Best Basketball Betting Sites 2023 – US Sportsbooks

Whether it’s the Lakers versus the Warriors on Christmas Day, Duke against UNC in the last week of March, or game seven at the TD Garden, this sport has the power to produce whirlings of confetti in the minds of every fan.

Combine the thrilling action of the game we all love with enticing betting odds and unique betting options from some of the best basketball betting sites, and you get millions of fans riding the crest of the never-ending basketball wave.

While people still argue if the level of basketball today is up to the standards of the level of basketball from the 80s and the 90s, the incredible rise of the betting industry is something that no one can dispute.

The number of top-notch online sportsbooks is constantly increasing, and bettors from all over the country are getting new lucrative opportunities to reap the fruits of the plethora of basketball bonuses and various betting types and promos.

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Best Basketball Betting Sites

If you are an American sports betting fan, then you were probably really excited in May 2018. Monday, May 14, was the date that marked the end of the Professional and Amateur Sports Protection Act of 1992 and the dawn of the legal sports betting era.

Today, sports betting is legal in over 37 states, and the amount of fully licensed sportsbooks that allow bettors to place wagers on basketball is getting higher and higher. The competition among sportsbooks is at an exceptionally high level which is one of the key factors behind the astonishing rise of the industry.

Placing a basketball wager has never been easier, and online sportsbooks are continuously improving and becoming more accessible to an increasing number of bettors. Whether you want to place simple moneyline college basketball bets or a prop bet on some of the NBA’s fiercest clashes, the selection of legal sportsbooks that can meet your demands is enormous.

Here are the best 15 legal sports betting sites where people can legally bet on basketball.

• DraftKings – Best overall basketball betting site
• bet365 – Excellent choice for live streaming and live betting.
• BetMGM – Offers some of the most competitive odds for NCAA basketball betting.
• FanDuel – Has one of the most generous welcome offers in the industry.
• Caesars – Known as the betting site with one of the most reliable betting apps.
• PointsBet – Great for basketball odds boosts and same-game basketball parlays.
• BetRivers Sportsbook – Offers a sophisticated rewards program and great odds for college sports betting.
• Betway – Massive selection of betting markets for NCAA basketball betting.
• Unibet – Great place for newcomers due to the generous welcome bonus and other promos with basketball bonuses.
• Borgata – Has extensive offer of alternative betting lines and props for basketball games integrated into a user-friendly app available on all modern devices.
• Tipico – Easy-to-use basketball betting site with an extensive FAQ section and impeccable customer service.

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Sportsbooks for Basketball Betting in September 2023

Although the revolution in the sports betting industry in the country has resulted in the appearance of a tremendous number of online betting sites that can meet the demands of even the pickiest bettors, some US betting sites are still levels ahead of their competitors.

Here are the best US betting sites that offer basketball betting.

🥇#1. Caesars Sportsbook – best for basketball betting

It is no wonder why Caesars Sportsbook is the go-to place for basketball betting for millions of US bettors, considering the fact it has plenty of different basketball markets, incredibly enticing odds, a generous welcome offer with a second chance bet, and an excellent rewards program packed into one of the most reliable NBA betting apps in the gambling industry.

By offering impeccable betting experience to bettors in over 20 states all over the country, Caesars Sportsbook remains gravitating around the very top of the online gambling industry. And although it usually comes to the personal preferences of the bettors, Caesars Sportsbook is successfully managing to remain a top choice for basketball enthusiasts.

At first glance, Caesars sportsbook doesn’t seem to have a specific area in which it entirely dominates other basketball betting sites. However, if reviewed carefully, one can notice that Caesars is the perfect combination of all the elements significant to most basketball-loving bettors.

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🥈#2 bet365 Sportsbook – top basketball sportsbook for live betting

According to many betting veterans from all over the globe, bet365 is the best online sports betting company. The main reason behind this relatively popular opinion in the betting community is bet365’s live In-Play wagering. Although not available to most US bettors, bet365 still offers a large number of sports fans an incredible betting experience through its comprehensive In-Play service implemented in one of the most advanced sports betting apps.

