FanDuel Sportsbook is one of the most popular sportsbooks in the country, and for a good reason. FanDuel provides a wide range of sports betting options. From Australian Rules Football to Tennis, if you want to bet it, odds are FanDuel Sportsbook has it. Another reason they are a great sportsbook, their number of live betting options. You can access the FanDuel Sportsbook virtually any time of the day and see live odds continually changing.
This is one of the best features that separates FanDuel Sportsbook from the rest of the competition. Each day FanDuel offers players a chance to win a little extra money with their “Odds Boosts” bets. What are Odds Boosts? Odds Boosts are an added value to a bet or parlay. Examples of this could include “Yankees win, and Mets lose,” and the value could be boosted from +150 to plus +200. It could also be as simple as “Serena to win Wimbledon” boosted from +100 to +175. There is a max bet associated with most Odds Boost bets, but for the added value, it is certainly worth the limitations.
Explaining How Odds Work
For those who are new to sports betting, a sportsbook can look a little confusing at first, but it is straightforward to understand everything you are seeing. You may see a number attached to a certain bet, such as +150 or -110. These are the odds that payout for that particular bet. If you see a bet selection with +150, that means for every $100 you risk, you win $150 in return. So if you bet $300, you would win $450 on that bet. When you see a -150, that will work the opposite way. You would have to wager $150 to win $100. So if a bet has a line of -120, you would need to bet $120 to win $100. If you bet $100 on that -120, you would only win $83.33.
Don’t worry. The FanDuel Sportsbook does all the calculations for you; all you have to do is input your desired betting amount. The bet slip will show you how much you can win for the particular bet you have chosen.
Common Types of Bets
There are a lot of different betting options, but we are going to stick to the basics for now. The most common types of betting are “Money Line”, “Spread”(sometimes referred to the “Run Line” in baseball and the “Puck Line” in hockey), and “Total”.
“Money Line” betting is the simplest and most common form of betting. This means you are betting who will win the game or match. It is that simple. If you would want to bet on the Green Bay Packers to win against the Pittsburgh Steelers, no matter by how much, all you would do is place a Money Line bet. For favorites, the payouts are smaller on Money Line bets. For underdogs, the payouts are higher.
The “Spread” is the score set by the sportsbooks that your bet must either win by if they are the favorite or “cover” if they are the underdog. Covering means an underdog doesn’t lose by the amount of the spread or more. An example of this would be if the Packers were favored by seven points. You would see Green Bay-7 in the sportsbook, and in return, you would see Dallas+7. This means if you bet the spread, the Packers have to win by more than seven for that bet to win. If you take Dallas, they can lose by as many as six points or even win the game, and you win your bet. The Spread is how a sportsbook evens the playing field for underdogs.
The “Total” is another simple and common way of betting. This means you are betting the “Over” or “Under” on a specific game. In an NFL game, you could see a total of 40 points. If you bet the Under, you would need the combined score of the two teams playing in that game to be less than 40 points to win your bet. If you take the Over, any total in that game higher than 40 points will get you the win.
Sam Shefrin is the founder of Lineups.com, Inc. Before Lineups, he started Daily Fantasy Cafe, Inc. in 2014. Armed with a passion for sports and every Atlanta team, his journey continues with the goal of making Lineups a premier sports analytics destination. He has been quoted on Forbes.com for industry insight and his websites featured on NBATV, Yahoo! Sports, Fantasy Pros, Bleacher Report and SB Nation.