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How to make money from basketball

How to make money on basketball?

As time goes by the popularity of basketball increases. Read this article and learn more about how to make money from basketball when you aren’t a professional basketball player. The capacity to profit from basketball is a lifelong ambition for many of us. But there are many methods to generate money from basketball that don’t include becoming a professional athlete.

For many of us, making money via basketball is a fantasy. Getting paid to talk about, coach, play, or even referee the game is an ideal scenario for those of us who like the sport.

Also worth mentioning is that basketball betting is one of the finest methods to generate money these days. Basketball betting has grown in popularity over the years due to the many benefits it offers people. In addition to that, the opportunity of betting at a phone casino makes the betting process more comfortable. When it comes to making money by betting at the best online casinos, there are a few distinct tactics that have proven successful. Alternatively, you might place a straight bet and hope for the best. As an alternative, you may put wagers on the outcome of a game’s spread and hope that the actual score falls somewhere in the middle.

If you aren’t a professional basketball player, you don’t have to worry. The main reason behind this is that using basketball for money generating is not as hard as you might think. Nowadays many things allow people to make money from this sport. In this article, we’ll talk more about these ways.

Become a coach – Basketball for money

For non-players interested in making money from the game of basketball, coaching a team is an excellent opportunity to do so.

Obtaining a job as a coach in college sports is more challenging than getting one in high school, but it is possible if you put in the effort and stick with it. To take on the role of head coach at a college or a high school, you must first fulfill several requirements.

If you have a college degree, you’ll need to demonstrate that you’ve worked in the field. Both young leagues and higher levels of basketball may benefit from volunteers who are willing to serve on the coaching staff. Most assistant coaching roles are salaried, which is a perk of the job.

Sell basketball merchandise and equipment – Generate real money

There are a variety of basketball-related items that you may purchase and sell online even if you don’t have a license to sell real NBA jerseys. You may acquire materials from all around the world using companies like Alibaba and begin selling them online.

While selling your items on your website is excellent and allows you to make real money and earnings, you may also consider selling on Amazon or eBay.com. As a result, millions of people will be rushing to their websites in search of fresh items if you take advantage of this opportunity now.

Because of licensing concerns, you won’t be able to offer actual NBA jerseys and gear, but you may try to sell other gear and goods that will benefit other players. Designing NBA apparel for players and spectators may be an option if you have a great eye for both style and design.

Betting on basketball – Get rewards

Finding overpriced markets is a great strategy to earn money betting on Basketball when it comes to online casino gambling. Sportsbooks, which are one of the main ways of entertainment online, when it comes to their “live” lines are the first stage in this process.

You need to keep a close eye on your progress. You can’t skip this stage if you want to make money betting on basketball at online casinos. Don’t be afraid to experiment, observe the games intently, and take the time to learn about your teammates. If you are a basketball fan and don’t want to risk too much you can also try slots that are basketball themed, as they provide customers with a unique experience and rewards.

To win, you must know how to play the game, therefore do your homework before placing a bet on basketball.

Most basketball bettors lack self-control. This implies that if they don’t come up with a strategy to remain in the game, they’ll be out of their whole investment. To avoid yourself overindulging, you need to establish boundaries and only risk what you can afford.

It’s critical to compare sports books and choose one that provides the wagers you want at a price you can afford. Different sports books offer different betting possibilities.

5 Ways to Make Money from Basketball

Photo: FIBA.Basketball

Ball is life, even outside of the basketball court. If you cannot make it to the NBA or any other league, no need to worry. While being a player is one of the easiest ways to earn money from basketball, there are other things that you can do. Keep on reading and we’ll let you know some of the best ways to make basketball your source of income.

Become a Bookie

Basketball is one of the most popular for sports betting. Take advantage of this trend and become a bookie. However, take note that this may not be the best thing to do in all places since there are some states where it is illegal. Check with the regulations from where you are. If it is legal, look for a bookie software to get started. Pick one that is easy to use and feature-rich. Look for pay-per-head options, which are more economical.

If you are looking for a bookie software, check out Bookiemarket.com. However, take note that this isn’t a platform where people can place bets. However, this can give you a real feel of how things work.

2. Start a Coaching Career

If you want to still feel the action on the court without being a player, consider a coaching career. To become a basketball coach, you should know the game by heart. It is good to have experience playing. Start at the bottom and volunteer. Do not hesitate to accept the coaching position as an assistant. For the qualities, you need sportsmanship, teamwork, a positive attitude, and respect. You also need communication skills. Most importantly, you need the right game strategy to propel your team into victory.

3. Sell Basketball Uniforms

Another promising way to earn money from basketball is to design and sell apparel, especially uniforms. According to Entrepreneur, starting a sports team uniform service will have a startup cost of anywhere from $2,000 to $10,000. You can operate it from home and even part-time. You don’t even need to have a physical store. Start with a website and you can reach potential customers. Don’t forget about marketing to reach more people.

