelicans (-280) |
CLE @ DAL | Cavaliers (-300) Mavericks (+230) | Cavaliers (-270) Mavericks (+220) | Cavaliers (-278) Mavericks (+225) | Cavaliers (-280) Mavericks (+230) |
SAS @ DEN | Spurs (+220) Nuggets (-275) | Spurs (+198) Nuggets (-240) | Spurs (+215) Nuggets (-265) | Spurs (+210) Nuggets (-260) |
MEM @ SAC | Grizzlies (+135) Kings (-160) | Grizzlies (+136) Kings (-162) | Grizzlies (+136) Kings (-162) | Grizzlies (+130) Kings (-155) |
ATL @ LAL | Hawks (+115) Lakers (-140) | Hawks (+124) Lakers (-146) | Hawks (+120) Lakers (-142) | Hawks (+115) Lakers (-135) |
Most Reviewed Sportsbooks with NBA Odds
- Availability across most of US legal states
- Competitive odds & diverse markets
- Attentive customer service
- Extensive list of Same Game Parlay's
- App speeds vary for some users
- Geo locate sometimes unreliable
- Extensive betting markets
- Live betting
- Efficient & secure payments
- Strong security measures
- Mobile app connectivity issues
- Maximum bets on odds boosts are low.
- Promotional restrictions
- Available in many U.S. States and Canada
- Numerous betting markets
- Major partnerships with teams/leagues
- Promotions are timely and change rapidly
- Connectivity issues on betting app
- Extensive Market Reach.
- Unmatched Fan Engagement.
- Live betting.
- Digital media bohemeth.
- Limited live streaming.
- Connectivity issues on betting apps.
Getting Started with NBA Betting on BetMGM
BetMGM makes it straightforward for new bettors to begin wagering on NBA games. The registration process is designed to take minutes, allowing bettors to access various markets quickly.
Here's a step-by-step guide to help new bettors create an account on BetMGM and access NBA markets.
1. Visit BetMGM:
- Access the BetMGM Sportsbook website or app to view the latest odds, such as NBA futures odds on the Most Valuable Player or the moneyline on a regular season game.
- Ensure you're located in a state where BetMGM is legally authorized to operate. BetMGM is located in 28 states (retail and online) and Washington, D.C. Bettors must be 21 and above in all regions except D.C., where the gambling age is 18.
2. Sign Up:
- To confirm your account, click on the gold "Sign Up" button and provide personal details, including name, date of birth, and email address.
- BetMGM ensures compliance by requiring bettors to share the last four digits of their Social Security Number (SSN) and activate geolocation services.
3. Make Your First Deposit:
- Choose from payment methods like PayPal or bank transfers to fund your account.
- Set deposit limits to practice responsible gambling as you explore NBA betting odds.
4. Claim The BetMGM First Bet Offer:
- BetMGM gives new bettors a first bet offer based on current odds for many games and betting markets.
- Before using the promotion, read the review and the terms carefully, such as wagering requirements and expiration dates.
5. Explore the NBA Betting Markets:
- Now, navigate to the NBA section on the homepage and choose the bet you want to make.
NBA Finals Odds
As an NBA bettor, you have the option to bet on who will win the NBA Finals at any time during the regular season or postseason. As the season progresses, the odds can change significantly to reflect trades, injuries, and overall team performance.
Below is an example of how the odds changed during the 2024-25 regular season. The chart displays the top five favorites to win the NBA Finals in early January according to BetMGM's odds and what their opening odds were before the season:
Odds Current as of January 3, 2025
These odds will continue to move daily in the remaining months of the 2024-25 season. One day to be particularly aware of on the NBA calendar is the trade deadline. This date varies by season, but for 2024-25, it is on February 6.
More often than not, this date features numerous trades that can shake up the competitive landscape of the NBA and, as a result, the odds of winning the NBA Finals. In 2023-24, 16 trades were completed on the trade deadline.
NBA Betting Principles
No individual NBA betting strategy guarantees success, but a few guiding principles can help you manage your basketball wagers and improve your chances of profitability when wagering with BetMGM or any other online sportsbook.
- Note Historical Trends: Not every historical trend is relevant, but sometimes what's happened in past seasons is a good predictor of the future. For example, if you bet on a game between the Los Angeles Lakers and Los Angeles Clippers during the 2024-25 season, it might be helpful to know that the Clippers were 26-9 against the Lakers in the previous 10 seasons.
