Toronto Raptors Odds

The Toronto Raptors are the team to root for if you support Canadian basketball. The Raptors play in the top level of professional basketball (NBA) and had achieved some amazing feats over the past few years, including winning the championship.

In this page, we will take a look at the latest Toronto Raptors betting odds and provide betting tips to help you make informed decisions about your wagers.

Toronto Raptors Odds 2023-2024Bet99

Raptors odds to win NBA championshipN/A+8900
Raptors odds to win Eastern ConferenceN/A+3900
Raptors odds to win the DivisionN/A+2900

The Toronto Raptors are a basketball team in the Eastern Conference and the only team from Canada, playing in the NBA. The 2019 Championship winners often take on the image of Canada’s basketball team and offer punters an opportunity to bet on various events. You can find Raptors betting odds for weekly games or to win a series.

Many Canadian bookies feature markets on major basketball events, including all games during the NBA season. You can sign up for a free account, claim bonuses, and place various bets. Popular bets and markets include the moneyline, totals, over/under, props, and futures. Bookies also accept parlays and multi-bets.

2022-23 Toronto Raptors Season Recap

The Toronto Raptors NBA season came to a close with the Canadian team finishing 9th in the Eastern Conference and last in the Atlantic Division. 

Finishing 9th was enough to send the team into the play-in tournament which lead to the playoffs. It’s the first time in the franchise’s history that the Raptors had to rely on the play-in tournament to get to the playoffs.

The Raptors were matched against the 10th seeded Chicago Bulls and led the match with 11 points after the first two quarters. However, the Raptors lost the game 105-109, crashing their chances of making it to the 2023 playoffs.

The Raptors had an average season at best, winning and losing half of their 82 games. Pascal Siakam averaged the most points per game at 24.2 in the 71 games he participated in. Fred VanVleet scored the most 3-point field goals per game at 3.0 and also had the most 3PA at 8.8.

What to Expect During the 2023-24 Season?

The 2022/2023 season was not great for the Toronto Raptors, both in the Eastern Conference and Atlantic Division. The team struggled to build on their 2021-2022 season which they finished with a 48-34 regular season record.

The Raptors failed to make the playoffs, which pushes all the focus to next season. The Raptors may seem a totally different outfit after their play-in ouster. After five seasons, the team's well-known head coach, Nick Nurse, is headed to the Philadelphia 76ers, and players such as Pascal Siakam and O.G. Anunoby may see their names resurface in trade rumours.

Former All-Star point guard Fred VanVleet will not be on the team, he signed with the Houston Rockets in free agency this summer. The Raptors did not win the Victor Wembanyama draft lottery, but they landed the 13th pick and selected guard Gradey Dick.

Raptors Betting Markets

The Toronto Raptors are a basketball team that plays in the NBA, so you can expect various events, cups, and tournaments. Each tournament and individual game offers various betting markets. Bookies also feature competitive odds and many bet types. Here are some of the popular Raptors betting markets, types, and odds:

Outright Winner (Moneyline)

The moneyline market cuts across many sports and is one of the Raptors betting lines you’ll encounter in every bookie. All NBA games result in an outright winner of the match. For instance, if the Raptors are playing the Milwaukee Bucks, you may find a moneyline bet expressed as follows:

  • Toronto Raptors -160
  • Milwaukee Bucks +135

If you bet on the Raptors to win their match against the Bucks, and they win, you’ll need to spend $160 to make a profit of $100. On the other hand, if you bet on the Bucks to win and they do, you’ll need $100 to make a profit of $135. The Toronto Raptors are the obvious favourites, which is why bookies give them lower odds on the moneyline.

Points Spread

The points spread bet is another popular betting line for Canadian punters. Spreads involve betting on the margin of victory in the game. An example of a spread bet is shown below:

  • Toronto Raptors (-2.5)
  • Milwaukee Bucks (+2.5)

In such a bet, the Raptors are the favoured team as denoted by the minus (-) sign. If you bet on The Raptors to cover the spread, they must win by a margin of more than 2.5 points. There are no .5 points in basketball, so the Raptors must win by at least three points. If you bet on the Milwaukee Bucks, you’re simply backing the Bucks not to lose by more than two points.

Totals (Under/Over)

Totals are among common Raptors betting lines because they don’t regard who wins or loses the match. Instead, the wager is placed on the total amount of points the game will yield, regardless of who scores.  Totals are also known as Under/Over odds, because you can bet that the match will yield below or above a specific threshold of points provided by the bookmaker.

