Chicago Bulls

Betting on the Chicago Bulls

The Chicago Bulls became a force to be reckoned with in the 90s. With Michael Jordan at the helm, the team won six championships in as many trips to the Finals, earning a spot in the NBA lore. Fast forward to today, and the Bulls are far from the glory days of “His Airness.”

In the 2022/2023 season, the Bulls failed to make the playoffs after getting eliminated by the Heat in the second round of the play-in tournament. They barely made the cut, finishing the regular season in the tenth spot, which is not great by any means, especially compared to their previous 46-36 record.

Despite having a talented roster loaded with offensive powerhouses like DeMar DeRozan, Zach LaVine, and Nikola Vucevic, the Bulls have struggled to find their rhythm. Late into the season, they added some serious defensive firepower with Patrick Beverley, but their struggles continued. Unfortunately, Lonzo Ball’s injury has been a major setback, but he’s expected to make a full comeback in the 2023/2024 season, and that should give the Bulls the push they need to get back on track.

Bettors have plenty of ways to get some action on the Bulls at Canadian sportsbooks. You will learn how to get started in this guide.

Chicago Bulls Betting Odds — Types of Bets

Whether you want to bet on the Draft Day picks, preseason matchups, or regular season games, Canadian sportsbooks provide an array of betting options for the Chicago Bulls.

Moneyline

In the world of NBA betting, a moneyline bet is a popular option for rookies. Simply put, you’ll be trying to predict which team will win the game outright. And if you’re a Chicago Bulls fan, you’ll have plenty of opportunities to place them on your favourite team throughout the season.

So, how do the odds and payouts work? Let’s say the Bulls are playing the Brooklyn Nets, and the moneyline odds for the game are as follows: Bulls +160, Nets -200.

In this case, the Nets are the favourite to win, and you’ll have to bet $200 to win $100 if you placed a moneyline bet on them. Conversely, if you bet $100 on the underdog Bulls, and they pull off the upset victory, you’d win $160.

Point Spreads

If you’re looking to spice up your Chicago Bulls betting, point spreads might just be the go-to option. These wagers are all about predicting by how many points a team will win or lose rather than simply picking the winner.

Let’s take the Chicago Bulls as an example — say they’re playing the Milwaukee Bucks, and the point spread is set at +6.5 for the Bulls. This means that if you bet on the Bulls to cover the spread, they need to either win the game outright or lose by six points or less. On the other hand, if you bet on the Bucks to cover the spread, they need to win by at least seven points to make money on your bet.

Point spread bets often come with slightly different odds and payouts than moneyline bets. This is because the spread adds an extra layer of complexity to the wager. But don’t worry, once you get the hang of it, point spreads can be a fun and lucrative way to bet on the NBA.

Totals

If you’re not interested in picking a side, totals or over/under bets may be a good alternative. With it, you’re not picking a winner or loser but rather betting on whether the total combined score of both teams will be over or under a set number.

Let’s say the Bulls are facing off the Los Angeles Lakers, and the set total is 215 points. You have a hunch that both teams will come out strong offensively, so you place an “over” bet. As the game progresses, it’s neck-and-neck, with the score tied 105-105 at the end of the fourth quarter. Overtime is played, and the final score is 120-118 in favour of the Bulls. The total combined score is 238, meaning you were correct in your “over” bet and will receive a payout.

Futures

Futures bets in the NBA are long-term wagers. You’re not betting on an individual game but rather on events that will happen weeks, months, or even years down the road.

The odds on a futures bet for the Bulls to claim the championship will be long, meaning the potential payout will be big upon winning.

One popular futures bet for the Bulls is to wager on which player will lead the team in scoring. Will it be the high-flying Zach LaVine, who averaged 24.8 points per game last season? Or could DeMar DeRozan, who averaged 24.5 PPG, come in and take over the top spot?

Another option is to bet on the Bulls’ win total for the season. Sportsbooks set an over/under for the number of wins they expect a team to earn throughout the year, and bettors can wager on whether the team will finish above or below that mark. For example, the over/under for the Bulls’ win total in the 2022/2023 season was set at 44.5, so bettors could wager on whether they would finish with 45 wins or more or 44 victories or fewer.

Prop bets

Prop bets, short for proposition bets, are wagers placed on specific events that don’t necessarily affect the game’s outcome. They can be a fun way to bet on the Chicago Bulls and add some excitement to the game.

For example, prop bets for the Bulls might include predicting the number of points DeMar DeRozan scores or how many rebounds Nikola Vucevic gets in a game.

Prop bets can also cover a wide range of events beyond just player statistics, such as predicting which team wins the opening tip-off or how many three-pointers are made in a game.

