FanDuel is offering all new users $150 in bonus bets after a $5 winning, moneyline wager. But there’s no minimum odds requirement, meaning you can bet on a massive favorite to give yourself the best chance of getting the $150.
This offer doesn’t require a promo code — just click here to activate the offer, or use the module below.
If you’ve played DFS at FanDuel but never signed up for the sportsbook, you’ll still be eligible for this offer. If you’ve signed up for the sportsbook in another state, you will not be eligible — your account will be the same if you’re logging in from another state over the holidays.
Activating Your FanDuel Promo
We normally recommend finding a massive college basketball favorite to place your first $5 bet on, to maximize your chances of getting the $150. Unfortunately, there are no college hoops matchups on Christmas Day — the next opportunity to follow this strategy will be Wednesday when Virginia hosts Morgan State as a massive favorite.
Monday, the biggest favorite in the NFL is the Eagles, priced at -900 against the Giants in Philadelphia. The biggest NBA favorite is the Nuggets hosting the Warriors -220, though we wouldn’t recommend that. You can also opt to wait until there are more games on the board to find a big favorite.
Here’s how the promo will work. If you deposit $10 and bet $5 on the Eagles at -900 and they win, you’ll profit a measly 56 cents. But most importantly, you’ll get the $150 in bonus bets.
So if Philly wins, you’ll have $10.56 cash in your account, plus $150 in bonus bets. If Philly loses, you won’t get the bonus bets.
How to Use Your FanDuel Bonus Bets
Once you have the bonus bets, you’ll want to place them on longshots in the +300 to +500 range. Mathematically, that’s always going to be the better option because you don’t keep the bonus bet itself — just the profits.
We can quickly calculate the expected value (which is just your winning x the probability of it happening) and see that it always makes sense to take longshots.
- A $50 bonus bet at -250 = $20 in profit and a 71.43% chance to win. $20 x 71.43 is $14.28. So you can expect that $50 to be worth about $14 over a big enough sample.
- A $50 bonus bet at +250 = $125 in profit and a 16.67% chance to win. $125 x 16.67% is $41.67, so you can expect that $50 to be worth almost $42 over a big enough sample.
The math can be a bit confusing, but you’ll want to target these types of lines when using your bonus bets.
Signing Up at FanDuel
It’s easy to get started with FanDuel. Again, if you’ve played DFS but never signed up for the sportsbook, you can claim this offer.
- Click to activate the offer.
- Enter all your real, personal info. Sportsbooks tie your account to your identity, so you must enter your real name, address, and the last four digits of your SSN, or you won’t be able to deposit.
- Deposit $10 and bet $5 on the biggest moneyline favorite you can find
- Get your $150 in bonus bets if your team wins