how to use bonus bet on fanduel
How to Use Bonus Bet on FanDuel
Bonus Bets on FanDuel are promotional offers that give you extra betting power. To use them, first check your account to see if you have any active Bonus Bets. Next, make your bet selections, keeping in mind any restrictions on the Bonus Bet (like sport or bet type). Then, in your bet slip, look for the option to “Add a Bonus Bet” and toggle it on. If you have multiple Bonus Bets, you’ll be able to choose which one to apply. Finally, confirm your bet. Remember, with Bonus Bets, you only receive the winnings, not the stake, if your bet is successful.
Checking for Bonus Bets and Understanding Terms
Before diving into the exciting world of Bonus Bets on FanDuel, it’s crucial to understand where to find them and how they work. Here’s a step-by-step guide on checking for your Bonus Bets and understanding the key terms⁚
1. Log in and Navigate to Your Account⁚
Start by logging into your FanDuel Sportsbook account. Once you’re in, locate the “Account” section, usually found in the top right corner of the page.
2. Locate the “Bonus” or “Promotions” Section⁚
Within your account page, look for a tab or section specifically labeled “Bonus,” “Promotions,” or something similar. This section is your hub for all active and available bonuses.
3. Identify Your Available Bonus Bets⁚
Under the Bonus section, you’ll find a list of active bonuses, including any available Bonus Bets. Each Bonus Bet will typically display its value and any specific terms and conditions associated with it.
4. Review Key Terms and Conditions⁚
Before using a Bonus Bet, carefully read the associated terms and conditions. Pay close attention to the following⁚
- Expiration Date⁚ Bonus Bets usually come with an expiration date, so make sure you use them before they expire.
- Wagering Requirements⁚ Some Bonus Bets might have wagering requirements, meaning you need to bet a certain amount before you can withdraw any winnings derived from them.
- Eligible Markets⁚ Certain Bonus Bets might only be valid for specific sports, events, or bet types. Check the terms to ensure your desired bet qualifies.
- Minimum Odds⁚ Some Bonus Bets might require you to place bets with minimum odds for them to be valid.
5. Keep an Eye on Ongoing Promotions⁚
FanDuel frequently offers new promotions and bonuses, so it’s a good habit to regularly check the “Promotions” section to stay updated on the latest offers. You might find new Bonus Bet opportunities or other promotions that suit your betting style.
By following these steps and understanding the associated terms and conditions, you’ll be well-equipped to take advantage of FanDuel’s Bonus Bet offers and maximize your betting experience.
Placing Your First Bet and Meeting Wagering Requirements
Placing your first bet with a FanDuel Bonus Bet is a straightforward process. However, it’s crucial to understand any wagering requirements tied to the bonus. Here’s a breakdown of the steps involved⁚
1. Choose Your Bet⁚
Browse through the available sports, events, and betting markets on FanDuel and select the bet you want to place. Remember that some Bonus Bets might have restrictions on eligible markets, so double-check the terms and conditions.
2. Add Your Selection to the Bet Slip⁚
Once you’ve found your desired bet, click on the odds to add it to your bet slip. This is usually located on the right-hand side of the screen.
3; Select Your Bonus Bet⁚
In your bet slip, you’ll see an option to “Add a Bonus Bet” or a similar toggle. Click on it to activate your Bonus Bet. If you have multiple Bonus Bets available, you might need to choose the specific one you want to use.
4. Enter Your Stake⁚
The stake amount will often automatically populate with the value of your Bonus Bet. However, you may be able to adjust it if you want to use a partial amount.
5. Review and Place Your Bet⁚
Before confirming, carefully review your bet details, including the selected Bonus Bet, the stake, and the potential payout. Once you’re satisfied, click “Place Bet” or a similar button to finalize your wager.
Understanding Wagering Requirements⁚
Some Bonus Bets come with wagering requirements, meaning you need to wager a certain multiple of the bonus amount or winnings before you can withdraw any funds associated with the bonus. For example, a 10x wagering requirement on a $10 Bonus Bet means you need to wager a total of $100 ($10 x 10) before you can withdraw any winnings.
Always check the specific terms and conditions of your Bonus Bet to understand any wagering requirements. This will help you plan your bets and potentially withdraw your winnings more efficiently.
Utilizing Bonus Bets and Maximizing Winnings
Bonus Bets provide a fantastic opportunity to explore different betting strategies and potentially boost your winnings without risking your own funds. However, it’s essential to use them wisely to maximize their potential. Here are some tips for utilizing Bonus Bets effectively⁚
1. Understand the Terms and Conditions⁚
Before placing any bets using Bonus Bets, carefully read the associated terms and conditions. Pay close attention to any restrictions, such as⁚
- Eligible sports or events
- Minimum or maximum odds requirements
- Wagering requirements on winnings
- Expiration dates for the Bonus Bet
2. Consider Higher Odds⁚
Since you only receive the winnings and not the stake with Bonus Bets, it’s generally advantageous to place them on bets with higher odds. This increases your potential profit if the bet is successful.
3. Explore Different Bet Types⁚
Don’t be afraid to use your Bonus Bets to experiment with different bet types, such as parlays or prop bets, that you might not typically place with your own money. This can help you discover new betting strategies and potentially uncover profitable opportunities.
4. Manage Your Bankroll⁚
While Bonus Bets offer a risk-free way to bet, it’s crucial to manage your overall bankroll effectively. Don’t chase losses or make impulsive bets simply because you’re using bonus funds. Treat them as an extension of your betting budget and make calculated decisions.
5. Don’t Forget About Hedging⁚
In some cases, you can use Bonus Bets to hedge existing bets and potentially lock in profits. For example, if you placed a pre-game bet and your team has a significant lead, you could use a Bonus Bet to bet on the opposing team, guaranteeing yourself a profit regardless of the final outcome.
Understanding Bonus Bet Winnings and Expiration
While Bonus Bets offer a fantastic way to enhance your betting experience, understanding how winnings are calculated and the importance of expiration dates is crucial for maximizing their value.
Calculating Winnings⁚
The key difference between Bonus Bets and regular bets lies in how winnings are paid out. With a standard bet, you receive both your original stake and the winnings. However, with a Bonus Bet, you only receive the profit, not the initial stake.
For example, let’s say you place a $10 Bonus Bet on a selection with odds of +200. If your bet is successful, you’ll receive $20 in winnings (calculated as $10 x 2.00). However, unlike a regular bet, you won’t receive the initial $10 Bonus Bet stake back.
Expiration Dates⁚
Bonus Bets generally come with an expiration date, which varies depending on the specific promotion. It’s crucial to be aware of this date, as any unused Bonus Bets will expire and be removed from your account.
Make sure to check the terms and conditions of each Bonus Bet offer to understand the expiration period. It’s generally a good idea to use your Bonus Bets sooner rather than later to avoid missing out on potential winnings.
By understanding how Bonus Bet winnings are calculated and paying close attention to expiration dates, you can ensure you get the most out of these promotional offers and maximize your chances of boosting your bankroll.