2023-24 NBA Underdogs To Bet On Today

NBA underdogs represent a potential opportunity to cash in, particularly when oddsmakers have set a bad line. Below, you’ll see NBA point spread and moneyline underdogs for upcoming matchups. We’ll also explain how to bet on NBA underdogs at one of our recommended sports betting sites.

We’ve selected upcoming NBA matchups with 7 point or greater underdogs, along with +225 or greater underdogs. Though both tables will have many of the same games, there might be a few different games worth handicapping.

NBA Underdogs

Bonus
BetRivers Sportsbook#1 BetRivers
REVIEW
New Customers - 2nd Chance Bet up to $500 - Code: SPORTS
Bet Now
21+ Playable in VA only
Gambling Problem? Call 1-888-532-3500
BetWay Sportsbook#2 BetWay
REVIEW
New Customers - Bet $50, Get a $200 Bonus Bet
Bet Now
21+ Playable in VA only
Gambling Problem? Call 1-888-532-3500
BetMGM Sportsbook#3 BetMGM
REVIEW
New Customers - Up to $1500 Paid Back in Bonus Bets
Bonus Bets Expire in 7 Days
One new customer offer/Add'l Terms

Bet Now
21+ Playable in VA only
Gambling Problem? Call 1-888-532-3500

Table of Contents

Next NBA Underdogs

The following are NBA underdogs from upcoming matchups. The first table contains point spread underdogs, with a table of moneyline underdogs following afterwards.

Our system searches for underdogs using the sportsbook provided in the first column. So you might see numbers that don’t meet the search criteria from books in the second column and beyond.

Point Spread Underdogs

Here are NBA matchups with +7pt or greater point spread underdogs. Review each matchup carefully before placing a bet, particularly on a big underdog. In general, taking the point spread underdog is less risky than the moneyline underdog.

See our NBA odds page for numbers from all upcoming games.

Markets
Next NBA Games with Point Spreads >= +7
+ Displays more odds

Game
BetRivers Sports Betting BetRivers
Bet
BetMGM Sports Betting BetMGM
Bet

Moneyline Underdogs

The following are NBA matchups with +225 or greater moneyline underdogs. +7pt NBA underdogs generally correlate to a +225 moneyline.

Remember that a moneyline bet on a big underdog only wins if the underdog wins the game outright. As a result, this bet comes with more risk than a point spread underdog.

Be very careful about taking long shot teams despite the promising payout if you happen to get lucky.

Markets
Next NBA Games with Moneylines >= +225
+ Displays more odds

Game
BetRivers Sports Betting BetRivers
Bet
BetMGM Sports Betting BetMGM
Bet

Moneyline Break Even Win Percentages

The following table contains break even win percentages for moneyline underdogs. The percentage indicates the likelihood of breaking even when betting underdogs at the specified moneyline value.

For example, a +100 underdog is a 50-50 wager. If you lose your bet on a +100 underdog, you have a 50% chance of breaking even on the next +100 bet.

The bottom of the table shows why taking big underdogs isn’t always a good idea. If you lose your bet on a +4000 underdog, you have a 2.44% chance of breaking even on your next +4000 next bet. You could also subtract 2.44% from 100.00% to get a 97.56% chance of losing your next +4000 wager.

Chasing your losses on big underdogs is almost always a bad idea.

Moneyline Underdog Break Even Win Percentages
MLDecimalBE %
+1002.050.00%
+1102.147.62%
+1202.245.45%
+1302.343.48%
+1402.441.66%
+1502.540.00%
+200333.33%
+300425.00%
+400520.00%
+500616.66%
+10001109.09%
+20002104.76%
+30003103.23%
+40004102.44%
+50005001.96%
+1000010100.009%
BetRivers Virginia - 21+ Playable in VA only
Gambling Problem? Call 1-888-532-3500
New Customers - 2nd Chance Bet up to $500 - Code: SPORTS
Bet Now BetRivers Virginia

NBA Underdog Betting Tips

  • Note the odds on the point spread underdog, shopping around if the bet is too expensive.
  • Bet on underdogs using the moneyline when you’re confident they can win outright.
  • Bet on underdogs using the point spread when you’re less confident they can win outright.
  • Betting big underdogs to chase your losses or break even is always a bad idea.
  • Mispriced NBA underdogs are less likely compared to College Basketball, though not impossible.

How to Bet on NBA Underdogs

Time needed: 3 minutes

How to Bet on NBA Underdogs

  1. Create a new sports betting account.

    Register a new sports betting account with one of our legal NBA betting sites and deposit money. Use your Visa card or MasterCard, or deposit with a bank transfer, or other methods like Paypal.

