What is FanDuel Sportsbook and how does it work?

FanDuel Sportsbook is an online betting platform that allows users to wager on a variety of sports and events, legally and securely. It operates as a digital venue where bettors can place real-money bets on outcomes of different sports, such as football, basketball, baseball, hockey, soccer, and more. Users create an account, deposit funds, and then they can navigate through the various betting options available. These options include point spreads, moneylines, over/under totals, parlays, props, and futures. The platform determines odds for each betting market, which represent the likelihood of each outcome occurring. When a user places a bet and wins, FanDuel credits their account with their winnings; if the bet is lost, the wagered amount is deducted from their account balance. FanDuel Sportsbook ensures compliance with local regulations in states where sports betting is legally permitted and offers a user-friendly interface along with features like live betting and cash-out options to enhance the betting experience.