The bookie may set the totals for the Raptors and Bucks game at 228 points. If you bet on over, the teams must score at least 229 points, in a score like 119-110. If you bet on under, the game must result in fewer points like a 119-108 score. If the result is exactly 228, like in a 118-110 score, the bet becomes void and all bettors are refunded. The Raptors hit more over (31 times) than under (26) odds last season.

Raptors Prop Bets

Prop bets are perfect when you want to focus on specific outcomes for an event or player, rather than team outcomes. You can bet on the number of points a key player might score, or how many rebounds they’ll get. Other popular basketball props available for the Raptors include if the game will go to overtime and whether a player will score over/under a given number of points. You can find some great Raptors odds on prop bets, which is a goldmine for seasoned punters.

Prop bets offer a chance to focus on unique outcomes that may not be prominent on most bookies. However, props also carry risks because players may suffer injury during the warm up or get substituted before fulfilling their bet.


Futures involve betting on the outcome of a future event. The outright winner of the NBA Championship, Eastern Conference, or Atlantic Division, are examples of future bets. You can find various Raptors futures, including odds on whether or not the team will make it to the playoffs or the Play-In Tournament.

You can also bet on whether a specific player will win the league’s MVP award. Futures may offer high odds, but many things can happen during the course of the season. Make sure you review past results and head-to-head history when betting on future events.

Raptors Betting Odds 🔢

There are many Toronto Raptors betting odds you can leverage, including all the markets mentioned above. The Raptors currently participate in the Eastern Conference and Atlantic Division and have a chance to clinch the NBA finals.

Although their championship winning season is now in the past, the team won’t lose sight of making the playoffs anytime soon. Once you make it to the playoffs, there’s always a chance to clinch the title. Here are some of the top Toronto Raptors odds you can find with online bookies in Canada:

Toronto Raptors to Win NBA Championship Odds

Bookies usually provide odds for all 30 teams fighting for the chance to win the title, like the Raptors did in 2019. The odds are adjusted throughout the season, based on developing events.

Trades, injuries, dressing room fallouts and other issues can cause dips and momentum in performance, lowering and raising the odds of a team winning the championships.

The Toronto Raptors are not the favourite to become the 2024 NBA Champions. The defending champions Denver Nuggets are favoured to win the 2023-2024 NBA championship.

Other Popular Bets and Futures

You can bet on the Toronto Raptors to win the Eastern Conference or Atlantic Division.  Other futures include the Raptors to make the playoffs or make the Play-In Tournament. You can also bet on under/over totals for the number of wins the Raptors will achieve throughout the season.

Toronto Raptors Odds 2023-2024Bet99

Raptors odds to win NBA championshipN/A+8900
Raptors odds to win Eastern ConferenceN/A+3900
Raptors odds to win the DivisionN/A+2900

Toronto Raptors Betting Strategy

Using a betting strategy can increase your odds of making a profit and eliminate beginner mistakes. Before you start betting, research the team’s history, recent performances, record, season ambitions, trades, injuries, and overall atmosphere.

You should also research the opponent. The goal is to place informed bets and increase your profitability. You should deploy a betting strategy each time you bet on the Raptors. Here are some things to consider:

  • Find A Reputable Bookie - You should sign up for an account with a legitimate bookmaker allowed to provide Toronto Raptors odds and other NBA markets. Look for operators with a valid license from Kahnawake, Ontario GLI, MGA, UKGC, Curacao, and other reputable licensors.
  • Leverage Sign-Up Bonuses - You can find free no deposit bets awarded just for signing up. Other bookies refund 100% of your first deposit bet if you lose it. Sportsbooks also feature various deals for regular and VIP players. You should review the promotions to find opportunities to bet more with the least risk.
  • Find Your Best Markets - You should choose markets you’re comfortable betting on. If you’re a true Raptors fan, you probably know the squad, performances, popular results and other insights others may not know. You should stick to simple markets like moneyline, spreads and totals if you’re a beginner. Advanced punters can explore props and futures.
  • Find Competitive Odds - You need the best odds if you’ve already picked a market to bet on. Competitive odds increase your potential payout, and the odds don’t affect match results. There’s no need to settle for less money when you can win more on another bookie. Make sure you consider features like cash out if you’re building multi-bets.

NBA Format

The NBA format features two conferences: East and West. At the end of the season, teams can win their respective conferences. Teams seeded 1-6 from both conferences automatically qualify for the NBA playoffs. Teams occupying the 7th through 10th position enter the NBA Play-In Tournament to compete for the remaining two spots in each conference.

