Basketball betting attracts huge numbers each year. NBA betting is arguably the most popular form of basketball betting, but you can find odds on leagues and competitions taking place all over the world. In this review, we’ll explore your basketball betting options in New Jersey.
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Basketball Betting In New Jersey
It’s now possible to bet legally with online bookmakers in the Garden State. What does that mean for basketball betting? You can now bet on any basketball game, whether that be NBA betting, NCAA basketball betting or any other competition, except for those taking place in the State of New Jersey.
For example, it wouldn’t have been possible to bet on New Jersey Nets basketball games (though they have now relocated and renamed Brooklyn Nets). You can, however, bet on any other NBA odds and college basketball betting, so long as those fixtures are taking place elsewhere.
So, the world of online basketball betting is available for you to join at a number of bookmakers. The only fixtures prohibited where you’re unable to bet on basketball is fixtures taking place in the State of NJ.
NBA Betting In New Jersey
As we touched upon earlier, NBA betting is one of the most popular ways to bet on basketball. Almost every online bookmaker you’ll find will offer NBA lines and NBA odds on Outright markets and individual match markets.
So, no shortage of NBA betting odds, but what exactly can you bet on? We’ll explore the most popular events shortly, but first, let’s take a look at who takes part in the current NBA season.
Most bookmakers offer NBA betting odds on individual teams. These can include which teams will make the playoffs, who will win the NBA Final and who will make the All-Star game.
The current NBA teams you can bet on consist of the following:
- Atlanta Hawks
- Boston Celtics
- Brooklyn Nets
- Charlotte Hornets
- Chicago Bulls
- Cleveland Cavaliers
- Dallas Mavericks
- Denver Nuggets
- Detroit Pistons
- Golden State Warriors
- Houston Rockets
- Indiana Pacers
- LA Clippers
- Los Angeles Lakers
- Memphis Grizzlies
- Miami Heat
- Milwaukee Bucks
- Minnesota Timberwolves
- New Orleans Pelicans
- New York Knicks
- Oklahoma City Thunder
- Orlando Magic
- Philadelphia 76ers
- Phoenix Suns
- Portland Trail Blazers
- Sacramento Kings
- San Antonio Spurs
- Toronto Raptors
- Utah Jazz
- Washington Wizards
Remember, NBA lines and NBA odds offered on fixtures taking place in New Jersey or involving a side from the Garden State won’t be available at NJ online bookmakers.
The NBA is split into two Conferences. These are the Eastern Conference and the Western Conference. Each Conference is split into three Divisions which consist of five teams.
The tables below illustrate this in more detail:
|Atlantic Division||Central Division||Southeast Division|
|Boston Celtics||Chicago Bulls||Atlanta Hawks|
|Brooklyn Nets||Cleveland Cavaliers||Charlotte Hornets|
|New York Knicks||Detroit Pistons||Miami Heat|
|Philadelphia 76ers||Indiana Pacers||Orlando Magic|
|Toronto Raptors||Milwaukee Bucks||Washington Wizards|
|Pacific Division||Southwest Division||Northwest Division|
|Golden State Warriors||Dallas Mavericks||Denver Nuggets|
|LA Clippers||Houston Rockets||Minnesota Timberwolves|
|LA Lakers||Memphis Grizzlies||Oklahoma City Thunder|
|Phoenix Suns||New Orleans Pelicans||Portland Trail Blazers|
|Sacramento Kings||San Antonio Spurs||Utah Jazz|
Most online bookmakers in New Jersey will offer NBA betting odds on Division Winners and Conference Winners, as well as Who Will Make The Playoffs markets. As you can see, the setup of the NBA competition affords plenty of opportunities for NBA odds.
As we’ve touched upon, you can bet on NBA lines surrounding which teams you think can make the Playoffs. The NBA playoffs consist of the top eight teams from each Conference, for a total of 16 sides.
The First Round of the playoffs sees teams compete in a best-of-seven series. The First place faces the Eighth Place, the Second Place takes on Seventh Place, the Third Place meets Sixth Place and Fourth plays the Fifth.
The winners of each match-up progress to the next round, the Conference Semifinals. The winners of each meet in the NBA Finals.
One of the highlights of the sporting year, the NBA Finals is one of the most popular events to bet on worldwide. You’ll find plenty of NBA odds on the Finals, and most bookmakers make available a number of NBA-specific promotions too.
NBA All-Star Game
The All-Star game is the highlight of the NBA All-Star weekend. NBA lines are offered on this event, which features 24 of the league’s best players. The 2020 All-Star game is due to be held in Chicago.
Those who like to bet on basketball may find value in betting on the NBA draft. The draft generally takes place in the second half of May.
There are a number of online bookmakers who offer NBA odds on potential Award Winners. The Most Valuable Player award, or MVP, is a popular NBA betting odds market. Follow the previous season closely to spot those players who stand a good chance of winning.
NCAA Basketball Betting In New Jersey
NBA betting odds may be the most popular in the world of basketball betting, but many punters look at NCAA basketball for more betting value.
