Best NBA Odds In Ontario

Legal Ontario online sports betting now includes industry-leading mobile sportsbooks. Local residents have the ability to use gaming apps such as BetMGM, BetRivers, and PointsBet. Now that they’re in the market, Ontarians can analyze the best odds in Canada and place wagers on National Basketball League games.

NBA Odds At The Best Ontario Sportsbooks

Different sportsbooks offer different odds. For instance, if you have a hunch about the Toronto Raptors winning the NBA Finals, you can find the best odds at DraftKings. While it takes some effort and patience to scan multiple books, we have a convenient tool below that displays the best odds available for the outright winner of the NBA Finals.

 

Mobile betting apps have special offers for new players. In Ontario, these may include free bets or deposit matches when opening an account. Therefore, you will want to stay abreast of when additional online sportsbooks enter the Canadian market.

Where Can You Bet On The NBA In Ontario?

Canadians can make wagers via online sportsbook apps now that sports betting has been legalized in the country. These are available through various lottery organizations. Commercial gaming operators are making their way into Ontario beginning in April 2022.

Any of these competitive sportsbooks will take bets on the NBA and the NBA Finals. While the odds will be similar across the different brands that become available in the Canadian market, you stand to benefit by finding the best available odds.

Popular brands are expected to launch in Ontario. They will provide strong odds and offers to entice new and returning bettors to their apps. However, one book’s particular special offer or odds may appeal to one bettor while the offerings of another book may attract another bettor. Therefore, it’s a good idea for you to familiarize yourself with multiple mobile sportsbooks.

DraftKings Sportsbook

DraftKings provides online bettors with a high-end experience, featuring competitive odds, a deep betting market, and the most highly-rated app in the industry.

BetMGM Ontario

MGM is one of the premier casino and sportsbook brands in the industry, and Ontarians can expect to have access to BetMGM’s user-friendly experience and attractive offerings.

Caesars Ontario

Of course, if you are looking for a brand name, Caesars is another strong one to consider. Plus, using the online sportsbook gives you access to Caesars Rewards, the best loyalty program in the industry.

How NBA Betting Odds Are Calculated

Among the most popular odds to bet are referred to as “money line” odds in which the number is accompanied by a minus (-) sign to indicate the favorite or a plus (+) sign to indicate the underdog.

For instance, in a game in which the Toronto Raptors are favored to win, their moneyline odds may be -120. In this case, a you will be required to put up $120 for the chance to net $100 in the event of a Raptors’ victory. 

If the Raptors are the underdog in a particular matchup, their odds may be +120. In this scenario, a bettor would put up $100 for the opportunity to net $120 for a Raptors victory. 

Sportsbooks set the opening lines, relying on a variety of factors to arrive at a particular number. Most commonly, odds are adjusted in relation to the money being bet on a particular side so the books can balance their risk. However, there are instances, such as an injury to a prominent player, that trigger significant line movement.

NBA Futures Odds

Different from an individual game, a futures bet commonly focuses on the odds of a team winning a championship, such as the Raptors’ NBA Finals odds are +13000 at FanDuel and +18000 at DraftKings. Futures odds are set following the conclusion of the previous season. These odds will fluctuate throughout the offseason and season based on a number of factors. A string of injuries or a key player acquisition can lead to a shift in these odds.

Most teams experience stretches of ups and downs. The Raptors are no different. They aren’t the same team that won the NBA Finals in 2019, and that is reflected in the long odds that they’ve drawn at sportsbooks.

What Types Of Bets Can Be Placed On The Toronto Raptors?

The aforementioned moneyline and futures bets are popular in the sports gaming industry, but they’re only scratching the surface. You will want to familiarize yourself with a number of different bet types.

Totals (aka “Over/Under”)

You can wager on the total score of a game finishing over or under the set number. If a particular game has an over/under of 210.5, you would want to see the two teams combine for at least 211 points.

Point Spread

A point spread bet takes a moneyline wager a step further. It requires a team to “cover” a set line. For example, if the Raptors’ line is set at -2.5, they would need to win their game by a margin greater than 2.5 points. In reality, that means they would need to win by 3 in order to cover the 2.5-point spread.

Conversely, if the Raptors are the underdog at +2.5, they would need to lose by no more than 2 points in order to cover. A 108-106 victory at -2.5 would cover the spread, but a 108-106 victory would not. Also, losing 108-106 at +2.5 would cover the spread, but losing 108-106 would not.

Parlay Bets

Up until the legalization of single-game bets, parlay wagers were the only way for Toronto bettors to get in on the action. In a parlay, a bettor will choose multiple bets for one ticket and each will need to hit in order for the parlay to pay off. The larger potential payoff from a winning parlay is appealing, but the increased odds reflect the heightened risk of this proposition.

