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Basketball World Cup Odds (Basketball - World)

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World - Basketball World Cup

30 Aug 09:30
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What are the odds for a Basketball World Cup match?

Are you a basketball fan who wants to use your knowledge for sports betting? Then it is important for you to know everything about the Basketball World Cup odds. You can then place reliable bets with the help of your knowledge and you will be able to make a difference at the bookmakers.

In order for you to generate winnings on the 2023 FIBA Basketball World Cup, you will need to master the concept of odds at sports betting sites. First, we’ll simply explain their purpose. Odds have a dual purpose in sports betting. Not only do they allow you to know the potential winnings of your bet, but they also allow you to determine the probability of an outcome of a World Basketball Championship game, or any event for that matter. The odds are in fact the result of probabilities and will vary according to the percentage of chance for an outcome to take place. Thus, the lower the odds, the higher the probability of an outcome occurring. Conversely, high odds mean that the outcome is more unlikely to occur. High odds give you high winnings but low chances of success. Low odds will win you less money on a bet but have a higher chance of winning. So each bettor has to find the strategy he or she prefers to be able to win at sports betting.

Let's take the example of a World Cup basketball match between Serbia and the USA to help you understand this idea. In this match, the odds on the five-time world champion Team USA winning would be at fairly low odds (e.g. 1.65) as they would be favourites on paper and the score and it’s fairly logical for them to ultimately come away with a win. On the other hand, Serbia would be given slightly higher odds (e.g. 2.30) with their underdog status in the match. Here you can see the importance of the odds and why some teams have a lower win probability than others. It's all about the odds.

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2023 Basketball World Cup odds and potential winnings (sports betting)

Now that you know what the Basketball World Cup odds are, let's move on to the second purpose of these odds in sports betting: knowing your potential winnings. Are you looking for the calculation to find out what the potential winnings from your bets will be? Here it is: (Odds x Stake = Winnings). Every time you want to place a bet on the Basketball World Cup, you need to apply this formula. To make your life easier, the sports betting sites do this for you and you can see the potential winnings of your bet slip before you confirm the wager. This way you can see what the potential payout is for your bet and the odds that will change it.

To illustrate this, let's use our example of the USA vs Serbia game, where a punter wants to bet £100.

  • For a Team USA win: Odds of 1.65 x £100 bet = £165 in potential winnings
  • For a Serbia win: Odds of 2.30 x £100 stake = £230 potential winnings

As you can see from this example, betting on an underdog will pay you more money than betting on a favourite. This is normal because, as a reminder, the odds are a reflection of probabilities and therefore a team with a higher chance to win will make you win less money. This makes sense. Now it's up to you to find where the bookmakers may have miscalculated with their odds, allowing you to make money in the long run. Both big and small odds can be profitable if you select them well. This is where analysis plays a vital role for punters. We are going to reveal a formula to help you find the best odds to play in each match of the 2023 FIBA Basketball World Cup.

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Estimated odds (Basketball World Cup games)

Do you need some help in finding the best odds to play for the Basketball World Cup? Follow what is explained in this paragraph, as it will definitely help you when placing your bets. By using the formula odds = (1/quote) x 100, you will be able to find out the bookmaker's estimate for a bet. This will give you a percentage chance of a bet winning which you can then use to make your own estimation. If there is a significant difference between your estimate and the bookmaker's estimate, and the odds are favourable, then the bet is worth taking. Let's use another example to illustrate this concept. In an evenly matched contest between France and Australia, the odds of each team winning are 1.90. However, Australia is without two of its key players for this match due to injuries, lowering its chances of winning. With this information, you would expect France to be favourites.

  • (1/1.90) x 100 = 52,63. According to sports betting sites, France has less than a 53% chance of winning against Australia.

Does this percentage seem too low to you after this important information? Then don't hesitate, bet on France! The bet is worth it because the potential gains are worth the risk. The odds can change over time and the odds on France could fall as a result of this information. It is therefore worthwhile to lock in the bet as soon as possible, if you deem the odds good enough to take, of course.

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Betting on basketball: why is it useful to compare the odds of the 2023 Basketball World Cup?

