how do bonus bets work draftkings

How DraftKings Bonus Bets Work

DraftKings Bonus Bets are promotional credits used to place wagers on their platform․ These credits are awarded through various promotions and cannot be withdrawn as cash․ When you win a bet placed with a Bonus Bet‚ you receive the winnings‚ but not the original Bonus Bet amount․

DraftKings Bonus Bet Terms and Conditions

DraftKings Bonus Bets come with specific terms and conditions that dictate how they can be used․ Understanding these terms is crucial for maximizing their benefits․ Here are some common terms associated with DraftKings Bonus Bets⁚

Eligibility⁚ Bonus Bets are typically offered to new and existing customers as part of specific promotions․ Eligibility criteria may include factors like age‚ location‚ and account status․
Wagering Requirements⁚ Some Bonus Bets come with wagering requirements‚ meaning you must wager the bonus amount a certain number of times before any winnings become withdrawable․
Minimum Odds⁚ There might be minimum odds requirements for bets placed using Bonus Bets․ For instance‚ you may need to place bets on events with odds greater than -200․
Expiration Dates⁚ Bonus Bets usually have an expiration date‚ after which they become void․ It’s essential to use them within the specified timeframe․
Eligible Markets⁚ Certain Bonus Bets may only be valid for specific sports‚ leagues‚ or bet types․ Ensure you check the terms to see where you can use your bonus․
One-Time Use⁚ Bonus Bets are often for single use‚ meaning you cannot split them into smaller bets․

Always review the specific terms and conditions associated with any DraftKings Bonus Bet promotion before participating․ This will ensure you fully understand the rules and potential restrictions involved․

How to Claim and Use DraftKings Bonus Bets

Claiming and using DraftKings Bonus Bets is a straightforward process․ Here’s a step-by-step guide⁚

Check for Eligible Promotions⁚ Visit the DraftKings promotions page to see current offers involving Bonus Bets․ Pay attention to the terms and conditions of each promotion․
Opt-In (If Required)⁚ Some promotions require you to opt-in manually․ This usually involves clicking a button or entering a promo code․
Fulfill the Requirements⁚ Each promotion has specific requirements to unlock the Bonus Bets․ This may include making a deposit‚ placing a qualifying bet‚ or completing other actions․
Receive Your Bonus Bets⁚ Once you meet the requirements‚ the Bonus Bets will be credited to your account․ You’ll typically receive a notification when this happens․
Add Selections to Your Bet Slip⁚ Choose the events you want to bet on and add them to your bet slip as you usually would․
Select Bonus Bet⁚ Before placing your bet‚ you’ll see an option to use your available Bonus Bet․ Select the bonus you wish to apply․
Place Your Bet⁚ Review your bet details and confirm your wager․

If you win a bet placed using a Bonus Bet‚ the winnings will be added to your withdrawable cash balance‚ but the original Bonus Bet amount is not returned․

DraftKings Bonus Bet Exclusions and Restrictions

While DraftKings Bonus Bets offer a great way to boost your betting activity‚ it’s essential to be aware of certain exclusions and restrictions that apply⁚

Eligible Markets⁚ Bonus Bets are often restricted to specific markets or bet types․ For instance‚ some offers may only be valid for bets placed on certain sports‚ leagues‚ or bet types like moneyline or spread bets‚ excluding others like prop bets or futures․
Minimum Odds⁚ There’s often a minimum odds requirement for bets placed using Bonus Bets․ For example‚ you might not be able to use a Bonus Bet on a selection with odds shorter than -200․ This ensures that the bonus is used for potentially more valuable wagers․
Wagering Requirements⁚ In some cases‚ winnings from bets placed with Bonus Bets might come with a wagering requirement․ This means you’ll need to wager those winnings a certain number of times before they become withdrawable as cash․
Time Limits⁚ Bonus Bets typically have an expiration date․ Make sure to use them within the specified timeframe‚ or they will expire and be removed from your account․
One Bonus Bet per Event⁚ You usually cannot combine multiple Bonus Bets on a single wager or event․ Most offers limit you to using one Bonus Bet per bet slip․
No Cash Out⁚ Bonus Bets often cannot be used in conjunction with cash-out features․ This means you won’t have the option to settle a bet placed with a bonus early for a partial return․

Always review the specific terms and conditions associated with each DraftKings Bonus Bet promotion to understand the exact exclusions and restrictions that apply․ This will ensure you use your bonus effectively and maximize your betting experience․

Wagering Requirements and Expiration Dates

Understanding the wagering requirements and expiration dates associated with DraftKings Bonus Bets is crucial for maximizing their value․ These factors dictate how you can use your bonus and any potential winnings derived from them․

Wagering Requirements

Some DraftKings Bonus Bet promotions come with wagering requirements‚ also known as playthrough requirements․ This means that any winnings you earn from bets placed using bonus funds must be wagered a certain number of times before they are converted into withdrawable cash․

For example‚ if a bonus has a 5x wagering requirement‚ and you win $50 from a bet placed with bonus funds‚ you would need to wager an additional $250 (5 x $50) on other events before you can withdraw the $50 winnings․

Expiration Dates

DraftKings Bonus Bets typically come with an expiration date․ This means you have a limited time‚ often ranging from a few days to a week‚ to use your bonus bets before they expire and are removed from your account․

It’s important to be aware of the expiration date and plan your bets accordingly․ If you don’t use your bonus bets within the specified timeframe‚ you’ll forfeit them‚ and any potential winnings will be lost․ Always check the terms and conditions of the specific bonus offer for information on wagering requirements and expiration dates․