NBA betting promos can be a goldmine if you know how to leverage them strategically. Here we’ll explain how to use NBA betting and sportsbook promos like bonus bets and first-bet offers while incorporating tools like Tails By OddsShopper, Portfolio EV, the Arbitrage Tool and Bonus Bet Converter to get the most out of them.
How to Use NBA Betting Promo Codes and Bonuses
Step 1, though, is finding the best NBA betting promo codes — and we have you covered there. It’s also important to note that different states have different sportsbooks and sports betting regulations (such as where you can bet college player props). Check out the list of sportsbooks below to see what options are available in your state:
If you are in a legal sports betting state, you can get access to Portfolio EV FOR FREE when you sign up for one of our partners! Click here for details, and start combining sportsbook bonuses with Portfolio EV right away. Keep reading to find out how this can help you get the most out of your NBA betting promos.
Understand the Value of a Promo
Sportsbooks aim to entice bettors with promos while holding the long-term edge. To take advantage of this edge, you need to look at these promos as tools to increase expected value (EV) rather than as gifts with no strings attached.
Bonus Bets are not free money, but they can be turned into profit with the right approach. A bonus bet gives you the opportunity to place a wager without using your own funds, but only the winnings (not the initial stake) are returned if you win. Therefore, the key to maximizing this is selecting bets with higher potential returns, as wagers with shorter odds minimize your upside.
Look for markets where the sportsbook margin is lower. A heavily juiced market eats into your potential profit. Portfolio EV can help you find the most favorable lines, ensuring that you’re betting into low-hold markets where your bonus bet has maximum +EV potential.
Taking Advantage of First-Bet Offers
First-bet offers are another powerful tool. With a first-bet offer, if you lose your initial wager, the sportsbook will typically refund you in the form of one or multiple bonus bets.
The trick here is not to waste the opportunity. You want your first bet to have positive expected value, as bettors need to be strategic with every wager. Don’t treat the first-bet offer as a safety net — rather, use it to place a higher-risk, higher-reward wager. If you win, you profit big, and if you lose, you still get another chance with the bonus bet.
Using OddsShopper’s Tools to Maximize NBA Promos
Arbitrage Tool: OddsShopper’s Arbitrage Tool allows you to find discrepancies between different sportsbooks’ lines, so you can bet on both sides of a game or outcome and guarantee a profit. This is especially helpful if you’re using a bonus bet or first-bet offer. You can effectively lock in a win on one side while using the promo on the other side, ensuring you profit regardless of the result.
Bonus Bet Converter: Turning bonus bets into cash is crucial. OddsShopper’s Bonus Bet Converter shows you optimal ways to convert your bonus bets into real money by identifying differences in sportsbook lines and providing strategies for guaranteeing a return, similar to arbitrage betting.
Portfolio EV: Portfolio EV is also a great way to learn which portfolios return the most profit long-term, and using your bonus bets on these portfolios maximizes your chances of getting something out of your bonuses. Check out our breakdown of Portfolio EV for details.
Tails By OddsShopper: But maybe you want to use your bonus bets and/or first-bet offers on longshots. Well, we have resources for that too! Join Tails By OddsShopper and get access to all sorts of insiders and their communities, where you can bounce bets off each other, discuss strategies for any given slate of games and access exclusive content from industry leaders. For example, in NFL Week 2, our guy Loughy and his community took down several huge round robin and straight bets en route to a massive payday — and this wasn’t a Loughy hunch, but rather a community member giving everyone a leg up.
These tools can all get you the most out of your NBA sportsbook promos and bonuses — so don’t just throw them away because they’re “free.” Use them responsibly!
Key Strategies for NBA Betting Promos
Don’t Chase Low Odds: Always aim for bets with good value, even if that means taking on a bit more risk. A win on a +300 bet with a bonus bet is far more valuable than a win on a -110 bet.
Utilize Multiple Sportsbooks: Exploit market inefficiencies in lines across different sportsbooks. With NBA promos, use multiple sportsbooks to take advantage of overlapping promos, especially when pairing a first-bet offer on one sportsbook with a strong market elsewhere.
Leverage News and Injury Reports: NBA games are highly influenced by roster changes and injuries. Make sure to use NBA betting promos during times of uncertainty, when the lines might not yet reflect key player absences. This increases your chances of finding a line inefficiency.
Conclusion: Don’t Waste Your NBA Betting Promo Codes!
The real key to long-term profitability is understanding how to create +EV opportunities. NBA betting promos like bonus bets and first-bet offers provide excellent avenues for this if used correctly. By leveraging tools like the ones we have at OddsShopper, you can maximize the value of these promotions and turn them into consistent profits.
The next time you see an NBA promo code, approach it with strategy, not impulse. With the right mindset and tools, these promos can be the foundation of long-term betting success.
