With five different champions in the last five seasons—the first time that’s happened since the 1970s—it’s fair to say parity is as high in the NBA as it’s been in some time. 

That should make for a fantastic upcoming 2023-24 season, with NBA teams like the Celtics, Bucks, Suns, and Lakers all chasing Nikola Jokic and the Nuggets for basketball supremacy.

Also, it means prospective sports bettors and NBA fans alike should hop aboard the various online sportsbooks that are handing out excellent welcome bonus offers on the horizon of the NBA season. 

One, in particular, is the BetMGM NBA bonus code BOOKIES, where you can get get back up to $1,500 in the form of bonus bets if your first wager loses. 

It’s a fantastic offer for your NBA betting and is available right now. Here’s what you need to know about the BetMGM NBA bonus code.

BetMGM NBA Bonus Code BOOKIES: Get $1,500 Bonus If Your First Bet Loses

The best BetMGM NBA betting promos are included in our guide below. These are all great BetMGM betting promos to bet on any NBA game, so we want you to find out how to sign up for them and claim these deals today: 

BetMGM NBA Betting Promos

Bonus bets are an excellent feature that all bettors who register at BetMGM can earn as soon as their account is created. These bonus bets act as tokens that pay out real cash profit—all at no additional cost to you. Suffice it to say, it’s a great idea for all bettors to grab them any time they’re offered like they are at BetMGM right now.

With BetMGM, that means receiving $1500 in bonus bets if your first bet loses when you use BetMGM NBA bonus code BOOKIES. If your bet wins, you're profitable and on your way with BetMGM Massachusetts. But if your bet loses, you'll receive bonus bets that total the full amount of your original losing wager. You basically get a do-over to get your bets correct.

That means your first real-money wager will either earn you cash profit with a victory, or you’ll receive matching bonus bets equal to the amount you wagered if it loses. 

Alternatively, new players in NJ, WV, MI, and PA will have another welcome bonus offer option to choose from when they register with BetMGM. They can use bonus code BOOKIESFB200, and claim this offer: Bet $10, Get $200 in Bonus Bets!

Figure out which of the two offers is best for your specific sports betting needs and get started with registration at BetMGM.

How To Sign Up For A BetMGM Sportsbook Account

The good news is that it’s incredibly simple to sign up for a new account. Using the BetMGM NBA bonus code BOOKIES is a three-step process that can be completed in just a few short minutes. Here’s what you need to do:

1. Begin your registration for a new BetMGM account by clicking any BET NOW button here; when asked to enter one, type in the BetMGM NBA bonus code BOOKIES to unlock your welcome bonus
2. Enter all of your relevant personal information to BetMGM to create your account; bettors must verify they are at least 21 years old and physically located in one of the dozen-plus states where BetMGM is operating
3. Deposit at least $10 into your new account

Additional BetMGM Features For NBA Betting

Bettors will get off to a terrific start when they register at BetMGM. Whether you take the guarantee of bonus bets or the first-bet bonus up to $1,500, you’ll have a great head start on the competition. But there’s much more in store for bettors who play here. 

Here are a few of the best examples of the ones we find that players use most:

Odds Boosts and Insurance: Want to increase payouts at no additional cost to you? You’ll have that option when playing with BetMGM. Odds boosts are available on some of the biggest odds in the most popular markets of a given sports night—for example, boosting odds from +110 to +150 means you’d earn $150 profit on a $100 bet instead of $110. Insurance means a losing wager will return you a certain percentage of your wager (usually $5 or $10 at most) in the form of a bonus bet.

Parlay Builder: BetMGM’s unique tool allows bettors to create parlays in one location, watching their odds increase in real time as they add and remove the legs of the parlay. It’s a great feature that lets you keep track of all your sports picks, as it can get pretty complicated the deeper you go. It’s always important for a website or mobile app to keep things simple and easy, and the user experience is a major benefit of the Parlay Builder.

Rewards Program: The more you bet, the more you earn. Every real-money wager that bettors place at BetMGM will earn them points toward your Loyalty Rewards, with bettors able to eventually redeem them for even more perks and offers such as additional bonus bets.

How NBA Betting Promos Work

Sign up for a new account and use the BetMGM NBA bonus code BOOKIESFB200 when you do. Make a $10 deposit and then wager it on the odds of your choosing. Once your bet settles, you’ll have four $50 bonus bets waiting in your account. 

You can find those bonus bets when you click on new odds and see them populate in your bet slip. Click on the “use bonus bet” button and you’ll see your potential payout in it (remember, the bonus bet amount is not included in any of those winnings). 

How To Bet On NBA

The talent level in the NBA has never been greater than it is today, meaning betting on the sport is no easy task. The Bulls, Spurs, and Warriors dynasties are a thing of the past, and parity is reigning supreme. But there are a few trends that you can pay attention to and research you can do to maximize the potential of winning your bets. 

The first is looking at the schedule. Though the NBA is doing all it can to make sure the game’s best players are on the court, rest is inevitable—especially when considering where a team is on their schedule. Pace—how quickly teams play—and their offensive strategy—3-point heavy, looking to get to the free throw line more, packing the paint—should all be taken into account when placing your bets.

Oddsmakers will take this into account, too, but it can really make a difference if you do the right research and read expert opinions. 

Also, it's critical to shop odds by registering for multiple online sportsbooks. While BetMGM has competitive odds on all the major markets, they won’t always have the most lucrative odds on every single game. If you find a spread you like, see what the odds are at multiple operators—it may feel small, but it’ll add up over time.

How To Bet On Live NBA Games

While the majority of your bets will happen before games, there are so many great options for bettors once the action begins. Live betting is available on dozens of sports betting markets, with odds and lines changing over the course of a game based on what’s happened to that point and the time remaining in the matchup. 

You’ll need to be quick with your picks, as these odds change quickly—especially in a sport like basketball with constant action. That’s why it’s great to have a quick website and mobile betting app to accept your picks—which BetMGM has for NBA bettors.

Where Can I Bet On The NBA

Bettors will have myriad options to choose from if they want to place NBA bets at online sportsbooks. Places like BetMGM Sportsbook will have hundreds of different odds for bettors to make on each NBA game—in addition to the biggest and best futures that update throughout the year. There’s always value to be had, whether it’s with your welcome bonus, an odds boost, or something else to enhance the online sports betting experience.