Latest FanDuel Sweet 16 Promo: Up To $1,000 In Bonus Bets If First Bet Loses

Written By Jeffrey Schreiber on March 24, 2023 - Last Updated on March 28, 2023
fanduel sweet 16 promo

Sweet 16 odds are now available to bet on. The NCAA men’s basketball tournament continues Thursday and Friday. New users can use a FanDuel Sportsbook promo to add up to $1,000 in bonus bets if your first bet loses. The best FanDuel Sweet 16 promo code does not need a special bonus code during sign up! To get this offer, sign up for a new account by clicking PLAY NOW in the banner below.

Get Up to $1,000 Paid Back in Bonus Bets

FanDuel Sweet 16 Promo Details

Currently, FanDuel Sportsbook offers a “No Sweat First Bet” deposit bonus. The maximum value of the FanDuel sign-up offer comes out to $1,000. 

You must make your first deposit on FanDuel Sportsbook of at least $10 after registering your new account via the link above. Then, make your first real money wager. If the bet wins, you don’t get the bonus bets, but you can instantly access your funds and withdraw them or keep betting as you, please. 

If, however, the bet grades as a loss, the FanDuel Sportsbook promo code activates. It awards your account a matching amount up to $1,000 as bonus bets. Best of all, you don’t have to risk the whole thing in one shot. You’ll find it in the account within 72 hours of the lost initial bet.

Please note: bonus bets do not pay out the same as a wager with real-world funds. A $50 wager on +100 odds with cash funds would pay out $100 on a win. This same wager with a $50 bonus bet would only pay out $50. This is because the value of the bonus bet is not included in the winnings.


Head to FanDuel’s main page. You’ll find two main options: “fantasy sports” and “sports betting.” Click the latter. Then click the state where you’re registering the account. If you’re not located in a legal state, you’re still allowed to make an account and bet with FanDuel Sportsbook. You have to do it when physically located in a legal jurisdiction. For example, I do most of my FanDuel betting in Iowa, even though I live in Nebraska. 

You need your email, a username you’ll select and a password. One box may prompt you for a FanDuel Sportsbook bonus code, but remember that as long as you register via the link above, you don’t need one to take advantage of the FanDuel sign-up offer.

To let you know, FanDuel Sportsbook will prompt you to change the password now and then for security. Once you’ve verified your email and jumped through all the necessary hoops, you’re ready to start betting.


While users can use this promo to wager on any sporting event, now is an opportune time to use your no-sweat bet on the madness going on in college hoops. Here is the Sweet 16 schedule with the TV channel and start time information.

  • Michigan State vs. Kansas State Thursday, March 23: 6:30 p.m. ET, TBS
  • UConn vs. Arkansas: 7:15 p.m. ET, CBS
  • Florida Atlantic vs. Tennessee: 9 p.m. ET, TBS
  • Gonzaga vs. UCLA: 9:45 p.m. ET, CBS 
  • San Diego State vs. Alabama Friday, March 24: 6:30 p.m. ET, TBS
  • Miami vs. Houston: 7:15 p.m. ET, CBS
  • Princeton vs. Creighton: 9 p.m. ET, TBS
  • Xavier vs. Texas: 9:45 p.m. ET, CBS

The locations for third round NCAA basketball tournament games have already been determined. Madison Square Garden in New York City will host the East third round games and the East Regional Final. West Region games will be played at T-Mobile Arena in Las Vegas. Midwest Region Sweet Sixteen contests will take place at T-Mobile Center in Kansas City. And the South Region third round games will be played at the KFC Yum Center in Louisville.

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Jeffrey Schreiber Avatar
Written by
Jeffrey Schreiber

Jeffrey Schreiber is a sports writer with TheLines and Catena Media. Jeff is recent college graduate with a background in finance and analytics. His goal is to provide readers with data and information behind the "why" to make a bet. His most memorable betting moment came during the divisional round of the 2022 NFL playoffs when he turned $37 in same-game parlay bets into $25,000.

View all posts by Jeffrey Schreiber