How to Bet Responsibly at FanDuel

Sol Fayerman-Hansen
Sol Fayerman-Hansen
Fact checked by:
Paruyr Shahbazyan
Last Updated: Mar 5, 2024, 8:08 PM

All About FanDuel

FanDuel is among the most popular legal sports betting platforms operating in the United States and Canada. Today, FanDuel is available across 20 different states in the US and in Ontario, Canada and continues to scale its reach as more jurisdictions in North America approve online sports gambling. 

FanDuel has become a major partner with various leagues, professional sports teams and athletes, and its user base is the largest in the U.S.

Step 1: Sign Up at FanDuel

Signing up for a FanDuel Sportsbook account is a straightforward process, and you can complete it in a few simple steps:

  1. Visit the FanDuel Sportsbook Website or Betting App: Start by visiting the FanDuel Sportsbook website or download their app from the iOS or Android app stores.
  2. Select 'Sign Up': Locate and click on the 'Join Now’ button, found in the top right corner of the screen.
  3. Create an Account: You'll need to create a username and password. The password should meet the strength requirements specified on the site.
  4. Enter Personal Information: You'll be prompted to enter your personal details, including:
    • Email address
    • Legal first and last name
    • Residential address
    • City, state, and ZIP code
    • Date of birth
    • Phone number
    • The last four digits of your Social Security Number (SSN)
  5. Agree to Terms and Conditions: Check the boxes to agree to FanDuel's terms and conditions, confirm that all your information is accurate, and that you are of legal age to gamble in your state.
  6. Verify Your Identity: After entering your details, you will need to verify your identity. This is a standard procedure in the online betting industry to comply with regulations.
  7. Enable Two-Factor Authentication: For added security, you have the option to enable two-factor authentication. In some U.S. states 2FA is mandatory.
  8. Make Your First Deposit: Choose from various deposit methods such as credit/debit cards, online banking, PayPal, and others. Enter your chosen amount and complete the deposit of a minimum $10.
  9. Claim the Welcome Bonus: FanDuel offers its Bet $5 Get $150 in Bonus Bets to all new users.

Remember, you must be at least 21 years of age and physically located in a state where FanDuel operates to create an account. Also, it's important to provide precise information during sign-up to avoid any issues with your account later on.

Step 2: Choose Your Bet

For first-time bettors, here are some best practices to think about before making your first bet:

  1. Choose Simple Bets: Start with Moneyline bets where you just pick the winner of a game.
  2. Learn the Odds: Understand that negative odds (e.g., -150) require more money to win $100, while positive odds (e.g., +130) win more than your bet amount.
  3. Bet on Over/Under: This involves predicting whether the total score will be over or under a set number.
  4. Research is Key: Look into team/player performance, injuries, and other factors.
  5. Set a Budget: Only bet what you can afford to lose.
  6. Avoid Complex Bets: Initially steer clear of parlays and teasers.
  7. Compare Odds: Different sportsbooks might offer better odds for the same bet.
  8. Learn from Experience:  Win or lose, every bet can teach you something.

Step 3: Withdrawing Winnings

Withdrawing funds from a FanDuel account involves a few key points to keep in mind. While FanDuel typically states a withdrawal time frame of 1-5 days, the actual duration can vary depending on the withdrawal method chosen. Different methods, such as bank transfer, PayPal, or check, may have varying processing times. It's important for users to select the method that best suits their needs and to be aware that some methods might take longer than others. This flexibility allows users to manage their winnings according to their preferences and convenience.


Signing Up at FanDuel
How do I create a FanDuel Sportsbook account?
What are the requirements to sign up?
Types of Bets
What are Spread Bets?
Can I place Moneyline Bets?
Placing a Bet
How do I place a bet on FanDuel?
What should I know before placing my first bet?
Managing Your Account
Can I track my betting history on FanDuel?
How can I update my personal information?
Withdrawing Funds
How do I withdraw my winnings?
How long does it take to receive my funds?

Meet Our Authors

Sol Fayerman-Hansen
Sol Fayerman-Hansen

Sol's interest in sports was sparked at a young age, inspired by athletes such as Barry Sanders, Michael Jordan, and Wayne Gretzky. This early fascination evolved into a deep-seated passion, guiding him toward a career in sports journalism in 2007. Over the years, Sol has contributed numerous articles and reviews to various online platforms, sharing his knowledge and perspectives.

Central to Sol's approach is his dedication to honesty, especially regarding sports betting platforms. He believes in providing bettors with straightforward and detailed reviews, distinguishing his work by avoiding the often overly positive spin on bonus offers and promotions. His commitment to truthfulness has made his reviews a reliable source for those seeking authentic advice and information, thereby earning him a reputation for integrity among his readers.

