Categories: NBA

NBA Sports Betting Market Report for Wednesday, January 3, 2024

ATS STATS – The NBA betting market as of January 3, 2024, shows interesting trends and patterns across the Straight Up (SU), Over/Under (OU), and Against The Spread (ATS) markets. Here’s a detailed breakdown based on the Sports Betting Index (SBI):

Straight Up (SU) Performance:

  • 1-Day Performance (Jan 2): Favorites led with a 67% win rate, indicating a bullish trend.
  • 3-Day to 7-Day Range: This bullish trend continues over 3 days (71%) and 7 days (69.3%).
  • 1-Month to Year-to-Date: Long-term also remains bullish, with favorites winning approximately 69.8% of the games.

Over/Under (OU) Performance:

  • 1-Day Performance (Jan 2): A bearish day for OVER bets, with only 33% going over.
  • 3-Day to 7-Day Range: The trend remains bearish over 3 days (34.7%), but shifts to neutral over 7 days (43.4%).
  • 1-Month to Year-to-Date: The longer-term trend balances out to neutral, leaning slightly towards OVER bets.

Against The Spread (ATS) Performance:

  • 1-Day Performance (Jan 2): A balanced day with a 50% success rate for favorites covering the spread.
  • 3-Day to 7-Day Range: A neutral trend is observed over both 3 days (54.3%) and 7 days (51.6%).
  • 1-Month to Year-to-Date: This neutrality continues in the long term, with a slight favor towards favorites covering the spread.

Chart for NBA Sports Bettors:

| Range | SU: Favorites Win% | OU: OVER Win% | ATS: Favorites Cover% |
|-------|-------------------|--------------|----------------------|
| 1-Day | 67%               | 33%          | 50%                  |
| 3-Day | 71%               | 34.7%        | 54.3%                |
| 7-Day | 69.3%             | 43.4%        | 51.6%                |
| 1M    | 69.9%             | 53.4%        | 55.6%                |
| 2M    | 69.4%             | 56.2%        | 53.6%                |
| 3M    | 69.8%             | 54.7%        | 53.8%                |
| YTD   | 69.8%             | 54.7%        | 53.8%                |

Legends: SU (Straight Up), OU (Over/Under), ATS (Against The Spread)

Conclusion:

The NBA market as of January 3rd, 2024, favors the favorites in the SU market, shows mixed trends in the OU market, and maintains a neutral stance in the ATS market. Bettors should consider these trends alongside specific game contexts for more informed betting decisions.


Ron Raymond

Ron Raymond is a well-known sports handicapper who runs ATS Stats and the Raymond REPORT. He has over 21 years of experience in the industry and provides expert analysis and predictions for various sports, including football, baseball, hockey, and basketball.

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