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For quite some time now, FanDuel and DraftKings have been engaged in a rivalry similar to that of Coke and Pepsi.
DraftKings Sportsbook has recently introduced its own rendition of Wild Cherry Pepsi, taking the analogy to the next level.
DraftKings has introduced a new feature called same-game parlays, coinciding perfectly with the start of football season. This feature enables users to combine multiple elements from a single game into a single bet. The addition of this feature was made possible through DraftKings’ data agreement with Genius Sports.
This addition strategically aligns DraftKings with the FanDuel Sportsbook corner, a wise move considering FanDuel’s position as the top sportsbook in the country and the leading player in Michigan’s sports betting market.
Parlays within a game weren’t always available at sportsbooks
The house particularly favors parlays as a popular type of sports bets.
For quite some time, people have been completing parlay cards, combining various individual bets with often unlikely odds. In order to win the bet, you must successfully predict the outcome of all the different bets.
In the past, it was not possible to combine multiple bets within a single game, which is logical.
Suppose you believed that the Detroit Lions’ sole chance of covering a spread against Green Bay last year was by successfully executing long passes, transforming the game into an intense shootout.
You could consider combining the Lions spread bet, placing an over bet on the total points scored, and placing a player prop bet on Matthew Stafford to throw for over 300 yards.
Due to the interconnectedness of the outcomes, sportsbooks were reluctant to offer the customary parlay odds boosts for such bets.
FanDuel was first to market with Same Game Parlays
FanDuel Sportsbook was the first to introduce its Same Game Parlay, providing an additional betting option.
In January, when online sports betting in Michigan began, FanDuel introduced a new feature that calculated parlay odds in a unique way. FanDuel then developed marketing campaigns centered around this feature.
After the launch, PointsBet Sportsbook quickly introduced its own Single Game Parlay option, followed by BetMGM Sportsbook. Both sportsbooks now offer this feature, functioning in a similar manner.
The term “Same Game Parlay” has been trademarked by FanDuel. PointsBet refers to them as “Single Game Parlays,” while DraftKings uses the term “Same Game Parlays.” BetMGM, on the other hand, calls them “One Game Parlays” and exclusively offers them for soccer and basketball.
DraftKings adds feature with free bet promotion
Last week, DraftKings introduced its Same Game Parlays and rewarded customers with a complimentary $10 baseball bet for trying out this new feature.
The Wednesday deadline marks the end of the promotion.
This football season, there will be an increase in risk-free parlay bets and an abundance of promotions centered on this exciting feature.
Currently, Same Game Parlays on DraftKings in MI can only be accessed through mobile platforms. To explore the available bets for this feature, simply click on a game and toggle the Same Game Parlay button.
This year, Barstool Sportsbook has intentions to introduce a version of same-game parlays.
FanDuel has built strong brand on parlay success
Other companies are following FanDuel’s lead on the parlay road because it has proven to be effective.
Sportsbooks prefer players to place parlay bets due to their significantly lower probability of winning compared to regular bets.
Sportsbooks wouldn’t put effort into developing same-game parlays if they didn’t bring them significant advantages, even though there is currently no accessible data to compare them with regular parlays.
One of the most popular promotions offered by FanDuel revolves around parlays, with a special focus on parlay insurance. This promotion allows bettors to receive a refund on their parlay bet if only one leg of the bet fails, up to a certain depth.
If you visit the promo page of FanDuel Sportsbook, you will find several parlay bets highlighted. Recently, on Wednesday, FanDuel offered up to $25 in refunds for MLB Parlay Insurance (minimum of five legs) and Multi-Sport Parlay Insurance (also requiring at least five legs).
According to revenue reports, FanDuel has been consistently leading in the business sector in Michigan. Since its launch in January, the sportsbook has continuously recorded the highest online sports betting handle every month.
While the Michigan Gaming Control Board does not provide specific revenue breakdowns for different types of bets, it is evident that parlay wagers are highly favored. In the month of June, Illinois sports bettors placed over $100 million in parlay bets, second only to basketball betting in terms of popularity.
Who has the best same-game parlay odds in Michigan?
Given that three Michigan operators have introduced same-game parlay options, why not give it a try?
Miguel Cabrera’s pursuit of 500 career home runs has generated significant excitement. Therefore, just before Tuesday’s game in Baltimore, Playinmichigan placed a straightforward parlay bet on Cabrera hitting a home run and the Tigers emerging victorious on the moneyline.
Here are the revised sentences:<br><br>- DraftKings presented odds of +500 in their results.<br>- PointsBet’s results showed odds of +516.<br>- FanDuel offered the most favorable odds for players, with a result of +602.
For the second game of the series on Wednesday afternoon, we made another attempt. This time, the odds of Cabrera hitting at least one home run and the Tigers winning were +575 at DraftKings, +588 at PointsBet, and +571 at FanDuel.
Throughout the football season, we will closely monitor these comparisons.
DraftKings also adds digital NFT marketplace
This week, DraftKings not only introduced a new aspect of its business but also revealed a sports parlay betting feature.
On Tuesday, DraftKings ventured into the NFT (non-fungible token) realm by collaborating with Autograph, a company specializing in digital collectibles. Together, they launched a marketplace for these unique digital assets.
On Wednesday, the highly anticipated Preseason Access Collection was introduced, featuring none other than the legendary football player Tom Brady, renowned for his time at Michigan. Excitingly, future releases are expected to include esteemed figures like Wayne Gretzky and more.
DraftKings has released the initial Brady Premier NFT from a series of five. The sale will continue until 7 p.m., offering a total of 10,125 collectibles ranging from $12 to $100.
According to DraftKings, individuals who have a DraftKings account are eligible to purchase and resell NFTs on the secondary market. Additionally, buyers of these NFTs will receive preferential access to upcoming releases.
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