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Online Casino » Best Sports Betting Sites in Canada 2024 » Best Basketball Betting Sites in 2024

Best Basketball Betting Sites in 2024

Basketball enjoys global popularity, with a particularly strong following in Canada, and online betting on this sport has become a widespread pastime. Our experts analyzed and compared the available options to find top-rated sites that offer excellent odds and the best basketball bonuses. We also looked into the big basketball tournaments and have all the info to keep our readers updated. Let’s dive in!
Written by
maranello
Updated
May 13, 2024

The Top Online Basketball Betting Sites

#
Casino
Casino Details
Bonus
Features
Play
1
2
Hot Bet Casino
Rating
3 /5
100% up to $300
On your first deposit
  • Sportsbook available
  • SpinBooster
  • Many games
  • Win Rate 95.8%
  • Wager 35x
  • Payout 1-5 days
Established
2022
Total Games
288+
  • Visa
  • Mastercard
  • ecoPayz
  • Interac
  • Muchbetter
  • Skrill
3
Wazamba Casino
Rating
4.5 /5
100% Up to C$750 + 200FS
With a min deposit of C$30
  • Bonus Crab for C$15
  • Reload Bonus $1050 + 50 FS
  • Live Cashback 25% up to $30
  • Win Rate 97.9%
  • Wager 30x
  • Payout 1-3 days
Established
2019
  • Mastercard
  • Visa
  • Interac
  • Bitcoin
  • Muchbetter
  • Neosurf
  • MiFinity
  • Jeton
  • eZeeWallet
  • Bitcoin Cash
  • Tether
  • Ripple
  • ecoPayz
4
Snatch Casino
Rating
4.7 /5
C$9000 + 325FS
Welcome bonus pack
  • Sports betting and casino
  • 24/7 customer support
  • Slot races
  • Win Rate: 96%
  • Wager: 35x
  • Payout: 1 day
Established
2021
Licence
Curacao
  • Bitcoin
  • Bitcoin Cash
  • Dogecoin
  • Mastercard
  • MiFinity
  • Neosurf
  • Neteller
  • Paysafecard
  • Skrill
  • Sofort
  • Tron
  • Visa
5
Extra Vegas
Rating
4.5 /5
$3000 + 90 FS
Welcome package for first 3 deposits
  • 200% bonus up to $3000
  • 300+ games cash prizes
  • 400% bonus with Neosurf
  • Win Rate 92.5%
  • Wager 20x
  • Payout 1-2 days
Established
2017
Total Games
200+
  • Bitcoin
  • ecoPayz
  • Neteller
  • Skrill
  • Visa
6
William Hill Casino
Rating
5 /5
Up to C$1000
Bonus Buy-In
  • Minimum deposit C$10
  • Weekly reload bonus
  • Slot tournaments
  • Win Rate 97.4%
  • Wager 40x
  • Payout 2-5 days
  • Visa
  • Mastercard
  • Trustly
  • Idebit
  • Bank Transfer
7
PalmSlots Casino
Rating
4.8 /5
Up to C$1500
For just C$7
  • Sportsbook available
  • Up to 20% cashback
  • Live streaming
  • Win Rate: 96.3%
  • Wager: 40x
  • Payout: 1-2 days
Established
2022
Licence
Curacao
Total Games
500+
  • Bank Transfer
  • Maestro
  • Mastercard
  • Neteller
  • Sofort
  • Trustly
  • Visa
8
Parimatch Casino
Rating
1 /5
150% up to C$1500
Welcome bonus
  • 100% Match Bonus
  • Loyalty Program
  • 10% Reload Bonus
  • Win Rate 99.58%
  • Wager 30x
  • Payout 1-2 days
Established
1994
  • Visa
  • Mastercard
  • Interac
  • Skrill
9
Nomini Casino
Rating
4 /5
100% Up to C$750 + 200FS
Welcome Package
  • Fast payout
  • Up to 1 BTC in Lucky Spin
  • Rakeback with every bet
  • Win Rate 98.5%
  • Wager 35x
  • Payout 1-3 days
Established
2019
Total Games
1611+
10
31bet Casino
Rating
3 /5
100% Up to C$1000
Welcome bonus
  • Sportsbook available
  • Instant support
  • Huge progressive jackpots
  • Win Rate: 96%
  • Wager: 35x
  • Payout: 1-3 days
Established
2021
Licence
MGA
  • Mastercard
  • MiFinity
  • Muchbetter
  • Neteller
  • Paysafecard
  • Skrill
  • Sofort
  • Visa

What is Online Basketball Betting

Online basketball betting is similar to traditional bookmaking. Choose your market, check the odds, and decide how much to wager. The popularity of basketball betting is growing due to its straightforward scoring and frequent breaks, creating chances to bet. For example, users bet on outcomes such as the game winner or total points scored. The simplicity and dynamic nature of the sport make basketball betting engaging and accessible for enthusiasts seeking to add excitement to the game.

