In 2018, the US Supreme Court officially legalized American sports gambling. The National Basketball Association (NBA) has always been an advocate of legalizing sports betting through traditional and online bookmakers. At present, many states have legalized sports betting, with some limiting betting online. Either way, the legalization of sports betting in the United States is now one of the biggest attractions among gamblers and basketball enthusiasts alike.
So, how does the legalization of sports betting influence the game of basketball? Here are some insights into how it has been making changes in the NBA scene since 2018.
NBA Teams Profit from Sports Betting Legalization
A few NBA teams have been making money from gambling to some extent, even before sports betting was legalized. For instance, the Phoenix Suns usually practice and play in an arena with casino naming rights. Basketball teams have always profited from gambling in one way or another, but with the legalization of sports betting, profits are steadily increasing.
New opportunities arise with sports betting legalization. For instance, jersey ads are an effective means of casinos to advertise their in-game betting. In some cases, there are jersey ads that encourage people to play online slots for free in certain casinos that have a prominent online presence. Jersey ads is a potential profit centre as casinos and similar entities will provide sponsorship by merely having their names on NBA team uniforms.
NBA Earns from Sports Betting, Too!
Whether integrity fees or royalties, the NBA will make a lot of money from merely allowing the NBA to be on sports betting platforms. Sports betting is a big industry that is only getting a small fraction from each bet made; the NBA can earn billions of dollars in the next few years.
Players Cuts from Sports Betting
Players can make money through sponsorships, which are typically categorized as basketball-related income. The athletes will get 50% of the money from these side projects. Based on the most recent collective bargaining agreement, the NBA agreed that income from sports betting or gambling, in general, will fall under basketball-related income and will be shared with the sponsored players.
The Impact of Sports Betting Legalization on the Salary Cap
The player salary cap is expected to rise from $109.1 million in 2019-20 to $115 million for the upcoming 2020-21 season. NBA has yet to announce the increase, but a portion of that projection will include some anticipated sports-betting or gambling-related revenue.
NBA Game Integrity Measures
The NBA has employed private agencies to evaluate and continuously monitor sports betting platforms across the globe. For instance, a London-based firm was hired to ensure the integrity of the game, as their extraordinary measures can detect match-fixing in basketball and other team sports.
The league is also advocating the regulations across all states, such as placing a ban on specific prop bets that are highly vulnerable to manipulation. For instance, which player will get called for the first foul in a game can be easily exploited and manipulated; therefore, such wagers will not be included as one of the ways to bet altogether. For other types of wagers, such as which player will score the next point, will have a low limit on bets to avoid being tempted to be corrupted to some extent. It will be difficult even for high-stake bettors to pay off players who are paid millions for a prop bet at $100.
Placing NBA Sports Bets
The NBA has partnered with the well-known bookmaker, William Hill, to be the only Authorized Sports Betting Operator of the league in the United States.
William Hill has full rights to use official NBA betting data and league marks on its online app and sportsbooks throughout the country. In turn, William Hill will be widely promoted across the digital asses of NBA, including on NBA.com, the NBA app, across all social media platforms.
William Hill is a global brand that is respected for establishing the new standards and etiquette for sports betting in the United States and beyond. With the technology, innovation, and authority name of William Hill, sports fans and bettors alike will have a fun and exciting experience sports betting across all William Hill sports betting avenues.
The real winners of this NBA-William Hill consortium are the customers and partners across the United States. As a renowned sports bookmaker, William Hill successfully promotes legalized wagering on all NBA events.
History of William Hill- #1 Sports Bookmaker
William Hill is undeniably one of the largest bookies in the world. A historic brand that started its operation in 1943, William Hill currently represents up to 25% of the betting market in the British Isles.
The internationally renowned is now operating in countries where sports betting is legal. Today, William Hill is the biggest online bookie in the world. Its user-friendly interface, excellent customer service, and unbeatable promos have made William Hill a trusted name for old and new punters alike.
The worldwide success of William Hill is no surprise. It has been consistent in its delivery of premium betting experience for big and small bettors as well as novice and expert punters. It has everything that a punter would need and want and then some.
William Hill gives out 100% first bet bonus up to the value of $50. To make use of the William Hill deposit bonus, you first need to sign up. The registration is easy and straightforward. They will match your initial deposit with a maximum bonus bet amount of $50. To withdraw your winnings from your William Hill bonus bet, the winnings from the sign-up wager should be turned over at least once and at odds of $1.50 or more.
Sign up with William Hill today and enjoy an exceptional bonus bet offer of $50 sign up bonus when you make an initial deposit worth $20!
