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How to bet on college basketball in vegas
Sports Betting 101 - How to Bet on Basketball
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CONTENTS
How to Bet on Basketball
Understanding Basketball Odds
Basketball Betting Sites
NBA Futures Betting
Betting on NBA Finals
Betting on March Madness
Popular Basketball Wagers
NBA Live Betting and In-Game Wagering
NBA 1st Half and 2nd Half bets
Basketball Betting Strategy
FAQ - Basketball Betting
HOW TO BET ON BASKETBALL
Basketball is the 2nd most popular sport in North American betting markets each year behind football. And when the NCAA tournament arrives – otherwise known as March Madness – basketball betting handles skyrocket for sportsbooks during that three-week period.
Generally speaking, betting on basketball is classified as predominantly a spread betting sport with the point spread for a specific basketball game being the most dissected betting aspect of a particular contest. But as is the case with other spread-related sports, moneylines, over-unders, and a whole host of other betting options, ranging from individual game props to team futures, are readily offered in basketball markets as well.
JOE OSBORNE BREAKS DOWN NBA BETTING
UNDERSTANDING BASKETBALL ODDS
As a point-spread based sport, understanding basketball odds is really no different. Oddsmakers put out a particular point spread line on a game, and it's up to bettors to decide whether or not they want to lay the number with the favorite or take the points with the underdog.
When betting a basketball game, the team you bet must “cover the spread.” In other words, they must win or lose by less than a stipulated margin of points. For example, a NBA game featuring the New York Knicks at the Boston Celtics could have a point spread of Boston -6.5. That means that Boston would have to win the game by 7 or more points for bettors backing the Celtics to win, while any other result – New York winning the game outright or losing by 6 points or less – cashes a ticket for those who picked New York on the point spread.
Again, there are moneyline and over-under betting odds available in basketball betting as well, and they are relatively straight forward to deal with too. In that particular example, Boston would likely be something like -245 on the money line to win the game by any margin (bet $245 to win $100) where a total could be posted anywhere in the low 200's, say 217.5, and bettors are formulating an opinion on whether or not the combined score will be over or under that number.
DECIMAL ODDS
For decimal odds, the process is extremely easy. Say you bet on the Lakers at decimal odds of 1.5. The inverse would be 1 divided by the decimal odds, in this case, 1/1.5 = 0.66 = 66%. That means the sportsbook is implying that the probability of the Lakers winning is 66%.
FRACTIONAL ODDS
Using fractional odds, things aren’t much more complicated. Let’s say you’re betting on Gonzaga at fractional odds of 6/4. To get the implied probability, divide the denominator by the sum of both numerator and denominator like so: 4/(6+4) = 4/10 = 0.4 = 40% implied probability.
AMERICAN ODDS
With American odds, the process is a little more complex. Let’s say you’re betting on the Celtics at -200. Divide the odds by the sum of the odds and 100 like so: 200/(200+100) = 200/300 = 0.66 = 66% implied probability.
For positive odds, the process is slightly different. Let’s say the Chicago Bulls are underdogs at +300. Divide 100 by the sum of the odds and 100 like so: 100/(300+100) = 100/400 = 0. 25 = 25% implied probability.
Using implied probabilities, you can figure out how to bet on basketball in a much more effective way. It’s all about finding events where the bookies’ implied probabilities are lower than the real-world probabilities.
BEST BASKETBALL BETTING SITES
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Updated on : 10/17/2022
FUTURES WAGER (TEAM TO WIN)
Like with other sports, basketball futures betting can take off and be highly popular, as the plus-money prices offered on various categories of futures can be awfully enticing.
Typically, the most discussed future wager is that of which team will win the championship that particular year (both NBA and at the collegiate level). Odds for winning it all often get way too much airtime relative to it's success rate, but with the game of basketball being one where one or two very talented players can impact the result much more then say one or two very talented players in sports like football or hockey, the overall futures market in basketball betting can be lucrative.
