With sports betting becoming more popular due to it becoming legal across the United States, more sports outside of the NFL are also becoming more popular. Basketball, specifically the NBA, has gained popularity in the gambling markets.
If you are looking for another sport to bet on outside of football, the NBA is a great place to start looking. The 2022-2023 NBA season is just beginning, so there is no better time than now.
Below are five things you should avoid when betting on the NBA.
Things To Avoid Betting On NBA Games
Parlays to sports bettors are like giant diamonds to jewel thieves. They are very appealing and will make you a lot of money, but the risk is very dangerous.
Parlays allow you to take two or more teams and combine them into one bet. If all bets win, the bettor wins a massive payout, but if any one of the bets loses, then that parlay loses automatically, and there is no payout.
The odds of you hitting a parlay consistently is very slim; that's why I recommend staying away from them a majority of the time. View parlays as a scratch-off lottery ticket; throw a few bucks on them every once in a while, hoping you hit the jackpot.
Use One Sportsbook
The average sports bettor only uses one sportsbook. Try to use at least three different sportsbooks, so you have the opportunity to shop for the best lines. By using three separate books, more often than not, bettors will get lines at least a half-point better than the average line. Shopping for that half-point will also allow you to move off key numbers 3 and 7 without laying the extra juice by buying that half-point. You can increase your long-term winning percentage by 2% by getting that extra half-point.
Think of it as buying a TV. Before purchasing a TV, you probably go online and price check that TV at a few different spots to try and find the best deal or price; you want to do this while betting on sports.
Be sure to research the best online sportsbooks in the industry.
Ignoring Travel Days or Teams Playing on Back-to-Back Nights
One of the most overlooked aspects of betting on sports games is looking at teams' travel schedules. Throughout the season, there will be teams with rest advantages and disadvantages, and actual sharp bettors will take advantage when these occurrences happen.
For example, teams playing back-to-back games on the road are 18 percent more likely to lose than usual.
Not Thinking Outside the Box
When handicapping NBA games, there is much more that goes into it than stats and data. If that were the case, everyone would be successful. The NBA is all about motivation, spots, and team identities. Specific teams and players don't come motivated night in and night out.
An example would be if two highly seed teams competing in the same division face off, like the Cavaliers and Celtics. Let's say the Cavs won in an overtime thriller, then the following night, they play a team in last place like the Hornets; Cleveland may come out slow and sloppy because of the energy exerted the night before, and they figure they don't have to try as hard since the Hornets are in last place.
Ignoring Bankroll Management
Bankroll management might be crucial in becoming a successful sports bettor. Poor money management is the number one reason people go broke or end up in debt, whether in everyday life or when trying to win long-term sports betting.
You want to stay consistent with the amount of money you bet on each play. Ideally, you should bet 1% to 5% of your bankroll on each bet. Typically 3% is a good starting point. For example, if your starting bankroll is $1000, you should bet $30 on each bet. Using this system will help you ride out the ups and downs of sports betting and will help you sustain your bankroll through tough losing streaks. This takes discipline because many people like to chase their losses and double down on the next game to help recover their losses earlier in the day.
Clever Tips for NBA Betting
Research Pace of Play
Knowing a team's identity and pace of play is essential when betting on NBA totals.
Know the Referees
Referees can impact a game dramatically based on how he calls the game and how stingy he is with foul calls. The More fouls he calls, the more players get free-throw attempts. That could impact the totals and allow teams to cover the spread late in games.
Research Betting Percentages
Make it a habit to check the betting percentages to see where the general public is at. Most of the public loves to bet on big-market teams like the Lakers, Celtics, Nets, and Clippers. Media helps build these teams up and inflates the line, and as a sharp bettor, you can take advantage and play as a contrarian and bet on the other side. This is known as fading the public.
When betting on the NBA, do your research and stay disciplined. If you can't find an edge, don't bet on it. Feel free to bet only some of the games. Sometimes the best bet is the bet you don't make. Enjoy the NBA Season.
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