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Fanduel currently does not have MMA betting. To make real money bets on MMA you will have to choose Draftkings if from the USA.
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Everyone is familiar with fantasy sports. We’ve all either filled out a March Madness bracket for the office pool, joined a Fantasy Football league with our friends, or tried to hit it big on ESPN’s Streak for the Cash. Now, though, a new form of fantasy sports betting is growing in popularity. At fantasy betting sites like FanDuel, you can enjoy the fun, excitement, and strategy of traditional fantasy sports while getting the same profit potential as you would betting on sports online. We expect to see Fanduel with UFC bets allowed by the end of 2015.
What is FanDuel?
FanDuel.com is the industry leader in a new type of sports wagering: short-term fantasy sports games with real money prizes. Unlike traditional fantasy sports leagues, which usually cover the duration of a whole season or more, FanDuel offers single-day fantasy leagues in a huge variety of sports. You pick your game, pick a team, and hopefully win some money. It doesn’t require a huge time commitment, so you can play when you want with no worries.
How Does it Work?
FanDuel is set up using a “salary cap” system. Every player, fighter, etc. is assigned a salary amount. When you enter a game, you have a set salary cap, usually $50,000. The goal of the game is to draft the best team possible without going over that salary cap. Generally, heavy favorites or superstar players are going to have a much higher salary number, so the key to success is supplementing those players with good performers at lower salaries.
During an event or a day of games, live scoring is available on the FanDuel site. The games are scored similarly to traditional fantasy sports, with points assigned for various feats depending on the type of sport. At the end of the day, the player with the highest score is the winner. It’s just like that fantasy football league you play in with your friends except it only lasts one day and you can get rich playing it.
Can I Make Money Betting UFC at Fanduel?
YES! Fantasy sports wagering is the future of online betting in the United States, especially considering the government’s current stance on online sportsbooks. FanDuel represents by far the best way to make money legally wagering on sports. Every week, they pay out more than $10 Million in cash prizes.
The best way to think of a FanDuel lobby, in gambling terms, is like a Sit and Go in poker. You are competing against dozens of other players in one large pool. The winner obviously takes the lion’s share of the profits, but the games also pay out to other top finishers. You don’t have to beat everyone every time to keep making money. As long as you perform consistently well, you will see a significant return on your investment in the long run.
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What Sports Can I Bet?
Right now, FanDuel does not offer UFC or MMA betting. This is still a growing sector of the gambling industry, and as both FanDuel and UFC grow in popularity, expect to see this option coming very soon. Right now, though, bettors can still have fun and make money wagering on almost all of the major team sports, including:
- NFL
- NBA
- MLB
- NHL
- NCAA Basketball
- NCAA Football
- NOTE: NO MMA OR UFC
Bonuses
FanDuel offers a variety of bonuses when you make a new account. First-time depositors get a percentage of their initial deposit. This ranges anywhere from $3 on a $10 deposit to $150 in bonus credit on a $200 deposit. This provides a great value to new players trying to get a feel for fantasy wagering.
Best of all, FanDuel offers a 100% money back guarantee on the initial deposit, up to $100. If you make a deposit, lose your first game, and decide that FanDuel isn’t for you, you can contact them for a full refund!
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A controversial Indiana University football win may have resulted in a loss for some bettors in Indiana, but not for long. Because the game’s deciding play was so close, certain Indiana sportsbook apps opted to refund some wagers for the Penn State-Indiana matchup.
Whether an outstretched ball in the hands of Hoosiers quarterback Michael Penix Jr. actually broke the plane of the end zone before hitting the ground is up for debate. It is hard to tell even with slow-motion replays.
For the operators, refunding the bets may prove worth the cost in this situation.
Why was the Indiana football win so controversial?
Penix has a reputation for being one of the most dynamic players on IU’s offense. He certainly added to that with a two-point conversion run to give the Hoosiers an overtime 35-34 win over the Penn State Nittany Lions last Saturday.
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Penn State came into the game ranked No. 8 in the Associated Press poll. The Nittany Lions were heavy favorites, but things started to go awry when the team failed to convert what should have been a chip-shot field goal at the end of the first half.
Penix made it difficult on the sideline judge as well with his game-winning run. See if you can tell whether the ball breaks the plane before he hits the ground.
Because Penn State had already possessed the ball in the overtime session, the game ended at that point. Officials did review the play, and could not see sufficient evidence to overturn the call on the field, so it stood.
In response, sportsbooks across the country refunded some wagers.
DraftKings, for example, refunded all pre-game bets on the Penn State moneyline. DraftKings bettors who used the moneyline on the Nittany Lions in parlays, or placed bets on the moneyline after the game started, however, took the loss.
FanDuel did the same thing, giving pre-game moneyline bettors their money back. While the sportsbooks would have been within their rights to keep the money, the move equates to an effort to maintain good customer relations.
Why it makes “cents” for the sportsbooks to give refunds
Outside of just potentially saving their customer service personnel some headaches in not having to deal with disgruntled bettors, this move is about maintaining market share. Customer loyalty is a key component.
A bad experience could push bettors to competitors, even if the sportsbook really wasn’t in the wrong. It’s not clear how much action any of these books took on the Penn State moneyline pre-game, but it likely wasn’t a huge number if they decided to refund bets so easily and quickly.
The truth is that DraftKings and FanDuel operate at a loss anyway. This comes from spending more than they bring in on offering competitive odds and promos. The end goal is the same: to become the dominant operator in the markets.
Instances like this are rare, so keeping customers coming back is worth this expense. All Indiana sportsbooks would still prefer it if, in the future, Penix would score game-winning touchdowns in a more decisive manner, however.