At this point, FanDuel might be hoping lightning doesn’t strike twice.
Ahead of the second major golf tournament of the year, set for May 16-19 at Bethpage Black Course in New York, FanDuel re-introduced a promotion centered around Tiger Woods. The promo, dubbed “Big Cat Cash Back,” allows all entrants of its PGA Big Cat Eagle or PGA Big Cat Stinger contests to receive a refund of their entry fees should Woods win the PGA Championship.
More than a month since Woods elated the world by capturing the green jacket, FanDuel essentially doubles down on the field despite Tiger currently sitting as the favorite to win at Bethpage.
Cash in on Tiger’s rise
In case you’ve been locked away in a Harry Potter closet under the stairs, Tiger is back. His Masters win moved his total PGA Tour victories to 81 (one behind Slammin’ Sammy Snead) and his majors wins to 15(three behind the Golden Bear himself, Jack Nicklaus).
Woods can make more waves with his fifth victory at the PGA Championship, a total he reached at Augusta just last month.
Registered FanDuel users can enter one of two contests, PGA Big Cat Eagle or PGA Big Cat Stinger, using the company’s website or mobile app.
Should Tiger win (again), users will receive their entry fees for each contest ($15 for Big Cat Eagle, $3 for Big Cat Stinger). But that’s just the bonus. Each contest has its own grip of payouts for finishing first in each contest.
Tee it up with FanDuel Big Cat contests
While the Tiger insurance provides a nice safety net, cash prizes abound for either contest.
Both require participants to build a six-player lineup. Users have a set salary cap, however, so rather than drafting the top six players in the world, participants must be thrifty.
Certain feats during the tournament earn points. An eagle, for example, nets seven points, and birdies earn 3.1 points a pop. Higher finishes once the tournament concludes also lead to better team scoring.
At tourney’s end, the highest-scoring entrant reaps the rewards.
PGA Big Cat Eagle
PGA Big Cat Stinger
The top 8,900 finishers in Big Cat Eagle receive prizes, as do the top 8,730 players in Big Cat Stinger.
FanDuel hopes history doesn’t repeat itself
Tiger captivated the world at the Masters last month. It was his first win in a major tournament in 11 years, sparking debate as to whether his is the greatest comeback story in sports.
All participants in its $1 Million Mega Eagle daily fantasy contest got their money back whether Tiger was in their lineup or not. All told, more than $1 million in promotional entry fees were refunded. (That came on top of over $1 million in winning prize payouts at FanDuel Sportsbook.)
“The Tiger effect is real,” Mike Raffesnperger, CMO for FanDuel Group, said at the time. “Tiger’s historic win today has cemented him as one of the most iconic figures in sports and we congratulate him on his tremendous achievement. We’re even happier for our customers who today have over three million reasons to believe there are more ways to win on FanDuel!”
Tiger stood at +1100 (11/1) odds to win the PGA Championship at FanDuel Sportsbook as of Monday. Dustin Johnson also sits at +1100 to win the tournament.