The New York legislature is presently considering multiple bills related to online sports betting expansion. Should sports betting become legal in New York, which we expect, then those located within the state will be able to bet on their favorite NBA teams.
New York is expected to be a hotbed for NBA betting, and on this page, you will learn about how you can bet on the NBA, the NBA odds available to you, and where you can bet on games.
Where to Bet on the NBA in New York
We expect online sports betting to launch in New York sometime in 2020, and when that happens, you will be able to bet at multiple locations. We know for a fact NBA betting will be at the following locations:
- Rivers Casino & Resort Schenectady
- Tioga Downs Casino
- Resorts World Catskills
- Del Lago Resort & Casino
Additional locations may be available as the state is looking to include Tribal casinos, state race tracks, and OTB locations in present legislation.
How to Bet on the NBA
NBA fans will have plenty of opportunities for NBA betting at NY sportsbooks. You will be able to place bets on all regular season games as well as the playoffs and the NBA Finals. Here are the types of bets you can expect to find:
Totals – You’re betting against the line of total points for the game. This is a straight over/under bet. If the Knicks are playing the Wizards and the line is 212.5, you bet whether the score will be more or less than 212.
Moneyline – You’re betting on who will win the game. Underdogs have + NBA odds while favorites have – NBA odds. For underdog bets, the odds are how much you can win for $100. The odds for favorites is how much you must bet to win $100. If you bet the Nicks at -170 against the Bulls, you must wager $170 to win $100.
Parlays – You’re betting on multiple games with this bet. The only way to win is if all parts of your bet win. If you bet the Nets, Knicks, and Magic to cover and Knicks fail to cover, you lose.
Teasers – Another form of parlay where you can manipulate the spread to improve your odds. The caveat is that these bets pay less, but they do hit more often.
Point Spreads – A popular bet, you’re betting whether the team can beat the margin line set by the sportsbook. Underdog bets will pay out if they win or lose by the line set while bets on favorites can only win by scoring more than the line. If the Nets are -4.5, they must win by at least 5 for your bet to win.
NBA Teams in New York
New York has two NBA teams in the New York Knicks and the Brooklyn Nets. Of the two, only the Knicks have won an NBA title, with both their titles coming in the early 1970s. Neither team has enjoyed much success in recent years. The Nets just barely made the playoffs for the first time in four years this season, but aren’t expected to be a serious contender.
Despite not being a playoff contender, both teams remain popular, and you can expect plenty of NBA betting action once NY online sports betting launches.