The Best NBA Betting Sites for Canada

NBA Playoffs 2023

Starting on April 15th and ending with the finals on June 18th, NBA lovers can look forward to the long-awaited Playoffs. Milwaukee Bucks and Boston Celtics are the clear favourites to win the title, which is evident from the odds sportsbooks give them, too.

Here are a few odds comparisons of some of the top Canadian NBA sportsbooks, so you can get a sense of what to expect from betting on the NBA winner:

With the exception of Sports Interaction, which has the lowest odds across the board, the other three sportsbooks each have competitive odds.

However, Betway still has the highest odds for Milwaukee Bucks and Bet99 for Phoenix Suns.

With Sports Interaction having already updated its odds, it’s a good time to make sure you’ve placed a bet on your chosen team before other sportsbooks follow suit!

Top Prop Bets

Already know who you’re betting on to be win NBA 2023 Finals? Place that bet at Bet99 and take advantage of its competitive odds!

SIGN UP

How to Read NBA Odds

Once you get the hang of it, reading NBA odds is super easy! We’re going to use a straightforward example:

In this NBA game, Milwaukee Bucks are playing against Atlanta Hawks.

The Milwaukee Bucks have odds of 1.29, while Atlanta Hawks have odds of 3.75.

On the other hand, betting $100 on the Milwaukee Bucks can get us a win of $29 (1.29 x 100), and a payout of $129.

Easy, right?

There are other betting options that might be a bit more complicated, but we’re going to walk you through them in detail on this page.

Also, take note that the example we used is for decimal odds.

You can easily change the odds format to American or Fractional on your chosen betting site.

We have a handy guide on reading different types of odds if you want to read about this in more detail!

Types of Bets at NBA Betting Sites

When you register at a sportsbook, you’ll find various betting options for NBA games. Let’s look at the most common bets you’ll find at NBA betting sites!

Moneyline Bets on the NBA

Moneyline betting is one of the most straightforward bets, and you essentially bet on which NBA team will win the game.

The odds will reflect who is the underdog and the favourite, and the returns you will get.

Our earlier example for Milwaukee Bucks vs. Atlanta Hawks is the perfect illustration of a moneyline bet, but here’s another one to make it as clear as possible:

In this example, Los Angeles Clippers are playing against the Phoenix Suns, with odds of 1.94 and 1.87.

On the other hand, a moneyline bet on Phoenix Suns with odds of 1.87 equals to a payout of $187.

Phoenix Suns have slightly lower odds which indicates that they’re the favourites to win the game.

As you can see, this example has odds that are far closer to each other than the game of Milwaukee Bucks vs. Atlanta Hawks, so this game might be more open to both teams taking the win.

Point Spread Bets on the NBA

Point spread betting takes it a step further than moneyline betting.

With a point spread bet, you will wager on which team will win the game and the points margin by which they’ll win.

Let’s look at a concrete example:

In this example, Atlanta Hawks are playing against the Milwaukee Bucks.

The +7 next to Atlanta Hawks indicate that Atlanta Hawks is the underdog to win the game, while -7 for Milwaukee Bucks marks them as the favourites.

Let’s say you bet on the Atlanta Hawks.

1. If the Atlanta Hawks win by any number of points, you win your bet.
2. If the Atlanta Hawks lose the game by less than 7 points, you win your bet.
3. If the Atlanta Hawks lose the game by more than 7 points, you lose your bet.

If you bet on the Milwaukee Bucks:

1. If the Milwaukee Bucks win the game by more than 7 points, you win the bet.
2. If the Milwaukee Bucks win the game by less than 7 points, you lose the bet.
3. If the Milwaukee Bucks lose the game, you lose the bet.

As you can see in the example, the odds are evenly spread out at -110. In fact, sportsbooks use the point spread as a handicap and usually have -110 odds.

Handicap betting is used to even out the playing field between two teams which are not evenly matched.

What Does Alternate Spread Mean in NBA?

Alternate spreads are spreads that differ from the original point spread for the NBA game. Most NBA betting sites will offer these alternate spreads.

An alternate spread will have a different point total and odds, as you can see in the example from Sports Interaction below:

Our Recommendation

We recommend Bet365 for NBA spread bets because it offers various options compared to other sportsbooks.

Get Started

19+. Gambling can be addictive. Please play responsibly.

Totals Bets on the NBA

A totals bet, also known as Over/Under betting, is a bet on the total points scored in a game.

For example, in LA Clippers vs. Phoenix Suns, the ‘under’ bet will result in a win if the total game points amount to less than 224. On the other hand, the ‘over’ bet will win if the total number of points are above 224.

