The 10 Best NBA Sports Betting Promos & Sign-Up Bonuses to Claim for Thursday's Slate at DraftKings, FanDuel & More

bleachernation.com

22 February 2024

The NBA regular season is back in action on Thursday following the extended All-Star break, and you can claim multiple welcome bonuses across the sports betting industry.

NBA sports betting promos can be found in different formats at top online sportsbooks like DraftKings, FanDuel, and BetMGM. For example, you might be able to claim a deposit match at one book and a first bet insurance promo at another.

When you place your bets on Thursday’s NBA slate, ensure you’re taking advantage of the available NBA sports betting promos. Let’s look at the ten best options.

NBA Sports Betting Promos for New Customers

First, we’ll dive into the NBA sports betting promos exclusively available to new customers. As mentioned, these come in numerous structures and dollar values, so you must thoroughly understand each before claiming them.

Fanatics – No promo code required

Fanatics Sportsbook is expanding rapidly, and now is an excellent time to sign up. Without a Fanatics Sportsbook promo code, you can earn $100 in bonus bets daily when you bet $100+ for ten consecutive days after registration.

For example, suppose you bet $80 on Day 1, $130 on Day 2, and $40 on Day 3. You’d receive $80, $100, and $40 bonus bet amounts for each day, respectively. All bets with this NBA sports betting promo must be -200 odds or longer to qualify.

DraftKings – No promo code required

DraftKings Sportsbook presents two sign-up bonuses to new customers without requiring a DraftKings promo code. You can earn a 20% deposit match of up to $1K in bonus bets or a $1K first bet insurance promo.

$1K Play-Through Bonus

The 20% deposit match offer provides up to a $1K play-through bonus with a 25x rollover requirement attached. For example, if you deposit $2K, you can claim as much as $400 in bonus bets. However, you would be required to wager through $10K in this example.

$1K No Sweat First Bet

The $1K first bet insurance promo at DraftKings provides the same maximum value as the deposit match but with far more lenient wagering requirements. Win your first $5+ bet, and you’ll be in line for the profits as usual. If you lose your first bet, your stake will be returned as bonus bets.

For example, if you bet $100 on the Suns’ moneyline (+130) against the Dallas Mavericks, you would get $130 with a win. If you lose, you receive a refund of $100 in bonus bets.

bet365 – BLEACHNEWS

You can use the bet365 bonus codeBLEACHNEWS to get your choice between a $1K first-bet safety net and a “bet $5, get $150” promo. These offers are available in AZ, CO, IA, IN, KY, LA, NJ, OH, and VA.

$1K First-Bet Safety Net

The $1K first-bet safety net at bet365 is a simple bet insurance promo. Place your first bet, and if it wins, you collect profit. If it loses, you are refunded with bonus bets equal to the amount of whatever your losing wager was for.

Suppose you place a $50 first bet on the Pistons +11.5 (-110) against the Indiana Pacers. If your bet wins, you receive $45.45 in profit. If the bet loses, you get back $50 in bonus bets.

Bet $5, Get $150

As many other NBA sports betting promos work, you can bet $5+ at bet365 and get $150 in bonus bets when your first bet settles. Whether you win or lose your first wager on the site, you’ll get this bonus.

Say you place a $10 first bet on the Magic moneyline (+260) against the Cleveland Cavaliers. If you win, you’ll get $26 in profit. Win or lose, you’ll be funded with $150 in bonus bets that must be used within seven days of receipt.

FanDuel: No promo code required

Without a FanDuel promo code, you can bet $5+ and get $150 in bonus bets if your first bet wins.

Bet $5, Get $150 if Your First Bet Wins

While this offer is similar to other “Bet & Get” NBA sports betting promos, it doesn’t guarantee any bonus bets. You must win your first bet to claim a bonus. No minimum odds requirement exists, so you can bet as much of a favorite as you want.

A great option to maximize your potential value is betting $5 on the Nuggets’ moneyline (-1500) against the Washington Wizards. If you win, you’ll only get $0.33 in profit. However, you’ll also claim the $150 bonus. You won’t get profit or bonus bets if you lose your first bet. This is why backing a heavy favorite that you believe is highly likely to win is imperative.

BetMGM: BNEWS1500 & BLEACHNEWS

BetMGM bonus codeBNEWS1500 earns you a 20% deposit match of up to $1.5K in bonus bets, while BLEACHNEWS unlocks a “Bet $5, Get $150” offer.

20% Deposit Match (BNEWS1500)

BetMGM offers a 20% deposit match of up to $1.5K in bonus bets with a 10x rollover requirement. For example, if you deposit $1K, you can get a $200 bonus. You are then required to wager through $2K to unlock the total bonus for withdrawal.

Bet $5, Get $150 (BLEACHNEWS)

Bet $5+ on any market and receive $150 in bonus bets when the wager settles. You don’t need to win your first bet to claim the $150 bonus, unlocking additional value with this NBA sports betting promo.

For example, if you deposit $50, bet it on the Rockets’ moneyline (+240) against the New Orleans Pelicans. You get $120 in profit and $150 in bonus bets if you win. If you lose, you won’t get a betting profit but will still receive $150 in bonus bets.

Caesars – BTOP1000

Caesars Sportsbook promo codeBTOP1000 unlocks a $1K first bet insurance promo.

$1K First Bet Insurance

Using the code, you can get any amount back as a bonus if your first bet loses up to $1K. This is one of the best NBA sports betting promos this weekend, but there is one significant drawback.

For example, suppose your first bet is for $100 on the Nets’ moneyline (+120) against the Toronto Raptors. If Brooklyn wins, you win $120 in profit. You are refunded with a $100 bonus bet if Brooklyn doesn’t win.

This bonus bet must be used simultaneously on one wager and cannot be broken into multiple future wagers. This is a drawback because it decreases the likelihood of recovering any value.