  2. Review lines and odds for upcoming NBA matchups.

    Review point spreads and moneylines for upcoming matchups.

  3. Note matchups with big point spread and moneyline underdogs.

    Review games with +7 or greater point spread underdogs and +225 or greater moneylines. These figures offer bettors taking the point spread room for error, while those taking the moneyline the chance to earn a larger than average payout.

  4. Choose your bet and place a wager.

    Choose your bet and then use the funds you deposited to place a wager. The sportsbook will pay your winnings or deduct a losing wager from your account balance after the game.

BetRivers Virginia - 21+ Playable in VA only
Gambling Problem? Call 1-888-532-3500
New Customers - 2nd Chance Bet up to $500 - Code: SPORTS
Bet Now BetRivers Virginia

NBA Finals Futures

2023-24 NBA Championship Odds

Team
BetRivers Sports Betting BetRivers BetMGM Sports Betting BetMGM
Celtics
+120
Bet
+140
Bet
Nuggets
+250
Bet
+260
Bet
Clippers
+1200
Bet
+1300
Bet
Thunder
+1400
Bet
+1400
Bet
Bucks
+1600
Bet
+1600
Bet
Knicks
+1800
Bet
+1600
Bet
Timberwolves
+1800
Bet
+2000
Bet
Mavericks
+2000
Bet
+2000
Bet
Suns
+3000
Bet
+3000
Bet
Sixers
+3500
Bet
+3300
Bet
Lakers
+4000
Bet
+5000
Bet
Cavaliers
+5000
Bet
+4000
Bet
Pacers
+10000
Bet
+15000
Bet
Pelicans
+15000
Bet
+15000
Bet
Heat
+25000
Bet
+30000
Bet
Magic
+25000
Bet
+50000
Bet

FAQs

Why is a point spread underdog a safer bet than a moneyline underdog?

The underdog must win outright for you to win a moneyline bet, while the point spread allows you room for the underdog to cover. However, you’ll stand to collect a larger payout betting the moneyline if you’re confident the underdog can win outright.

What is an underdog moneyline break even percentage?

The underdog moneyline break even percentage indicates the likelihood of breaking even when betting underdogs at the specified moneyline value. You’re more likely to break even betting modest underdogs versus extreme underdogs.

What is the break even percentage for a +150 moneyline underdog?

The break even percentage for a +150 moneyline underdog is 40.00%. If you lose your first +150 bet, you have a 40.00% chance of breaking even on your next +150 moneyline bet. Do not chase losses betting big underdogs.

What is the break even percentage for a +200 moneyline underdog?

The break even percentage for a +200 moneyline underdog is 33.33%. If you lose your first +200 bet, you have a 33.33% chance of breaking even on your next +200 moneyline bet. Do not chase losses betting big underdogs.

When should you bet the moneyline underdog vs the point spread underdog?

Bet on underdogs using the moneyline when you’re confident they can win outright. Bet on underdogs using the point spread when you’re less confident they can win outright.

NBA Betting Resources

  • NBA Betting Guide – Learn how to bet on the NBA with point spreads, totals, moneylines, and exotic bets like parlays, teasers, prop bets and futures.
  • NBA Betting Sites – Hoops there it is! Dive into our list of highly recommended NBA betting sites just in time for the next big game.
  • NBA Odds – Latest odds for upcoming NBA matchups, including team NBA finals, conference, and division futures.
  • NBA Prop Bets – Learn how to bet NBA props. We also have prop betting lines and odds for upcoming NBA matchups.
  • NBA Underdogs – Review underdogs point spread and moneyline betting opportunities for upcoming NBA matchups.
  • NBA Futures Odds – Review odds for popular NBA futures events, including the NBA Championship, Eastern and Western conference winners, division winners, regular season MVP award, and other player awards.
  • NBA Win Total Odds – Review regular season win total lines and odds for each team. Remember to place you bet before each team’s first game of the regular season.
  • Undefeated NBA Teams – See which teams are still undefeated in the current regular season.
  • NBA Championship Betting – We explain the best bets for the NBA finals, plus you can see the latest NBA Finals futures.
  • Eastern Conference Win Totals – Season win totals for every NBA Eastern Conference team.
  • Western Conference Win Totals – Win totals for every Western Conference NBA team.
  • Halftime Middling – Learn how to make a bet a halftime that can’t lose. We explain how halftime middling can work for NBA and college basketball games.
  • Five-Game Rolling Average – Use a team’s five game rolling average stats to sharpen up your handicap analyses and making winning NBA bets.
  • NBA Team Betting Odds – Latest odds for each NBA team, including upcoming matchups, futures, and season specials.