NBA Sports Betting Promos & Bonus Codes

November 28, 2023

The NBA season is in full swing, and sports bettors have plenty of wagering opportunities, claiming one of the many NBA betting promos available at top US sportsbooks. This is one of the most-watched sports leagues in the world, with hundreds of millions tuning in to watch this wonderful sport. From a betting perspective, it's, after football, the most wagered sport in the US. 

Starting with the pre-season and 82 games for each team's long regular season, plus the always exciting postseason to follow, there is a ton of excitement and betting opportunities for NBA fans to enjoy. We have compiled a list of NBA betting promos for the 2023/2024 season. If you plan to bet on the NBA, ensure you don't miss any of these sportsbook offers and promos.

All the major sportsbooks, such as Caesars, DraftKings, Fanduel, and BetMGM, have some exciting promos, but do not miss out on the new and up-and-coming sportsbooks such as Bet365 and Unibet.

Here is an up-to-date list with all the best NBA sports betting promos: 

SportsbookPromotionPromo Code
DraftKings
$1000 no sweat first bet - paid back in bonus betsNONE NEEDED - Use link
Bet365
Bet $5 and Get $150 in Bonus BetsSQOREBONUS
BetMGM
Bet $5 and Get $150 in Bonus Bets
*Bonus Bets Expire in 7 Days. One New Customer Offer Only. Add’l terms.
SQOREBET
Caesars
$1,000 First Bet on CaesarsSQORE1000
FanDuel
Bet $5 and Get $150 in bonus bets if your team winsNONE NEEDED - Use link

Gambling problem? Call 1-800-GAMBLER CO, DC, IL, IN, KY, LA, MD, MS, NJ, OH, PA, TN, VA, WV, WY
Call 877-8-HOPENY or text HOPENY (467369) (NY), Call 1-800-327-5050 (MA), 21+ to wager. Please Gamble Responsibly. Call 1-800-NEXT-STEP (AZ), 1-800-522-4700 (KS, NV), 1-800-BETS-OFF (IA), 1-800-270-7117 for confidential help (MI). 

Best NBA Bets & Sportsbooks

We always recommend you combine the best NBA promos with an expert pick and prediction. Below you find the best NBA picks for tonight.

clock
7:00 PM ET Jun 11
NBA Champions
Milwaukee Bucks
+400
draftkings
Gus
Gus
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5:00 PM ET Jun 6
NBA Champions
Phoenix Suns to Win
+700
draftkings
Jake
Jake
arrow

 

DraftKings Sportsbook - Bet and Get Promo on any NBA Game

Betting on the NBA at DraftKings Sportsbook is excellent, with available betting markets for almost anything. On top of betting the money line, totals, and spreads, the player and team props range is massive. 

DraftKings Sportsbook offers an enticing NBA promo for new customers. When you place a bet of $5 or more, you can instantly receive $150 in Bonus Bets. Additionally, they provide a daily free NBA SGP (Same Game Parlay) bet token, allowing you to enhance your NBA betting experience. The Draftkings Promo can be easily claimed by using the link and the promo code below to get the best bonus available. 

 

Caesars Sportsbook - First NBA Bet on Caesars

Like all the other top sportsbooks, Caesars offers a vast range of betting markets for the NBA. The only downside is if you want to get in early and place your bets several days before a game, as Caesars are sometimes a bit slower with getting their NBA odds out. 

Caesars Sportsbook is currently running the first bet on Caesars promo + reward credits in the Caesars VIP program. The structure is simple, place a first bet, and if you lose, you get a bet credit equivalent to your first bet. 

Use the link and promo code below when registering your account.

 

FanDuel Sportsbook NBA Promo - First Bet Bonus

FanDuel Sportsbook has a fresh promotion available for those who are new to the sportsbook. You must first sign up for FanDuel using the link below and deposit at least $10 in your account.

You will get a no-sweat first bet which means that there is no need to sweat it, if your first bet is lost, you get it paid back in bonus bets. This offer applies to all sports and betting markets. Within 72 hours, all winning bets will be credited to your account.

 

BetMGM Sportsbook - First Bet Bonus on any NBA Game

At BetMGM you can place all sorts of NBA bets. On top of the most common betting types you have the Same Game Parlay option, and Game Props. A few more player props would have been nice but overall BetMGM offers a great NBA betting product. 

BetMGM sportsbook provides a promo for new users - The first bet, if lost, is paid back in bonus bet. This is a straightforward promo and all you need to do to claim it is, register your account using the link and promo code below. Make a deposit of at least $10 and place your first bet.

 

Bet365 - Bet on NBA and Get Bonus Bets

Bet365 sportsbook is expanding, and with their very attractive bet and get an offer, the interest for the UK-based betting giant is growing. You can use this promo on any sport or bet, so it is not limited to NBA only. 

