Are you a sports fan in Ohio who’s interested in getting started with basketball betting? If so, then you’re in luck! As of Jan. 1, 2023, both retail and online sports betting will be available in Ohio. We’ll give you a short overview of what you need to know in order to get started with basketball betting in Ohio.
Where to Bet on Basketball in Ohio
There will be two options for betting on basketball in Ohio: retail and online sports betting. Retail sports betting will take place at casinos, racetracks, and other licensed locations throughout the state. Online sports betting will be available through licensed operators who offer mobile apps or websites for Ohioans to use.
How to Place a Bet on Basketball in Ohio
Placing a bet on basketball is relatively simple—whether you’re doing it online or in person at a retail location. First, you’ll need to find a licensed operator that offers the type of bet that you’re interested in. There are three main types of bets that can be placed on basketball games: point spread bets, moneyline bets, and totals (or over/under) bets.
Point spread bets involve placing a bet on the team that you think will win the game, while also providing points (or handicap) to the team that is expected to lose. For example, if the Cleveland Cavaliers are playing the Miami Heat and the point spread is Cavaliers -6, then you would need the Cavaliers to win by more than 6 points in order for your bet to pay out.
Moneyline bets are simply bets on which team will win the game outright, without any points beinginvolved. The odds for moneyline bets will be expressed as either positive or negative numbers. Positive numbers indicate how much money you would win if you bet $100, while negative numbers indicate how much money you would need to bet in order to win $100. For example, if the Cavaliers are playing the Heat and the moneyline odds are Cavaliers +120 / Heat -140, then you would need to bet $140 on the Heat in order to win $100—or you could bet $100 on the Cavaliers and win $120 if they were to pull off an upset victory.
Ohio Basketball Betting
Basketball betting is coming to Ohio starting Jan. 1, 2023! This is huge news for sports fans who love to gamble on their favorite teams. Just remember to gamble responsibly and always keep within your budget.