Basketball is one of the most popular sports in the world. Every year thousands of people head to the courts hoping to improve their game. However, alongside the fun of being on the court there is a lot of strategy that goes into successful play. In basketball, ‘point betting’ is an evolving strategy that involves placing bets on the outcomes of basketball games. There are several websites that allow you to place bets on the results of games, and many of these websites also allow you to bet against the spread, so you can also make money from seemingly safe bets! Let’s have a look at how point betting in basketball works, and how you can use it to improve your game.
How Does Point Betting Work?
Point betting in basketball works a little bit like an NFL parlay bet or a horse race bet, where you place a bet on the outcome of several sporting events. Unlike those other sports, however, you don’t need to worry about the order of the events, or whether you’ll win or lose based on which events occur first. In basketball, point betting just involves betting on the outcome of games, and taking advantage of the fact that games usually come in sets. Let’s look at an example of a point-betting wagering scheme:
San Antonio Spurs vs Los Angeles Clippers, April 26, 2019 – With the Spurs holding a 2-1 lead in the series, you may have decided it was time to stack on the points (and perhaps a little bit of insurance, just in case). So you visit a sportsbook and place a straight up ($1.00) wager on the outcome of Game 3. The lines at this point have the Spurs as 6.5-point home favorites, with the over/under set at 210 points. Your bet will be settled with a check, or PayPal, at the end of the game. If the Spurs win by more than 6.5 points, you’ll earn 10 points, otherwise you’ll lose your $1.00 wager.
If the Clippers manage to pull off an upset and win Game 3, you’ll be kicking yourself for not backing the underdog. In that case, your 10-point winnings could turn out to be a hefty losing bet. Of course, if the Clippers hit a rough patch and lose by a wide margin, you could still win big… but you’d be hard pressed to explain why you had to lay six points on the San Antonio Spurs to do it.
Why Should You Try Out Point Betting in Basketball?
Apart from the fact that it’s incredibly easy to implement and extremely popular among sports bettors, there are several reasons why you may want to try out point betting in basketball. Here are just a few:
- It allows you to bet on multiple games simultaneously, and spread your risk.
- You can stack the point spread, creating massive profits from seemingly safe bets.
- It’s easy to understand, and can be implemented in a short amount of time.
- The majority of the games you can bet on are available for viewing online, so you can follow along even if you’re not in front of a TV.
- It’s accessible worldwide, as long as you have an internet connection you can participate.
- And last but not least, it’s a guaranteed profit opportunity. You’ll almost certainly win money if you play the game thoroughly and efficiently.
How Do You Play Point Betting In Basketball?
Like many other strategies, point betting in basketball works best when implemented as part of a larger sports betting system. The reason being that it’s very easy for a human to get lucky on occasion and have a few upsets crop up in a row. When that happens, your system can be set up to automatically collect all of the wins you’ve collected and push them into a monthly profit portfolio. Here’s an example of a professionally run point-betting system:
In a perfect world, you would use a tool like MetaTrader 4 to create a portfolio of winning bets. You can find an MT4 demo account for free at any reputable broker, like Scottrade, OptionsXpress, or Interactive Brokers. Once you’ve got your demo account set up and functioning you can move on to creating your actual investment portfolio. With MetaTrader 4 you can create investment portfolios combining multiple vehicles – Bitcoin, CFDs, and more – into one. You can also use this popular MT4 investing tool to create a watch list of specific stocks, commodities, or mutual funds that you want to follow and monitor. This is a great tool for people trying to learn how to buy and sell stocks, or for experienced investors who want to quickly track the movements of a handful of positions.
Getting back to our example above, if you decide that the point spread is the best way to go you’ll simply need to input the game you want to bet on, along with the odds on that game. If you’re looking for an easy way to find the odds on any game, you can always use OddsShark, which provides you with the ability to search for sports and racehorses, and get the latest odds on games.
After you’ve entered all of the relevant information you can hit the ‘Continue’ button, and you’ll be brought to a screen that allows you to make additional wagers against the spread. At this point you can either hit the ‘Place my bets’ button to have the website calculate your winning chances for you, or you can go into the betting slip and manually enter your winnings and losses. Either way, once you’ve entered your bets you can hit the button to confirm and get your winnings. Of course, you can add more games to your bet schedule at any time, which brings us back to our introductory paragraph: with point betting in basketball you don’t need to worry about the order of the games or whether you’ll win or lose based on which games occur first. This is one of the biggest benefits of the strategy, as you’re not locked into any one game, and can make money from seemingly safe bets!
Advantages And Disadvantages Of Point Betting In Basketball
The obvious advantage of point betting in basketball is that you don’t have to watch the games live. This can be a real time saver and allow you to place better informed wagers. It’s also great for people who want to follow sports but don’t want to devote entire evenings to watching games. You can get all of the information you need for games that interest you and follow along even if you don’t have TV access. Disadvantages include the fact that you need to have a way to actually win the bet, which in our example above would mean either pulling off an upset or going over the point spread by a lot. Another disadvantage is that you’re relying on others to provide you with correct and up-to-date odds, as well as games that you’re able to bet on. There are also a few online point-betting scams that you need to be wary of. While it’s incredibly easy to win money from seemingly safe bets with this strategy, you don’t want to let your guard down and end up getting scammed. Hopefully, this article will help you navigate the world of internet gambling and point-betting safely.