Knowing how to bet on the Chicago Bulls in Illinois is important, as the NBA franchise stands as one of the most popular teams in the state. Sports betting is legal in Illinois, and that means that you can make Chicago Bulls bets on IL sports betting apps.
You also need to know where you can bet on the Chicago Bulls, and that information will be provided in this article. The NBA regular season runs from October through April, giving you plenty of opportunities to bet on this team.
Betting on the NBA isn’t hard, and this Chicago Bulls FAQ article will serve as a guide to get you going.
Chicago Bulls Profile
The Chicago Bulls are one of the most popular teams in the NBA, but they haven’t been extremely successful in the past decade. There have been some good years mixed in, but the glory days for this team really came back in the 1990s.
Michael Jordan led the Bulls to win six NBA championships in the 90s, including a pair of three-peats. Those are the only six titles in team history, but more could be coming in the future as this franchise is attractive to free agents.
Some lofty expectations were set for the Bulls in 2022-23 as they were a playoff team this past season. Chicago actually spent time atop the Eastern Conference standings before cooling off the stretch.
DeMar DeRozan and Zach LaVine will be back to lead the way for the Bulls, and there is a solid core as well.
- Chicago Bulls Record in 2021-22: 46-36
- Futures Odds on Team Championship entering 2022-23 season: +4600 at FanDuel Sportsbook
- Conference/Division: Eastern Conference/Central Division
- Key Rivals: Milwaukee Bucks, New York Knicks, Indiana Pacers, Detroit Pistons
- Key Players: DeMar DeRozan, Zach LaVine, Lonzo Ball (Signed Goran Dragic, drafted Dalen Terry)
- Head Coach: Billy Donovan
Is Betting On The Chicago Bulls Legal In Illinois?
Online sports betting on Bulls games is legal in the state of Illinois, and you can also bet in person as well. Illinois hosts a massive sports betting market, and the Bulls are one of the teams that attract the most wagers.
There is not really any restriction when it comes to wagering on the Chicago Bulls in Illinois, as this is a professional league. As long as you are able to find Chicago Bulls odds, then it is perfectly legal to make a wager.
The state of Illinois does have some strange laws when it comes to sports betting, but those laws don’t affect betting on professional sports. Betting on the NBA is possible year-round, but the options will be limited in the offseason.
Where Can I Bet On The Chicago Bulls?
If you want to know, “Where can I bet on the Chicago Bulls online?” then you will have a number of chances. Here are the online sportsbooks in Illinois that have mobile apps to accept wagers:
- DraftKings Sportsbook
- Caesars Sportsbook
- FanDuel Sportsbook
- Barstool Sportsbook
Do All Illinois Sportsbooks Offer Chicago Bulls Odds?
Because the Chicago Bulls are such a major team in the state of Illinois, all of the Illinois sportsbooks offer betting. This betting will pick up during the season, but bets can be made throughout the year.
Popular Bets Available On The Chicago Bulls
Since the Bulls are such a popular team in Illinois, bettors will always be looking for unique ways to wager on this team. Betting on regular season games is going to be an option, but you can also find other popular bets.
Here are four of the most popular bets available on the Chicago Bulls at specific sportsbooks:
- Making futures bets is a popular bet on the Bulls. Chicago is placed at +2100 odds to win the 2022-23 NBA Championship at FanDuel Sportsbook.
- A spread bet is another great way to bet on the Chicago Bulls, and an example of this would be taking the Bulls at -5.5 over the Cleveland Cavaliers at PointsBet.
- The NBA is a great league when it comes to betting on player prop bets, and taking the over 2.5 three-point shots made for Zach LaVine at DraftKings is a good example of this.
- Betting on totals is another popular betting options when it comes to the NBA. If you see over/under odds at Caesars Sportsbook that are set at 215.5 points, you can then decide what bet you want to make.
Best Illinois Online Sportsbooks
How Do I Calculate Chicago Bulls Odds?
Moneyline odds are going to be one of the first things that you see when you look at betting lines for the Chicago Bulls. A moneyline bet is simply picking the winning team in an NBA game, and each team will have different odds.
Here is an example of what moneyline betting lines might look like:
- Chicago Bulls -145
- Miami Heat +165
These lines not only tell you which team is the underdog and the favorite, but they will also tell you what the payouts are going to be.
If you are going to make a $50 bet on the Chicago Bulls, then it will come with a payout of $34.48. That same $50 bet on the Miami Heat would come with a payout of $82.50.
The Chicago Bulls team spread refers to the final spread in the final score. These spread betting odds are usually set at -110 for each team in an NBA game, but the betting lines can occasionally differ as well.
If you see lines that have the Bulls as 6.5-point betting favorites over the Cleveland Cavaliers, then Chicago would have to win by at least seven points to cover the spread.
If the odds are set at -110, then it would take a $110 bet to win $100 if that was the goal.
Totals are the third of the main betting options you will find for betting on NBA games, including the Chicago Bulls. This type of bet usually has lines set at -110 like the spread, but the odds will differ for each game.
You will have two options when it comes to betting the total, as your options will be either “over” or “under.” If the two teams combine to score more points than the total line suggests, then the over would hit, but if they combine to score less than that, then it would be the under that is the right bet.
Prop betting is also popular for NBA games, and the prop betting odds can be much different depending on the type of prop bet that you want to wager on. Most prop betting options will resemble a moneyline bet as well because each side of the prop will have very different lines.
Futures betting is another popular way to bet on the Chicago Bulls and the NBA, and these betting odds are going to look like moneyline odds. There will be a long list of teams for this type of betting, and each team will have odds that are set.
If the Chicago Bulls have odds set at +2100 to win the NBA Championship, then this means that a $100 wager would result in a payout of $2100.
You won’t find live betting odds until the Chicago Bulls game has actually started, but the betting lines are going to look similar to what is discussed above. Live betting has to be done while the game is going on, and you also have to make these decisions extremely quickly.
How Do I Bet On The NBA Playoffs and Finals?
The NBA Finals is the final series of the NBA Playoffs, and really the entire postseason is a great betting opportunity. Much more focus is paid to the NBA Finals, but the Bulls won their last championship in the Michael Jordan era.
The Golden State Warriors won the NBA Championship in 2022, and it was their fourth title in eight seasons and their seventh all-time. The Boston Celtics and Los Angeles Lakers have both won 17 NBA championships, which is tied for the most ever.
Betting on the NBA Finals can be done in a number of different ways, and you can actually get a bet in before the season starts. Futures betting odds are available as soon as the previous season ends.
If you would rather wait until the NBA Finals odds are set between the champions of the Eastern Conference and Western Conference, then you can simply bet on each game of the final series. Moneyline, point spread, and totals odds will all be available for the games and live betting will also be an option.
Since the NBA Finals is such a massive event, you will find a long list of player and team prop betting odds to look at as well.
You can also find plenty of ways to bet on the Bulls throughout the Eastern Conference Playoffs and Eastern Conference Finals. The Bulls odds to win the conference are set at +2500 at DraftKings Sportsbook going into the 2022-23 season.