Miami Heat

Former home of the famous Big Three — Anthony Wade, LeBron James, and Chris Bosh, and current home of the fantastic Jimmy Butler, the Miami Heat are among the most famous teams in the NBA. More than that, they are undoubtedly among the most successful, too, with three championship titles, seven conference titles, and 16 division wins under their belt.

Under the leadership of Pat Riley, first as head coach, then as president, they achieved their first championship title in 2006, after 18 years in the NBA. The following two titles came in 2012 and 2013, with Erik Spoelstra as the head coach and the Big Three leading the team.

Every NBA fan is well aware of this period when the Heat were at the top of their game with arguably the best lineup in the NBA. Today, with the help of Playoff Jimmy, they are trying to rekindle that flame.

It’s likely the right time to place a bet or two on them, but the 2023/24 season is also bound to be exciting for fans and bettors alike. Importantly, all reputable Canadian sportsbooks cover the Heat and the rest of the NBA.

Miami Heat Betting Odds — Types of Bets

Besides the fact that you’ll find Miami Heat odds on all major Canadian sports betting sites, you’ll also get a vast array of wagers for any game involving the Heat. These will typically include regular bets like predicting the winner or the number of points, but you’ll also get to make parlays, bet on an ongoing game, and even place some prop bets like how many points Jimmy Butler will score.

Moneyline

The moneyline is the base bet that lets you predict the winner of a game. This simplicity leads to its popularity, especially in versatile team sports like basketball.

For instance, if you bet on an upcoming game between the Miami Heat and the Atlanta Hawks, you might see the odds listed as -140 for the Heat and +260 for the Hawks. This means the Miami Heat are the favourites, while the Atlanta Hawks are the underdogs.

If you decide to bet on the favourites, you’re set to win $71.43 from a $100 bet, with the payout being $171.43. If you were to back the underdog, you’d stand to win a $260 profit or $360 in total.

Point Spread

The point spread is the ideal wager if you want to balance the odds between the underdogs and the favourites. For instance, consider a game between the Heat and the Lakers. The Lakers are the clear favourites with a -345 moneyline, but a point spread of -8.5 would have them at -108 and +102 for the Heat.

The odds are more even because a point spread of -8.5 here means that the Lakers must win by at least 9 to cover the distance. On the other hand, if you were to back the Heat with a +8.5 spread, they would be able to lose by as many as 8 points, and you’d still win the bet. For instance, if the game were to end 105–98 in favour of the Lakers, you’d still win.

Naturally, this spread looks to even out the odds between the two, but most sportsbooks offer a whole set of alternative lines, with the spread going as low as 1 and as high as 30.

Totals (Over/Under)

Totals allow you to bet on whether the total number of points in a match will be over or under a specific number. Most sportsbooks offer a wide range of totals for any game, covering every possible score, but only a few come with favourable odds.

For example, the totals line on a Miami Heat game could be set at 210.5, so you could bet on it going under 210 points or over 211 points.

Besides these, you could also place totals bets on specific quarters, halves, and even on individual teams.

It’s important to note that the odds are always nearly identical between over and under options, both typically listed around -110.

Futures

Futures bets involve betting on future engagements, like the NBA Champion and the Conference and Division winner. Naturally, the futures don’t have to be about winning the title; they could also allow you to predict the total number of season or playoff wins going over or under a specific number.

If not that, you might want to predict the winner of a specific player award like MVP, Defensive Player of the Year, Rookie of the Year, or Most Improved Player.

Whatever the case, the point is that the futures are long-term bets often offering incredible odds, especially if you place them well in advance.

Props

Props or proposition bets are wagers that cover a team’s or player’s performance. Props are incredibly diverse in the NBA as the sport’s nature and complexity provide betting opportunities for various outcomes.

For example, you could bet on which team will first score 10 points in a game, how many three-pointers a player will score, or even whether a player will achieve a triple-double. There are simply too many options to list, and there will likely be even more when betting live.

Live Betting

Live or in-play betting is a form of betting. Most of the wagers we’ve covered so far are placed before a game begins, while live betting starts at the tip-off.

In-play betting is, naturally, quite risky and requires quick thinking, but it’s still a favourite of many pro bettors.

Once the action begins, the sportsbook will list many live markets, but bear in mind that their odds will constantly shift, often changing drastically to reflect the events on the court. Some sportsbooks will also allow you to watch a live stream of the game, so you can follow it and place bets simultaneously, all in one place.

Parlays

Most bettors know you can add multiple selections to a betting slip. Whenever you place two or more, you create a parlay wager. This type of bet allows you to place several single bets into one, consequently increasing the payout. The odds are multiplied, so the payout is much higher than with multiple single bets. However, you must win every selection to win the whole wager.

You can even combine bets from the same game into a parlay. For instance, you could bet on the Heat to win the game, for Bam Adebayo to achieve a triple-double, and for Jimmy Butler to score the first point. Remember that the easiest parlays to score consist of moneylines, point spreads, and totals.

