The idea is simple. You sign up for an account at
http://www.fanduel.com. During signup you can enter a promo code that gives you a deposit bonus of free money. Once signup is complete, you deposit money. Your deposit bonus is based on your total deposit amount, so the more you deposit, the higher the bonus. You select the type of contest you wish you to play in and draft your team. The majority of the fantasy contests last one day or one week. The FanDuel player in your contest with the most points at the end of the contest wins the prize money. FanDuel takes a 10% rake and the winner takes the rest of prize pool money.
Step 1 – Signup
Signup at FanDuel is super easy and I appreciate that they don't make you jump through hoops. The first signup screen simply asks for your name, email address, username, password and promo code field. FanDuel now offers a promo code that is highly competitive with other fantasy sites.
Step 2 – Deposit Funds
Depositing funds is quick and painless at FanDuel.com. You can make a deposit immediately on FanDuel.com using Visa credit card or you can make a deposit through PayPal and pay with your PayPal balance, Visa, Mastercard, American Express, Discover or eCheck.
Step 3 – Select Contest
Types of Contest
There are freerolls or “free" contests and real money contests. There are also tournaments, head to head contest, contests that end in one day and contests that end weekly. You can select from professional football and college football. You can enter contests for as much money as you wish and play with anywhere from 1 person to thousands of people. You can also play in games with varying salary caps (Beginner, Standard, Expert). Fanduel has a ton of contests going on at all times.
Step 4 – Draft Team
Once you select the contest you wish to play in, you then draft your team. Your salary cap depends on the level of contest you enter. For professional football, you select the following positions:
Quarterback – 1 position, Running Back – 2 positions, Wide Receiver – 3 positions, Tight End – 1 position, Kicker – 1 position, Team Defense – 1 position.
You can change the players in your team up until game time starts, so stay up to date on your injury news.
Before drafting your team, become familiar with the rules and scoring. Fanduel may use a different scoring system than you're used to. Take a look at our
How to Win at Daily Fantasy guide for helpful tips on drafting your team. Here are some important scoring rules for Fanduel to note:
- Negative points are not given to a quarterback for taking a sack.
- Receptions accumulate points at a rate of .5 pts per reception.
- No bonuses for 100+ yards rushing.
- No bonuses for 300+ yards throwing.
Step 5 – Winning
Payouts vary depending on the contest you select. For a salary cap, 10 person contest, the payout breakdown is as follows. If you score the most points in your contest, you win first place prize money. 2nd and 3rd place also receive a share of the winnings. In the $50 contest with 10 total entries that I review in the videos above, the prize money payout is as follows:
Total cash prize: $450
1st place – $225 or 50%
2nd place – $135 or 30%
3rd place – $90 or 20%
Check your contest payout schedule before playing. It can vary widely.
Step 6 – Withdrawal
Withdrawal on Fanduel is painless. It's a one screen process where you enter the amount you'd like to withdraw and your PayPal address. If you don't have a PayPal address, FanDuel will pay you via check and there is an additional step. You need to add the amount you'd like to withdraw to a ticket. However, FanDuel makes it easy. There is a link that automatically populates a ticket for you and all you have to do is enter the amount and the address where you'd like to receive your check.
Checks are mailed to people located in Canada and USA. If the amount is above $500 , FanDuel will request your SSN if you are located in the US. This is solely for tax purposes and Fanduel will issue a 1099 at the end of the year if winnings are in excess of $600.
FanDuel game interface supports virtually all machines including PC and Mac. There is a mobile application that is beta status. It seems to work pretty well at the time of this review. Overall, there are some nice aspects and a few elements that could be improved. The design, navigation and usability all rank well compared to the competition. Overall, the game interface and software functionality at FanDuel is solid.
The top navigation bar provides virtually of all the critical information you need to get started. The support page contains a FAQ, which is nice, but didn't answer the only question I had when I first started. I think a glossary would be helpful as I didn't know what a 50/50 game was. It means the top half of the entries are in the prize-pool and everyone wins the same amount. Overall, Fanduel does a nice job of helping you find the information you need easily.
Overall, the technology loads quickly and the usability features are easy to understand. I think the flow of information is intuitive and everything is pretty basic, which is the way game interfaces should be. You can easily sort the different columns of data and update the contests you'd like to see with easy to use checkbox filters.
The drafting screen is simple and maybe a bit too simple. It would be nice if FanDuel integrated data tools with updated stats and projections. Even something simple like Yahoo's data projections would be nice.
The technology is leagues ahead of some of the competition and on par with any other site online today.
In our FanDuel review last year, one of our biggest gripes was that the biggest daily fantasy football site didn't have a mobile app! The thought was absurd. Well, they've addressed these concerns and launched a mobile iphone app. As with all daily fantasy mobile apps, it's not available on android due to Google policies.
FanDuel does a nice job with the contest section. I like the fact that a history is kept of all your competitions and you can see up to date scoring of your players and others in your league. You also have easy access to player profiles and can see the other people's winnings for the year. I recently lost to a player who had won over $300,000 during their time on FanDuel. Maybe it's time to consider a new career?
Support is actually really great at FanDuel. This site differentiates itself from all other in the space when it comes to support. The Support tab is at the top of each page and features a page of FAQs. You can create a support ticket, call, email or live chat. Believe it or not, they actually are online with a live person.
Is FanDuel Legal?
Yes, Fanduel is legal due to the exception for Fantasy sports in the Unlawful Internet Gaming Enforcement Act. This law is basically one of the lamest things the US government has devised to try to prevent people from gambling online. However, in this law, it designates fantasy sports as a game of skill rather than a game of chance. In virtually every state, fantasy sports is also considered a game of skill, but as always there are few states that have questionable laws and Fanduel doesn't accept paid entry games from people in these states: Arizona, Iowa, Louisiana, Montana or Vermont.