Through bet365, basketball fans can live stream every game from the top basketball competitions directly to their desktop and mobile devices. The highly-advanced live-betting platform provides users with countless betting opportunities due to the massive number of available betting markets.

So if you are a basketball fan looking for a sophisticated betting app to place live bets on NBA, college sports, and Euroleague games without missing a moment of the action, head to bet365 and start your betting journey today.

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🥉#3 PointsBet Sportsbook – features Basketball Same Game Parlay

Online basketball betting sites are constantly competing among themselves to attract more customers. The best basketball betting sites usually come up with new welcome offers, odds boosts, reward programs, and various promos to do so. However, one of the latest methods to attract new customers has been the new highly-lucrative bet type known to bettors as a same-game parlay.

A same-game parlay is a wager that combines numerous outcomes of the same sports game within a single bet. Same-game parlays are extremely popular among basketball bettors, although they are not available on all of the well-known basketball betting sites.

Luckily for bettors interested in placing wagers on basketball, PointsBet Sportsbook not only has basketball same-game parlays but is also the best place for them.

At PointsBet sportsbook, bettors can combine a tremendous number of basketball betting markets on their same-game parlays and get exclusive odds boosts that can significantly increase their profits.

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#4 DraftKings Sportsbook – best basketball futures odds

Bettors who want to move on from traditional moneyline betting and want to make the most of the opportunities like the one mentioned above should look for the best basketball betting sites with the highest odds for futures. Luckily for them, if they are already familiar with betting, the chances are they are already familiar with DraftKings too.

By placing a wager on basketball futures, players are betting on the outcomes of various events, series, or awards that will conclude in the future. DraftKings has some of the best odds for futures so if you want to test your basketball knowledge and place a long-term wager, DraftKings should be on your list of go-to basketball betting sites.

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#5 BetMGM Sportsbook – top for College basketball betting

Unfortunately, the current atmosphere in the basketball arenas around the country is not on the level of the 90s, and most of the fanbases are missing the much-needed passion. Combine that with the long NBA season and the numerous teams tanking, and you get a boring basketball experience.

Luckily for basketball fans, the NCAA Division I basketball season seldom disappoints. Combine the liveliness and vigor of college basketball with a well-known NCAA basketball betting platform where you can place a wager on your alma mater, and you will get a tremendous basketball experience.

To college basketball fans across the country, BetMGM is known as a premier college basketball betting site where people can find the widest variety of available betting markets for most college basketball games. On top of that, BetMGM offers its users great promos for betting on NCAA basketball games and has far more competitive odds than its competitors.

BetMGM’s involvement with college basketball goes even beyond the sportsbook. The company is known for supporting college basketball shows such as the popular show Big Bets on Campus.

Learn more:

• States where you can bet with BetMGM
• BetMGM Sportsbook promo code details
• How to bet on BetMGM Sportsbook
• Signing up a BetMGM Sportsbook Account
• BetMGM Rewards Program for Loyal Basketball Bettors

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#6 FanDuel Sportsbook – excellent basketball welcome bonus

Making a great online sportsbook is like making the perfect meal. It has to have all the necessary ingredients mixed flawlessly together. And while opinions on meals can be tricky subjects that can bring many disagreements, online sportsbooks will always have one thing clear. Welcome offers are and will always be the key ingredients.

FanDuel has an online sportsbook that has been sitting around the sports betting throne for quite some time now. One of the main reasons behind the success of FanDuel has been the generous welcome offer that not many other sports betting sites can compete with.

With the No Sweat First Bet at FanDuel sportsbook, each new user will get up to $1,000 back in bonus bets if they lose their first bet. To become eligible, each player only needs to sign up for FanDuel Sportsbook and place their first cash wager. If their basketball team loses and their bet settles as a loss, they will get up to $1,000 back in bonus bets that they can later use for NBA and NCAA betting.

