Sports bettors can make an initial deposit and wager it on any sporting event. If the bet wins, you get no bonus money. If your first bet is graded as a loser, this offer entitles you to a full refund of up to $1,000.
Terms and conditions apply
FanDuel Sportsbook provides new online sportsbook customers with a risk-free bet worth up to $1,000 for signing up for a FanDuel account. Sports bettors can make an initial deposit and wager it on any sporting event. If the bet wins, you get no bonus money. If your first bet is graded as a loser, this offer entitles you to a full refund of up to $1,000. Your refund will be issued within 72 hours. It takes the form of free bet credit, which requires a 1x rollover. A similar $1,000 risk-free bet offer is available for the online casino, along with a deposit match bonus for the racebook and another for the daily fantasy sports product at FanDuel.
This is a very average offering and you would kind of expect more from one of the dominant industry leaders. For example, Caesars upped their game by offering a $1,500 risk-free bet to new customers. PointsBet also raised its stakes by offering a $2,000 risk-free bet.
FanDuel Sportsbook hands out free bets regularly but they typically have low maximum bet limits, making these promos less appealing. For example, if you bet $20 on a football parlay with three or more legs, you will be given a $10 free bet as a reward. This promo is available for NFL games and college football. A promo that runs throughout the MLB season is “Dinger Tuesdays.” You can place a $25 bet on a player to hit a home run, and you will then get a $5 free bet for every home run scored in the game, even if your chosen player does not hit one.
You can enjoy a risk-free bet worth $10 on a same game parlay with three or more legs each week of the NFL season. If your bet loses, you will get a refund in site credit. Once again, your free bet credit has a 1x playthrough requirement. There is no need to enter a FanDuel promo code to claim these offers. Just place your bet and opt-in. A similar offer runs during the NBA playoffs. Your parlay must have odds of +400 or greater to qualify. It’s also worth noting that their same game parlays offer little in the form of legitimate odds boosts and increase the amount of risk you’re taking on your bets.
Sportsbook Promos and Contests
FanDuel Sportsbook offers parlay insurance on specific bets. For example, if one selection in a UFC parlay with four or more legs lets you down, you will get a refund in site credit worth up to $250. Each leg must have odds of at least -200. FanDuel also has short-term welcome bonuses. For example, you can bet $5 at odds of +2500 on a touchdown being scored in an NFL game, which is essentially a “Bet $5, Win $125” bonus. There is also a $100 refer-a-friend offer.
FanDuel provides customers with daily odds boosts. An example is Thiago Santos winning by knockout against Johnny Walker, boosted from +105 to +130, or Steph Curry to score 40-plus points in a game, ramped up from +108 to +140. But again, boosted odds wagers are capped at a maximum of $50, limiting your profitability and making the boosts less appealing.
• One wallet DFS and sportsbook integration.
• One of the best moneyline holds in the industry (the percentage of money that sportsbooks keep for every dollar wagered).
• Futures holds are about average or slightly above.
• Same game parlay broadens the range of wagering options on big sports betting events but also offers no edge or odds boost and increases risk.
• Daily odds boost for the biggest sports but low maximum bets on boosts limits advantage.
• Parlay insurance: If you create a parlay with four or more legs in any sport and it loses by just one, you’re eligible to receive up to $25 back into your account.
• Free plays for existing members.
• Casino options.
FanDuel was also one of the first sportsbooks to launch in the regulated iGaming market in Ontario, Canada in April 2022. As an industry leader, you can expect FanDuel to be amongst the first sportsbooks launched as new states welcome legal sports betting.
Quality of Odds
FanDuel provides sports bettors with standard juice lines on sides and totals, including -110 / +110 or -105 / +115. The difference between DraftKings and FanDuel is like comparing Coke and Pepsi. They’re basically the same, but for whatever reason, people have a preference for one over the other. Neither are doing anything to stand apart from the pack, and their odds are rarely generous. When they do offer boosts, they lower limits, erasing any advantage of having boosted odds in the first place. The moneyline odds, props, and futures odds at the FanDuel website are in line with the leading online sportsbooks in the country. Sometimes it leads the market, but it is generally average in terms of the quality of its odds.
You will see a “Popular” menu that lists the main sports covered at FanDuel Sportsbook at the top left of the homepage. It changes throughout the year but generally includes all major sports like football, basketball, baseball, hockey, and soccer. You can also find Aussie Rules, boxing, cricket, cycling, darts, golf, handball, MMA, motorsports, rugby league, rugby union, snooker, soccer, table tennis, and tennis. European sister sites like Paddy Power and Betfair cover a much longer list of obscure sports, so FanDuel could easily expand its coverage if it wanted to.
Online and Mobile Sports Betting Experience
The sports betting experience is solid at FanDuel. It runs on the OpenSports engine, which Scientific Games recently sold to UFC owner Endeavor. The team at Flutter Entertainment has a lot of experience running leading sports betting sites such as Paddy Power, Betfair, and SkyBet, and it has done a great job on the FanDuel online sportsbook.
The coverage of each sport is far-reaching. For example, soccer fans can bet on games in the Cypriot second division, the Faroe Premier League, or the Kazakhstan league. There is lower-league action from the United States and lots of other countries. The basketball and hockey sections feature leagues from all over the world, and you can bet on the CFL alongside the NFL and college football. Each big game has more than a hundred betting options, with a same game parlay builder.
