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FanDuel Ohio Promo Code Offers $3,000 No-Sweat Bet for Thursday NBA, All Other Games

FanDuel Ohio Promo Code Offers $3,000 No-Sweat Bet for Thursday NBA, All Other Games article feature image

DanDuel NBA, 02/02/2023

New bettors in Ohio can use our FanDuel Ohio promo code to get a no-sweat first bet up to $3,000. It’s available in OH and all other FanDuel states, and can be used on any game on any day.

What’s that mean? If your first wager at FanDuel Sportsbook loses, you’ll be refunded in bonus bets, equal to whatever you lost.

There’s no actual FanDuel promo code needed:

Just use this link to get started in Ohio and all other states.

We’ll cover a quick example here, then dive in deeper below. Let’s say you deposit $100 and put it all on the Cavs -6 vs. the Grizzlies on Thursday night. If they win, you profit about $91, and keep the original $100. If you lose the bet, you’ll get $100 in bonus bets, which you’ll have to wager and turn into cash.

Making Your First Bet with a FanDuel Promo Code

OK, let’s dive into a deeper example from Thursday’s NBA slate — Cavs vs. Grizzlies for all you new Ohio bettors out there.

Say I put that $100 on the Cavs -6 against Memphis. Here are the two possible outcomes:

  • The Cavs cover that spread, you’ll win about $91, and keep the original $100. That’s $191 in your account you can withdraw or bet.
  • The Cavs don’t cover the spread, you get $100 back in bonus bets.
  • If the Cavs push, you get $100 back in cash.

OK, so what happens if you have to use bonus bets? Let’s dive in with some Super Bowl examples.

Using Your Bonus Bets, If Needed

You can use bonus bets on just about anything and have 14 days to use them before they expire. FanDuel is pretty good about sending alerts reminding you to use them, so be sure to turn on notifications.

The optimal strategy for using bonus bets is taking bets at plus-money, .

The higher the line, the more expected value you gather over time. Expected value means the margin between the real odds of something happening and the odds posted by the sportsbook.

Here’s an example to think about:

A coin toss is always the easiest example — the fair odds of a coin toss are 50/50 or +100.

  • So if you had +120 odds on tails, the EV would be (120-100) * .5.
  • That’s $10 expected winnings on a $100 bet, or 10% EV.

If we make 100 of these 10% EV bets we would expect to net $1,000 on those 100 bets.

OK, so how do the bonus bets actually work?

Let’s say I put $100 in bonus bets — my entire balance from losing the Cavs bet — on Miles Sanders to score a touchdown in the Super Bowl at +120.

  • If Sanders scores, I’ll profit $120, but I don’t keep the $100 in bonus bets. I’ll now have $120 cash I can withdraw or keep betting; I had originally put in $100 so it’s a profit of $20.
  • If Sanders doesn’t score, my bonus bets go away and I’m left with nothing.

FanDuel Sign Up

Here’s how to actually get started at FanDuel.

  1. Use this link if you’re in Ohio, and remember, no FanDuel promo code is required (the link includes what you need!). Residents in other states can sign up for FanDuel here.
  2. Enter all your real signup information. If you try to fake your address or the address of a friend you’re visiting, FanDuel won’t be able to verify your identity and you can’t make a deposit.
  3. Deposit using a bank account, credit card, or PayPal (minimum $10)
  4. Make your first bet of $5 or more to claim the FanDuel promotional offer

Must be 21+ and present in OH. Gambling Problem? Call 1-800-GAMBLER. A Problem Gambling Helpline is available 24/7 at 1-800-589-9966 or texting 4HOPE to 741741.

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