Learn more:

• States where you can bet with FanDuel
• FanDuel Sportsbook deposit methods
• How to bet on FanDuel Sportsbook
• Signing up a FanDuel Sportsbook Account
• FanDuel Rewards Program for Returning Basketball Bettors

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Must-Consider Factors for Basketball Sportsbook Sites

While the selection of great basketball betting sites has never been better, there are still many factors you should consider before choosing between online betting sites.

Legal States

To be able to create an account at your sportsbook of choice, you first must ensure that the online sportsbook in question is available in the state where you reside. Not every basketball betting site is available in every state, so always check the availability before making your decision.

Basketball Coverage

The NBA is not the only league that offers high-level basketball. Basketball is extremely popular all over the world, and there are many other leagues that provide high-quality matchups worthy of your bet.

WNBA, NCAA Basketball, Euroleague, EuroCup, Liga Endesa, Turkish Basketball Super League, the Greek A1 League, and the French LNB Pro A are just a few of the other competitions that provide fans with high-quality basketball. These leagues can be full of great betting opportunities, so make sure to choose a basketball betting site that lists them as available and offers various betting markets for them.

Basketball Odds Boosts

Every betting site comes up with various promotions to draw more customers. Odds Boosts are one of those promotions that basketball bettors seem to love. With these promotions, the best basketball betting sites provide higher odds for particular betting markets to stimulate their users to place more bets.

Odds Boosts can be an exciting way for players to move away from the traditional moneyline bets and win more by making the most of the enticing betting odds of these promos as most online sports betting sites, such as FanDuel Sportsbook, offer odds boosts on Player Prop bets.

Betting Opportunities

The betting market availability is one of the crucial factors when choosing a sportsbook. Top sportsbook operators usually offer hundreds of betting markets that are available daily, which provide endless betting opportunities. Moreover, they cover a wide variety of leagues and tournaments, as well as various betting types.

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How to bet on Basketball Online

We live in an era where we can experience the thrill of gambling directly from the comfort of our sofas in our living rooms. Thanks to the evolution of technology and the rise of the online betting industry, placing a bet has never been easier. All it takes is a few simple steps that can get done in less than a few minutes.

Register with the Sportsbook Site

The sign-up process at any online sports betting site is straightforward. The first thing you need to do is access the official website of the sportsbook or download the sports betting app. Once you are in, find the Register, Join or Sign Up button, click on it, and follow the instructions.

1. Enter your valid email address.
2. Choose a username and password.
3. Enter your personal details such as your full name, date of birth, current address, and last 4-digits of your Social Security Number.
4. Once you enter all the details correctly, your account will get created, and you will get access to your betting site of choice.

Make a first deposit

To be able to place your first bet and become eligible for any potential promo offers, you need to make your first deposit. The process is super simple. Look for the Cashier or Deposit button, usually located in the top right corner, and click on it. Proceed by choosing your preferred deposit method, and enter the amount you want to deposit into your account.

Different betting sites have various available deposit methods. Make sure to check which payment methods are accepted and how long are their processing times before choosing between online betting sites.

Place your bet

Once your funds get deposited into your account, you can access the betting site and select the sport. Once you click on the sport you want, all the available competitions with upcoming games will pop up. Then, you can select the game you want to place a bet on, choose one of the offered markets listed by the betting site and enter the amount.

Withdraw winnings

Withdrawing your winnings is a straightforward process as long as you are familiar with the available payment methods that you can use for it. To withdraw funds from your account, go to your wallet and locate the Withdraw or Cashout button. Proceed by selecting one of the listed cashout methods, then enter the amount you want to withdraw from your balance.

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Basketball Events You Can Bet Online

When is the best time to start betting on basketball online? Our recommended sportsbook sites cover all the following and more.

NBA Playoffs

The NBA is by far the most popular basketball league in the world, however, the highest level of basketball excitement kicks in in April with the start of the NBA playoffs. The NBA playoffs are the postseason tournament in which the best eight teams from both the Western Conference and Eastern Conference compete in the well-known best-of-seven elimination tournament.

