NBA Odds: Calculating Probability of Winning

When it comes to calculating the probability of a team to win – there isn’t really a rule for American odds because it is one of the newer odds formats, so to calculate your probability of winning your bet, you will need to convert your odds to decimal.

  • For positive odds (underdog NBA odds) let’s say +200: 1 + (odds / 100) = 1+(200/100) = 3.0
  • For negative odds (favored boxer’s odds) -200: 1 – (100 / 200) = 0.5

Now that you have your decimal odds, we can help you calculate your winnings and implied probability:

Decimal NBA Betting Odds

Decimal NBA odds are way more common in European countries, but in the United States, it’s way more common to use American – for obvious reasons. It’s easier to calculate your American odds by converting them to decimals, especially when trying to calculate the probability of winning.

To calculate your potential winnings when using decimal odds, you need to take your odds, multiply them by your stake, and then subtract the stake.

  • 3.0 odds would be calculated as (3.0 * $10) – $10 = $20 in winnings
  • 1.25 would be (1.25 * $10) – $10 = $2.50

To calculate your implied probability of winning, you will need to divide 1/decimal odds which is 1/ 3.0. This gives an implied probability of 3.33%. Implied probability is an important part of your NBA betting strategy and will help you improve your chances of winning in the long term.

NBA moneyline

Fractional NBA Betting Odds

This is where your grade school math class can come in handy: in fractional NBA betting odds. If you see a fractionated number, like 10/1 on the odds board, this means a team has a ten to one chance of winning the game. This way, you can also calculate their probability of winning – from the fractional NBA odds.

The formula looks like this: B/(A+B) = %

For example, if the NBA betting odds are set for a game and the team has 8/1 odds to win, there is an 11% chance they will win the game.

1/(8+1) = .11 (11%)

Or, if a team has 1/4 odds to win the match, that can be calculated like so – 4/(4+1) = 0.80 (80%) This team is favored and will likely win the game.

So, how much will you win on fractional NBA betting odds? It’s pretty simple – for every value on the right side of the fraction you wager, you will win the left.

So, 9/1 odds – for each $1 wagered, you will win $9.

1/4 odds – for each $4 wagered you win $1.

Odds to win nba

Western Conference
1Oklahoma City Thunder82572598479239608
2Denver Nuggets82572594188987431
3Minnesota Timberwolves82562692648735529
4Los Angeles Clippers82513194819212269
5Dallas Mavericks82503296649483181
6Phoenix Suns82493395329281251
7New Orleans Pelicans82493394369074362
8Los Angeles Lakers8247359679963049
9Sacramento Kings82463695589415143
10Golden State Warriors82463696579443214
11Houston Rockets8241419375928392
12Utah Jazz82315194849885-401
13Memphis Grizzlies82275586779251-574
14San Antonio Spurs82226091929724-532
15Portland Trail Blazers82216187229462-740
Eastern Conference
1Boston Celtics82641898878957930
2New York Knicks82503292498873376
3Milwaukee Bucks82493397569541215
4Cleveland Cavaliers82483492369038198
5Orlando Magic82473590588892166
6Indiana Pacers824735101109860250
7Philadelphia 76ers82473593979147250
8Miami Heat82463690328888144
9Chicago Bulls82394392069324-118
10Atlanta Hawks82364697039882-179
11Brooklyn Nets82325090509287-237
12Toronto Raptors82255792139741-528
13Charlotte Hornets82216187409580-840
14Washington Wizards821567932710089-762
15Detroit Pistons82146890109757-747
1Boston Celtics82641898878957930
2New York Knicks82503292498873376
3Philadelphia 76ers82473593979147250
4Brooklyn Nets82325090509287-237
5Toronto Raptors82255792139741-528
1Orlando Magic82473590588892166
2Miami Heat82463690328888144
3Atlanta Hawks82364697039882-179
4Charlotte Hornets82216187409580-840
5Washington Wizards821567932710089-762
1Milwaukee Bucks82493397569541215
2Cleveland Cavaliers82483492369038198
3Indiana Pacers824735101109860250
4Chicago Bulls82394392069324-118
5Detroit Pistons82146890109757-747
1Oklahoma City Thunder82572598479239608
2Denver Nuggets82572594188987431
3Minnesota Timberwolves82562692648735529
4Utah Jazz82315194849885-401
5Portland Trail Blazers82216187229462-740
1Los Angeles Clippers82513194819212269
2Phoenix Suns82493395329281251
3Los Angeles Lakers8247359679963049
4Sacramento Kings82463695589415143
5Golden State Warriors82463696579443214
1Dallas Mavericks82503296649483181
2New Orleans Pelicans82493394369074362
3Houston Rockets8241419375928392
4Memphis Grizzlies82275586779251-574
5San Antonio Spurs82226091929724-532
Last update on May 22, 2024 03:15 PM

Top NBA Betting Options

Now that you understand basic odds calculations and can understand the NBA Las Vegas betting lines, we can look at a few of the top NBA betting options before you get started.

NBA Moneyline Odds

The most simple betting type you can lay down in terms of NBA betting is the moneyline. It’s simple and easy to understand and great for new bettors. Your job is to determine which team will win the game - that’s it.

If the Warriors and Lakers are playing, and their odds look like:

  • Golden State Warriors -300
  • LA Lakers +120

If you want to bet on the Lakers, you can calculate their probability like so:

1 + (odds / 100) = 1+(175/100) = 2.75

Now that you have your decimal odds, you will calculate your implied probability by dividing 1 /2.75 = 0.36 (3.6%)

Low chance of winning, but let’s calculate the winnings on a $50 wager.

(2.75* $50) - $10 = $87.50 in winnings

NBA Point Spread Odds

Point spreads are extremely popular in the NBA, and almost any of the main professional sports. Point spreads are intended to give the underdog an imaginary advantage or level the playing field in games that are one-sided. Your oddsmaker or sportsbook will decide who the favored team is, and determine the spread based on how those two teams match up.

The spread tells you how many points a team must win or lose by, depending on which side you’re betting on. If you choose the favorite, their spread will be a negative number, and they must win the game by that amount. If you choose the underdog, they must lose by less than that number or win the game.

The odds can be calculated like any other wager, most times the odds will be fairly low, as you took most of the risk out by choosing the point spread.

NBA wagering

NBA Totals Odds

If you’re looking at the NBA basketball betting lines and you aren’t leaning toward a particular team or just aren’t familiar enough with one team or the other to make an educated wager, you can always bet the totals or the over/under as it’s commonly referred to as. Totals betting is very simple, and you don’t have to choose one team over another - you simply have to decide if the total amount of points scored by both teams collectively will be over or under the oddsmaker’s line.

The totals will have odds like -110 attached to it, based on the bets coming in leading up to the game. The odds won’t stray too far from the -110 or -105 range as the totals bet is fairly safe, and way less risky than other options.

Top Online Sportsbooks for NBA Betting Odds

If you’re looking for the best NBA betting odds, look no further. We have a great selection of the top online sportsbooks that operate offshore, so they aren’t illegal to use in the United States. Many people are fearful of scam betting sites or feel that offshore sportsbooks aren’t legitimate, but we ensure that any sportsbook listed on OnlineSportsBetting is safe and secure.

Offshore sportsbooks provide the best NBA betting odds, superior NBA bonuses, and the best selection of props and futures for NBA betting.

To ensure you get the most out of your NBA betting experience, be sure to read plenty of sportsbook reviews, and only sign up at trusted sportsbook sites recommended by our experts at OnlineSportsBetting.

NBA Betting Odds FAQs