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Sports Betting on Basketball with Bitcoin

Crazy about the NBA? From the Chicago Bulls to the Lakers, the Celtics, and the Warriors, millions of fans watch every move of their idols. If you’re a basketball addict, you know what the thrill of the game feels like. And if it’s impossible to physically visit every event of your favorites, sports betting is a decent way to participate instead of just watching.

Never tried it? Or you did, and the experience sucked? There may be a few reasons for that, from your team losing to you being scammed by the bookie. Let us help you erase all the bad memories or start off on the right foot with basketball betting.

Betting on basketball: Your newbie guide

Basketball originated in the late 19th century in the United States. Initially intended to keep students physically active during the cold winter months, it rapidly evolved into one of the world's most popular sports. Basketball is unique in combining high speed, athleticism, and technical complexity, making it exciting to watch and play. A significant milestone in basketball history was the formation of the National Basketball Association (NBA) in the USA, which played a key role in popularizing the sport globally.

Over time, basketball has extended globally, with the World Championships and the Olympics showcasing the skills of the world's best players and attracting millions of viewers. Even those with little interest in basketball heard names, events, or brands connected to this type of sport. Let’s check?

Basketball has seen many legendary players who have significantly impacted the sport. Even your mom has heard about Michael Jordan. Widely regarded as the greatest basketball player of all time, Jordan's career with the Chicago Bulls in the NBA during the 1980s and 1990s was marked by six championships and numerous individual awards.

Another star, Kobe Bryant, played for the Los Angeles Lakers and gave us memorable performances. The Lakers were a home for one more star, Magic Johnson, one of the best point guards ever. His rivalry was Larry Bird, a key figure in the Boston Celtics in the 1980s. And LeBron James is an icon of the modern era, known for his versatility, strength, and basketball IQ. His achievements include multiple NBA championships and MVP awards.

Some of the top championships and tournaments you can watch for basketball betting include the NBA Finals, Olympic basketball, FIBA Basketball World Cup (held every four years), and what’s called an NCAA March Madness – the annual college basketball tournament in the USA, known for its excitement and upsets.

And if you, for some reason, have any friends who haven’t heard of those names or abbreviations, you won’t find a person who doesn’t know about Nike’s Air Jordan or hasn’t seen some other Nike promos featuring famous basketball players.

All we want to say is that basketball is a very popular game. Ready to dive deeper into the game and betting specifics?

Game rules, betting lines, and odds

You've got two teams, each with five players. The whole point of the game is to score more points than the other guys by tossing the ball into their hoop from above. And, of course, you gotta stop them from doing the same to you.

If you nail a shot far beyond the three-point line, you bag yourself three points. But if you're inside that line when you shoot, you get two points. And then there are free throws, just one point each, but every point counts!

Now, moving the ball is all about dribbling (bouncing it while you're moving) or passing it to your teammates. Keep things moving, you know? And in the NBA, once your team gets the ball, you've got 24 seconds to take a shot. Keeps the game fast and exciting.

Watch out for fouls, though – that's when you get a bit too physical with the other players. You can only get away with a few before you're out of the game. And if you foul someone, they might get to take free throws, like free shots at the hoop.

If you step out of bounds with the ball or mess up by traveling (moving without dribbling), double dribbling, or goaltending (blocking a shot on its way down), you have to hand the ball over to the other team. Fair's fair.

And if the game's tied when the regular time runs out, you go into overtime to see who comes out on top. More basketball, more fun, right?

Now, let's dive into the basketball betting – it's not as complicated as it sounds. You've got a few different ways to place your bets, each with its own little twist.

  • Moneyline: This one's super straightforward. Just pick the team you think is going to win. Simple as that.
  • Point spread: Here's where it gets a bit more interesting. You're betting on how much a team will win or lose. So, if Team A has a spread of -5.5, they're expected to win by more than 5.5 points. It's like giving the underdog a head start.
  • Over/Under (Totals): This one's all about guessing the game's total score. You bet whether the combined score of both teams will be over or under a certain number. Kind of like predicting whether it'll be a high-scoring shootout or a defensive battle.
  • Prop bets: These are fun, random bets about specific things that might happen during the game. Like how many points a particular player will score, or if someone will pull off a crazy dunk.
  • Futures: Think long-term here, gather some statistics. You're betting on stuff like which team will clinch the championship way down the line. Requires a bit of a crystal ball, if you know what we mean.

