Fanatics Sportsbook Promo Code Activates up to $1K Bonus Value in Kentucky, OH, MD, MA & TN
Just in time for baseball's postseason, the Fanatics Sportsbook promo code will activate up to $1,000 worth of bonus bets beginning on Tuesday.
The way this works is Fanatics Sportsbook will give its new bettors 10 straight days of up to $100 bets on the house. This means you can place a bet of anything up to $100 each day and if it loses, you will be reimbursed that amount in bonus bets.
So if I sign up and deposit $50 and wager it on a Tuesday baseball prop, I would get $50 back in bonus bets if it misses. If I decided to deposit and wager $75, it would be $75 coming back if I lost and so forth.
You would have to place a $100 bet for the 10 consecutive days (and lose each bet) to bank the full $1,000 in bonus value.
If you win any of these bets, you would receive your payout instead of the bonus bets. And if you should miss a day, you would just lose out on the possible $100 for that day and can continue the following day.
This offer is only live in Kentucky, Maryland, Massachusetts, Ohio and Tennessee until Oct. 17, 2023.
Once you have bonus bets, you will need to know how to use them, which we can elaborate on. But before you keep reading, check out some tips in our beginners guide to sports betting.
What is the Fanatics Promo Code?
Bonus bets are used to bet with in order to win real cash. They cannot be withdrawn.
The best way to bet with them is on longshots whether it be an underdog, parlay or player prop.
We say this because you won't keep bonus bets even if you win with them and it gives good expected value. Expected value is the amount of money you'll win or lose on that bet if it were placed an infinite number of times.
Check out this example of three different $50 bets on different odds and how it drastically increases your EV the lower the probability:
| Odds | Win Amount | Probability | EV |
|---|---|---|---|
| -250 | $20 | 71.43% | +$14.28 |
| +250 | $125 | 28.57% | +$35.71 |
| +500 | $250 | 16.67% | +$41.67 |
Shopping the best line through our live odds pages is a handy way to monitor changes happening on the market when odds hunting.
So imagine I place $100 in bonus bets on a +275 underdog to win. If they do win, my payout would be $275. I would get $0 if they lose and the bonus bets are gone no matter the result.
Sign-up Process for Fanatics Sportsbook
Step 1. Go to the Fanatics Sportsbook website or download the app
Step 2. Navigate to the registration/sign-up section of the page
Step 3. Enter the required account information (i.e., Name, Address, Username, Password, Email Address, etc.)
Step 4. Verify your identity (i.e., Last 4 of your SSN, ID picture, etc.)
Step 5. Agree to terms and conditions
Step 6. Deposit and claim the welcome offer using the Fanatics Sportsbook promo code
21+ and present in KY. Gambling Problem? Call 1-800-GAMBLER. *KY. Must be eligible for and sign-up for a Fanatics Sportsbook account, opt-in in app and place a cash wager of at least $50 with -500 odds or longer to qualify for $150 reward credit. Qualifying wager must be placed between 11 a.m. ET on September 28, 2023 and 11 a.m. ET October 3, 2023 to be eligible for promotion. Credit will be distributed within 72 hours of qualifying wager. Terms apply.
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