Live Betting

The Chicago Bulls fans have a wide range of live betting options at their fingertips, from betting on the outcome of the next quarter or half to predicting which player will score the next basket.

For example, if the Bulls are up against the Miami Heat and trailing behind in the first quarter, you might want to place a live bet on them to win the second quarter. Alternatively, if you notice that Zach LaVine is on fire and dominating the game, you could place a live bet on him to score the next three-pointer.

Live betting allows fans to adapt to changing circumstances and capitalize on momentum shifts during the game.

Parlays

Parlay bets are a way to combine several bets into one, allowing for a higher payout. For example, you can bet on the Chicago Bulls to win and place a wager on the total points being over a certain number in the same game. If both bets win, your payout will be bigger than if you placed separate wagers.

Teasers

Teaser bets in the NBA are a popular way to increase the chances of winning. With it, you can adjust the point spread or totals line on the Chicago Bulls in your favour, but at the cost of lower odds and payouts.

Round Robins

Round-robin bets in the NBA allow bettors to combine multiple teams and games into a single wager. By grouping the Bulls with other teams in a round-robin, bettors can increase their chances of winning while also adding some diversity. For example, one could include the Bulls in a round-robin bet with the Lakers and the Celtics, choosing to bet on each team individually and as a combined parlay. With a round-robin bet, even if one team doesn’t come through, you can still win on the other teams included in the wager.

Who Has the Best Odds on the Chicago Bulls?

When it comes to betting on the Chicago Bulls, it’s hard to pinpoint a specific sportsbook that consistently offers the best odds. The pricing for NBA games can be quite volatile, with Sportsbook A having the best odds for one Bulls game, while Sportsbook B may have better odds for another.

As a bettor, it’s crucial to do your homework and include odds in your pre-game research. If you find a sportsbook offering an odds boost for the Bulls or one running a reduced juice promotion, that’s even better since you’ll get the best value.

Chicago Bulls History

The Chicago Bulls have a rich history in the NBA, reaching their peak in the 90s when they won six championships in a decade under the leadership of Michael Jordan, arguably the greatest player of all time. The team was coached by Phil Jackson and his triangle offence, which proved to be a winning formula. However, after the Bulls’ dynasty broke up in 1998, the team struggled to maintain dominance.

 

In the early 2000s, the Bulls attempted to rebuild with Tyson Chandler and Eddy Curry, but their plans didn’t pan out. Jerry Krause stepped down as general manager, and John Paxson took over, shifting the focus to players like Luol Deng, Ben Gordon, and Kirk Hinrich. Despite making it to the playoffs a few times, they were a mid-tier team until 2008, when they landed the number one pick and selected Derrick Rose.

Rose won Rookie of the Year and became the youngest MVP ever in 2011, leading the team to their first Eastern Conference finals appearance in years. However, a devastating ACL tear derailed his career, and the team struggled to find success without him. Tom Thibodeau was fired in 2015, and after several injury-riddled seasons, Rose was traded in 2016.

In recent years, the Bulls have made big moves and assembled a well-rounded team featuring DeMar DeRozan, Nikola Vucevic, Zach LaVine, and Lonzo Ball. Although they have big aspirations, they haven’t met them yet. While the Bulls’ history is dotted with both successes and struggles, they remain a beloved and iconic team in the NBA.

How to Find Chicago Bulls Betting Odds and Place a Bet

If you’re looking to place a bet on the Chicago Bulls, here’s a step-by-step guide on how to get started:

1. Choose a reputable sportsbook that offers NBA betting markets and has competitive odds on the Bulls.
2. Check out the Bulls’ upcoming schedule to see when they will be playing and which teams they will face.
3. Analyze the Bulls’ current form, their head-to-head record against their opponents, and any injury news that may affect the game’s outcome.
4. Once you’ve found the odds that suit your betting strategy, select the amount you want to wager and add the bet to your bet slip.
5. Review your bet slip to ensure everything is correct, then confirm your wager.

Chicago Bulls Betting Odds FAQ

Can I bet on the Chicago Bulls to win the NBA Championship at Canadian sportsbooks?

Yes, you can place a futures bet on the Bulls to win the NBA Championship at any sportsbook in Canada.

How do I know which sportsbook has the best odds for a Bulls game?

You will need to compare the odds at different sportsbooks to find the best value. This may involve doing some pre-game research to see which sportsbook is offering the most favourable odds for that particular game.

What types of bets can I make on the Chicago Bulls?

You can make a variety of bets on the Bulls, including moneylines, point spreads, totals, and prop bets.