Now, understanding the odds is key. Odds tell you how much cash you can win based on your bet. Say the odds are +150 – if you drop $100, you'd win $150 if you're right. These odds shift based on all sorts of stuff, like how the team's doing, injuries, and past performances. So, keep your eyes peeled on those factors, and here are some more tips for successful basketball betting.

Basketball betting tips and strategies

Whether it's the NBA, NCAA, or some overseas league, these pointers can help you improve your betting game and maybe even build a nice bankroll. Careful analysis of your tactics is key to success.

Shop for odds

First things first, always shop around for odds. Different sportsbooks might have slightly different lines, so it pays to look around. This is super important for parlays since even small differences in odds can make a big difference in your payout.

Avoid historical traps

Keep up with current trends, but don’t get too hung up on past performances. Like, if it’s late in the season, what happened months ago might not be that relevant. A perfect example is how the Boston Celtics turned things around in the 2021-22 season. They started off kind of meh, but then went on a tear and ended up in the NBA Finals. Remember, streaks and current momentum can be more telling than how a team did against the spread last season.

Utilize live betting

Live betting is all about catching the wave of the game. Basketball is full of momentum swings. Sometimes, betting on a team that’s down early can pay off since the spread often shifts a lot during the game. Just remember, the average win margin in the NBA is usually between two and eight points.

Don’t ‘tease’

In the NBA, stay away from teasers. They're more of a football thing. In basketball, with so many possessions, they just don't pay off as well.

Bet early

Jump on lines and odds when they first come out. The sharp bettors do this to snag value before it vanishes. As game time approaches, odds and lines get more precise.

Check the team schedule

In the NBA, teams playing back-to-back games can be at a disadvantage. Fatigue, travel, and player rest can affect a team’s performance.

Keep an eye on injuries

Injuries can really change the game in basketball. Bet early, but stay updated on injury reports. Sometimes, even non-injury rest days for players can shift the odds.

Consider possessions and pace

The number of possessions in a game affects the score as much as offensive efficiency. Fast-paced team vs. slow-paced team – think about how that matchup will play out.

Remember, there’s no perfect strategy, but these tips should give you a solid start. Whether you're new to basketball betting or looking to step up your game, keeping these strategies in mind can definitely help! Also, go through responsible gambling practices to avoid a gambling problem.

Basketball betting: The way of crypto

Whether you’re an amateur or a seasoned pro, we know you don’t like how sportsbooks do business. That’s what all matches have in common — it’s not the players but the bookies who have the best odds.

But blockchain technology is what makes the difference in basketball betting. Sounds interesting? Keep reading to find out about the better way to bet on basketball.

Crypto betting feels strange for people who are used to placing basketball bets exclusively via the traditional bookmaker. But it’s not because basketball betting with Bitcoin is challenging. It’s just something new you’ve never tried and maybe feel biased about. But you shouldn’t.

What do we mean? Here are some interesting facts about decentralized betting:

  • There’s no central authority. Crypto betting sites work without regional restrictions. More than that, all bets are powered by smart contracts. Not to get too technical, it means the sportsbook can’t control your money and won’t deny your payment transactions.
  • Your betting stays anonymous. Gone are the days when you must upload tons of personally identifiable information to get your winnings. Blockchain-based sportsbooks don’t require any lengthy and burdensome KYC procedures and ID verification.
  • Hate waiting? Good news! Bitcoin basketball betting means the platform doesn’t process your funds, and your crypto payouts are available immediately.

Unless, of course, you are dealing with regular bookies. You might be wondering about another thing. How complicated are NBA betting sites for crypto newbies?