“In the world of sports betting, truth is more valuable than any bonus offer.”

Content Manager, OnlineCasinoReports2012-2021
Sports Journalist, Dottraffic2009-2011
Content Writer, HouseTech2007-2009
Cristina Varela Galan
Cristina Varela Galan
Problem Gambling Expert

Cristina used to work as a Psychology Assistant in the Bizkaia Pathological and Risky Gamblers Association. She was also part of a research team in Deusto University, specializing in pathological gambling area. While working there, she managed to develop her own project 

 “Exploring the association between emotional regulation, alexithymia, stressful life events and gambling in adolescent and young adult women”.

Paruyr Shahbazyan began his business career in 2000 as a private entrepreneur. Over thirteen years, he developed a deep understanding for business and leadership, laying a solid foundation for his professional journey.

In 2013, Paruyr stepped into the sports and betting industry as the founder and president of Bookmaker Rating. This online mass media platform, which he led until 2020, focused on providing in-depth analysis and insights in sports betting, earning a reputation for its quality content. 

Continuing his innovative approach in 2022, Paruyr co-founded Azuro, a decentralized betting protocol. This venture showcases his dedication to integrating advanced technology in the evolving landscape of sports betting. Through these diverse experiences, Paruyr has continuously influenced and shaped the betting industry, driving new trends and setting high standards.

Engaged in private entrepreneurship2000-2013
Founder and President at Bookmaker Rating, an online platform focused on sports and betting2013-2020
Co-founder at Azuro, a decentralized betting protocol2022

"Innovation in sportsbetting comes from a deep understanding of both technology and the human element of sports." 

- Paruyr Shahbazyan, Founder, RG


Principles and Ethics

Paruyr Shahbazyan's core beliefs lie in the power of informed decision-making and integrity in the betting industry. He understands that the foundation of successful betting is not just about odds and predictions, but also about the trust and reliability of the information provided. Paruyr advocates for a betting environment where transparency and knowledge are paramount, ensuring that bettors are well-equipped with accurate data and insights.

Strategic Vision

Paruyr's vision is to revolutionize the sports betting industry through the integration of technology. He sees the future of betting as a blend of traditional sports knowledge with innovative tech solutions, like decentralized protocols, to enhance user experience and fairness. His aim is to create platforms that are not only user-friendly but also uphold the highest standards of ethical betting, contributing to a more responsible and enjoyable betting culture.

Future Perspectives

Looking towards the future, Paruyr envisions a betting landscape that is more inclusive, technologically advanced, and globally connected. He anticipates a significant shift towards more decentralized and transparent betting systems, driven by blockchain technology. Paruyr is committed to being at the forefront of this change, continuously exploring new possibilities and innovations that can redefine what it means to engage in sports betting in a digital world. His focus is on building systems that prioritize user empowerment, fairness, and the global growth of the sports betting community.


Anna Kravtcova
Anna Kravtcova
Problem Gambling Expert

Ph.D. in organizational psychology, an internationally certified psychologist (EuroPsy 2022, Cognitive behavioural therapy of mindfulness 2020, International Society for Emotional Intelligence 2017, Russian Psychological society 2014, American Psychological Association(Society for Industrial and Organizational Psychologist) 2011), speaker of many international conferences (USA, Brazil, Portugal, Czech Republic, Russia, etc.). TEDx speaker.

Mike Rosenberg
Mike Rosenberg
Content Writer

Mike made the decision to dive headfirst into the booming world of sports betting fresh out of college. Back in the day, when 1-800 pick lines and sports pagers were all the rage, he couldn't resist the allure, having grown up idolizing sports legends like Sweetness, MJ, and Slammin Sammy. Mike dedicated his early years to the industry, tirelessly analyzing games, writing articles with free picks, and selling his expertise on reputable handicapping sites. Unlike many others, Mike was known for his integrity and only released one Game of the Year per sport, per season. His hard work and unwavering commitment paid off, earning him a devoted following and propelling his career to new heights. Then came the explosion of Daily Fantasy Sports. Believe it or not, companies like DraftKings and FanDuel used to pay Mike's company to increase their brand exposure. Now, those same industry giants don't even bother responding to his emails. While Mike appreciates the convenience of being able to place legal bets in his own backyard, he can't help but feel disheartened by what has become of the industry. People are being led astray, falsely believing that a mere $5 wager on a 20-team same-game-parlay will be their ticket to financial security. If there’s one thing Mike learned from making book back in the day, it’s that parlays are a bookie’s best friend. A bankroll is the only leg you have to stand on in the battle with the books, and Mike’s here to offer up advice on how to protect it.