If you are a resident of a state where Bet365 is offering its services, we strongly recommend you register an account and claim their welcome offer. It simply does not get any better than this. 

Use the link and promo code below to lock in your first bet offer.

Are NBA betting promotions worth it?

NBA betting promotions can be worthwhile if you know how to use them effectively. These NBA promotions, such as free bets or enhanced odds, can provide added value to your betting experience. To make the most of them, it's essential to understand their terms and conditions and incorporate them into your betting strategy. By utilizing NBA betting promotions wisely, you can potentially increase your chances of winning and maximize your overall bankroll.

What is a promotion in NBA betting?

In NBA betting, a promotion refers to special offers provided by sportsbooks to bettors. These promotions often come in the form of bonus bets or site credits. Sportsbooks may offer them to both new and existing customers as a way to incentivize betting activity. You can earn these site credits through various actions, such as placing bets, making deposits, or participating in specific promotions. 

NBA Schedule Overview

The NBA regular season commenced on Oct. 24 2023 and will end on April 14 2024., with a pause for the All-Star festivities from Feb. 16-18. Additionally, an in-season tournament is slated for Nov. 3-Dec. 9, adding a wagering dimension.

Key takeaways from the upcoming schedule:

  • Oct. 24 marks the opening night, spotlighting the defending champs, Denver Nuggets, clashing with the Los Angeles Lakers, while the Phoenix Suns take on the Golden State Warriors. This night is exclusively a Western Conference affair.
  • NBA's new entrant, Victor Wembanyama, will showcase his skills for the first time on Oct. 25 as the San Antonio Spurs take on the Dallas Mavericks.
  • The courts will heat up on Oct. 26 with LeBron James and Kevin Durant facing off since 2018 as Phoenix challenges Los Angeles. Concurrently, a stellar matchup between Joel Embiid’s Sixers and Giannis Antetokounmpo’s Bucks is on the docket.
  • An Eastern Conference finals rematch unfolds on Oct. 27, with Miami heading to Boston.
  • The first duel between the Los Angeles squads occurs on Nov. 1.
  • A 2023 NBA Finals rematch is in sight on Feb. 29, with Miami visiting Denver.
  • Opening Night will also see Denver, the recent Western Conference conquerors, receiving their championship rings before battling the Lakers, accentuating the betting stakes with historical rivalries.
  • Notable mentions include Chris Paul's reunion with Phoenix and Kevin Durant’s first game at Chase Center with fans present, providing betting enthusiasts with enticing narratives.
  • Christmas Day games include high-octane matchups such as Milwaukee vs. New York and Golden State vs. Denver, among others, providing a festive betting arena.
  • The inaugural in-season tournament starting Nov. 3 unveils a novel betting frontier with knockout stages climaxing in Las Vegas on Dec. 9.

Best Practices on Basketball betting

Things to keep in mind when betting on Basketball

✅ Stay Disciplined - Betting is a long-term endeavor. There will be wins and losses. Stay disciplined, stick to your strategy, and avoid impulsive bets.

✅  Record Your Bets - Keeping track helps you analyze your strengths and weaknesses. Review your betting history periodically to refine your approach.

✅  Beware of “Locks” and “Sure Bets” - No bet is a guaranteed win. Always do your research, even when someone claims it's a "sure thing."

✅  Use Reputable Betting Sites - Ensure the platform is trusted, secure, and offers good odds.

How to pick the best online sportsbook for NBA betting?

We reviewed all the legal online sportsbooks that NBA bettors can choose from in the U.S. to obtain this list. Here are the considerations we evaluate before deciding whether to recommend a sportsbook.

✅ Safety and Security

We only review licensed online sportsbooks operating in the U.S., legal ones. The certification assures customers that their funds and personal information is secure, and they have recourse for all betting disputes. Recommending offshore sportsbooks is not our way.

✅ User Experience

Betting sites' user experience is important to us. A good betting site should have a clear menu where you can view your open bets, betting history, bonuses, and current bankroll is a must. We make sure both the betting site and mobile betting app are easy to navigate and are enjoyable to use even for first-time bettors.

✅ Bonuses and Promos

We look for the best bonuses and make sure the terms and conditions are reasonable. For most sportsbooks, first-time users will almost always have some sign-up or welcome bonus they can claim upon their first deposit.

✅ Betting Odds Variety

Sportsbooks always offer different NBA betting odds at different prices. We believe it is worth your time to compare numbers on the NBA games you'll be betting on before choosing one sportsbook, hence the list.

How to sign up and use a betting site to bet on NBA?

Guide to getting started with NBA betting

Most online sportsbooks allow depositing directly through a bank transfer, credit or debit card, prepaid cards, or e-wallets. On the other hand, withdrawal usually includes e-wallets, bank transfers, and checks. Many bookmakers require you to use a method you used to deposit funds. Some options, such as credit card transactions, may include fees from financial institutions.

