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The NBA Playoffs are here, and the Cleveland Cavaliers are the No. 1 seed in the Eastern Conference after a stellar 64-18 campaign. They take on the Miami Heat, who earned the No. 8 seed after beating both the Chicago Bulls and Atlanta Hawks in the NBA Play-In Tournament. Miami went 37-45 this season and is the lone sub-.500 team in the field. The Heat are also the first team to get out of the Play-In Tournament after entering as the No. 10 seed. The series kicks off in Cleveland Sunday night, and those who have a strong opinion on which way this game, or the series at large, will go can sign up for the latest DraftKings promo code to earn $200 in bonus bets after placing a first wager of $5. 

Here's more information on how to claim this offer from DraftKings and how it compares to what other sportsbooks are offering. We'll also dive into Heat-Cavaliers Game 1 and look at the series as a whole. 

How to claim DraftKings' promo code

The DraftKings promo code is only available to new users who have never signed up for the sportsbook before. It's also only available to those of legal age who reside in a state in which DraftKings operates. 

To claim this offer, visit DraftKings by clicking "Claim Bonus" on this page and sign up with all required information, such as legal name, date of birth and address. You must also enter payment information and deposit at least $5 into your account. Once that's finished, wager at least $5 for your first bet. Whether that bet wins or loses, you will be credited $200 in bonus bets in the form of eight $25 bonus bet tokens. Your account will be credited these funds within 72 hours of your first wager settling. They expire seven days after you receive them.

It's also important to note that should you win a wager while using bonus bets, you receive only your winnings back and not the stake.

DraftKings promo comparison

DraftKings isn't the only top sportsbook offering a promotion for new users for the NBA Playoffs. Here are the promotions DraftKings and five other sportsbooks are running.

Brand Promo CBS promo code
DraftKingsBet $5, get $200 in bonus bets instantly None required
BetMGMUp to $1,500 in bonus bets if your first bet losesCBSSPORTS
CaesarsBet $1, double your winnings on your next 10 betsCBSDYW
FanaticsBet and get up to $1,000 in No Sweat BetsNone required
FanDuelBet $5, get $250 in bonus bets if your bet wins  None required
bet365Bet $5, get $150 in bonus bets win or loseCBSBET365

DraftKings, FanDuel and bet365 are all running "bet and get" promotions where a first bet of $5 nets you bonus bets. FanDuel offers the most return at $250, but you must win your first bet to receive those funds. That first bet doesn't have a minimum odds requirement, though, meaning you could wager $5 on a heavy favorite to maximize your chances of receiving those bonus bets. DraftKings' $200 is more than bet365's $150, but DraftKings' bonus bets come in the form of eight $25 bonus bet tokens, while you can wager the $150 in bonus bets at bet365 however you see fit. 

The other three sportsbooks—BetMGM, Fanatics and Caesars—are all running different types of promotions. Fanatics and BetMGM have bet insurance promotions, albeit in different ways. At Fanatics, your first bets of the day for each of your first 10 days with the sportsbook are covered for $100 each. That means if you lose those bets, you receive your stake back in the form of bonus bets for a maximum return of $1,000. BetMGM's offer covers your very first bet up to $1,500. Should it lose, you get that stake back in bonus bet funds. Caesars, meanwhile, offers profit boosts. After a first bet of at least $1, your next 10 bets receive 100% profit boosts. 

Betting on Heat-Cavaliers, Game 1

The Cavaliers, naturally, are heavy favorites in this game and this series. Cleveland is -1800 to advance past the first round and are -650 favorites at home on Sunday. Miami, meanwhile, is +900 to pull off the upset in this series and is a +470 underdog for Game 1. The Cavs beat the Heat two out of three times this year. 

Cleveland got off to an incredible start to the season this year and had multiple long winning streaks en route to a 64-18 record. The Cavs scored more points than anybody in the league this year at over 121 points per game, and they also ranked 12th in points per game allowed. Cleveland ranked second in the NBA in both shooting percentage and 3-point shooting percentage. The Cavs have a very deep roster, with Donovan Mitchell and Darius Garland each averaging over 20 points per game, with Evan Mobley, De'Andre Hunter, Jarrett Allen and Ty Jerome all averaging double-digit points per contest. Allen is also one of the NBA's top rebounders, pulling down 9.7 per game, and he shot .706 from the field this year, which was the best in the NBA. 

Miami took care of the Chicago Bulls 109-90 in the 9-10 game of the play-in tournament before needing overtime to beat the Atlanta Hawks 123-114 to earn the No. 8 seed. Tyler Herro is the Heat's key player, and he had a career year with 23.9 points and 5.5 assists per game. Andrew Wiggins averaged 19.0 points per game, while big man Bam Adebayo averaged 18.1 points per game and 9.6 rebounds. Miami is just 24th out of 30 in points per game, but the Heat are solid defensively, allowing the seventh-fewest points per game. 

The Cavaliers won their lone matchup with the Heat in Cleveland 112-107 on March 7, and they went 34-7 at home this season. The Heat went 18-23 on the road this year. 

Responsible Gaming with DraftKings

Bettors need to know their limits and game responsibly. Bettors should be aware that there are plenty of tools and resources available to them should they need help, including at DraftKings, which offers time and wager limits and voluntary timeouts for its users. 

There are also nationwide resources available, such as The National Council on Problem Gaming, Gamblers Anonymous and calling 1-800-GAMBLER.