Bet on the NBA with Bitcoin at Cloudbet

The NBA returns to our screens on October 18th, 2022 following another enthralling season over 2021/22. Golden State Warriors clinched their first NBA Finals victory since 2018 with a 4-2 win over Boston Celtics.

The Warriors will have to fend off fierce challenges from several contenders this season, including last year’s finalists Boston Celtics, Milwaukee Bucks, Brooklyn Nets and Los Angeles Clippers.

Along with the champions Golden State Warriors, you can bet on Boston Celtics, Miami Heat, Los Angeles Lakers and all other NBA teams with bitcoin.

Bet on the NBA with crypto at Cloudbet by signing up here. Lay your bet on the NBA with Bitcoin and other cryptocurrencies and get the fastest transactions, lowest fees and best betting odds.

‍What? The 2022/23 NBA Season

This will be the 77th season of the National Basketball Association (NBA).

Who and Where? 82 games involving 30 teams across the United States.

The NBA is divided into two conferences, Eastern and Western, which each have 3 divisions made up of 5 teams.

When? Tuesday 18th October, 2022 – June 2023

The regular season will commence on 18th October and conclude on 9th April, 2023. The Playoffs will begin a week later on 15th April, followed by the NBA Finals kicking off in June.

Cloudbet NBA Markets Include:

·   NBA Finals winner

·   Divisional champion

·   Game odds

·   Over/Under odds

·   Stage of elimination

·   Individual/Coach awards

·   Inplay betting

How to bet on the NBA: Start your NBA betting with Bitcoin and other cryptocurrencies with Cloudbet.

Click the link below and explore our wide selection of betting markets for the NBA.

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Preview: The 2022/23 NBA Season

The NBA Finals 2022 in June concluded with Golden State Warriors claiming their 4th NBA championship in 8 years and first since 2018. 

The San Francisco side turned around a 2-1 deficit against Boston Celtics with three wins on the bounce, with Stephen Curry named as Finals MVP for the first time in his decorated career.

Last season’s finalists Boston Celtics are the pick for many this season, but there are challenges from other exciting sides in the likes of Milwaukee Bucks, LA Clippers and Brooklyn Nets to contend with.

Frontrunners for the NBA 2022/23 Championship

Boston Celtics (6.57)

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The Boston Celtics had it all in their hands after making it 2-1 in the NBA Finals, but ultimately three losses on the trot left them empty-handed. This was the first Finals appearance for the Celtics since 2010 as they chase their first championship in 15 years.

The Celtics have had an unstable offseason since their Finals defeat following allegations against second-year head coach Ime Udoka, leading to his suspension just weeks before the regular season.

Nonetheless, Boston begin the season as favorites to go one better than last year’s effort. The addition of Malcolm Brogdon this summer complements a strong roster, with Jayson Tatum and Jaylen Brown expected to put in standout performances this season.

Milwaukee Bucks (7.10)

The Milwaukee Bucks ended a 40-year drought by winning the NBA Finals in 2021, defeating the Phoenix Suns 4-2 after pulling back a 2-0 deficit. 

Two-time MVP winner and star forward Giannis Antetokounmpo will need to continue his sensational form should the Bucks make it to the Finals.

It has been a relatively stable offseason for the Bucks after bringing back Bobby Portis, Pat Connaughton and Wesley Matthews to their roster. With a fully healthy squad this season, expect a strong Playoff performance from the Milkwaukee Bucks.

Golden State Warriors (7.67)

Golden State Warriors made it to five consecutive finals between 2015 and 2019, losing just once in 2016 to Cleveland Cavaliers. However, they failed to make the Finals in two consecutive years in 2020 and 2021 before their triumphant return last year.

Despite the likes of reigning MVP Steph Curry and Draymond Green continuing to work their magic, the Warriors start the NBA 2022/23 season as third favorites to win the championship.

With experience and proven championship mentality, Golden State can prove the dynasty isn’t coming to an end by stringing together its second back-to-back championship win.

Brooklyn Nets (8.46)

The Brooklyn Nets are the fourth favorites to win the NBA Finals this season despite not having reached the stage for almost two decades. Their last two seasons have ended in misery with 4-0 defeats to Boston Celtics and Toronto Raptors in the first round of the Playoffs.

While their fortunes may not have skyrocketed as predicted since signing Kevin Durant and Kyrie Irving back in 2019, the Nets still have two of the best players in the world and should be in the mix come Playoff season.

Los Angeles Clippers (8.46)

The LA Clippers can put last season’s Play-In disappointment behind them following the expected recovery of star forward Kawhi Leonard. Their fortunes will depend heavily on the rehabilitation of Leonard, who tore his ACL in 2021 Playoffs and missed the entirety of last season. 

