Shortly after DraftKings debuted its sportsbook in August, rival FanDuel didn’t wait long to launch one of their own.
When the FanDuel Online Sportsbook debuted, it didn’t take long to become one of the best sports betting apps in New Jersey. Keep reading to find out why people love the FanDuel Sportsbook just as much as they adore the fantasy sports app.
FanDuel Sportsbook 2020 Offer
Sign up for FanDuel Sportsbook and receive a $1,000 risk free bet. That means you’ll get up to a $1,000 refund if you lose your first real money sports wager.
That’s a win-win. Just click on this FanDuel Sportsbook link to get started.
FanDuel Promo Codes – September 2020
FanDuel Sportsbook arrived on the NJ online sports betting scene a couple months after opening its retail book at Meadowlands Racetrack. Now, it is one of the top sportsbook apps in New Jersey. Featuring in-play betting and the cash-out option, its software is streamlined and easy-to-use. New players get a risk-free bet match of up to $1,000.
Creating your FanDuel Sportsbook account
The mobile app is available for iOS and Android operating systems. The app is free to download on mobile devices via the iTunes Store or Google Play.
Laptop/desktop users can sign up via the website.
Click the “Join” button located at the top of the page (highlighted in blue) where you will be directed to enter your existing FanDuel username/email address and password, or create a new account by providing a username, email address, password, residence, date of birth, security questions and answers.
The system will perform a geolocation check required by New Jersey law for online wagering. You must be in New Jersey to bet but you can create an account from anywhere.
Sports at FanDuel Sportsbook NJ
Name a sport, and you will likely find a variety of betting options on the board. The sports selection includes:
- Auto racing
- Canadian Football League
- College basketball
- College football
- Golf, including the PGA Tour and other golf tournaments
- Soccer, including English Premier League
Types of sports betting wagers on FanDuel
If you look at the board of NFL games, each team has a three-digit number with a plus (underdog) or minus (favorite) sign listed under the money column. For example, the home team Dallas Cowboys are -154, which means you would need to bet $154 to win $100. A bettor who takes the New York Giants at +138 would earn $138 on the same $100 wager.
The big decision here is determining if the favorite will cover the spread or will the underdog win with the points (Yes, there are many times in which the underdog flat out wins.). Some games may be listed as a pick in which points are a nonfactor. Other times, high numbers are in play such as the New Orleans Saints being a 10-point favorite at home over the Cleveland Browns. The lines will change based on which side the money is being played.
A parlay is a type of bet in which you combine multiple individual bets into one. Combining the bets decrease your odds, but increase the reward. In order for you to cash out on a parlay bet, you must win EVERY bet on the card. If you play a three-team parlay, but only two of the teams win, you lose the bet. A winning ticket, on the other hand, results in a higher payoff versus that of the three individual bets.
While Super Bowl Sunday may be a busy day for prop bets, wagers can be made in any sport. MLB games, for instance, have props on the first five innings, inning props and game props.
If you’re looking to wager months in advance on the Super Bowl, World Series, Stanley Cup or NBA Finals months all fall under future bets. Futures have been a popular choice among those placing the ceremonial first bet at retail sportsbooks.
This single bet is a combination of at least three-point spread wagers into a single bet in which you can adjust the spreads favorably (the odds shift the same with each wager). Your advantage will result in a lower payout compared to betting the games individually with the points.
The in-game betting options can be found under live bets and the page features each sport, with a number highlighted in red, to let you know the current number of possible wagers.
This type of bet is a series of parlays. FanDuel uses the example of a three-team round-robin that would consist of four total bets — three two-team parlays combined with one three-team parlay.
Bettors have the option of cashing out early on a bet using the FanDuel cashout option.
Using the FanDuel sports betting app
Once logged in, you will see a complete rundown of the day’s action, along with a user-friendly rotating carousel toward the top of the page (Customized options will appear after your first bet is placed.).
Unlike DraftKings — where bettors need to log in to view the board — the FanDuel Sportsbook homepage features a complete and easy-to-scroll-through rundown of the NFL and MLB action.
The basics — spread, moneyline and total — can be viewed on the main page while additional options can be found by clicking on more wagers. Once the games start, the live scores will appear within the game box.
The app works much quicker with a strong Wi-Fi signal. It will perform a location verification when you first log in (making sure you are in New Jersey) or if you exit the app for an extended period.
Placing bets via other devices
The desktop/laptop/tablet software is built with the recognizable blue-white-and-gray color scheme that is well known to existing FanDuel DFS customers. Like the app, everything is easily accessible from the home screen via popular, live and upcoming options toward the top of the browser menu.
The “A-Z Sports” menu on the left-hand side of the homepage is where you can find auto racing, MMA, soccer and other action. Like the app, the betting carousel is ideally placed at the top of the page.
You will also notice the bet-slip image on the right-hand side of the page. After typing in a wager amount, and before the bet is submitted, you will see the payoff appear in the “To Win” box.
