The 2023-24 NBA season gets underway this week. The season will be a full 82 game schedule running from October 24th to April 14th, with the NBA Finals scheduled for early June.
On this page I will look at the current NBA Championship odds, breakdown some of the popular bets you can make on an NBA game and also give you a simple 3 step guide to follow when you’re ready to place your first NBA bet.
2024 NBA Championship Betting Odds
Here is a screenshot from SportsInteraction.com of the current NBA Championship odds heading into the season (taken on October 23rd, 2023):
I included the 12 teams with 30-1 or shorter odds to win the NBA Championship in the above screenshot.
The Raptors are 100-1 to win the NBA Title and 50-1 to win the Eastern Conference. The Raptors finished 9th in the East last year and lost in their play-in game. If Dennis Schroder can join the team and make an impact, while Scottie Barnes, Gary Trent Jr. and OG Anunoby take another step forward to help Pascal Siakam on the offensive end, then this team could return to the playoffs this season.
As you can see the Celtics, Bucks, Nuggets, and Suns are the four favourites to win the NBA title this season. There is a lot of parity heading into this NBA season, which should make things very interesting.
Popular NBA Betting Options
The three most popular bets in a basketball game are the point spread, money line and over/under bets. Let’s look at a quick example of each using a screenshot from Sports Interaction for the season opening game between the Lakers and Nuggets.
In this example there is a 4.5 point spread in this game in favour of Denver. This is indicated by the (-4.5) beside Denver and the (+4.5) beside LA. A spread bet on Denver wins if the Nuggets win the game by 5 or more points, while a spread bet on the Lakers wins if LA either wins the game outright or loses by 4 or fewer.
The money line bet is a straight up wager on which team will win the game. The odds vary depending on if the team is the favourite or the underdog. In this example, we already knew that Denver was 4.5 point favourites, so it’s no surprise that there money line odds are just 1.48. This means that any bet amount can be multiplied by 1.48 to find the payout of a Nuggets win. For example, a $100 bet on the Nuggets would payout $148 for winnings of $48 if they won the game. On the flip side a $100 bet on the Lakers would payout $270 for winnings of $170 if the Lakers pulled off the upset.
The over/under is a wager on the total number of points to be scored in the game by both teams combined. The over/under for this game is set at 227.5. If 228 or more points are scored then the over bets would payout, while if 227 or fewer points are scored in the game then the under bets would payout.
Check out our basketball betting page for a more detailed breakdown of each of these wagers.
3 Step Guide To Place an NBA Bet From Canada
Are you ready to make your first NBA wager online? If so, follow this simple 3 step guide to have your wager placed in minutes.
Step 1. Open an Online Betting Account
SportsInteraction.com is our top rated betting site for Canadians. The screenshots above were taken from their site.
Sports Interaction is completely focused on the Canadian marketplace and providing the best possible platform for Canadians to wager on sports online. They are licensed in the regulated Ontario market, while also accepting bettors from the rest of Canada in their regular sportsbook. Our links will direct you to the correct website based on your location.
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I suggest opening accounts at more than one betting site to allow yourself to compare odds and ensure you get the best return on every bet. Not to mention the free sign up bonus money available! Click here to check out the reviews of our 3 recommended betting sites for Canadians.
Step 2. Deposit
Sports Interaction accepts Interac, Online Banking, paysafecard and more. They have made it very easy for Canadians to get money into and out of their site.
Step 3. Place Your NBA Bets
To find the NBA betting lines at SportsInteraction.com, click on ‘Sports’ in the top navigation bar and then select ‘Basketball’ -> ‘USA’ -> ‘NBA’ in the left sidebar.
On the NBA page you will see all of the games that you can wager on for that evening. When you select your bet it will show up in your ‘Bet Slip’ on the right side of the screen. After you enter your bet amount you will see the ‘Potential Payout’ show up, which shows how much will be returned to your account if your bet wins. If everything looks good, select ‘Place Bet’ and your wager is confirmed.
Ready to bet? Click here to visit SportsInteraction.com.