Online Betting Parlay: How to Place a Bet on NBA Basketball

In order to place a bet on NBA basketball, you will need to setup an account with a reputable online sportsbook. Once you have an account, you can begin to make parlays and multi-bets using Bitcoin, Credit Card, or Deposit using your online banking service.

Setting Up Parlay And Multi-Bet Options

If you are looking to make a parlay or multi-bet on any sporting event, the first thing you will want to do is research the best online bookmakers to use. Once you have a trusted source for online betting information, you can begin to set up your parlay or multi-bet options.

The majority of online bookmakers will allow you to set up parlays and multi-bets, but you will have to do some research to find out which ones accept sportsbooks advertising. The vast majority of sportsbooks do not accept online bookmakers, but there are exceptions to the rule.

To create a parlay or multi-bet option, you will need to do the following:

  • Choose one team you think will win the match
  • Click the wager tab and place your wager on the match
  • The online sportsbook will then present you with a list of matches with your chosen teams as the underdogs. Check each of these matches and place a separate wager on each. If you put a $10 wager on the Chicago Bulls versus the Philadelphia 76ers, the online sportsbook will credit your account with an extra $20! 
  • When you are finished exploring the matches, click the submit buttons next to each selection to finalize your parlay or multi-bet options
  • The sportsbook will then process your wagers and you will receive an email confirmation of your winnings

Some online sportsbooks do not allow you to place multi-bets, but will allow you to set up a parlay. You will need to make sure you are using a bookmaker that does allow multiple bets otherwise you can end up in some pretty bad situations.

Paying For Your Wagers

In the United States, most states follow a “50/50” rule when it comes to wagering. This means that if you wager $1 on a horse in a horse race and it wins, you have to pay $1 to win $1. This rule was established to keep people from taking advantage of others by placing too many wagers on their account or using unfair practices. 

The 50/50 rule does not apply to online sportsbooks, as they are businesses and can choose whether to adopt this policy or not.

You will not have to pay for your wagers if you use a credit card, as most credit cards offer some form of online betting bonus if you meet certain spending criteria. The majority of these bonuses are offered by the major credit card companies and can be used for betting activities in any country. Keep in mind that if you choose to use your credit card to place wagers, you will need to disclose this to the credit card company and they may raise your credit card bill by an additional 3-4% as a result of all the betting activity on your account.


One of the most important factors to consider when placing a bet on any type of sporting event is how much you are enjoying the game. The majority of people who bet on sports regularly report that the thrill of winning a wager adds a lot of enjoyment to the experience. While this may be true in the case of single bets, it is even more so when you are placing multiple bets due to the nature of a parlay or multi-bet. You can enjoy the feeling of winning even more when you are playing with money you can actually lose.

One of the beauties of Bitcoin and other cryptocurrencies is their decentralized nature. This means that while some online sportsbooks are indeed corrupt and will try to steal your money, others will keep the money you send them and do not take any form of commission. In the case of a corrupt sportsbook, you will simply need to look for another one that is honest. Deciding whether or not to use a particular sportsbook is largely a matter of personal preference, but it is highly unlikely that any online bookmaker will steal your money without offering some form of recourse.

If you are looking to place a bet on NBA basketball or any other sporting event, using one of the top online sportsbooks is the best way to go. Not only will you have access to the biggest and best sportsbooks, you will also have the opportunity to bet on the events you want to with the best possible odds.