How to bet on basketball online with sportbet.one

Sportbet.one platform uses blockchain tech nology to make online betting on basketball safer and faster. It takes four easy steps to start:

  1. First things first, jump into sportbet.one. You've got options here: use your crypto wallet for that high-tech feel, or if you're more about the usual stuff, your Google, Facebook, or Twitter accounts are totally cool, too.
  2. No crypto? No sweat. Sportbet.one has an exchange service powered by MoonPay where you can snag some EOS, Bitcoin, or USDT. It's like a one-stop shop for getting your betting funds ready.
  3. Head over to the basketball zone. Here, you can pick a game that's got you hyped. Each game's got its own markets – think of them as different ways you can bet on what's going down in the game.
  4. Now, the fun part – laying down your bet. How much are you feeling? Put that amount in, click the bet button, and you're in the game!
  5. So, you played, you won, and now it's time to enjoy the spoils, right? Just head to the withdrawal section and choose where you want your winnings to go – your crypto wallet or directly to your exchange service account. Punch in the amount you want to withdraw, confirm it, and boom – your winnings are coming to you. Thanks to blockchain magic, it's quick and easy, and you don't have to sweat about security.

Didn’t expect it to be so smooth? With sportbet.one, this is all it takes to enter the world of basketball bitcoin betting.

Make all kinds of basketball bets with crypto

You can bet on any basketball game if you have the cryptocurrency. Sportbet.one allows you to wager on NBA live events on a global scale.

We are not limiting you to NBA moneyline bets. You can place your crypto on any of three possible outcomes with 1X2 betting or, if you want a less risky option, on handicap betting.

Your convenience is our priority. If you have a favorite, you can easily find it using the search bar. Plus, you can monitor how the match is going from our site.

Here’s a recap of basketball betting options on sportbet.one:

Match Winner (Moneyline)

1st Half Winner

1st Quarter Winner

Match Handicap (Point spread)

1st Half Handicap

1st Quarter Handicap

Match Total (Total bets)

1st Half Total

1st Quarter Total

Match Team Total

Match Odd/Even

What’s your line today?

Step up your game with blockchain basketball betting!

Low fees, KYC-free money withdrawal, complete anonymity, and no geo-restrictions. Does that sound good? Our platform can help you jumpstart your journey into blockchain betting in minutes.

Are you tired of uneven sportsbook odds? Place your basketball bets with sportbet.one for transparent, easy, and anonymous winnings!

Frequently Asked Questions

❓What are the types of basketball crypto bets?

When it comes to basketball betting with crypto, sportbet.one offers a variety of options that let you get creative with your bets. Here's a quick rundown:

Match Winner (Moneyline): The classic bet - pick who you think will win the game.

1st Half and 1st Quarter Winner: Bet on who leads at the end of the first half or first quarter.

Match Handicap (Point Spread): This is about betting on the point difference. Will the favorite win by a certain margin?

1st Half and 1st Quarter Handicap: Similar to the match handicap, but for the first half or quarter.

Match Total (Over/Under): Predict if the total score by both teams will be over or under a specified amount.

1st Half and 1st Quarter Total: Same as Match Total but for the first half or quarter.

Match Team Total: Bet on how much one particular team will score.

Match Odd/Even: A fun one - will the total score be odd or even?

❓ How to bet on basketball with crypto?

Betting on basketball with crypto on sportbet.one is super easy and quick. Here's the play-by-play:

Log in: Jump onto sportbet.one. You can use your crypto wallet or a regular Google, Facebook, or Twitter account.

Get your crypto: No crypto yet? No worries. Use the platform’s exchange service to buy some EOS, Bitcoin, or USDT.

Choose your game: Head to the basketball section and pick the game you’re excited about. You'll find different betting markets for each game.

Place your bet: Decide your wager amount, put it in, and hit that bet button.

Withdraw your winnings: If you've won, go to the withdrawal section, choose where to send your winnings (crypto wallet or exchange account), enter the amount, and confirm. Your winnings are on their way to you.

❓ Is basketball betting with cryptocurrency safe?

Basketball betting with cryptocurrency, especially on platforms like sportbet.one that use blockchain technology, is generally considered safe. Here’s why:

  • No central authority: With decentralized betting, thanks to smart contracts, no central body controls your funds.
  • Anonymity: You don’t need to provide personal info or go through lengthy KYC procedures to place bets or withdraw winnings.
  • Immediate payouts: Winnings are immediately available without the platform processing your funds.
  • Global access: No regional restrictions – bet from anywhere.
  • Transparent and fair: Blockchain technology ensures transparency, making you less likely to face unfair practices.