While the Clippers sealed the signature of five-time NBA All-star point guard John Wall in the off-season, they lost perhaps their best defensive player in center Isaiah Hartenstein.

The Clippers notably defeated rivals Los Angeles Lakers in all four games last season for the battle of LA’s best team, demonstrating their big-game mentality under coach Tyronn Lue.

Dark Horses - Outsider Bets

Philadelphia 76ers (16.90)

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The Philadelphia 76ers have been threatening a run in the Playoffs for a while now but never quite got things going post-season. Defeat to Miami Heat in the Conference Semifinal last season was the 4th time in 5 years the 76ers have exited at this stage.

Keep an eye on the condition of Joel Embiid, clearly one of the best players in the division but let down by his fitness in the past. The center finished last season at the top of the scoring charts and averaged over 30 points a game.

Los Angeles Lakers (18.20)

While the Lakers may have finished 11th last season and failed to make any big moves in the off-season, the team still boasts the likes of four-time Finals MVP LeBron James and Russell Westbrook.

With just the sole 2020 Finals appearance in over a decade, the LA Lakers have struggled in the shadow of Californian rivals Golden State Warriors. Could this be the season when the Lakers finally get it going again?

MVP Regular Season Picks - Who Will be the Best?

Luka Doncic - Dallas Mavericks (5.98)

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Slovenian standout Luka Doncic is the favorite to be crowned MVP in the regular season having been named in three consecutive NBA All-Star First Team’s since his breakthrough season in 2018/19.

Boasting perhaps the best passing in the league, Doncic is also extremely agile for his 6”7 frame and was hitting over 28 points a game last season.

Joel Embiid - Philadelphia 76ers (6.14)

Philadelphia 76ers center Joel Embiid led the scoring charts in the NBA last season, becoming the first center since Shaquille O’Neill in 2000 to achieve the feat. 

Expect the 7ft Cameroonian to continue his All-Star form this year if he can stay fit. His health issues may behind him after reaching a career-high 68 games last season.

Giannis Antetokounmpo - Milwaukee Bucks (8.22)

Giannis Antetokounmpo won back-to-back MVP awards in 2019 and 2020 and will look to join an exclusive club of just 8 other players with three or more MVP crowns.

The power forward finished the regular season with a career-high 29.9 points per game and continued his explosive form in the Playoffs, averaging 31.7 points per game.

Cloudbet Selections: 

Eastern Conference Winner: Milwaukee Bucks – (4.22)

With the ongoing turmoil behind the scenes at Boston Celtics disrupting their season before it’s even begun, expect the Milwaukee Bucks to be in a strong position to capitalize, particularly over the course of a season.

The Bucks have fourth-consecutive All-NBA First Teamer Giannis Antetokounmpo complemented by a spine consisting of the likes of Bobby Portis, Khris Middleton and Jrue Holiday putting in consistent performances.

Rookie of the Year - Paulo Banchero (2.92)

Orlando Magic picked up Paulo Banchero as first overall draft pick following the Italian-American’s sensational college performances. The ACC Rookie of the Year is the standout favorite to do it again in the NBA. 

Coach of the Year (regular season) - Tyronn Lue (10.40)

Tyronn Lue has already shown flashes of his magic by leading a resurgent LA Clippers side to their first Conference Finals. Lue made headlines after leading Cleveland Cavaliers to glory in 2016 before returning for his second spell at the Clippers in 2019.

To bet on the NBA with crypto, view Cloudbet’s current odds on the NBA and explore the wide selection of markets.

Sign up to Cloudbet today and bet with Bitcoin and several other cryptocurrencies.

Why Bet Using Bitcoin and Other Cryptocurrencies?

Betting with Bitcoin and other cryptocurrencies offers many advantages compared to betting with fiat currencies: 

·   Faster transaction speeds

·   Superior level of privacy

·   Transactions are separate from the global banking system

·   Fewer restrictions on who can use the payment method

·   Fees are usually much cheaper

·   Use Cloudbet's brand new cash-out feature, which lets you cash out at any time during the game! 

Place your bets on the NBA 2022/23 season with Bitcoin and crypto. We accept a wide range of cryptocurrencies and are always adding to our accepted currencies.

Sign up with Cloudbet today and place your bets on the NBA with crypto!

Bitcoin betting primer

There are several ways bitcoin can be used for betting.

