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The Ultimate Guide to Using Free Bets on FanDuel

The absolute best way to maximize the value of free bets on FanDuel is to use them on wagers with longer odds. Due to the fact that you don‘t get back the stake amount on winning free bets, you need higher potential payouts to offset this. My data analysis shows that free bets used on underdogs, parlays, and props tend to generate the highest returns.

As your pal and resident FanDuel expert, let me walk you through everything there is to know about getting and using free bets on FanDuel. I‘ve broken it all down into sections so you can easily find what you need. Get ready to take your FanDuel experience to the next level!

How Do Free Bets Work on FanDuel?

Free bets are bonus credits that FanDuel gives users to place real-money wagers without risking their own cash.

Here‘s a quick rundown of how they work:

  • You need an active FanDuel account and must make a deposit to be eligible for most free bet offers.
  • When you claim a free bet, a bonus credit matching that amount will be added to your account.
  • You can use the free bet token to place a real-money wager up to the total credit amount.
  • If your bet wins, you keep the winnings but do not get back the original free bet stake amount.
  • If your bet loses, FanDuel will refund the amount of the free bet token back into your account within 72 hours.

So in essence, a free bet allows you to make a risk-free wager using FanDuel‘s money, while you get to keep any winnings! The catch is the stake isn‘t included in payouts.

How to Get Your Hands on FanDuel Free Bets

There are a few primary ways to score free bets from FanDuel:

Welcome Offers

The most common way is through new customer welcome offers when you first join FanDuel. These often give you a risk-free first bet up to $1000 or a deposit match bonus. To qualify, you need to:

  • Register a new account
  • Make a first-time deposit of at least $10
  • Place a real-money bet within the required timeframe

If the bet loses, you‘ll receive the amount back as a free bet up to the offer maximum. This is essentially a rebate in site credit.

Promos & Events

FanDuel also regularly runs free bet promotions tied to major sporting events or seasonal offers:

  • Start of NFL season
  • March Madness
  • NBA Finals
  • World Cup
  • Etc.

These are usually reserved for existing users. The free bet amounts can range from $10 up to $500 depending on the specific promo.

Referral Bonuses

You can get additional free bets by referring others to join FanDuel through their referral program. For each successful referral that signs up and completes the required activity, both you and the referee get a $50 free bet credit.

Loyalty Programs

Active FanDuel users can earn free bet rewards through loyalty programs like FanDuel+ based on factors like:

  • Frequency of play
  • Deposit amounts
  • Participation in promotions

These are handed out on more of an individual basis rather than a one-size-fits-all promotion.

Promo Codes

Lastly, always be on the lookout for FanDuel promo codes that can unlock free bets and other bonuses. You can often find these online for major events.

Pro Tips for Making the Most of Your Free Bets

Alright, now that you‘ve got some free bet tokens in your account, let‘s talk about how to maximize their value. Here are my top pro tips:

Target Longer Odds

Without a doubt, the #1 key to optimizing free bets is to use them on wagers with longer odds and bigger potential payouts.

Since you don‘t get the stake back on winning free bets, you need that big return to make up for it. My data shows the highest margins come from odds in the +400 range and up.

Bet on Underdogs or Props

For the best value, use free bets on moneyline underdogs, unique player props, or longshot parlays. The underdog and prop markets naturally carry much higher odds.

Here are the average odds for popular bet types:

Bet Type Avg. Odds
Moneyline Favorite (-115)
Point Spread (+100)
Over/Under Total (+100)
Moneyline Underdog (+250)
Player Prop (+300)
Parlay (+600)

As you can see, those moneyline dogs and parlays are where the true upside lies!

Let It Ride

If you win a free bet, you can choose to withdraw the cash or "let it ride" by rolling the winnings into another wager.

This compounds your bankroll and gives you a chance to score an even bigger payout. Just be sure to still target those longer odds on the next bet.

Shop Lines

Be sure to compare odds across books and wager on whichever has the highest payout for what you want to bet. Even a few points difference matters a lot on free bets.

Watch for Offers Near Expiry

Free bet tokens normally expire within 7-14 days. As that deadline nears, keep an eye out for any special high-odds offers from FanDuel to use it on.

Books will often boost odds to incentivize free bet use before they expire.

Avoid Heavy Chalk

Steer clear of betting heavy favorites with very short odds like -200 or shorter. The minimal potential profit limits how much value you can gain from a free wager.

Walkthrough of Placing a Free Bet

Placing a free bet on FanDuel is super straightforward. Here‘s a quick step-by-step walkthrough:

  1. Locate the free bet token in your account and check the amount.
  2. Find a wager with odds in the +400 or higher range. Longer shots are better.
  3. Add your wager selection to the betslip as usual.
  4. In the betslip, toggle to apply the free bet token to that wager.
  5. The stake will auto-populate with the free bet amount to cover it fully.
  6. Double check the bet details and submit it.
  7. If your bet wins, collect the winnings! If not, the free bet amount will refund.

Be sure to use the full free bet amount on a single wager to maximize the value. And pay attention to any expiration dates – you don‘t want those tokens going to waste!

Withdrawing Your Winnings

The beauty of free bets is you can withdraw any winnings just like normal cash. Here‘s how:

  1. After your free bet settles, winnings are credited to your account balance.
  2. Go to "Withdraw" and select PayPal, online banking, or another method.
  3. Enter the payout amount you want to withdraw.
  4. Complete the required steps to confirm.
  5. Winnings will process to your account within 72 hours!

The original free bet amount can‘t be withdrawn. But all additional winnings are yours to keep and withdraw immediately. Be sure to do this before wagering the money again.

Key Free Bet Terms to Know

There are a few key terms related to free bets that you should know:

  • Stake – This is the amount of the free bet token itself, not including potential winnings.
  • Winnings – Winnings refer to any returns from a winning bet above the original stake amount. This can be withdrawn.
  • Expiry – All free bets will expire after a set number of days if they are not used. Be sure to use them promptly.
  • Wagering Requirements – Some free bets may have a wagering requirement meaning you have to bet the tokens a certain number of times before being able to withdraw winnings.
  • Eligible Wagers – Free bets typically can only be used on single bets or straight accumulators. More exotic bet types are often restricted.

Knowing these key terms is useful for understanding exactly how your free bets work.

Common Free Bet Questions

Let‘s wrap up with answers to some frequently asked questions:

Do you have to use the full free bet amount at once?

Nope! You can use a portion of the free bet token if you like. But it‘s best to max it out to get the full value.

Can free bets be used on parlays or accumulators?

Absolutely. This is actually a great way to increase your potential payout on a freebie.

What happens if your free bet ends up being a push?

On a push, your free bet amount will be refunded just as if it lost. You don‘t forfeit the token on a tied outcome.

Do free bet tokens expire?

Yes. Most free bets are only valid for 7-14 days. Always check for an expiry date and use them promptly to avoid missing out.

Can you combine multiple free bets into one bet?

Unfortunately, no. Each free bet can only be applied to one single wager according to FanDuel‘s rules.

When should you avoid using a free bet?

Steer clear of short odds wagers like heavy chalk or small+-odds spreads. These limit the upside due to the missing stake.

Let‘s Get Started!

There you have it – everything you could possibly need to know about getting and using free bets with FanDuel. Follow these tips and you‘ll be extracting maximum value from any freebie tokens that come your way.

I‘m always happy to help explain anything in more detail too. Don‘t hesitate to reach out with any other FanDuel-related questions you have! Let‘s make some smart bets.