how does bonus bet work on fanduel
How FanDuel Bonus Bets Work
FanDuel bonus bets are bonus funds that you’ll find in your account page or betslip․ Awarded Bonus Bets do not need to be used in one lump sum․ You will also see a Bonus Bet toggle in your bet slip if you have a Bonus Bet available that is applicable to your bet selections․
Claiming Bonus Bets
Claiming FanDuel bonus bets is typically a straightforward process․ The most common way to receive bonus bets is through FanDuel’s welcome offer for new customers․ To claim this offer, you’ll need to create a new account and make your first deposit․ The specific terms of the welcome offer may vary, so it’s essential to carefully review the promotion details․ For example, FanDuel may offer a certain amount of bonus bets if your first bet wins, or they may provide a refund in bonus bets if your first bet loses․ In addition to the welcome offer, FanDuel frequently runs other promotions that reward customers with bonus bets․ These promotions might involve betting on specific sports, participating in contests, or meeting certain wagering requirements․
Using Bonus Bets
Once you have bonus bets in your account, using them is simple․ When placing a bet, you’ll typically see an option in your bet slip to use a bonus bet․ Selecting this option will apply the bonus bet amount to your wager․ It’s important to note that when you win a bet placed with a bonus bet, you’ll receive only the winnings, not the original bonus bet amount; For instance, if you use a $10 bonus bet on a wager with 2․0 odds and win, you’ll profit $10 (10 x 2․0 ⎻ 10) but the initial $10 bonus bet stake won’t be returned․ FanDuel may impose certain restrictions on how bonus bets can be used, such as requiring minimum odds or limiting them to specific sports or bet types․ Always review the terms and conditions associated with the bonus bet offer to understand any limitations․
FanDuel Bonus Bet Terms and Conditions
Like all promotions, FanDuel Bonus Bets come with specific terms and conditions that you must understand before using them․ These terms typically outline the eligibility criteria, wagering requirements, expiration dates, and any other restrictions․ For instance, there might be a minimum deposit requirement or specific odds that your qualifying bets must meet․ Bonus bets usually have an expiration date, meaning you need to use them within a specified timeframe, often within 14 days of issuance٫ or they’ll expire․ Importantly٫ winnings from bonus bets generally don’t include the stake٫ only the profit․ Always take the time to thoroughly read the terms and conditions associated with any FanDuel bonus bet offer to avoid any surprises and ensure you can maximize their value․
Maximizing FanDuel Bonus Bets
To get the most out of your FanDuel bonus bets, consider these strategies; First, explore different betting markets․ Don’t feel limited to just popular options․ Look for opportunities where bonus bets might provide an edge, such as niche sports or specific bet types․ Research and compare odds across various sportsbooks to find the best potential value for your bonus bet wagers․ Consider using bonus bets strategically for bets you might not usually place with your own funds․ This could involve exploring riskier options with potentially higher payouts․ Remember, even if the bonus bet itself isn’t returned in the winnings, a successful wager can still significantly boost your bankroll․ Finally, don’t forget about bankroll management․ Just because you’re using bonus bets doesn’t mean you should abandon responsible betting practices․
FanDuel Bonus Bet Examples
Let’s illustrate how FanDuel bonus bets work with a couple of examples․ Imagine FanDuel is offering a “Bet $5٫ Get $150 in Bonus Bets” promotion․ You sign up٫ deposit $5٫ and place your first bet on the Boston Red Sox to win against the New York Yankees at odds of +150․
Scenario 1⁚ Your bet wins ⎻ The Red Sox win! Since your initial bet was successful, you receive $7․50 in winnings (5 x 1․50)․ You also get $150 in bonus bets, which you can use to place more wagers․
Scenario 2⁚ Your bet loses ౼ The Red Sox lose to the Yankees․ You don’t receive any winnings from the initial bet․ However, you still get the $150 in bonus bets to use on other wagers․ Remember, any winnings you make from bonus bets don’t include the stake itself․