Basketball Betting: Odds, Tips, and Best Sportsbook Singapore

Basketball Betting in Singapore

Basketball betting online has strict regulations in Singapore. But that is not to say that they are completely illegal. Singaporean bettors still have the option to bet on offshore sportsbooks, as long as it's a reliable one, like the list above. 

All you have to do is create an account, choose a basketball match to bet on, the right betting market, then, you’re good to go! Even better, you can watch as the game unfolds in front of you. If your bet is correct you win. If not, you don’t have to worry because there's a multitude of chances you have. Just always remember to bet responsibly! 

How to Read Betting Odds Basketball 

When it comes to Singapore sports betting, understanding the odds of the game is important. It represents the likelihood of a specific outcome of a match that will determine how much you can win from a specific wager. 

Sportsbooks set these odds based on many different elements including the team performances, player statistics, and whom everybody is betting on. Below are the most common betting formats you can encounter in betting sites Singapore. 

Decimal Odds 

Decimal odds present a simple way to show the return on a winning bet, including the original stake. 

Example:

Placing a bet of $10 on the New York Knicks at decimal odds of 2.50 would yield a total of $25 if the Lakers win the game. This amount consists of a profit of $15 along with the return of your initial $10 stake.

American Odds

American Odds, on the other hand, often known as money line odds, use a plus or minus sign to show if a team is the underdog or the favorite. A number means the team is favored and tells you how much you need to bet to win $100. On the side, a number indicates the underdog and shows how much you win with a $100 bet.

Example:

If the Warriors are -200 against the Lakers you'd need to bet $200 to win $100. On the other hand, if the Lakers are +150 underdogs a $100 bet would give you $150 in winnings if they win. 

Fractional Odds

The last one will be fractional odds. This type of odds is represented as fractions, such as 1/2 or 3/1. The right number represents the profit, while the right number is the amount you bet. So 1/2 indicates that for every $2 stake, you will make a $1 profit. Similarly, 3/1 indicates that for every $3 stake, you will profit $1. 

Example:

If the Denver Nuggets are 1/2 favorites against the Memphis Grizzlies, a $10 bet would pay out $15 ($10 plus $5 profit). If the Nuggets are 3/1 underdogs, a $10 bet will result in a payout of  $40 (calculated by multiplying $10 by 3 and adding the initial $10 stake).

Basketball Tournaments to Bet On

Basketball will never run out of tournaments to offer on the table. From local to international matches, they have you covered with a never-ending sports action. Aside from the much-anticipated NBA, below are the following basketball betting tournaments you don’t want to miss.

NBA 

With the popularity of the NBA, this league doesn’t even need further introduction. It’s the premier professional basketball league in the United States and features 30 teams, including iconic franchises like the Los Angeles Lakers, Boston Celtics, and Golden State Warriors. The NBA season runs from October to June, starting with the regular season, followed by intense playoff rounds, and culminating in the NBA Finals. 

FIBA World Cup

The FIBA World Cup is the international championship of basketball, pitting national teams against each other. Like the Olympics, it happens every four years and is a huge event to bet on for basketball. Highly touted with great talent, it can sometimes produce many surprising results, so it's often very exciting for sports bettors who are looking for some international competition.

NCAA

The NCAA basketball tournament, particularly the men's edition known as March Madness, is a major event in the world of sports betting. With 68 college teams competing in a knockout fashion, this event piques the interest of bookmakers. The thrill of upsets and the unpredictable nature of teams make up the excitement of this basketball betting.

EuroLeague

The EuroLeague is the highest-level European professional basketball league, which includes teams from the majority of euro countries. The championships have a spectacular and highly competitive nature since the teams overcome numerous qualifications. The EuroLeague offers a different betting environment in comparison with the NBA, because of fewer games and a higher intensity. More often than not, this professional basketball also evokes interest due to its higher playing quality and the presence of international stars.