Odds to win NBA Finals
Odds to win NCAA Tournament
Odds to win WNBA Finals
Aside from trying to predict the outright champion, there are plenty of other team-related futures wagers offered for basketball at both levels. NBA bettors can look at things like which team will win their respective division and/or conference, as well as an over-under on the total number of wins a team will get in a season. College basketball bettors will have similar options with season win total projections available, and regular season and conference tournament champions odds offered as well.
If you are looking for a minimal investment to maximize your interest in action, future wagers can satisfy that urge, as you essentially have action down on every game for the teams selected throughout the year. You've just got to be comfortable with having your investment tied up for multiple months.
HOW TO BET ON THE NBA FINALS
NBA Finals betting is really no different than wagering on any other basketball playoff series, as bettors can go with a game-by-game approach and/or have a series wager on the outcome. Every game of the NBA Finals will have a point spread, moneyline, and total posted. Sometimes, depending on what side a bettor may prefer (favorite or underdog), going the game-by-game route might make more sense. But other things have to be considered as well like whether or not said bettor already has a future wager or two in their pocket that's still live on one of the two teams remaining.
Once a Finals matchup is set, oddsmakers put out their NBA Finals odds for the series and Game 1. However, series prices will continue to fluctuate between each contest depending on how things play out. That leaves potential for bettors to get their preferred team at an even better price should they fall in Game 1, or perhaps start the series on the road and lose one or two of the first two games. There are always plenty of mitigating factors to consider.
HOW TO BET ON MARCH MADNESS
March Madness has the highest volume of sports betting action over a short period of time every year – the Super Bowl is the biggest one-game event in terms of betting volume – as professional bettors, semi-pros and even the most recreational of recreational bettors find a way to get action down during March Madness.
What's interesting about the dynamic of NCAA Tournament basketball odds is the quick turnaround for teams that continue to win, as well as the sheer volume of games on those first few days of the tournament. College basketball betting lines are poured over night and day leading up to the tournament, and if you aren't working on the next day's action while the current day's games are being played, you're generally falling behind as a handicapper.
Not only are college basketball lines readily available anywhere and everywhere sports bettors can plop down action during the tournament, but also the college basketball point spreads that oddsmakers put out tend to be extremely sharp numbers that can be tough to beat. Oddsmakers have a full season of data to base their numbers off of, and with a full season of knowing the general perception of particular teams in the market as well, and the nature of upsets happening in the NCAA Tournament each year, success from a bettor's standpoint during March Madness can be tough.
JAYHAWKS ARE CROWNED NATIONAL CHAMPS! 🔴🔵
Kansas wins it all in NOLA #NationalChampionship 🏆 pic.twitter.com/cAnqnzi5mO
— NCAA March Madness (@MarchMadnessMBB) April 5, 2022
POPULAR BASKETBALL WAGERS
Anyone that bets on basketball games at any level will say that any and all wagers are popular, but the “Big Two” tend to be point spreads and totals. Those are the numbers that are referenced most often when breaking down basketball games from a betting standpoint. Although in postseason play, moneyline options become more prevalent as well since bettors may not want to get burned by a “hook” on the point spread or a team winning by two points instead of covering their 3.5 number. At that stage, the level of competition is fairly even respective of the particular matchup, so moneylines do get more love in postseason play.
POINT-SPREAD
The point spread is always going to be the first starting point for basketball bettors because even if it's not bet on, it's a number that can be used somewhat as a gauge for what bettors can expect to see. With home court and superstar talent being so influential in determining outcomes of basketball games at any level, spreads are a critical big piece in formulating the potential puzzle of a particular game.
TOTALS : OVER-UNDER
Totals bettors tend to prefer totals over spreads for a variety of reasons, and given the volatility in how many points are scored in a given contest, it can be argued that the numbers oddsmakers put out here are generally more beatable from a betting perspective. However, you still need a lot to go right no matter what side you're on for a total in a particular game. As bettors that prefer 'over' wagers, a single low-scoring quarter early on can all but kill your wager. That's the chance you have to be willing to take, though. It is gambling after all.
