Bookmakers Preparing for Lots of Transactions in NBA

Over the upcoming weeks, the sports books will be following the flurry of transactions that will take place in the NBA as the NBA draft and the league’s free agency will start within the next week.

On Thursday, one of the deepest drafts in the NBA in many years will take place.

At the same time, the possibility of trades involving stars such as Kevin Love and sharpshooter Klay Thompson could take place, which could change certain team’s  complexion dramatically making them instant contenders.

Then add to that free agency starting July 1, which will include Carmelo Anthony who opted out of his last year with New York. He will start looking for the best place for him to play.

LeBron James can also opt out of his contract along with teammates Dwayne Wade and Chris Bosh. The three must announce their intentions by June 30.

Sports books such as Bovada and sportsbook.com already have the 2014-15 NBA Title futures posted and must be watching all the different transactions take place to avoid being taken to the cleaners by bettors.

One member of topbet and betonline said there are a number of reliable sources, but one of the best happens to be Twitter.

Rumors keep the sports books on guard, but they do not overreact to them. If a rumor seems to have substance, the bookmakers usually react quickly since they can always go back to what the original line was.

The situation this summer is similar to four years ago when LeBron James decided to leave Cleveland and test free agency.

Many sources had James going to Miami and by the time, the decision was made public, many books already had the futures for the Heat shortened.

A number of other books were late reacting to the James decision and had Miami at as high as 25 to 1, which were pounded hard making some bookmakers worried when Miami reached the finals of the NBA only to lose to Dallas.

Many books have James remaining in Miami. However, they cannot put a prop on where James will play as gaming regulators in Nevada prohibit books for making lines when a few people have potentially the outcome prior to it happening.

For instance, there are likely a few people who already are aware of what James has decided.

Rumors have been rampant of late with one writer saying James would go to the Clippers, which would be logical as Chris Paul is one of James’ sons godfather and both took part in the other’s wedding.

Then there is Carmelo Anthony. Many believe that Chicago is Anthony’s best option. The team would welcome his scoring and if Derrick Rose returns, then Chicago with Rose, Anthony and Yoakim Noah are instant title contenders.

Current Futures for 2015 NBA Championship

MIAMI HEAT 3 to 1

OKLAHOMA CITY THUNDER 9 to 2

SAN ANTONIO SPURS 9 to 2

LOS ANGELES CLIPPERS 8 to 1

CHICAGO BULLS 8 to 1

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