How to Place a Bet at FanDuel
Every sports betting endeavor starts with picking your preferred bookmaker, and while this is the first step you must take before you join the exciting world of sports betting, it’s also the most important. Hence finding a reputable sportsbook that will consistently accept your bets, provide legal and regulated service, and offer an honest and trustworthy service is where you should start.
In the past, finding the right bookmaker was a much more tedious task, but with the boom of the sports betting industry and an increased offer of different bookmakers, there are far more options to choose from. And the technological advancements undoubtedly played their part in making bookmakers far more accessible to anyone wanting to place a wager.
Having to choose the right bookmaker might be a difficult task, but any sports bettor will tell you that you can’t go wrong with FanDuel. As one of the most known names in the betting industry, FanDuel is many bettors’ go-to sportsbook, and there are many reasons for that.
But to know why FanDuel is one of the most popular sportsbooks globally, you first must understand how to use the site, its features, and how to place a bet at FanDuel. Our guide answers all that questions and more!
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Before you can start betting with FanDuel, you need to create an account. The process of creating your FanDuel betting account shouldn’t take you longer than a few minutes, as long as you have a stable internet connection and all your personal information at hand.
To begin your registration process, visit the FanDuel site. Navigate to the “Join Now “ button, which will redirect you to a registration page.
On the registration page, you will be required to input your desired username, pick a secure password, and provide your email, full name, date of birth, address, social security number, and phone number. After you’re done with that step, all there is left to do is to complete the registration and verify your account via a link provided to your email address.
But before you can place your first bet on FanDuel, you first need to deposit funds into your account, which is an easy and fast process. FanDuel promises fast deposits via one of many of its methods, which include:
Online Bank Transfer
FanDuel Prepaid Card
Pick What You Want to Bet On
With a FanFuel account set up and funds ready, you’re all set to place your first bet on FanDuel sportsbook. You will be spoiled for choice when choosing what event to bet on, thanks to FanDuel’s large selection of leagues, tournaments, and various sports.
What’s more, FanDuel offers all bet types you would ever want, including ML, spread, proposition bets, totals, parlays, teasers, and more.
A money line is the simplest bet type, where you’re predicting the outcome of the game. The underdogs will always be priced with a plus sign (+), while the favorited team will always be priced with a minus sign (-).
The negative moneyline shows how much money a bettor must place to win $100, while the positive odds show much money a bettor can expect to get if he wagered $100.
For example, if you were betting on a match between Jacksonville Jaguars (+140) and Miami Dolphins (-166), you would have to bet $166 on Dolphins to win $100. On the other hand, you would win $140 if you were to bet $100 on Jaguars.
When you are betting against the spread, you are not necessarily betting on which team will win but instead on the margin of defeat/victory. So instead of asking “who will win”, the spread bet asks “how much a team will win or lose by”.
The points spread offered by FanDuel is indicated by the top number in the spread collum, where the minus sign (-) means that the team is favored to win by X points, while the plus sign (+) indicates which team is considered the underdog.
The same principle as above applies – the negative sign (-) shows how much money you need to bet to win $100, while the positive sign (+) indicates how much money you will win with a $100 wager.
For example, if you were to bet on Miami Dolphins with a -7 points spread, they would need to win by at least eight points to cover the bet. On the other hand, if you were to pick Jacksonville Jaguars with a +7 points spread, they mustn’t lose by more than six points or win the game.
Total (or Over/Under)
With a total (or Over/Under) bet, you’re predicting the total points scored in a game by both teams combined. As the name would suggest, betting on “over” means you’re predicting the game will end with more total points than the presented number, whereas a bet on “under” means you’re predicting the opposite.
In case the game ends with the teams combining for the indicated total, your bet is void, and your wager gets refunded back to you.
For example, if the points total for Jacksonville Jaguars vs. Miami Dolphins is 44, the teams’ combined score must be more than 44 for your bet on “over” to hit. Meanwhile, if you bet on under, the teams’ combined score mustn’t reach over 44.
The totals won’t be priced at an even split but at -110 for both sides of the bet. That is an industry standard for all sportsbooks and presents a bookmaker’s fee to accept your bet. So, in either case, you would need to bet $110 to profit $100 from your bet.
Props or proposition bets can sometimes also be called side bets, which is a perfect way to explain what this bet type is all about. With proposition bets, you’re not betting on the outcome of the match but instead on a specific event that is or won’t happen.
