Fanduel Review: How Does It Work? [2020]

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If you have ever heard of Fantasy Golf then you may have you heard of FanDuel and been wondering how does FanDuel work?

If so, then there is no need to worry as you’re in the right place! Fantasy sports have exploded in popularity in recent years which has seen a rise in platforms to play online. These can range from free to pay to play contests with some platforms easier to use than others.

In our FanDuel Review we will guide you through everything that you need to know about this platform, how it works and what the pros and cons are so that you can decide if it makes the list of best fantasy golf sites for you.

Quick Summary

image courtesy of fanduel.com

FanDuel is a great choice for sports fans looking to play in a range of daily fantasy contests on one of the most popular platforms. The site is both easy to use and beginner friendly while being so popular that they have a range of contests across multiple sports.



Pros

Beginner Friendly: When you sign up daily fantasy sports you will notice that there are a wide range of contests that you can play that are beginner friendly, which is obviously great starting out.
Ease of use:
We love the branding of the site. It makes it easy to use and find your way around the platform which is another pro for using FanDuel over other options.
Prizes:
By entering contests you give yourself the opportunity to win prizes based on your sporting knowledge!
Free Play:
If you are unsure about entering a money game at the beginning then you may prefer to enter a free game instead.
App:
Looking to play on the go? No problem! The site comes with a downloadable app which makes it a really versatile option.

Cons

Restrictions: There are state restrictions in the following states currently: Arizona, Alabama, Hawaii, Idaho, Iowa, Louisiana, Montana, Nevada and Washington state.
Size: Despite being one of the biggest fantasy sports sites out there, you may find a wider range of sports available on DraftKings. (You can compare FanDuel vs DraftKings here) However, you will find all of the major sports here.

How Does FanDuel Work?

FanDuel works by providing a daily fantasy sports platform with a range of game types for players with a guaranteed prize pool for the winners. Players choose a roster using a total salary from a range of players with differing individual salaries according to their respective abilities.

Company Overview

FanDuel Group is a New York City based bookmaker and daily fantasy sports provider. Originally founded in 2009.Wikipedia

Since starting out, they have grown into one of the largest platforms to play fantasy sports out there, along with DraftKings.

They have a wide range of fantasy sports contests to play across a range of sports including NFL, NBA, Soccer, Fantasy Golf and many more. This makes it a flexible fantasy sports provider as many sports fans are interested in playing fantasy sports on more than one sport.

In essence it works by offering a range of fantasy sports contests where you select rosters depending on the sport/event and compete to win cash prizes. In the next part of this guide we will cover how this looks with a step by step example of a fantasy sport game on FanDuel so that you can see exactly how to get started with your first one.

For each game you will have a salary cap for your roster. With this salary cap you will choose a range of players that complete up your roster while staying within your limits. However, each player is designated a value based on their value/ expected performance in that game. For example in fantasy golf the highest value will go to players who are the top rated golfers in the world. Finally, the most crucial element is to stick to your salary cap.

Now you know the theory behind how FanDuel works it’s time to show you how this looks in a step by step example.

Now that you know about the background of this fantasy sports platform i’ll cover some of the ways that you can get started so that you can start winning as soon as possible.

How to play Fantasy Sports

Below we will highlight exactly how you can set yourself up for fantasy sports success.

Step 1: Get Started With FanDuel

Image courtesy of fanduel.com

Here’s how to get started with FanDuel:

Sign up for FanDuel: Enter your personal information and proof of identity.

Submit Deposit: Once you deposit your first $20 you should be eligible for a $20 bonus, which is an awesome way to get started!

Download: Don’t forget to download the app so that you can play on the go.

Something that we love is the ease of use of the platform so signing up for your account should be relatively straight forward.

Step 2: Join A Contest

Image courtesy of fanduel.com

Now that you have signed up it is time to play a game of your choice. The best way to do this starting out is to choose either free or low entry fee competitions as this will help you to get a feel for how fantasy sports works without risking much money.

Some of the key selection criteria when choosing a specific contest to join ranges from the type of game (which will be covered later), when the contest is, how many people are in the contest and entry fee/ winner’s payout.

Step 3: Research Your Roster

Now that you have got your contest sorted you want to ensure you give yourself the best chance possible of winning right?

Well this means that you need to select the players that can give you the best chance of winning while staying within your salary cap. For example as part of the research phase for fantasy golf you will want to be sure that your fantasy golf strategy is a winning one.

When researching your roster there are a range of criteria that you may consider, ranging from player cost, player form and the players historical performance at that event.

Step 4: Select Roster

Now that you know which players are going to make the roster for your fantasy sports contest on FanDuel you will simply go in and select them to your roster and submit them.

Step 5: Watch & Hopefully Win!

The final step is to watch the event for which your contest is eligible for, track your progress and hopefully win some prizes from the total guaranteed prize pools!

Contests

As stated above there are a range of contest types of which we’ll cover below:

Recommended – These are contests that are tailored to a players own specific preferences.

Experienced players excluded – These content types are only for those players starting out on the platform which is great if you don’t want to come up against experienced players.

Biggest prizes – If you do want to try contests against more experienced players then this is where you will find them. Biggest risk equals the biggest rewards.

Spotlight – These are promotional contests.

Single game – This is a great testing ground after signing up. It gives you an opportunity to check out the platform and see really get a feel for it.

Single entry – This means that you will only be able to submit one entry. An ideal option for picking only your best roster of players.

Frequently Asked Questions

Next we will answer some of the most common questions that we see on a regular basis about Fanduel.

What Are Points?

Fanduel Points are a loyalty system that is in place on Fanduel whereby you accumulate points for playing which will then give you bonuses.

How Many Points Is $1?

To get $1 worth of FanDuel points you will need 2,400 points. 2,400 points will allow you to take part in the cheapest paid contests on FanDuel.

Where Are They Located?

FanDuel headquarters are located in New York

When Do They Payout?

Fanduel players can either request payout by Paypal or by check. This can take up to 2 working days for PayPal or 10 for check.

Where Is It Illegal?

FanDuel is legal in most states currently. However some states have sports betting restrictions on using FanDuel currently and these are Arizona, Alabama, Hawaii, Idaho, Iowa, Louisiana, Montana, Nevada and Washington state. It is worth checking this regularly as it can change as state regulations change (this is the case for both the FanDuel sportsbook and FanDuel and DraftKings).

How Does FanDuel Tax Work?

If you win over $600 from FanDuel over a year then there is a chance that you will be required to pay taxes on your winnings. If this is the case you should receive a 1099 Tax Form from FanDuel by mail to submit to the IRS.

How Do They Make Money?

Fanduel charges a fee on the winnings that they pay out in their guaranteed prize pools for their contests. For example for every $1000 in entry fees, they will take a percentage of that with most of it going towards the contest prize pool.

Review Summary

In Summary: FanDuel is a great way for beginners to start out playing Fantasy Golf and daily fantasy sports with their easy to use and easy to understand interface.

If you are looking to start playing daily fantasy sports or looking for another fantasy sports options then we will believe this may be a great fit.

It is super easy to get started with FanDuel and with their wide range of beginner options it won’t take you long to get to grips with the platform and enter a wide range of contest types that they offer.

Add to this the fact that you may be eligible for a deposit bonus, it makes playing daily fantasy sports with FanDuel a great sports betting option.

To conclude our FanDuel review, we rate it as one of the very best fantasy sports sites and now that we’ve answered how does FanDuel work you are in a great position to play and get started!