This basketball event not only provides fans with the highest level of quality known in basketball but also provides sports bettors with an extensive selection of various lucrative betting opportunities. The games from the NBA playoffs are available for betting at any licensed online NBA betting site in the country, and the list of betting options seems to be getting longer and longer.

NBA All-Star Game

Every February, NBA fans are presented with a unique chance to watch 24 of basketball’s most outstanding superstars as they go head-to-head in an exhibition game full of some of the deepest 3-pointers caught on camera and some of the most mind-blowing slam dunks.

The NBA All-Star games are available at any licensed online basketball betting site in the country, providing bettors with a wildly entertaining sports betting experience. These games are known as high-scoring affairs, so they are popular among the bettors fond of the Over/Under betting type.

NCAA March Madness

Whether betting or not, every basketball fan will assure you that there aren’t many sporting events around the globe that can match the thrill of March Madness. This basketball event hosts the top 68 college teams from all over the country in a single-elimination tournament that produces some of the most heart-stopping basketball moments.

March Madness starts at the beginning of March, with the Final Four event usually getting scheduled for the first week of April. During the event, almost every online sportsbook comes up with various exciting promo offers and betting odds boosts, which makes the whole competition one of the most exciting college betting experiences.

Euroleague’s Final Four

Euroleague is the most elite basketball competition in the old continent. It features the best 18 European basketball teams. This competition is formatted in a way in which each team plays two regular season games against every other team. The top eight teams progress to the playoffs, and then the four best teams advance to the pinnacle of the competition, the Final Four.

All the games of the Final Four get hosted on the same weekend, which makes the whole event a true basketball betting spectacle full of lucrative betting opportunities. The Final Four usually takes place in the last week of May.

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Basketball Betting Tips & Opportunities

Betting online and strategically betting online isn’t the same thing. Anyone can set a large wager at basketball sportsbooks, but using the tools provided by betting sites can help you win more often than you lose. These are:

Same-game Parlays

Not many basketball betting experiences can compare to the thrill of hitting a four-leg same-game parlay. However, to do so, you must understand all the nuances of this sports betting type and avoid some of the most common mistakes.

One of the most common mistakes inexperienced bettors make when betting on same-game parlays is placing bets that contradict one another. There is no point in backing the Dallas Mavericks if you also plan to bet that Luka Doncic will go under his projected points for the night.

The bettors interested in same-game parlay bets should always try to assemble parlays with complementary bets. This strategy is known as correlated parlay betting. In the case of a correlated parlay bet, you have a parlay with two or more bets that are connected together in a way in which if one of the bets wins, the chances of hitting the other bets will significantly increase.

Live Betting

As with any other betting type, live betting requires a lot of research and understanding of the game since the scoreboard can be very misleading.

The fact that one team is leading by double digits doesn’t mean that things cannot change in a rapid fashion. Live betting can be very complex, and bettors might often find themselves in frustrating situations caused by coaching decisions.

Basketball is a game where the favorites can give more minutes to their benchwarmers if they lead by a large margin. That might allow the opponents to cut down the margin. Teams with a rough schedule ahead may not go full throttle and try to get back in the game if they are trailing by a lot. Bettors who want to be good at live betting should always follow all those situations closely and pay attention to any trends during the game. You don’t have to be a live betting expert to know not to place a live bet on the Over if both teams are struggling from downtown.

Over/Under

Over/Under bets are one of the most popular Basketball betting options which can be found on almost all basketball betting sites. When placing an Over/Under bet, the bettors are gambling on the combined amount of points scored in the game. The basketball betting sites set a projected number, while bettors try to predict if the total amount of points scored in the game will be higher or lower than that number.

Placing Over/Under bets is the go-to sports betting market for many ball fans. However, there is no magical NBA betting strategy that can help bettors win money on Over/Under bets in basketball. For players to put themselves in a position to make profits, they need to read and understand data. Luckily for bettors, they can find all the valuable data they need in the recent results of the two teams from the game they are looking to bet.

