Ohio’s sports betting industry looks to finally be gaining steam. During a meeting held on June 1, the control board announced the official launch date of sports betting will be January 1, 2023. Ahead of the meeting, it was expected for the launch date to be close to or on the January 1 deadline set by the passage of HB29 by Gov. Mike DeWine.
While this timelines does not allow for Ohio fans to place bets on their favorite teams like Cleveland Cavaliers before the NBA Finals this year, get familiar with everything you need to know about the current odds in Ohio.
Current NBA Finals Odds In Ohio
The NBA Finals tip off Thursday, June 2 in San Francisco with the home team the Golden State Warriors taking on the Boston Celtics.
According to DraftKings, the Warriors are the -150 betting favorite to win the NBA Finals while the Celtics are being dealt at +130. Below is how this compares to other platforms across the industry.
|Team||DraftKings Odds||FanDuel Odds||BetMGM Odds|
Where Can I Bet On The NBA Finals In Ohio?
Currently, Ohio residents are not able to bet on the NBA Finals. With the launch of sports betting coming on January 1, 2023, fans will have to wait until the following season to wager on the NBA Finals.
Ohio’s sports betting legislation doesn’t impose any major restrictions on the types of sports wagers that can take place, nor does it require in-person registration for online sports betting accounts. However, you’ll need to stay abreast of the situation as it develops and as details about sports betting come to light.
Betting On The NBA Finals Online In Ohio
Following the launch of sports betting next year, it’s very likely that Ohio sports betting fans will be able to bet on the 2023 NBA Finals and other sporting events online using mobile devices without many, if any, limitations. Mobile apps in addition to desktop platforms should be permitted. While tethering may be required for operators to launch in Ohio, players shouldn’t need to visit an in-person casino or sports arena to complete the registration process.
Starting in 2023, betting on the NBA finals online should be quick, simple, and convenient. Furthermore, we expect top Ohio sports wagering app, such as DraftKings Sportsbook, FanDuel Sportsbook, and BetMGM, to provide live betting opportunities for NBA sports betting fans. Some of the best sports wagering apps will include generous opening bonuses, excellent interfaces, and special promotional opportunities revolving around upcoming NBA matches.
Sportsbook Locations In Ohio
These retail locations will allow sports fans to place bets on future NBA Finals and other NBA games. However, given the realities of constructing retail sportsbooks, don’t expect these locations to be up and running until 2023 at the earliest.
Furthermore, we don’t know whether the retail sportsbook locations will be fully tethered to online sports betting operators. For example, partnerships could be drawn up for purely economic success, or online sportsbooks may be legally required to have a retail partner to offer online sports wagering in Ohio.
History Of Cleveland Cavaliers Championships
So far, the Cleveland Cavaliers only have won a single NBA championship, which was in 2016. Facing off against the Golden State Warriors, the Cleveland Cavaliers came back from losing 3-1 against the Golden State Warriors. Then they took the championship for good, marking the first time a Cleveland sports franchise had won a major title since 1964.
However, the Cleveland Cavaliers have come close to championship gold many times. In fact, the Cavaliers have 22 different playoff appearances under their collective belt, in addition to seven Central Division titles and five Eastern Conference titles. It seems that the Cavaliers are becoming more competent and more likely to win consistent championships as time goes on. This may explain how their odds to win the NBA Finals are higher this year than in several previous years.
NBA Finals Odds And Betting
The NBA finals are a series of championship games that draw attention from around the country, and the games drive a lot of sports wagering action when they come around. Whether you are a newcomer to sports betting or an experienced sports wagerer, it’s important to understand how NBA Finals odds and betting works so you can take advantage of profitable betting lines.
You should be able to put your money down on the Finals betting odds using mobile or retail sportsbooks when they eventually launch in Ohio. If you want to bet on the NBA Finals specifically, there will be two major types of wagers you can make.
What Is A NBA Finals Futures Bet?
The first of these is a futures bet. NBA finals futures bets revolve around the overall outcome of the championships, not necessarily the outcome of a single game. Although some futures bets do focus on individual game outcomes.
