The best online sportsbooks provide competitive NBA odds, a broad selection of wagering options, and exclusive bonuses for basketball bettors. This guide explains how to read NBA odds, how to find the most valuable betting lines, and why it is important to claim odds boosts and bonuses.

Read on to learn more about NBA betting odds.

NBA Championship Odds

The latest NBA Championship odds include the Boston Celtics as the favorites to win. You can get these odds at +400 on any number of sportsbooks, including DraftKings, FanDuel, BetMGM, and PointsBet.

The Bucks, Nets, Nuggets, and Warriors round out the top five in the title odds with prices ranging from +750 to +900. The Nuggets are the top seed in the Western Conference as the trade deadline approaches.

Make sure you stay on top of changes in the NBA championship lines, find the best odds value, and identify opportunities to hedge your bets.

NBA MVP Odds

Online sportsbooks release NBA MVP odds before the start of every season. The best players from the previous season are typically among the favorites. These NBA betting odds change during the season, depending on how well each player is performing and the relative impact they have on their team. Injuries also often have a major impact on NBA MVP odds.

Placing bets early can obviously be beneficial as it gives bettors time to benefit from odds changes, but there is still plenty of time to find value in the MVP race this season even as the regular season reaches its final stages.

As the All-Star break comes to an end, Nikola Jokic still stands atop the NBA MVP leaderboard while the likes of Joel Embiid, Giannis Antetokuonmpo, Jayson Tatum, and Luka Doncic round out the top five.

You can also bet on the NBA Finals MVP. The top players on the NBA playoff teams sit atop those odds.

What Is The Best Way To Bet On NBA Odds?

The best way to bet on NBA odds is via one of the many legal online sportsbooks. It is important to compare the NBA odds available at those sportsbooks to find the best value on bets you wish to place. You can use the NBA odds Vegas Sportsbooks publish as a benchmark, but you will often find better value online.

We also recommend claiming sportsbook bonuses, including NBA odds boosts, deposit match offers, risk-free bets, and parlay promotions. These are the sportsbooks with the best offers and bonuses for NBA odds:

Caesars Sportsbook NBA Odds

Caesars Sportsbook offers competitive NBA betting odds on every game of the season. The current Caesars Sportsbook promo code offers a generous $1,000 first bet on Caesars using promo code ROTO1000, meaning you get your money back as a free bet if your first wager loses. Caesars Sportsbook also offers more NBA odds boosts than any of its competitors.

BetMGM NBA Odds

You can select your favorite NBA team on BetMGM, and it will provide you with customized promotions and content related to that team throughout the season. The BetMGM welcome bonus is a $1,500 bonus bet when you use bonus code ROTOBONUS, and there are loads of additional bonuses for basketball fans, including free bet tokens, one-game parlay insurance, and prize draws. BetMGM even offers live streaming of select NBA games too.

BetRivers NBA Odds

BetRivers offers new customers a second-chance bet worth up to $500 using the BetRivers bonus code. It is a great option for NBA bettors as you can choose from hundreds of bet types on every game, and the live betting section is terrific.

Bet365 Sportsbook NBA Odds

The Bet365 bonus code gives new users a No Regret First Bet for up to $1,000. Use the bonus to bet on NBA odds on Bet365 today. Whether you want to bet on NBA player props, NBA Finals odds, or single-game moneylines, Bet365 has those markets and more.

DraftKings Sportsbook NBA Odds

DraftKings Sportsbook has great NBA bonuses on a regular basis. One of them gave bettors the chance to wager $1 at boosted NBA betting odds of 100-to-1 (+10000) on a single 3-point field goal being made in a game. The sportsbook ran an NBA playoffs promo of "Bet $5, Get $200" during the 2021-22 season, giving users six free $25 bet tokens after placing a $5 wager.