Before placing an Over/Under bet, each bettor should see the average points each team has scored in recent away and home games and check the number of points scored in their most recent previous matchups.

Player Props

With the incredible rise in popularity of Daily Fantasy Sports, Basketball Player Props betting became one of the most favored betting options in almost every basketball betting site. By placing a Player Prop bet, bettors are gambling on the possibility of a particular player achieving a predetermined number of specific statistics.

The most common basketball player prop bets are about the number of points a player will score in a game. To put yourself in a position to gain profits from this type of bet, you need to dedicate significant time to research and develop a high-level understanding of the game.

Some of the most common tips involve paying attention to previous head-to-head matchups between particular players, taking advantage of certain matchups, and always being up to date with all the latest news regarding the players you want to bet on.

Point Spread Betting

A basketball point spread is a bet on the margin of the win in a basketball game. By placing a Point Spread bet, bettors are gambling on the difference between the winning and the losing team in a basketball game.

There are many strategies gravitating around Point Spread betting, with the most notable being the one that suggests avoiding blowouts. Although we’ve witnessed numerous blowouts in which the favorites won by high margins, betting your money on -19.5 favorites is not the brightest idea.

The basketball season is long, and the schedule can be quite draining. Thus many NBA teams considered favorites would rather rest their players in the 4th quarter when leading instead of pushing up the tempo and increasing their winning margin even further.

Matchups against teams from the bottom of the table can be an opportunity for top NBA teams to rest their star players, so betting on potential blowouts should not be among your favorite betting strategies.

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Latest Basketball Sportsbook Bonuses

Odds boosts and basketball reload bonuses are not hard to come by. But for new bettors, it makes sense to select a basketball sportsbook based on their welcome bonuses. Here are the top five promo codes for basketball betting sites:

bet365 Basketball Bonus: bet $1 get $200 credits

bet365 has one of the bonuses that will allow you to level up your bankroll without any risk involvement. All you need to do is bet just $1, and you will get $200 in bet credits. This promo is a multi-sports bonus that gives out bonuses that players can use on any NBA and college basketball game available in the sportsbook.

DraftKings Basketball Bonus: $1000 Deposit Match

One cannot make a good list of basketball betting bonuses without mentioning the bonus from DraftKings Sportsbook. Each new customer at DraftKings Sportsbook who bets at least $5 will get a 20% bonus up to $1,000.

The players will receive the bonus funds in the form of site credits. Cheers to another generous multi-sports promo offer that players can use to bet on some of the most exciting basketball events available on DraftKings Sportsbook.

FanDuel Basketball Bonus: $1000 No Sweat First Bet

FanDuel is one of the basketball sportsbooks known for its generous welcome offer and luckily for basketball bettors, the bonus bets received from it can be used for wagering on the plethora of available basketball competitions on the platform.

To become eligible for the bonus, each new player has to deposit at least $10 and place their first wager. If their first wager ends up being a loss, they will receive their stake back in bonus bets up to $1,000.

Caesars Basketball Bonus: $1000 First Bet on Caesars

Caesars is one of the basketball betting sites with one of the most generous sign-up bonuses on the market. Each new Caesars player who places at least $10 on their first bet will be eligible for a refund of up to $1,000 in the form of bet credit.

On top of that, the sportsbook will also give 1,000 reward credits and 1,000 tier credits whether the outcome of the bet is a win or lose. Use the promo code GUSAFULL to be eligible for the promo.

BetMGM Basketball Bonus: $1000 First Bet Insurance

Besides their sign-up bonus, where new customers who use the promo code GAMBLEUSA, can get a refund of up to $1,000 if their first bet loses, BetMGM also has another promo targeting basketball bettors only.

With BetMGM’s parlay insurance promo, players can receive up to $25 back as a bonus bet if their basketball one-game parlay loses by just one leg. For players to qualify for this parlay insurance promo, their parlay must have a minimum of four legs and not more than ten.

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FAQ’s