FanDuel Reaches Agreement With ‘The Basketball Tournament’

The Basketball Tournament (TBT) is set to tip off this weekend, and they recently announced a partnership with FanDuel. FanDuel will be the official betting partner of The Basketball Tournament as well as the daily fantasy sports partner.

TBT is a national tournament that is normally made up of 64 teams, in a setting that is typical to the NCAA Tournament. The field has been shortened to just 24 teams this year, with all games taking place in Columbus, Ohio.

The teams are playing for a share of a $2 million prize pool, and teams from all over the country are set to compete. Teams have to apply to join the tournament, and they need a certain number of fans before they are considered for the event.

This is the seventh year of TBT, and almost all of the games will be aired on ESPN. This year, betting will be involved as sportsbooks have been searching for live sports to take wagers on.

FanDuel is set to offer several traditional basketball events for each game of the tournament, as well as DFS offerings. The DFS contests will look very similar to what it would look like during the NBA season.

As part of the agreement, TBT will feature signage from the sports betting company inside of the arena. FanDuel will promote the tournament across its several platforms, which should create some extra excitement around the event.

Plenty of Familiar Faces in Tournament

Last year, there were 59 competitors in the TBT that had previous NBA experience, and many bettors will recognize several players in the field. Teams are made up of former stars from some of the top colleges and universities around the country.

The rules of the tournament are similar to what takes place in the NCAA, but there are a few NBA and international rules mixed in as well. Bettors will likely have to spend some time studying the rules before placing any bets on the games.

Games are played in nine-minute quarters, making the games slightly shorter than a regulation NCAA game. Players are allowed six fouls per game, which is the same rule that applies to both NBA and international competition.

One of the biggest rule changes is what is known as the “Elam Ending.” This rule was introduced by The Basketball Tournament, and it has generated plenty of excitement since being introduced.

The 2020 NBA All-Star Game also adopted the “Elam Ending,” giving most sports fans their first real look at the new rule. With this rule, the clock is turned off midway through the fourth quarter, and a target score is set.

Once the target score is set, both teams are playing to that certain number, and the first team that gets there wins the matchup. This can affect over/under type bets, as it’s hard to predict what the target score is going to be.

Betting Odds to Win Tournament

Since reaching the agreement with The Basketball Tournament, FanDuel has come out with their betting odds to win the tournament. Carmen’s Crew is the reigning champion of the tournament, but they are currently listed as the second favorite to win it all.

Here are some of the top teams in terms of betting odds to win The Basketball Tournament. For a complete list of teams, visit FanDuel Sportsbook.

  • Overseas Elite +200
  • Carmen’s Crew +390
  • Golden Eagles +600
  • Boeheim’s Army +700
  • Eberlein Drive +1300
  • The Money Team +1300
  • Challenge ALS +1600
  • Red Scare +1600
  • Team Hines +2300
  • Brotherly Love +3000
  • Big X +3500
  • Heartfire +3500
  • All Other Teams +4200 or Higher

Logan is based in Los Angeles and is an avid poker player having played in tournaments across the globe. He covers both poker & regulatory affairs.