NBA Finals futures bets contain betting odds with positive or negative symbols next to individual teams. Teams with a “+” are considered the underdog teams, and the odds next to them tell you how much money you will win in net profits if you wager $100.
Teams with a “-“ sign are considered the favored teams to win. The numbers next to these signs tell you how much money you need to wager to win $100 in net profits. Here’s an example:
- Cleveland Cavaliers +8000
- Golden State Warriors -5000
In this case, you can win $8000 by wagering just $100 on the Cleveland Cavaliers. But you would need to wager $5000 on the Golden State Warriors to make $100 in net profits since the Warriors are much more likely to win the NBA Finals than the Cavaliers.
Finals futures bets have odds that frequently fluctuate throughout the season. They start off high and will gradually decrease as the number of teams in the running gets lower and lower. Therefore, you have a higher opportunity for a massive payout if you put your money down earlier in the season as opposed to later.
What Is An NBA Finals Prop Bet?
The other major type of bet is a prop wager. Also called proposition bets, these bets revolve around single events or minor incidents during the finals or a specific game, such as whether your favorite player will make a three-pointer shot and whether a player will injure a knee. Other examples of prop bets include:
- Whether a player will be flagged for bad behavior
- Which player will be named MVP at the end of the season
- Whether a player makes a certain number of goals in the final game
Prop bets are great ways to enjoy wagering action during the NBA Finals without worrying so much about who ultimately wins the game. They are accessible and great for newcomers to sports betting given their simplicity.
How NBA Finals Betting Odds Are Calculated
When it comes to calculating the Finals betting odds for NBA matches, oddsmakers, who are essentially professional statisticians, take their jobs very seriously.
These statisticians gather official sports league data and come up with entertaining, dynamic betting odds for those who want to wager on the favored team to win and underdogs alike. The betting odds are usually calculated behind closed doors, but oddsmakers for different operators or sports betting apps are usually using the same data. Therefore, betting lines for any given NBA match will be similar across platforms even if there are some minor differences.
However, if you engage in live betting on a mobile sportsbook, note that live betting odds are formulated using special algorithms. It would be impossible for real people to come up with sports betting odds so quickly, so algorithms do the best job to provide good betting action in the middle of a match.
How To Place Online NBA Finals Bets In Ohio
When online sportsbooks finally come to Ohio in 2023, those wanting to place a bet for the NBA finals should follow the steps below:
- First, you’ll download your chosen sportsbook to your iOS or Android device. Thankfully, most top-tier betting apps these days are available on both types of operating systems.
- Then you’ll need to register for a sportsbook account. You likely won’t need to live in Ohio to use an Ohio sportsbook, but you will need to provide some other information so the operator can verify your identity.
- Next comes funding your account, which can typically be done using PayPal transfers, credit or debit card transfers, and other electronic methods. The exact method available will vary from book to book.
- Don’t forget to take advantage of any opening bonuses that may apply to the sportsbook in question!
- Once you’ve done all that, odds are any sportsbook with NBA Finals bets will be advertising those on the home screen. You can navigate to your betting line of choice, put your money down, and see if your wager is successful
Keep in mind that final registration requirements for mobile sportsbooks in Ohio are still being decided upon. Thus, the above process could be slightly different between now and when sports betting really launches this year.
Betting Odds For The NBA Finals FAQs
No, as there are no legal sports betting venues where you can put down your money on the NBA Finals. However, legal sports betting as an industry is progressing rapidly in this state. While it’s possible that you may be able to bet on the NBA finals for 2022, the 2023 season is a more likely result.
Eventually, you’ll be able to bet at retail sportsbook locations alongside mobile betting apps provided you are within state lines. It’s more likely that mobile betting apps will launch before their retail counterparts.
It can be safe if you use a licensed and registered mobile sports betting app or website. Illegal or offshore betting apps are never worth your time and money and could be risky.
Once sports betting is up and running, you’ll need to be 21 years of age or older to bet on the NBA Finals and other sporting events in Ohio.
Most quality licensed sportsbooks will offer live betting through their mobile or desktop platforms.
The current favorites for the NBA Finals are the Brooklyn Nets. However, the season is still in full swing, and a lot could change before the Finals arrive.