Chicago Bulls Betting Guide

How to bet, odds, lines and tips

With a storied history that features one of the league’s greatest dynasties, the Chicago Bulls were one of the driving forces in building the popularity of the NBA around the world.

It was undoubtedly paradise to be a Bulls fan in the ’90s, when Michael JordanScottie Pippen and head coach Phil Jackson made history with six NBA championships.

The years in-between then and now haven’t been as generous, but the Bulls have always maintained a rabid fan base. They remain one of the most popular franchises in the NBA around the world and Indiana, specifically.

If you’re interested in betting on Chicago Bulls’ games or NBA games, in general, our guide will help you find your way to the best online sportsbooks and the best NBA bets to make.

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If you want to lay a bet on the Chicago Bulls in the state of Indiana, there are a few ways to do it.  You can bet at a retail sportsbook inside a local casino or you can bet at an online sportsbook or betting app offered by licensed providers.

Click the links above to read full reviews of each online sportsbook now open in Indiana and access their new player bonuses.

Chicago Bulls betting options

When you’re ready to bet on the Bulls, you have three main bet options. Here is a look at them:

Point spread

Online sports betting sites list the point spread for each NBA game. The point spread is essentially betting on a specific margin of victory as established by the oddsmakers. 

An NBA point spread looks like:

  • Indiana Pacers +2.5
  • Chicago Bulls -2.5

In this scenario, Chicago is the favorite as it has the minus (-) sign that sits next to the point spread margin.

That means that the Bulls would need to win by 3 points or more to cover the point spread. Meanwhile, the plus (+) symbol indicates that the Pacers are the underdog in this matchup.

At +2.5, Indiana can win straight up or lose by 2 points or less to cover the point spread. Most of the time, the point spreads are listed with both sides at -110 odds, which means that you would need to risk $110 to win $100 on each point spread play.


Sportsbooks also list a moneyline for each NBA game. When it comes to betting the moneyline, all you need to worry about is picking winners straight up. 

Here is an example of what a moneyline bet might look like:

  • Indiana Pacers +180
  • Chicago Bulls -200

Unlike a point spread bet, in which you wager based on the margin of victory, the moneyline bet is all about wagering on a team to win straight up.

In this scenario, the Bulls are still the favorite, as indicated by the minus (-) symbol. The -200 odds mean that if you bet Chicago, you need to risk $200 in order to win $100.

At the same time, the Pacers are still the underdog as indicated by the plus (+) symbol. 

At +180, you could risk $100 to win $180 betting on Indiana to win outright. 

The moneyline is a lot more straightforward than the point spread, which is part of why the betting odds look a little different.

Totals (Over/Under)

Online sportsbooks will also list totals for every single NBA game on their boards. When betting on totals, all you need to worry about is the number of points the teams will combine to score. 

Here is an example:

  • Indiana Pacers at Chicago Bulls 
  • Total: 194.5

If you think the two teams will combine for 195 points or more, you bet the over. If you think they will combine for 194 points or less, you bet the under. 

As is the case with the point spread, the lines for most of these games tend to start at -110 odds and then move based on the bets that are received by the sportsbook. This means that you would risk $110 to win $100 betting on most totals.

More popular NBA bets

  • Futures: This is a wager in which the outcome will not be determined for a significant amount of time. Examples of NBA futures bets include betting on the total number of games the Bulls will win this season and betting on Chicago to win the NBA Championship.
  • Parlay: A parlay bet includes two or more of any of the wager types listed above. Every pick you place on a parlay ticket must win for it to be considered a winning ticket. If even one team/bet on the ticket loses, then the wager is a loss. As the odds for each combine into a parlay, and if every bet wins, the result is a potentially massive payout.
  • NBA Props: There are several types of NBA prop bets available to the betting public, including individual and team performance wagers. Individual performance prop bets could include anything from the number of points a player will score in a game to the number of combined assists and rebounds he will finish. Meanwhile, team performance prop bets could include anything from the total number of assists a team will finish with to the number of 3-point shots they register in a contest. Prop bets can be a lot of fun, irrespective of the final score.

Chicago Bulls betting outlook 2019

There are mixed expectations for the Bulls entering the 2019-20 season. While Zach LaVine and the other young players on the roster have provided a level of optimism surrounding the team’s rebuild, patience will be the key for basketball fans in the Chicago area.

The Bulls are coming off a 60-loss season, which was their worst since 2001-02. A big part of the problem was injuries, which led to Chicago losing 290-man games. 

With Wendell CarterLauri Markkanen and Kris Dunn all missing significant time, the Bulls were losing games without getting an extended look at the key core players they hope to win within this league eventually.