How to Sign Up to a Basketball Betting Site

Here’s a step-by-step list of how to sign up for a basketball betting site:

  1. Choose the betting site from the recommended list.
  2. Look for the ‘Register’ or ‘Sign Up’ button on the homepage.
  3. Fill in all the required registration form details.
  4. Create a security question and answer for additional protection.
  5. Establish a unique username and password for the account.
  6. If you have a promotional code, enter it to claim any available bonuses.
  7. Confirm age to comply with site regulations.
  8. Explicitly agree to the terms and conditions of the betting site.
  9. Finalize the registration process and log in to the newly created account.

Best Basketball Bets to Make

Every time you go to a basketball betting website, you’ll encounter a wide range of opportunities to engage in the excitement. Our team prepared a description of each option, hoping it would give newbies valuable insights. Additionally, whether you’re familiar with decimal, American-style money line, or British fractional odds, consider using online odds calculators as they are the perfect tool to assist you.

Moneyline bets

A moneyline bet is a popular form of basketball wagering involving a simple prediction of the winning team. Choosing the favorite is safer but comes with smaller rewards. On the other hand, opting for the underdog carries more risk but offers the possibility for greater returns. For instance, in the 2021 NBA Finals, a money line bet on the Bucks to win Game One at odds of 2.90 would have resulted in a C$290 win. In contrast, a bet on the Suns at odds of 1.45 required a C$222 bet to yield C$100.

Point spreads

Sportsbooks use the point spread to level the playing field between teams of varying strengths. The team considered superior, indicated by a minus sign, needs to win by more than the specified point spread. Conversely, the underdog, marked with a plus sign, must either win outright or lose by a margin smaller than the specified spread. These bets are commonly referred to as ‘against the spread’ (ATS).

Over/under bets

Bettors choose an over/under bet, also called a total bet, as an alternative to picking a winning team. In this type of wager, instead of selecting a team to win, you predict the total combined score of the game. For example, in an NBA Finals game with a set total of 219.5 points, bettors decide if the final combined score will be over or under that specified number. This betting approach adds excitement by concentrating on the scoring dynamics of the game.

Props bets

Proposition bets, known as prop bets, focus on specific events within a game, not the outcome. Examples include predicting the first scorer or which team scores first and if they win. In NBA prop betting, fans explore diverse opportunities beyond the final result. Over 100 prop bets per game are common during the regular season, covering elements like alternate spreads, first-basket scorers for each team, halftime scores, and shots.

NBA futures bets

NBA futures bets involve predicting future event results, focusing on long-term projections beyond immediate game results. These bets cover conference winners, division winners, the NBA championship, and individual awards. If you’re confident about a team’s success in winning their conference or championship, placing a futures bet well in advance is an option. Making predictions earlier results in more favourable odds, providing bettors with the opportunity to secure attractive returns.

Parlay betting

Parlay betting involves wagering on outcomes across multiple games, offering the chance for significant winnings from modest stakes. However, each prediction must be accurate for the bettor to collect their winnings. NBA parlays amplify winnings but come with higher risk. The chance to win grows with each added leg, where a leg can be a bet on the money line, against the spread, or over/under for different games. Sportsbooks may allow same-game parlays with various prop bets as legs.

Live betting

Live betting adds excitement to wagering by enabling continuous bets during in-play matches. Top betting sites offer live markets with real-time odds for the spread, money line, and final score as the game progresses. It’s important to highlight that odds change dynamically, responding to events on the basketball court.

Types of Basketball Betting Bonuses

In the highly competitive betting industry, sportsbooks continually seek innovative methods to attract and retain customers. One effective method is offering bonuses, which are categorized into three types.

  • Welcome Bonus – When you sign up as a new customer with a sportsbook, you receive either a free bet or a bonus based on your initial deposit. Most sportsbooks these days offer a welcome bonus due to the competitiveness of the market they operate in. Make sure to carefully examine the terms and conditions to ensure that the bonus you receive truly aligns with the prominent headline.
  • Enhanced Odds – Keep an eye out for enhanced odds offers when there’s a significant event approaching. These promotions are related to the game’s outcome, but occasionally, they extend to other popular markets. Enhanced odds are typically offered to both existing and new customers, but it’s important to note that stake limits may be applicable.
  • VIP Club – Sportsbooks encourage loyalty among regular bettors by inviting them to join a VIP club. Customers targeted in this manner are urged to feel special and valued. VIP status leads to perks like free bets, special offers, or enhanced prices that may not be accessible to less established customers.

