NBA Betting Promotions & Bonus Offers 2023
Pro basketball is one of the most popular sports in the United States to both watch and gamble on, specifically the National Basketball Association, and plenty of bettors out there prefer to wager on basketball more than any other sport.
Packed NBA slates keep sportsbooks busy all season long, especially during the postseason. Part of the reason for this is that online betting sites in New Jersey (and other states where gambling is legal) have opened up a treasure trove of betting markets for each and every game.
But before you choose which sportsbook(s) could be best for you when it comes to online NBA betting, it’s important to know how to get the most value for your money, and a huge part of that is the welcome bonus and promotions offered by the site.
How To Get An NBA Betting Bonus
Claiming a sportsbook bonus to use on NBA betting is a simple process. Bonuses are awarded during the signup process, so all you need to do is click on one of the ‘Get Bonus’ links or use one of our many NBA betting bonus codes to lock in the promotion of your choice.
Regardless bonus type is offered by the sportsbook you choose, it will be immediately eligible for use on one of the many NBA markets offered by the site. Most sportsbooks will also run basketball-related promotions throughout the season and playoffs.
NBA Betting Bonuses
Here are sites with some of the best NBA betting bonuses in various states, and continue reading for a description of each type of bonus.
If you aren’t in a state with legal online sports betting, you can place legal sports picks at FendOff Sports. Read our FendOff Sports review for more information and get our exclusive welcome bonus below:
Few sportsbooks are recommended higher than DraftKings, and it all started in New Jersey. The site offers all three bonus types: a $25 no deposit bonus and first-deposit match up to $1,000. It should be noted that the bonuses at DraftKings come with a 25x wagering requirement.
At FanDuel, bettors can enjoy an awesome risk-bonus bet up to $1,000 after signing up! This means your first wager will be refunded up to $1,000 if it loses. If you do need to take advantage of this promotion, any winnings only come with a 1x playthrough!
Getting a BetMGM Sportsbook welcome bonus means two things: an excellent deposit match up to $500 and the lowest possible wagering requirement of 1x to ensure you get the chance to withdraw as soon as possible!
Best NBA Betting Bonuses
There are very few things more fun for a bettor than signing up with an online sportsbook and receiving a huge welcome bonus, and it’s no wonder that players oftentimes register with a site offering the best ones.
Earning a huge bonus is a great way for players to earn profits without spending any of their own money. Any chance to wager free of charge needs to be taken and since the wager comes without risk, it opens up the possibility of going for some higher-paying markets.
NBA No Deposit Bonuses
An NBA no deposit bonus is a welcome gift that bettors can claim without having to deposit their own money into a sportsbook account. In order to use it on basketball, players just need to claim the bonus during the season, which runs from December until June in 2020-21.
On the sites that offer it, players are awarded a bonus immediately after creating a new account without the need for a deposit to trigger the reward. These bonuses can be used on a huge range of sports and with all the NBA markets offered, basketball makes for a great option to use what feels like free money.
What Is The Best NBA No Deposit Bonus?
The best NBA no deposit bonus can be found at DraftKings Sportsbook, which currently offers new players $25 in site credit just for signing up. DraftKings offers a deposit match bonus and a risk-bonus bet, but the first $25 is awarded following the creation of a new account.
There will be a time limit to spend that bonus (likely up to 30 days) so check the terms and conditions and sign up right before or during the season if the plan is to wager specifically on the NBA.
Where Can I Find NBA No Deposit Bonus Codes?
This bonus isn’t the most popular one there is and because of that, NBA no deposit bonus codes aren’t available for every site. But for the ones that do, links and bonus codes can be easily accessed on a site such as BonusSeeker.
Whether you’re looking for online sportsbooks in New Jersey or elsewhere, there are market pages on our site that detail the bonuses offered in every state where betting is legal.
NBA First Deposit Bonuses
An NBA first deposit bonus, also called a deposit match bonus, is claimed when a sportsbook matches your initial investment with site credit. Many bettors prefer this welcome gift because it’s the quickest way to getting the most funds possible to wager with.
Sportsbooks vary in how much of the deposit they match but in many cases, sites offer a 100 percent match. For the most part, site credit can be used on a huge range of markets including props, parlays, and short-term futures such as playoff series.
How Does An NBA Deposit Bonus Work?
As explained above, a deposit bonus involves the sportsbook matching your first investment in the site, sometimes 100 percent of the way.
After adding a selection to your bet slip, you’ll be prompted with the option to use your site credit to fund the wager rather than using the money you deposited. If you are not prompted with this choice when placing a wager, the sportsbook is more than likely to use site credit funds off your account before the cash you deposited.
First deposit bonuses will expire, usually within 30 days. The time frame varies from site to site) so this is another reason to check all terms and conditions.
How Do I Use My NBA Bonus?
The best way to go about spending any bonus including the one you plan to use on NBA betting is to make sure you can maximize the potential profits of the site credit.
Bonus funds aren’t returned to your account following the wager, only winnings are added to your balance. This changes how you go about placing bets with the bonus. The way to get the most bang for your buck is by looking for large payouts on small investments, such as betting parlays.
The NBA betting strategy is to wager on parlays because a small wager could earn a large payout. Dividing your bonus into multiple parlays can give you several shots and making a profit before risking your own money.