What Is An NBA Futures Bet?

Different from an individual game, a futures bet commonly focuses on the odds of a team winning a championship, such as the Raptors’ NBA Finals odds are +1300 at FanDuel and +2000 at DraftKings. Futures odds are set following the conclusion of the previous season. These odds will fluctuate throughout the offseason and season based on a number of factors. A string of injuries or a key player acquisition can lead to a shift in these odds.

How To Place NBA Prop Bets

A prop bet is a wager placed on the occurrence of a particular event that doesn’t necessarily affect the outcome of a game. It can be tied to an individual player, such as an over/under bet on whether a player will score a touchdown, or it can be team-focused, meaning you could bet on which team would score first. There is a wide variety of prop bets from which bettors can choose.

A good place to start for player props is each sportsbook app. Individual game prop offerings are generally more plentiful during bigger and one-off events, such as the All-Star Game.

How To Bet On The NBA In Ontario

Generally speaking, each of the sportsbook apps that hit the market will require bettors to follow a few steps before placing any wagers. BetMGM Sportsbook is among the first mobile apps to hit the Ontarian market, and you can expect to follow these steps en route to submitting your first bet.

Download The App

Check our review on BetMGM in Ontario to see if it’s right for you. Claim a special offer available from the operator within the sportsbook review. This will direct you to sign up and download the app on the proper device.

Register For A New Account

The next step will require new users to register an account with the app. This process may require the disclosure of personal information including date of birth and address for identity verification purposes.

Make Your First Deposit

Once you are registered, click on the “Add Funds” tab at the top right of the main lobby. You’ll need to provide proof of age and identity before you can put money in your FanDuel Sportsbook account. There are a number of ways through which you can deposit funds. Three of the most common methods are debit/credit card, bank transfer, and PayPal.

Place Your First Bet

Choose the sport and matchup you’re looking to place a wager on. From there, click on a line, which should appear on the bet slip to the right. Next, enter the amount you want to bet, click on “Place Bet,” and then your wager should go through.

While certain processes may vary slightly from app to app, you can expect to follow a similar set of steps whether you are betting through FanDuel’s platform or another brand within the market.

How To Bet On The NBA Finals In Ontario

Futures bets allow you to wager on who will win the NBA Finals and other sports championships. However, betting on the NBA Finals won’t be limited to futures wagers or a bet on one particular side to win or cover. 

Once the playoffs begin, you will be able to wager on individual games and series throughout the postseason. As far as props are concerned, bets on various player and team accomplishments in individual games are often more prevalent during events like championship series.

Even in a province that doesn’t have a professional sports team, residents will be able to bet on the NBA Finals.

NBA Sports Betting Partnerships

FanDuel Sportsbook and DraftKings are co-official sports betting partners of the NBA. These deals come with a number of different terms, including the apps getting access to league data, marks, and logos.

The Philadelphia 76ers struck a team-level partnership with Caesar Sportsbook. There are a number of other team-level sports betting partnerships in other leagues, and more NBA teams could eventually join the mix.

NBA Odds FAQs

Do Canada’s sportsbooks offer bets on the NBA?

The commercial sportsbooks debuting in Ontario will offer wagering on the NBA. As one of the big four sports leagues, a sportsbook wouldn’t be able to consider itself a legitimate competitor in the market without offering odds and bets on the NBA.

Is FanDuel Sportsbook Legal In Ontario?

Yes. Online sports betting is legal in Ontario, and FanDuel Sportsbook has introduced its mobile app early on within the launch.

How popular is betting on the NBA?

Canada is home to five major league sports leagues including the NBA, which is immensely popular. The Toronto Raptors have adopted the role of “Canada’s Team.”

Does the NBA have any partnerships with a sportsbook?

The NBA partners with FanDuel Sportsbook and DraftKings, and it has named them co-official betting partners. The sportsbooks will have access to a variety of league marks, logos, and data.

Is DraftKings legal in Ontario?

Soon. Online sports betting is available in Ontario, but DraftKings hasn’t debuted yet. They are expected to launch at some point in April 2022.

Who has the best odds on the NBA?

There isn’t one specific book that has the best odds. You will want to shop across available apps to find the best odds on the individual matchups you would like to place a bet on.

About the Author

Craig Williams

Craig Williams is a Charlotte-based sportswriter who has worked professionally in the gaming, fantasy, and sports business industries. He’s an avid fantasy football player, managing over 100 leagues across multiple formats. When he’s not pouring over Vegas odds and statistics, he’s indulging in soccer and enjoys anything from LigaMX to Champions League.