Most Popular Basketball Leagues to Bet On

There are two standout options: the NBA and college basketball. But not only those popular North American leagues are worthy of wagering, there are global opportunities in international basketball leagues.

National Basketball Association (NBA)

The NBA is the premier men’s basketball league worldwide and holds the distinction of being the most popular basketball betting option. It comprises 30 teams, with 29 located in the United States and one, the Toronto Raptors, based in Canada.

Some facts about the NBA:

  1. Established in 1946, the NBA’s headquarters are in Manhattan, NY.
  2. NBA’s regular season runs from October to April.
  3. Featuring each team in 82 games.
  4. Operating with two conferences (each 5 teams).
  5. The league’s top eight teams in each conference progress to the playoffs, culminating in the best-of-seven NBA Finals.

The NBA maintains its status as a dynamic and captivating force in the basketball world, attracting global attention and fervent betting activity.

Current NBA bet teams:

1. Eastern

Atlantic DivisionCentral DivisionSoutheast Division
Boston CelticsChicago BullsAtlanta Hawks
Brooklyn NetsCleveland CavaliersCharlotte Hornets
New York KnicksDetroit PistonsMiami Heat

2. Western

Northwest DivisionPacific DivisionSouthwest Division
Denver NuggetsGolden State WarriorsDallas Mavericks
Minnesota TimberwolvesLos Angeles ClippersHouston Rockets
Oklahoma City ThunderLos Angeles LakersNew Orleans Pelicans

College Basketball

College basketball, or NCAA basketball, is a captivating competition involving colleges and universities in the United States. It serves as a crucial platform where emerging basketball talents display their skills, often becoming the focus of engaging in real money basketball betting activities globally. The league is organized into different divisions based on school size and conferences determined by location and affiliation. Notably, Division I men’s basketball is the standout tier in college basketball.

Key facts about college basketball:

  1. The season-long champion is determined through a single-elimination tournament known as NCAA March Madness.
  2. The tournament typically starts with 68 teams, although this number has varied in recent years.
  3. College basketball comprises a total of 350 Division I teams, contributing to the vibrant and competitive landscape of the sport.

NBA VS College Basketball

FeatureNBACollege Basketball
Quarter/Half LengthFour 12-minute quartersTwo 20-minute halves
ProfessionalismProfessional sports leagueTechnically an amateur competition
Player CompensationPaidUnpaid; has scholarships
Shot Clock Duration24 seconds30 seconds
Player Career DurationUnlimitedLimited to a maximum of five years

International Basketball Leagues

Basketball betting expands globally beyond the US and North America, with a notable surge in popularity for international basketball leagues. This rise is accentuated by NBA players seeking overseas opportunities to refine their skills with hopes of rejoining the NBA. Europe, particularly in countries like Italy, Spain, and Germany, stands out as a focal point for prominent international basketball leagues, examples are:

  1. EuroLeague
  2. Liga ACB
  3. Turkish Basketball Super League
  4. Chinese Basketball Association
  5. Lega Basket Serie A (Italy)

How to Bet on Basketball Games Online

When deciding to bet real money on basketball, you have two primary options: betting at a land-based sportsbook or engaging in online basketball betting. Below are step-by-step instructions for each option.

Land-Based Sportsbooks

  1. Locate the Nearest Sportsbook: identify the nearest land-based sportsbook.
  2. Inspection: conduct comprehensive research at home since computer access won’t be available there. Use your phone for reference, keeping prospective limitations in mind.
  3. Drive to the Sportsbook: Once analysis is done, drive to the selected land-based sportsbook.
  4. Check Betting Odds: Examine the displayed odds, and for more specific bets, consult an agent for updated basketball betting odds.
  5. Evaluate Bets Based on Odds: Reassess and decide on bets considering the observed basketball odds.
  6. Join the Betting Line: Queue up and wait for an available betting agent’s assistance.
  7. Reconfirm Odds: double-check the odds, as changes may occur due to the line’s duration or bets placed by others.
  8. Make Informed Betting Decisions: Once satisfied with your decisions, proceed to make basketball bets. Before leaving, verify tickets for accuracy, considering the potential for mistakes in busy sportsbook environments.