Proposition bets will often be presented as money lines and can cover a large range of in-game events, most commonly, individual player performances. You can access prop bets by clicking on any match on FanDuel.
As its name would suggest, an in-play bet allows you to bet on a match or event while it’s happening. Although only a few bettors resort to in-play bets, this could be an excellent bet type for those who understand the game and can find edges that online bookmakers are too slow to catch.
The odds on in-Play bets change depending on how the event is playing out. However, in its essence, the in-play bets are a collection of all simple bets, with few exceptions.
Other Bet Types
The above-mentioned bet types found on FanDuel fall under the category of “simple” bet types, and once you understand those, you’re ready to explore more complicated bets. Unlike straight bets, parlays and teasers combine multiple bets into a single one.
With them, you’re predicting more than one bet to hit, meaning that if one fails, your entire bet is lost. While Parlays and teasers introduce more variance, it gets compensated by a potentially higher payout.
A parlay bet is a bet that is dependent on the outcome of two or more wagers. You can create a parlay bet by picking two or more selections and combine them into one, where your bet will only hit if both selections are correct.
The parlay bet allows you to combine multiple bet types, including moneyline, spread, props, and more.
Similar to parlay bets, teasers combine two or more points spread bets into a single bet. In addition, teasers allow the bettor to adjust the spreads to their likings, having the ability to choose how much to adjust the spread. However, the adjustment is the same across all wagers in the teaser.
Since teasers allow you to adjust the bet to your liking, they tend to have lower payouts than if you were to place each wager separately.
After you’re done creating a FanDuel account, have added money to it, and learned about all the different bet types FanDuel has to offer, all there is left to do is to find a match you want to bet on. While the most important step when placing a bet on FanDuel, the bookmaker makes it as simple as possible, with its large selection of sports and leagues.
Whether you’re looking to bet on Premier League, LaLiga, NBA, NFL, MLB, golf, or any other sport/league, you can rest assured FanDuel has markets for it. Priding itself with one of the largest selection of betting markets, FanDuel covers any sport/league you would ever want, including horse racing, greyhound races, and more.
Finalize Your Bet
Depending on whether you’re betting on the FanDuel site or FanDuel mobile app, the process of placing a bet will differ, but only slightly. No matter which platform you’re using for placing a bet on FanDuel, finalizing your bet will require only a handful of clicks.
After you’ve picked the game you want to bet on and the preferred bet type, you have to decide the amount of money you want to wager. Again, that comes down to personal preference, your confidence that the bet will win, or the betting strategy you’re using.
Most bettors will keep with the betting plan and wager anywhere from 1%-5% of their total betting bankroll. FanDuel also helps you figure out what your payout will be by showing it under the “To Win” section, right of where you input the amount of money you want to wager.
After you’ve made your decision, all there is left to do is to click on “Place Bet” and wait for the game to play out. You can also follow the game on FanDuel, which provides live updates on the game straight from the site or mobile app.
FanDuel offers a wide variety of withdrawal methods for you to choose from; however, you should keep in mind that some states may limit which options are available to you. You can check out all withdrawal methods by navigating to the “Withdraw” page, where you’ll find:
PayPal – up to 48 hours
Prepaid Card – up to 48 hours
Check – 7-10 business days
Venmo – up to 48 hours
Online Banking – 3-5 business days
In-person – only in Arizona, Hawaii, Idaho, Louisiana, Montana, Nevada, and Washington
If you want to withdraw your funds from a FanDuel account with online banking, Venmo, prepaid card, or PayPal, you must first make a deposit using that method. If you have made a deposit using multiple methods, all the withdrawal methods will be available to you.
How to Place Bet at FanDuel – FAQ
How Old Must I be to Make a Deposit on FanDuel?
You must be at least 18 years of age (21+ in Arizona, Iowa, and Massachusetts, 19+ in Alabama) and be a resident of or physically located in Canada or the United States to make a deposit on FanDuel.
Is FanDuel Legal?
FanDuel sportsbook is a legal and licensed sports betting and DFS provider. Owned by Ireland-based sportsbook PaddyPower Betfair, FanDuel provides online sports betting services legally.
How Fast Are Withdrawals on FanDuel?
Depending on the method you use to withdraw your funds, a withdrawal on FanDuel might take anywhere from a few hours to 10 business days. You can also withdraw money in person, in which case withdrawals are instant.
Does FanDuel Have an App?
Yes. FanDuel has a mobile app for both Android and iOS devices, which you can download for free. Besides offering sports betting app, FanDuel also has a casino app.