Caesars Sportsbook Promo Code North Carolina: ACTION4NC Unlocks $250 in Bonus Value on Launch Day; $1K in Other States
Monday marks the official launch of online sports betting in North Carolina and if you sign up with the Caesars Sportsbook NC promo code ACTION4NC, you will get $250 in bonus bets after placing your first $10 wager.
The $250 value will come in five $50 bonus bets that expire if you don't use them within 14 days.
Caesars autofills the promo code into the field, so just use the link below to get started with betting in North Carolina on Monday.
You can use a first bet on the house of up to $1K in the other 20 live Caesars states by using Caesars promo code ACTION41000. This means whatever amount you wager will be insured if you lose your first bet.
We'll talk more about both offers below along with an example of bonus bets at Caesars.
What is the Caesars North Carolina Promo Code?
The Caesars Sportsbook NC promo code ACTION4NC is a bet/get offer, which means if you place a minimum of $10, you will access the $250 no matter what happens.
For instance, if I placed a $10 bet on Hornets +160 in Monday's matchup against the Pistons, I would have a $26 cash payout if Charlotte wins along with five $50 bonus bets. If Detroit wins, I would just have the five bonus bets without the payout.
If you're signing up outside of North Carolina, I would suggest placing the entirety of you bankroll on the first bet. It will maximize value whether you win or lose.
Say I placed $1K on that same Hornets moneyline bet. I would have $2,600 if the Hornets win and the promo is effectively over with. But if they lose, I get the max value of the offer, which is $1K worth of bonus value.
As I previously mentioned, Caesars makes you place your bonus bets in $50 increments with the North Carolina offer. The standard $1K offer will be however much value you get in one bonus bet. So if I lost a $1K first bet and now have $1K in bonus bets, that's one $1K bonus bet I have to place altogether on something.
The optimal way to use bonus bets is by betting an underdog. It's the best way to enhance your expected value, which means the average if a game were to be played an infinite number of times.
We've proven that it's mathematically impossible to get more value on a favorite than on an underdog. This example shows the drastic difference in expected value with a heavy favorite versus two underdogs.
| Odds | Win Amount | Probability | EV |
|---|---|---|---|
| -250 | $20 | 71.43% | +$14.28 |
| +250 | $125 | 28.57% | +$35.71 |
| +500 | $250 | 16.67% | +$41.67 |
Since the Hornets are priced at +160 on Monday against the lowly Pistons, I would suggest using a bonus wager here. A $50 bonus bet would return an $80 cash payout, but the $50 stake goes away.
Signing Up at Caesars
Here's how to get started at Caesars:
- NC users, click here to begin the registration process. All other states, click here.
- Enter all your real, personal information. If you use fake info, Caesars can't verify your identity, and your account won't be verified. For the best chance of getting verified right away, make sure the info you enter matches what's on your photo ID.
- Enter promo code ACTION4NC at checkout (or ACTION41000 if you're in another state).
- On March 11, make a deposit and a $10 wager.
- After that, you'll have your $250 bonus bets and seven profit boosts.
21+ only. New users and first $10+ wager only. Offer valid and must be physically present in AZ, CO, IL, IN, IA, KS, KY, LA, MA, MD, ME, MI, NJ, NY, OH, PA, TN, VA, WV, and WY only. Know When To Stop Before You Start.® Gambling Problem? IL, MD, NJ, OH, PA, TN, VA, WV: Call 1-800-GAMBLER. MA: CALL 1-800-327-5050 or visit gamblinghelplinema.org. NY: Call 877-8-HOPENY or text HOPENY (467369). ©2023, Caesars Entertainment
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