NBA 2023-24 Betting: What Do You Need to Prepare for the New Season?

Are you ready to enjoy the new NBA season 2023-24 while making some money? NBA 2023-24 Betting: What Do You Need to Prepare for the New Season?

Another NBA season is upon us after the successful NBA Finals that concluded last June. This coming October 24, 2023, the association will kick off its 78th season, and a lot of people are excitedly waiting for that day to come.

How to Prepare For The NBA 2023-24 Betting

As a fan, there are several ways you can participate in the upcoming event, and one of them is by betting on the sport. Betting allows you to enjoy and earn money from watching your favorite athletes play.

Planning to participate but don’t know where to begin? Here are several things you should do first before starting your betting journey.

Find the Best Sportsbook

A sportsbook is a website that operates and caters to sports bets. So, before you check for the basketball odds, you must find a sportsbook to place your bet on. Take note that a sportsbook is a crucial factor in sports gambling since they are responsible for your wagers and are the ones who’ll hand out your winnings. Hence, select a reliable sportsbook that will handle your money carefully.

You can consider visiting several gambling communities to know which sportsbooks are popular among bettors. Start reading reviews and feedback about them. If you're satisfied with the site's services, include them in your options. Once you’ve collected several sites, you can narrow it down until you find the best sportsbook for you.

Study the Betting Line

The betting line is where the sportsbook displays NBA odds that you can use as a reference when placing your bet. The betting line also determines what team will be the favorite and the underdog in the game, with the former having the best chance of winning and the latter the opposite.

Here are the early favorites you should watch out for in the upcoming season.

● Denver Nuggets:

After completing the 2023 NBA Finals as the winner, the Nuggets are yet again the favorite to win the following season. The early odds are predicting that they might be able to defend their title and win the Finals again. It's important to note that key players Jokic, Murray, Gordon, Caldwell-Pope, and Porter Jr. are still under contract, so fans can expect an eventful season from this team.

● Miami Heat:

After losing just a few points, the Heat is not far from being the early favorites for the 2023-24 NBA season. The team may have had a rough start last season, but they recovered fast due to their resiliency and talent. Aside from that, Adebayo will be back next season, completing the team's defensive line.

Research the NBA Schedule

The best way to try predicting the NBA results and have a better chance of winning is to get ahead. In short, you must be a step ahead, look for the available schedule, and do your research. Fortunately, the NBA announces the season's schedule weeks before the kickoff.

So, you can do your thorough research and read what's happening in the playing teams, look for their injury report, and be updated with the sudden changes. You should also read the morning news report to be aware of the recent updates on the sport, as betting lines can drastically change after serious NBA-related headlines drop.

Understand the Odds

Odds present the amount of money you could get when a team wins the game. These are the figures that are displayed alongside betting lines. The odds are accompanied by either a positive sign (+), which represents the underdog, or a negative sign (-), which is used to represent the favorites.

For instance, if you bet on a favorite team, the number beside the negative figure represents how much you have to bet to win $100—that is if they win the game. Meanwhile, you have to bet $100 on an underdog team to win the positive number on the betting line. Sounds simple, right?

Decide What to Bet

The NBA is one of the best sports to bet on since basketball presents several types of bets you can participate in. With this, you can experiment and discover the type of wager that suits your playstyle. While gambling is a game of chance, there are types that certain bettors prefer due to how much easier or profitable they are.

As such, here are the most popular types of NBA bets that you can look into:

● Moneyline:

Moneyline is the traditional way of placing bets in sports betting. This bet only requires you to determine the possible winner of the game. If you wager on the winning team, then you’ll profit from your bet.

● Spread:

This type of bet covers the gap between the favorite and the underdog. When you bet on your favorite team, they must win with a particular gap so that you can receive your winning. So, if the favorite team's odds are -6, then they must win the game with an extra six or more points. On the other hand, the underdog must either close the gap with a minimum gap or outright win the game for you to profit.

Final Thoughts

If you've been planning to participate in NBA betting for a while now, this upcoming season would be the best time to start. If you’re a newbie grasping the ins and outs of the game, you can follow this guide and start your preparation. That way, when the kickoff starts and the betting lines are finally open, you're up and ready to go!