The good news for Chicago is that LaVine took another substantial step forward as the centerpiece of the limited success that they did have. LaVine averaged 23.7 points per game and showed that he could fight through some of the nagging injuries he dealt with throughout the season.

The Bulls added a promising young point guard in the draft in Coby White and then added Tomas Satoransky and Thaddeus Young via trade and free agency, respectively. While they lost Robin Lopez, the combination of the summer additions and the return of injured players should help offset his absence.

Although this Chicago team won’t contend for an NBA title by any means, the Bulls should be more fun to watch just based on talent level alone. The rebuilding process will continue with the hope that LaVine and maybe even the rookie White could step up and show that they are capable of keeping Chicago out of the basement of the Eastern Conference standings.

The Bulls will need to be patient as the process unfolds. Sports bettors will also need to be patient as well, and know that Chicago might be a good team to fade in the NBA throughout the 2019-20 season.

2019 Chicago Bulls betting odds

  • Odds To Win Central Division: +6000
  • Odds To Win Eastern Conference: +8000
  • Odds To Win NBA Championship: +200,000
  • Regular Season Win Total: 27.5 

Chicago Bulls division: Central

The Bulls play in the Central Division in the NBA’s Eastern Conference. Chicago’s division includes the PacersCleveland CavaliersDetroit Pistons and the Milwaukee Bucks.

Read more about the Indiana Pacers betting outlook here:

In addition to rivalries with the division rival Pistons, in particular, the Bulls also have intense rivalries with the Miami Heat and the New York Knicks

While it’s impossible to forget how dominant this team was in the 1990s, Chicago hasn’t been able to maintain that level of success over time. In fact, the Bulls haven’t won a Central division title since going back-to-back in 2010-11 and 2011-12.

Chicago’s home games are played at the United Center, which holds up to 20,917 fans for basketball games. The Bulls have played in the United Center since their second run of three consecutive championships in 1996, 1997 and 1998.

In addition to the six NBA titles, Chicago has won six conference championships and nine division titles. The 1995-96 edition recorded 72 wins that season, which was a record that stood until the Golden State Warriors posted 73 wins in 2015-16. That ’95-’96 team is still considered one of the best teams of all-time.

Last Five Central Division champions

  1. 2018-19: Milwaukee Bucks (60-22)
  2. 2017-18: Cleveland Cavaliers (50-32)
  3. 2016-17: Cleveland Cavaliers (51-31)
  4. 2015-16: Cleveland Cavaliers (57-25)
  5. 2014-15: Cleveland Cavaliers (53-29)

Opening odds to win Central Division in 2019-20

  • Milwaukee Bucks -1200
  • Indiana Pacers +700
  • Detroit Pistons +3300
  • Chicago Bulls +6000
  • Cleveland Cavaliers +10,000

Chicago Bulls last five seasons

2018-19: 22-60; missed playoffs

There wasn’t much that went right for Chicago in 2018-19. The Bulls didn’t come close to making the playoffs with a 22-60 record; among the worst in the Eastern Conference. Midway through the season, the team decided to fire head coach Fred Hoiberg. While they managed to set a team record for the most points scored in a single game with 168 in a quadruple overtime win over the Atlanta Hawks, the season was largely one to forget for the Bulls.

2017-18: 27-55; missed playoffs

After returning to the postseason in 2016-17, Chicago once again failed to make the dance with a 27-55 record that left them 13th in the Eastern Conference standings. Part of the problem was that for the first time since 2011, Jimmy Butler wasn’t on the Bulls roster after he was traded to the Minnesota Timberwolves. While a lot didn’t go right for Chicago this year, it wasn’t nearly as bad as what would happen to them the following season.

2016-17: 41-41; eliminated in the first round of playoffs

After a one-year absence from the postseason, the Bulls squeezed into the playoffs with a 41-41 record that left them in eighth in the Eastern Conference standings. A year that began with Derrick Rose being traded from his hometown team to the New York Knicks, and ended with Chicago losing to the Boston Celtics in the first round of the playoffs.

2015-16: 42-40; missed playoffs

The 2015-16 season represented what seemed like a significant turning point for the Bulls franchise following the firing of head coach Tom Thibodeau. Despite his overall success, Chicago replaced Thibodeau with Hoiberg in a move that is still questioned to this day. Rose was limited to 65 games because of injuries, and the Bulls went on to miss the playoffs for the first time since 2008.

