Despite leading at the end of the third quarter, Ventspils were on the verge of defeat in the closing seconds, but Rihards Lomazs came to the fore to level with a three-pointer.
And Ventspils edged to victory in overtime, with Maris Gulbis contributing a crucial 19 points.
Elsewhere in Group A, leaders UCAM Murcia made it five wins from five games with a Charlon Kloof-inspired 87-68 victory over Anwil, while Nizhny Novgorod beat Le Mans 85-71.
Twenty-two points in the final quarter helped keep Iberostar Tenerife unbeaten at the top of Group B, the Spanish side easing to an 84-52 victory over UNET Holon.
Tenerife lead Umana Reyer Venezia by one point after the latter got back to winning ways with a 94-84 triumph over Telekom Baskets Bonn – who saw Josh Mayo score 26 points in defeat.
Ioannis Athinaiou scored 17 points off the bench as PAOK bounced back from a poor first quarter to thrash Opava 94-69, the Czech’s having scored 31 points in the opening salvo.
Opava slipped to the bottom of the group table, level on points with Fribourg Olympic who lost 96-87 to Nanterre 92.
Brose Bamberg lead the way in Group C after a third win in five matches, the Germans edging past Telenet Giants Antwerp 85-76.
Dijon’s losing streak continued against Lietkabelis as they were beaten 78-62, veteran Simas Jasaitis collecting 16 points to lead his side to their second win.
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