BetMGM vs FanDuel: Comparing Sportsbooks
In recent years, sports betting has been booming due to states starting to legalize sports gambling. The top sportsbooks across the country are available for new users to check out. BetMGM and FanDuel are two household names that have continued to grow in popularity over the past few years.
Which one should bettors choose? Here’s a guide to comparing BetMGM vs FanDuel. What the sports betting sites offer in terms of promotions, bonuses, features, banking, and more.
Promotions and Offers: BetMGM vs FanDuel
FanDuel and BetMGM are constantly running promotions to get new users on their platforms. The bonus amount, bonus credit, or boost differs depending on the betting platform. Here are the welcome bonuses BetMGM and FanDuel offer on their sports betting platforms.
Welcome Offer – FanDuel
FanDuel offers a “No Sweat” bet of up to $1,000 to get started with the popular sportsbook. If your first bet loses, you will get that bet back in bet credits. This entices users to deposit knowing they are covered if they lose. For example, you want to bet $250 on the Bengals to win. You decide to pull the trigger. If the Bengals lose, FanDuel will give you $250 in bet credits to cover that first bet.
For state launches, FanDuel also has offered $200 in bonus bets for new users. The offer has been a common promo code for pre-registration before a state goes live. Another offer for new users has been FanDuel will allow you to bet $5 and earn $200 in bonus bets.
For example, bet $5 on an NFL game and your account instantly is credited with $200 of bonus bets. It’s simple, bet and get bonus money.
Welcome Offer – BetMGM
BetMGM Sportsbook has a welcome bonus that includes a $1,000 first-bet insurance for new users signing up for the online sportsbook. If your first bet happens to go south and loses, BetMGM will cover the initial loss with a bet credit up to the $1,000 maximum. Other sportsbooks might refer to it as a risk-free bet, second-chance bet, or some other terms.
BetMGM also offers bet bonuses, daily odds boosts, and more promos for new bettors. For example, the sportsbook has given out $200 in bet bonuses for users signing up in the weeks leading to a state launch. This has grown common in online gambling as sportsbooks get close to launch and try to encourage users to sign up early.
Other BetMGM promotions
BetMGM offers more promotions and bonuses besides its welcome offer. These include one-game parlay insurance, competitive odds boosts, and even a feature that is called “Edit My Bet.” Users can change or add to their bet selections after submitting a pick in their bet slip. They can even increase their stake before the game or event starts.
Ongoing promotions are constantly running at the BetMGM Sportsbook throughout the year. It’s extremely common to see offers to claim such as odds boosts, bet bonuses, and more surrounding major sporting events like the March Madness basketball tournament.
Now, most of the promotions offered by BetMGM are designed for new users and registrations. In recent years, the sportsbook has not provided many promotions for existing users to reward them for their betting. BetMGM does have a rewards program.
Other FanDuel promotions
FanDuel Sportsbook has also varied its promotions throughout the year. For example, for the NFL Playoffs, new users could bet $5 to earn $150 in bonus bets. When using FanDuel, you bet $5 and the $150 bonus credit will be paid to your account. The bonus bets are usually divided up. So you might receive five $30 bets that have to be used within a certain amount of time.
FanDuel Sportsbook also has odds boosts and pre-built same-game parlays for users to take advantage of to win big. Like BetMGM, the sportsbook offers promotions around major events like the Super Bowl or the Masters.
For example, if you made a moneyline bet for Super Bowl 56, FanDuel boosted the odds to 56 to 1.
Which Sportsbook is Better for Odds?
When sports wagering, it’s smart to compare odds and lines from sportsbooks. This way you will be able to get the best value for a bet. Odds are not uniform across the board. Comparing will ensure you get the best odds for your bet. So when it comes to the BetMGM Sportsbook and FanDuel Sportsbook, which has better odds?
Compared to sportsbooks across the industry, the FanDuel and BetMGM Sportsbooks have average odds. So when it comes to the juice, there won’t be much difference. You are more likely to see differences in the lines set for point spreads, totals, props, and more.
For example, BetMGM customers might see the Chiefs favored by -3.5 while FanDuel has the line at -3. Overall, you will see pretty consistent lines or odds when checking out FanDuel or BetMGM.
