Charlotte Hornets Odds

North Carolina is home to a burgeoning sports landscape with teams in four of the five major North American sports leagues and a Triple-A baseball team. The Charlotte Hornets are an iconic NBA franchise owned by global legend Michael Jordan. Known and admired more for their brand and exciting players over the decades, the Hornets aren’t hugely successful in terms of postseason success. They’re in a position to contend for the playoffs in 2022 and feature a new class of young stars, so you’ll want to look at the Charlotte Hornets’ odds for the season.

North Carolinians continue to wait patiently for legal sports betting to arrive so they can weigh the odds and place bets on teams, such as the Charlotte Hornets. A bill passed in 2019 that legalized sports wagering on tribal lands, and a pair of retail sportsbooks now exist in the western part of the state. However, the bill that would allow betting throughout the entire state continues to matriculate through the necessary paces.

When we discuss legal sports betting, we’re referring specifically to sports betting that includes the launch of retail and mobile sportsbooks in North Carolina. We’ll continue to update the legal developments in the Tar Heel State as they pertain to the eventual arrival of sports betting.

Charlotte Hornets Odds At The Best Sportsbooks

DraftKings Sportsbook North Carolina+20000
FanDuel Sportsbook North Carolina+13000
BetMGM Sportsbook North Carolina+12500

While the Charlotte Hornets are in the playoff mix, oddsmakers and sportsbooks don’t consider them serious threats to take home the championship. DraftKings Sportsbook, in particular, is especially bearish on the Hornets’ prospects. While the Hornets have some young, developing talent, and play an exciting, up-tempo brand of basketball, they’re overmatched by the upper echelon of teams in the league.

Where Can You Bet On The Charlotte Hornets

As of spring 2022, legal sports betting has not graced the state of North Carolina. However, it’s not unreasonable to anticipate further progress toward that goal before the calendar flips.

Online Sportsbooks

Upon the launch of legal sports betting in the state, the North Carolina Lottery Commission would issue up to 12 licenses to companies offering sports betting. Some of those would be retail sportsbooks, but others would almost certainly be online sportsbooks available as apps on iOS and Android devices.

Retail Sportsbooks

Time will tell what plans develop for retail sportsbooks to open within the state. It’s possible that brand new standalone locations will be built, but something we’ve seen in other states is retail sportsbooks opening at sports venues. North Carolina law will allow venues with a capacity of at least 17,000 to host a sportsbook on-site, a requirement that Spectrum Center, home of the Charlotte Hornets, meets.

Raleigh’s PNC Arena, home of the Carolina Hurricanes, and Charlotte’s Bank of America Stadium, home to the Carolina Panthers and Charlotte FC, are two other prominent venues in the state that could potentially host a sportsbook.

Charlotte Hornets Schedule 2023

The NBA playoffs begin in spring, and by the looks of it, the Charlotte Hornets will be in a position to play their way into mid to late April. One factor that plays into the Hornets’ favor is that they completed their West Coast road trips earlier in the season, so their travel demands won’t be as grueling toward the end of the regular season as they try to solidify their playoff positioning. They’ll have a number of significant contests in the coming weeks against teams close to them in the standings.

Charlotte Hornets Betting News And Updates

The Charlotte Hornets added some size to their roster at the trade deadline, addressing a weakness on their team. The addition of veteran and former Sixth Man of the Year Montrezl Harrell isn’t the type of move that will shorten the Hornets’ futures odds. However, it solidifies a soft spot on the team and gives them a bit of a boost in terms of making the playoffs.

Unfortunately for the Hornets, a serious injury to Gordon Hayward, one of their better all-around players, will stress the rest of the team as they’re forced to place more responsibility on their shoulders.

Much of that responsibility will fall in the hands of 20-year-old all-star LaMelo Ball. He is still green in a lot of areas, but he’s one of the game’s rising superstars. He’s talented and dynamic enough to deliver positive contributions with his increased usage, but the eventual return of Hayward will only help the precocious point guard.

How Charlotte Hornets Betting Odds Are Calculated

The most prominent and popular odds in the US are what the industry refers to as “money line” odds. In these, the favorite is indicated with a minus (-) sign while the underdog is represented by a plus (+) sign. For instance, in a game in which the Charlotte Hornets are favored to win, their moneyline odds may be -115. In this case, a bettor will be required to put up $115 for the chance to net $100 in the event of a Hornets victory. If the Hornets are the underdog in a particular matchup, their odds may be +115. In this scenario, a bettor would put up $100 for the opportunity to net $115 for a Hornets victory. 

Oddsmakers take into account an array of qualitative and quantitative factors in order to set the opening lines. It’s a complex and nuanced process, but generally, odds are adjusted in relation to the money being bet on a particular side. The books want to balance their risk and ensure they’re coming out in the black, so to speak. Significant occurrences, such as an injury to a prominent player, will lead to tangible line movement.

Point spread betting is another popular form of sports wagering. Point spread betting takes a money line wager a step further. Those betting the spread need their team to “cover a set line.

For example, if the Hornets’ line is set at -3.5 — remember, the “-” indicates a team is the favorite — they will need to win their game by a margin greater than 3.5 points. In reality, that means they need to win by 4 in order to cover the 3.5-point spread. Conversely, if the Hornets are an underdog at +3.5, they’ll need to lose by no more than 3 points in order to cover. A 113-109 victory at -3.5 covers the spread. A 113-110 victory does not. Conversely, losing 115-112 at +3.5 covers the spread. Losing 115-110 does not.

