Best EuroBasket Betting Odds (Europe)

The EuroBasket tournament is one of Basketball’s most keenly contested international events outside of the Olympic Games and World Basketball Championships. Its official name is the European Basketball Championship and FIBA Europe governed nations are eligible to participate. 

First held back in 1935, the Soviet Union/Russia has dominated the event with 15 wins in total. Other teams to have enjoyed multiple successes include Yugoslavia/Serbia, Greece, Lithuania, Italy and Spain. The tournament was originally held every two years, but since 2017 has been contested once every four years (though the 2021 tournament was held in 2022). Furthermore, since 2015, the tournament has been hosted by four countries, rather than just a single host nation as was the case previously.

The tournament is held around late August and into September, before the start of the season in both European Basketball and the NBA.

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EuroBasket Betting Markets and Odds Explained

If you are relatively new to betting on the EuroBasket tournament, then don’t worry as we can explain the key concepts to you. You need to know about two different things when betting: Betting Markets and Betting Odds.

Betting markets are simply the different potential outcomes and events that can occur in a game. On the case of EuroBasket games, this could be the which of the two teams wins the match, or it may be a bet on how many points a team will score in the game, or if one of the players will be fouled out, or even ejected from the game. 

Nowadays, bookmakers can offer an extensive range of betting markets. Some of which may only have a couple of potential outcomes (such as backing the winner of a match – which has three, Team A to win, Team B to win or the Tie). Other markets can have a much higher number of potential outcomes (such as betting on the player to score the next basket in a game). Markets are useful for deciding what to bet on, but without odds, they are redundant. So what are betting odds?

You will have seen odds many times, but did you know that odds serve more than one purpose. Most people understand that betting odds tell you how much you could win from the bookmaker if that selection wins. However, they also tell you how probable an event is likely to happen, according to the bookmaker.

This is called implied probability and once you understand the link between this and the odds you see quoted, betting becomes a lot clearer.

For example, most people know an even money bet means that you will win double your stake back if the bet is a winner. For example, if you bet £50, you would win £50, but also get your £50 stake back for a total return of £100. That’s because the implied probability of an even money bet is that it has a 50% chance of happening. Hence the term 50/50 (50% chance of happening, 50% chance it does not).

Odds can be stated in different formats. Fractional (5/2, 6/1) are the most common, but decimal (2.00, 6.51) and American (-250, +400) are also used widely. For beginners decimal odds are the easiest to use as it is much easier to calculate your return using these odds (Stake x Decimal Odds). 

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What is considered when bookies calculate EuroBasket betting odds? 

When you look at a bookmaker’s variety of odds and markets for the EuroBasket tournament, you will see a wide choice of betting options. But just how do bookmakers come up with the odds for any given market? 

Odds are not just plucked randomly out of thin air. Bookmakers have a very complex process to devise odds. This algorithm will take into consideration a huge number of relevant factors for any bet and will then devise what is a workable set of odds for the bookmaker. One that doesn’t expose them to too much risk.

Nowadays, the algorithm is so powerful and quick that odds can be made and adjusted within a fraction of a second. Which is why when odds for a market are formulated, and the market opens and people bet on the different options, the odds for selections will change as the bookmaker assesses the risks they are taking in the market and changes the odd to reflect that.

This is why when a lot of people bet on a typical selection, the odds on that selection will shorten. In contrast, if an option is not attracting much money in the market, the bookmaker will likely lengthen the odds on that selection to make it more attractive to punters.

A huge amount of data is factored into the process of setting and then maintaining the odds in every market. This process is computerised these days which allows betting sites to offer such a wide range of markets on the EuroBasket tournament. 

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Are the odds important when making EuroBasket bets?

Now that we understand just how fundamental odds are in terms of all types of bets, it is obvious that they are also very important for all your EuroBasket bets too. However, there is another fundamental about odds when placing bets. That being that different bookmakers will offer different value odds for the same bet. 

This then creates an opportunity for punters. For example, if you wanted to back France to beat Germany in a EuroBasket match and the French team were odds of 2/1 to do that with your favourite bookmaker, you could place that bet. 

Or you could head to a trusted odds comparison site and compare how those 2/1 odds look when compared with what other sites offer. It is likely that you may find odds of 5/2, or maybe even 3/1 for that very same bet with another bookmaker.

So why would you bet £10 on France to win at 2/1 to win £30, when you could back them with another bookie at 3/1 and win £40? The answer is you wouldn’t. But there is one final step to take in order to ensure that you can get the best odds when you bet. 

Check out the odds at Bet365

Get the best value odds every bet – Register with many bookmakers! 

We have a clear understanding of what odds are, how they are decided and influenced and their importance in betting. Now it is time to ensure that each time you place a bet, you get the best odds possible on your selection.To do that, the only approach you can take is to open an account with as many different reputable bookmaking sites as possible. 

The reason for that is simply different bookmakers have different odds available for the same market. Additionally, while your favourite bookmaker may offer the best odds for one particular bet, it is unlikely that they will do so for all the bets that you wish to make. 

By opening as many bookmaking accounts as possible, you do two things. Firstly, you give yourself access to a far better range of odds for the same bet. So, you don’t have to take the 3/1 on offer at your favourite bookmaker for that EuroBasket bet you like. That’s because another bookie you have an account with is offering 4/1! 

Why earn less in winnings simply by where you bet? So, having multiple accounts is always a good move.

Another good reason to do so is that you can claim numerous welcome bonuses with more betting accounts opened. This will give you additional bonus funds, or other benefits to you, when you wager on the site. 

Using lots of bookies also spreads your risk, so you are far less likely to exhaust all your betting funds. So never take less than the best. Open many different betting accounts to claim more bonuses and get the best odds for all your EuroBasket bets.

Odds on upcoming matches EuroBasket :

Our current EuroBasket (Basketball - Europe) predictions

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