FanDuel Offers Sweet Sweet 16 Special

A detailed view of March Madness logos on seats. Dylan Buell/Getty Images/AFP.

The first weekend of the NCAA Tournament is in the books, and we’re down to the Sweet 16. That gave FanDuel the chance to come up with a sweet gambling deal that pays you 30-to-1 odds, win or lose.

What You Get

If you sign up for a FanDuel account and deposit at least $10, you’re eligible to earn the 30-to-1 bonus. Your first $5 bet on any team to win its Sweet 16 game will earn you $150.

It doesn’t matter if the team you picked wins or loses, you get the $150 just for placing the wager. So that’s a guaranteed 30-to-1 payout, plus whatever you can win picking games correctly.

The Games Start Soon

While it’s advertised as a Sweet 16 promotion, the offer actually has a wider scope than that. If Thursday’s Sweet 16 games have already tipped off, no problem.

The terms and conditions of the deal specify that you can bet $5 “on any market available on the FanDuel Sportsbook” and get the $150 bonus, win or lose.

Fine Print

There’s an age restriction of 21 years old, and gamblers must be physically located in one of the states FanDuel does business: New Jersey, Pennsylvania, Indiana, Iowa, Virginia, West Virginia, Michigan, Arizona, Colorado, Illinois, Connecticut, Louisiana, New York or Tennessee. There are also nine parishes in Louisiana where the offer is not valid.

It’s limited to new users only, and the promotional period ends at 11:59 PM on April 4.

As with most of the bonus offers you’ll come across, you need to bet the $150 bonus payout—you can’t withdraw that money and pocket it.