Sports betting in Louisiana is right around the corner, and the state’s Gaming Control Board Chairman Ronnie Johns previously stated his goal of having retail sportsbooks operating by November 1. Online sportsbooks, however, won’t be accessible in Louisiana for at least a few more months.
As of now, the only retail sportsbook currently operating in the state resides at Paragon Casino, which partnered with the Betfred Sportsbook. So for the time being, this is the best place for people in Louisiana to place bets on the NBA.
NBA Odds At The Best Sportsbooks
When online sports betting hits Louisiana, bettors can expect the marquee sportsbooks to be active in the state. When it comes to betting on the NBA, these three companies typically offer the best odds.
|Sportsbook||Current Bonus Offer||Why we like it for NBA Odds|
|DraftKings||20% Deposit Bonus up to $1,000||Standard odds + wide variety of prop bets|
|Caesars||First Bet Insurance up to $1,500||Generous futures odds for NBA Finals favorites|
|FanDuel||Risk-Free First Bet (up to $1,000)||Excellent Live-Betting platform|
Where Can You Bet On The NBA In Louisiana?
As it stands, the only place to bet on the NBA in Louisiana is via Betfred Sportsbook at the Paragon Casino.
When online sportsbooks enter the fray, the expected online sportsbook players to enter the Louisiana market include DraftKings, BetMGM, Caesars, and FanDuel. All of these platforms offer odds for NBA games and futures, including the NBA Finals.
Typically these online sportsbooks carry similar odds for NBA games, though there are slight variations from game to game. In terms of futures, however, there is more discrepancy. For example, FanDuel and BetMGM list the Brooklyn Nets as +200 to win the NBA Finals, while DraftKings list them as +240. When it comes to bonus offers, Caesars currently offers users the most generous bonus, with first bet insurance worth up to $1,500.
How NBA Betting Odds Are Calculated
Betting odds for NBA games are pretty straightforward. Bettors will be presented with the option to bet on the Spread, the Moneyline, and the Total. Each of these options will include odds underneath it, which suggest the probability of that specific outcome occurring.
An example can be seen from the NBA game on Wednesday, Oct. 27, 2021, between the Atlanta Hawks and New Orleans Pelicans.
FanDuel lists the following:
The Moneyline for this game is set at the Hawks at -230 and the Pelicans at +190. If a bettor were to wager $100 on the Pelicans at +190 (a positive moneyline), their winnings would be $190, and the total payout would be $290.
Adversely, in order for a bettor to win $100 on the Hawks at -230 (a negative moneyline) the bettor would need to wager $230, for a total payout of $330.
There are a variety of factors that affect NBA odds. For example, a player getting injured or held out of the lineup could cause a late shift in the odds for a game. Furthermore, if a large percentage of bettors are placing wagers on one team, a sportsbook may adjust the odds in order to balance incoming bets.
NBA Futures Odds
A futures bet is exactly what it sounds like; a bet on an event of which the outcome will be decided in the future. Prime examples of this include wagers on the NBA Finals, Division Champions, as well as the MVP race. These bets can be made throughout the season as well as during the offseason.
Unfortunately for Pelicans fans, the team looks far away from contention in the 2021-22 NBA season, though if you want to make a prayer that they’ll walk away with the Larry O’Brien Trophy, the odds would result in a tremendous payout. Currently, the Pelicans are listed by FanDuel as +13,000 to win the NBA Finals, while DraftKings lists them at +15,000.
What Kind Of Bets Can Be Placed On The NBA?
Moneyline: A moneyline bet is the most basic sports wager. The bettors simply need to place a bet on what team they think will win the game.
Total (Over/Under): The bettor will be presented with a number for the “over” and the “under”. These numbers indicate the total amount of points scored in the game by both teams. In order to win the bet, the bettor must correctly case whether the game’s total points are over or under the amount provided.