Another important detail to know when you are interested in 2023 World Cup basketball odds is that the odds vary depending on the sports betting site, whether it is pre-game or live (there can be a big difference depending on the quarter). By comparing the odds between the different sites, you can sometimes see big differences, whether in the first round or during the final stages. It is therefore possible for punters to benefit from better odds for the same bet by choosing the site with the best offer. As a result, the potential winnings are higher by choosing this operator while the risk is the same. Let's illustrate this with the example given earlier:

  • I bet £100 on France vs Australia, at odds of 1.90 at Bet365 = I can win £190
  • I bet £100 on France vs Australia, at odds of 1.85 at 1xBet = I can win £185
  • I bet £100 on France vs Australia, at odds of 1.75 at BetObet = I can win £175

As you can see at a glance, the difference in winnings can be significant depending on which bookmaker you choose to bet on. In the long run, you could see a big difference in winnings just by comparing the odds at the bookmakers. Don't make the mistake that most punters do, always select the best possible available odds to maximise your winnings in sports betting, especially on this 2023 Basketball World Cup.

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How does our Basketball World Cup odds comparator work?

Our Basketball World Cup odds comparator will be of great help for all bettors. Now, there’s 

no need to waste time looking at the odds on the sports betting sites one by one, our solution allows you to find the odds of the bookmakers all in one place. In an instant, you can find out which bookmaker offers the best odds on a match and you can then bet on that site to get the best possible winnings.

The way our odds comparator works is simple because it updates the odds in real time to allow you to get the best value at any given moment. As we showed you in the previous paragraph, not taking the best odds on every World Cup basketball match can wind up costing you a good bit of money. Indeed, taking the best odds allows you to win extra money compared to taking lower odds, without taking more risks. Why not when you have free help at your disposal? Do you want to enjoy the best odds during the tournament as easily as Stephen Curry makes a three-point shot? Don't miss our odds comparison and optimise your winnings during the 2023 Basketball World Cup! You can also consult our basketball prediction page to assist you in your future predictions!

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Basketball World Cup prediction and victory odds: bet on the future winner of the competition

To complete their sports betting offer on the World Cup basketball matches, the bookmakers also allow you to bet on the future winner of the competition. This type of bet, which is longer term, not only allows you to benefit from good odds, but also reduces the risk of your bet as it is played over the whole tournament and not just over 40 minutes. If the team you bet on is far superior to the others, they will likely be able to prove it over a larger sample, even if they lost a match in the group stages. Here is a small example with the betting odds on the winner of the 2019 Basketball World Cup, before the competition started:

  • I bet £100 on a USA win (1.33) = I can win £133
  • I bet £100 on Serbia to win (5.50) = I can win £550
  • I bet £100 on a Spain win (15.00) = I can win £1500
  • I bet £100 on a Greece win (20.00) = I can win £2000
  • I bet £100 on a France win (25.00) = I can win £2500
  • I bet £100 on an Australia win (30.00) = I can win £3000

As you can see, there are odds of different values, and therefore some good bets to try on this competition. In the last edition of the Basketball World Cup, it was Spain who won the title. The punters who played the odds of La Roja at 15.00 could therefore make good money! Don't hesitate to bet on the final winner of the 2023 World Cup, there are some good bets to be had at the bookmakers. If you prefer to wait until the competition starts to gauge the level of the teams before betting on the future winner, remember that you can find the Basketball World Cup livescores on this page!

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Wincomparator's advice: sign up with as many bookmakers as possible for the 2023 Basketball World Cup!

You now know the concept of betting odds and how to compare them. To be able to play the best odds on each match of the 2023 Basketball World Cup, you will now have to have an account with as many of the online sports betting sites as possible. Indeed, if you don't have a player account with the bookmaker that offers the best odds on a match, you won’t gain much from the odds comparator tool and you will find yourself missing out on some profitable opportunities. This is why it is important to register with as many bookmakers as you can on the market. This way you can always take advantage of the best available odds and win the highest amount possible. In addition, online betting sites offer their new players a welcome bonus. What more could you want? Our ranking of the best bookmakers helps you to choose the sites that offer the best odds and the best service. You are now well prepared to bet on the 2023 Basketball World Cup!

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