The law further defines what makes fantasy legal.
The world of fantasy sports has been around for more than three decades, but the overall concept has found a new niche that has exploded in popularity. Daily fantasy sports, led by FanDuel, has created new markets that even professional leagues haven't been able to ignore, leading to partnerships with individual teams and even the National Basketball Association (NBA.)
Since first opening for business in 2009, FanDuel, legal in 45 states, has amassed more than 1.1 million customers. That's two percent of the overall fantasy sports base, indicating that the market's barely been tapped. The company's popularity has caught the attention of venture capital firms that have invested a total of $88 million into the company.
An NBA Partnership
The biggest catch so far has been the four-year agreement FanDuel signed with the NBA, just months after the first individual agreement with one of the league's teams, the Orlando Magic. That status, which includes the league purchasing equity in FanDuel, means it's the only daily fantasy site featured on NBA.com.
Individual NBA Team Deals
Seven different NBA franchises have signed individual agreements: the Brooklyn Nets, Chicago Bulls, Cleveland Cavaliers, Dallas Mavericks, Los Angeles Lakers, New York Knicks and the aforementioned Magic.
The deal with Orlando made FanDuel the Magic's third-largest marketing partner, where they prominently serve as the floor apron sponsor. The contract is for one year (per NBA rules), but Orlando has options for the next two seasons, which could make the deal worth $6 million.
With Chicago, FanDuel receives signage at the United Center, along with a connection to a specific team statistic during each game that is posted on all Bulls' social media sites. In addition, the company sponsors a sweepstakes on the team website awarding winners Bulls merchandise.
Dallas might be the least surprising addition to the FanDuel team base, given the reputation of team owner Mark Cuban of venturing into new territories. Media exposure for the company is the main benefit, with a GM Fantasy Sweepstakes also in the mix. There, the winning fan will go behind the scenes with team general manager Donnie Nelson.
The Brooklyn agreement makes FanDuel an official team sponsor, and as part of the agreement, the company will purchase tickets to be given to qualifying local community organizations. In exchange, they will receive prominent exposure through arena signage, as well as additional mentions on television and radio broadcasts.
While the Lakers are currently situated near the bottom of the NAB, they still reside in the Los Angeles market. That helps the official sponsorship that FanDuel has purchased reach more people in this vast market.
Cleveland's deal is the most recent, and follows in the footsteps of the other agreements, allowing for online mentions on the Cavaliers' website, as well as signage inside of Quicken Loans Arena. A social media component will offer a sweepstakes where fans can win merchandise.
Perhaps the quietest partnership is with the Knicks, with little in the way of information offered by either side. However, given the current state of the team, that may be best for both sides.
Football Dips a Toe in the Water
In the National Football League, the Washington Redskins are currently the lone team to have a partnership with FanDuel. Despite the different sport, the agreement afford the company signage at FedEx Field during Redskin games, and also prominent mentions on social and digital media.
More NFL teams will follow in the Redskins' footsteps, since Commissioner Roger Goodell is looking to more than double revenue in the next decade. One key component could be daily fantasy sports.
The Marketing Machine
What all of these deals do for FanDuel in 2015 is create greater awareness, which should inevitably lead to more players being added every day. As already noted, the total market of regular fantasy players hasn't been reached, with other previously neglected segments also ripe for picking.
A Key Demographic
Chief among them is the female demographic, which FanDuel is avidly going after, since many women could be more willing to invest brief periods of time with it in lieu of a season-long commitment.
Another year of rapid success could lay the groundwork for FanDuel to go public in 2016. Success like that hasn't gone unnoticed by the market, which continues to expand, making this a business that won't fade any time soon.
King of the Ice
FanDuel, the leader in daily fantasy sports, has created a competition where avid hockey fans can win huge cash prizes called the King of the Ice. Starting April 2nd, contestants will play to be crowned the King of this $250,000 tournament.
There are two ways to become one of the 1,388 contestants in this daily fantasy hockey tournament. First, you can simply directly buy-in for $200 on April 2nd until the event is filled. Or you can qualify through the satellite games that are available a few times a week. The winner of these satellite games will each win a spot in the big tournament. These are five separate satellites which you can enter: $2, $5, $10, $25, and $100.
The scorinb of the games is determined by the standard FanDuel NHL scoring system. In the event of a tie, the competing players will split the cash value of the finishing position.
FanDuel Survive the Madness
The NCAA March Madness is just around the corner, which means it's that time of the year when avid fans can play along with their favorite teams while winning themselves some big cash prizes. At FanDuel, college basketball fans can enter their own tournament of Madness in the Survive the Madness contest.
Entry is fairly straightforward. All you have to do is be one of the 2,870 contestants - 18 and over - to sign up on FanDuel's website and build your own team of college basketball's top players. There are three satellites available many days of the week with their own qualifying payments: the $2 satellite, the $5 satellite and the $10 satellite. Or you can do a direct buy-in of $100 on Thursday, March 19.
The first round begins on March 19 and consists of 2,870 players. The 1,200 players with the top scores will move along to the second round on March 20. The third round, which starts the next day, will bring in the top 550 finishers of the second round. On March 22, 200 finishers will move to the fourth round. Then, the 64 finishers from that round will move on to the penultimate round that runs from Thursday, March 26 to Friday, March 27. The top fifty percent of players in the fifth round will move on to the final contest that runs through the next two days.