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Since its inception more than a hundred years ago, basketball has become one of the most popular sports globally. Millions of people play basketball recreationally or in structured tournaments, and some of the most well-known sporting individuals worldwide have played the sport. And since basketball continually gains supporters over time, there is no wonder that basketball is also becoming a top market in sports betting in Malaysia.
Basketball betting markets have thrived in the past decade as more and more people continue to see the potential of placing wagers on basketball teams and tournaments. People can bet on many basketball competitions, including the National Basketball Association (NBA), home to some of the most popular teams and players in the world.
So, if you are a beginner in online betting in Malaysia and are looking to start your journey in basketball betting, here are some things you should know that can help you build a winning strategy,
Common Basketball Betting Types
- Money Line Betting– This is the most straightforward betting type in all sports, including basketball. The bettors must only place wagers on who they think will win a particular game. And to help bettors pick, sportsbooks will assign odds for each team. The team with smaller decimal odds is the favourite, while the team with higher decimal odds is the underdog.
- Over/Under Betting– Also called totals betting, this betting type requires bettors to place stakes on whether they think the total combined score of both teams will go over or under the benchmark set by the bookmakers. This is ideal for those who want to watch a game but do not support either team.
- Outright Bets– Another popular and easy-to-understand basketball betting type is the outright bets. This market appeals to many basketball bettors because it requires them to place wagers on future events, such as the eventual NBA champion, the team with the most wins after the regular season, or the Most Valuable Player (MVP) award winner. And since this is a long-term wager, placing outright bets requires extensive preparation and patience, as it usually takes several months to know the outcome.
- Parlay Bets– Parlay wagers are one of the most complex basketball betting types. This enables bettors to combine multiple bets on several games into one single ticket, leading to significant payouts when won. But despite its enticing nature, parlay bets are considered “high risk, high reward” as one wrong prediction already means the wager is unsuccessful.
Read More: Are Parlay Bets as Risky as They Seem?
Helpful Tips in Basketball Betting
With basketball betting becoming more popular for beginners, taking note of the following tips can help develop a winning lifestyle.
Research and Analysis
Like other sports betting forms, extensive research and analysis on various aspects of basketball is invaluable. This is what usually separates successful basketball bettors from ill-fated ones. Learning about a team’s performance statistics, player injuries, and historical matchups can give bettors an idea of how the team might play against their opponent. In addition, researching opinions from sports analysts can also help when placing wagers.
Bankroll Management
Another critical thing to note in basketball betting is to have a reliable bankroll management strategy. Losing is the norm in gambling and betting, and not having a set system for handling the budget leads to bettors experiencing various financial consequences. Setting a betting budget can help ensure that the money used for betting will not affect other financial responsibilities. In addition, avoiding chasing losses can help prevent falling into addiction and more extensive losses in the long run.
Find the Right Sportsbook
It might not seem a big deal, but finding the right sportsbook and betting platform can make a difference in one’s basketball betting experience. Bookmakers and betting providers are the gateway of countless bettors to various betting markets, and betting through reputable platforms can help punters maximise their opportunities. They can also be assured that they are betting safely without worrying about legal complications.
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Read More: Unveiling the Significance of Line Shopping in Sports Betting
