NBA betting is growing year after year across the United States, and that also holds true in Florida, where betting on NBA games has become very popular. Florida is home to the Miami Heat and Orlando Magic. The Heat emerged as a serious contender making the NBA Finals two years ago and the Magic look to be trending the right direction as well. It’s a great time to be an NBA fan and bettor in Florida.
On this page I will recommend our top rated betting site for Florida residents, briefly touch on the legalities of betting from Florida, look at examples of the three most popular NBA bets, and finish up with a 3 step guide you can follow to get your NBA bets placed online quickly and easily.
Best Sportsbook for Florida Residents
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Bovada.lv is our top rated betting site for Floridians looking to bet on the NBA online. Bovada is the most popular sportsbook serving the United States and has built a strong reputation as a safe and secure site for Florida players over the past decade.
Bovada offers early and competitive lines on every NBA game and includes a wide variety of prop betting options for each game as well.
Sports Betting in Florida
At the current time it’s not legal to own and operate a sportsbook in the state of Florida.
That said, there’s no law preventing Florida residents from joining an offshore betting site that is located, licensed and regulated outside of the United States. Bovada is licensed and regulated in the country of Antigua, which allows them to accept players from Florida and the majority of other US States.
Check out our Florida sports betting section for a more in depth breakdown of the betting legalities in the state.
Popular NBA Bets
There are three NBA bets that take the vast majority of action. These include the point spread, money line (to win) and over/under (totals) odds.
The oddsmakers will set a “spread” that is meant to even the playing field between two teams. With the spread the underdog is basically spotted a certain number of points, which allows bets on either side of the spread to payout a basically equal amount.
The team expected to win the game (favorite) must win by more than the spread amount, while the underdog must either win the game outright or lose by fewer points than the spread.
Here’s an example from a Jazz vs Nets game from last season. The Jazz are 5 point favorites on the road. This means that the Jazz must win by 6 or more for a spread bet on Utah to win. A spread bet on the Nets is the winner if the Nets either win the game outright, or the Jazz win by 4 or less. If the Jazz win by exactly 5 points then the spread bets would push and be refunded.
Money Line (To Win)
Another popular wager is known as the “money line”. This type of bet is simply betting on the winner of the game, no spread involved. The odds will be set based on each teams perceived chances of winning the game. Betting on the favorite will return less if they win, than betting on the underdog.
For example, a team perceived to have a 75% chance of winning the game will have money line odds of -300, which would mean you would have to risk $300 to win $100 betting on that team. On the flip side, a team with a 25% chance of winning a game would have odds of +300, meaning a $100 bet would win $300 if they pulled off the upset.
In the Jazz vs Nets example the Jazz are -190 favorites to win the game. This means you would have to bet $190 to win $100 (payout of $290) wagering on the Jazz to win. The Nets are +165 underdogs so a $100 bet would win $165 (payout of $265) if they pulled off the upset. Check out our American odds page to learn how to the odds work.
The last of the three popular bets on an NBA game is the over/under, also known as totals. This bet involves wagering on the total number of points to be scored in the game by both teams combined. The oddsmaker will set a total for the game and you can bet on whether you think more or fewer points will be scored.
The over/under in the Jazz vs Nets game is set at 225.5 points. If 226 or more points are scored then the over bets would be winners, while if 225 or fewer points are scored the under bets would be winners.
These are the three bets that take the majority of betting action on NBA games, but there are also a wide variety of prop bets you can make as well. The ‘146 Bets’ shown beside the Jazz and Nets in each of the odds screenshots above indicates Bovada has 146 other bets you can make on this one NBA game.
How To Bet On The NBA From Florida – 3 Steps
Follow these three simple steps to bet on the NBA from Florida.
Step 1. Join Bovada.lv
Click the above link and click on the red ‘Bet Now’ button in the top right corner of the Bovada website. Fill out the short form to open your account.
Step 2. Deposit
Log into your account and click on ‘Deposit’ in the top right corner of the screen. Choose one of the deposit options and follow the steps to fund your account.
Bovada accepts Visa, MasterCard, American Express and bitcoin deposits.
You are entitled to a 50% matching bonus up to $250 on your first deposit. You will need to claim this bonus in the “My Rewards” section of your Bovada account.
Step 3. Place Your NBA Bets
Click on ‘Sports’ from the top navigation bar of the Bovada website and ‘Basketball’ from the secondary sports menu. Make sure ‘NBA’ is selected from the drop down menu.
Select the NBA bet you want to make and enter your risk amount on the Bet Slip on the right of the screen. When you are satisfied with the risk and potential winnings, click ‘Place Bets’ to confirm the wager.
It’s that easy. Ready to bet? Click here to visit Bovada.lv.