Bet365 vs FanDuel - Which Sportsbook is Better?
The American online sports betting industry comprises a couple of giant sportsbook brands which are all competing for the huge market share available across states where online sports betting is legal in the country. This gives bettors from all over the country, a wide range of options to wager on with the operators making brilliant efforts towards their satisfaction. Let's examine two of them in a comparative analysis.
Bet365 and FanDuel are notable sportsbook operators in the United States. Both online sports betting brands have excelled across the country and could easily rank as one of top sportsbooks in the world. The two brands have a great record investing heavily in promotions in a bid to attract new bettors across the United States, as well as loyalty programs to keep current players happy and satisfied with their betting platforms.
Bet365
A giant in the global online sport betting industry, Bet365 was founded in 2000 by Denise Coates. The British gambling company was launched in a small building in Stoke-on-Trent and went on to become a world class betting company boasting millions of customers across the globe. Bet365 can be described as a trailblazer in the online sport betting industry and holds a long standing reputation for the brilliant services it offers to bettors. The company gained a huge level of popularity with its "bet in-play now" adverts featuring Ray Winstone.
Shortly after the Supreme Court ruling on PASPA that allowed states to regulate gambling in 2018, Bet365 announced its plan to launch business in the United States. The company partnered with Hard Rock Hotel and Casino in Atlantic City to launch an online sportsbook in the USA, starting with the state of New Jersey. The company didn't spread across the United States as the local sportsbooks. It would only announce a launch in its second state in 2021 when it entered Colorado with a partnership that involved revenue share with Century Casino.
FanDuel
Starting up as a Daily Fantasy Sports contest provider, FanDuel is a leading online sportsbook in the United States. Founded in 2009 in Edinburgh as a pivot from a news prediction website Hubdub, the company has established itself as a titan in the American online gambling industry. The company competed mainly with DraftKings as a Daily Fantasy Sports contest provider in the United States. FanDuel is currently co-owned by Flutter Entertainment which owns 82.4% of the company and Fox Corporation which has 18.6% of the company's shares.
FanDuel merged Irish betting company Paddy Power Betfair in May 2018. The deal involved Paddy Power Betfair holding a 61% controlling stake with option to increase to 80% and 100% over time and merging its existing assets in the United States into FanDuel. The merger occurred in the wake of the Supreme Court ruling on PASPA and positioned FanDuel on the right track for the upcoming sport betting opportunity in the United States. Ever since then, FanDuel has cemented its place as a top player in the American online betting industry.
Comparison of Bet365 and FanDuel
In reviewing the two sportsbooks giants comparatively, we will take a closer look at areas in which they've outrightly excelled, and also parts that pretty much need improvements in order to ensure premium customer satisfaction. The two heavyweights will be pitched against each other in a host of categories including welcome offers, available sports, deposit & withdrawal, live betting, mobile app, geographical coverage and loyalty programs. A final verdict will be given on which sportsbooks wins the battle in all categories.
Welcome Offers
Bet365 offers new users of its platform free bets as a welcome bonus. The sportsbook provides new customers $200 worth of free bets after sign-up and placing their first bet. New users have to deposit at least $10 on the Bet365 account, and then place the first bet with at least $1, the new user will be immediately granted a free bets bonus worth $200. FanDuel on the other hand gives its new users up to $1,000 in no sweat bet. "No sweat bet" is FanDuel's new way of describing risk-free bets after its cultural shift towards responsible gambling. FanDuel will refund users in site credits on their first bet up to a maximum of $1,000 if the wager is lost.
Winner: Fanduel
Available Sports
Bet365 and FanDuel cover a wide range of sports on their platforms. The two sportsbook brands cover major sports as well as competitions in comprehensive detail for bettors in the United States. There is the option to wager on sporting events across several countries around the world on both Sportsbooks. However, Bet365 coverage is a little wider and more extensively done than most sportsbooks in the United States. In fact, it is likely that bettors get overwhelmed by the wealth of options available to bet on.
Winner: Bet365
Deposit and Withdrawal
Bet365 and FanDuel both offer bettors varieties of options to deposit funds into their account, and this include online banking, debit and credit cards, eChecks, PayPal, etc. Both Bet365 and FanDuel have a minimum deposit of $10 which ensures a level of inclusivity. Bet365 processes withdrawal requests within 1-5 banking days depending on the method employed which includes Paypal, eChecks, Skrill, etc. Withdrawals on FanDuel on the other hand take 2-5 business days in processing time depending on the method a user is withdrawing with. Bet365 has an edge here as withdrawals could be processed and paid to customers earlier.