A geolocator plug-in might also be required so the website can confirm you are inside eligible state lines while placing your bets.

Signing up for an NBA betting website starts with:

1 Complete Sign Up Process

Once you have decided which sportsbook promo to claim you need to provide basic information, such as your name, email, and the last four digits of your Social Security number.

2 Use Promo Code if needed

If the betting bonus requires a promo code you should use it in the registration process. 

3 Deposit money into your account

Select a preferred payment method to make your initial deposit.

4 Find a game and place your bet

Now, head over to the NBA section of the sportsbook. Find the game you want to bet on. Place a bet, money line, game totals, spread, same-game parlay, prop, or any other betting type offered. Sit back and enjoy the action unfold and for your bets to settle. 

NBA Betting types, Lines and Odds

NBA odds can change drastically throughout the season. Even a simple move from teams' management may change the landscape of the whole league, for example, player trades. Big trades may affect the odds significantly, and such trades are more common in the NBA than in other sports.

Injuries can also quickly shift the odds in NBA games. Individual game odds are usually posted the day before a game and can change based on a team's performance in the prior game, a team's schedule, or star players injury leave. Line movement is usually small but remains something bettors should consider when watching for a change in odds.

And for betting types, every game will have a point spread and an over-under, and each team will have a Moneyline.

✅ Moneyline

Moneyline is simple, just pick which team you believe will win the game. Favorites do not provide as much value, but they are the favorite, so they provide a safe bet. Underdogs give you a chance for bigger cash, but only if they manage to win against the favorite.

✅ Point Spread

An NBA spread balances the difference between the favorite and the underdog. The point spread balances out the discrepancy between the favorite and the underdog and balances the odds to about -110 for each side of the wager, which means: you have to bet $110 to win $100. A favorite must win the game by more than the spread for you to win the bet, while an underdog can win or lose by the point spread or fewer to cash.

✅ Over/Under

In over/under, bettors wager on whether the two teams will score more than the designated point total assigned to the game or less. The over-under is simply the number of points scored by the two teams combined. If the over-under is set at 221.5 and the final score is 114-100, the under hits. If the final score is 130-120, then it's the over that hit.

✅ Futures Bets

Unlike individual game bets, a futures bet is decided by the end of a season. Such bets can be in the form of whether a team will win their division, which player will get the MVP award, or who will be the NBA champion. 

Many futures can be wagered on at any point in the season. But, typically, these bets are made during the offseason before the season begins.

✅ Prop Bets

Props are the kind of bets that are not directly tied to a game's outcome. Bettors can wager on an individual's or team's performance. 

For example, you can wager that Stephen Curry will get 4+ dimes in a game, LeBron James scoring 40+ points, which team reaches 10 points first, or a team making more than a certain amount of 3-pointers, or less. There are usually dozens of individual and team props for every game, and it varies from one oddsmaker to another.

✅ Parlay Bets

Bettors can combine multiple bets from different games to create more favorable odds with a larger payout on a parlay bet. Every wager you make in the parlay must be won for a payout. If you lose one, then you lose all.

✅ Teasers

Teasers are a form of a parlay in which the bettor can change the spread while also changing the odds. All legs in the parlay would shift. The payout is usually less than a traditional parlay in exchange for more favorable odds. Like a parlay, all bets of a teaser must all win for a payout.

FAQ

Is it legal to bet on NBA?

Yes, betting on the NBA is legal in more than a dozen states across the US. However, just to be safe, check first if your state is included in the list of eligible states of your chosen provider.

When will the 2023-24 NBA Season start?

The NBA regular season begins on Oct. 24 and ends on April 14.

What types of bets can I place on NBA games?

Common types of NBA bets include Point Spread, Moneyline, Over/Under (Total Points), Parlays, Props, and Futures. 

Can I bet live during NBA games?

Yes, most sportsbooks offer live or "in-play" betting, allowing you to bet on various aspects of the game as it unfolds in real-time.

What if a game is canceled or postponed?

Typically, if a game is canceled or postponed and doesn't occur within a specified window (usually 24-48 hours), bets are voided, and the stake is returned to the bettor.

Can I bet from my mobile device?

Yes, most online sportsbooks offer mobile-responsive websites or dedicated apps to allow betting from smartphones or tablets.

Are there any strategies for NBA betting?

Various strategies can be employed, such as betting against public sentiment, understanding team dynamics, or analyzing player matchups. However, there's no foolproof strategy, so always bet responsibly.

What is responsible gambling?

Responsible gambling means placing bets in a disciplined and informed manner, setting a budget, and never chasing losses or betting money you can't afford to lose. All regulated and licensed sportsbooks must offer tools to set deposit limits or self-exclude if necessary.

Jake
Jake Williams
Jake Williams is a sports gambling expert. He's been writing in the sports betting and DFS industry for over a decade. He specializes in MLB and NBA, along with College Basketball and College Football.