Step 1: Finding a bookmaker
Before you start your basketball wagering you will first have to find someone to take your action; hence, enter the bookmaker!
If you live in Nevada, England, Mexico, Australia, or any one of many other jurisdictions throughout the world, you can do it legally. The rest of us, if we want to stay within the law, will have to go with one of the many offshore betting establishments, and there are many to choose from. However, and this is a big however, be careful! This is an unregulated and therefore somewhat chancy industry with a bevy of scam artists out there. Find a bookmaker that’s been around for a while, hopefully one that comes recommended to you from someone you know. If you’re having difficulty you can contact me or note the fine establishments advertising in Gambling Times.
Step 2: How does it work?
The standard cost (vigorish) for betting on basketball is roughly 4½% for the house. You may find some variations both ways if you shop around. Generally speaking, the online bookmakers give the best betting prices to the public.
For the novice reading this article, when you bet on basketball games with a bookmaker you will have to win by the pointspread. The pointspread is a value system assigned to the teams playing, based on which team is perceived to be the better. For example, if the Lakers are playing the UFA Kings the odds may be around seven points. The Lakers …