FanDuel Sportsbook NBA Odds

The FanDuel Sportsbook promo code nets new users an awesome welcome bonus which is among the best in the industry. The sportsbook is very popular among NBA basketball bettors due to the quality of its mobile app, the speed of its payouts, and the competitiveness of its NBA Finals odds.

What NBA Betting Lines And Markets Are Available To Wager On?

The best online sports betting sites provide more than 100 different betting markets on a single NBA game. These are the most popular NBA betting lines and markets available:

NBA Spreads

Betting NBA spreads is the most common way to bet on an NBA game. The sportsbooks provide a point spread for each game, and you can bet on either team to cover it. For example, you could bet on the Golden State Warriors -6.5 at -110 odds against the Memphis Grizzlies – meaning the Warriors would need to win by 7 or more points to win the bet. A wager on Memphis +6.5 would mean the Grizzlies could win or lose by up to 6 points to cover the spread.

NBA Over Under

NBA over under betting is a wager on the total number of points scored in an NBA game. You bet on whether the total points scored will go over or under the line set by the sportsbook.

For example, you might find NBA odds of -110 on an over of 212.5 points in a game between the Boston Celtics and Miami Heat. The under of 212.5 points will also have -110 odds.

NBA Moneyline

An NBA moneyline bet is a straightforward wager on which team will win a game. There is usually a favorite and an underdog in the NBA moneyline odds.

For example, you might find the Los Angeles Lakers as the -145 favorites to beat the New York Knicks and NBA betting odds of +125 on the Knicks. The NBA moneyline odds tell you what you need to risk in order in order to win $100 on the favorite and what you'd net on a $100 bet on the underdog. If you take the Lakers moneyline for $145, and they pull off a victory, you'd win $100. If you pick the Knicks to win and risk $100 on them pulling off the upset, you'd get $125 if New York won.

NBA Parlay

An NBA parlay allows you to combine multiple NBA picks into a single wager. The payout increases with each leg you add. For example, you might bet on the Kings, Warriors, Hawks, and Thunder all to cover the spread at combined NBA odds of +1228. All four teams must cover for the bet to succeed. If any one of those four teams does not cover the spread, then your NBA parlay bet loses.

NBA Teasers

NBA teasers are similar to parlays, but they include several alternative spreads or totals. In a teaser, you are able to move each NBA line in your favor by a certain number of points. This seemingly makes it easier to win a bet, but also results in a smaller potential profit on your multi-leg wager.

NBA Live Betting

NBA live betting is the ability to wager on an NBA game after it has started. Sportsbooks continue offering point spreads, moneylines, NBA prop bets, and so on after the opening tip based on what's going on in the game. The NBA odds tonight can change quickly to reflect the action, so you might not always have time to hunt down the best odds.

NBA Player Props

NBA player props focus on an aspect of a player's performance during a game. You can bet the over-under on the number of points, assists, rebounds, steals, or blocks a player will manage.

The best betting sites also offer the chance to combine stats, such as over 14.5 assists and rebounds, and you can bet on markets like double-doubles and triple-doubles, too.

NBA Futures

NBA futures are available on long-term markets such as the winner of the NBA Championship or the Western Conference. You will also find NBA Vegas odds on whether a team will make the playoffs, and you can bet the over under on regular season wins for each team. Vegas odds NBA may also focus on player markets like regular season MVP, Rookie of the Year, and Most Improved Player.

NBA Rookie Of The Year Odds 2023

This year's Rookie of the Year odds are taking shape and Orlando's Paolo Banchero is putting some distance between himself and the rest of the field. The Duke product has odds as low as high as -2000 and his best price is at -667 at BetMGM.

Among the other competitors, Indiana's Bennedict Mathurin and Utah's Walker Kessler round out the top three but are both relatively longshots compared to Banchero. In other years, the Rookie of the Year race has gone down to the wire, such as the 2021-22 season. However, this is shaping up as Banchero's award to lose and Mathurin or Kessler would have to go on ridiculous tears to close the gap.