College basketball betting is available at most online bookmakers in New Jersey. The same rules apply, though, so any game taking place in the State of NJ or featuring a New Jersey side will be exempt from your NCAA basketball betting options.
There are a huge number of teams which you can place wagers on in NCAA basketball betting each season. Most online bookies will give you the opportunity to bet on any of these sides to win their Division, March Madness or reach particular stages of the tournament.
Many sides who compete in NCAA or College Basketball tournaments call the State of New Jersey home. You’re unable to place bets on any of these sides, no matter which College basketball betting market.
March Madness is the highlight of College basketball betting. So-called because of the hectic schedule it involves, March Madness odds can be found at most bookmakers.
There are basketball betting odds available on which 68 sides will make it to March Madness and what Stages they might reach.
As with NBA betting odds, NCAA basketball betting comes to a crescendo with the Finals. Arguably the most popular College basketball betting odds are offered on the Finals. Who makes it? What score will it finish? Will there be Overtime? There is an array of markets offered on the Finals of March Madness.
Final 4 betting is a common basketball betting market. You can bet on which teams will make the Final 4, essentially the last four teams remaining in the March Madness tournament.
If you’re struggling to decide who will make the Final 4, try the Elite 8 market. Choose which sides will make the last eight of March Madness, and can offer a good deal of value.
Sweet 16 odds are popular for the value they can offer. Any side who makes the last 16 of March Madness have done well. You can bet on which teams make the last 16, who will progress and more.
How To Read Basketball Betting Odds
Understanding basketball betting odds can be a daunting task, particularly if you’re new to betting. Finding where the betting value lies is vital if you want to be a successful bettor, whether you’re betting on NBA lines, college basketball betting or any tournament.
Firstly, you don’t have to be fantastic at math to understand how odds work. You just need a basic grasp of how to read lines, this will give you a much better chance of making a consistent profit.
So, what are basketball betting odds? In its most basic form, odds illustrate the implied probability of a specific event happening.
Let’s demonstrate this with an easy example, the flip of a coin. The chances of our coin landing on heads or tails are the same. There is a 50% chance of the coin landing on either side.
We can also use the following formula:
100% / 2 = 50%
If we decided to roll a dice, with six possible outcomes, we could use this formula:
100% / 6 = 16.66%
So how does this relate to basketball betting odds? When you’re learning how NBA betting odds work, remember that as a rule of thumb a minus side means the favorite and the plus sign means the underdog.
Let’s discuss a real-life example. Utah Jazz are playing New Orleans Pelicans in the NBA. The bookies have priced Utah Jazz at -120 to win.
In other words, the bookmakers believe that Jazz have a 54.5% probability of winning the game. How do we know this? We divide the odds by itself and add 100, using the following calculation:
(-(-120) / ( (-(-120) ) + 100 = 120 / 220 = 0.545
It doesn’t seem an easy way to work out implied probability, does it? A simpler way to work out betting value is to use an online calculator who can work out the value for you.
A key aspect of successful betting is to find odds where the probability of a team winning is higher than what the bookmakers think. So, if you’ve researched the fixture and you think Utah Jazz have a 60% chance of winning, you’ve found a value bet.
How much can you actually win in cash for a successful bet? Let’s take a closer look.
Our NBA betting odds on Utah Jazz to win are -120. A minus sign indicates how much you have to place in order to win $100. In other words, $120 on a Utah Jazz win at those NBA odds will see you make $100.
Moneyline odds with a plus sign in front work a little differently. The + symbol means how much you would win if you place a stake of $100 on a successful bet.
In our example, we have New Orleans Pelicans priced at +160 to win. This means if you place $100 on a Pelicans victory and they win, you will win $160.
If you find Moneyline odds difficult to comprehend, most bookmakers allow you to change the odds format displayed. Try Fractional or Decimal odds, which can be much simpler to understand.
How To Bet On Basketball In New Jersey
Found some tasty NBA odds? Looking at a good NCAA basketball betting opportunity? Let’s see how you can place a bet on basketball online in New Jersey.
Let’s stick with our previous example. You want to place a bet on New Orleans Pelicans to beat Utah Jazz at NBA betting odds of +160. Here’s what you do.
Sign up to a New Jersey online sportsbook, there’s many good ones to choose from. Once you’ve registered, hit the NBA tab.
Find the New Orleans Pelicans v Utah Jazz fixture. Click on the fixture to display all available markets on that game. Then, click the odds for the Pelicans victory.
Your choice will be transferred to your online betting slip. Enter a stake you’re comfortable with and confirm your bet.
To summarize, follow these steps when you want to place a bet on basketball:
- Sign up to a reputable bookmaker
- Find the fixture you want to bet on
- Scroll through the list of available markets
- Click on the odds you want to bet on
- Enter your stake on your betting slip
- Confirm your bet
Live Basketball Betting
Traditionally, pre-match betting has been the only possibility when you look to bet on basketball. Now, though, most bookmakers offer some form of in-play betting, meaning you can place bets while the fixture is taking place.
There is a range of live basketball betting odds you can take advantage of. Markets like Next Point, Half Betting and Quarter Betting are common and can provide more value than pre-match options.