Like its chief competitor, DraftKings, the DFS giant is now a part of the sports betting industry.
With a new era in gambling beginning across the country, FanDuel is ready to make a case as the go-to sportsbook.
FanDuel Sportsbook deposit bonus
Each new online sportsbook comes with incentives to bring in new players. For FanDuel, this includes doubling initial deposits between $10 and $100 made within seven days of registration.
Before becoming eligible for withdrawal, both the initial deposit amount and the bonus money must be wagered in full. Any wagers placed on extreme favorites – teams or individuals with odds greater than -200 – do not count toward fulfilling that wagering obligation.
One other new player incentive on offer is FanDuel’s refer-a-friend bonus. If a current account holder refers a friend who then creates a new account, both players are awarded $20 to share in bonus money.
FanDuel Sportsbook overview
The fantasy sports juggernaut FanDuel is best known for being one of the top names in the $3.2 billion annual daily fantasy sports industry. Now, thanks to the Supreme Court’s ruling in May that legalized sports betting in New Jersey (and a few other states), FanDuel is adding an online sportsbook to its portfolio.
FanDuel first ventured outside the fantasy sports world when they opened a physical sportsbook at the Meadowlands racetrack in July. Under the new ownership of Paddy Power, one of the premier players in the European online sports betting market, FanDuel wasted no time before going live throughout all of New Jersey, launching a new online sportsbook at the beginning of September.
Who can bet at FanDuel Sportsbook?
Anyone at least 21 years of age who does not appear on New Jersey’s exclusion list is eligible to sign up for a new account.
New Jersey state law prevents anyone in a position to influence the outcome of an event – such as a player, coach, trainer, or game official – from legally gambling on sports. Casino Key Employee license holders are also ineligible.
Location requirements are only an issue when placing wagers – a player must be within the state borders (verified through geolocation technology) when submitting a bet slip. However, a new account can be created from anywhere in the world.
FanDuel Sportsbook account set-up
Registration for a new online sportsbook account with FanDuel is straightforward and does not require an account with the company’s daily fantasy sports website – the two sites are separate from each other.
The only information a new user needs to provide is their name, date of birth, physical address, email address, phone number and Social Security number. Based on this information, FanDuel verifies the user’s identity. A photo ID, which is required by many online sportsbooks around the country, is not part of the registration process at FanDuel.
New registrants must also choose a unique username, a password of at least eight characters, and the answers to two security questions. Note that once a username and security answers have been submitted, they cannot be changed. Passwords, however, can be changed at any time.
If FanDuel has any reason to suspect that an account has been compromised or presents a security risk, the owner of that account may be required to provide a photo ID and proof of ownership of any credit cards and bank accounts linked to the account.
FanDuel Sportsbook app
A mobile app for both Android and iOS is available to FanDuel players.
The first thing bettors will notice is how similar the app is to the desktop website. Both platforms feature clearly laid out shortcuts that direct the user to their sport of choice. Players can also use horizontal tabs to see what’s popular, what’s happening live, and what big events are coming up on the calendar.
Users can also register for an account directly through the app as well as handle all deposits and withdrawals from their mobile device.
FanDuel Sportsbook rewards system
When a player registers for a new FanDuel sportsbook account, they are automatically enrolled in the FanDuel Players Club. Like most similar loyalty programs, this one is points-based – players accrue points according to how much and how frequently they wager.
Bettors also climb up a series of tiers based on the number of points they earned in the previous month. The higher the tier, the greater the rewards, with the highest-earning players claiming as many as five free plays a month.
One thing that separates the FanDuel Players Club from other similar rewards programs is that as long as the account remains active, the points never expire. Whenever a player earns a single point in a 12-month period, the account stays active, and the points roll over.
Other player offers and promotions
Keeping returning players engaged with promotions and new ways to play is just as important as getting them to sign up in the first place. FanDuel has plenty of experience in this area, providing various promotions in its daily fantasy sports offerings. This experience is reflected in the promotions available on the new sportsbook.
For the US Open tennis tournament, FanDuel offered risk-free bets of up to $50. Players who made a money line bet for the opening week of the NFL season were eligible for “Halftime Insurance” – they received $50 in free bets if the team they wagered on was leading at halftime but ended up losing the game.
As the NFL season progresses, baseball gets into its postseason, and basketball and hockey get into full swing, FanDuel players can expect similar promotions for each of these sports as well as other upcoming high-profile sporting events.
Making deposits and withdrawals
FanDuel’s ease of operation extends into the way it handles deposits and withdrawals.
Users can deposit money into their accounts by:
- Direct bank transfer
- Credit card
- FanDuel Prepaid Card
- Personal or cashier’s check
- Cash at one of the many PayNearMe machines located inside New Jersey-area 7-Elevens and CVS pharmacies
While players can make deposits using credit cards, but it’s important to keep in mind that some credit card companies may label payments for online gaming as a cash advance, imposing extra fees on top of any interest they may already charge.
Another simple way to fund an account is through PayPal. If a player used this method to make a deposit, they may also use it to withdraw winnings. However, money withdrawn via PayPal can take up to 48 hours to appear in the bank account.
Users can also have E-checks deposited directly into their bank accounts with three to four days for processing, or they can request a physical check to be sent to their home, which takes between five and seven business days.
Betting options at FanDuel Sportsbook
If an online sportsbook doesn’t provide its customers with a similar — or better — experience as standing in front of a teller inside a sportsbook and casino, it is unlikely to achieve long-term success. Knowing this, FanDuel offers its players a complete range of bet types and sports.
Available wagers include straight bets (point spreads and money lines), parlays, props, teasers, round robins and futures bets. Additionally, in the newest betting trend that is all the rage, players can place live in-play wagers – action that is played after an event has started and as the odds and point spreads fluctuate with the game’s direction.
Bets can also be placed on everything from international soccer to golf and tennis, to the full slate of football, basketball and baseball games.
If a player is new to sports betting, they don’t need to feel intimidated. A section of FanDuel’s website titled “Sports Betting Training Camp” is dedicated to teaching all the ins and outs of the bets listed above, as well as what a player needs to know before betting on each specific sport.