CAESARS SPORTSBOOK: TOP NBA SPORTS BETTING ODDS in 2024
Looking for a fast and reliable betting site to place your NBA bets? Caesars Sportsbook offers not only a secure and user-friendly platform but also some of the most competitive NBA betting odds in the industry.
Caesars Entertainment, the renowned hotel and casino entertainment brand, has transformed its subsidiary into one of the best sportsbooks in the U.S., offering premium betting solutions on major sports.
Bookmark this page so you don’t miss out on any of the action as we will be sharing the top NBA betting odds at Caesars Sportsbooks along with odds from other bookmakers for easy comparison.
Want to win even more? Check out our AI Sports Betting program that delivers daily picks each with their own Confidence Score to help make building your bankroll even easier. Check it out today!
How to read Caesars Sportsbook's NBA betting lines
Caesars Sportsbook operates primarily in the United States (they do provide sports betting solutions to people who reside in Ontario, Canada). As a result, their odds are displayed in the American format.
American odds, also known as moneyline odds, are an odds format that express the probability of an event happening using signed numbers (numeric characters with a plus/minus sign attached to them).
For example:
- +100
- -110
How to read American NBA betting lines (odds)
American odds, like fractional and decimal odds, indicate which team is the favorite to win (or attain a desired result) in a particular matchup. So, for instance, in a matchup between the Dallas Mavericks and the Philadelphia 76ers, Caesars Sportsbook could assign negative odds of -110 to the 76ers.
This indicates that the 76ers are favorites to win the match and bettors would need to wager $110 dollars to win $100. To drive the idea home even better, if the odds for the 76ers were set at +110, bettors would receive $110 for every $100 staked.
This is essentially how American NBA betting lines work; positive odds signify the payout on a $100 bet while negative odds show how much you’d have to wager to win $100.
Types of NBA sports betting odds offered by Caesars Sportsbook
Caesars Sportsbooks allows NBA fans to wager on a wide variety of betting markets. In this section, we take a look at the NBA odds offered by Caesars Sportsbook.
Moneyline bets
A moneyline bet (otherwise known as money odds) is simply a wager on the winner of a particular matchup or event. In this type of bet, punters wager on the final outcome of an NBA game.
Let’s say the Milwaukee Bucks are set to face the Charlotte Hornets with both teams assigned -350 and +500 odds respectively. From our earlier analogy, it’s clear that the Bucks are the favored team in this matchup and bettors would have to risk $350 to potentially earn a $100 return.
Conversely, a $100 bet on the Hornets to win the game would pay out $500.
Top Picks For The Week
Point Spread Bets
When it comes to NBA bets, point spread betting is one of the most common types of bets out there. Basketball fans have been betting against the spread for a long time, as they look to earn a payout playing or taking the points all season long.
Point spread betting explained
In NBA point spread betting, the goal for bettors is to determine the winner of NBA games after a number of points is added to or subtracted from one team’s total. And unlike NBA odds, there is the potential that the winning team does not win after the spread is applied.
There is also the potential for ties, when the favorite wins by the exact amount of points subtracted from their score using the spread.
As it pertains to NBA spread betting, there is a favorite and an underdog in each game. The favorite is the team who has points deducted from their score.
This is denoted by a minus sign, with their point spread amount appearing as a negative number. The underdog, meanwhile, has points added to their score in the spread market.
This is shown in the form of a plus sign next to their handicap number, indicating the positive number will be added to their final score.
When a game is over, bettors can add or subtract the point spread from their team’s score.
If the team they backed has more points than their opponent once the handicap is applied, their bet is a winner. If the scores are equal post-handicap, the bet is graded as a push and the bettor is refunded. And if the team being wagered on has fewer points post-handicap, the bet is graded as a loss.
Typically, NBA odds for spread bets are -110 on each side, though that could fluctuate slightly depending on where a bet is being placed. Unlike in the moneyline market, a player may not have to risk more money to back a heavier favorite, they instead have to lay more points with that favorite, who then has to win by a larger margin to cover the number.
Over/under (Totals) bets
In this market, bettors wager on the total points in a game exceeding or falling below a threshold set by sportsbooks. An “Over” bet will involve wagering on the total points scored by both teams exceeding the threshold, while an “Under” bet is on the final score falling below it.
This is why they’re sometimes called “Totals” bets. To illustrate, imagine a matchup between the Golden State Warriors and the Phoenix Suns. The sportsbook sets the total points for the game at 230.5.
- Over 230.5: If you bet on the over, you win the bet if the final combined score of both teams is greater than 230.5 points. For instance, a final score of 120-112 (232 points) would result in a winning over bet.
- Under 230.5: Conversely, if you bet on the under, you win your bet if the final combined score is less than 230.5 points. A final score of 115-108 (223 points) would win the under bet.
Prop bets
A proposition bet, popularly called a prop bet, is a gamble on the occurrence (or non-occurrence) of a specific event or performance milestone during a game. Prop betting allows bettors to wager on events that do not affect the final outcome of a matchup.
