Fox Bet Bonuses reward new users in two different ways providing some of the best value in the industry to interested sports bettors.
The first two Fox Bet Bonuses are actually a bit of a double whammy in the best of ways.
Not only will you get rewarded $20 to bet with just for signing up, but you could also get $100 in extra bonus money depending on how much your initial to the site is.
This means you can start using the site risk-free in a sense since if you lose these bets with these funds you’re not actually losing any of your own money. There are several terms and conditions you should be made aware of before relying on these welcome bonuses at Fox Bet.
We’ll uncover the details for each promotion below as well as run through strategies for how to make the most of these bonuses.
$20 No Deposit Sign Up Bonus
The first Fox Bet welcome bonus is just as it sounds. Fox Bet will give you $20 in bonus money simply for signing up. There are some stipulations for you to get and use this reward.
- You need to be located within the borders of either New Jersey or Pennsylvania in order to bet on sports with Fox Bet.
- You will need to provide some basic personal information along with the last four digits of your social security number and proof of identification to make sure you’re above the legal betting age.
- Once your account is verified, you will need to use those bonus funds within 30 days of receiving them.
- You cannot automatically withdraw the bonus funds. Instead, you will need to bet 100% of the funds before you cash out.
- You can only bet on odds that are at a minimum of -200 or greater.
- You cannot combine this promotion with any other promotion on the site.
This bonus is great for new users because it allows them to essentially make their first wager at Fox Bet risk-free.
$100 Deposit Match Bonus
The $100 first time deposit bonus at Fox Bet is a bit different than the $20 sign up bonus. That’s because this bonus requires a bit of a commitment to the site.
Fox Bet will match whatever your initial deposit is to the site 100% for up to $100. That means if only deposit $50 then you will only get $50 in bonus money and if you deposit $200 then you will only receive $100 in extra funds.
The more your initial commitment to using the site, the greater the reward.
The stipulations for this promotion are almost identical to the $20 deposit free bonus. You’ll still need to play through 100% of your funds within 30 days to be able to actually withdraw anything.
You will also have to deposit a minimum of $10 to qualify for this Fox Bet bonus.
How To Get The Most Out Of Fox Bet Welcome Bonuses
The key to getting the most of Fox Bet’s Welcome Bonuses is to play the odds wisely.
For example, when it comes to the $20 deposit free bet, you could simply place a bet on a -200 favorite and walk away with $30. But, you could instead use this $20 on a parlay bet and possibly double, if not triple that bonus money into much more.
Parlays are naturally riskier bets, but since you would be using bonus money, that would take a bit of the risk out of it.
When it comes to the deposit bonus the same concept applies.
But, if you are awarded the full $100 in the deposit match bonus, you may want to be more careful in how you spend those funds. Putting it all on a -200 favorite and walking away with $50 may not be a bad strategy.
Or you could always split those funds into five $20 parlay bets like in the first example. It really all comes down to preference and what great odds are available at the time that you are able to snag the reward.