Mastering Bonuses and Offers in DFS for New Players

Matt Brown
By Matt BrownPublished: October 19, 2023
Mastering Bonuses and Offers in DFS for New Players

Playing daily fantasy sports can be a thrilling experience, especially for beginners looking to take their skills to the next level. One of the biggest advantages of playing DFS is the lucrative bonuses and offers that are available to players. However, many new players often overlook these bonuses, which can lead to missed opportunities and fewer winnings.

The problem is that many DFS sites don't even require a bonus code; instead, you have to follow a link to get the bonus. If you're not prompted for a promo or bonus code, you don't know that you can get a deal when you first sign up. Sure, if you're prompted for a code, then you'll go search for one.

So, what's the deal with bonuses? That's what we're covering today. We'll give you all of the details of these bonuses, from the types to how to use them. They're a great way to pad your bankroll if you play it smart.

Understand the Types of Bonuses and Offers

Before you can start taking advantage of DFS bonuses and offers, it's important to understand the available different types.

Some common types of offers include deposit bonuses, bonus bets & entry tickets, cashbacks, and loyalty programs, among others.

Each of these bonuses has its unique benefits and requirements. Here are a few of the more common bonuses DFS sites offer—

  • Sign-up Bonus: This is a broad term for bonuses offered to new users who register for the first time on a DFS site. The bonus may match a percentage of the user's initial deposit or provide a fixed amount.
  • Deposit Bonus: This bonus type matches the user's deposit percentage. This often comes in the form of a sign-up bonus. For instance, a 100% deposit bonus on a deposit of $100 would add an extra $100 to the user's account. We usually recommend maximizing these.
  • Free Entry Ticket: These are free passes allowing users to participate in paid contests without any entry fee. They are often given as a reward for signing up or making a deposit. The sports betting industry calls this a bonus bet, but we're focusing on DFS.
  • Referral Bonus: This bonus is given to existing users who refer friends or acquaintances to the DFS platform. Once the referred individual signs up and starts playing, the referring user receives a bonus. Get your buddies to join and get some extra cash in your account.
  • Loyalty Bonus: Some DFS platforms have loyalty programs where users can earn points for each game they play. When a certain number of points is reached, these can be redeemed for bonuses or free entries to paid contests.

DFS sites are getting more creative with their bonuses, so they're always changing. The deposit bonus is by far the most common. Here are a few bonuses that the big DFS sites are offering.

Underdog Fantasy Logo

100% Deposit Match

Up to $100 + Pick'em Special

EWD

Must be 18+ (19+ in AL and NE, 21+ in AZ, IA, LA, and MA). Concerned with your play? Call 1-800-GAMBLER or visit www.ncpgambling.org.
Vivid Picks Logo

100% Deposit Bonus up to $100

+ $5 Entry

EWD

Must be 18+ (19+ in AL and NE, 21+ in AZ, IA, LA, and MA). Concerned with your play? Call 1-800-GAMBLER or visit www.ncpgambling.org.
PrizePicks Logo

100% Deposit Match

Up to $100

EWB

Must be 18+ (19+ in AL and NE, 21+ in AZ, IA, LA, and MA). Concerned with your play? Call 1-800-GAMBLER or visit www.ncpgambling.org.

Read the Fine Print

Once you've identified the type of bonus or offer you want, ensure you always read the fine print.

Each bonus or offer comes with its own set of terms and conditions, which usually include wagering requirements and time limits.

Some bonuses require you to reach a specific amount of play, while others may have a time limit before the offer expires. Reading the terms and conditions will ensure that you know what you're getting into and avoid any surprises later on. We've seen a few DFS players sign up and miss out on a bonus because they waited too long to place a deposit.

Don't be that guy.

Check the Eligibility Requirements

Screenshot Showing Underdog Terms

Some bonuses and offers are only available to players who meet specific eligibility requirements.

For instance, a deposit bonus may only be available to new players who are making their first deposit. Others might have regional requirements, where the bonus is only available to players from certain states.

Take a look at the Underdog Fantasy promo requirements, for example—

  • The Deposit Match Fantasy Bonus promotion from Underdog Fantasy is open to individuals who are 18 years and above, with some age restrictions in certain states.
  • The offer is available in regions where Underdog Fantasy operates.
  • Eligible new customers need to create an account and make an initial deposit to participate.
  • The promotional bonus will be credited within 72 hours of the deposit and can be used for entry fees into fantasy sports contests.
  • The promotion has a turnover requirement of 1x the initial deposit plus the promotion bonus amount, which should be met within 60 days.
  • Participants are allowed to withdraw any winnings accrued during the period.
  • Participants can cancel their participation at any time and withdraw the deposited funds, but the promotional bonus cannot be withdrawn.
  • Any disputes with Underdog Fantasy must be resolved through binding arbitration, and class action lawsuits are not permitted.

That may seem like a lot, but until you look at the terms page in legal jargon, you realize it's not as bad. The big takeaway is you have to be of age, in the right state, play right away, and keep playing.

Know When to Claim the Bonus

Timing is also essential when it comes to claiming DFS bonuses and offers.

Some offers may be time-sensitive, while some bonuses require you to claim them before a specific tournament or game starts.

Think about it. You've probably been to a site and entered a promo code only to find it expired or invalid.

This is why we always verify our bonuses regularly. Just because the DFS site says the promo is good through the end of the month or a specific date doesn't mean they'll adhere to that. Sometimes, they'll cancel a promotion early for various reasons.

Claiming the bonus at the right time will allow you to maximize its benefits and increase your chances of winning.

Strategize Using the Bonuses

Now that you have the bonus in your account, it's important to strategize your gameplay around the bonuses and offers.

Some bonuses and offers can be used to fund entry fees, while others may offer cashback after a certain amount of play. Using the rewards strategically will help you achieve better results and maximize your winnings.

It's easy to think that the bonus is completely free, so you can play however you want, but the reality is that the DFS sites are giving these bonuses away to attract and retain players. So, if you use them strategically and wisely, you can increase your chances of winning big.

Take your time, research, and plan accordingly before participating in any DFS contests or games. If you play it right, you can turn that 100% deposit match of $100 into thousands of dollars.

Ready to Get Your Bonus?

Bonuses and offers in DFS provide an excellent opportunity to increase your chances of winning big and should not be overlooked. However, to master these bonuses, it's essential to understand the types of bonuses, read the fine print, check eligibility requirements, know when to claim, and strategize.

Check out the reviews and promo codes we've provided for various DFS platforms, and get started on claiming your bonuses now. Don't miss your chance to turn that free bonus into real winnings. Play smart and have fun playing daily fantasy sports.

Matt Brown

Matt Brown

Head of DFS

Matt's deep-rooted enthusiasm for sports betting and daily fantasy sports infuses the EatWatchDraft team with valuable expertise in football, hockey, and baseball. His forward-thinking perspectives are grounded in a solid academic foundation, including a B.S. in Aeronautical Computer Science and an M.S. in Project Management. This combination of sports passion and technical knowledge fuels Matt's innovative input to the platform.