- Research Recent Performance: Sometimes, a team or players' season-long statistics do not tell a complete story. A recent example is the 2023-24 Houston Rockets, who had an average 41-41 record on the whole season but finished it on a 16-8 run. Betting on Houston moneylines went from a poor strategy early in the season to an excellent one later on as the team improved.
- Always Keep Check On Injury Reports: When teams miss superstars, the effect of their absence may seem obvious, but keep a close eye on key role players, too. It's also important to know whether the number of participating players might be limited. For example, when Zion Williamson entered the NBA, he was on a strict minutes restriction. In his first eight games, he averaged less than 27 minutes per night, and even though the New Orleans Pelicans had a point differential of +53 when he was on the court, they went just 4-4.
- Track Line Movement and Shop for Odds: Watch how the lines move to see what the public and pros are betting. You don't need to follow the crowd, but understanding generation consensus and where the money wagered is going can be helpful. Pay attention to movement at multiple sportsbooks to get a better sense of the landscape and find the most favorable odds for your wager.
- Don't Let Fandom Creep into Your Decision-Making: Just because you want a team to with that doesn't mean that it will. Fandom can lead to an irrational interpretation of information, and it's often best to bet on teams in which you have no emotional investment.
Responsible Gambling Best Practices for NBA Betting
No matter how strategic your wagering is, it's critical to understand that profitability may remain elusive, and responsible gambling is a must.
Below is a summary of some best practices for betting on the NBA responsibly:
Principle | Description | Application in NBA Betting |
---|---|---|
Set a Budget | Always establish a clear betting budget and stick to it, regardless of outcomes. | Allocate $100 for weekly NBA betting and avoid chasing losses by exceeding this limit. |
Do Not Bet on Every Game | Avoid placing bets on every available NBA game; focus on games where you have researched data. | Bet only on 2-3 games per night based on thorough analysis, not on impulse or excitement. |
Understand the Odds | Know how betting odds work and their implied probabilities before placing a wager. | Recognize that a +200 moneyline for the underdog equates to a 33.3% implied chance of winning. |
Monitor Betting Habits | Regularly review your betting activities to ensure they remain controlled and enjoyable. | Keep a record of your NBA bets, tracking wins, losses, and trends to identify risky behavior. |
Research Teams & Trends | Study team performances, player stats, and recent trends to make informed decisions. | Analyze stats like the Kings' pace or the Heat's second-half performance before placing a bet. |
Conclusion
etMGM provides a solid platform for NBA betting, offering a variety of markets and competitive odds. While it may not be the only option for NBA bettors, it is a noteworthy choice for those interested in basketball wagering.
- Variety of Betting Markets: BetMGM offers a wide selection of NBA betting options, including moneylines, point spreads, and player props.
- Consistent Odds: BetMGM's odds are competitive with those of other sportsbooks, though they may vary across different games and events.
- NBA Partnership: BetMGM is the first sportsbook to partner with the NBA, which shows its commitment to being a basketball betting destination.
- Responsible Gambling Tools: The platform provides resources for bettors to set limits and track their betting behavior, aligning with responsible gambling practices.
While BetMGM offers a range of tools and markets for NBA betting, it is always advisable to compare options before making a decision on where to wager.
FAQ
Betting Markets
What Types of NBA Betting Markets Are Available at BetMGM?
BetMGM offers various NBA betting options, including moneylines, point spreads, player props, futures, over/under totals, and same-game parlays.
Odds
How Do I Understand NBA Odds at BetMGM?
NBA odds at BetMGM use the American format, where positive numbers represent underdogs and negative numbers represent favorites. These numbers indicate potential profit or required stake.
Bonus Bets
Are There Any Promotions or Bonus Bets Available for New NBA Bettors?
BetMGM offers a first-bet offer with bonus bets, allowing new customers to explore NBA markets under specific terms and conditions.
First Bet
How Can I Place My First NBA Bet on BetMGM?
To place your first NBA bet, you need to sign up, verify your identity, deposit funds, and then select your desired NBA market on the platform.
Responsible Gambling
How Can I Bet Responsibly When Wagering on NBA Games?
BetMGM encourages responsible gambling by offering tools to set limits, track your betting, and focus on informed bets based on research.
References
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