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Ultimate Basketball Betting Guide

Welcome to your go-to resource for all things related to basketball betting on BetIndia! If you're passionate about basketball and eager to place bets on your favourite teams and players, you've landed in the right place.

In this comprehensive guide, you can learn all the basics related to basketball betting.

So whether it is the best basketball betting online sites you are looking forward to or strategies you need to follow while doing basketball betting, you will get everything in this comprehensive guide.

Picking a Basketball Betting Site

Before diving into the world of basketball betting, it's crucial to understand what a bookmaker is and how it functions. A bookmaker, commonly known as a betting site, is a platform that facilitates the betting process.

Their role involves setting odds for various events, accepting bets, and paying out winnings. When venturing into basketball betting, selecting the right bookmaker is a key decision.

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Here's a guide on what to consider, especially if you're just starting:

  • Look for bookmakers such as Stake or Parimatch which have user-friendly interfaces. Being neat and tidy makes the betting process more enjoyable and less intimidating for beginners.
  • Ensure the bookmaker supports your preferred deposit and withdrawal options, whether it's UPI, credit/debit cards, e-wallets, or bank transfers.
  • All top bookmakers such as Dafabet India offer welcome bonuses. These can include free bets, cashback, or other betting offers.
  • Opt for well-established bookmakers with positive reputations. Always choose a bookmaker who is legal in India and has an authorised license
  • Check if the bookmaker has a mobile app or a responsive mobile website. This ensures that you can easily place bets and manage your account on the go.

For a comprehensive overview of various bookmakers, including detailed information about their features and offerings, visit our dedicated Betting Sites page.

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Creating Your Betting Account

To get started, you'll need to create an account on your chosen betting site.

Below is a detailed step-by-step guide to help you navigate the account creation process smoothly.

  1. Choose a Betting Site: Visit the betting site of your choice, such as 22Bet, ensuring it is a reputable platform.
  2. Locate the “Sign-Up” or “Join” Button: Look for a prominent “Sign-Up” or “Join” button on the homepage. Typically, it's displayed in the top-right corner.
  3. Fill in Personal Information: You will be directed to a registration form. Fill in the required personal information accurately. This usually includes Full Name, Date of Birth, Email Address, and Phone Number.
  4. Create a Username and Password: Choose a unique username that hasn't been used by others. It's your public identifier on the platform. Create a strong and secure password.
  5. Confirm Terms and Conditions: Carefully read and understand the terms and conditions of the betting site. Check the box to confirm your agreement.
  6. Account Verification: All legal betting sites require you to verify your identity. This often involves providing copies of identification documents, such as a driver's license or passport.

Making Your First Deposit

After successfully setting up an account on your preferred online betting website, the next step is to fund it before engaging in basketball or other sports betting activities.

These betting platforms simplify the process of depositing funds by offering various options, such as UPI, E-wallets, and bank transfers in multiple currencies, including INR.

While the specific steps may vary among different sites, the fundamental principles generally remain the same. Here's a breakdown of the essential steps to deposit funds into your betting account:

How to deposit at a bookmaker - infographic

  1. Log In to Your Account: Ensure that you have created and logged in to your betting account on the chosen platform.
  2. Access the Deposit Section: Once logged in, navigate to the deposit section, typically located in the top menu on the homepage of the betting site.
  3. Choose Your Payment Method: Select a payment method to fund your account. Commonly used and trusted options include UPI, E-Wallets, Crypto, Bank Transfers, and more.
  4. Enter Deposit Amount: Specify the amount you want to deposit. Be aware of any minimum deposit requirements set by the bookmaker, as meeting this criterion is crucial to completing the transaction.
  5. Confirm Payment: Review the deposit details, including payment method and currency. Confirm that all information is accurate before proceeding with the payment.
  6. Authorize the Transaction: Complete this step by entering your UPI ID, card details, or CVV number, depending on the chosen payment method.
  7. Transaction Confirmation: Upon successful authorization, you will receive a confirmation message. The time it takes for the funds to reflect in your betting account depends on the selected payment method.

Important Note: Each betting site has a minimum deposit requirement, representing the smallest amount allowable for depositing into your account.

