Ranking
Ohio Bet-and-Get Promos: Place $5, Earn $150 in Bonus Bets
FanDuel and bet365 both pay $150 in bonus bets when your first $5 bet wins. See which qualifying-odds rules and payout paths differ between the two.
Rankings at a Glance
Two Ohio sportsbooks run a true bet-and-get structure right now: place $5, and if that first bet wins, you receive $150 in bonus bets. The dollar amounts match; the qualifying rules diverge in one meaningful way.
Which Ohio Sportsbooks Offer a Bet-and-Get Promo?
FanDuel and bet365 are the primary books running this format in Ohio. Both require a minimum $5 real-money wager and pay out $150 in bonus bets when the first bet wins. Neither promises a refund if the first bet loses — that is a separate structure entirely. For a side-by-side of both approaches, see the Ohio promo types comparison covering first bet insurance vs bet-and-get.
How Do FanDuel and bet365 Compare on the Bet-and-Get?
| Sportsbook | Qualifying Bet | Bonus Payout | Odds Restriction | Bonus Expiry | Code Required? |
|---|---|---|---|---|---|
| FanDuel Ohio | $5 first real-money bet | $150 in bonus bets if first bet wins | None stated | Per operator terms | No code required through most opt-in flows |
| bet365 Ohio | $5 first real-money bet; $10 minimum deposit | $150 in bonus bets if first bet wins | Odds of -500 or greater required | Per operator terms | Code CBSBET365 available via CBS Sports |
| DraftKings Ohio | $5 first real-money bet | Up to $100 in bonus bets | None stated | 7 days (168 hours) | No code required; stake deducted from payout on win |
What Does the Odds Restriction on bet365 Actually Mean?
The -500 or greater requirement on bet365 is worth slowing down on. A -500 favorite means the sportsbook calculates a roughly 83% implied win probability — heavy favorites only. Betting a -600 line, for instance, would not qualify. FanDuel carries no equivalent restriction on its bet-and-get offer, which gives bettors more flexibility on which market to use as their trigger bet.
Full terms for each offer are covered in the dedicated FanDuel Ohio promo code review and the bet365 Ohio promo code page for CBSBET365.
Are Bet-and-Get Bonus Bets Withdrawable?
No. Bonus bets at licensed Ohio sportsbooks are non-withdrawable by definition. Place the $150 as a wager; any winnings that come from it are real cash you can withdraw. The $150 stake itself is not returned with the payout. This applies to FanDuel, bet365, and every other licensed Ohio operator.
Can Someone Claim Both Offers?
Yes — each Ohio sportsbook issues its welcome offer once to each new customer. Signing up at FanDuel and bet365 separately means two separate eligible wagers and, if both win, two separate $150 bonus-bet payouts. Each offer is limited to one per person, household, and device. For a broader look at how this stacks against higher-cap insurance offers, the ranked list of Ohio sportsbook promos by offer value covers the full field.
How to Claim a Bet-and-Get Offer in Ohio
- Verify you are 21+ and physically located in Ohio at the time of wagering.
- Create a new account at FanDuel or bet365 (use code CBSBET365 at bet365 if coming through a CBS Sports link).
- Make a qualifying deposit — bet365 requires at least $10; FanDuel's minimum is standard per their terms.
- Place your first real-money wager of $5 or more. For bet365, confirm the odds are -500 or greater.
- If the bet wins, $150 in bonus bets is credited to your account.
Questions about how promo codes interact with taxes and payouts are addressed in the Ohio sportsbook promo code FAQ on bonus bets, taxes, and payouts. Must be 21+. Gambling problem? Call 1-800-GAMBLER.