How To Read NBA Odds

NBA betting odds are always displayed in the American format. That means they begin with a minus symbol or a plus symbol. If the NBA odds Vegas sportsbooks provide begin with a minus, it tells you how much you must risk in order to win $100. For example, if the odds are -110, you need to bet $110 to earn a $100 profit.

If the NBA betting odds begin with a plus, it tells you the profit you would earn by placing a successful $100 bet. For example, if the Golden State Warriors are +350 to win the NBA Championship, a $100 bet would result in a $350 profit. You get your bet amount back if you win, so your total return would be $450. You do not need to wager exactly $100, as that is only a guide. You might bet $20 to win $70, or you could bet $1,000 to win $3,500.

What does -170 mean in NBA betting?

The -170 in NBA betting tells you that a $170 bet would earn you a $100 profit, if the bet is successful. You get your bet amount back on winning wagers, so your total return would be $270. You do not need to bet precisely $170. You could bet $50 to win $29.41, for example.

What does -5.5 or +5.5 mean in NBA betting?

This refers to an NBA point spread. One team will be the 5.5-point favorite and the other the 5.5-point underdog.

For example, you might find the Phoenix Suns as the 5.5-point favorites against the Dallas Mavericks, with NBA betting odds of -110 on either team covering this point spread. If you bet on the Suns -5.5, they need to win by 6 or more points. If you bet on the Mavericks +5.5, they could win the game or lose by up to 5 points for you to win the wager.

What does a total of 220.5 mean in NBA betting?

A total of 220.5 in NBA betting means you are predicting if the total number of points scored in an NBA game will end up above or below 220.5 points. That over under total line is set by an online sportsbook. You will be able to bet on over 220.5 points in the game or under 220.5 points in the game. You typically find -110 NBA odds on both options in an over under bet.

With a total bet, you aren't picking who will win the game. It is simply a prediction of the cumulative points that both teams will score.

NBA Betting Odds

You will find a wealth of competitive NBA odds today if you sign up with a leading online sports betting site, such as Caesars Sportsbook or BetMGM. New customers can unlock hundreds of dollars in site credit as a welcome bonus, so register an account and start browsing hundreds of NBA bets.

NBA Odds FAQ

What are NBA Vegas Odds?

NBA Vegas odds are pro basketball betting lines published by prominent sportsbooks in Las Vegas. Until 2018, Nevada was the only state with legal sports betting, so NBA Vegas odds have always been widely circulated in the media. You can still find Vegas odds for the NBA, but the NBA lines and odds from online sportsbooks like FanDuel Sportsbook and DraftKings Sportsbook are now more prominent.

Which states can I bet on NBA games?

You can bet on NBA games in many states including Arizona, Arkansas, Colorado, Connecticut, Delaware, Illinois, Indiana, Iowa, Louisiana, Maryland, Michigan, Mississippi, Montana, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Oregon, Pennsylvania, Rhode Island, South Dakota, Washington, Virginia, West Virginia, Wisconsin and Wyoming, and the District of Columbia.

Where can I find the latest NBA lines?

You can find the latest NBA lines by visiting online sportsbooks such as Caesars Sportsbook, BetMGM, BetRivers, WynnBET, DraftKings Sportsbook and FanDuel Sportsbook. They offer NBA moneyline odds, NBA point spreads, totals and various NBA prop bets. If you would like to learn how to read NBA odds, check out our in-depth betting guide.

Can I bet on the NBA Draft?

You can bet on the NBA Draft by visiting an online sportsbook. You will find betting options on the NBA including the first player to be drafted, which position will be drafted first and so on. These NBA bets will typically be located in the NBA futures odds section, which also contains NBA playoff odds and NBA MVP odds.

Who is the favorite to win the NBA Championship?

The Boston Celtics are the betting favorite to win the 2022-23 NBA Championship. The Celtics' title odds range from +350 to +400 depending on the book. The Bucks and Warriors round out the top three.

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