how does fanduel bonus bets work

How FanDuel Bonus Bets Work

FanDuel Bonus Bets are promotional offers that give you extra funds to bet with; They work differently from your cash balance․ When you win a bet placed with a Bonus Bet, you receive only the winnings, not the stake․ For instance, a $10 Bonus Bet win at odds of +200 would net you $20, not $30․

Understanding FanDuel Bonus Bets

FanDuel Bonus Bets are essentially credits that you can use to place wagers on the platform․ They are not real money, so you can’t simply withdraw them upon receiving them․ Think of them as free tokens to wager with․ The significant difference between Bonus Bets and cash wagers lies in how payouts are handled․ If you win a bet placed with cash, you receive both the winnings and your initial stake․ However, with Bonus Bets, you only receive the winnings, not the original stake amount․

For example, let’s say you have a $20 Bonus Bet, and you place it on a wager with odds of +300․ If you win, you’ll receive $60 in winnings ( $20 x 300/100)․ However, the original $20 Bonus Bet stake is not returned to you․ It’s important to note that Bonus Bets usually come with certain restrictions, such as expiration dates and eligible markets․ Make sure to review the specific terms and conditions associated with the Bonus Bet offer to understand its limitations fully․

Claiming FanDuel Bonus Bets

Claiming FanDuel Bonus Bets is typically a straightforward process․ In most cases, you don’t need to input any specific promo codes․ Instead, FanDuel automatically credits eligible bonus bets to your account when you meet the requirements of a particular promotion․ These promotions vary but often include signing up as a new user, making your first deposit, or placing a wager on a specific event․

Once the bonus bets are credited to your account, you’ll usually find them listed separately from your cash balance․ They might appear as “Bonus Bets Available” or a similar designation․ Before attempting to use them, it’s crucial to check the terms and conditions of the specific bonus bet offer․ These terms often outline any restrictions, such as the minimum odds required for a qualifying bet or the time frame within which you need to use the bonus bets before they expire․

Using FanDuel Bonus Bets

Using FanDuel Bonus Bets is generally a simple process, but it differs slightly from using your cash balance․ Once you’ve identified an appealing wager, navigate to your bet slip as you usually would․ Instead of inputting your stake amount directly, look for an option labeled “Add a Bonus Bet” or a similar phrase․ Clicking this usually reveals a list of your available bonus bets, often categorized by sport or promotion․

Select the specific Bonus Bet you wish to use․ Unlike wagering with your cash balance, where winnings include both the stake and the profit, with Bonus Bets, you only receive the profit if your bet is successful․ The initial Bonus Bet stake is not returned to you․ For example, if you place a $20 Bonus Bet on a selection with odds of +300٫ and it wins٫ you’ll receive $60 in winnings (3 x $20)٫ but the original $20 Bonus Bet stake is not returned․

FanDuel Bonus Bet Terms and Conditions

Like any promotional offer, FanDuel Bonus Bets come with specific terms and conditions that you need to be aware of before using them․ These terms are crucial because they dictate how you can use the bonus bets and what you need to do to withdraw any potential winnings․

First and foremost, always check the expiration date․ Bonus Bets often have a limited lifespan, and if you don’t use them within the specified timeframe, they may expire and be removed from your account․ You’ll also want to review the wagering requirements, if any․ Some Bonus Bets might come with a wagering requirement, meaning you need to wager the bonus amount or the winnings from it a certain number of times before you can withdraw them as cash․

FanDuel Bonus Bet Examples

Let’s illustrate how FanDuel Bonus Bets work with a couple of examples⁚

Example 1⁚ FanDuel offers you a $20 Bonus Bet․ You decide to place it on a team to win a baseball game at odds of +150․ If your bet wins, you’d receive $30 in winnings (20 x 1․50 = 30)․ Remember, with Bonus Bets, you only receive the winnings, not the stake amount․

Example 2⁚ You receive a $50 Bonus Bet as part of a promotion․ You use it on a three-leg parlay with odds of +500․ If all three legs of your parlay hit, your winnings would be $250 (50 x 5․00 = 250), but you wouldn’t receive the initial $50 stake back․