In a prop bet, players bet on a team’s or player’s performance. A good example would be betting on the total number of rebounds a particular player will make or the total number of points team A will score in the first quarter.
Prop bets allow players to combine multiple wagers on a single game into a parlay bet. This is because they are not dependent on if either of the teams win or lose.
Ever wondered, what is the average height of an NBA player? Check out our guide and find out!
Step-by guide on how to make your first bet on Caesars Sportsbook
- Access Caesars Sportsbook
Remember: you can access the live site or download the mobile app.
- Log in or create an account
Once that’s out of the way, you’ll be asked to log into your account or create a new one. Click the “Signup” button and follow the prompts to set up a new account.
- Select sport
Switch to “NBA” to explore all the betting options for upcoming basketball games.
- Make a deposit
To fund your account, click the profile icon on your screen and scroll to “Deposit.” Follow the prompts and deposit funds into your virtual wallet.
- Select your bet type
Bettors can choose from three main options for each match; Moneyline, Point Spread, and Over/Under. Make your selections (single bets or parlays) and place your wager.
- Monitor your bets
Monitor open bets in the “Betslip” section. Here you can track live and completed bets.
How to redeem NBA bonuses on Caesars Sportsbook
Caesars Sportsbook awards users reward points (also called “Reward Credits”) for betting on their platform (either in-app or on the desktop site). New and existing users can earn up to 20 Caesars rewards credits for staking a minimum of $100 on single or multiple bets.
These credits are redeemable across all their services, including online casino games and hotel stays at a rate of around 100 credits for $1.
Caesars Sportsbook Promo codes
Caesars Sportsbook is known for offering some of the most enticing promotions in the industry. Depending on location, users can get between $50 and $1000 in bonus bets on their first wagers.
Below is a comprehensive table detailing the states where Caesars Sportsbook legally operates, along with the promotions available to users in these locations.
| Legal states | Promotions | Eligible Promo Code |
| Arizona | New users get up to $1000 in bonus bets if they lose their first wager. | CZR1000 |
| Colorado | New users get up to $1000 in bonus bets if they lose their first wager. | CZR1000 |
| District of Columbia | There are currently no promotions in this region | N/A |
| Illinois | New users get up to $1000 in bonus bets if they lose their first wager. | CZR1000 |
| Indiana | New users get up to $1000 in bonus bets if they lose their first wager. | CZR1000 |
| Iowa | Double your profits on bets of $1 or more. Available to new users only. | CZRDYW |
| Kansas | New users get up to $1000 in bonus bets if they lose their first wager. | CZR1000 |
| Kentucky | New users get up to $1000 in bonus bets if they lose their first wager. | CZR1000 |
| Louisiana | New users get up to $1000 in bonus bets if they lose their first wager. | CZR1000 |
| Maine | Double your profits on bets of $1 or more. Available to new users only. | CZRDYW |
| Maryland | Double your profits on bets of $1 or more. Available to new users only. | CZRDYW |
| Massachusetts | New users get up to $1000 in bonus bets if they lose their first wager. | CZR1000 |
| Michigan | New users get up to $1000 in bonus bets if they lose their first wager. | CZR1000 |
| Mississippi | There are currently no promotions in this region | N/A |
| Nevada | Receive up to $50 in bonus bets on your first wager (New players only) | NVCZR50 |
| New Jersey | New users get up to $1000 in bonus bets if they lose their first wager. | CZR1000 |
| New Mexico | There are currently no promotions in this region | N/A |
| New York | New users get up to $1000 in bonus bets if they lose their first wager. | CZR1000 |
| North Carolina | Get up to $250 in bonus bets when you wager $10 as a new user. | CZRNC |
| Ohio | New users get up to $1000 in bonus bets if they lose their first wager. | CZR1000 |
| Pennsylvania | New users get up to $1000 in bonus bets if they lose their first wager. | CZR1000 |
| Tennessee | New users get up to $1000 in bonus bets if they lose their first wager. | CZR1000 |
| Virginia | New users get up to $1000 in bonus bets if they lose their first wager. | CZR1000 |
| Washington | There are currently no promotions in this region | N/A |
| West Virginia | New users get up to $1000 in bonus bets if they lose their first wager. | CZR1000 |
| Wyoming | New users get up to $1000 in bonus bets if they lose their first wager. | CZR1000 |
FAQ
How long does it take to withdraw money from Caesars?
Depending on the selected payment method, withdrawing funds from Caesars Sportsbook can take anywhere from a few hours to as long as five days. However, it’s worth noting that Caesars Sportsbooks processes withdrawal requests the moment they are sent.
How do point spreads work in the NBA?
In the NBA, point spread odds work as they do in all other sports. The amount of the point spread is added to the score of the underdog, or subtracted from the score of the favorite. The team with the higher score after that number has been applied to the actual score of the game is the winner for the purposes of the spread bet.
Does Caesars Sportsbook have an app?
Yes, Caesars Sportsbook has a mobile app. The Caesars app is available to both Android and iOS users.
Check out our list of the best betting apps of 2024.
Affiliate Disclosure: Lines may receive advertising commissions for visits to a sportsbook or betting site.