MONEYLINE
If you are just interested in picking the outright winner of a basketball game, the moneyline is for you. However, the price can be pretty steep and not worthy of a bet in big mismatch type contests. Later on in the year, particularly in the later rounds of the NBA playoffs or NCAA tournament, moneyline bets can be the better option with point spreads in the single possession range (-1, -2, -3 etc). Going the moneyline route does allow the bettor a bit more margin of error relative to the few extra cents they'll have to lay.
HOW DO I BET BASKETBALL PARLAYS?
Betting basketball parlays is all up to the bettors per usual, as you can parlay point spreads with other ones, totals, or incorporate some moneyline plays as well. One of the better parlay strategies for basketball is to use a couple of moneyline favorites parlayed together to reduce their overall price.
For example, bettors could make a money line parlay on the LA Lakers (-140 moneyline price) with the Houston Rockets (-175 moneyline price) to flip to those two minus (aka chalk prices) on each team into a +170 parlay ticket where now $100 pays out $170 profit. That's a much lower out of pocket risk than putting up $140 to win $100 on just the Lakers, or $175 to win $100 on just the Rockets to win. But as is the case with any parlay, both selections must win.
WHAT ARE PROP BETS
Prop bets are otherwise known as proposition bets, and in basketball wagering they can cover a wide variety of categories. One of the most popular forms of prop betting in basketball is individual stat lines for specific players. You have over-unders on total points scored by a player, total assists, total rebounds, and even combinations of specific stats for guys. For bettors that have extensive history in the fantasy basketball realm, these prop bets may be highly attractive and potentially highly lucrative to you.
TEASERS
Teasers in basketball betting are just the same as teasers in football betting, where bettors can manipulate the point-spread to gain/lose a handful or so of points to make their bet more attractive. Basketball teasers typically only come in the four and six-point range, and what that means is a four-point teaser wager on the favorite would have you taking away four points from their point spread (a spread of LA Lakers -6 would then become LA Lakers -2) and adding four points to the underdog's line (the Lakers opponent would then by +10 from the original +6 line).
Teasers function like parlays, though, in the fact that you've got to tease at least two outcomes, and both selections have to win in order for the ticket to cash. Totals can also be teased up or down, too, depending on what the bettor prefers.
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LIVE BETTING AND IN-GAME WAGERING
With the nature of basketball being a sport where points are scored at a much higher rate then any other sport, in-game wagering has plenty of growth potential. Scoring runs happen a lot in basketball, and depending on the team you like for a contest, a scoring run for or against them presents some interesting live betting opportunities.
If the team you're looking to back gives up a scoring run, all of a sudden the point spread you are offered in live betting becomes much more favorable, especially if it's still relatively early in the contest and your team has plenty of time to come back. A team like the Dallas Mavericks could have entered the game as -3 favorites, but find themselves trailing by 6 or 7 points after the first quarter.
In that scenario, in-game wagering will likely have the Mavericks as underdogs for the game (+1, +2 +3 etc), and you can also get them at an underdog moneyline price as well. They'll still have three quarters to make up for the slow start, and instead of laying a -140 pregame ML price or the -3 points pregame, you've now got much better prices.
Another scenario involves the team you've already backed going on a run to establish a big lead, which then presents what's known as a potential 'middle' opportunity. That same Dallas Mavericks team could be up by 10 after the 1st quarter, and with a Dallas -3 ticket already in pocket, you could come back and take the other team at +8 or +9 for the game. Then you'd hope that Dallas ultimately wins the game by 4-7 points so you'd win both wagers.
If there is ever one particular sport made for live and in-game wagering, basketball might be it. The nature of the game with all the scoring swings enables bettors to be quite profitable no matter what side they land on for a particular game. And when the competition is relatively even later on in the year – say, during March Madness, or the NBA playoffs – countless profitable situations can arise for astute in-game wagers.
It's a discipline that's seen a huge amount of action during the Sweet 16 and Final Four games the past few years, as it also allows bettors the potential to get themselves “out of” a bad pregame wager as well. You do have to understand what you are doing though and still practice bankroll discipline, because there are plenty of times where live betting can be extremely dangerous if you end up on the losing side after firing multiple times on that team throughout the game.
