While online sports betting was legalized in 2019 and launched in 2020, there are currently no plans to implement retail sports betting in that state.
A Spread bet is a common wager placed on an NBA game and works in the following way:
Let’s say the Memphis Grizzlies are hosting the San Antonio Spurs and the spread is:
The Grizzlies are favored to win the game by 7.5 points. Therefore, they must win by at least 8 points to cover the spread.
If the Grizzlies win by less than 8, or lose, the Spurs cover the spread.
From a Spurs bettor’s perspective, the Spurs need to lose by less than 7.5 or win outright.
Grizzlies’ Partnerships with Legal Sportsbooks
In November of 2020, the Grizzlies struck a multi-year deal with FanDuel Sportsbook, making the team FanDuel’s first official NBA partner.
The most noteworthy components of the deal included digital and in-arena advertising for FanDuel during Grizzlies games as well as free bets for Tennessee residents upon signup.
In 2021, the Grizzlies partnered with WynnBET. The partnership included many of the same features as the FanDuel deal, with one notable distinction.
The Memphis Grizzlies mobile app now offers Buzzer Beater Picks, a free-to-play game in which fans make predictions during Grizzlies games in order to climb a leaderboard and win real prizes courtesy of WynnBET.