The size of the “totals” depends on whether the teams are known to score a lot or not, so it will vary across different games.

Our Recommendation

All sportsbooks will offer total bets, but our personal favourite is 888Sport because it offers a variety of options.

Get Started

Prop Bets on the NBA

A prop bet is a wager based on occurrences or non-occurrences during an NBA game.

NBA prop bets can be anything ranging from the number of assists of a player, first team to score, if there will be overtime, players with most points, and a lot more.

Live Betting on the NBA

Live betting takes NBA betting to the next level.

With live betting options, you can place bets while the game is in full swing. This allows you to spot advantageous bets while the game develops.

Some sportsbooks even offer live streaming of NBA events, which really help you speed up your betting process!

Do keep in mind that in order to place live bets, you are ideally familiar with the game and can make accurate predictions without a lot of research.

With that in mind, we wouldn’t recommend live betting to a complete beginner as it can lead to some unfavourable results.

Parlay Betting on the NBA

Parlay betting is when you make multiple wagers (at least two) and tie them in the same bet. The higher the number of NBA bets, the higher the total payout.

In fact, sportsbooks tend to have a whopping 30% house edge on parlay bets, which is a lot more than the average 5% house edge.

View parlay bets as a fun way to bet on some NBA games, but do not try to chase those big payouts if your bankroll does not allow it.

If you want to place some parlay bets, we think that Betway’s bet slip is easy to use and displays potential payout.

SIGN UP

Futures Bets on the NBA

NBA Futures are bets on an event that is happening in the future. For example, you can bet on:

• NBA Finals winner
• Most Valuable Player
• whether a team will make the NBA playoffs
• etc.

Odds will vary depending on what you bet on.

Here’s an example from Bet99, which is a sportsbook that has a multitude of options for futures:

How to Bet on NBA Games

Betting on the NBA in Canada is a straightforward process, and we’re going to walk you through it step by step.

1. Select your sportsbook and register an account.
2. Go to the cashier section and deposit money.
3. Choose the NBA game you want to bet on.
4. Choose your bet type. Once you select it, your betting slip is immediately updated.
5. Proceed to pay the bet.
   

How to Legally Bet on 2022 NBA Christmas Games

NBA Christmas games have a long-standing tradition, and many bettors are looking forward to placing a bet precisely on one of these five games.

Luckily, Canadians can legally bet on these games as well, by choosing a safe and legal sportsbook that offers good odds (which we compare in the segment below).

Which Game to Bet On?

If you’re looking to place a moneyline bet on the highest quality game, you’ll want to go with Milwaukee Bucks vs Boston Celtics.

The two best teams in the NBA are sure to bring a lot of excitement, and should you bet on the Bucks and win, Betano’s odds of 2.47 could result in $247 on a $100 bet.

Local Options

Betano not available in your province? Sports Interaction has some competitive odds worth checking out!

SIGN UP

NBA Betting Tips to Keep in Mind

Having said that, the following tips are good to keep in mind and will help you bet more strategically.

Compare Different Odds

Although the sportsbooks we listed all have good NBA odds, odds will still vary slightly from one game to the next. That is why you should take the time to compare different NBA betting sites and choose the best for your bet.

For instance, we analyzed the odds for Atlanta Hawks vs. Milwaukee Bucks, and this is how the sportsbooks compared to each other:

According to this example, the best odds for Milwaukee Bucks are at Sports Interaction, while Betway and bwin lead the pack for odds for Atlanta Hawks.

Stay Informed on Player Injuries

Make sure to check for player injuries before placing a bet.

An injured or a resting player can significantly impact the outcome of an NBA game, which is why you should have all the facts.

Since injuries are usually announced very close to game time, we suggest you leave your betting close towards the start of the game and avoid any surprises.

Pay Attention to the Schedule

A tired team with back-to-back games is likely to underperform. Check the team’s schedule and take note of any games that might be a struggle for the team.

Sites like ESPN can be useful to check the NBA schedule.

It’s worth noting that these are all valid tips for betting on NCAAB as well.

• Many Prop Bets

Bet

• HD Live Streaming

Bet

19+. Gambling can be addictive. Please play responsibly.

• Canadian Betting Markets

Bet

• Best Value for eSports

Bet

• Award-Winning App

Bet

19+. Gambling can be addictive. Please play responsibly.

• Wide Variety of Sports

Bet

19+ | T&Cs apply | Play responsibly | Connexontario.ca | BetVictor operates pursuant to an agreement with iGaming Ontario