On Thanksgiving night, FanDuel Sportsbook is turning a heated AFC North rivalry into a betting bonanza — offering new users $150 in bonus bets for just a $5 wager on the Cincinnati Bengals vs. Baltimore Ravens game at M&T Bank Stadium in Baltimore, set for on November 27, 2025. No promo code needed. Just sign up, deposit $5, place your first bet, and if it wins? You’re walking away with $150 in bonus funds — plus your original winnings. But here’s the twist: if your $5 bet loses, you get nothing. And those bonus bets? They vanish in seven days. No cashouts. No refunds of the stake. Just pure, high-stakes reward.
Why This Bet Matters More Than Just Thanksgiving Dinner
The Ravens (6-5) are riding a five-game winning streak, while the Bengals (3-8) are reeling from four straight losses. But the real story? Joe Burrow. The Bengals’ star quarterback, sidelined since mid-November with a toe injury, is expected to return for this one. That’s a game-changer — not just for the offense, but for the betting markets. Oddsmakers at FanDuel Sportsbook have installed Baltimore as 8.5-point favorites, the largest spread in the NFL’s Thanksgiving tripleheader. According to Fox Sports, that’s a 78.9% implied win probability — the highest of any game on the holiday. Even with Burrow back, Cincinnati has covered the spread just twice in seven games as a 7-point underdog or worse this season.
The over/under sits at 51.5 points — and it’s telling. Cincinnati’s games have hit the over seven times this year. Their offense, though inconsistent, has a habit of scoring in bursts. Baltimore’s defense? It’s improved, but they’ve allowed 27+ points in four of their last six home games. This isn’t just a blowout waiting to happen. It’s a potential shootout.
How the Bonus Works — And Where It Gets Tricky
Claiming the offer is straightforward: click the ‘Claim Bonus’ link, create an account, deposit at least $5, and place your first wager on any market — point spread, moneyline, over/under, even player props. CBS Sports and Sports Illustrated both confirm the $5 minimum deposit is valid. But some sites like FantasyLabs mention a $10 requirement — a discrepancy that’s left bettors confused. Stick to the official FanDuel app. That’s where the rules are binding.
Here’s what you won’t find in the fine print until it’s too late: bonus bets don’t return the stake. So if you use $20 in bonus funds on a Ravens moneyline at -350 and win, you get $5.71 in profit — not the $20 you wagered. And if you try to cash out? Nope. The terms are crystal clear: bonus bets are non-withdrawable. They’re betting chips, not cash.
And timing matters. The $150 bonus hits your account within 72 hours — but only if your $5 bet wins. If it loses? Game over. No second chances. That’s why FantasyLabs recommends targeting the Ravens on the spread. Even if you only win $1 or $2 on the $5 bet, you still unlock the full $150 bonus. It’s a low-risk, high-reward play — if you’re okay with betting on the favorite.
The Bigger Picture: FanDuel’s Thanksgiving Strategy
This isn’t an isolated promo. It’s part of FanDuel’s broader Thanksgiving NFL blitz, which includes the Detroit Lions vs. Green Bay Packers (1:00 p.m. ET) and Dallas Cowboys vs. Kansas City Chiefs (4:30 p.m. ET). The timing is no accident. Thanksgiving draws 25 million+ viewers for NFL games annually. FanDuel is betting — literally — that you’ll be glued to the screen, snack in hand, phone in the other.
They’re also leveraging their “Bet Protect” feature — refunding pre-live player props if a player exits in the first quarter — and their “Refer-a-Friend” program, which gives $50 in bonus bets when a friend places their first settled bet. These aren’t just promotions. They’re retention tools. Once you get hooked on the bonus, you’re more likely to stick around for future games.
What’s Next for Bettors?
If you’re new to sports betting, this is a low-barrier entry point. But don’t treat it like free money. The bonus is designed to get you to place more bets — and the house always wins in the long run. Veteran bettors know: the best play isn’t chasing bonuses. It’s using them wisely. If you get the $150, don’t go all-in on a 10-1 longshot. Use small, smart wagers. Spread it out. Target high-probability outcomes. That’s how you turn a promotional gimmick into real value.
And if you’re a Bengals fan? Hold on tight. Burrow’s return could spark a miracle. But history says otherwise. The Ravens are 6-1 in their last seven home games against Cincinnati. They’ve dominated this series. And now, with a $150 carrot dangling, FanDuel’s making sure you’re watching — whether you’re rooting for the Ravens or hoping for a miracle.
Frequently Asked Questions
Do I need a promo code to claim the $150 bonus?
No promo code is required. Simply register a new FanDuel account, deposit at least $5, and place your first $5 wager on any market for the Bengals-Ravens game. If the bet wins, the $150 in bonus bets will be credited within 72 hours. The offer is automatically applied upon meeting the terms.
What happens if my $5 bet loses?
If your initial $5 wager loses, you won’t receive any bonus bets. The promotion is entirely contingent on a winning first bet. There’s no consolation prize, no refund, and no second chance. This is a win-or-get-nothing offer — which makes targeting the heavily favored Ravens the most statistically sound strategy.
Can I withdraw the $150 bonus as cash?
No. Bonus bets are non-withdrawable and cannot be cashed out. They function as free bets — meaning you only keep the winnings, not the original stake. For example, a $20 bonus bet on a -110 line that wins returns $18.18 in profit, not $38.18. The $20 stake is gone, and you can’t convert the bonus into real money.
How long do the bonus bets last?
The $150 in bonus bets expires seven days after they’re credited to your account. FanDuel does not extend this window, and unused bonus funds are forfeited automatically. To avoid losing them, use the bonus bets within the first few days — ideally on high-probability markets like the Ravens’ spread or the over/under on total points.
Is the $5 deposit requirement consistent across all states?
Yes. FanDuel’s official terms, as confirmed by CBS Sports and Sports Illustrated, require a $5 minimum deposit and wager. While some third-party sites like FantasyLabs mention $10, those are likely outdated or misinterpreted. Always rely on FanDuel’s in-app terms — they override all external reports.
Can I use the bonus bets on other games?
Yes. Once credited, the $150 in bonus bets can be used on any market across FanDuel’s sportsbook — not just NFL games. You can bet on NBA, MLB, soccer, or even esports. But remember: the bonus must be used within seven days, and each wager must be placed in increments of $1 or more. The more you spread them out, the longer you keep your account active.