How Does Fanduel Work? A Complete Guide
Online betting is pretty popular in the United States, and for good reason! People are taking home some huge bets. In fact, one notable sports bet was for a whopping $966,260!
If you’re trying to make this kind of money and become the owner of millions of dollars, you might want to consider sports betting. And, more specifically, you might want to consider using Fanduel for betting.
But, how does Fanduel work? Keep reading and let’s check out everything you need to know to make the most of this sportsbook!
How Does Fanduel Work?
Fanduel is an online sports betting platform. The platform allows you to bet on tons of different US sports, including:
- College Sports
- College Sports
Those are just a few of the many options out there that you can try betting on!
In addition to the general sportsbook, there are two other sections on the site. These include the fantasy sports betting section and the online casino.
But wait! How does the Fanduel sportsbook work in terms of the casino and fantasy sports? In fact, they all work the same way. You simply place your bets on whichever game or tournament you think is a winner and then collect your payout once you hit the withdrawal minimums.
Making Withdrawals on Fanduel
One of the best things about Fanduel is that they make it super easy to get your cash. Regardless of how you usually take online payments, you’re able to do it.
Fanduel accepts credit and debit cards, PayPal, check, Venmo, and prepaid debit card. You can use those same methods to make deposits into your account when you’re ready to start playing again.
Fanduel Explained: How to Place Your Bets
When we talk about Fanduel and how it works, we have to talk about how to place the bets. After all, it’s not much good knowing what the site does if you don’t know how to use it!
Luckily, the platform makes it super easy to place bets and take home winnings. Let’s take a look at how it works.
Step One: Choose a Sport
Among the sports that are included in FANDUEL are the NBA, MLB, PGA, NFL, NHL, Fanduel MMA, and Fanduel UFC. You can also find different leagues that compete abroad.
Aside from the major sports, you can also place bets on fantasy sports. Just keep in mind that the fantasy sports are on a separate section of the site, although the betting works the same.
Step Two: Select Your Bet
FANDUEL has different types of bets that you can make. For example, you can make the usual Moneyline bets. Or, if you’d prefer, you can opt for parlays, teasers, and more.
Regardless of which type of bet you select, you’ll then get to choose how much you want to place. You can use your balance on the site to place the bet.
Step Three: Wait to Win
With your bets set, you’re ready to move on to the easiest part of the process – waiting. At this stage, all you have to do is wait and watch for your profits to start rolling in!
Once you do win, you’ll be able to withdraw your cash to your account.
What Types of Bets Can You Make on Fanduel?
Whether you’re placing bets on UFC on Fanduel or you’re checking out other sports games, it pays to know what types of bets you can make. Luckily, Fanduel allows for pretty much any kind of bet you can think of!
A few of the bets you can make on the Fanduel platform include:
- Money Line Bets: bets on who the winner of the fight or game will be
- Point Spread: bets on how many points a team will win by
- Over/Under: bets on the combined total number of points from both sides of the competition at the end of the game
- Parlay Bets: placing multiple bets at a time, all of which have to be won in order to get your payout
- Teasers: placing multiple point spread bets at a time, all of which you have to win to get your payout
- Prop Bets: bets on player performance or other feats not related to the final score
- Middle Bets: bets placed on both teams so that you are guaranteed a win no matter what happens
- Futures Bets: bets on a future outcome of the sport (for example, who will win a championship)
You can get really creative with your bets on Fanduel. There are plenty of opportunities for you to earn money, no matter what types of bets you generally enjoy placing.
Tips for Betting on Fanduel
If you want to try your luck at placing bets on MMA odds, it pays to have a few tricks up your sleeve. Here are a couple of quick tips for betting on the Fanduel sportsbook.
Study the Odds
For one thing, it’s a good idea to study the odds. Make sure that you do your research on what fighters and players seem to be winning and look into how you can use that to your advantage.
Place Multiple Bets
Another pro tip is to not place all your eggs in one basket! Try making a couple of different bets at a time.
By placing a few different bets, you’re more likely to come out with a winner. That way, you can help offset any losses from other bets.
Place Your Bets and Become a Winner
So, now that you know the answer to “how does Fanduel work” you’re ready to start playing! As you can see, betting on UFC and MMA fights with Fanduel is pretty easy!
And, if you’re wanting to hone in on your MMA and UFC betting skills even more? MadLab can help. Join our community to get access to our podcast and betting resources today!