FanDuel Sportsbook runs one of the better mobile apps in the country. It has received over a quarter of a million user reviews at the Apple app store, and its average rating is 4.8 out of 5. That makes it one of the best-rated mobile apps in any industry, not just sports betting. SBR used the FanDuel mobile app on a variety of iPhones and Android devices, and it always performed well, with no issues around geolocation services or logging in. Props are easier to find on a desktop. You need to go into the game on mobile to find them. Both mobile and desktop would benefit greatly from a search option.
The live betting section at FanDuel is excellent. It covers more sporting events than DraftKings, and it is easy to browse. Lots of live betting markets are continually updated throughout a game, and you can stream various sporting events live on the FanDuel Sportsbook app or website. You can also cash out a bet early if your team is winning, but you think it might lose the lead in the remainder of the game.
Other Gaming Options
FanDuel was primarily known for daily fantasy sports, and you can still take part in DFS contests with one wallet integration between DFS and the sportsbook. FanDuel is part of the world’s largest online gambling company, so the team has a lot of experience running online casinos, racebooks, and so on.
It has launched an online casino in Michigan, New Jersey, Pennsylvania, and Michigan. Online casino games continue to be one of the most common sources of customer complaints, so play at your own risk. Bettors in some states can access the racebook, which allows you to bet on meetings across the United States and various other countries. It is a very comprehensive all-around wagering hub.
FanDuel has a decent reputation amongst sports fans, which is why Flutter Entertainment bought it. Despite their prominent stance in the industry, leading market share, and enormous corporate backing, they still find a need to limit bettors who are finding an edge. This needs to change amongst the giants in the industry. If you’re a casual sports bettor who likes the integration of DFS and sportsbook all in one, FanDuel is an acceptable option. But if you get hot, be prepared to play elsewhere.
FanDuel Company History
Entrepreneurs Nigel Eccles, Lesley Eccles, Tom Griffiths, Rob Jones, and Chris Stafford created FanDuel back in 2009. Sports betting was illegal in every state apart from Nevada back then, but FanDuel found a niche in running daily fantasy sports contests. In May 2018, Ireland-based bookmaker Paddy Power Betfair announced its intent to acquire FanDuel. It prepared to enter the sports betting market after the Professional and Amateur Sports Protection Act of 1992 (PASPA) was declared unconstitutional by the Supreme Court. After the merger was completed, Paddy Power opened its first FanDuel branded sportsbook at the Meadowlands Racetrack in New Jersey.
Paddy Power Betfair has since rebranded to Flutter Entertainment (NYSE: PDYPY), and it is the world’s largest online gambling company after buying The Stars Group. In December 2020, Flutter Entertainment increased its stake in FanDuel Group to 95% in a $4.1 billion cash-and-stock deal. It also owns FOX Bet, but FanDuel is its primary focus for the U.S. market. Boyd Gaming (NYSE: BYD) owns the other five percent.
FanDuel Group consists of a portfolio of leading brands including “America’s #1 Mobile Sportsbook app (DraftKings claims the same),” a daily fantasy sports platform, FanDuel Casino and Stardust, its casino brands, as well as TVG, the leading racing media, and wagering platform. FanDuel Group has a presence across all 50 states and 12 million customers. It’s an official sponsor of the NFL, WNBA, NBA, NHL, MLB, and PGA TOUR while operating 16 retail locations across the United States.
FanDuel Group has emerged as the top business in this market. Some estimate that FanDuel’s national online market share soared to around 50% in May 2021. Others also reported a 42% share of U.S. sports wagers in June 2021. DraftKings had a 23% share of the market at that time.
FanDuel’s valuation isn’t publicly known, but when Flutter increased its holdings in FanDuel in December 2020, it listed FanDuel’s enterprise value at approximately $11 billion. In a fiscal 2020 results announcement, FanDuel CEO Matt King said that the company’s revenue “grew by 81 percent to $896 million.” Some analysts estimate FanDuel’s current market value to be in the ballpark of around $30.6 billion.
Flutter Entertainment’s 2021 Q3 earnings reported a U.S. revenue of $386 million which represents an 85% year-over-year growth. FanDuel continued to lead in the U.S. with a 42% share of the online sports betting market and an 18% share of online gaming. During the earnings call, Flutter CEO Peter Jackson denied FanDuel’s reported interest in purchasing The Athletic.
In November 2021, the NBA announced multi-year expanded partnerships making DraftKings (NASDAQ: DKNG) and FanDuel Group co-official sports betting partners of the NBA. Expanding on its existing partnership dating back to 2014, FanDuel will become the exclusive presenting partner of the weekly NBABet Show each Monday night on NBA TV. As part of the new deal, fans will be able to choose to see FanDuel odds displayed on the Games page of NBA.com.
In November 2021, FanDuel was named Sports Betting Operator of the Year in North America at the international Gaming Intelligence Awards 2021.
In March 2022, Flutter announced in their annual report that FanDuel became the first large-scale online brand to generate a positive in-year contribution from sports betting and gaming in the US. FanDuel contributed $14 million to the bottom line for Flutter despite them spending more than $1 billion in promotional marketing.
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Deposits start at $10 and go up to $2,000, but high stakes players can contact customer service to discuss more significant limits.
Play+ and PayPal are the quickest options, whereas a check takes up to 10 business days to arrive.