The playoffs feature eight teams from the Eastern and eight from the Western conferences. This is how the playoffs are set up:

  • Team ranked 1st plays the 8th
  • Team ranked 2nd vs 7
  • Team ranked 3rd vs 6
  • Team ranked 4th vs 5th.

After the first round, the winner of 1st vs 8th meets the winner of 4th vs 5th in the second round, which is the conference semifinals. The winners move to the conference finals, which determines the ultimate winner of the conference. The winners of the Eastern and Western Conferences then meet in the NBA Finals to determine the year’s champion. The Toronto Raptors currently compete in the Eastern Conference.

Toronto Raptors’ Standings

Since their introduction in 1995, the Toronto Raptors have won one conference title and one NBA Championship. Both titles came in the 2018/2019 season. The team was kicked out of the playoffs by the Miami Heat in 2020. The Toronto Raptors have also won seven Atlantic Division titles.

Top Bookmakers to Bet on the Toronto Raptors

Finding bookmakers featuring odds on Toronto Raptors events shouldn’t be a problem, but not all operators are equal. You should review each site or app to find the best platform for your needs. Some bookies are known for lucrative promotions, while others have the most current lines and the highest odds. Here’s an overview of our selection criteria and best bookmakers for each category:

Best Welcome Bonus and Promotions

👉 Our pick: Bet99


Nearly all sportsbooks offer bonuses for new and regular players. Some have VIP schemes to reward loyal punters. You can expect a welcome bonus, which may comprise a no deposit free bets and deposit bonuses. Some sites offer a cashback/refund, which gives you back 100% of your first deposit back if you lose it on a bet.

The welcome bonus is designed to welcome new players on the sportsbook. We think Bet99 has some of the best bonuses for new players. You can also claim reload deals, odds boosts, parlay bets, weekly deals and boosts for specific NBA events. The bonus playthrough requirements are also relatively low compared to other bookmakers.

Highest Raptors Odds

👉 Our pick: BetMGM

We like sportsbooks with the highest odds because you can make more money from the same event. Some sportsbooks have high odds for specific markets, so you can get more money for wagering on Toronto as the outright winner. Other sportsbooks offer better odds on spreads and totals, so you should consider the betting market and opportunities.

BetMGM is one of the bookies with the highest odds for the Toronto Raptors. The bookmaker has a strong presence in North America and provides slightly higher odds than other books. BetMGM is perfect when betting on match outcomes like who wins the game, spread, and totals.

Betting Markets/Lines

👉 Our pick: Sports Interaction

Sports Interaction

When betting on Toronto Raptors, you should look for the most current and relevant betting lines. Leading sportsbooks offer several markets for each event. You can find Raptors odds to win series, make the playoffs, Play-In Tournament, the conference or division title.

Sports Interaction has some of the best betting markets and lines. You can bet on the moneyline, spread, over/under, futures, multi-bets, parlays, and more. The bookmaker also features exciting prop bets on NBA events, so you can bet on specific player outcomes. We recommend joining bookies that offer hundreds of betting markets for each event. We also review live betting markets.

Superior Betting Features

👉 Our pick: Betway

Betway Canada

The betting features vary from sportsbook to sportsbook and influence the experience you’ll have. For instance, a site offering parlay bets, multi-bets and cashout opportunities allows you to combine multiple events and cash out your winnings before some games play out.

Betway is our top pick for the best betting features. In addition to parlays and cashout, you can explore live betting, live streaming, bet building, boosted odds, free bets, and more. You should review the feature set to determine if the betting site has the conveniences you need. Don’t forget to look for sleek betting apps, swift payment methods, 24/7 customer service.

Top Security & Support

👉 Our pick: 888sport

888Sport Canada

We only rank legitimate sports betting websites and apps with a valid gambling license from Canada or other credible regulators. Our team examines the security features, including SSL Certificates, malware sweeps, two-step verification, privacy policy, responsible gambling, and technical support. You need a secure betting site with a clean track record and zero breaches.

888Sport is one of the leading bookies if you seek a secure, long-serving betting platform. The bookmaker has provided NBA odds for years and offers a simple, safe interface and app to help you place real money bets on basketball events. You can also access 24/7 customer support and have access to an exciting mobile app and universal payment methods.

Toronto Raptors Team Info

The Toronto Raptors play in the Eastern Conference. The Raptors also play in the Atlantic Division, in which they have seven titles since the franchise joined the league. The franchise was founded in 1995 and plays at the Scotiabank Arena. The team is recognized for their 2019 achievements, which involved winning the Eastern Conference and the ultimate prize, the NBA Championship. The Raptors also made it to the playoffs in 2020, but would lose to the Miami Heat. The team is the only Canadian team in the league.

