Toronto Raptors

Since 1995, when the team was founded, the Toronto Raptors have made it to the playoffs 13 times, including a championship run in 2018-2019. The Raptors have also won one conference and seven division titles.

Currently, the Toronto Raptors are the only Canadian team in the NBA. In a way, they’re representing the entire country in the most elite basketball competition in the world. It’s no wonder most sports fans from Canada have supported the team ever since its beginnings in the 90s.

Bettors in Canada like to wager on the Raptors. Plenty of betting sites are available in the Great White North, many featuring a range of betting markets for pre-game and live betting.

Toronto Raptors Betting Odds — Types of Bets

If you don’t have enough experience betting on the Toronto Raptors and the NBA in general, you will find the following guide helpful. Each popular betting option covered here will come with an example involving the Toronto Raptors.

Moneyline Bets

The moneyline bet is the standard betting option available on all betting sites for all sports. It involves simply picking a side to win and getting paid if that happens.

Imagine the Toronto Raptors playing against the LA Lakers. Underdogs come with a + sign next to them (if you’re using the American odds format). For example, the Toronto Raptors might have +180, which means you’ll win $180 for a $100 bet. Favourites have a – sign next to them, and you might see something like this — LA Lakers -110. This means you’ll need to bet $110 to win a $100 profit.

Point Spreads

In this type of bet, two teams are “evened out,” with betting sites taking away a certain number of points from the favourite and adding points to the underdog.

Take a look at the following example.

• Toronto Raptors +8.5
• LA Lakers – 8.5

If you bet on the Raptors, you’ll win as long as the team doesn’t lose by more than eight points. On the other hand, if you bet on the Lakers, they not only need to win, but the point difference must be at least nine points for you to win the bet.

Totals (Over/Under)

A betting site will present a possible total number of points in a game, and you need to bet on whether the actual score will be higher or lower than expected.

For example, a sportsbook might suggest that the total number of points in the upcoming match between the Raptors and the Lakers will be 220.5. If you place an “under” bet and the total score is lower than 221, you win.

Futures

A futures bet involves betting on possible future outcomes, such as winning a division, conference, or even the NBA championship. For example, if you think that the Toronto Raptors have a chance to win the NBA ring in the upcoming season, you can support them with a wager.

Futures bets can be made for individual accolades, such as regular-season MVP winner, finals MVP winner, rookie of the year, coach of the year, and more.

Prop Bets

Prop or proposition bets are based on specific events or stats within a game. For instance, a prop bet might suggest that Pascal Siakam will record at least 17 points and 6 rebounds. If you think there’s room for something like that, you can bet on it.

It’s not always about stats, though. You can make a prop bet on which team will win the tip-off or which team will score first.

Live Betting

Many online betting sites in Canada will let you bet on NBA matches in progress. This opens up many additional betting markets and puts the focus on real-time stats. Live betting brings an extra layer of excitement, as odds change constantly based on the current result and the performance of both teams.

Each betting site has a unique selection of live betting options, so take the time to explore them if you want to focus on live-action instead of pre-game betting.

Parlay Bets

If you add more than one betting selection to a betting slip, you’ll make a parlay bet. For example, you can take the three upcoming Toronto Raptors games and make a bet on all of them. Their odds will multiply for a big potential payout. Of course, that means you’ll have to get all three right to win the money.

Who Has the Best Odds on the Toronto Raptors?

It’s impossible to name just one betting site with the best odds, as odds change constantly. If you’re looking for a sportsbook that offers the best odds on the Raptors for all betting markets, you won’t find it.

Instead, you should think about a different approach: shopping for odds. For instance, a moneyline bet on the Raptors against the Lakers might be more lucrative on one betting site, but a point-spread bet might have better odds on a different site.

In short, you’ll have to register on several betting sites in Canada and use them simultaneously if you want to get the best possible experience.

Toronto Raptors History

The Toronto Raptors were founded in 1993, but their first official season was in 1995. Their owner John Bitove, a businessman from Canada, had to pay $125 million to add the new franchise to the NBA, making it the 28th team to join the league.

In the team’s inaugural season, Brendan Malone, the former Detroit Pistons assistant, was the head coach. Brendan is the father of Michael Malone, the current championship-winning Denver Nuggets coach.

The team struggled for the first few years. Malone was replaced with Darrell Walker after the first season, and Butch Carter took over two seasons after that, reaching the first play-offs in season 1990/2000. The team lost in the first round but made it to the East Conference semis the following season. The leading Raptors player back in the day was the legendary Vince Carter.

The team also reached the playoffs in seasons 2001/02, 2006/07, 2007/08, 2013/14, and 2014/15.

In the capable hands of Dwayne Casey as the head coach, the team reached the Eastern Conference Finals in 2015/2016, where they lost to Cleveland. They played in the Semis for the following two years until they finally landed their first NBA Championship, in season 2018/19, with Nick Nurse as the head coach and Kawhi Leonard as the best player.

After that, the team reached the playoffs twice — in seasons 2019/20 and 2021/22.

For the last five years, Nick Nurse has been the head coach. As of 2023, Darko Rajaković was appointed as the new coach, setting the stage for a new chapter in the Raptors’ history.

How to Find the Toronto Raptors Betting Odds and Place Your First Wager

If you want to start betting on the Toronto Raptors, here’s what you should do.

1. Pick a betting site — Explore the featured platforms on this page and pick the most suitable option.
2. Become a registered member — Go through the registration process by entering the required information and registering your account.
3. Make a deposit — Use one of the available payment options to make a deposit and claim the welcome bonus.
4. Find Toronto Raptors betting options — Check the available games and explore the betting markets.
5. Place a bet — Add a selection (or more selections) to the betting slip, enter the amount you want to bet, and wait for the outcome.

FAQ

Can I bet on the Toronto Raptors from Canada?

Yes, many online sportsbooks from Canada feature NBA betting, meaning you can have action on the Canadian team.

Are there any special betting bonuses I can use on the Toronto Raptors?

Most online betting sites offer deposit bonuses for new players who make their first deposits. In addition, many provide ongoing promotions, some focusing on the NBA or even, specifically, the Toronto Raptors.

What are the odds of the Toronto Raptors winning the 2024 NBA Finals?

Not that great. Currently, the odds are at +8000, as the Raptors aren’t considered one of the favourites.

Can I bet live on Toronto Raptors games?

Yes, you can. The majority of Canadian online sportsbooks feature great live dealer betting sections. Just tune in live when the Toronto Raptors play and have fun.