FanDuel Sportsbook Indiana is giving bettors in the Hoosier State plenty of incentive to back the Colts over the Saints tonight on Monday Night Football. Users of FanDuel Sportsbook, one of the leaders in the Indiana online sports betting market, is currently offering the Colts at +20 with its “Spread the Love” campaign.
This is definitely one of the most creative promotional deals we’ve seen.
Here’s how it works: FanDuel Sportsbook Indiana is increasing the point spread in the Colts’ favor by one full-point for every 250 bettors in the state of Indiana that take Indianapolis with the points. After opening as an 8-point underdog, the Colts are currently available with +20 spread.
Let’s do some quick math here. One point for every 250 bettors….12 points of bonus value on Indy…that’s 250 multiplied by 12….which means that 3,000 people have taken advantage of this promo and have helped their fellow bettors score insane odds on tonight’s game.
People helping people, coming together for the common good. It’s truly a demonstration of the holiday spirit. You just love to see it.
Typically, legal sportsbooks incentivize new users to sign up by offering risk-free bets, sign up bonuses, and deposit matches. FanDuel Sportsbook does this, too, as they also offer a $500 risk-free bet to new users that download the app. You can take advantage that deal right right here.
But we love this particular promo, which comes with a $50 max bet, because it also provides users with extremely advantageous odds of cashing a win on their initial wagers.
As of Monday afternoon, the Colts are an 8.5-point underdog, so those who bet with FanDuel Sportsbook in Indiana will catch the benefit of an additional 11.5 points of value (or more) than what the market demands. Crazier still, FanDuel isn’t putting a cap on the spread, so it figures to increase as kickoff approaches.
Just how much value is on the Colts +20, you ask?
Users outside of Indiana would have to risk $380 to win $100 on the Colts at +20.5, so we’re talking about substantial value here.
The Colts have already shown that they are plenty capable of going into a hostile environment as a big-time underdog and coming away with an upset win (and cover). Back in Week 5, Indy traveled to Kansas City as an 11.5-point underdog and handed the then-undefeated Chiefs their first loss of the season.
In order to take advantage of this deal at FanDuel Sportsbook, users must find the “Spread the Love” promo heading in the app and place their bets in the appropriate menu.