1ST HALF AND SECOND-HALF BETS
Just like the usual full game point spread and over-under numbers that are offered by sportsbooks, basketball bettors have the option to beak the game down by halves and even quarters as well. First half and second half wagers add another dynamic to how a bettor envisions a game playing out, as maybe the underdog is one that is likely to get off to a hot start against a potentially sluggish and tired team for example. That's where you'd want to take the points/moneyline with the underdog in the first half, as maybe the talent disparity that that team is on the wrong side of is able to play well for 20-24 minutes but not the full game.
At the same time, second half bets allow you to get a feel for what's happened already and formulate a conception of how the final half will end up going. Maybe that powerhouse favorite that was sluggish in the first half is one you ultimately believe will win the game, and trailing at half gives you a much better price to back said squad to ultimately come back and win the game. Again, there are so many different scenarios to consider with wagers like these, but 1st and 2nd half wagers should be a tool every basketball handicapper is willing to use when they deem fit.
BEST STRATEGIES FOR BETTING ON BASKETBALL
TUNNEL BETTING
Tunnel betting means capitalizing on differences in betting lines offered at the same odds by different bookies. For example, let’s say FanDuel has the total for a game at 200, and BetMGM has it at 205.
If you take the over 200 and the under 205, and if the game ends at anywhere between the two, you’ll win both bets. Best of all, if you miss that range, you’re guaranteed to win one of your bets. It’s a relatively low-risk way of betting on basketball.
MIDDLING
Middling is a more advanced approach to bet on basketball. It’s based on the fact that sportsbooks will adjust betting lines during a game in reaction to player action.
Let’s say you bet on the Miami Heat as favorites against the Chicago Bulls, with a spread of -2. 5. At halftime, following intense betting on the Bulls, bookies shift the line so the Bulls are the favorites, at -4.5. This creates a happy middle.
If you take both sides of the action, you could stand to make a substantial profit with the right result. If the Heat win by a 3 point margin, both teams will beat the spread. In most other possible outcomes, at least one of your bets will pay off, too. It’s a rather low-risk strategy. Middling is not just a popular way of how to bet on basketball. Many people use it to figure out how to bet on football as well.
FAQ - HOW TO BET ON BASKETBALL
In this section, we’ll answer some of the most frequent inquiries from our readers about how to bet on basketball.
WHERE IS IT LEGAL TO BET ON BASKETBALL?
As of 2022, betting on basketball is legal in several states across the country.
CAN I BET ON COLLEGE BASKETBALL?
Yes, though it depends on the state you’re located in. Officially, the NCAA has a firm stance against collegiate sports betting. The organization actively lobbies for bans on NCAA sports betting.
A few states, such as New Jersey, have enacted legislation that restrict college sports betting, including college basketball. The state of Nevada had similar restrictions for several years, although they were ultimately lifted in 2001.
WHAT’S THE MOST POPULAR BASKETBALL BETTING MARKET?
For basketball betting fans, point spreads are one of the most popular ways to gamble. As basketball is a highly dynamic game with huge score totals, it’s a uniquely thrilling betting market.
Many gamblers combine point spreads with player props and specials to make exotic parleys with attractive odds. An exotic basketball parlay plays a central role in the 2019 Safdie brothers crime thriller, “Uncut Gems”.
IS BASKETBALL A GOOD SPORT FOR LIVE BETTING?
Yes, it is. Live betting on NBA games is a tremendously popular form of sports betting. As basketball is a lengthy yet fast-paced game, it’s ideal for live betting markets.
Basketball live sports betting makes up a significant portion of live wagers for many American sportsbooks. It makes for an exhilarating experience for the audience.
CAN I MAKE MONEY BETTING ON BASKETBALL?
Yes, with a little luck. However, keep in mind that gambling is inherently risky. Bookmakers set odds to ensure they win in the long run. Even professional handicappers (who spend their careers studying statistics, scores, and the like) have a tough time winning regularly.
While you can have a lucky streak, chances are you’ll lose money in the end. Try to think of basketball betting as a means of entertainment, not a way to make you rich.
