FanDuel’s Mad March Features

Sports fans aren’t the only ones excited for March Madness. Recently, FanDuel announced that it would release two new features just in time for the main event. Read on to learn about the latest FanDuel improvements, how to use them, and some of the company’s other projects.

Tournament Parlays

The first new addition is a tournament parlay feature. Unlike typical parlays, this one allows you to make predictions on events throughout the entire tournament. For example, you can bet which team will win a specific region. Some of the other possible markets related to this new parlay feature include:

• A team advancing to a particular round
• The overall champion
• Which team will cut the net

The parlays can include events throughout the tournament, so you don’t have to wait for each match. Players will be able to turn their personal tournament brackets into bets quickly. For example, you can bet that the Baylor Bears will reach the semifinals, but the Liberty Flames will win the championship.

Bet Back Token

The other new feature added to FanDuel is the Bet Back Token. If a player’s bet is not going as expected, they can apply the token for a refund. They will then receive the wagered amount as a bonus bet, so they can still bet on other matches or adjust their picks.

The token can be applied for several reasons, such as a player getting injured, the last leg of a parlay failing, or a team falling significantly behind. Players can use the feature anytime, right up until the end of the game. Combined with their “My Spend” tool, this can help players manage their budgets.

Madness in March

FanDuel has intentionally planned the release of these features to coincide with the start of March Madness. According to Karol Connors, Senior Vice President and General Manager of FanDuel Sportsbook, this will significantly help players. They will have more options when making their bets and greater flexibility with the new parlay system.

Meanwhile, the Bet Back Token can help newcomers but is also helpful to experienced players who need to adjust their plans. However, college basketball futures and bets with boosted odds are excluded from this feature. The American Gaming Association believes players will spend around $3.1 billion, so many operators prepare themselves with similar features and promotions for the tournament.

FanDuel’s Recent Projects

Recently, FanDuel has had significant success with its business. It recorded a revenue of $92.5 million in February, with the average monthly players increasing by 13% for the last fiscal year. The company is also testing a new “Your Way” parlay system and is planning a launch in Missouri.

Aside from improving its platform, FanDuel is also working on other projects. For example, they have recently announced the launch of a new TV series called The Comeback. It features NBA veteran Randy Livingston and responsible gambling ambassador Craig Livingston, who will interview people who have experienced addiction. It will also focus on other responsible gambling topics, like the available support systems.

Conclusion

Overall, it seems FanDuel is ready to meet the demands of March Madness. Its new features will improve player experience and allow a smoother betting process. The company is also working on several other projects, including a responsible gambling TV series.