How to Find Undervalued NBA Teams

 

One way to profit betting on basketball is to find teams that the public undervalues early in a season. This is because at the beginning of any season, there are teams that do not get the respect they deserve. However, how does one Detect Undervalued NBA Teams and how to profit from them? Our Basketball betting tutorial will help you How to Find Undervalued NBA Teams and make money from them.

The theory is that basketball betting odds for those undervalued NBA teams in their opening games will be very favorable. Or at least, more than they should be. This is even more favorable when these teams are playing a popular opponent. Needless to say, the betting public loves favorites as well as popular teams and players.

While finding undervalued NBA teams is not an exact science it will help improve your NBA betting skills. When making early basketball betting picks, there are a few guidelines that can lead you in the right direction. Here are a few of those to help you start.

Find Undervalued NBA Teams and Increase Basketball Betting Profits

Losing a Star Basketball Player

Despite being a sports team, the NBA is very much about having star basketball players. This is because the betting public and the media are always talking about star players like Stephen Curry and Anthony Edwards. Therefore, when a player of this caliber leaves a team the basketball betting public will panic.

This is because they will assume the team will perform significantly worse than when they had their star player. However, that is not always the case and is one of the sports betting traps to avoid.

Even though a NBA team may occasionally perform worse, they frequently manage to offset the impact of losing a superstar. This is done by adding a new player with enough skills and talent to fill that role.

Or, the team can simply use one of the backup players on the roster that has the skills to deliver. Furthermore, there can have a group of players that produce the same results as the star on the court.

In addition, a coach can change his philosophy and style of play. Thus, an offensive team may change to become a strong defensive team. The change results in the team having success without the superstar.

In the end, this is how you spot an undervalued team. This is done by predicting whether the loss of a star player will as significant as what the public think or not. Therefore, knowing this will help you in making some nice short-term basketball betting profits.

Betting on Less Popular Basketball Teams

 There are two types of teams that compete in the NBA, both of which are subtly advancing under the radar. One group of teams attracts tons of media attention. The other group is one that no one really cares about.

There are teams that are true playoff contenders. This is because they have star players, play in significant markets, draw national media attention, and have success. Think of franchises like the Golden Knights and the Boston Celtics. Both fit the bill and both have long histories of success. Public bettors love them, which is one reason betting against the public often works.

Some teams play in smaller markets and don’t get the attention that large-market teams get. According to how to become an NBA Bookie, the NBA is very unbalanced. So the good teams get a massive percentage of the attention and the coverage.

Therefore, undervalued NBA teams are forgotten and do not get attention. That is actually good news for the smart bettor. Teams like this can quietly improve their rosters and start winning a ton of games before anyone really notices.

Smart bettors start riding these teams early. Eventually, these undervalued NBA teams make for great basketball picks.

How to Bet on Basketball

Basketball is one of the most popular sports in the world with millions of fans watching and enjoying the sport. Even though the NBA is synonymous with basketball, it is only one league out of 65 around the world. Furthermore, just like the sports itself, betting on basketball is just as popular. Therefore, here is our basketball betting tutorial on How to Bet on Basketball and Win!

Like many other popular sports, sportsbooks offer a wide range of options to bet on basketball. This is because basketball can greatly increase the sports betting volume in a sportsbook.

Therefore, basketball offers many opportunities for gamblers and fans to make a profit from it. In addition, a typical basketball regular season will last from 5-6 months depending on the country. Thus, it is plenty of time for sports bettors to find statistics and patterns to help them win their bets.

How to Bet on Basketball – Basketball Betting Basics

How to read Basketball Betting Odds

Since this is a beginner’s basketball betting tutorial, we will only go over the basic types of basketball wagers. Thus, we will first go over how to read sports betting odds for basketball and how to bet on them. In this tutorial, we will use the American odds system as it is easy to understand and popular amongst bettors.

First off, typical Basketball Betting Odds will look like this. For this example, we will use a matchup between the Atlanta Hawks and the Miami Heat.

Team	Point Spread	Money Line	Total Points
Atlanta Hawks	-5.5 -110	-141 -110	O 203.5 -110
Miami Heat	+5.5 +110	+ 117 -110	U 203.5 -110

 

Reading basketball odds is simple as long as you understand the +/- system. The “-“, in front of the number means that the team is the favorite to win. Furthermore, sports betting odds can change without any notice because of several reasons.  Some of these reasons include, player injuries, rumors and public betting perception.

The second number is not always there, it is important because it is the commission the bookmaker charges. In this example, the commission is -110. This means that if you win the bet, the sportsbook will charge 10%.

