FanDuel Sportsbook Soothes The Sting With Close Loss Insurance For NFL Bets

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Losing always hurts, but it always hurts worse when a single play could’ve made the difference.

For that reason, FanDuel Sportsbook is offering close loss insurance for the NFL’s Week 6 on any losses of six points or less.

How FanDuel’s close loss insurance works

In order to participate in this promotion, you must have a valid FanDuel Sportsbook account and place a moneyline bet on an NFL game before it starts. If your team loses by six points or less, FanDuel will credit your account with the full amount of your wager up to $50.

Each game you bet is eligible for the promotion, and you can have multiple payouts on these wagers. However, only the first moneyline bet on each game will count toward the promo.

The promo is available through Oct. 15 so all games in NFL Week 6 (including the Eagles-Giants game) are eligible.

What you can and can’t do

You are restricted to making a moneyline bet for this promotion, and you won’t remain eligible if you make these bets as a parlay. Also, the bet cannot be an in-game wager.

In order to keep your eligibility for the promo, you have to stick with the bet the entire time. So, even though FanDuel offers the revolutionary Cash Out system, you will forfeit any cashback potential if you use it on this bet.

And here’s the good news: You will receive bonus cash in your account within 72 hours of the end of your game. Those bonus dollars will be immediately usable, but you cannot withdraw them until you wager an equal amount to the bonus.

Of course, be aware that the playthrough has excluded wagers. What does that mean? Well, excluded wagers are bets that will not count toward the requirement. FanDuel defines those wagers as any bets on favorites that have moneylines greater than or equal to -200.

FanDuel offers several cashback promos

This promotion is one of several that compensates players for losses on their wagers. You can also receive cashback on the following:

  • ALCS: Up to $50 if the team loses after sixth inning lead
  • NLCS: Up to $50 if the team loses after sixth inning lead
  • New York Knicks vs. Brooklyn Nets season opener: Up to $100 back, regardless of margin of loss

All these FanDuel Sportsbook promotions provide players with a way to dampen or eliminate the sting of losing their bets. With so many new bettors joining legal NJ sports betting, it makes sense that a site would want to cushion the blow a bit.

And it’s nice to know that if you do have a little skin in the Eagles-Giants NFL game on Thursday, you won’t be too sad when it’s a close game and your favorite team loses.

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Bart Shirley

About

Bart Shirley is a writer and poker player from Houston, Texas. When he's not teaching high school math and business, Bart writes about the NJ online casino industry and US online poker. He has a master's degree in business administration from Texas Christian University and a degree in English from Texas A&M.