Fake Out Defense:
When you inbound the ball, wait for a defender to come up to you. While you still have your dribble, hold R2 & press the direction pad as if you were dribbling up court. After you let go of R2, quickly press Square & dribble up court, the opposite way you did at first. The defender will be faked out & you now have an open path to the hoop.

Fake Pass:
During game play, press L2 + X.