Caesars Sportsbook Promo Code Lends $1,250 For Tuesday’s NBA Triad

Tuesday's triple header of NBA action offers the Caesars Sportsbook promo code ACTION4FULL, which will secure up to $1,250 in value. If your first bet loses, you'll be refunded in bet credits, equal to whatever you lost, up to $1,250.

If you're in Ohio, Caesars promo code ACTION41BET accesses up to $1,500 value by signing up and placing a wager on any of Tuesday's events.

• Caesars Ohio promo code: ACTION41BET
• All other states: ACTION4FULL

The Milwaukee Bucks and Washington Wizards present some interesting betting lines, as Milwaukee will look to bounce back from the 118-95 loss to Washington on Sunday.

Let's unfold what to look for when betting Wizards-Bucks with this promo, how it will access bet credits and more insights for Tuesday with Caesars.

Applying This Caesars Promo 

This promotion means you will be replenished with whatever you waged up to $1,250 should your bet lose.

Washington Wizards (+250) vs. Milwaukee Bucks (-320) 

It's the third place, 23-13 Bucks seeking redemption against the tenth place, 17-21 Wizards on Tuesday at 8 p.m. ET. Washington rides a five-game win streak into Milwaukee, which includes their auspicious victory over the Bucks on New Year's Day. "Auspicious" in the sense that the Bucks were without four key players: Giannis Antetokounmpo, Khris Middleton, Jrue Holiday and George Hill.

Most of those omissions are expected to return to the floor to bolster Milwaukee's production against a stout Washington defense on Tuesday. Here's what our NBA analyst Jacob Mckenna thinks regarding betting the spread in this one:

Having fewer injuries is certainly an advantage for Milwaukee, but I think Washington’s newly found momentum will be enough to keep this game close.

Given Middleton’s absence and the fact that Washington is averaging 121.0 points per game on 55.3% shooting in their last five, despite Bradley Beal missing the last three games, I think we see the Wizards stay competitive and cover the spread. I would play this down to 6.5.

Choosing a Pick

So here's the pick for Tuesday evening: Alt Spread Wizards +6.5 at +106

Say I deposit $100 on this play. It's either win like any other bet and receive a $106 profit for a $206 payout. But if it loses, and get the $100 I lost back in bet credits.

Using Caesars Bet Credits

Betting with bet credits is similar to a friend spotting you for a bet. If it wins, you'll get your profits, but not the bet credits. If it loses, I lose the bet credits and make no profits.

Suppose the Wizards bet falls through and I have $100 in bet credits. I'll see those in my account as soon as the bet settles. If I was looking to have a late week night, I can take all $100 (although I could break it up into separate bets) and place it on Fresno State to defeat New Mexico at 11 p.m. ET. These odds are set at +160 with Caesars.

If Fresno State wins, I'll win $160 of real cash back, but lose the $100 in bet credits. But if they lose, I am at $0.

Quick Tip: How to Hedge

In sports betting circles, you may have heard the term “hedge” thrown around a time or two. Hedging is a more grounded approach to betting; a bettor will wage on the opposite side of their original bet when the odds of it winning becomes more realistic.

Here's an example: Let’s say I bet $1,000 on the Wizards to upset the Bucks at +250. The Wizards are leading by two possessions with less than a minute to go. The +250 is no longer available on the market at this point, as the Wizards moneyline would be minus since they’re leading.

I can either ride the bet out and hope the Seahawks can finish ahead or hedge the bet to insure my $1,000. This means I would place a wager on the Bucks to come from behind and win the game. It would cut my winnings if the Wizards still win, but also provide some sort of profit in the case of either result.

For more insight, read our 12 sports betting tips and a how-to for reading American odds guide. Or, learn more about varying sportsbook bonuses.

More Ways to Bet Tuesday

• Our staff lists their Best NBA Bets for the Tuesday slate, including the Kings spread and a player prop for Celtics-Thunder.
• Joe Dellera provides reasoning to wagering on Kings +2.5 and Domantas Sabonis Over 41.5 PRA in the Kings-Jazz matchup.
• Nicholas Martin evaluates how the Flames-Jets tilt should favor Calgary.
• Tony Sartori breaks down why Stars-Kings presents a recipe for the under.

Signing Up With Caesars

1. Click here and select your state, and input the Caesars promo code ACTION4FULL (or ACTION41BET in Ohio).
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.