Once known for just being the clothing choice of sports fans, Fanatics has entered the sports betting spectrum with their acquisition of PointsBet Sportsbook.
Not only has Fanatics created their own sportsbook to add to their portfolio of products, but they have bridged their previous companies with their new venture with Fanatics FanCash.
What is FanCash?
If you haven’t already, head to our Fanatics Sportsbook review to learn everything about the new sports betting outlet.
Known for use with their retail commerce, Fanatics’ FanCash is their reward system that gives customers virtual cash to use on future purchases. It is traditionally automatically added to your next order as a way to save money but is a way that Fanatics says thanks for being a multi-time customer.
Shoppers could sign up for the Fanatics MVP Program to earn FanCash, as well as take advantage of promotions to earn more while buying their favorite clothing items and accessories.
FanCash also has a Rewards Card through Synchrony Bank, a popular bank for shopping-related credit cards. The Rewards Card is another way Fanatics gives customers a way to earn FanCash and get exclusive offers with purchases using their card.
How Do You Earn FanCash on Fanatics?
Fanatics Sportsbook is giving users multiple ways and percentages for earning FanCash.
- Up to 1% of the amount bet earned in FanCash on straight bets.
- Up to 3% of the amount bet earned in FanCash on Fanatics parlay bets.
- Up to 5% of the amount bet earned in FanCash on same game parlays.
The percentages are subject to change. The main reason a percentage returned would dip is if a leg from a parlay were to be voided or canceled.
Bets made using promotional funds (offers, bonus bets, and the like) are not eligible to earn FanCash. FanCash will show up in your account once a bet is settled. You cannot cash out bets and accrue FanCash.
Once you place wagers and want to see how much FanCash you’ve earned, you can view your accrued total under ‘My Account.’
There is one important step to accruing FanCash - confirm your email address. When you create an account with Fanatics Sportsbook, you will be asked to confirm your email address. This not only confirms your identity but also gets you started accruing FanCash with bets.
Fanatics plans on running promotions to earn FanCash via the sportsbook.
What If I Have FanCash From Shopping With Fanatics?
If you already have FanCash from purchases made on other Fanatics sites, you will not be able to use it on Fanatics Sportsbook, even if you use the same email address for commerce and the sportsbook.
The way to link the two FanCash options is to use an email that has no previous attachment to Fanatics. Sign up for Fanatics Sportsbook first, and then use the same email address to create a commerce account. You will receive an email giving you the option to link the two FanCash accounts.
Note that when you link the two, you must use all of your FanCash when selecting the option to include it for a bonus bet, commerce savings, etc.
How To Use FanCash
Once you collect enough FanCash, you can turn it into free bets. The minimum amount of FanCash that can be converted to a bonus bet is $.10.
Once FanCash is converted to a bonus bet, it cannot be broken into multiple bets. That means a $10 bonus bet from FanCash has to be used as a $10 bet.
Winnings from bonus bets will not include your stake, i.e. a $10 bonus bet placed on a winning bet with (+100) odds will return $10, not $20 because that would include your stake.
If you link your sportsbook FanCash to your Fanatics commerce FanCash, you will be able to spend FanCash earned either on bonus bets, clothing, or other options available through Fanatics. That means you can use FanCash on NFL, MLB, NBA, and NHL league shops, as well as numerous team shops.
You can check out all your purchasing options on Fanatics’ website.
FanCash vs. Other Rewards Programs
Fanatics FanCash has a wide range of uses, especially if you like to purchase clothes, accessories, and items for your home from Fanatics. But how does it compare to other sportsbook programs?
DraftKings Sportsbook uses promotions to help users accrue ‘Crowns.’ Crowns can be used as a way to get DK Dollars to use on wagers. Because DK allows for cross-platform usage of their Crowns in a similar vein as FanCash, Crowns can also be used in Daily Fantasy Sports entries on their DFS platform.
The conversion to DK Dollars and DFS contests is useful, but if you are not a DFS player, the Crowns have one purpose.
You also have to complete ‘Missions’ to gain crowns, so if an available mission is given to users, they must opt-in and complete the mission. Not every user wants to bet a specific way to gain rewards, which can be seen as a negative.
FanDuel Sportsbook does not have a rewards program but deserves mention as one of the top sportsbooks in America.
The recently acquired sportsbook has a rewards program where you can earn points based on bets placed.
- 1 reward point for every $5 fixed odds bet
- 1 reward point for every $1 parlay bet
Points are earned no matter if you win or lose, and you earn more points the more you wager. Bonus bets from rewards points do not earn additional points. This program more than likely has a shelf life assuming Fanatics converts PointsBet to Fanatics Sportsbooks.
BetRivers has one of the more involved rewards programs because you can earn loyalty points as well as rewards from iRush Rewards.
iRush Rewards is the BetRivers Casino point system that can be tied into your loyalty points.
Loyalty and bonus points are earned by placing wagers; the more you wager, the more you earn. The biggest negative with the BetRivers program is that points fall off after a certain amount of time. BetRivers also gauges your betting style and will give you points based on your ability to wager at a similar pace for a period of time.
Caesars Sportsbook has Reward and Tier credits. Reward credits can be used for bonus bets or free plays at any Caesars location. Tier credits are accrued throughout the calendar year and set you up for a specific tier within Caesars for the next calendar year. The more Tier credits you have, the better the perks at Caesars properties.
Reward credits can be earned as follows:
- Earn up to 10 Reward Credits for every $100 wagered on straight bets
- Earn up to 20 Reward Credits for every $100 wagered on parlays
You can also earn Reward credits on any casino game. When earning reward points in person, make sure to show your rewards card.
Tier credits are earned by showing your rewards card while doing anything on a Caesars property, including but not limited to gambling, shopping, and dining.
Caesars Rewards is great for Caesars enthusiasts and those who travel for wagertainment. Discounts on hotel rooms, dining, and gameplay is as good as it gets without saving on clothing, like at Fanatics.
MGM Rewards is a mirror image of Caesars. That’s not a knock because both have such large customer bases and have established strongholds in Las Vegas. The more you play, the more you get, including upgrading your Tier Status with MGM.
You have to opt in to start earning rewards. Rewards are easily accessible online and through the BetMGM and MGM Resorts apps.
FanCash has a distinct advantage because you can buy merchandise from a bevy of teams and leagues with FanCash. It fits more of what a casual sports bettor could take advantage of compared to travel expenses to a property (Caesars, MGM), strictly bonus bets (DraftKings), or being forced to wager often enough to keep accruing points at a specific pace (BetRivers).
FanCash should be popular with new and experienced bettors and could change the rewards landscape as we know it.