Online sportsbooks usually offer “welcome bonuses” for new users to entice people to join their platforms, and FanDuel and Bet365 have two of the best offers in the business.

Bet365’s ‘First Bet or Bet & Get’ Offers

New users who sign up for Bet365 using the promo code FORBES in the U.S. (FORBESCAN in Canada) can choose between two welcome offers when they open an account.

One option is getting your first wager back (up to $1,000) as a bonus bet if it loses. The other option is getting $150 in bonus bets after placing one $5 wager.

To qualify for either offer, enter the promo code FORBES during registration and deposit at least $10. Your bonus will depend on which welcome offer you claim within 30 days of registering.

If you choose the “First Bet Safety Net” option, you can place a first wager of any amount. If it loses, Bet365 will give you a bonus bet equal to that amount up to $1,000, giving you a second chance to win a different wager. If your first bet wins, you’ll receive your winnings in cash but no bonus bet.

If you choose the “Bet and Get” option, place a bet of at least $5 on any market with minimum -500 odds. Bet365 will automatically add $150 in bonus bets to your account when your wager settles, regardless of whether it wins or loses. If it hits, you’ll also receive your winnings in cash.

Bet365’s welcome offer is unique because most sportsbooks only provide one offer for new customers.

FanDuel ‘Bet & Get’ Offer

FanDuel‘s welcome offer is similar to Bet365’s “bet and get” option. After registering, depositing $5+ and betting at least $5, you get $200 in bonus bets if your first wager wins. The bonus is in the form of site credit that expires after seven days.

If you’re in Massachusetts or Ohio, you must deposit at least $10 instead of $5. If your first $5+ wager wins, you’ll get $300 in bonus bets.

You must win your first wager at FanDuel to claim the bonus bets, whereas the bonus bets are guaranteed with Bet365’s “bet and get” offer.

No FanDuel promo code is required.