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Study the below odds for 7 teams to win the NBA Championship. Then, read about how bookies can profit from NBA Championship future betting.
NBA Championship Future Odds
- Golden State Warriors -195
- Boston Celtics +500
- Houston Rockets +850
- L.A. Lakers +1000
- Toronto Raptors +1400
- Philadelphia 76’ers +1600
- Oklahoma City Thunder +3000
How Can Bookies Encourage NBA Sportsbook Profits?
Based on the above odds what do you think bookies should do first?
If you don’t know the answer, it’s okay. Profiting from a sportsbook business isn’t the same as running a sportsbook. Running a sportsbook means you offer wagering services to sports bettors.
Profiting from a NBA sportsbook business means that you manage betting action. You can manage action on the NBA Championship by setting max betting limits on every possible betting option.
However, to make the most profit, you don’t set the same max betting limits on every team.
Look at the odds again. Golden State offers below even money odds. Heck, the Warriors offer close to 1 to 2 odds. Boston is a solid second choice at +500.
The Rockets are a solid third choice at +850. The Lakers are a solid fourth choice at +1000.
The odds jump from the Lakers to the Raptors a full +400. Because +400 equates to 4 to 1, pay per head agents shouldn’t just laugh the odds difference off.
The Raptors are a much bigger dog to win the NBA Championship than the L.A. Lakers.
The difference in odds between the Lakers and Raptors signals to bookies about how they might want to manage NBA Championship betting action.
A Risk-Averse Approach
The chances of any team outside of the Lakers, Rockets, Celtics and Warriors winning the NBA Championship isn’t great. However, it’s not so out of the realm of possibility that bookies can allow players to wager as much money as they want on a team like Oklahoma City.
In a risk-averse approach, bookies might set a $200 betting limit on any NBA Championship betting options. They might even go as low as $100.
Risk-averse bookies set the betting limit. If all the money goes onto the Golden State Warriors, at least they know how much they stand to lose should the Warriors win.
An even more risk-averse approach is to set a $200 max betting limit on the Warriors, Lakers, Rockets, and Celtics. Then, set a $100 limit on the Raptors, 76’ers and Thunder.
Bookies can also strive to attract action on teams other than the Golden State Warriors.
They do this by setting $100 max betting limits on the Golden State Warriors. Then, they set a $200 betting limit on any team other than the Warriors. They offer to add 10% to any winning wager on any team other than the Warriors.
That should attract action on teams other than Golden State. If Golden State does win the NBA Championship, bookies could make a profit windfall.
Being set up with the right tools, and the right team, will help any level bookie create a sportsbook empire they can retire on.