In most cases, the basketball betting odds will usually show the three basic types of bets.  They are Point Spread betting, Money line Betting and Total points or over/under wagering.

How to Bet on the Most Popular Types of Basketball Bets

How to bet on the Basketball Point Spread

According to basketball forums, point spread betting is arguably the most popular way to bet on basketball. This type of bet is a form of handicapping to so the sportsbook does not lose money. For example, a gambler wants to Bet on Atlanta Hawks on the point spread.  Looking at the odds chart, to win his bet, Atlanta has to win by more than 5.5 points.

Betting on the Money Line

Betting on the basketball money line is very straightforward.  This is because you are betting on the team to win without a handicap. However, this type of bet is more costly if you bet on the favorite.  This is because the odds of the Hawks are high and most people will bet on them. Therefore, a sportsbook makes it more expensive to bet on them.  In this case, you have to bet $141 to win $100.

On the other hand, if you bet on the underdog the odds are more attractive and the profits higher. In this example, you bet $100 to win $117 on the Seoul Samsung Thunders.

Bet on the Basketball Totals

This type of bet is also known as betting on the basketball over/under.  This is because you are betting on whether the total score will go over or under a certain number. For those looking to become a basketball bookie, setting the correct odds is a must. This is because sharp bettors will be able to take advantage of incorrect odds and make a large profit from the sportsbook.

Now that you know thebasics on how to bet on basketball, its time to put the theory into practice with SportsBetting.ag and get a 50% Welcome Bonus!

Wynn Resorts Pays $130 Million in Fines

 

A settlement has just taken place that is turning the Las Vegas Strip and the US Gambling industry on its head. This is because Wynn Resorts Pays $130 Million in Fines to Federal authorities. This is because it admits letting unlicensed money transfer companies to channel funds to gamblers at its premier property on the Las Vegas Strip.

The publicly traded entity announced that a non-prosecution agreement finalized on Friday reflects a monetary amount identified by the U.S. Justice Department as “funds involved in the transactions at issue” at the Wynn Las Vegas resort.

In communications to the media and the federal Securities and Exchange Commission, the company clarified that the forfeiture does not constitute a fine and that the findings from the decade-long investigation do not equate to money laundering.

U.S. Attorney Tara McGrath in San Diego remarked that the settlement underscores the accountability of casinos that permit foreign patrons to circumvent U.S. laws. She noted that the $130 million forfeiture is believed to be the largest ever imposed on a casino “based on admissions of criminal wrongdoing.”

Wynn Resorts stated that it has terminated all associations with individuals and entities implicated in what the government described as “convoluted transactions” abroad.

“Several former employees facilitated the use of unlicensed money transmitting businesses, which violated both our internal policies and the law, and for which we accept responsibility,” the company conveyed in a statement to The Associated Press on Saturday. Engaging in bookmaking is centered on achieving two primary objectives: increasing profits and reducing risks.

However, these objectives merely scratch the surface. Operating a sportsbook entails a multifaceted process that extends beyond just managing risks. It is imperative to gain valuable insights into the intricacies of sports betting from the outset.

Wynn Resorts Pays $130 Million in Fines in a Settlement with the Justice Department

According to Bookie Pay Per Head Solutions, the Justice Department outlined various methods allegedly employed to facilitate the transfer of funds between Wynn Las Vegas and individuals in China and other nations.

One method, referred to as “Flying Money,” involved an unlicensed money broker utilizing multiple foreign bank accounts to send money to the casino for a patron who was unable to access cash in the United States.

Another method included a person known as a “Human Head” who placed bets at the casino under the guidance of another individual who was either unwilling or unable to gamble due to anti-money laundering regulations and other legal constraints. This is why it is important for bookies to track betting activities.

According to the Justice Department, one individual, acting as an independent representative for the casino, executed over 200 money transfers totaling nearly $18 million through bank accounts managed by Wynn Las Vegas or its affiliated entities on behalf of more than 50 international casino patrons.

Wynn Resorts characterized its agreement with the government as a conclusive measure in a six-year initiative to “fully move past legacy issues and concentrate on our future.” The SEC filing indicated that the investigation commenced around 2014.

For those thinking about entering the gambling industry, this is a valuable lesson. This is because all tutorials about how to open an online casino mention the need for clear cut banking.

Former Wynn Resorts CEO, Steve Wynn Has not Comments about the matter

While the name of former CEO Steve Wynn was not mentioned, the parent company has been embroiled in legal challenges related to his exit following the emergence of sexual misconduct allegations first reported by the Wall Street Journal in 2018.

Attorneys representing Wynn in Las Vegas did not respond to inquiries on Saturday regarding the company’s settlement.