Charlotte Hornets Futures Odds

SportsbookNBA FinalsConference FinalsDivisional Odds
DraftKings North Carolina+20000+10000+3500
FanDuel North Carolina+13000+8000+3000
BetMGM North Carolina+12500+6600+1800

DraftKings Sportsbook offers additional odds on the Charlotte Hornets simply qualifying for the playoffs. They’re offering +350 odds on them making the playoffs and -550 on them to miss the postseason altogether. After experimenting with a new element in the playoff format during the 2019-20 “COVID” season that concluded in the “NBA Bubble”, the league officially introduced a play-in tournament in 2021. The Hornets were eliminated in the play-in tourney in 2021, and they appear destined for the play-in competition once again.

Charlotte Hornets Prop Bets

A prop bet is a bet submitted on the odds of a predetermined event that occurs during a game. This occurrence doesn’t necessarily affect the ultimate outcome of a game. It can be tied to an individual player like an over or under on the points a player will score or it can be team-focused, such as choosing which team will score first. 

Prop bets are a fun way to dive deeper into the game action. Whereas prop bets were most prominent during big events such as the Super Bowl or NBA Finals, Sportsbooks have offered them in a more consistent capacity as more and more states have legalized and launched sports betting.

How To Bet On Charlotte Hornets In North Carolina

Charlotte Hornets fans cannot yet legally bet on the Hornets in North Carolina. While a pair of sportsbooks exist on Cherokee land in Western North Carolina, prospective sports bettors throughout the majority of the state need to continue to wait. Still, those who are optimistic about the strides the state is making toward the legalization of sports betting may still want to familiarize themselves with the process, particularly as it pertains to online betting through a mobile sportsbook app.

The first step is to choose a sportsbook and download its app. Both Android and iOS users will be able to find their app of choice in their respective app stores. Once an app is downloaded, the user will be required to register. Keep in mind that this step requires users to provide personal information in order to fully verify their identity and location. Upon successful registration, money needs to be deposited into the account. Most books offer a variety of deposit methods, including PayPal, online bank transfer, and other electronic transfers.

Live Betting On Charlotte Hornets In North Carolina

Live betting is a relatively new feature that more and more sportsbooks are offering their users. A live bet is one made during the run of a sports event — after it begins and before it concludes. The bet is happening while the game is live, but bettors can make many of the same bets they would traditionally make prior to the beginning of a contest.

When sportsbooks and sportsbook apps launch in North Carolina, residents and prospective bettors will want to peruse each app’s features to know which ones offer live betting. Live betting is becoming more popular and prominent, but some apps still provide more features than their competitors, so it’s worth doing some research on the apps that will eventually hit the North Carolina market.

How To Bet On The NBA Finals In North Carolina

Beyond venturing into Cherokee land to the Cherokee-owned and operated sportsbooks, North Carolinians don’t have in-state options through which to place wagers on the NBA Finals. Neighboring and nearby states/territories, i.e. Tennessee, Virginia, and Washington DC have legalized sports gambling, so a North Carolinian with a real desire to invest some skin into the NBA Finals could make a relatively short road trip. Bettors in states that have legalized betting can make wagers on the NBA Finals even if the home team is not participating.

Charlotte Hornets Partnerships

The Hornets do not currently have any sports betting partnerships. That’s something that will likely change upon the legalization and launch of sports betting in North Carolina. DraftKings does serve as the Hornets’ official DFS partner. While this does not necessarily mean DraftKings Sportsbook will become the official sports betting partner of the team, the fact that the brand has already forged a relationship with the team puts it in a promising position compared to other mobile sports betting apps that may hit the market.

Charlotte Hornets Arena

The Charlotte Hornets play their home games at Spectrum Center. The venue is located at 333 East Trade Street in Uptown Charlotte. The arena holds a shade over 20,000, which would make it eligible to house an on-site sportsbook when legalized sports betting arrives in the state. 

Charlotte Hornets Odds FAQs

How are Las Vegas betting odds for the Charlotte Hornets calculated?

Calculating odds is a complicated process that incorporates a number of qualitative and quantitative factors. Oddsmakers consider multiple elements in their process of arriving at a particular set of odds.

Does DraftKings provide odds on the Charlotte Hornets?

Yes. Not only does DraftKings provide odds on the Charlotte Hornets, but it provides NBA fans with odds on all NBA teams. Additionally, real basketball junkies can find odds on international basketball competitions such as the Euros.

Who has the best odds on the Charlotte Hornets?

Bettors shouldn’t concern themselves with finding a single book that offers the best odds on a team or a matchup. Bettors should download multiple apps and shop around for the best odds available for the contest or event on which they want to place a wager.

Are FanDuel and DraftKings legal in North Carolina?

At the moment, no sportsbook is legal in North Carolina. If — or perhaps when — legalized sports gambling is legalized and launched in the state, bettors can reasonably expect both books to have a presence in the betting market.

Where can I bet on the NBA Finals in North Carolina?

The only place a North Carolinian can bet within the state is out west at one of the Cherokee-owned and operated casinos or sportsbooks. However, there are no other current in-state options beyond that.

How popular are the Charlotte Hornets?

The biggest competition the Hornets receive in terms of basketball fandom may come from the college ranks. The North Carolina Tar Heels and Duke Blue Devils are both premier basketball programs that enjoy national relevance. However, when it comes to the professional ranks, the Hornets offer a lot to like for fans and bettors alike.

About the Author

Craig Williams

Craig Williams is a Charlotte-based sportswriter who has worked professionally in the gaming, fantasy, and sports business industries. He’s an avid fantasy football player, managing over 100 leagues across multiple formats. When he’s not pouring over Vegas odds and statistics, he’s indulging in soccer and enjoys anything from LigaMX to Champions League.