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Caesars Promo Code Locks Up to $1,250 for NBA, NHL Wednesday

Caesars Promo Code Locks Up to $1,250 for NBA, NHL Wednesday article feature image

Ten games around the NBA and a trio of NHL tilts spells opportunity to bet freely with Caesars Sportsbook‘s first-bet insurance of up to $1,250.

If you’re new to sports betting, Caesars will insure your first bet of any amount from $10 to $1,250 if you plug in the code ACTION4FULL or sign up here.

There are only two outcomes on a bet with this promotion:

  • If your first bet wins: you keep the winnings and your deposit.
  • If your first bet loses: you’ll get refunded in free bets equal to your wager.

Give our 12 tips for beginners and guide to reading American odds a read if you’re new to the world of sports wagering.

I’ll take readers into a detailed synopsis of first-bet insurance using games and picks from Wednesday’s menu of action.

First-Bet Insurance: Wednesday’s NBA Slate

Let’s dive right in and suppose you deposit $450 to bet on Wednesday’s slate with first-bet insurance.

We suggest always going plus-money (+100, +250 etc) when using a promotional code.

Here’s a four-leg parlay comprised of picks pulled from our NBA expert Matt Moore’s column on Wednesday:

Bet Line
Bucks -3.5 -110
Hornets +8 -110
Nuggets -5.5 -110
Blazers +2.5 -110
Total +1228
  • If this parlay hits, you win $5,526, keep the $450 deposit and have a total of $5,976.
  • If the parlay doesn’t hit, you get $450 back, but in free bets (more on that below).

Here’s some excerpts from Moore and why he chose these picks Wednesday:

Nets-Bucks: Brooklyn is habitually overrated by the books; they have to be with Kevin Durant and Kyrie Irving. If the Nets win, it’s because those guys did what they did to Toronto by repeatedly hitting impossibly tough shots. That can happen. But if we’re playing the percentages, there’s value on Milwaukee to win and cover.

Hornets-Knicks: I have upgraded the Knicks to a +2 vs. an average team from their preseason mark of -2. Even with all that, I can’t get to Knicks -8. It’s close, but also Dennis Smith Jr. was impressive in his fill-in game. I wouldn’t call this a “best bet.” But it’s just too many points. I like it to 7, no more.

Lakers-Nuggets: Michael Porter Jr. is questionable for this game. But Denver tends to get up for national TV games. I make this Nuggets -8.5 in Denver’s altitude. If you’re going to bet the Lakers? Bet the moneyline. They’ll either win this outright or get waxed.

Heat-Trail Blazers: I get the counterargument: You’re buying high on the Blazers and selling low on Miami. However, Miami has real structural problems offensively. They are the sixth-worst in eFG%. These two teams should be rated more evenly. Damian Lillard is the best player on the floor right now. (If this were the playoffs, I’d say it’s Jimmy Butler.) The Blazers have gotten to +2.5, but I think they should be favored (-1.5) in a close game.

Watch our NBA Best Bets Wednesday preview for more ways to bet basketball with first-bet insurance:

Caesars not in your state? Check out the latest BetMGM bonus code.

How Free Bets Will Work: 

So your bet doesn’t hit. You now have $450 refunded in free bets that you can wager with, but not withdraw.

Let’s say you want to save some of your free bets to use strategically. You bet $300 of your $450 in free bets on this Game 1 World Series parlay on Friday:

Bet Line
Justin Verlander Over 5.5 Strikeouts -164
Bryce Harper Over 1.5 Bases +100
Total +280
  • The parlay hits: You win $840 ($300 x 2.80), but the $300 in free bets disappears.
  • The parlay misses: You win $0, but still have the extra $150 in free bets you kept aside.

More Ways to Use Free Bets This Week:

Things to Know With Caesars

  1. Click here and select your state, and input the Caesars promo code ACTION4FULL.
  2. Provide your basic personal information to create an account, including your name, date of birth, address & email address.
  3. Make a deposit using your bank account, PayPal or credit/debit cards.
  4. Download the Caesars Sportsbook app and login.
  5. Wager up to $1,250 on your first bet.

Here’s everything you need to know if you’re traveling and betting.

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