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Two titles are up for grabs in New Jersey at UFC 316 as we've got a bantamweight rematch between challenger Sean O'Malley and champion Merab Dvalishvili as well as the women's bantamweight bout between challenger Kayla Harrison and champion Julianna Pena. If you're a bettor interested in UFC betting and utilizing sportsbook promos and betting sites for UFC 316, you may be interested in the DraftKings promo code, which gives new users $300 in bonus bets if they win a first wager of at least $5. 

How to claim the DraftKings promo code

It's important to note the DraftKings promo code is available only to new users who have never signed up for DraftKings before and are at least 21 years old (18+ in Kentucky and Washington D.C.) in a state where the sportsbook is available. If you qualify, here are the steps to follow. 

  1. Click "Claim Bonus" on this page, after which you will be taken to DraftKings Sportsbook.
  2. Create a DraftKings account, which includes entering information like name, email and the last four digits of your Social Security number,
  3. Agree to DraftKings' terms and conditions.
  4. Deposit at least $5 into your DraftKings account. 
  5. Place a first bet of at least $5 with odds of -500 or shorter.

If your first bet wins, you will receive $300 in bonus bets in the form of 12 $25 bonus bet tokens. Bonus bets are credited within 72 hours of your first bet settling and expire after seven days. If you win a bet using bonus bets you receive the winnings but not the stake. 

Sportsbook offers

Here's how DraftKings' new-user promo compares to offers from other sportsbooks before UFC 316. 

Brand

Promo

CBS promo code

DraftKings

Bet $5, get $300 in bonus bets if your bet wins

None required

FanDuel

Bet $5, get $300 in bonus bets if your bet wins

None required

Fanatics

Bet and get up to $1,000 in No Sweat Bets

None required

BetMGM

Up to $1,500 in bonus bets if your first bet loses

CBSSPORTS

Caesars

Bet $1, double your winnings your next 10 bets

CBSDYW

bet365

Bet $5, get $150 in bonus bets win or lose

CBSBET365

Like DraftKings, the FanDuel promo code and bet365 bonus code are both of the "bet and get" variety. After placing first bets of at least $5 with FanDuel or bet365, you receive bonus bets. DraftKings offers more than these two with $300 to FanDuel's $200 and bet365's $150. Your first bet doesn't need to win at bet365 to earn these bonus bets, but it does with DraftKings and FanDuel. 

With the BetMGM promo code, new users can receive up to $1,500 in bonus bets if their first bet loses. If you lose that first wager, you get your stake back in the form of bonus bets. The Fanatics Sportsbook promo code is a similar promotion, but it's for up to $1,000 in No Sweat Bets across a user's first 10 days with the sportsbook. Your first bet of the day for each of your first 10 days with Fanatics are covered for $100 each, so if any of those first bets lose, you get your stake back in bonus bets up to $1,000 in total. 

The Caesars Sportsbook promo code does not return bonus bets to users, but instead it offers profit boosts. After placing a first bet of at least $1, you receive 10 100% profit boost tokens to potentially double your winnings for 10 bets. 

Betting on UFC 316

O'Malley is a former bantamweight champion, but he lost his belt to Dvalishvili via unanimous decision at UFC 306 last September. That was just the second loss of O'Malley's career. Saturday is O'Malley's first fight since dropping the belt to Dvalishvili, and he owns a career record of 18-2. Dvalishvili retained the title in January via unanimous decision against Umar Nurmagomedov to move to 19-4. 

Dvalishvili is a -285 (wager $285 to win $100) favorite on the money line at DraftKings, while O'Malley enters this bout as a +230 (wager $100 to win $230) underdog. Oddsmakers expect this bout to be a long one, potentially going the distance once again. The over/under for total rounds is 4.5 (the fight must go past the 2:30 mark of the fifth and final round), with the Under priced at +195 and the Over at -260.

The other title fight sees Pena make her first defense of her bantamweight title against Harrison. Pena won the belt in October after a split decision victory over Raquel Pennington to move to 12-5 for her career. Harrison is 18-1 and on a three-fight winning streak, with her last win coming via unanimous decision against Ketlen Viera in October. 

The challenger is a resounding -750 favorite at DraftKings to walk out of Newark as the new champ, while Pena is a +525 underdog to retain. Under 4.5 total rounds is priced at -200, while Over 4.5 rounds is +154. 

Responsible gaming

Bettors of all experience levels need to practice and understand responsible gaming. That means not chasing losses, understanding your limits and also knowing the tools and resources available to you. DraftKings offers many resources, such as time and wager limits, for its users, and there are also national resources available such as The National Council on Problem Gaming, Gamblers Anonymous and 1-800-GAMBLER.