Fanduel Review - Legal Fantasy Sports For Real Money
If you’ve never bet on fantasy sports before, FanDuel is a site you should definitely check out. It’s a safe and legal betting venue, and one of the overall biggest and best fantasy sports betting sites on the web. It is home to over a million players and pays out an average of $10 million every week. It is a huge empire, with offices in New York, Los Angeles, Orlando, Edinburgh, and Glasgow.
FanDuel is a daily fantasy sports betting site, unlike the traditional fantasy sports betting site, which is seasonal. With traditional fantasy sports, you pick your ideal team and watch how they do over the course of a season. You can’t change players, and you can only win once the season has ended. With daily fantasy sports, you can pick a new team every day and win as many contests as you have time to play, and you get your payouts the same day. Fantasy sports is also completely legal. The Unlawful Internet Gambling Enforcement Act (UIGEA) criminalized sports betting in 46 states, but the law makes an exception for fantasy sports because it is considered a game of skill rather than a game of chance.
This FanDuel review will help readers learn more about using this site, the different types of sports available for users, and the various types of contests and tournaments players can take part in. We’ll tell you how to sign up, how to make your first deposit, how to collect you winnings, and we’ll give you the lowdown on bonuses, special features and a lot more.
Is FanDuel legal?
Yes, FanDuel is as legal as it gets. The primary law that regulates online wagering is the Unlawful Internet Gambling Enforcement Act (UIGEA). The law doesn’t allow online sports betting venues to exist in 46 states, with a special exception for fantasy sports. This is because fantasy sports are considered games of skill instead of games of chance, and thus are legal.
FanDuel is a huge and hugely profitable site with over a million members. It was created in 2009 by five co-founders in a backyard in Austin, Texas, and has since won many online gaming and tech-industry awards. It now has 79 employees across both sides of the Atlantic and has raised over $88 million in financing from some top investors. FanDuel also has been featured in some very high-profile tech and financial magazines.
Who Can Play at FanDuel?
Most Americans of legal age are allowed to play online fantasy sports. There are some states that, because of legal grey areas, aren’t allowed to use sites like FanDuel. These states are Arizona, Louisiana, Washington, Iowa, and Montana. Individual states have gambling age laws, but fantasy sports are not considered gambling since they are games of skill instead of games of chance. In any case, FanDuel requires players to be at least 18 years old.
How to Sign Up At Fanduel
In order to sign up for FanDuel, you must at least 18 years old. Again, you are legally allowed to join unless you live in Arizona, Iowa, Louisiana, Montana, or Washington. Signing up is as easy as opening an account. All you have to do is click on the green tab that says “join now.” From there, just enter the information requested. Once you’ve done this, you have a working account. All you have to do now is just deposit some money and you’re ready to start picking your players and placing your bets. It’s easy!
Making a Deposit
Depositing money into your FanDuel account is really easy. You can use either credit card or Paypal. Credit card options include Visa, MasterCard, and Discover. In order to use Paypal, you must have a Paypal account. There is no deposit fee, although international exchange rates of 3% may apply. FanDuel will refund the 3% if you contact them via customer service. You can choose the free play option, but most players will want to make a deposit. Go to the drop down box that says “add funds.” You will be offered several bonus options depending on the amount you want to deposit. It’s all pretty self-explanatory.
Collecting Your Winnings
When you win on FanDuel, your winnings will be deposited into your account. You can withdraw funds from your account whenever you want. The two methods you can use are PayPal or check. PayPal requests will be processed within 48 hours or the following business day. Checks take about 7-10 business days. To withdraw, simply log into your account and click on the tab that says “withdraw,” located under your username. FanDuel may ask you for your social security number for end-of-the-year tax purposes depending on the amount of the withdrawal. Just follow the prompts and you’re on your way.
Deposit Bonuses + Rewards
Like any good sports betting website, FanDuel offers a plethora of great bonuses and promotions. For example, the welcome bonus is usually a cash amount for new players. It’s a one-time-only bonus that you receive after making your first deposit. One nice thing about first-time deposit bonuses is that they do not expire. There are other bonuses for customers who make frequent deposits. Also, be sure to check out FanDuel Freerolls. These are available every Saturday to all players who have made a deposit in the past 7 days. $1,000 in cash prizes will be awarded. There is no entry fee for this contest. Also, you will earn FanDuel points every time you enter a game, regardless of whether you win or lose. You can use these points instead of cash to enter any contest you want.
Different Fantasy Sports That You Can Play
There are many different options when it comes to fantasy sports betting sites. Some sites only offer one sport to bet on. For example, there are some sites that are specifically tailored to fantasy football or fantasy baseball. Some sites allow you to bet on a huge range of sports. FanDuel specifically allows users to play fantasy games involving on MLB, NBA, NFL, NHL, college football, and college basketball games. This is a good range of options that features many popular sports that Americans love to watch.
Daily Fantasy Contest Types
FanDuel features many of the most varied and exciting contests in the fantasy sports betting business. Many tournaments on FanDuel are labeled “Guaranteed” and marked with a blue G. This means that the tournament is guaranteed to pay out no matter how many people enter. The prize pool or number of participants will never be altered. Leagues are contests that require a specific number of players. 50/50 Leagues are players who finish in the top half of the contest and win prize money. Head-to-Heads are against only one opponent. And satellites let you gain entry into an even larger contest. Many of these contests have variations, like the Head-to-Head Matrix, and double/triple/quadruple ups.
Special Tournaments
FanDuel always has featured tournaments that you can enter into to win a major cash prize. These tournaments are updated every month or so. There are many tournaments to take part in, like the $125k MLB Monster or the $10,000,000 FFC fantasy football event. There’s also The Vegas Experience and the annual Fantasy Baseball World Championship, which pays out at least $1,000,000 to the first place winner, along with some really hefty prizes for 2nd and 3rd place finishes too. There will be many other winners in this tournament, totaling $4,000,000 in winnings. All you have to do is win any Qualifier tournament and you can enter.
Overall thoughts About FanDuel
Now you see why FanDuel is such a great site. Not only does it let you bet on all the most popular sports leagues, it is a fun, easy, safe, and legal fantasy sports betting site. You’ve seen how easy it is to join. You know about some of the fantastic contests and tournaments available to members. And you know about the different deposit and payout methods. Not to mention all of the valuable bonuses and promotions you’ll be able to participate in. There’s only one thing left to do. Sign up and get ready to experience the fun of fantasy sports betting. Now has never been a better time to join.