William Hill Promotions
William Hill is a force to be reckoned with. According to William Hill reviews, it is widely being used for placing bets on NFL and college football, NBA and college basketball, and hockey, soccer, baseball, tennis, golf, and horse racing from all over the country. What sets William Hill apart from its competition is the wide variety of promotional codes that it offers to bettors daily.
William Hill also features an impressive list of sporting events, competitions, and even novelty betting markets where you can place your bets on. It specializes in American sports betting markets such as the NFL, NBA, MLB, and NHL. The most popular and in-demand sporting events from other countries are the European and UK Premier Leagues for soccer.
William Hill offers exclusive racing promotions such as “In-Play” betting with the double down feature that allows bettors to place pre-odds and then place pre-game odds while the game is taking place.
William Hill Added Betting Features
- You can now place your bets even when you’re not in front of the computer. The William Hill mobile app is compatible with Android and iOS devices. It presents the same essential features and buttons on the screen and equipped with functions use.
- William Hill also delivers quality live streams on select sporting matches. Typically, the most popular sporting events, such as pay-per-view fights and championship games, can be viewed via live stream. They feature a schedule of events that will be live-streamed, so players are reminded to tune in and place their bets ahead of time. Of course, players need to fund their accounts or have real money to bet and access to live stream games. Players need high-speed Internet to view a good-quality stream from start to finish.
William Hill Customer Service
Players can either call the hotline or email William Hill for any inquiries or to open a case to disputes winnings. Customer service representatives are knowledgeable and accommodating, so any problem that you encounter will be resolved right away.
- William Hill seasoned bookmaker in business since 1943.
- An intuitive website gives the best user experience with its easily navigable site and mobile version, too
- William Hill offers regular promotions for NBA games and other significant games from other sports.
- William Hill does not offer any cash-out feature.
- Live streaming is limited to significant games, with only a small number of sporting events featured on a live stream.
William Hills is successful in bringing its advanced mobile applications to bettors all over the United States. With the convenience and accessibility that the app delivers, bettors can now browse through markets with relative ease. If you think their mobile website is already highly responsive, just wait until you experience using the William Hill mobile betting application. It presents a cleaner, more organized view of sports markets and features buttons that streamlines the betting process, too.
With just a few taps, you can now place bets and view results. The mobile betting app displays the same set of features as those found in its traditional website. You can live stream and watch sporting events without hassle. If you don’t mind watching onscreen, this sports betting app will be one of your favourites!
Bettors may also take advantage of promos and bonus bets using their William Hill mobile app. There are even exclusive promotions and free bonus bets given to app users only! Just like its traditional platform, the William Hill sports betting app boasts intuitive design, a safe and secure environment, and the best odds offers that competitions fail to deliver.
The William Hill betting app is the perfect solution for bettors on the go. With this useful and neat app, you don’t have to miss a single race again. You can watch live stream games and races, place bets easily, and choose from a wide selection of markets without the fuss.
Here are ways on how to bet on NBA games:
Moneyline bets on the NBA
In this wager, bettors pick a winner of a game. A negative or positive number will assign the moneyline. The team with odds that are designated with a negative number is the favourite, while the one with the positive number is the game underdog.
For example, if a team is -120 on the moneyline, a bettor needs to bet $100 to reap $100 worth of winnings. On the other hand, the underdog with +120, a placed bet of $100, will return winnings worth $120.
Point Spread Bets on the NBA
In this wager, a bettor can place a bet on whether a specific team will cover a point that is spread by William Hill. The favoured team must win more than the set number of points while the underdog must either win or lose by less than the set spread.
Over/Under Bets on the NBA
Bettors can place bets on the total number of points that will be scored during a game. Is can either be under or over the total points set by William Hill.
Parlay Bets on the NBA
Parlay means linking two or more bets together for better chances of higher payouts. For instance, you can bet the point spread in multiple games, and get a much bigger payout on your wager. Parlay bets are riskier than the standard bets mentioned above.
Proposition Bets on the NBA
Prop bets are wagers that typically answer the yes-or-no variety. For instance, whether Lebron James will score more than 30 points in one game or if Andre Drummond will have more than ten rebounds in a game.
Future Bets on the NBA
You can bet on future NBA games, such as the champion team of the NBA finals, or how many games a specific team will win during the regular season.
Live Betting on the NBA
Bettors can place wagers on various elements while games are ongoing, including moneylines, points spread, and props, among many others.
To place bets on NBA games at William Hill sportsbooks, you need to deposit your money online. You can deposit via several options, including PayPal, credit and debit cards, e-checks, Play+ cards, to name a few. The options will vary by state, so make sure to read the fine print before signing up. If you plan on betting at a brick-and-mortar sportsbook, you need to have real cash to wager.