NBA Sports Betting Promos & Bonus Codes

November 17, 2022

The NBA is one of the most-watched sports leagues in the world, with hundreds of millions tuning in to watch the games every year. 

With 82 games to be played for each team, and the always exciting postseason to follow, there is a ton of excitement and betting opportunities for NBA fans to enjoy. We have put together a list of NBA betting promos for the 2022/2023 season. If you plan to bet on the NBA, make sure that you don't miss any of these sportsbook offers and promos.

All the major sportsbooks such as Caesars, DraftKings, and BetMGM have some very interesting promos but do not miss out on the new and up and coming sportsbooks. Tipico is offering a great first deposit match bonus, SI Sportsbook, and Bet365 have their Bet and Get offers. 

Here is the complete list of the best NBA betting offers and promotions for the start of the 2022/2023 NBA season. 

Sportsbooks PromotionPromo Code
🎁 DraftKingsBet $5 and Win $200None Needed - Use Link
🎁 CaesarsFull Caesar (First Bet Free up to $1250 + Caesars Rewards 1000 Tier Credits & 1000 Reward Credits®)SQOREFULL
🎁 FanDuel Bet $5 Get $150None Needed - Use Link 
🎁 BetMGM $1,000 First Bet OfferSQORE1000
🎁 Sports IllustratedBet $20 and Win $200Si200
🎁 PointsBet$2,000 Risk-Free BetSQORE2000
🎁 Bet365Bet $1 and Get $200None Needed - Use Link
🎁 BetRiversFirst Bet Free up to $500SPORTS
🎁 Tipico100% up to $100 Deposit BonusNone Needed - Use Link
🎁 DraftKings20% up to $1,000 Deposit BonusNone Needed - Use Link

DraftKings Sportsbook - Bet $5, Win $200

New users at DraftKings Sportsbook can take advantage of one of the best values in the world of NBA betting to tip off their season. Bettors can put $5 on any NBA team to win on the moneyline. Win or lose, bettors will get the original payout from their $5 bet, along with $200 in free bets to be used elsewhere at DraftKings.

Promo Offer:Bet $5 Win $200 on any NBA game
Promo Code:None Needed - Use Link
Eligible States:AZ, CO, CT, IA, IN, LA, MI, NJ, NY, PA, TN, VA, WY, WV
draftkings

Bet $5 Get $200

Caesars Sportsbook - First Bet Free up to $1250 + Caesars Rewards 1000 Tier Credits & 1000 Reward Credits®

Caesars Sportsbook is currently running an exciting promotion. Exclusively for new users, you can now earn up to 1,000 Caesars Rewards Tier Credits and 1,000 Caesars Rewards Reward Credits®.

The maximum bet credit is $1,250, and it has a 14-day usage window. Caesars will credit up to $1,250 of your stake as a free bet if you risk up to $1,250 and lose your initial wager. Also, you are entitled to receive the bonus points seven days after your initial wager, which must be at least $10.

Promo OfferFirst Bet Free up to $1250 + Caesars Rewards 1000 Tier Credits & 1000 Reward Credits®
Promo CodeSQOREFULL
Eligible StatesAZ, CO, IA, IL, IN, KS, LA, NJ, NY, MI, PA, TN, VA, WV
Caesars

UP TO $1250 BONUS

FanDuel Sportsbook - Bet & Get

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 make your first deposit with at least $5 on your account.

You will get a 30-1 win or lose odds boost on your first bet of $5. This offer is applicable to all sports. Within 72 hours, all winning bets will be credited to your account.

Promo OfferBet $5 Get $150 in bonus bets
Promo CodeNone Needed - Use Link 
Eligible StatesAZ, CO, CT, IA, IN, IL, KS, LA, NJ, MI, PA, TN, VA, WV, WY
Fan

No Sweat First Bet up to $3,000

BetMGM Sportsbook - $1,000 First Bet Offer

BetMGM provides a promo for $1,000 first bet exclusive for new users. This promotion is for new users only. To claim this, all you need to do is register for a new account and make a minimum deposit of $10.

 

Promo Offer:First Bet Offer: Get Up To $1000 Back In Bonus Bets
Promo Code:SQORE1000
Eligible States:AZ, CO, DC, IA, IL, IN, KS, LA, NJ, MI, MS, PA, TN, VA, WV, WY
Bet

UP TO $1000 BONUS

SI Sportsbook - Bet $20 Win $200

The sports magazine Sports Illustrated is one of the most trusted sources for sports news. Now, in partnership with established gaming brand 888, SI also has an online sports betting site called SI Sportsbook.

With a minimum deposit of only $20, SI Sportsbook offers tempting bonuses, such as this Bet $20 and Win $200. Use promo code Si200 to activate this bonus. Just click the link below, create your account using bonus code Si200, and make your first deposit and place a $20 wager. Voila, if it wins now you get a extra $200 bonus bets.