College Basketball Las Vegas Odds
NCAA Men's Basketball Championship Odds
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BETTING ODDS RESOURCES
Betting Odds Index
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The VegasInsider.com College Basketball Las Vegas Odds is one of the most popular betting resources for bettors that wager on NCAA Men's basketball action throughout the season, which begins in early November and concludes in the first week of April.
HOW TO READ COLLEGE BASKETBALL LAS VEGAS ODDS
Whether you're a novice, advanced or professional bettor, the College Basketball Las Vegas Odds is simple for all individuals looking for some action on the hardwood. The most popular betting market in college hoops focuses on point-spread wager or side wagers.
The spread was developed to provide a balance for both teams involved in a matchup, hoping to have bettors wager on the weaker to team that was receiving points and that team is labeled as the underdog. The team giving or laying the points is the favorite.
The favorite is always listed with a minus (-) sign before the point-spread while the underdog is labeled with a plus (+) label.
EX. FAVORITE -10, UNDERDOG +10
On the VegasInsider.com odds page, there is another number associated with the favorite and its listed as -10. This number is simply defined as "vig" or what many in the sports betting industry call vigorish. Another common term is called "juice" and it's technically the price the bettor has to pay on a straight wager.
EX. BET $110 TO WIN $100 (10% JUICE)
EX. BET $100 TO WIN $91.91 (10% JUICE)
It's not uncommon to see other values posted other than -10.
Examples seen on the College Basketball Vegas Odds pages could include -15 and -20. The added or extra ‘juice' on a point-spread is determined by the sportsbook or operator. Many bettors shy away from books that lay on the juice because it takes away from your winnings.
EX. BET $100 TO $83.33 ($20% JUICE)
EX. BET $100 TO WIN $86.95 (15% JUICE)
The lower-juice sportsbooks are normally found outside of the state Nevada. If you are in a state where sports betting is legal, please check out our online sportsbook directory to find the best and most secure places to make College Basketball bets.
Another number that's posted on the College Basketball Las Vegas is the total or ‘over/under' for the specific matchup. If the favorite is designated as the home team, then the total will be listed above and vice versa (below) if the visitors are favorites.
All of the above numbers are listed next to the teams, and before each matchup is a Rotation number. The College Basketball Las Vegas Odds are listed in order of rotation and those numbers are generated and produced by the sportsbooks. Above each matchup and rotation is the Date and the Time of the game, which is subject to change. All game times are Eastern Standard Time.
VEGASINSIDER OPEN & CONSENSUS
The VegasInsider Open and Consensus Lines can be found in the first and second columns on our Odds page.
COLLEGE BASKETBALL OPEN LINE
One of the best features on the College Basketball Vegas Odds is the Opening Line or the Open Line. This numbers consists of the first betting line received from our Las Vegas or Global Sportsbooks. The opening line varies depending on the sportsbook but it provides a clear-cut rating that the oddsmakers use on the college basketball matchup. It's a very smart idea to see where the line originates and even smarter to follow the moves.
The Opening Line on the College Basketball Las Vegas Odds is a must-stop resources for the 2022 NCAA Tournament, which begins on Thursday March 17, 2022.
Prior to the "First Four" action in the tournament, "Selection Sunday" takes place four days earlier and after the field of 68 is announced, the oddsmakers start populating betting odds on the opening matchups.
It's often been said that savvy bettors have an advantage over the oddsmakers in college basketball because the sample size (number of schools) is next to impossible to follow. Our 2022 March Madness Central betting resources are here to help you get more acquainted with the NCAA Tournament.
VI CONSENSUS COLLEGE BASKETBALL LINE
The VegasInsider.com Consensus College Basketball Line is just as important as the Open Line and also a key resource on odds platform. The Consensus column could simply be called a "Median Line" since it shows the most consistent number provided by the sportsbooks on VegasInsider. The consensus line will be the same as the open line but once the wagers start coming in, this number is often different than the openers.
While many bettors like to shop for numbers, which is a great technique, not everybody always gets the best line. Therefore, the consensus open and eventually closing line is a great way to measure your skills as a bettor or handicapper.
