Struggling to get your NBA bets on the right track? Look no further. OddsShopper’s Free Bet Converter is the perfect tool for those who want to make the most of their sportsbook bonus bets by converting them into cash for their bankroll. For a detailed guide on how to use the Free Bet Converter, check out our breakdown here. In the meantime, let’s go over a few examples of how this tool can help maximize your earnings with bonus bets.
Today we will look at two NBA bets that you can use to convert your bonus bets, one from Caesars Sportsbook and one from BetMGM. Let’s get into it.
Free Bet Converter: NBA Bets to Turn Sportsbook Promos Into Cash
Here is a quick explanation of the Free Bet Converter: Sportsbooks offers bonus bets as promotions — for example, the current Caesars promo of “Get $1,000 as a bonus bet if your first bet loses.” However, they will not let you use those to play both sides of the game, as that is a quick way for the sportsbooks to start losing money. But if you use the bonus bets they offer to play one side of a game and then head to another sportsbook to play the other side, you have a chance to guarantee profit. That is what OddsShopper’s tool helps to calculate; it shows you the best value for these types of wagers at each sportsbook and where to go to play the other side.
Caesars Sportsbook Free Bet Converting for NBA
As mentioned above, Caesars Sportsbook’s bet forgiveness promo rewards new users with a bonus bet up to $1,000 if their first bet loses. That provides a lot of flexibility here as we look to cash in on an NBA bet conversion.
Let’s head to the NBA on Caesars and take a look at Celtics-Grizzlies. This is the top value in the Free Bet Converter for the Caesars Sportsbook’s bonus, and to take advantage we are going to target the moneyline:
- Take advantage of Caesars’ offer by playing the Grizzlies moneyline (+430)
- Make a 3.583x wager on the Celtics moneyline (-500) at BetRivers.
- With a 71.67% conversion rate, that will lead to a guaranteed profit of $7.17 on a $10 bet.
BetMGM Free Bet Converting for NBA
BetMGM’s bonus bets promo is also a bet forgiveness offer: You will receive bet credits if your first bet loses rather than receive them as a sign-up reward after making an initial bet. For an NBA conversion with BetMGM, we are going at the Trail Blazers alternate spread of -3.5 (they are set as 6.5-point underdogs), which gets them well into plus money as they host the Thunder:
- Use BetMGM’s promo on the Trail Blazers point spread of -3.5 (+340)
- Make a 2.706x wager on the Thunder point spread of +3.5 (-3900) at DraftKings.
- With a 69.39% conversion rate, that will lead to a profit of $6.94 on a $10 bet.
New to sports betting? OddsShopper’s selection of Betting 101 articles is here to help. Check out our guide to finding positive expected value (+EV), and you can unlock more +EV plays by signing up for OddsShopper Premium! Don’t believe OddsShopper will change your betting results? Check out Greg Ehrenberg’s profits:
This right here is the OddsShopper difference.
