New Yorkers can now tackle game wagers and futures bets on their local New York Knicks team. The Knicks made the NBA Playoffs last year, losing to the Atlanta Hawks, 4-1, in the opening round of the playoffs. Their last appearance in the NBA Playoffs prior to that came in 2013. Get info on how to find the best Knicks odds and how to find the best sports betting apps to place your bet.

The New York State Gaming Commission approved and granted nine licenses for mobile sportsbooks late last year. The following seven operators are currently up and running in the state:

Top Sportsbooks For Futures Bets On The NY Knicks

The Knicks have not won an NBA Championship since 1973, and they are a longshot to win the NBA Championship in 2022. New York opened up with +10000 odds to win the championship, and that has only increased over time with their playoff chances looking grim. These futures odds are fluid, and they can shift drastically over the course of the 82-game NBA season.  

DraftKings (+100000)  – One of the major US sportsbook brands has given up on the franchise this season, having clear and away the best odds for the team at the six-digit mark. Just a $1 wager pays out $1,001.

Caesars (+50000) – Caesars had one of the best opening welcome bonuses in New York, which has contributed to their large market share in the state. They also have decent odds for the Knicks to win a title if you still believe.

FanDuel (+24000) – FanDuel is another great choice for placing futures bets on the New York Knicks. FanDuel’s user-friendly interface makes it easy for new sports bettors to navigate futures odds on the Knicks. They do have the worst odds for the Knicks to win a title across the board.

2021-22 Schedule For The New York Knicks

As mentioned, each NBA team plays an 82-game schedule that starts in October. The Knicks will play their final regular-season game against the Toronto Raptors on April 10, 2022. There are several local rivalries involving metro area teams such as the Brooklyn Nets, who were favored to win the NBA Championship at the time of this writing. The Knicks also have Atlantic Division rivalries with the Boston Celtics and Philadelphia 76ers.

The last time the Knicks were over .500, they defeated the Atlanta Hawks for their third straight win on Jan. 15. As of Feb. 16, they have gone 3-12 since that time. They now sit at 25-33 and have one more game against their rival, the Nets, before the All-Star break. From a betting perspective, the Knicks are 26-32 against the spread and 27-31 on the total (over-under).

Significant Developments For The NY Knicks This Season

  • October 21, 2021: The New York Knicks come roaring out of the starting gate with a 138-134 double OT win in their season opener at home against the Boston Celtics. NY covered as a 2.5-point favorite at Madison Square Garden.
  • October 30, 2021: The Knicks defeat the Pelicans 123-117 at New Orleans to cap the first month of the season with a 5-1 record. 
  • November 30, 2021: The Knicks lose to Atlantic Division rival and NBA Championship favorite Brooklyn, 112-110. The Knicks covered as 6.5-point road underdogs. NY carried an 11-10 overall record into December.
  • December 22, 2021: Point guard Derrick Rose had surgery on his right ankle and is expected to miss up to two months of action.

How The NY Knicks Betting Odds Are Calculated 

Oddsmakers at sportsbooks calculate the odds for each NY Knicks game. They set an opening line that involves the spread, moneyline, and total. We’ll use a real-world example from the December 7, 2021, game at San Antonio. Odds are courtesy of DraftKings.  

TeamSpreadTotalMoneyline
Knicks+1 (-110)O 211 (-105)-105
Spurs-1 (-110)U 211 (-115)-115
 

This represented a tight line for a game that was expected to be fairly even. The Knicks were a slight underdog. NY was only getting +1 on the spread. A $110 bet on the Knicks to win +1 point would bring back $100. You’d be better off betting the Knicks on the moneyline (no points involved) as you’d only bet $105 to win $100.

The total represents the combined number of points scored by both teams. It’s juiced to the UNDER at -115, which means the oddsmakers at DraftKings think this is the more likely outcome. In actuality, their real aim is to open with a line that attracts even money on both sides of the bet. In this case, you’d be enticed to bet only $105 to win $100 on the UNDER. Oddsmakers always try to balance both sides of the ledger to avoid liability for the sportsbook on any bet.

How Did This Game Turn Out, And What Bets Paid Off?

The Knicks won this game handily, 121-109, and covered the spread and moneyline bets. A $105 moneyline bet on New York returned $100. Bettors on the OVER cashed their $115 bet to win $100 as a combined 230 points were scored to easily eclipse the posted total of 211.

Futures Odds On The New York Knicks

We discussed an example of futures odds earlier when talking about the odds on the Knicks to win the NBA Championship. As a sports bettor, you can also bet on NY to win the Atlantic Division and Eastern Conference. These bets are known as futures because the outcome revolves around an event, you guessed it, that takes place in the future. 

Odds On The NY Knicks To Win

Atlantic Division
+20000
Eastern Conference+25000
NBA Championship+50000

Odds On The Brooklyn Nets To Win

Atlantic Division+1100
Eastern Conference+275
NBA Championship+550

These odds were offered by Caesars Sportsbook on Feb. 16, 2022. It’s worth reiterating that the Brooklyn Nets also play in the Atlantic Division and Eastern Conference. The odds boards above tell the tale of New York-based teams in the Atlantic Division. Caesars has a bit of an oddity currently where the Nets are not favored to with the division, but they are favored to be the Eastern Conference champion.