The Toronto Raptors lost the hunt for the Eastern Conference playoffs, which required finishing in the top six. They did not advance in the Play-In Tournament despite leading the game for long periods.

When Toronto makes the playoffs, they have almost always had a chance to win at least the first series. The team didn’t make it to the playoffs this season but will be looking to regain their 2019 form that saw them clinch the biggest title in the game. Their glory days are long in the rear-view mirror, so the team will be looking to build something new for the 2024 season.

Raptors' Magical Championship in 2019

The 2018/2019 NBA season will forever be remembered by Raptors fans all over the world as it was their first time winning the NBA Championship. The team qualified for the playoffs and went ahead to win the Eastern Conference, which placed them against the Golden State Warriors in the ultimate showdown.

The Toronto Raptors beat the Orlando Magic 4-1 in the first round before eliminating Philadelphia in the semifinals and Milwaukee in the finals. They then beat the Warriors 4-2 in the NBA Finals, becoming the NBA Champions for the first time.

The team’s odds for winning the championship at the start of the season was, +900, and +250 at the start of the playoffs, so punters who backed the Raptors made a lot of money.
However, the 2017/2018 season is still their best regular season after winning 59 games, a record they’re still trying to beat.

Top Players

Pascal Siakam is the best player on the Toronto Raptors. He was a key contributor for the Raptors title run in 2019 and is currently one of the best players in the league. With Fred VanVleet in Houston, rising star Scottie Barnes is now one of the Raptors three or four best players. His Rookie of the Year season was a welcome site for Raptors fans. The Raptors other top players are O.G. Anunoby and Jakob Poeltl.

Pascal Siakam was the prolific man in the Toronto Raptors prop bets, so you can tell he’s special. Last season, he averaged 24.2 points per game and 7.8 rebounds per game. He played 71 of the 82 Raptors games. Anunoby led the league in steals per game. Gary Trent Jr is another player who had a good overall season, averaging 2.5 3-point field goals per game and 17.4 points per game. 

Toronto Raptors FAQs

How many titles have the Toronto Raptors team won?

Although the odds for Raptors to win series are low, the Raptors could be dangerous if the team reaches the playoffs or play-in tournament. The Raptors have seven titles in the Atlantic Division, which is currently one of the better of the six NBA divisions. The team also won the Eastern Conference and NBA Championship in 2019, so punters won’t be too quick to dismiss their chances this season. However, performances haven’t been promising enough to warrant a title charge.

Where can I bet on Toronto Raptors games and odds?

You can bet on Raptors on any leading bookmaker that features NBA events. Basketball, particularly the NBA, is a phenomenon in North America right next to the NFL, MLB, and NHL. We recommend joining the top-rated sportsbooks we've listed here. You can find various other sportsbooks offering competitive odds for Raptors events. Make sure you choose a reputable bookie with a secure interface and competitive odds.

Where do Toronto Raptors play their home matches?

Like all teams in the NBA, Toronto Raptors have their home ground, where they can take full advantage of home supporters. The team plays at the Scotiabank Arena located in downtown Toronto. Over the years, Scotiabank Arena has been a tough ground for opponents. The team was particularly formidable in the 2017/2018 season, where they won a franchise record 59 games. The Toronto Raptors also leveraged their home support throughout the 2019 playoffs that saw them become NBA champions for the first time.

When did the Toronto Raptors join the NBA?

The Toronto Raptors first joined the National Basketball Association in 1993. However, the team didn’t participate in any NBA event until 1995, so most people associate the year with the founding of the Raptors. The team has been participating in the NBA for the past 27 years and is the only basketball team from Canada to win the NBA Championship. The team competes in the Eastern Conference, which features teams from New York, Boston, Miami, Milwaukee, Philadelphia, and many more.

Where do the Toronto Raptors basketball team get their name?

The Toronto Raptors team received their name after a fan vote. Various names were put up for voting and fans were given the privilege of choosing the team name. The Raptors were influenced by the Jurassic Park film, which came out about one year before the naming process began. The Toronto Raptors also take on the name of their city/home ground, located in downtown Toronto, Canada.

Where can I watch Toronto Raptors matches?

The Toronto Raptors play 82 regular season games and can play up to 28 more if they make it to the playoff. The team also plays various exhibition events. All games are split evenly between Sportsnet and TSN. You can also watch Toronto Raptors matches online via free or subscription-based streams. Other options include cable TV and live streams from bookies. However, live streams are minutes late and may only feature feeds for the key events during the game.