It’s Smart to Compare Odds
As a sports bettor, you should be line-shopping for the best odds instead of checking one sportsbook. Give multiple sportsbooks a download to compare the odds on the same game or vent. Sometimes there will be a difference in the odds or line that can give you the best value for your bet.
For example, there could be a better line at FanDuel compared to BetMGM. Or DraftKings and Caesars Sportsbook might have the advantage.
In-Game Betting and Live Streams
FanDuel has made a name for itself with live betting. It has a large number of sports to bet on and it’s a reason why many bettors choose FanDuel. While FanDuel has more sports, BetMGM is no slouch in live betting. There is a broader selection at BetMGM of wagers to choose from.
Both the FanDuel and BetMGM Sportsbook allow live streaming. Live sports are available to watch at either sportsbook. You can watch the action while you place bets with solid live betting options.
Sport Offerings at each Sportsbook
You can bet on a variety of leagues and sports around the world with the FanDuel Sportsbook and BetMGM platform. They both have the top American sports leagues such as the NFL, NBA, MLB, and more for you to wager on.
The long list for each sportsbook includes sports like football, basketball, baseball, tennis, boxing, water polo, volleyball, and more.
BetMGM Sportsbook vs FanDuel Sportsbook Bet Types
If you are looking for a solid number of bet types, BetMGM and FanDuel Sportsbook have you covered. There isn’t much difference between two popular sportsbooks.
Users can enjoy a long list of odds on traditional bets such as point spreads, moneylines, and totals. The sportsbooks also have futures, alternate spreads, teasers, and same-game parlays.
Outside of betting, FanDuel daily fantasy sports is one of the premier fantasy options in the country. It’s one of the reasons FanDuel was able to transition to sports betting quickly after having a strong DFS platform. The first FanDuel Fantasy Football Championship was back in 2009.
VIP and Rewards Programs
Bettors are looking to get rewarded for placing bets. Both of these top sportsbooks have a rewards system in place.
BetMGM Loyalty Program
BetMGM’s rewards are broken down into different tiers for its sports bettors. The levels a bettor can end up reaching are Sapphire, Pearl, Gold, Platinum, and Noir.
Placing bets on BetMGM will earn you reward points that can be used for bonuses and bet credits. They are even redeemable at MGM Resort properties.
FanDuel Loyalty Program
FanDuel Sportsbook does not have a loyalty program open to all users. You don’t receive points for placing wagers. The FanDuel VIP program is exclusive and only for certain bettors who meet the criteria. It’s invite-only and reserved for high rollers who are spending big money on the platform.
Customer Service and Support
Both platforms have 24/7 customer support and are available at all times for their users. With live chat and email options, your questions should be answered quickly.
This type of support is becoming the standard due to sports taking place at all hours of the day. You don’t want to have to wait for customer support if something goes wrong with wagering your bonus credit on a late football game.
Mobile Betting Apps
BetMGM has a strong app that is rated 4.8 out of 5 in the Apple App store. It has a strong 4.5 rating on Android devices as it continues to grow in popularity. The sportsbook app has some great features such as same-game parlays, live streaming, cashouts, odds boosts, Edit My Bet, and more.
FanDuel is a fast, dependable, and user friendly app. It has a 4.8 rating in the Apple Store and a 4.7 in the Google Play Store. It’s known for its same-game parlays, great live betting, diverse odds, and more.
Final Verdict: BetMGM or FanDuel
The decision is going to come down to you. Research the sportsbooks and determine the type of bettor you are going to be. That will influence your decision. Take welcome offers, bonuses, features, and more into consideration.
Don’t forget to compare odds as well. Shopping lines in sports betting is one of the best ways to get the most value out of your bets. Download the FanDuel or BetMGM app and check it out. Then decide where you want to make deposits and place bets.
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FanDuel vs BetMGM FAQs
Flutter Entertainment has the controlling stake in FanDuel. BetMGM is a 50/50 ownership between BetMGM and Entain in the UK.
FanDuel and BetMGM cap your daily winnings at $1 million. They are two of the highest paying sports betting sites in the world.
The juice is pretty standard for FanDuel and BetMGM. Their odds are considered average compared to most online sports betting platforms. Register for both and compare odds before placing any bets.
Both sportsbooks offer a strong number of promotions. BetMGM has a nice welcome offer with the $1,000 first bet insurance and FanDuel has the $1,000 “No Sweat” bet. Each also has bonus bets and more around major events.
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