A common bet placed on NBA games is a spread bet. Let’s use a game between the Pacers and Heat as an example. A spread bet could look something like this:
· Pacers -2.5
· Heat +2.5
A bettor who places a wager on Pacers -2.5 needs the Pacers to win the game by at least 3 points. If the Pacers win by fewer than 3, or if they lose outright, the bettor loses their wager.
Pacers’ Sportsbook Partnerships
The Pacers partnered with DraftKings in the first quarter of 2020, making the sportsbook giant the team’s first official betting partner.
The deal gave DraftKings the ability to advertise in Banker’s Life Fieldhouse and during the Pacers’ postgame show.
In the second half of 2020, the team struck a similar deal with lesser-known PointsBet. While it’s not quite the industry-leader that DraftKings is, PointsBet is quickly expanding its offering throughout the US.
The deal consists of similar terms to the Pacers’ deal with DraftKings, including in-arena signage and branding.