4. Host an Event

You can also consider starting an event management service as a business idea. Start hosting basketball games featuring all-star teams. You can sell tickets for the sporting event, and from here, you can earn money. You can also look for sponsors from businesses in the local community to help you stage a game.

5. Sell Basketball Items

Put your selling skills to the test by selling basketball-related items, including memorabilia and player figures. Like with selling basketball uniforms, you can also do it even at home or online. There are many website builders that will allow you to build your e-commerce store from scratch, even without experience.

Consider our suggestions above to make a living out of hoops. From coaching to selling uniforms, there are many things that you can do to embrace your entrepreneurial spirit if you are passionate about basketball.

differences from the NBA, trends, features

Maja Hitij/Getty Images

Many basketball bettors single out the Euroleague for themselves. Basketball Euroleague is the largest international tournament in Europe among club teams. The men's tournament has been held annually since 1958. Now the Euroleague is reaching a new level: the number of teams is growing, new technologies are being introduced, and the quality of basketball is seriously improving.

Russian fans will be glad that the strongest domestic teams take part in the tournament. And they do not just take part, but in the case of CSKA they regularly make their way to the Final Four, and even win it. Fans of Euroleague betting will also be pleased: there are many matches here, and therefore there is always plenty to choose from. Let's talk about this tournament in more detail today.

Euroleague basketball format

18 teams take part in the Euroleague: most of them have so-called A licenses - long-term places to participate in the tournament. They are issued to the largest, most popular and titled teams. In addition, the winner of the Eurocup draw, the second most important tournament, plays in the Euroleague, and several more teams receive a wild card from the organizers.

First, all 18 teams play each other in two rounds: one match at home and one away. It turns out a classic smooth championship. As a rule, this is one game per week, but there are several weeks in which teams play two matches.
Then the 10 worst teams finish the season, and the top eight play the quarter-final series up to three wins. Teams that performed better in the regular season receive the advantage of their site.

The winners of the quarter-final series advance to the "Final Four". Usually this event takes place on a weekend in one city. Semi-finals are played on Friday, and on Sunday there is a match for third place and the final game. Please note that unlike the NBA and national championships, the winner is not determined by the results of a series of games. Here the best is revealed in one meeting.

Photo © Maja Hitij / Getty Images.

Of course, the Euroleague is inferior to the NBA in terms of the class of performers and entertainment (although there have been no less colorful throws from above in recent years), but the main European tournament has its advantages. Fewer timeouts, fewer commercial breaks, making the game more dynamic.

In addition, there are many fundamental historical confrontations in the Euroleague, and there are simply fewer games. This means that there are far fewer passing meetings here, in which the favorites give the stars a rest and deprive the audience of spectacular basketball.

Features of Euroleague Basketball betting

Previously, teams played in two group rounds and there were few sensations. The leaders won routine victories over outsiders, passing the first round without point losses. Now that the championship has become smooth, the number of sensations has increased markedly.

The reason for this is the heavy schedule of the teams and the forced rotation of the staff by the coaches. More matches means more injuries, plus teams are now actively using strategic thinking, often deciding which match to push and which can be played with a little less activity. Therefore, in the Euroleague, sensations are not so rare when a team wins, for which the odds were 7. 00–10.00.
Own site factor. There are teams that play very well on their site. No matter what line-up they perform in, no matter what problems they face, the support of the audience does its job. First of all, these teams include Red Star Belgrade and Lithuanian Zalgiris. In addition, the Greek "Panathinaikos" and "Olympiacos", as well as the Israeli "Maccabi" and the Turkish "Fenerbahce" can be noted.
Double match factor. There are several game weeks in the Euroleague when teams play two matches each. Usually it is Tuesday-Wednesday and Thursday-Friday. Considering that the national championship games also fall on the weekend, it is very difficult for the teams to cope with such a load without losing the quality of basketball. Therefore, carefully follow the geography of the teams' flights at this time and who they will play with in the national championship. If there is a derby going on there, and two long flights need to be made in the middle of the week, you can be sure that in the second match of the Euroleague the club will turn on the wide rotation mode and save energy. If the team plays all the games in the week at home, then you can bet on it, even if it is not the favorite of the tournament.
Motivation factor. This is also a very important moment, especially at the end of the regular season. Some of the participants have already secured a place in the playoffs by this moment, some, on the contrary, have lost all chances and are already paying more attention to the fight in the national championships. At this stage of the season, it is quite possible to bet on teams that are just fighting for vacant places in the Top 8. Don't discount this factor.
Physical form of leaders. In the Euroleague, many teams depend on 1-2 top players, be it point guard, center or shooting guard-sniper. It is clear that no one can go through a long season without recessions. Pay attention to when the team leaders are in a slump and try to play against the favorites at that moment.

Photo © Maja Hitij / Getty Images.

Euroleague is definitely suitable for bettors. There are quite a few matches that you can bet on. In addition, the tournament, due to its popularity among spectators, has also become popular with bookmakers. The schedule for the top Euroleague matches may well be compared with the schedule for NBA meetings, and bookmakers reduce the margin for these matches to attract additional betting volumes.

