Bet $5 — Get $100: How to Cash in on FanDuel’s New Bonus

Do you like good deals and great odds? Look no further than FanDuel Sportsbook and its brand-new welcome bonus for new customers. The operator has just introduced a very exciting 'Bet $5 — Get $100’ limited-time promo, which provides giant value for a tiny investment. On top of that, there is also an additional $10 in bonus bets every time Team USA wins at the World Cup 2023!

To take advantage of this great offer, you must register a new account with FanDuel and place a $5 wager on any sports market available. Whether your initial bet wins or loses, you will receive $100 in bonus funds within 72 hours of placing your inaugural wager.

On top of this, FanDuel will reward new customers with $10 for each USA win at the 2023 FIFA Women’s World Cup in Australia & New Zealand.

From the bettors’ perspective, this is a very enticing promotion, as you only need to bet $5 to receive an additional $100 to play with. We are midway through the summer break in your traditional top leagues in North America, but there is still plenty of sports action — both on the continent and across the ocean — making this offer even more intriguing.

Read on to learn everything there is to know about the new FanDuel 'Bet $5 — Get $100’ bonus offer, including the best way to use it in the following days/weeks to maximize your value.

How to Use Your FanDuel Bonus Bets

You can use your bonus bets on any sport and market. It can be one single $100 bet or 20x $5 bets, or anything in between — just make sure to use them within seven days of receiving them, or else they expire.

What is a Bonus Bet?

If some readers are new to sports betting, let us briefly mention what a bonus bet is. You can place bonus bets on any available market, but the stake will be deducted from the potential winnings.

To illustrate it, see the following example. You place a $100 bonus bet on -110 odds (standard odds for most spreads and totals). If your bet wins, you will receive a total of $90. If you placed this same bet with your funds instead of bonus bets, you would have received $190 in case of a win.

Nevertheless, in this case, the $90 you receive would be all yours to keep or withdraw without any rollover criteria.

What’s the Best Way to Use Your FanDuel Bonus Bets?

Suppose you are pretty confident in a particular pick. In that case, you can go all in and place a $100 bonus bet on it, collect the winnings, and then return to your usual betting habits without rushing (remember, the bonus funds are only available for seven days).

If you find enough markets and have a profound knowledge of multiple sports, placing five wagers of $20 or ten wagers of $10 is also an option. There are no limits whatsoever. You have $100 at your disposal and can use it in any way you like if you do it within seven days of receiving the bonus.

Claim an Additional $10 in Bonus Bets Every Time Team USA Wins at the World Cup

Bettors interested in taking advantage of this promo should claim it by Friday, July 21, to get the most out of it. This is because the 'Bet $5 — Get $ 100’ promotion comes in conjunction with an additional $10 bonus for each USA win at the upcoming 2023 Women’s FIFA World Cup.

The United States are back-to-back champions and the main favorites to defend their title again with a very strong roster. Currently, FanDuel has them at +240 to win the tournament.

The US Womens National Team (USWNT) will start the competition on Friday evening (9:00 pm ET) against group and tournament underdogs Vietnam. The fact they are -20,000 to win the match says enough about the gulf in quality between the two teams.

Every sports bettor should take advantage of this new welcome promo before Friday night’s match so they don’t miss out on $10 after USA’s game against Vietnam.

Being the leading contender, the United States can easily win all seven matches at the 2023 World Cup, meaning you are potentially looking at $70 in bonus bets in the best-case scenario.

You do not have to do anything besides what is written above to claim this offer. Simply “sign up for a new FanDuel account:/go/fanduelus-sports/ and claim the 'Bet $5 — Get $100’ bonus — you will automatically be included in the ' USA at the World Cup’ special. The $10 for each Team USA win in the competition will be awarded to your account within 72 hours of their victory.

What Sports Events Are the Best to Use the $100 Bonus Bets On?