Japan B. League 

The B-League is the Japan Professional Basketball League and has been becoming more popular inside the country and also internationally. As long as the league continues to expand and its performance improves, the action will appeal to bettors looking for new options compared to more established leagues like the NBA and EuroLeague.

Olympics 

It's a competition where national teams feature and compete for gold, silver, and bronze medals. It's an event that happens once every four years and attracts lots of attention around the world, hence gaining attention from numerous people into betting. The Olympic format, due to its uniqueness and prestige, makes the betting experience far more exciting.

How to Bet On Basketball Online 

Basketball betting online is actually more simple than it seems. Forget about the jargon and confusing process, at SGCasinoInsider, we’ve prepared four steps you can easily follow. 

Step 1: Register in a reputable sportsbook

This is the first and most important step of all: choose a reputable sportsbook. Remember that if you want excellent gameplay, it all starts with the platform that you choose. Always look for sportsbooks that are licensed and regulated by a recognized authority, offer a wide variety of basketball markets, and have excellent customer support. 

Step 2: Make a deposit

Now that you have a betting account, you can now make a deposit. Once you choose among the Singapore betting sites above, all you have to do is select which payment method you prefer. They usually range from traditional local bank transfers, and e-wallets, to crypto. 

Step 3: Choose a basketball match and betting markets

With funds in your account, the real fun begins! Navigate to the basketball section of the sportsbook, where you'll find a list of upcoming and live matches from leagues all over the world, like the NBA, EuroLeague, or even local Singaporean basketball games if available. Once you've selected a match, you'll see a range of "betting markets". These are simply the different types of bets you can place.

Step 4: Bet and watch the game

After you've picked your match and decided on your betting market, simply enter the amount you wish to wager into your bet slip. The sportsbook will automatically calculate your potential payout based on the odds. Double-check everything to make sure it's exactly what you want, then confirm your bet. Now, all that's left is to sit back, relax, and enjoy the basketball game! 

Basketball Betting Tips and Strategies

Basketball betting is not always about luck — it is a calculated bet that takes into account numerous factors. Choosing to bet on a trusted online casino Singapore is not enough, if you want to increase your odds of winning relying on the best tips and strategies can be the way to go.

Here are some important recommendations you can consider to increase your chances of success:

• Understand the odds: You need to understand how basketball odds operate before you can make a bet. Odds are a reflection of the likelihood of an outcome but also tell you what you stand to win, so it’s always worth comparing odds across different sportsbooks and seeing what gets you the most value.
• Follow NBA betting tipsters: Tipsters are professionals who take a crack at examining matchups, stats, and betting trends to give expert predictions. Although it’s useful to pay attention to their insights, treat them as a guide rather than following along blindly.
• Make your own point spreads: Relying solely on bookmaker spreads isn’t a great approach, make your own, and use team form, injuries, and playing styles to come up with spreads that you are confident about. This helps you identify discrepancies in the odds and discover value bets.
• Prioritize value bets: Having a Priority Value bet is when the odds are better than the actual outcome probability. Avoid betting on the favorite all the time but rather look for betting on teams who are underrated yet have a good chance of winning.
• Use line movements: Odds can change due to trends in betting, news from the team and nearly all teams have some injuries. You can even track line movements that can help you know where the sharp money is going which can assist you with betting.

Frequently Asked Questions

What does handicap mean in basketball betting?

Handicap betting is a popular betting market with the main goal of making an uneven sports match fairer by giving a score advantage and disadvantage to the two playing teams. An advantage will be given to the underdog team while a disadvantage will be given to the team that has an upper hand. 

What is the best way to bet on basketball?

If you want to enjoy basketball betting in the best possible way, then choosing our top 10 online basketball betting sites in Singapore is the way to go. They offer a wide range of basketball tournaments and plenty of betting markets, so you will never run out of options to choose from. 

Is basketball betting profitable?

What makes betting on basketball more fun and exciting is the fact that you can try this sport with the possibility of winning big. You can turn your every bet into a profitable one as long as you make the right wager. Not to mention that online sports betting Singapore has rewarding bonuses and promotions that you can make the most of.