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What You Must Know Before You Bet on NBA With Bitcoin

Basketball action is back as the NBA has recently resumed its 2019-2020 season. But before start in Bitcoin NBA betting, here are the key things you should know.

Even the coronavirus pandemic could not stop the ball action on the hardcourt as the NBA resumed its 2019-2020 season, following the suspension of its games for four months. Working with an extensive list of protocols amid the bubble quarantine setting at Walt Disney World in Orlando, Florida, the NBA got the ball rolling for its 22 teams to complete all 88 games that will determine the brackets for the upcoming NBA playoffs. And with the resumption of NBA games comes the return of NBA betting as one of the main Bitcoin sports betting activities.

If you are new to Bitcoin NBA betting or simply want a quick refresher to get you back in the groove of betting on basketball, then here are the important things you should know before you bet BTC in NBA betting matches:

NBA betting requires knowledge and luck.

Just like when you play Bitcoin casino games like blackjack and poker, betting on NBA requires you to have a better understanding of basketball rules. You need to be familiar with gameplays, which will help you make your own evaluations of which team performs better.

Taking note of the experts’ and analysts’ opinions regarding certain teams will also help in determining which teams have higher chances of winning matches, advancing to the playoffs, and even becoming the champion. But of course, it is not all about numbers when it comes to Bitcoin NBA betting. Remember that athletes can also have a bad day, with the underdogs pulling off an upset. The point is: sports betting also has a luck factor.

Understanding how odds work is key.

Knowing how to read betting odds is one of the basic requirements. After all, you need to know about the odds to know how much you are willing to wager on a match. The most common odds formats are decimal and fractional.

NBA Betting Decimal Odds

You might have noticed that Decimal Odds are the more commonly used odds format in online sportsbooks. The main reason for this is that decimal odds is the easiest format to understand. There is no need to use a formula to find out about the actual odds when presented in this format. The team with the lower odd is the favored one, whereas the one with the higher odd is the underdog. You have to use this simple formula to determine your winnings:

(odds x stake) – stake = winnings

A favored NBA team with 1.5 odd to win will give you a chance to win 0.005 BTC on a 0.01 BTC bet. But if you place the same 0.01 BTC bet on the underdog team with 2.5 odds, you can win 0.015 BTC.

NBA Betting Fractional Odds

Fractional odds, on the other hand, is more common in horse racing, and is widely popular among UK sportsbooks. Unlike the Decimal Odds, NBA betting Fractional Odds require you to do a quick computation first for you to get the odds. In short, there is an extra step to take just to find out what the odds are. Fractional odds are presented as a fraction, and can be represented as A/B. This, then, gives us the formula:

B / (A+B) = Probability (%)

If an NBA team has a 5/1 odds to win, then it has a 16.67% chance of beating the opposing team. At the same time, you have the chance to win, for example, 5 BTC for every 1 BTC you bet.

Choosing the right Bitcoin sportsbook is the secret.

Having the knowledge of basketball rules and knowing the strongest NBA teams by heart will be nothing if you are to bet on NBA with Bitcoin at a subpar sportsbook. Yes. Picking the best Bitcoin sports betting sites is just as important.


Stake NBA Betting

Why bet at Stake? Other than getting to enjoy Stake NBA betting with Bitcoin, you can also use other cryptocurrencies as Stake also accepts ETH, LTC, DOGE, BCH, XRP, TRX, and EOS.

Stake OG

Use any of these cryptocurrencies and you can conveniently place bets on NBA, especially on the NBA Finals 2020 odds. It is your choice if you want to make pre-match bets or if you want experience the ball action in live by opting for in-play betting. You can also place outright bets to further increase your chances of scoring more wins. Stake NBA betting is available on computers and mobile devices. Even better, it pairs Bitcoin NBA betting with its very own Stake promo. Check it out and the full list of Stake sports promotions.


Sportsbet NBA Betting

It is not surprising that Sportsbet is among the top Bitcoin sportsbooks to choose if you want to bet on NBA.

Sportsbet New OG

Not only does it feature competitive odds for football, esports, and a variety of other sports, its Sportsbet NBA betting section also delivers. Use fiat money like EUR, USD, and a lot more, but you can also use any of the five cryptocurrencies it supports (BTC, ETH, LTC, TRX, SOC). Expect to make futures bets, outrights bets, in-play bets, and of course pre-match bets on NBA at Sportsbet. Take note, however, that Sportsbet.io exits Germany in compliance with the rules provided by German authorities with regard to the country’s new gambling regulation framework. Ready for Sportsbet NBA betting? Place your bets on the NBA Conference Finals Game 4 odds now.


Nitrogen Sports NBA Betting

For a wide range of betting options, check out the Nitrogen Sports NBA betting section.

Nitrogen Sports OG

Use your BTC to wager on your favored NBA teams, whether during the actual match or hours before it. Keep in minds that NBA – Futures is also on board Nitrogen Sports, and that you can browse through the outright bets available. Want to bet on Player Assists, Points, Rebounds, and more? Nitrogen Sports NBA betting has got them.

*  *  *  *

You are now ready to go back to Bitcoin NBA betting! Enjoy the NBA and bet responsibly on basketball and other sports with Bitcoin. Also, with Miami Heat already secured for a spot in the Eastern Conference finals, analysts and odds expect exactly which team the Heat will go against with as Boston Celtics will win series with 4-2 against Toronto Raptors.

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