Prop Bets On The New York Knicks 

Prop bets are available for the Knicks and individual players. Julius Randle is one of the most productive offensive players for the Knicks. FanDuel offered the following player props for Randle against the San Antonio Spurs on December 7, 2021.

Julius Randle Player Props

  • Points: 21.5 (Over -118/Under -104)
  • Rebounds: 9.5 (Over +108/Under -132)
  • Assists: 5.5 (Over -118/Under -104) 

To summarize, Randle would have to score at least 22 points, grab at least 10 rebounds, and dish out at least six assists to cover the OVER on all three of his player prop bets against the Spurs. 

Randle had a bit of an off night in New York’s 121-109 victory over San Antonio. He ended up with 15 points, seven rebounds, and seven assists. The only prop bet on the OVER that cashed was on his total assists, which rewarded bettors with a $100 payout on a $118 bet.  

Team prop bets include total points scored in the first quarter, first half, and more. You can also bet the NY Knicks to be the first team to score a certain number of points against their opponent.

How To Bet On The Knicks In New York

The easiest way to do this is to download a sports betting app, such as DraftKings Sportsbook, which is available in both iOS and Android versions. If you own an iPhone, you’ll need the iOS version. Take a look at our DraftKings Sportsbook review and take advantage of the welcome promo if the platform is right for you.

We mention “DraftKings Sportsbook” specifically because the company also has a daily fantasy sports app, and that’s not the one you want to bet on the New York Knicks. This also holds true with FanDuel and their “FanDuel Sportsbook” app. Other sportsbooks, like BetMGM, don’t frequently have that designation in their name.

Once you’ve downloaded the correct app to your mobile device, you’ll need to complete the registration process. You’ll be asked to supply some personal information such as your age, email address, mailing address, and the last four digits of your social security number. This is a reminder to select your preferred sign-up bonus before registering your account. You can do this by using the available codes or links here.

The next step in the process is funding your new account. DraftKings has several options including credit and debit cards (Visa, MasterCard, Discover, or American Express gift cards), PayPal, and direct funding from your online bank account. 

Once you’ve funded the account, navigate to the NBA betting odds page, find the New York game, and you’re ready to place your first bet on the Knicks.

Live Betting On The Knicks In New York 

Live betting, also known as in-game wagering, is available on the Knicks in New York. These live bets are placed when the game is in progress.     

Oddsmakers update the odds on a real-time basis and live betting markets include the spread, moneyline, total, and more. These live betting odds can shift dramatically over the course of a game. It’s best to place in-game bets with major sportsbooks including DraftKings, FanDuel, and PointsBet. These books offer the most betting options and competitive in-game betting odds.  

Do The New York Knicks Have A Sportsbook Partnership?

On November 18, 2021, MSG announced a multi-year deal with Caesars Sportsbook that made Caesars the official sports betting partner of the New York Knicks.  

Frequently Asked Questions – New York Knicks Odds

How Are Vegas Betting Odds On The Knicks Calculated?

Sportsbook oddsmakers create the Vegas betting odds on the New York Knicks. They post an opening line for each game that includes the spread, moneyline, and total. These lines are calculated with the intent of attracting even money on both sides of any bet. This ensures that the sportsbook does not take on liability for the game in question.   

Do New York’s Legal Sportsbooks Offer Bets On The Knicks?

Yes. Major sportsbooks such as FanDuel, DraftKings, BetMGM, and Caesars all accept bets on the New York Knicks. You can wager on individual games, of course, but there are several other betting options. Futures bets can be placed on the Knicks to win the Atlantic Division, Eastern Conference, and NBA Championship. Prop bets are also available on the Knicks as a team or on individual players.   

How Popular Is Betting On The Knicks In New York?

Very. The Knicks have a rabid fan base across the NY metropolitan area, and they see significant interest at the proverbial betting window. The volume of bets on the Knicks can increase when they play Atlantic Division rivals. These teams include the Brooklyn Nets, Boston Celtics, and Philadelphia 76ers. 

Do The Knicks Have a Partnership With A Sportsbook?

Yes. Caesars Sportsbook is the official sports betting partner of the New York Knicks. The multi-year deal was announced on November 18, 2021.

Who Offers The Best Odds On The Knicks In New York?

This depends on the game or bet in question. It pays to shop around at multiple sportsbooks to ensure you find the best odds available. We recommend DraftKings, FanDuel, and PointsBet for betting on the New York Knicks.

Where Can I Bet On The NBA Championship In New York?

You can bet on the NBA Finals series at DraftKings, FanDuel, PointsBet, BetMGM, CaesarsSportsbook, BetRivers, and more. The sports betting apps for these blue-chip sportsbook brands will provide the easiest option for betting on the NBA Finals.

The New York Knicks haven’t won an NBA Championship since 1973. They did make the NBA Playoffs last season after an eight-year absence, though, so perhaps more success is in the works for the Knicks during the 2021-2022 NBA season.

About the Author

Kris Johnson

With more than 15 years of experience as a sports journalist, Kris Johnson’s work has appeared in Sports Business Daily, Sports Business Journal, NASCAR Illustrated, and more. Kris also wrote a sports-betting novel entitled, The Endgame.

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