While this minimum varies between platforms, it typically falls within the range of INR 100 to INR 500. If you're interested in platforms allowing smaller deposits, refer to our page on low-deposit betting sites for recommendations.

You can read more details about funding your account in our guide on depositing money on a betting site.

Claim Your Welcome Bonus

A welcome bonus is an incentive offered by betting sites to attract new users. It's a way for platforms like Stake or Parimatch to enhance your initial betting experience.

The welcome bonus typically comes in the form of additional funds, free bets, or other perks that you can claim upon making your first deposit.

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Terminology: What Does xx% up to INR xxxx Mean?

Percentage (%): This represents the bonus offer match rate. For example, a 100% welcome bonus means the platform will match your deposit amount in bonus funds.

Up to INR xxxx: This specifies the maximum bonus amount you can receive. For instance, a 100% up to INR 5,000 bonus means the maximum bonus you can get is INR 5,000.

Welcome bonus always comes up with some terms and conditions which are listed on the platforms. It is essential to take care of those while claiming your bonus.

Here are some points which you should keep in mind while collecting your bonus:

  • Minimum Deposit: This is the minimum amount you must deposit to qualify for the welcome bonus. For example, a welcome bonus might require a minimum deposit of INR 500.
  • Wagering Requirements: Wagering requirements indicate the number of times you must bet the bonus amount before you can withdraw any winnings. For instance, if you receive a bonus of INR 1,000 with a 10x wagering requirement, you need to place bets totalling INR 10,000.
  • Validity: The validity period specifies the timeframe within which you must meet the wagering requirements. For example, a 7-day validity period means you must fulfill the requirements within a week.
  • Minimum Odds: Some bonuses require you to place bets on selections with minimum odds.

Find the Bet you Want to Place

Now, let's explore the most important aspect of your basketball betting experience: discovering the specific bet you wish to place on your favourite team.

Leading bookmakers typically feature a dedicated basketball section, making it convenient for you to locate the desired team or matches for your betting preferences.

Find the Sport of Your Choice

To place a bet on your favourite basketball team, start by navigating to the sportsbook section of your chosen betting platform.

Once there, locate and select the basketball category, which will present you with a diverse range of basketball events, leagues, and tournaments.

Within the basketball section, browse through the list of events and find the one that features your favourite team.

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Find Your Match

Click on the basketball event containing the match you want to bet on. This will lead you to a page displaying all the scheduled basketball matches.

Scroll through the list of matches within the chosen event until you find the one featuring your favourite basketball team. Click on the match to explore available betting options.

Choose the Right Betting Market

Look for the “Moneyline” or “Win-Draw-Win” market within the chosen basketball match. This market allows you to bet on the outright winner of the game.

Suppose your favourite basketball team is Team A. Check the odds next to “Team A to Win.” For instance, if the odds are 2.00, it means that for every ₹100 you bet, you stand to win ₹200 if Team A secures the victory.

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Explore Other Betting Markets

While focusing on your favorite team to win, there are several other exciting betting markets in basketball:

  • Point Spread: Betting on whether a team will win or lose by a certain margin.
  • Total Points (Over/Under): Betting on whether the total points scored in the game will be over or under a specified number.
  • Player Props: Betting on individual player performances, such as points scored or rebounds.

Understanding Odds in Basketball Betting

In the world of sports betting, odds represent the probability of a particular outcome occurring. They serve as a numerical expression of the potential return on investment for a given bet.

Odds in basketball betting can be presented in different formats, such as fractional, decimal, or moneyline odds.

Decimal Odds: Decimal odds are commonly used, providing a straightforward representation of the total payout, including the initial stake.

For example, if a team has decimal odds of 2.50, a ₹100 bet would result in a total payout of ₹250, encompassing the original ₹100 stake.

Fractional odds: Fractional odds, another format, express the potential profit relative to the stake. For instance, fractional odds of 5/2 imply a potential profit of ₹5 for every ₹2 wagered. This format is prevalent in some regions but is less popular than decimal.

Moneyline odds: Moneyline odds, particularly popular in basketball betting, use positive and negative values. Positive odds (e.g., +150) indicate potential profit on a ₹100 bet, while negative odds (e.g., -200) signify the amount needed to be wagered to earn ₹100 in profit. For instance, a +150 bet yields ₹150 profit on a ₹100 wager, while a -200 bet requires a ₹200 stake for a ₹100 profit if successful.