Online basketball betting

  1. Create an Online Sports Betting Account: to start betting on basketball online, begin by creating an online sports betting account. This is a one-time requirement for your first bet and usually takes about 10 minutes.
  2. Basketball Betting Odds: leverage the benefits of online betting by exploring various sportsbooks for the best basketball odds. Compare lines and odds from multiple sources to secure the most favourable terms.
  3. Place Your Bets: After finalizing decisions, there’s no need to stand in line or worry about changing odds. Simply navigate online, select bets, specify the desired amounts, and submit them seamlessly.

Ranking the Best FIBA World Cup Betting Sites

To verify the legitimacy and reliability of top-rated FIBA World Cup betting sites, we assess essential factors including online gambling licenses, strong security protocols, a reputable history, comprehensive coverage, competitive odds, mobile compatibility, numerous banking methods, attractive bonuses and promotions, and the speed of payouts.

FIBA Basketball World Cup Betting Options:

Recommended betting sites offer a broad spectrum of betting markets, presenting numerous opportunities for futures, outrights, and diverse game options within the competition. In addition to the classic money line, spread, and totals choices, sites provide additional wagering options, creating diverse avenues for possible profit.

FIBA Basketball World Cup Betting Odds:

The odds provided by recommended platforms exceed industry averages. Operating with smaller margins, these consistently deliver more favorable prices, directly impacting the profitability of each successful wager.

Live Betting on the FIBA Basketball World Cup:

Participating in live betting is a strategic advantage offered by our preferred online bookmakers. The capability to place in-play wagers during FIBA World Cup games empowers experienced players to leverage their basketball knowledge effectively. This involves combining statistical analysis with on-the-spot assessments for well-informed betting decisions. Selecting the best FIBA World Cup betting sites from our rankings not only ensures a secure betting experience but also grants access to diverse betting options, favorable odds, and the strategic advantage of live betting opportunities.

Top 10 Basketball Betting Tips

Whether you’re a novice or an experienced bettor, navigating the dynamic world of basketball betting requires thoughtfulness. Top basketball betting tips offered foundational principles for beginners and advanced strategies for seasoned enthusiasts.

  1. For beginners: Start your NBA betting journey cautiously, recognizing the learning curve. Avoid common mistakes by grasping the basics of online betting.
  2. Trusted NBA Betting Sites: Opt for sportsbooks with proper licenses and solid reputations. Consider recommended NBA bookmakers for a secure and reliable betting experience.
  3. Bonus Hunting: Utilize welcome offers and promotions.
  4. Best Odds and Lines: Use multiple NBA betting sites to discover the most favourable odds. Line shopping is crucial for long-term success in maximizing returns.
  5. Check Betting Slips for Accuracy: Immediately review betting slips for accurate bets and amounts. Avoid costly mistakes by ensuring accuracy after placing wagers.
  6. Importance of Defense: Balance offensive and defensive considerations when making betting picks. Assess how different teams and players match up defensively for informed decisions.
  7. Monitor Injury Reports: Stay informed about player injuries and game-changing absences. Keep track of injury reports and rumours to make well-informed betting choices.
  8. Understanding Betting Odds: Recognize that not all basketball bets offer the same payout. Emphasize value by making wagers with favourable payout odds.
  9. Game Implications: Consider the significance of the game for teams with playoff aspirations. Be cautious with teams that have nothing to play for, as effort levels may vary.
  10. Team Motivation: Understand the motivation of teams in crucial games. Be aware that some teams may underperform or prioritize player protection in less meaningful matchups.

Conclusion

Basketball is an excellent option for Canadian players, offering various engaging ways to earn real money. Experts provide essential insights not only for newbies who want to enter the new world of championship betting but also for experienced bettors who will find a lot of useful information. Utilize our tips, read our review, and start your betting journey today!

FAQ

How do you make money betting on basketball?
Successful basketball betting requires thorough research, an understanding of odds, and strategic wagers. Consistency and disciplined bankroll management are crucial for sustained profitability.
What is a money line bet in basketball?
A basketball money line bet is a simple wager on the team you predict will outright win the game without involving point spreads.
How can I bet on basketball games?
You can indeed bet on basketball online for real money. Choose a trusted online sportsbook, create an account, deposit funds, and commence placing your bets.
Can I bet on basketball online for real money?
Yes, choose a trusted online sportsbook, create an account, deposit funds, and commence placing your bets.
Should I join multiple online basketball betting sites?
Joining multiple online basketball betting sites provides benefits such as improved odds and diverse promotions.