As the Eastern Conference Semifinals heat up, the Indiana Pacers are set to host the New York Knicks in a pivotal Game 3 at Gainbridge Fieldhouse. The betting markets have shown significant movements leading up to this crucial matchup, reflecting both teams' performances and bettors' sentiments.

NEW YORK, NY - FEBRUARY 10: Donte Divincenzo #0 of the New York Knicks passes the ball during the game against the Indiana Pacers on February 10, 2024 at Madison Square Garden in New York City, New York. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. Mandatory Copyright Notice: Copyright 2024 NBAE (Photo by Jesse D. Garrabrant/NBAE via Getty Images)

The Pacers, playing at home, are currently favored with odds sitting at -255, a notable shift from their opening odds of -155. This adjustment suggests increased confidence in their ability to secure a win against the Knicks. On the other hand, the Knicks are listed as underdogs with current odds of +208, up from +135 at market open. This change indicates a growing belief among bettors that New York could potentially upset the home team.

In terms of betting percentages, an overwhelming 86 percent of moneyline bets have been placed on the Pacers, demonstrating strong public backing for Indiana. However, when it comes to the spread, which is set at -6.5 for Indiana, sentiment is more divided. Sixty-one percent of bets favor the Knicks to cover the spread, suggesting that while many believe Indiana will win, it may not be by a wide margin.

NEW YORK, NEW YORK - FEBRUARY 10: Alec Burks #18 of the New York Knicks defends Tyrese Haliburton #0 of the Indiana Pacers during the second half at Madison Square Garden on February 10, 2024 in New York City. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Steven Ryan/Getty Images)

The total points line is another area where bettors have shown clear preferences. Set at 225.5 points, there's a staggering consensus with 92 percent of bets on the over. This indicates an expectation for a high-scoring affair between these two competitive teams.

Several factors contribute to these betting dynamics. The Pacers' home advantage and recent performances have bolstered confidence in their ability to lead and possibly dominate the game. Conversely, the Knicks' resilience and ability to perform under pressure make them a viable candidate to cover the spread or even secure an unexpected victory.

NEW YORK, NY - FEBRUARY 10: Bojan Bogdanovic #44 of the New York Knicks dribbles the ball during the game against the Indiana Pacers on February 10, 2024 at Madison Square Garden in New York City, New York. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. Mandatory Copyright Notice: Copyright 2024 NBAE (Photo by Jesse D. Garrabrant/NBAE via Getty Images)

As we delve deeper into this matchup's intricacies, it's clear that both teams bring strengths that could sway the outcome in their favor. The Pacers' robust defense will be key in containing the Knicks' aggressive offense led by standout players whose performances can turn games around.

For fans looking forward to catching this exhilarating game live, it's scheduled for May 10th at 7:00 PM ET at Gainbridge Fieldhouse in Indianapolis. ESPN will broadcast this must-watch encounter as both teams vie for supremacy in what promises to be a memorable chapter of the Eastern Conference Semifinals.

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