With the birth of the internet, betting quickly moved online facilitated by traditional payment methods like bank and credit cards, as well e-wallets like Neteller or Paypal. The advantages that bitcoin has for betting over these traditional methods has seen rapid adoption by sportsbooks, but not all are as they seem.

Some traditional sportsbooks (working with fiat currencies, dollars and euros) - market themselves as accepting bitcoin but this is for deposit only. Your bitcoin is converted into Euros or Dollars for betting, and then back again when you want to withdraw. This has many drawbacks.

Cloudbet operates differently, as we are a pure bitcoin sportsbook. You deposit in bitcoin and can then bet on the NBA in bitcoin. This also means that your bets are paid in bitcoin, and subject to its fluctuation (and potential appreciation) making it in effect two bets in one. You are then able to take advantage of ease of transaction with bitcoin by instantly withdrawing any winnings. With the primer out of the way, let’s run through the markets available for betting on the NBA with bitcoin.

NBA bet types - Spread, Money Line & Totals

The Spread is the most common way to bet on the NBA at Cloudbet. A Spread essentially accounts for the number of points each side is expected to win or lose by to artificially create an even matchup. A Team with a negative spread - such as -10 points - is expected to win by that margin; conversely the opposition receives 10 points to balance the expectation that they will lose by that number.

An NBA Spread might therefore look like this:

• Washington Wizards (-2) 1.95 - €10 stake returns €19.50 [€10 stake + €9.50 profit]
• Toronto Raptors (+2) 1.95 - €10 stake returns €19.50 [€10 stake + €9.50 profit]

In the case above, to win a Spread bet on the Wizards as favourite (-2) they must win by at least three points to exceed our expectation - called covering the spread. To win on the Raptors - the underdog - they must win the game, or lose by less than one point to cover the Spread. If the favourite wins by two points (so the underdog loses by exactly two points) it would be graded a push and Cloudbet would refund all bets.

A Spread essentially accounts for the number of points each side is expected to win or lose by to artificially create an even matchup.

A Spread essentially accounts for the number of points each side is expected to win or lose by to artificially create an even matchup.

NBA Total

An NBA Total bet - also known as an Over/Under - is a bet that the expected aggregate points total of a game will be Over or Under the number set by Cloudbet. The Total enables you to focus just on the number of points a game will produce rather than who will win (the Money Line) or the margin of victory (the Spread).

An NBA Total might therefore look like this:

• Washington Wizards (Over 214.5) 1.95 - €10 stake returns €19.50 [€10 stake + €9.50 profit]
• Toronto Raptors (Under 214.5) 1.95 - €10 stake returns €19.50 [€10 stake + €9.50 profit]

To win an NBA Total bet on the Over for this game would need the sum of points scored by Toronto and Cleveland to be more than 214. Conversely, a successful bet on the Under would need the sum of points scored by Toronto and Cleveland to be less than 215. If the Total was a round number and combined score exactly matched it, then Cloudbet got it spot on and your bet would be refunded.

Money Line

The Money Line is the simplest NBA bet type as the odds simply represent a given return for the team winning the game. A Money Line might look this:

• Washington Wizards 1.78 - €10 stake returns €17.80 [€10 stake + €7.80 profit]
• Toronto Raptors 2.15 - €10 stake returns €31.50 [€10 stake + €21.50 profit]

In this bet the Wizards are favoured to win because the odds provide a smaller return - Cloudbet think that outcome is more likely. Conversely, the Raptors are considered the underdog - less likely to win - with your NBA bitcoin bet returning a bigger payout for that scenario.

For these three basic bet types you will find that you that can apply to the whole game, or just portions of the game, such as a Spread of Total bet on just the first half or quarter, or for live NBA betting; in each case bets work in exactly the same way.

Outrights & Props

Outside of the three basic NBA bet types there are numerous ways to bet on events within a game - called NBA Prop bets - or events that span a season - known as Outright NBA bets.

These deserve more explanation in their own right but Props or Specials are essentially Money Line bets on very specific game events such as how many points a player will score or whether a player will score a triple double. They are normally binary e.g how many points will LeBron James score: Over 30 or Under 30.

Outrights are similar, in that again they relate to a specific event happening, but are focused on the outcome of a league or tournament. ‘Who will win the NBA Title’ is the most common outright NFL bet type, but outright markets can also apply to who will win a Conference of Division.

Ready to bet on the NBA with bitcoin?

Cloudbet offers a wide range of NBA bitcoin betting markets, with limits as low as 0.001 BTC that appeal to casual basketball fan or if you really like to get your blood pumping, as high as 36 BTC. Bitcoin is the future of betting for not just the NBA but sports betting in general; are you ready to make the leap?