Welcome Bonus
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Disclaimer
New customers in AZ, MI, NJ, and PA only. Must apply this promotion in your bet slip and place a $10+ cash wager with odds of -500 or longer. This bonus offer ends when March Madness ends. This offer is not available in New York. Terms apply- see Fanatics Sportsbook app.
Fanatics March Madness Bonus Pros & Cons
Get $300 In Bonus Bets During March Madness 2025
Fanatics Sportsbook offers a "Bet $30, Get $300 in Bonus Bets" promotion specifically tailored for March Madness, available between March 18 and April 7, 2025. This promotion is accessible 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.
Example from March Madness
NCAA Men’s Tournament
A bettor places a $10 wager on Auburn to win in the second round against Louisville (+150 odds).
- If Louisville wins, the bettor receives $15 in winnings, retains the original $10 wager, and receives $100 in bonus bets.
- If Auburn wins, the bettor loses the initial $10 stake but still receives $100 in bonus bets.
NCAA Women’s Tournament
A bettor wagers $10 on UCLA (-200 odds) against Georgia Tech.
- If UCLA wins, the bettor receives $5 in winnings, retains the $10 wager, and receives $100 in bonus bets.
- The $10 wager is lost if Georgia Tech wins, yet the bettor receives $100 in bonus bets.
Fanatics Sportsbook Bonus Bets Odds Requirements
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.
| Parameter | Detail |
|---|---|
| Eligible States | AZ, MI, NJ, & PA |
| Opt in for the Bonus | Register for Fanatics Sportsbook for the bonus |
| Minimum Deposit | $10 |
| Daily Qualifying Wager | A $10 bet each day for the first three days will give $100 bonus bets totalling $300 |
| Promotion Duration | 3 consecutive days from account creation |
| Total Maximum Bonus | Up to $300 in bonus bets |
| Bonus Issuance | Bonus bets are credited within 72 hours of the wager settling |
| Bonus Expiry | Bonus bets expire 7 days after issuance |
| Restrictions | Must be new bettor at Fanatics. Aged 21 and over. |
Must be 21+. GAMBLING PROBLEM? CALL 1-800-GAMBLER (CO/DC/IL/KS/KY/LA/MD/OH/MI/NC/NJ/PA/TN/VA/VT/WV/WY), (800)-327-5050 or http://gamblinghelplinema.org (MA), Call (877-8-HOPENY) or text HOPENY (467369) (NY), 1-800-NEXT-STEP or text NEXTSTEP to 53342 (AZ), (888) 789-7777 or http://ccpg.org (CT), or 1-800-BETS-OFF (IA), or 1-800-9-WITH-IT (IN), or www.mdgamblinghelp.org (MD), or morethanagame.nc.gov (NC), or 1800gambler.net (WV)
Popular March Madness Betting Options at Fanatics Sportsbook
March Madness 2025 offers betting markets for men's and women's NCAA tournaments. At Fanatics Sportsbook, bettors can choose from several popular bet types:
1. Moneyline Bets
- Betting on Texas A&M (-200) to beat Yale (+180). A successful $100 bet on Auburn would yield a profit of $50, while the same bet on Yale would yield $180 if they win.
2. Point Spread Bets
- Oregon -6.5 (-110) vs. Liberty. A bet on Oregon requires them to win by at least 7 points to cover the spread. A bet on Liberty means they must win outright or lose by no more than 6 points.
3. Totals (Over/Under)
- Over 145.5 (-110) in a game between Kansas and Arkansas. If the combined score is 146 points or more, the over bet wins; if 145 or fewer, the under bet wins.
4. Futures Bets
- Placing a wager on the Florida Gators (+400) to win the men's national championship before the tournament begins.
5. Player Props
- Betting on Cooper Flagg of Duke to score over 22.5 points in a game against Baylor. If he scores 23 or more points, the bet is successful.
