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Major sportsbooks are halting their prop bets on NBA players on 2-way, 10-day contracts: sources
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Major sportsbooks are halting their prop bets on NBA players on 2-way, 10-day contracts: sources

Major sportsbooks will no longer offer promotional bets on NBA players who make the least money after months of discussions between the league and its gambling partners, multiple league and industry sources said The athlete.

Under an agreement between the NBA and its betting partners, including FanDuel, DraftKings and BetMGM, no “under” bets will be offered on players on two-way or 10-day contracts.

“We are pleased that these measures have been taken to protect the integrity of our games,” an NBA spokesman said The athlete when confirming the action taken.

“We adhere to all policies of our league partners,” a FanDuel spokesperson added, confirming the agreement with the league.

Last season, the NBA expelled two-way player Jontay Porter from the Toronto Raptors for, among other things, engaging in a conspiracy to influence the outcome of bets placed on him.

Most NBA players earn millions of dollars a year and would theoretically be less likely to engage in gambling conspiracies if they earned less money than they make on the court.

But a player like Porter might be more susceptible to such a plan. He earned about $56,000 on a two-way contract with the Raptors, splitting his time between Toronto in the NBA and its G League affiliate.

According to an NBA investigation that led to Porter’s expulsion, Porter gave a confidential tip about his health to a person he knew to be a sports bettor before the Raptors’ March 20 game against the Sacramento Kings. A third person, linked to both Porter and the original recipient of Porter’s health information, placed an $80,000 parlay bet and won $1.1 million. This bet hinged on the prediction that Porter would perform worse against the Kings.

To ensure the bet went through, the league decided that Porter pulled out of the Kings game after just three minutes, claiming he was ill.

The investigation also found that from January to March, while splitting games between Toronto and its G League affiliate Raptors 905, Porter placed at least 13 bets on NBA games through an affiliate’s online betting account. Although none of these bets were on games in which Porter played, he was betting on the Raptors to lose as part of a parlay bet. Stakes ranged from $15 to $22,000, totaling $54,000.

According to the league, he made nearly $22,000 in profit from the bets.

The NBA has several commercial agreements with major betting brands such as DraftKings, FanDuel and BetMGM, and several of its teams host sports bets in their arenas where they receive a percentage of the handle, which is the amount of money wagered. (The athlete also has a partnership with BetMGM.)

Under Silver, the NBA joined the other professional leagues in petitioning Congress for a federal sports betting law, but many lobbying efforts have had no effect.

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(Photo: Photo by Nic Antaya / Getty Images)

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