As Pennsylvania online sportsbook promo offers go, FanDuel Sportsbook is offering a great cost-free one that minimizes your risk. The site provides close-loss insurance on your NFL football wager.
All you need to do each week is opt-in. There’s a promo box at the top of FanDuel’s site when you sign in to place your football picks.
The insurance had hit 17 times since the promo began during Week 3 of the NFL season.
Get half your bet back as bonus money
If you lose a close bet on a moneyline football wager, you can still get up to $50 back in site credit. Per the promo, FanDuel will pay back half of your bet, up to $100, if your team loses by 6 points or less.
You’ll have to wager the entire amount again before you can withdraw the bonus money. The bonus funds expire in seven days if you do not use them.
Other stipulations of the insurance offer
The other major stipulation is it applies to one outcome per week. Additionally, live bets, cash out, and multi-bet wagers, such as teasers and parlays, are not eligible. However, there is a $25 insurance promo available for eligible parlay bets.
The good news is you can opt-in again in subsequent weeks. Typically, insurance for close games is available just to new customers. Often it is capped at $25.
But not so at FanDuel.
By the way, new users of FanDuel can still qualify for a $500 risk-free bet just for signing up.
How close-loss insurance works
Here’s an example of how the offer works.
Let’s say you place a $100 bet on the Steelers to win outright. If they win the game, you win the payout on the bet.
But if the Steelers lose by 6 points or less, you will receive $50 of your $100 back.
The same close-game insurance offer is available to FanDuel customers in New Jersey and West Virginia, too.
FanDuel’s promos help set it apart from the competition
By making this generous promo offer, FanDuel is setting itself apart even though it is already leading in the PA market, as well as in NJ.
As PA Online Casino reported, FanDuel, under the license of Valley Forge Casino, in August handled $37.8 million in wagers. A staggering 93% came via the website and mobile app, not its retail sportsbook.