For standard games, it is 1-3%, and for large matches, some companies offer promotional bets with zero margin. This means that it becomes easier to beat the bookmaker and win.

Euroleague is a spectacular tournament that is suitable for betting both for beginners and professionals. The main thing here is to approach matches with a cool head and competent analysis. Good luck bidding!

Teenagers Make Money Playing High School Basketball

Bryson Warren is probably one of the few teenagers you'll meet with a guaranteed six-figure income in high school.

Warren, 17, is among the first high school athletes to join Overtime Elite, a New York-based company that recruits and pays some of the world's top high school and teen basketball players to play at its club. academy in Atlanta.

Overtime athletes attend classes and prepare for graduation. They compete against each other and other high school basketball teams from across the country. They also offer a base annual salary of at least $100,000 for each student-athlete, with on-court performance bonuses potentially pushing that figure up to $1 million.

Bryson Warren, a 17-year-old professional high school athlete, plays basketball at the Overtime Elite Arena in Atlanta.

Source: Overtime Elite

For Warren, who grew up near Little Rock, Arkansas and was ranked by ESPN as the 14th best high school basketball player in the US in his age group, the attraction was clear. He and 26 other student-athletes in Overtime jump at a rare opportunity to make big money as high school athletes while they work to make an even bigger leap in the NBA.

"Not many 17-, 18-, 19-year-olds can say they made at least $100,000,” Warren told CNBC Make It. "We just get a head start in life just by playing the game we love."

What is the overtime elite?

Overtime, founded in 2016 by Dan Porter and Zach Weiner, a pair of WMA talent agency alumni, is an experiment in both sports and entertainment.

The league, which started its first competitive season last year, is streaming games live and sharing the best player moments to Overtime's millions of followers on Instagram, TikTok and YouTube. According to Overtime, content created featuring teen athletes like Warren is viewed more than 18 billion times a year online.

Overtime has also raised over $100 million from investors including Jeff Bezos' investment firm, rapper Drake, a host of NBA stars including Kevin Durant and Carmelo Anthony, and Silicon Valley venture capital firm Andreessen Horowitz.

The league declined to share revenue information with CNBC Make It, but noted that the company also makes money from streaming content, merchandise sales and sponsors, including State Farm, Gatorade and Topps card company.

Aaron Ryan, the company's president and commissioner and former NBA marketing director, says the league is reinvesting some of that money in its players.

“We primarily cover food, lodging, transportation, and all costs associated with participating in the program,” he says. “But also a bonus for performance, as well as capital in our company, which is commensurate with what every other employee receives in overtime.”

Ryan says the league is also offering each player $100,000 in college tuition if they choose not to play sports as a full-time career. The scholarship is purely academic in nature: overtime players are ineligible to play college basketball as their salary makes them "professional" athletes.

That's why Overtime also spent money on a basketball operations team led by former Sacramento Kings assistant general manager Brandon Williams that could compete with most major college programs. The coaching staff is led by former NBA player and University of Connecticut coach Kevin Ollie and includes former NBA player Ryan Gomez and former University of Virginia coach David Leitao.

These names help Overtime attract top teens from around the world: According to The Athletic, Overtime's current roster of 27 players includes at least eight athletes who were previously five-star college recruits.

Warren was one such recruit. Signing with Overtime meant turning down offers from sports programs like Kansas, Maryland, Auburn, Georgetown, and Oklahoma.

"Almost every sentence you can think of," he says with a smile.

A Day in the Life of a Pro High School Athlete

Warren spends most of his time at the 100,000-square-foot Overtime facility in Atlanta, which is an all-in-one arena, training facility, dormitory and boarding school.

Nearly every morning at 6:15 am, he is picked up by an overtime sports coach to spend about 90 minutes in the gym before going to a three-hour on-court basketball practice with his teammates. After lunch, according to Warren, players head to the Overtime classes until around 4:00 pm.

Overtime Academy is an accredited institution with certified educators that allows student athletes to earn a high school diploma rather than a GED and start college courses. Warren says it's a typical school curriculum that includes "mathematics, English, science or biology with social studies." [and] history".

Warren says he particularly enjoys "financial literacy" classes, which teach student athletes the finer points of signing professional contracts, questions to ask agents and consultants, and how to practice responsible spending.

“They teach us who to have in our circle [of friends and family] and all that, just to keep your circle small,” says Warren. [Six-time NBA All-Star] Tony Parker came and talked to us. [and] he told us that it's not about who you say "Yes" to, but who you say "No" to.

After class, student athletes usually either go back to the gym or to the basketball court for some more practice, “and then the rest of the day is up to you,” says Warren.

Chasing His NBA Dream

Without overtime, Warren would be currently completing his junior year of high school and likely receiving intense recruiting offers from established college basketball programs. But if Warren feels like he's missing something by choosing overtime over college, he doesn't show it.