FanDuel has introduced new product features in anticipation of the March Madness basketball tournament.
These innovations include a unique option allowing bettors to combine picks from multiple rounds of the tournament into a single parlay bet, along with a new ‘Bet Back Token’ designed to help bettors recoup their wagers if outcomes aren’t as anticipated.
The new tournament parlay feature allows bettors to merge different predictions into one bet, enabling wagers on teams reaching certain rounds, winning regional brackets, or securing the overall championship, all within a single parlay.
This innovation represents the first time a sportsbook has offered the capability to place bets across multiple tournament stages, transforming bracket predictions into betting opportunities.
FanDuel’s Bet Back Token adds extra flexibility, allowing bettors to reclaim their stake in bonus bets if a wager appears unlikely to succeed. Users can activate this token late into the game, whether due to a disappointing parlay leg, a player injury, or a significant deficit. The stake is instantly refunded in the form of bonus bets, within promotional limits.
Karol Corcoran, the Senior Vice President and General Manager of FanDuel, mentioned:
The March tournaments offer a full month of high stakes college basketball, and while fans’ brackets may be busted after a round or two of tournament games, their bets no longer have to be with the Bet Back Token.
Combined with our unique multi-round parlay feature, this year we are offering our customers unparalleled flexibility.