MOST POPULAR BETTING ODDS
Along with providing College Basketball Las Vegas Odds, VegasInsider is also the leader in betting numbers for the most popular sports that are wagered on in the United States.
Those sports and the betting odds can be found below:
NFL
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NBA
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NCAAFB
NCAABK
SOCCER
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CFL
TENNIS
90,000 Americans bet billions on college basketball. "March Madness" is a golden time for bookmakers
Viktor Mayorov
At the beginning of spring, one of the most massive and popular sports tournaments is held simultaneously in several US states - the playoffs among student basketball teams. Unofficially, this competition is called "March Madness", and billions of dollars are spinning around it in various industries. Metaratings.ru tells how bookmakers make money on the tournament and why they are greatly feared.
March Madness
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The NCAA, the organization that oversees all college sports in the United States, makes about $900 million annually from the TV rights to March Madness games alone. And in 2025, this amount will exceed a billion. Broadcasters pay that kind of money for a reason: the matches of the last tournament, March Madness 2019, were watched on average by 10.9 million viewers. The rating of the final meeting was just under 20 million people.
But bettors follow the tournament much more. Games are played every day, and upsets happen often enough that there are chances to hit the big jackpot. Last year, the playoffs were canceled due to the pandemic, and viewers missed the “madness” so much that, by some estimates, there will be more bets on the tournament than on the Super Bowl, the main sporting event of the year in the United States.
According to the American Gaming Association, about 47 million Americans will make at least one bet on basketball during the month. This includes bets both in offline casinos and offices, as well as through online applications or gambling fantasy, such as DraftKings. By the end of the tournament, not only the bookmakers will win, but also the state treasury.
Previously, only 3% of all bets on March Madness were legal
The landscape of the betting industry in the US has changed dramatically since the last March Madness - the activity of bookmakers has become legal in 13 more states, where 65 million people live. And just about every few months, sports betting becomes legal in a new state.
The tournament's total betting is expected to exceed $8.5 billion. And these are not the highest figures yet - according to the Gambling Business Association, in 2017 and 2018, Americans bet on basketball over $10 billion. It is possible that the downgrading is due to the pandemic and cost savings to viewers.
Zion Williamson
But then, in 2017 and 2018, only 3% of all bets came from legal bookmakers, which means that the state only received taxes from them. The Americans used either local illegal companies or offshore offices. In those years, you could legally bet only in some places, in particular, in Las Vegas and Atlantic City.
The American Gaming Association once again noted that the expected $8.5 billion includes illegal bets. However, it is not yet possible to fully assess this market. In many ways, and because of this, a discussion began in the states about the legalization of the betting industry, because the best way to get rid of something illegal is to allow it and control it.
Student athletes don't earn anything, so the NCAA fears they might be bribed. On the part of universities, athletes are prohibited from any form of monetary incentives - students simply play for free for their scholarships. In recent years, this issue has been raised sharply, and in part, students were allowed to earn money on their brand.
Because of this, the NCAA is especially attentive to the activities of athletes - after all, due to the lack of salaries, there is a high probability of any match-fixing or other events. For example, in 2018, a New Yorker tried to bribe players and coaches.
NCAA
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Everyone involved in college sports - players, coaches, referees, staff, university representatives - is strictly prohibited from placing any bets. But over the past 50 years, there have been at least seven major scandals, and far from the smallest colleges in the country were involved in them.
During the regular season, odd news about college basketball comes up. For example, in December, two unknowns downloaded over a million dollars for the fact that in the match "St. Peters" - "Maryland" both teams for two will score less than a certain amount of points. And both bets were won.
Later, an American bet $250,000 on Ohio State's victory over Illinois in the Big Ten Conference Finals. The first team was a clear underdog, and only either a crazy or knowledgeable person could make such a bet. She ended up playing. At the moment, there is no confirmed information that both of these meetings were agreed, and perhaps this is just a coincidence.
The NCAA itself is strongly against gambling, but understands the popularity of the betting industry. Therefore, the organization recently lifted the ban on its decisive matches in states where bookmakers are allowed. Indiana, where the finals will take place, is just such a state.