On top of the 2023 Women’s FIFA World Cup, you can use your bonus bets on a wide range of exciting sporting events to come this summer. The choice is all yours, as the bonus funds can be used on any sport and market available at FanDuel Sportsbook.

Our top suggestions for this summer would include the following:

FIFA Women’s World Cup

The 2023 US Open starts on August 28 and lasts until September 10. If you are a tennis fan, you can wait until late August to claim this offer and place wagers on exciting matches at Flushing Meadows.

Backing Carlos Alcaraz to defend the US Open title with your $100 Bonus Bet could get you a $150 profit.

Learn More: Sports Betting 101: Betting on Tennis

Formula 1 Grand Prix Hungary

Those who feel more comfortable betting on motorsports can opt for exciting F1 races to come. The Formula 1 Grand Prix in Hungary is scheduled for July 23, just one week before the Belgian Grand Prix at the legendary Spa Francorchamps. Late August and early September (the same dates as the US Open) bring back-to-back races in the Netherlands and Italy.

Backing the main favorite, Max Verstappen, to win the upcoming Hungarian Grand Prix with a $100 Bonus Bet could get you a $38 profit.

_*Learn More:* Formula 1 Betting Guide: Hungary Grand Prix Odds, Picks, & Tips

Major League Baseball (MLB)

We still have a solid number of regular games before the 2023 MLB season wraps on October 1 and heads toward the finals. For the next couple of months, daily action on fields across the country offers plenty of exciting baseball betting opportunities.

You can use your FanDuel bonus bets on any game, and any market, including run lines, totals, team props, player props, etc. Do not forget that our baseball experts provide free MLB predictions daily. Using your bonus bets on these cherry-picked picks might not be a bad idea.

Head to FanDuel, where backing the top title contenders Atlanta Braves to win the World Series with the $100 Bonus Bet could get you a $330 profit.

Learn More: What Are the Best MLB Betting Apps for Sports Bettors?

NFL and MLS

Football fans can also get their piece of the pie as the NFL preseason kicks off on August 11 and lasts until August 27, offering solid summer action for football handicappers.

Last but not least, we are also getting closer to the finish of the regular season in Major League Soccer (MLS). Extra fun and excitement are guaranteed now that one of the best players in soccer history has joined the league, as Lionel Messi is just about to make his Inter Miami debut alongside his former FC Barcelona teammate Sergio Busquets.

If you want to be bold, you could head to FanDuel and use your full $100 in bonus bets to back Leo Messi’s Inter Miami to cause an upset and win this year’s MLS — a bet that could net you a $3300 profit!

Learn More:

• US Sportsbooks Major League Soccer (MLS) 2023 Betting Guide
• Discover the Hottest MLS Bets as Messi Joins Inter Miami CF

How the New FanDuel Bonus Compares to Other Sportsbook Bonuses

This is a highly attractive welcome offer for any sports bettor. What makes it stand out in the sea of other promotions is you only need to wager $5 of your money; in return, you get $100 to play with.

Industry-standard sportsbook signup bonuses usually include matched deposit offers. In these cases, you would have to deposit $100 to get an additional $100 to play with.

Another popular type of bonus nowadays is the first bet insurance offer, where sportsbooks give you money back in bonus bets if your first wager lets you down. With this FanDuel promo, players receive bonus funds regardless of the outcome of their initial bet. You can thus win money with your requisite $5 wager and receive $100 in bonus bets on top of your winnings.

Also, we prefer straight bonus bets over standard bonuses tied to tough wagering requirements, as is often the case with deposit bonuses. With FanDuel’s bonus bets, you can place any wager you like, and the winnings are yours to keep. With most other bonuses, there are special rollover criteria that require betting the bonus amount a certain number of times before being able to withdraw the money.

If you do not have a FanDuel sportsbook account and like sports betting, you should certainly sign up and take advantage of this lucrative promo while it’s still available. To bet $5 and receive $100 in bonus money plus an additional $10 for each Team USA win at the 2023 Women’s FIFA World Cup is well worth taking.