FanDuel promo code for NBA playoffs: Bet $5, Get $200 in bonus bets if your bet wins

The New York Knicks and Denver Nuggets each pulled off Game 1 stunners Monday night. NBA fans can check out the latest FanDuel promo to get $200 in bonus bets ahead of Wednesday's Game 2 action in both series. Let's explore the latest offer and Wednesday's NBA playoff slate.

How to claim FanDuel's promo code

For anyone interested in FanDuel's sign-up offer, here's how to get $200 in bonus bets.

1. Click "Claim Bonus" on this page, which directs you to FanDuel 
2. Sign up for an account and enter the requested information 
3. Deposit at least $5
4. Make a first bet of at least $5 

With FanDuel's offer, you only get $200 in bonus bets if your first wager of $5+ wins. There isn't an odds requirement for the first bet, though, so new users could find as big of a favorite as possible for that first bet in order to secure the bonus funds.

If the new user receives the $200 in bonus bets, he or she can wager with those funds in whatever fashion they like. It can be one $200 bet or even 200 $1 bets. Just be aware that all bonus bets expire in seven days. When betting with bonus bets, you only get the winnings back for the entire payout.

New users must be 21+ to sign up for FanDuel Sportsbook.

FanDuel promo comparison

If you're curious how FanDuel's offer compares to other sportsbook promos, you can see below.

FanDuel is not the only sportsbook running a bet $5, get $200 in bonus bets promotion. DraftKings has the same reward, except you get the bonus bets regardless of whether your first bet of $5 hits. You don't have to worry about your first bet winning at bet365 either, though the $150 in bonus bets is a lower amount than FanDuel and DraftKings.

BetMGM will match up to $1,500 in bonus bets if your first bet loses, while Fanatics will match a total of up to $1,000 in bonus bets ($100 each day over your first 10 days with the sportsbook). Caesars is offering users 10 100% profit boost tokens to potentially double their winnings after a first bet of $1. 

Betting on NBA Playoffs

The Knicks rallied from 20 points down to steal Game 1 in overtime on the road in Boston. This was the first time they had beaten the Celtics this season, as Boston had prevailed in all four meetings in the regular season. Even after that Game 1 shocker, the Knicks are still +295 underdogs to advance to the Eastern Conference Finals, with the Celtics serving as -370 favorites. For Game 2 at 7 p.m. ET, Boston is a massive 10-point home favorite and -480 on the money line. Meanwhile, New York is +370 to go up 2-0 in the series.

That's not even the biggest Game 2 spread, as the Thunder are -11 against the Nuggets at 9:30 p.m. ET. Aaron Gordon's go-ahead triple with under three seconds left gave Denver a shocking 121-119 victory on the road after the Nuggets had trailed by 11 points with 4:30 remaining in the contest. The Thunder are still +170 NBA title favorites and -320 series favorites over the Nuggets, but they will have a nearly impossible task of slowing down Nikola Jokic for at least four more games. Jokic went off for 42 points and 22 rebounds in Game 1.

Responsible Gaming

Whether you're a first-time bettor or a professional, everyone needs to educate themselves about the importance of responsible gaming. FanDuel has tools for all bettors to help with this issue, including time limits and wager limits.

There are national resources as well, including The National Council on Problem Gaming, Gamblers Anonymous and calling 1-800-GAMBLER.