The NCAA will work with local regulators to keep a close eye on games and bookies. For example, if they suspect some kind of foul play on the part of a basketball player or bookmaker, then the Indiana Gaming Association will require the match to be removed from the line, and after the NCAA will conduct an inspection. The turnover of bookmakers in the state is large - in February alone, $127 million was bet on basketball matches, both student and professional. And in March, even more rates are expected
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American capper considers college basketball full of betting opportunities
News & Events
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Another interesting story about how you can win money with a bet. One autumn morning in Las Vegas, an ordinary young man walked into the SuperBook bookmaker's office. He immediately went to the cashier and placed a $1,500 bet with the certainty that the Texas Tech Raiders would win the college basketball championship, the March Madness. Bookmakers that day on the Raiders Victoria offered odds of 201.00, which means that if the bet had won, the bettor would have received 300,000 dollars.
After a series of games, already in the spring, the coefficient dropped to 41.00, the Texans reached the Final Four, there was very little left to win. The player was sure that his favorite team would certainly win.
Four months flew by quickly, the last game left before the championship final. I must say that many cappers also believed in the victory of the Raiders and tried to buy out the bet using the secondary market to repurchase PropSwap. Among those who wanted to purchase this bet was the famous NFL player Dez Bryant, who was willing to pay 125,000 dollars. But the capper did not give up, hoping for good luck, and much to his regret, the Raiders lost to the Virginia 77:85 in the final.
The bettor turned out to be a professional player and bet on various outcomes of the event, including the victory of Virginia in the final. Therefore, he still received a certain amount of winnings. But still, perhaps he regrets that he did not agree to sell the bet for $125,000, having invested only $1,500.
How it really happened. The story of the player
Bettor, who wished to remain anonymous, in an interview with the popular ESPN TV channel said that he likes to professionally engage in analytical work, predict the likely results of sporting events, as if playing on futures (an agreement on the underlying asset purchase and sale exchange).
"I love basketball. It's a sport where there are many teams that excel in the beauty of the game, the stamina and the ability of the players. I like accumulators, so I welcome bettors who love this type of bet. I am excited and fascinated by betting on the outcomes of long competitions, it's like buying a lottery ticket, only there you hope for luck, but here I can analyze all possible options. My home is not far from Las Vegas, on the west coast, so I often visit Las Vegas.I am fond of sports, and I especially love student sports.I can honestly say that it is exciting and interesting to watch it, and when betting, you get great opportunities to earn good money
As you know, I turned down an offer on PropSwap to sell a bet, although I was very willing. In general, it's great that there is such a service as the sale-purchase of a bet, you can increase your own capital and give someone else the opportunity to earn money. And it's especially nice to win big."
"A tit in the hand or a pie in the sky?" is one of the questions that a person asks himself when he is faced with a difficult choice. Now think about this situation: you have invested $ 1,500 in a bet , and you are offered 125,000 for it, and besides, there is a chance of getting 300 thousand dollars.0003
There is no consensus on this issue. Some people think that it is worth selling a bet if it pays well, while others hope that luck will be on their side and they will be able to earn many times more.
Dez Bryant and the $125k savings
It is worth noting that the originally famous NFL player Dez Bryant wanted to buy this bet for $50k on PropSwap, while the bettor sold it for $65k. The tension grew: another buyer appeared and the auction ended at $57,500. And the capper decided to take the bet from the secondary market without selling it to anyone. Maybe he was just checking the possibilities of buyers. But the player was able to earn on another outcome (the Texas ticket to the final), in which he invested $800 and received $20,000 in return! Texas made it to the finals and the capper returned a check with a potential $300,000 PropSwap win and Dez Bryant offered $125,000 for the ticket! A very large amount. But the bettor still hoped for his fortune and refused the tempting offer. As a result, as you already know, he lost. But the player does not lose heart and hopes that fate will smile at him more than once.
At the end of the interview, the capper said that sometimes he wants to give unusual gifts to his friends and he gives tickets for birthdays, weddings and other holidays.
"I enjoy giving these checks, I see how friends learn to make different decisions: cash or not, sell or wait, and so on. This is a wonderful gift.