Depositing at FanDuel
FanDuel offers several options for funding your account:
- ACH (e-check)
- FanDuel prepaid card
- Online bank transfer
- PayNearMe (available at 7-Eleven)
- Cash at Meadowlands casino cage
The deposit menu is located on the top right-hand corner and shows the available funds. Once you select a payment method, you can click on $50, $100, $500 or other amounts. FanDuel currently requires a minimum deposit of $10 (slightly higher than the $5 by DraftKings).
Through the app, you can set a daily, weekly or monthly deposit limit. Any increase or removal of set limits will be subject to a cooling-off period (at least 24 hours or until previously set time has ended — whichever is greater).
Withdrawals at FanDuel
FanDuel currently offers four withdrawal options:
- FanDuel prepaid card
Processing of ACH/e-check requests takes 24 hours to be approved and can take three-to-five business days for funds to be deposited into a registered account.
Check requests can take five-to-seven business days to process.
You also can request funds be placed on a prepaid card and have them deposited back into an account. It can take 24 to 36 hours before the money is available on a card.
PayPal requests take 24 to 48 hours to be completed.
FanDuel Sportsbook and DFS link
Users of both platforms have the option of clicking over to the DFS site from the sportsbook site via the “Fantasy” link located at the top of the page, The DFS site, at least for now, does not link to the sportsbook.”
It also means if you enjoy using both apps/websites, you will need to deposit funds into separate wallets as the money is nontransferable.
NJ sports betting rules
FanDuel will have different rules to follow when they go live in West Virginia, New York and other states. For now, New Jersey is the primary focus.
Location: Bets are only being accepted in New Jersey, which means if you’re a New Jersey resident but are vacationing out of state, your wager will not be accepted. This rule could change as other states approve sports betting legislation.
Age: Like at the nine Atlantic City casinos, you must be at least 21 years old to gamble online.
Prohibited wagering: There is no betting allowed on high school sporting events. New Jersey sports betting regulations also prohibit wagering on collegiate athletic events that take place in the Garden State. Betting on Rutgers, Seton Hall, Princeton along with other New Jersey-based college/universities is not allowed; it doesn’t matter where the game is taking place.
FanDuel Sportsbook is just getting started
FanDuel launching its in-person/mobile/online sports betting products in New Jersey serves as the foundation to a much bigger business plan. FanDuel is prepared to become a significant player via partnerships with Boyd Gaming — a company that operates in 15 states — the Greenbrier Casino Club, in West Virginia, as well as Tioga Downs.
DFS rival DraftKings may have been the first company out of the New Jersey mobile sports betting gates, but FanDuel has the upper hand with its retail operation just outside of New York City, paired with its mobile/online product. DraftKings gets the edge with the convenience of the shared wallet option.
The field of players in the NJ mobile sports betting game now includes established heavyweights like William Hill, Bet 888, Caesars and playMGM, with many more to follow as we get further into football season.
The FanDuel/PPB pairing includes a combined pool of several million registered users from their respective DFS and sportsbook products.
Having a retail operation just outside of New York versus Atlantic City, which produced an industry-leading $1,357,477 in gross gaming revenue for July, according to figures released by the NJ Division of Gaming Enforcement.
Location combined with brand recognition and a full month of football betting is more than enough to make FanDuel one of the leaders of the New Jersey sports betting game.
FanDuel is a household name with sports fans thanks to its more established daily fantasy sports (DFS) product.
The company was founded in 2009 and now has grown to more than 1 million registered users. According to its website, the five co-founders started the company via a “backyard Texas brainstorm.”
Like its equally well-known competitor DraftKings — the first company to launch an online sports-betting product in New Jersey — FanDuel wasted little time joining the competitive and expanding sports betting market.
FanDuel got in the game by opening its retail sportsbook at the Meadowlands Racetrack in East Rutherford, N.J., on July 14. The online/mobile platform launched Sept. 1.
The FanDuel-Betfair connection
The booming New Jersey retail and online sports betting scene resemble a 1,000-piece puzzle in which different companies from across the sea are connecting on both the business and technology sides of the operation.
FanDuel launched its New Jersey sports betting operation via its partnership with the Meadowlands. The two companies also have separate agreements in place with the well-established Paddy Power Betfair (PPB) out of London.
In June, Betfair US announced a long-term agreement to provide “a full suite of cutting-edge sports betting products” at Meadowlands and at Tioga Downs, N.Y. (The latter remains a work in progress.)
According to the press release, across its four major brands, PPB had more than 5 million active customers and processed more than $15 billion in sports wagers in 2017.
In July, PPB and FanDuel announced the completion of the merger that combines PPB’s US businesses with FanDuel “creating the largest online sports destination in the United States.”
International Game Technology (IGT), also based out of London, provides technical support via its PlayShot sports betting platform.