Las Vegas Odds

Views Read Edit View history. In practice, however, the location of the target audience will have some impact on this. A prop bet is a single wager on something that is not directly related to the outcome of the game. Best NBA Betting Sites

Point Spreads

Sports Betting Odds 101

To determine the winner, fourteen ping pong balls numbered 1—14 are placed in a standard lottery machine and four balls are randomly selected from the lot. Just as in most traditional lotteries, the order in which the numbers are drawn is not important. That is, 1—2—3—4 is considered to be the same as 4—3—2—1. There are a total of 1, combinations or 14! Of these combinations, one outcome is disregarded and the remaining outcomes are distributed among the 14 non-playoff NBA teams.

The combination 11—12—13—14 in any order that those numbers are drawn is not assigned and is ignored if drawn; this has never occurred in practice.

In the event a lottery pick is traded to another team, the record of the original team whose pick it was before the trade still determines eligibility for the lottery, and assignment of chances.

Since , with 30 NBA teams, 16 qualify for the playoffs and the remaining 14 teams enter in the draft lottery. These 14 teams were ranked in reverse order of their regular season record and assigned the following number of chances, up to The following table listed the odds for each seed to get specific picks if there were no ties rounded to three decimal places. The following table lists the odds for each seed to get specific picks, beginning with the draft, if there were no ties rounded to three decimal places.

In the event that teams finish with the same record, each tied team receives the average of the total number of combinations for the positions that they occupy. The average of the 6th and 7th positions in the lottery was taken, resulting in each team getting 53 combinations the average of 63 and Should the average number not be an integer , a coin flip is then used to determine which team or teams receive the extra combination.

The result of the coin flip is also used to determine who receives the earlier pick in the event that neither of the tied teams wins one of the first three picks via the lottery. The balls are placed in the machine for 20 seconds to randomize before the first ball is drawn. The remaining three balls are drawn at second intervals. NBA officials determine which team holds the winning combination and that franchise is awarded the 1 overall draft pick.

The four balls are returned to the machine and the process is repeated to determine the second and third picks. In the event that a combination belongs to a team that has already won its pick or if the one unassigned combination comes up , the round is repeated until a unique winner is determined. When the first three teams have been determined, the remaining picks are given out based on regular season record with the worst teams getting the highest picks.

This assures each team that it can drop no more than three spots from its projected draft position. In a case where a lottery team trades its pick to a playoff team, the playoff team assumes the lottery team's position in all draft lottery situations, unless provisioned by the conditions of the trade.

The drawing of the ping-pong balls is conducted in private, though observed by independent auditors and representatives from each team. The results are subsequently presented in a short ceremony typically broadcast prior to or during halftime of an NBA playoff game , in which the order of the lottery is announced in reverse order, from the fourteenth selection to the first.

Representatives from each NBA franchise with a lottery pick are present at the lottery ceremony. The decision of not showing the ping-pong balls live has fueled speculation that the NBA will occasionally fix the draft lottery if it can benefit the league. The speculation originated with the draft lottery that sent Patrick Ewing to New York, with the theory being that the NBA wanted to send the best player in the draft to New York to increase ratings in a large television market.

At that time, the NBA used 7 envelopes in a tumbler representing the seven teams with the worst record. Some have speculated [15] [16] [17] that the envelope containing the Knicks logo was refrigerated beforehand, enabling David Stern to recognize and select it.

Another conspiracy theory suggests that one of the seven envelopes was thrown into the tumbler, causing one of the corners to fold. After the envelopes were mixed, Stern took a deep breath before reaching into the tumbler and picking the envelope with the folded corner.

Afterward, the Draft Lottery Format was changed to the current ping-pong ball lottery in a private room with team representatives. However, despite the lack of any evidence, conspiracy theories still persist regarding the annual outcome of the lottery. The largest upset in the lottery occurred in when the Magic won the lottery with just a 1. The second largest upsets occurred in and when the Chicago Bulls and Cleveland Cavaliers both won their respective lotteries with just a 1.

The Hornets only had a 1. The Los Angeles Clippers have won five lotteries, although two of them were conveyed to other teams in trades prior to the lottery.

The Orlando Magic and Cleveland Cavaliers are second with three lottery wins each. Since the weighted lottery system was introduced in , only four teams with the worst record went on to win the lottery while only four teams with the second-worst record have won the lottery. From Wikipedia, the free encyclopedia. National Basketball Association criticisms and controversies.

Therefore, their lottery combinations for the first pick were excluded. With moneyline wagers you are betting on the outright winner of the game without taking the point spread into consideration. There are still favourites and underdogs, but instead of this being expressed by a point spread, the teams are given different odds to win the game. For example, if the Clippers were playing the Lakers, the Clippers would likely be the underdog, which means you would win a greater amount of money by betting on the Clippers than the Lakers.

The Lakers odds would be something like or 1. Point spreads are the handicap that the sports book gives to the underdog. Instead of just winning, the favourite must win by more than the point spread, or the underdog must lose by less than the spread to win the wager. Let us explain in more detail: Therefore, this is how the NBA line would look:. Remember, the team with the minus - sign is the favorite and the number listed after is how many points they are favored by. That means you could bet on L.

A wager on Chicago would score for you if the Bulls either prevail outright, or lose by less than 6 points e. In the example above, both numbers are which is fairly typical. This number does change on occasion, so be sure you check it before placing a wager. The only caveat is that you will need to wager more on a favorite to receive a substantial payoff, while a winning underdog comes with a better payout.