Placing Your First Basketball Bet

Now that you've learned how odds work, the next step is to bet on a game or an outcome. If you understand the risks and the odds, placing a bet is a straightforward process.

Let's have a look:

  1. Head to the Sportsbook: Find and click on the ‘Sportsbook' section within the betting platform. Here, you'll discover a comprehensive list of upcoming sports events along with their respective odds.
  2. Make Your Selection: Explore the available sports events and odds. Once you identify the event and odds you wish to wager on, select the odds associated with your predicted outcome. For example, if you're placing a bet on a basketball match, click on the odds corresponding to the team you believe will emerge victorious.
  3. Manage Your Bet Slip: Access your bet slip, which is the area dedicated to handling your wagers. After clicking the odds, a pop-up, commonly referred to as the ‘Bet Slip,' will appear. Within this slip, input the amount of money you intend to bet.
  4. Verify Your Wager: Before finalizing your bet, carefully review the details presented in the bet slip. Double-check the event, odds, and the specified bet amount to ensure accuracy.
  5. Confirm Your Bet: Upon placing your bet, a confirmation message will be displayed on your screen. This message will outline the specifics of your bet, including the odds, stake, and potential payout.

It is crucial to closely examine your bet slip before confirming your wager. The bet slip, found on the online betting platform, serves as a valuable tool for you to validate and confirm your chosen selections.

In addition to displaying your selections, odds, and bet amount, the bet slip provides information about potential winnings and the current payout. It also offers details on whether a bet can be cashed out.

For more information on cashing out, refer to our comprehensive cash-out guide.

Checking the Outcome and Collecting Winnings

Once you've successfully placed your bet, the next step is to check the outcome and collect your potential winnings. It's an exciting moment as you eagerly await the results.

Here's how to determine the success of your bet and effortlessly collect your winnings:

  • The outcome of the Bet: The outcome of your bet will be known once the basketball event concludes. You don't need to take any further action during the game or match. Simply await the conclusion of the event to determine whether your bet is successful.
  • Verification of Bet Status: To check the status of your bet and ascertain whether it was successful or not, you can conveniently access this information in your user account or betting history. Navigate to the respective section on the betting site, where you'll find details regarding your placed bets and their outcomes.
  • Collection of Winnings: Upon a successful bet, your winnings are typically credited to your account immediately after the event's conclusion. The betting platform automatically updates your account balance, reflecting the winnings from your successful bet.
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Withdraw Your Winnings

Congratulations on a successful bet! If you find yourself with more funds in your account than your initial deposit, it's time to withdraw your winnings.

Here's a step-by-step guide on how to withdraw money from a betting site:

  1. Login to Your Account: Start by logging in to your betting account using your credentials.
  2. Navigate to the Withdrawal Section: Look for the ‘Withdrawal' or ‘Cash Out' section on the betting site.
  3. Select Withdrawal Method: Choose your preferred withdrawal method. Betting sites usually offer various options, including UPI (Unified Payments Interface), bank transfers, e-wallets, and other payment methods.
  4. Enter Withdrawal Amount: Specify the amount you wish to withdraw. Take note of any minimum withdrawal requirements set by the betting site.
  5. Review and Confirm: Before finalizing the withdrawal, review all the provided details, including the withdrawal amount and chosen method. Ensure everything is accurate.
  6. Wait for Processing: After confirming your withdrawal, the betting site will initiate the processing. The time it takes for the funds to reach your account varies depending on the withdrawal method chosen.

If you need more help cashing out your winnings, make sure to read our detailed withdrawals guide.

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Author Details

Otto Nino Gamez

Otto Nino Gamez

Football betting expert

My name is Otto Nino Gamez and I am from Montevideo, Uruguay. I am very passionate about football and know the ins and outs of all the major teams in Europe, South America and Asia. Football is my passion and if anything happens in the world of football, I am among the first to know it. I have been placing bets on football leagues in Europe and South America and am constantly exchanging tips with my friends. For anything related to football, you can contact me!

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