Now 82 years old and residing in Florida, Wynn has stated that he has severed all ties with the company that bears his name. He has consistently denied any allegations of sexual misconduct.

The billionaire, who developed a luxury casino empire in Las Vegas, Massachusetts, Mississippi, and the Chinese gambling hub of Macao, resigned from Wynn Resorts after the allegations surfaced, divested his shares in the company, and stepped down from the corporate board.

How to Become a Bookie and Open a Sports Betting Business

If you have a passion for sports and thrive on the excitement of the game, a career as a bookie could be the perfect fit for you. The online betting industry is booming, making it an opportune time to enter the lucrative sports betting market. Thus, this tutorial on How to Become a Bookie and Open a Sports Betting Business will help you achieve that goal.

This comprehensive guide will provide you with all the necessary information on how to become a bookie and establish a successful sportsbook business. We will walk you through obtaining the required licenses, setting up your business, selecting the best software, and attracting clients. Get ready to embark on an exciting and profitable journey in the sports betting industry!

Engaging in bookmaking is centered on achieving two primary objectives: increasing profits and reducing risks. However, these objectives merely scratch the surface. Operating a sportsbook entails a multifaceted process that extends beyond just managing risks. It is imperative to gain valuable insights into the intricacies of sports betting from the outset.

We also recommend watching this video which shows you 3 ways on how to be a bookie.

What is a Bookie?

Before we can begin on How to be a bookie, you must first know what it is. A bookie, also known as a bookmaker, acts as the intermediary in sports betting platforms.

To serve as a bookie means overseeing the entire betting process. This entails various crucial duties, such as:

Setting odds: A bookie must possess expertise in sporting events. They need to closely monitor team performances and player abilities to establish the odds. Precision and impartiality are vital in setting odds.

Accepting bets: This involves receiving bets from bettors. Nowadays, bet placement mostly occurs digitally, especially in online sportsbooks. Mobile betting is also conducted online.

Balancing the book: A bookie's role includes balancing the odds to ensure profitability. This helps in managing the risk of significant financial losses. However, a sports betting platform must demonstrate fairness in balancing odds. They must comply with regulations such as transparency and minimum payouts.

Settling winnings: Ultimately, a bookie or sports betting platform will resolve the bets. The winnings will be determined by the agreed-upon odds and unsuccessful bets.

How to Become a Bookie with a Pay Per Head

Get a Reliable Pay Per Head Service - The idea behind bookie pay per head service is straightforward yet effective. It enables you to offer a betting platform to your customers while the provider takes care of the lines, odds, and technical details. Choosing a trustworthy pay-per-head provider is essential.

Seek out a company known for outstanding service, stringent security protocols, and a reliable betting platform. Furthermore, make sure that it is capable of managing the increased traffic during major sporting events. using a PPH solution is the optimal method to open a sports betting business. To find a good PPH Software, we recommend looking at sportsbook pay per head comparison sites to help you narrow down the list.

Steps on Becoming a Bookie and Opening a Sports Betting Business

1. Organize Your Betting Platform

The core of your sportsbook operation lies in your sports betting software platform. Collaborate with your pay per head provider to organize a platform that is user-friendly, dependable, and secure. It should provide a diverse selection of betting options for Olympic events and have the capacity to manage numerous transactions simultaneously. Conduct thorough testing of the platform before its launch to address any potential issues.

2. Establish Financial and Payment Methods

It is crucial to offer a range of financial and payment methods for the convenience of your players. This includes traditional methods like bank transfers and credit cards, as well as modern options such as e-wallets and cryptocurrencies. Form partnerships with reputable payment processors to ensure secure and efficient transactions. Stay informed about payment regulations to ensure compliance.

3. Promote Your Sportsbook

Marketing plays a key role in attracting and retaining customers. Develop a comprehensive marketing strategy that encompasses both online and offline channels. Utilize social media, search engine optimization, and potential partnerships with other businesses to promote your sportsbook. Offering promotions and bonuses for the Olympic Games can also help attract bettors. In some case, it may be a good idea to seek the help of a sportsbook consultant as it can simplify the process.

4.  Sustain Customer Support

Distinguishing your sportsbook from competitors can be achieved through exceptional customer support. Ensure that your support team is well-informed, approachable, and accessible through various channels such as phone, email, and live chat. Prompt and effective customer service is often a crucial element in retaining customers.

5. Monitor and Adapt Your Business

After launching your sportsbook, monitoring its performance is essential. Utilize data and analytics to monitor betting trends, customer behavior, and financial performance. Based on this information, be prepared to adapt your strategies and operations to ensure that your sportsbook remains competitive and profitable.