Bing attended Syracuse University, where he led the Orangemen in scoring as a sophomore (22.2) in 1964, as a junior (23.2) in 1965, and as a senior (28.4) in 1966. Bing was 5th in the nation in scoring his senior year, and was Syracuse's first consensus All-American in 39 years. His number 22 is retired at Syracuse.

In 1966 Bing joined the NBA as a first round pick of the Detroit Pistons, where in his rookie year he scored 1,601 points (20.0 points per game) and was named the NBA Rookie Of The Year. The next year, he used his sweet shooting touch to lead the NBA in scoring with 2,142 points (27.1 points per game). Bing averaged 20.3 points and 6 assists per game in his 12 NBA seasons, played in seven NBA All-Star Games (1968, 1969, 1971-1976, and winning the 1976 NBA All-Star Game MVP Award), was named to the All-NBA First Team twice in 1968 and 1969, and was elected to the Basketball Hall of Fame.

Bing went on to become a successful businessman, founding The Bing Group in the Detroit area after his retirement. The company, among other things, supplies metal stampings to the auto industry. At the 1990 NBA All-Star Game, he received the Schick Achievement Award for his work after his NBA career. His number 21 was retired by the Detroit Pistons, and in 1996, he was named as one of the NBA's 50 Greatest Players of all time.