Now that Boardroom has relayed the basics of sports betting on FanDuel, it’s time to enroll in the advanced class.
Beyond the general forms of betting, more complicated concepts exist — such as round-robin bets, teasers, and futures. These methods are for bettors who want to defy the odds for even bigger payouts.
We’ve already given you our basic rundown of what FanDuel Sportsbook has to offer as Boardroom and FanDuel kick off a multi-year, multi-pronged partnership. It was only right to introduce readers to the sportsbook — teaching new bettors how to properly read betting lines, as well as the five primary ways to place a bet. We also went over how to place bets into a parlay for a powerful odds boost.
That foundation, we hope, sparked a deeper curiosity for how to maximize your earnings when you bet on sports. Below is your advanced class.
Round-robin is a wagering strategy that allows a bettor to combine multiple parlays from a single bet. It’s a parlay that turned Super Saiyan.
Here’s an example. Let’s say you’re convinced that the Orlando Magic, Brooklyn Nets, and Charlotte Hornets will each win their respective games on the same night. A regular parlay would throw all three teams together and hope they all win. Here’s what a round-robin would do:
- First bet: Orlando Magic and Brooklyn Nets to win.
- Second bet: Orlando Magic and Charlotte Hornets to win.
- Third bet: Charlotte Hornets and Brooklyn Nets to win.
In other words, instead of needing all three teams to win, only one of the above outcomes must come through. This is advantageous because it grows your chances of winning a payout. Plus, the payout is maximized if all three legs of the round-robin bet hit.
FanDuel only requires a minimum of three teams to bet in a round-robin. Your bet total is split evenly between each leg of the parlay.
If you bet $15 in a round-robin on the Celtics, Nets, and Nuggets, FanDuel would split the wager evenly — with $5 on each team.
Teasers are for expert players that understand the foundations of betting. In this method, bettors can either add or subtract from the number of points in the line that’s set. However, keep in mind that a minimum of two separate bets must be made to use the teaser feature.
To place a teaser bet, pick two teams to win. From there, change your method of betting from standard to teasers.
A player could then subtract points from the line. It narrows the chances to win, but it also drastically increases the money that can be won with those odds.
An example: the Celtics are favored to beat the Lakers by -9.5 points. Over in the NFL, the Baltimore Ravens are favored to defeat the Pittsburgh Steelers by the same margin.
Users can either add or decrease the number of points of both spreads. Here’s how both of those hypothetical choices would play out:
- Decrease: You add – 5 points to your line. Now, both the Celtics and Ravens would need to win by even more points at a line of -14.5. If your teaser hits, your payout will be much higher.
- Increase: The increase does precisely the opposite. Maybe you’re confident that a team could keep the game close but not as close as the odds indicate. In this case, you’d add +3.5 points to your spread for safety. Now, both teams only have to win by six points for your bet to hit. You have a much better chance at winning, but the payouts are lower.
Future bets are pretty self-explanatory. Instead of placing a wager on a same-day event, brave users can take a shot at doing the impossible: predicting the future.
Anticipating a future outcome usually comes with a huge payout, but the inherent unpredictable nature of the future makes this feel like finding a needle in a haystack.
FanDuel does a great job of ensuring that future bets are readily available. Fans can already bet on who they believe will win Super Bowl LVII as well as the 2022 World Series — assuming MLB resolves its lockout and a season happens at all this year — and the Stanley Cup.
Futures aren’t limited to team wagers, either. Bettors can get a jumpstart and place a wager on individual awards, such as MVP.
Future odds are nearly always plus-odds, making for a significant payout.
FanDuel Makes It Easy
With your newly acquired advanced knowledge, it’s time to place your bets.
Again, you can refer back to our initial guide to learn where in the United States you can use FanDuel Sportsbook, as well as how to download the app on your iOS or Android device. New customers nearly always have a promo code during the initial sign-up period. Typically, new customers claim a risk-free first bet up to $1,000 after their first deposit on the site.
Boardroom does not predict the outcomes of sporting events for readers, so the information in this column shall not be considered betting advice. We provide the knowledge and tools a bettor needs to understand types of bets and odds to make wagers based on their judgment on the FanDuel Sportsbook platform. All bettors assume their own risk.