FanDuel Offering New Kansas Users $150 in Free Bets
FanDuel is giving users $150 in free bets, win or lose, when they bet $5. Users must make their first bet before the free bets will show up.
If you’re new to the legal online sports betting world and haven’t done it in another state, you might be a bit confused about a risk-free bet vs. free bets.
A free bet is not withdrawable but can be wagered on anything. If it wins, it turns into real cash (but you don’t get the original free bet back in cash).
Here’s an example:
Say you bet a $10 free bet on West Virginia at +250 to beat Pitt on Thursday night. If the Mountaineers win, you get $25 in real cash that can be wagered or withdrawn. You don’t get the $10 free bet back. If WVU loses, you just lose the free bet and no real cash.
The no-sweat first bet is where it gets a bit more confusing.
- If your first bet wins, you keep the winnings and it’s real cash.
- But if you lose, you’re given a free bet back that’s equal to the amount of that first losing bet.
The “catch” is that in order to get a $1,000 free bet, you have to deposit and wager the full $1,000. If you deposit $100, you’ll get a $100 risk-free bet. You also have to make your first bet $1,000 — you can’t choose to use it a week from now. Whatever your first bet, that’s the no-sweat bet.
- If Florida wins: You keep the original $200, plus the $260 from winning the bet at +130.
- If Florida loses: You get a $200 free bet back.
- If that $200 free bet wins: You keep the winnings but not the $200.
- If that $200 free bet loses: You end up with nothing.
How to Sign Up at FanDuel
FanDuel has an easy sign-up flow. You’ll be done in just a few minutes.
- Use this link when signing up.
- Enter all your signup information (name, address, etc.)
- Deposit using a bank account, credit card, or PayPal
- Make your first bet!
You may have some difficulty using certain credit cards with sportsbooks, so bank account transfer is often more reliable.
Here’s our review of FanDuel, the market-leader in sports betting in the United States right now.
How to Use Your Bonus
The best way to use any free bets is on plus-money wagers. The higher the line, the more expected value you’re getting over time. Most bettors don’t want to use big risk-free bets on longshots at +1000, so +300 to +500 can be a good sweet spot.
Here are some of the best ways to use those new free bets on Thursday and this weekend.
Mike Calabrese’s Group of 5 parlay: Our G5 expert is back with a three-team college football parlay at +600.
US Open Women’s Draw: A handful of underdogs are live on Thursday, including qualifier Linda Fruhvirtova.
Pitt vs. West Virginia in the Backyard Brawl: Our expert is laying the points with the favorite in this reboot of a classic college football rivalry.
Purdue moneyline vs. Penn State: We’re kicking off CFB season in a big way with a moneyline play on pesky home underdog Purdue.