Point Spread: Point spreads indicate who is favored to win the game, and by how much. With point spreads, you can bet on the favorite to win by a certain amount of points or the underdog to “cover the spread” or not lose by a certain amount of points. Point spread wagers have three possible outcomes, bettors can win, lose, or push. A push occurs when a team wins by the exact amount of points as the point spread, meaning the bettor neither wins nor loses.
Parlays: A parlay bet is a wager that features multiple parts. The odds of the individual legs of the parlay are multiplied to generate the new odds. In order to win a Parlay, every single part but hit successfully, and even a single miss will (in most cases) cause your bet to be considered a loss. While parlays are risky, they often offer generous payouts.
Futures: A futures bet is a wager placed on an event in which the outcome will be determined in the future. An example of this would be betting on the NBA Finals in January, months before the playoffs have even started.
How to Place Prop Bets on NBA: Not sure what the outcome of a game will be? Well, if you don’t want to bet on the actual game, you’re not out of luck. Many sportsbooks offer fans the opportunity to make prop bets. Prop bets are bets that aren’t tied to the outcome of a game. Examples of these include:
- Player prop bets
- Total points scored by X player (over/under)
- X player to score the game’s first basket
- X player to make at least X field goal attempts
- Team prop bets
- What team will score first?
- Total first-half points (over/under)
- Will overtime be required for the outcome?
- Season-long prop bets
- Scoring Title Winner
- Defensive Player of the Year
How To Bet On The NBA In Louisiana
Betting on the NBA in Louisiana will be available via retail locations as well as online betting sites. Currently, the primary operating sportsbook is Betfred Sportsbook which is located in the Paragon Casino. To place a bet here, one simply needs to have proof of Identification stating they are at least 21 years of age, and then can access one of the casino’s self-serve kiosks in order to place a wager.
When online sportsbooks enter the fray, registration will be a streamlined and easy process, particularly when signing up for the likes of DraftKings and FanDuel, among others. Simply download the “DraftKings Sportsbook” or “FanDuel Sportsbook & Casino” app from the Apple iOS App Store or the Google Play Store, and create an account when prompted in the app. From there, enter your information and make a deposit in order to collect your bonus promotion and start placing bets.
How To Place A Bet On The NBA Finals
Fans who want to place a bet on the NBA Finals will need to place a futures bet. Most sportsbooks offer futures bets, though, as stated earlier, they won’t pay out until after the event has concluded. The Pelicans don’t seem likely to feature in the Finals this year, but just because New Orleans’ team isn’t playoff-bound, doesn’t mean Louisiana residents can’t bet on the NBA Finals.
There are various types of futures bets you can place on the NBA Finals. During the season, most sportsbooks will have the option to bet on what team will win the championship. However, as the Finals begin, more props will begin to emerge once the teams are settled, and fans will be able to bet on things like“first player to score” or “first team to score” or even things like “first-quarter total (over/under) and “home team total first-half points.”
Does The NBA Have A Partnership With A Sportsbook?
The NBA’s first sportsbook partner was MGM, having reached an agreement back in 2018, per ESPN.
The NBA added its second sportsbook partner, BetStar, owned by the Stars Group, in December 2018, per NBAPR.
FanDuel and the NBA reportedly agreed to a partnership in December of 2018, per an NBA Press Release.
Louisiana NBA Odds FAQ
Yes. Betfred takes bets on the NBA, and when more retail and online locations become available, they will also accept bets on the NBA.
The NBA is one of the most bet upon leagues across all sports, and the fact that there are games virtually every night during the season only adds to its accessibility for bettors.
Most platforms offer similar odds on a game-by-game basis, but more discrepancies can be found with prop bets and futures bets. Ultimately the choice of platform comes down to which one you like the most, but going with one of the big guys like BetMGM, FanDuel, DraftKings, Caesars, etc. is always a safe bet.
DraftKings’ daily fantasy sports is available in Louisiana, though its sportsbook has yet to get established in the state. That is on the horizon, however, and early 2022 seems to be a rough target date.
FanDuel, much like DraftKings, is able to operate its Daily Fantasy content in the state. Its online sportsbook, however, won’t be accessible until 2022.