Winner: Bet365
Live Betting
Bet365 and FanDuel both offer bettors in the United States a highly comprehensive and live betting section on their website and app. The live betting pages of both sportsbook operators are pretty easy to navigate and understand with the lines getting updated regularly. Bet365 however offers a much more advanced and sweetened in-play wagering with an abundance of features. The two Sportsbooks offer live streaming of games to bettors which ensure an adequate following of games they've wagered on.
Winner: Bet365
Mobile App
Aside from accessibility on the web, Bet365 and FanDuel provide their users with a sport betting app available on both Android and iOS. The FanDuel mobile app is rated 4.7 on both Google Play and 4.8 Apple App Store. Bet365 on the other hand has an average user rating of 4.7 on the Apple App Store and a disappointing 2.5 on Google Play. The FanDuel app offers a unique betting experience in the palm of bettors as it offers all web features on it. Bet365 on the other hand has more work to do on their Android app as it performs far below expectations.
Winner: FanDuel
Geographical Coverage
Unlike FanDuel which is widely available across the United States, Bet365 is only available in the three states of New Jersey, Colorado and New York. FanDuel still operates its Daily Fantasy Sports contest in almost all states of the federation but its Sportsbook is only available in the 17 states of Arizona, Colorado, Connecticut, Illinois, Indiana, Iowa, Kansas, Louisiana, Maryland, Michigan, New Jersey, New York, Pennsylvania, Tennessee, Virginia, West Virginia and Wyoming. FanDuel will also launch in Ohio on January 1, 2023.
Winner: DraftKings
Loyalty Programs
Bet365 and FanDuel currently operate a loyalty program to keep bettors glued to their sportsbooks. Bettors earn points for placing bets on sporting events and casino games on both sportsbooks. FanDuel operates a quite comprehensive loyalty program that offers exciting bonuses to users across the country. The Bet365 loyalty program is also brilliant and good enough to keep customers satisfied, buy FanDuel pretty much has an edge here due to its advanced level of reward players.
Winner: FanDuel
Bet365 and FanDuel FAQs
Are Both Bet365 and FanDuel Legal?
Bet365 and FanDuel are duly licensed sportsbook operators in the United States. The two sportsbooks operate legally in a couple of states where online sports betting is allowed across the country. The two sportsbooks also hold a record of operating within legal limits across the United States since they were granted license approval.
Who owns Bet365 and FanDuel?
FanDuel is co-owned by Flutter Entertainment which was formerly known as Paddy Power Betfair and Fox Corporation. Founder of Bet365 Denise Coates remains the majority stakeholder in the company.
When did Bet365 and FanDuel kick-started operations?
Fanduel was founded in 2009 as a Daily Fantasy Sports contest provider in the United States and ventured on to online sports betting after the Supreme Court declared PASPA illegal. Bet365 on the other hand was established in the United Kingdom as early as 2000 which makes it one of the oldest online sportsbooks.
Who Pays Out Faster - Bet365 or FanDuel?
Bet365 processes and payout withdrawals within 1-5 banking days while FanDuel completes the process within 2-5 business days. Bet365 holds a higher probability of customers getting paid their cash profit earlier than FanDuel.
Is Live Betting Available on Bet365 and FanDuel?
In-play Betting is available on both Bet365 and FanDuel. Bettors have the opportunity to wager on ongoing sports events across several sports on both sportsbooks. Users can also stream live sports events on the two online betting platforms.
Which Sportsbook has the Wider Coverage - Bet365 or FanDuel?
Bet365 is a British online betting company and not a local sportsbook of the United State, It only operates in three states across the country. FanDuel on the other hand is a national titan with operations across 17 states where online sport betting is legal.
What is the Legal Betting Age on Bet365 and FanDuel?
Determining the legal betting age is not the duty of sportsbooks in the United States. It's a responsibility entrusted to the regulatory bodies in individual states. However, most states where sports betting is legal allow individuals who are 21 years or older to wager on sportsbooks.
Do Bet365 and FanDuel Operate a Mobile App?
Bet365 and FanDuel provide bettors a mobile app for sports betting in the United States. The mobile app is available to users on both the iOS and Android operating systems. The two apps are highly functional as users can access all features available on the two sport betting websites in their mobile apps which brings a brilliant betting experience to the palm of bettors.
Do Bet365 and FanDuel Offer Different Ways to Deposit?
Bet365 and FanDuel both offer several methods in which users can deposit funds into their account. It includes online banking, PayPal, eCheck, Play+, etc. Deposits made on both sportsbooks are instant in reflecting on users' accounts provided there are no technical issues with the preferred method of deposit.
Where are Bet365 and Fanduel headquartered?
Bet365 is a British gambling company and it is headquartered in Stoke-on-Trent in the United Kingdom. FanDuel on the other hand is an American company based in the city of New York.
