FanDuel promo code unlocks $150 sign-up bonus for NBA, any sport, all week

If you're in Vermont, you can still get $200 bonus bets instead of the standard $150 following the Green Moutain State's sports betting launch earlier this month. But if you've already signed up in another state like Massachusetts or New York, you can't get this offer.

FanDuel Promo Code: How to get $150

FanDuel's offer is super straightforward. Just deposit $10, and make a $5 bet on anything. You'll then get $150 in bonus bets -- the terms and conditions say it can take up to 72 hours, but it's usually right away.

So say I deposit $20 and put it all on the Lakers at +300 on Tuesday night against the Clippers.

• If the Clippers win, I lose all the cash in my account, but I still get $150 in bonus bets.
• If the Lakers win, I profit $60, keep my $20, and get the $150 in bonus bets.

If you activate the offer this week, you'll get them in plenty of time to use them on the NFL this weekend, or any other sport you'd like. The bonus bets do expire in seven days, so don't wait too long.

Say I take $10 in bonus bets (at FanDuel, you can split them up however you'd like; the bonus bets don't come in pre-cut increments) and put it on Lions WR Josh Reynolds to score a touchdown against the 49ers at +400.

If Reynolds scores, I'll profit $40 but I don't keep the $10 bonus bet. But that $40 is cash I can withdraw and I'll have $140 in bonus bets left.

If he doesn't score, I just lose the bonus bet, and I'll have $140 in bonus bets remaining.

What to Know About FanDuel's Bonus Bets

1. FanDuel's bonus bets expire in seven days.
2. You can split your bonus bets into any increment. So you can make one big, $150 bet with a bonus bet, or 150, $1 bets. And of course everything in between.
3. We always recommend using bonus bets on longshot wagers priced between +300 and +500. Because you're not keeping the bonus bet itself, you're always going to get more expected value that way.

Signing Up at FanDuel

1. Use this link to activate the offer
2. Sign up with all your real, personal info, including the last four digits of your SSN. If you fake any info, FanDuel can't verify your identity, and you won't be able to deposit or bet.
3. For the best chance at immediate verification, make sure your address matches the address on your driver's license.
4. Deposit $10 (credit card, bank account transfer or debit card all work at FanDuel, though some credit cards may block gambling sites).
5. Place a $5 bet on anything
6. Collect your $150 in bonus bets