Wager Mage
Photo: Julia Volk
How often does the underdog win in the NBA? The underdogs have a 32.55% win rate over the past five seasons of the NBA regular season which means on average they win roughly once in every three games.
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Read More »The NBA sportsbooks will price up each game and on the moneyline, you get two options, you are either having a wager on the hosts to win or the team on the road to win. For betting purposes, because there are only two options, should the game finish in a tie and go to overtime then that is included in the wager, the team who wins the game outright including any overtime played. Each team will be given odds, the sportsbooks favorites will be given the negative value (-125 for example) whilst the underdogs are given the positive value (+125 for example). The favorites odds are how much you must wager to win $100, meaning odds of -125 would require a stake of $125 for you to make a $100 profit on your wager, a $125 wager would return $225, a $100 profit. The underdog odds are how much profit you would make from a $100 wager, for our example of +125, if you staked $100 and they won then you would get $100 + $125 = $225 back for a $100 profit. An easier way of understanding odds would be to convert the American Odds to Decimal Odds which are what is used on the NBA Picks page and can be done by the following calculations:
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Read More »Using a Local Bookie Is Extremely Illegal This is how all regulated land-based sportsbooks provide legal sports betting. With local bookies, since they are operating without a license, there are no taxes being taken from the transaction. This makes it illegal in another sense as tax evasion is a federal crime.
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