2014-15: 50-32; lost in conference semifinals

Thibodeau’s final season with Chicago came to an end in the second round of the playoffs when they lost to the Cleveland Cavaliers in six games. The fifth and final complete season for Thibodeau began with promise when the Bulls went 50-32 to finish third in the Eastern Conference standings. However, it didn’t matter in the playoffs when a talented Cavaliers team quickly dismissed Chicago.

Bulls 2019 schedule: Early games to watch

At Charlotte Hornets: Wednesday, Oct. 23

The Bulls get their season started on Oct. 23, when they visit the Charlotte Hornets. The Hornets are expected to be in the basement of the Eastern Conference this season. The Bulls are likely to contend with them in those ranks but should have the early advantage in this matchup.

Vs. Toronto Raptors: Saturday, Oct. 26

Just a few days after they tipoff their season, the Bulls will host the NBA champion Toronto Raptors. The Raptors won the championship last season with the help of Kawhi Leonard, who has since moved home and signed with the Los Angeles Clippers. The Raptors should still be a heavy favorite in this one.

Vs. Los Angeles Lakers: Wednesday, Nov. 5

The Lakers will get a look at LeBron James and the Lakers in early November. The Lakers, who acquired Anthony Davis in the offseason, are expected to be among the NBA Championship contenders this season. We’ll see how the Bulls stack up but young teams have been known to raise the level of their games when they’re facing their childhood icons.

At Milwaukee Bucks: Thursday, Nov. 14

The Bucks won the most games in the NBA last season (60) and were 14-2 against their division. If the Bulls want to win their division eventually, they’ll have to find a way to compete with teams like the Bucks.

Vs. Portland Trail Blazers: Monday, Nov. 25

The Portland Trail Blazers are perennial contenders with two in-their-prime all stars who made it to the Western Conference finals last season. The Bulls … are not. But a Monday home game in the early part of the season is always a great opportunity to catch a road team with deep playoff aspirations off guard.

Avoid illegal betting sites

If you’re planning to bet online, which is far more convenient, it’s important to remember to use legal betting sites. There are now multiple Indiana online sportsbooks that are legal, licensed and regulated.

There are offshore sportsbooks that will offer NBA betting lines to Indiana bettors, but there is little to no guarantee their lines are fair or that you will ever receive your money should you win.

At the end of the day, they’re unregulated and a risky proposition. Beyond that, it’s illegal to do so anyway.

Indiana already has some great licensed online sportsbooks, including DraftKings and BetRivers, and the list should only grow. Stick with one of those options if you’re betting on NBA games.

Chicago Bulls FAQ

Who is the owner of the Chicago Bulls?

The current owner of the Chicago Bulls franchise is Jerry Reinsdorf. Reinsdorf also owns the Chicago White Sox of Major League Baseball. He’s been the head of those franchises for over 25 years.

How many times have the Bulls won the NBA Championship?

The Bulls have won six NBA championships. The years they claimed the title were in 1991, 1992, 1993, 1996, 1997 and 1998. They’ve also picked up six conference titles (in each of those same seasons) and won their division nine times overall.

How many times have the Bulls made the playoffs?

The Bulls have made the playoffs 35 times. They’re among the most successful franchises in that respect as they’ve made the playoffs 35 times in 53 seasons.

Who is the Bulls current head coach?

The current Bulls head coach is Jim Boylen. He took over the team in the early part of the 2018-19 season and led them to a record of 17-41 the rest of the way. Boylen was also the head coach of the Utah Utes for three seasons and compiled a record of 69-60 overall, leading them to the NCAA Tournament one time in four seasons.

Where do the Bulls play?

The Bulls play in the United Center in Chicago, Illinois. The United Center, which opened in 1994, has a capacity of 20,917 for basketball events.

Which Chicago Bulls players have been inducted to the Hall of Fame?

The Bulls have a lot of Hall of Famers from players to coaches to contributors. In total, eight Hall of Famers have played for the Bulls for at least one season. They are:

  • Nate Thurmond
  • George Gervin
  • Robert Parish
  • Michael Jordan
  • Scottie Pippen
  • Artis Gilmore
  • Dennis Rodman
  • Chet Walker
  • Guy Rodgers

As far as coaches go, two former Bulls coaches are in the Hall of Fame:

  • Phil Jackson
  • Jerry Sloan

A number of contributors have also made it including Jerry Colangelo, Jerry Krause, Rod Thorn and Reinsdorf.

Is it legal to bet on the Bulls in Indiana?

It’s completely legal to bet on the Bulls in Indiana as long as you’re 21 years of age and reside in a state where it is legal to bet on sports. In the US those states are currently:

  • New Jersey
  • Pennsylvania
  • West Virginia
  • Indiana
  • Nevada
  • Iowa
  • Rhode Island