NBA Risk-Free Bets
The third type of welcome bonus players often see is a risk-bonus bet. This is essentially the sportsbook offering a refund for your first wager, should it wind up in a loss.
The offer of a risk-bonus bet is useful because you can begin betting knowing that your risk is minimized on that very first bet, which may enable bettors to take a shot at a lucrative market.
The exact amount varies from brand to brand but many sites with a risk-bonus bet offer are willing to refund you up to $500 for a loss on the first wager.
How Do You Use A Risk-Free Bet On NBA?
Getting and using NBA risk-bonus bet is extremely easy, and it requires very little work on the part of the bettor. Once you are signed up for a sportsbook that offers it and has filled your account, you’re ready to claim your risk-bonus bet.
If your first wager loses, the sportsbook will refund your account up to a certain amount, usually somewhere up to between $300 and $500, though each site varies. If you are on the losing end of that first bet, the refund should appear in your account within 24 hours.
What Can I Use My NBA Risk-Free Bet On?
If you’re an NBA bettor with a risk-bonus bet at your disposal, you are in an awesome position to maximize your earning potential even if you lost your very first bet.
The risk-bonus bet, like other site credit, isn’t returned to your account when you place the bet. For this reason, the most lucrative way to make some money in this post would be placing a parlay.
Pro basketball games come with tons of betting markets and risk-bonus bets are eligible for almost all of them. So even if you enjoy props, spreads, or totals rather than parlays, there will be a market for you.
Best NBA Betting Promotions
Generous welcome gifts aren’t the only type of NBA betting bonuses offered by online sportsbooks. Various sportsbook promotions give basketball bettors new and interesting opportunities to win all throughout the season.
Free bets, odds boosts, and parlay insurance are some great examples and here, we’ll detail each one and how to take advantage of each.
NBA Free Bets
Unlike the risk-bonus bets or bonuses that are offered at signup, some sites offer NBA bonus bets specifically for basketball season as a separate promotion. A great example would be DraftKings Sportsbook’s NBA Champ Free Bet Bonus, offered as a return-to-play promotion following the COVID-19 break.
All bettors need to do is place a $25+ wager on a team to win the NBA championship and receive a $25 bonus bet to use for the opening weekend of the season. Similar promotions exist around playoff time and throughout the season as well.
NBA Odds Boosts
These days, nearly all online sportsbooks include odds boosts, which are basically just offered for enhanced payouts on certain wagers. These sections can feature boosted lines for markets on an individual team, totals, a futures or prop market, or even a parlay created by the sportsbook.
The odds boost section is one of the most popular at online NBA betting sites because every day of the season, sites are providing boosted odds for pro basketball games and bettors know they can find profitable markets on that section of the site.
NBA Parlay Insurance
Parlay insurance is a benefit offered by a growing number of sportsbooks and it’s something bettors definitely enjoy taking advantage of because the public loves to go for the big payout with parlays.
The promotion has been going on for a while on sites such as FanDuel and DraftKings and is exactly what the name suggests: insurance for lost parlays.
In order to qualify, players must win all but one side of a parlay that is at least five legs, and all sides must have -200 odds or longer. FanDuel, for example, will refund your wager up to up to $25 but the exact amount varies from site to site.
NBA Sportsbook Bonus Wagering Requirements
The only real downside to signing up for a sportsbook and claiming a welcome bonus is the wagering requirement that comes along with it. Essentially, a wagering requirement (or playthrough) tells you the amount of money in wagers you’ll need to place before being able to withdraw funds.
For example, if you receive a $250 bonus that has a 10x wagering requirement, you’d have to make $2,500 in wagers before whatever funds are in your account can be taken out. If that same bonus comes with a low 1x wagering requirement, you only need to play through that $250 bonus one time before funds are eligible for withdrawal.
Some wagering requirements can be as low as 1x while others are as high as 30x, although most sportsbooks fall somewhere in the middle. In theory, the lower the requirement, the faster you’re able to withdraw from your account. Check the terms and conditions for all information related to this topic.
NBA Betting Bonus Frequently Asked Questions
How Do Online Sportsbook Bonuses Work For NBA Betting?
Claiming a sportsbook bonus to use on NBA betting is very easy to do. The best way is to sign up for a site with a BonusSeeker by copy and pasting our promo code or pressing the “Get Bonus” button next to the site you want to join.
While you’re completing your signup process, you’ll be able to paste the code (if you used it) and automatically be eligible for whichever welcome offer that particular brand is offering.
Are NBA Sportsbook Bonuses Worth It?
Yes, NBA sportsbook bonuses are definitely worth it, as welcome bonuses are for any sport. With so many markets and plenty containing lofty odds, these bonuses are free opportunities to earn a payout without risking your own funds.
Depending on the offer, sportsbook welcome bonuses can provide a legitimate chance to earn profits and in the case of a risk-bonus bet, it’s still a great way to minimize your risk at the start of your gambling journey.
Do NBA Sports Betting Bonuses Expire?
Yes, all bonuses are time-sensitive and will expire, but it depends on the site exactly how long bonuses remain active.
In order to claim a deposit match bonus, you are likely going to have to make your initial deposit within the first five days of signing up. From there, players should have at least an additional 7 to 14 days to use the site credit.
Risk-bonus bets are valid up to 30 days at some sites, although rules could vary between sportsbooks.