As opposed to betting on a single game or an aspect of what might happen in that game, outright bets usually refer to placing a wager on an entire season or tournament. These types of wagers are often placed before the season even starts, so in the NBA you are betting on things such as which team will win the overall championship or its division.
While many outright bets are placed prior to the start of the NBA season, these types of bets are usually available as the season unfolds. The odds on a team will change accordingly as to how it is performing and other factors such as injuries, etc.
A big plus with outright bets is they tend to produce higher odds and payouts than game wagers because there are so many more variables. Unlike a game bet, there are usually many more teams capable of winning the title so you are picking a team against the entire field.
While outright bets are attractive because of the high odds you can get, a negative associated with this kind of wager is you might tie up your money for an entire season if you place the bet early. Some bookmakers are also not interested in offering outright bets.
In addition to betting on which team may win an NBA championship, you can also make wagers on where the team will finish in its division. Other possible outright betting options can include who will be the high scorer for the team and how many points the player may average.
With an outright bet on the NBA, odds are set on the chances for each team to win the title. If you are making an outright bet, you might want to consider the past history of a team when it comes to strengthening itself as the season goes along. Some NBA teams, for instance, are more willing to spend extra money or be more aggressive at making changes to their rosters. Along with injuries, trades can dramatically change the odds on a team hoisting a championship trophy. Past performances can also come into play because for whatever reasons some teams just seem to have that winning touch while others do not.
Although it does not apply to an NBA game because there is always a winner, winning a bet outright in other sports such as soccer means the final result was not a tie. Therefore, there was an outright winner of the game and the bet.