Just like football, the most common way to wager on Basketball involves the Point Spread.
The point spread is always placed to the immediate right of the team that is favored to win the game. To bet on basketball, simply tell the ticket writer the bet number of the team that you wish to bet on, and the amount you wish to wager. If you only want to bet on one team, that would be a Straight Bet; which is the fastest and easiest type of basketball wager. Basketball straight bets involving the point spread are figured at odds of 10/11 unless otherwise noted. This means that a wager of $11 would win $10 and return $21.
When betting on games using the point spread, the team you bet on must "cover the spread."
This means the team must win, (or not lose) by the set margin of points; most commonly known as the “point spread”.
|Bet No.||Team||Line||Total||Money Line|
Note: The bottom team is always listed as the home team unless otherwise noted.
The point spread is always placed to the immediate right of the team that is favored to win the game. In this example, if you bet the Cavaliers, the Cavs must win by 4 points or more in order for you to win your bet. If you bet the Lakers, either of the following will declare you a winner.
If the Cavs win by exactly 3 points, then the wager is considered a “push” and all money is refunded. When betting on games using the point spread, the team you bet on must "cover the spread." This means the team must win, (or not lose) by the set margin of points; most commonly known as the “point spread”.
Please note that the point spreads can change at any time throughout the day or week.
The point spread that is listed on your ticket is number that you keep.
Another wagering option is betting on the “Total”, also referred to as the over/under.
A “total” wager is a bet that the total score of the game will be more, (over) or less, (under) the number listed. It doesn’t matter which team covers the spread, simply add the final scores of each team to determine if your wager won or lost. This is also an 10/11 wager, unless otherwise noted. In the example above, the Total (total combined points by both teams) on the Cavaliers/Lakers game is 201. If you bet on the Over, the final score must add up to 202 points or more for you to win your wager. If you bet on the Under, the final score must add up to 200 points or less for you to win your wager. If the opposite occurs, your wager would lose. If the final combined score finishes EXACTLY on 201 points, your bet would result in a tie (also referred to as a “push”) and you would get your original bet refunded.
If you would rather not use the point spread and simply bet on which team will win the game, you can bet on the "Money Line".
When betting on the Money Line, the "minus" (-) preceding the number indicates the team is a favorite, and the "plus" (+) preceding the number indicates the team is an underdog (just like with the point spread).
With the point spread, the bigger the favorite, the more points you will have to “lay” (or win by).
With the money line, the bigger the favorite, the more money you have to wager to win a dollar.
The Cavaliers' odds are -145, meaning an $14.50 bet would win $10, for a return of $24.50.
The Lakers' odds are +125, meaning a $10 bet would win $12.50, for a return of $22.50.
The most popular way to bet on Basketball is to play a Parlay.
A Parlay consists of 2 or more teams grouped together to form one
When you bet a parlay, every selection that you add to your ticket will increase your payout but also increase your risk because every team, selection, and/or total that you choose to include, must be a winning selection in order for you to win your bet!
At every BetLucky Sportsbook location, you can parlay up to 10 teams per ticket and you can combine most of the point spreads, totals, and money lines that are available at the time of your wager! All parlay payoffs are computed by multiplying the payoff conversion (odds equivalent to one dollar) of the teams in the parlay, by amount wagered.
Cavaliers -2 -110
Cavaliers over 201 -110
Warriors -9 -110
Player wagers $100 on this 3-team parlay. Payoff = $100 multiplied by: 1.91 x 1.91 x 1.91 = Payout of $696.80 (Winnings of $596.80).
Note: Maximum payouts on all non-parlay card wagers are 719-1.
Any game that results in a push/tie/draw, or “no action”, will reduce the number of “live” selections in your parlay accordingly. A two-team parlay would become a straight bet.