Promo Offer:Bet $20 and Win A Extra $200 In Free Bets
Promo Code:SI200
Eligible States:CO, MI, VA
SI

Bet $20 Win $200

PointsBet Sportsbook - $2,000 Risk-Free Bet

PointsBet is a high-end sportsbook that offers a good experience overall with its platforms and bonuses. With an affordable minimum deposit of $5, PointsBet has interesting promotional offers and bonuses for new users, such as the $2,000 risk-free bet.

Just enter the code below when you sign up!

Promo Offer:$2,000 Risk-Free Bet
Promo Code:SQORE2000
Eligible States:CO, IA, IL, IN, KS, NJ, NY, MI, PA, VA, WV
Points

UP TO $2000

Bet365 - Bet $1 Get $200

Bet365 sportsbook is now also available in Colorado and it comes with the huge Bet $1 Get $200 offer for residents in the Centennial State. You can use this promo on any sport and any type of bet so it is not limited to NBA only. 

Promo Code: None Needed - Click the link to activate
Free Bet Bonus:Bet $1 and Get $200 in Free bets
Eligible States:NJ, CO
Bet365

Bet $1 Get $200

BetRivers Sportsbook - Second Chance Free Bet up to $500

Your first bet at BetRivers is free for up to $500. In case your first wager is lost you will get a refund in the form of a free bet to use in the BetRivers Sportsbook. 

Promo Offer:First Bet Risk-free up to $500
Promo Code:SPORTS
Eligible States:AZ, CO, IA, IL, IN, LA, NY, MI, PA, TN, VA, WV
bet

UP TO $500

Tipico - $100 Sign-up Bonus

The Tipico deposit bonus offer comes at a 2X wagering with a minimum of -200 odds. This bonus is currently the most generous deposit match bonus available in CO and NJ. The two times play-through requirement makes the bonus easy to clear. 

Promo Offer:100% up to $100 first deposit bonus
Promo Code:None Needed - Use Link
Eligible States:CO, NJ
tipico

$250 BONUS

DraftKings Sportsbook - 20% Up To $1,000

DraftKings sportsbook is one of the favorites in terms of betting sites, especially for the NBA. This year, they are offering a 20% deposit bonus of up to $1,000. All you need to do to earn the maximum $1,000 bonus is to deposit $5,000. This promo only applies to new users over 21 years old in eligible states.

Promo Offer:20% deposit bonus up to $1,000
Promo Code:None Needed - Use Link
Eligible States:AZ, CO, CT, IA, IL, IN, KS, LA, NJ, NY, MI, PA, TN, VA, WV, WY
draftkings

$1000 BONUS

NBA Events Overview

The 2022-23 NBA regular season will run from October 18, 2022, to April 20, 2023. There will also be the NBA All-Star Game on February 19, 2023. Meanwhile, the playoffs will begin in April 2023 and the NBA Finals will take place in June 2023.

Here is a look at the notable NBA games coming up this week, which include action featuring several aspiring title contenders.

  • On Thursday, November 17, the Brooklyn Nets visit the Portland Trail Blazers
  • The Milwaukee Bucks and Philadelphia 76ers meet in a potential Eastern Conference Finals preview on Friday, November 18
  • Saturday, November 19 will feature a matchup between the Toronto Raptors and Atlanta Hawks
  • On Sunday, November 20, the New York Knicks and Phoenix Suns square off in Phoenix
  • The struggling Golden State Warriors take on the New Orleans Pelicans on Monday, November 21
  • LeBron James and the Los Angeles Lakers visit the Phoenix Suns on Tuesday, November 22
  • The league-leading Boston Celtics host the Dallas Mavericks on Wednesday, November 23

Best Practices on Basketball betting

Things to look out for when betting on Basketball

✅ Don’t bet on your favorite team, it might cloud your judgment.
✅ Keep up with news and team statistics.
✅ Never trust your instincts, research team information first from trusted sources such as Sqore.com.

How to pick the best online sportsbook for Basketball betting?

✅ Know what you are searching for: sports, promos, and other deciding factors.
✅ Read what users have said about the sportsbook. Check whether the application or site is not difficult to explore.
✅ Variation is key. See what bet choices and sports are advertised.
✅ Safety and security, make sure that you're betting with a licensed operator.

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?

Signing up for an NBA betting website starts with providing the basic information, such as your name, email and the last four digits of your Social Security number.

Next, you need to create a username and password. You also have to link a preferred payment method to make your initial deposit. A geolocator plug-in might also be required so the website can confirm you are inside eligible state lines while placing your bets.

Most online sportsbooks will give the option of depositing directly through a bank transfer, credit or debit card, prepaid cards, or e-wallets. Whereas 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.

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.

Is it hard to sign up on betting sites?

Not in the least. It's a pretty hassle-free process for every provider. You just need to set up your credentials, such as username, password, and then payment method-related information.

When will the 2022-23 NBA Season start?

The 2022-23 NBA season will be held from October 18, 2022, to June 2023.

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.