Who Has the Best Odds on the Miami Heat?

Unfortunately, there is no single sportsbook that always offers the best odds on all Miami Heat games. You must look for the best choice for any market you want to cover. Thankfully, you can do that with the help of our NBA odds comparison page. You simply need to search for a game and a market, and the page will outline the odds on most major sportsbooks.

Once you find the best odds, you only need to visit the sportsbook, create an account, deposit, and place the bet. The good news is that you’re entirely free to create accounts on different sportsbooks. This is preferable as you’ll always find the highest odds, maximizing your winnings.

Miami Heat History

The Miami Heat is a Miami-based NBA franchise that joined the league as an expansion team in the 1988/89 season. They currently play in the Southwest Division of the Eastern Conference and are led by Erik Spoelstra, who has been their head coach since 2008.

In the early years, they were a mediocre team, but they started causing a stir in the NBA in the mid-90s, around the time Pat Riley became the head coach and president, remaining in the latter position to this very day.

Pat Riley managed to get Alonzo Mourning and Tim Hardaway to join the team in 1995 and 1996, respectively. Together, they turned the Heat into a playoff contender. They won the Atlantic Division for the first time and reached the Conference Finals in 1997. They kept entering the playoffs for several years after that, also managing a four-peat in their division.

After the duo departed the team in 2001 and 2002, it took the Heat only a little while to get back on track, in part because they drafted Wade in 2003. He was the fifth pick in what is now known as one of the most legendary drafts in league history.

The team reached the Conference Semis in 2004 and got former MVP Shaquille O’Neal for the 2004/05 season. They managed a double sweep that year but lost to the Pistons in the Conference Finals.

This was followed by their first NBA title in the 2005/06 season, led by Wade, O’Neal, and Alonzo.

After that, the Heat struggled a bit, but they entered a golden age after signing both LeBron James (reigning league MVP) and Chris Bosh (All-Star player) in 2010, creating the famous Big Three with Wade.

This resulted in four NBA Finals in a row (from 2011 to 2014), with two consecutive titles in 2012 and 2013. First, they defeated the Oklahoma City Thunder 4–1 and then San Antonio 4–3. Moreover, LeBron James got the MVP award in both seasons. In 2013, the Heat also set the record for the third-longest winning streak, 27 games from February 3 to March 27, which they continue to hold.

Unfortunately, all three stars left the squad in 2016, with the Heat entering a period of rebuilding. 2019 marked a new era once they got the All-Star player Jimmy Butler. The team immediately returned to the Finals but lost to the Lakers 2–4. They soon signed All-Star Kyle Lowry and continued entering the playoffs every season since, with the 2022/23 season marking the return to the NBA Finals, where they were to battle it against the incredible Nuggets led by Nikola Jokic.

How to Find Miami Heat Odds and Place a Bet — Step-by-Step Guide

You already have the home-court advantage if you’re a big NBA fan and can make reasonably accurate predictions. The only thing that you need to do is follow this step-by-step guide to place your first bet:

1. Pick a sports betting site — Find a good online sportsbook that covers NBA betting. You can pick one from our list, but ensure it’s licensed to operate in your location.
2. Register an account — Follow the registration process to the end to set up an account. You must provide some personal details and verify your identity, age, and address following KYC standards.
3. Deposit funds — Once the account is ready, visit the Deposit area and pick a payment method. Input the required details and the amount you want in your betting account. Ensure it fits your bankroll, and don’t deposit more than you’re willing to lose.
4. Find Miami Heat odds — The money should be in your account once you complete the payment. Now you can visit the betting area, locate the NBA, and then the Miami Heat game you want to bet on. Browse through the available markets and their odds to find what seems to be the most likely outcome.
5. Place the wager — Click on the odds next to the market you want to add to the bet. Repeat the process if you want to make a parlay. Then input the desired stake in the betting slip and confirm the wager.

FAQ

Can Canadians bet on the Miami Heat?

Yes, of course. Canada is home to many reputable and legitimate online sportsbooks, all covering the NBA since it’s one of the world’s top sports leagues. Due to this popularity, you’ll find complete coverage of all games in both the regular season and the playoffs, with many betting markets for each matchup.

Are there any bonuses I can use when betting on the Miami Heat?

Yes, you can. Most Canadian sportsbooks offer a wide range of bonuses, many of which can be used on NBA and Miami Heat games. Occasionally, and especially when you find the Heat in the NBA or Conference Finals, many online sportsbooks will offer special bonuses just for Heat fans. Otherwise, you’ll get a wide range of deposit offers, risk-free bets, bonus bets, booster odds, enhanced bets, and insurance bonuses you can also use on Miami Heat games.

What types of bets can I use on the Miami Heat?

You can bet on a variety of markets on Miami Heat games. You can place pre-match bets, futures, and in-play wagers. This includes bets like moneylines, totals, point spreads, props, teasers, and many others. Read our guide to get the complete picture.