Funded Betting and Funded Sports Betting
According to oddsassist.com, between June 2018 and February 2024, the “total handle of all sportsbooks in all states with regulated sports betting has exceeded $310 billion.” Legislative actions have played a significant role in the regulation and legalization of sports betting. That amounts to 310 billion dollars out of the pockets of those trying to chase the promoted idea of success while those in charge want you to lose. The entire system is based on profiting off those who do not find success. More people must lose than to succeed or the sportsbooks lose money. If you take the traditional betting system and flip it on its head, you are left with funded picking. Instead of funding your own picks from your own bankroll, you are given the funds you can use to make your picks. The goal here is simple: provide you with the knowledge of a new method of sports betting that removes a large portion of the risk involved in traditional sports betting.
Funded betting is a new way to bet on sports, where you are provided with a fund to use for your bets instead of using your own money. In traditional sports betting, you input your own money into your account which you can then use to make your bets. In funded betting, instead of betting with your own money, you earn a certain amount of money to then make your bets. These sites have some methods of testing or challenging you to see if you can earn a bankroll with which to make your bets. Typically, it is a trial period to use a non-guaranteed version of a bankroll to see if you can get a guaranteed bankroll of funds with which to bet more freely. The betting mechanics work just like a traditional site in terms of placing your bets, with the primary differences coming from your money source. In a traditional site, you connect a bank account or credit card to draw funds from, moving them onto the site to use for bets, whereas for funded betting, that does not occur. You pay for a challenge to then earn the bankroll you can make bets with, but the fee is far less than the bankroll that is given to you.
Revenue generated from sports betting is often allocated to local governments for infrastructure projects and youth sports programs.
Funded betting removes a large portion of the player’s financial risk from sports betting. Being provided with the funds to make your bets while only spending a small portion to start opens up the possibilities of what you can do. If you only have $200, that is all you could invest into bets for a traditional platform. For a funded betting platform, that $200 would be flipped into a much larger bankroll that you could use thereby reducing the financial burden and risk as a player using funded systems. With a less self-centered and risky system, other players are far more open and positive about others finding success. A less risky system also means a far more open and happy community on the platform. This leads to more collaborative communities that help each other, instead of exploiting strategies and lines for selfish gain.
Most platforms have opportunities to talk to other bettors and to build a community together which is very different from traditional platforms. Both the lower entry barriers and helpful communities open up the field to new bettors trying it out for the first time.
State officials are responsible for the distribution of funds generated from sports betting, which can be used for various purposes such as education and public health programs.
Funded betting sites are not characterized as betting sites, which allows them to fall under different legal jurisdictions. These platforms are characterized as sweepstakes sites or something in a similar vein. This is because money is not directly deposited into the site to play with. Since it is not a traditional sportsbook, it makes the laws surrounding it different.
These types of sites are legal for 18-year-olds to use in many countries around the world, unlike traditional sportsbooks, which are far more regulated. These sites must still follow local laws covering these types of sites, but they are legalized in far more regions than sportsbooks. Future regulation may close the loopholes for these types of sites which will cause them to align more with traditional sportsbooks, which would greatly impact accessibility to funded betting sites, but at this point, that regulation has not been proposed.
Fan Funded provides a few methods to learn from others. First, it is important to join the Fan Funded discord community. The Fan Funded discord community has many channels covering everything that can be found on the platform and more. It provides a space for people who want to talk about any sport to do so, whether it is just talking about what is happening in the sports world or direct help with finding picks, the discord community covers it all.
Another place to find information is the blog page. The blog page has articles covering both pick suggestions and how the platform works. You can also find suggestions on how to make your Fan Funded experience better and to find more success.
Another is the FAQ page that provides answers to parts of the site that are commonly asked about. Joining the discord page or exploring answers on the site itself, is all available to make your picking experience more enjoyable.
Some common misunderstanding around funded betting is the disbelief that you can get real rewards without betting your own money. That is 100% the case here. Once you pass the challenge, you can make up to 70% of the money you earn above the bankrolled amount. The process to reach that point can also be confusing.
There are two challenge methods to earn your bankroll; the blitz challenge and player challenges. Both challenges have the same two phases where you must earn a 33% ROI within a 30 day period, but the blitz challenge has a 24-hour phase to start where you must earn the same goal. No matter which challenging path you choose, if you can achieve these goals, then you earn yourself the bankroll with no time limit when you can earn real rewards.
To recap, Funded betting flips the traditional betting model by providing users with funds to make bets instead of using their own money. It also significantly reduces the financial risk for players, as they are provided with a bankroll to bet with, minimizing the initial investment required. With lower risk comes a more positive and collaborative community environment on funded betting platforms, where users support each other’s success. All of this is possible because funded betting platforms operate under different legal jurisdictions compared to traditional sportsbooks, and are often categorized as sweepstakes sites due to the indirect handling of funds. You are encouraged to join the growing community of funded betting enthusiasts on platforms like Fan Funded. Explore the platform, engage with the community on Discord, and discover a new way to enjoy sports betting with reduced financial risk. As sports betting continues to evolve, funded betting platforms offer a refreshing alternative for enthusiasts seeking reduced risk and a supportive community. With innovative approaches and growing popularity, these sports-picking platforms are reshaping the landscape of sports betting, providing opportunities for success without the traditional financial burdens. Embrace the future of sports betting with funded betting platforms and unlock the excitement of betting with limited risk, all while being part of a vibrant and encouraging community.
