Fanatics Bet $30 and Get $300 in Bonus Bets

Fanatics Sportsbook offers a "Bet $30, Get $300 in Bonus Bets" promotion available to new users aged 21+ physically located in Arizona, Michigan, New Jersey, or Pennsylvania.

How the Fanatics Sportsbook Bonus Works

• Eligibility: New users who are registering for Fanatics Sportsbook.
• Deposit & Bet Requirements: New bettors must wager at least $10 daily on their first three days.
• Bonus Bets Awarded: Each day’s wager of $10+ triggers $100 in bonus bets, totaling $300 over three days.
• Odds Requirements: Qualifying bets must have odds of -500 or longer to be eligible.

The $100 daily bonus bets Fanatics Sportsbook must be placed on wagers with odds of -500 or longer. This condition means you can bet on events at -500, -200, +150, etc., but not on heavier favorites like -600 or -700.

Example of Allowed Odds (-500):

• Betting $100 at -500 odds returns a potential profit of $20 if the bet wins (plus the initial stake, totaling $120).

Implied Probability:

• At -500 odds, the implied probability of winning is approximately 83.33%.
  • Formula: Implied Probability = (Odds ÷ (Odds + 100)) × 100
  • Calculation: 500 ÷ (500 + 100) × 100 = 83.33%

What This Means for Bettors

This restriction on bonus bets means you're generally betting on moderate to low-risk events, as bets with -500 odds are heavily favored outcomes. However, even high-probability bets carry risk. Bettors should keep this in mind and still only wager within their means.

Always carefully consider the odds and implied probabilities, ensuring your bets align responsibly with your budget and risk tolerance.