The NBA is one of the most popular sports in the United States, with the season spanning from October to June, culminating with the NBA Finals. Its athletes are among the most high-profile sportsmen on the planet, including LeBron James and Steph Curry among many others.
NBA betting has been operational since May 2020 after online sports betting in Colorado was legalized. There are ample NBA betting opportunities throughout the season on games and outright markets. Due to the popularity of the league, the off-season wagering markets are just as plentiful with the ability to bet on free agency and the NBA Draft, where you can attempt to predict where the stars and future stars will wind up.
Colorado residents are afforded a great number of quality betting sites such as DraftKings and FanDuel to wager on the NBA and the leading team in the state, the Denver Nuggets, who have been a solid contender in the Western Conference with Nikola Jokic in the ranks.
Best Sportsbooks to bet on the NBA
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BetMGMFirst Bet Offer – Up To $1,000 Bonus Bets New customers start with a first bet offer of up to $1000. Simply sign up, make a deposit and place your first wager. If the bet loses, you’ll receive the amount of your wager back in bonus bets. -
DraftKings$1,000 Deposit Bonus A customer’s first deposit (min. $5) qualifies the user to receive up to $1,000 in bonus funds in the form of site credits that can only be used on DraftKings. Bonus amount is equal to 20% of that deposit amount, not to exceed $1,000 (the user must deposit $5,000 to be eligible to receive the maximum possible bonus amount of $1,000).
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CaesarsOn Caesars up to $1,250 If you lose the first real money bet you place, receive a Bet Credit of up to $1,250!
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WynnBetBet $100 Get $100 To qualify for this promotion, a new WynnBET patron must: 1. Create a new, valid WynnBET account. 2. Opt into the promotion by clicking the “Deposit Now” button below. 3. Make a first deposit of $100 or more. 4. Place a minimum of one Qualifying Wager of $100 on any straight or parlay with odds of -120 or greater. The Qualifying Wager must be placed on one wager. For example, if a patron has opted into this promotion and places (for their first WynnBET wager) a $100 money line wager with +110 odds and the bet settles as a win, the bet will pay out $210 as normal ($100 wagered plus $110 in winnings) and the patron will receive $100 total in bet credits.
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BetfredBet $50 Get $250 Promotion only available for newly registered accounts and not eligible for existing accounts Valid on first cash wager after registration with a minimum of -200 odds and a minimum deposit of $10.
NBA Betting Options
The standout NBA betting option among all sportsbooks in the state is a wager on the moneyline. This is the most basic of all bets as you simply pick the team you believe will win the game. One will have a positive value and the other a negative to highlight the underdog and favorite respectively. The values reflect the money you will receive back from the sportsbook if your selection wins.
Another popular bet is spread betting, where the two competing teams are assigned values based on their past performances, regarding who is the favorite and the underdog. The favorite will have a minus value and the underdog a positive, which reflects the margin of victory according to the sportsbook’s opinion.
For example, if the Denver Nuggets are -5.5 and Oklahoma City Thunder are +5.5 in their NBA match, a winning bet on the Nuggets would have to result in them beating the Thunder by more than six points. Vice versa, a winning bet on the Thunder would result in a defeat by fewer than six points or a win.
Over/unders are extremely popular given the ease of the wager. The sportsbook picks a value for an event such as total points, and you only have to guess whether the correct number will be over or under. These wagers can be used for points, rebounds, assists, and other statistics regarding the game and individual players.
There are new forms of betting markets being developed all the time, and one of the top options emerging is same-game parlay bets, where you can place multiple bets from a single game such as the money line and over/unders into one wager, increasing the value of the bet.
Caesars Sportsbook is one of the top betting operators to provide this new service, although you will also find top odds and markets at FanDuel and DraftKings.
NBA Teams To Bet On
Residents of Colorado can bet on all NBA teams on outright and game betting markets, but there will no doubt be a particular focus on the Denver Nuggets. Whether it be the Northwest Division, Western Conference, or NBA Championship itself, there are odds available to bet on the Nuggets to win all three crowns in their respective NBA campaigns. There are also options to wager on players such as Jokic to win awards such as the MVP among others.
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Sign up bonusFirst Bet Offer – Up To $1,000 Bonus Bets New customers start with a first bet offer of up to $1000. Simply sign up, make a deposit and place your first wager. If the bet loses, you’ll receive the amount of your wager back in bonus bets.Multiple ways to register Good selection of betting options Excellent selection of payment methods Up to $1,000 in bonus betsBetMGMJoin Now
FAQ
Yes. NBA sports betting is allowed in Colorado after the Centennial State legalized the practice in 2020.
You can bet on the moneyline, spread, over/unders, and many more in Colorado through the top betting sites.
Colorado residents have access to many top betting sites, including Caesars Sportsbook and FanDuel.
Yes. Colorado residents have the opportunity to bet on all 30 NBA teams with a variety of wagers.
Yes. The top betting sites in the industry will provide sign-up offers for new customers along with regular bonuses for existing users.