Fantasy Sports Betting Online
Fantasy sports leagues have been popular around the world for many years. If you are not familiar with fantasy sports leagues, the concept is actually a rather simple one. It can be used in many different sports – including soccer, football and basketball – and it basically involves creating and managing a “fantasy” team of players of your choosing. Your team then scores points based on how the players you have selected perform in real games.
For example, if you were participating in a fantasy soccer league based on the English Premier League (EPL), you would have to pick a team of eleven players that all play in the EPL. You would normally be given a budget to spend on players, and all the players in the league would have a value assigned to them. The players you have selected would then earn points each time they play a game; for scoring goals, keeping clean sheets and making assists etc. At the end of the season, the fantasy teams with the highest cumulative points would win whatever prizes are on offer.
Best Fantasy Sports Sites
Fantasy sports are teams that are created and managed by you. You can create a fantasy team in any of the major sports, and then you compete against others in a league. Usually for prizes. Examples of sports that fantasy teams are made for include Football, Baseball, Basketball, Hockey, Golf, Soccer, MMA, Cricket, and all types of Racing.
What makes fantasy sports so much fun? Like sports betting, you have a vested interest in your fantasy team. In fantasy sports you earn points every time a situation or play comes up (in real life), or when a player does something like make a touchdown (in real life). The teams with the most points at the end of the season wins. So, you have a lot of control over how your team performs. And you feel it when something happens (good/bad) that affects how your fantasy team performs.
There is also a slight element of skill to fantasy sports. People who watch and follow sports religiously will have an edge compared to those who don't. You'll know what players to pick for your team and you'll be able to make weekly adjustments based on what you saw in the games you watched.
What Are Fantasy Sports Betting Leagues?
Daily fantasy sports betting is basically a way of betting on your own judgement of which sports players will perform. The principle is exactly the same as in a normal fantasy sports league – but you are placing bets for real money against others who are also selecting their fantasy teams. There are usually a variety of different options for fantasy sports betting – such as going head to head against a single player in a one off match, or betting on your fantasy team over the course of a season against several different players.
In head to head betting against a single player in a one off match, both you and one other player would each place a wager on your fantasy teams. The stakes can vary from just a few dollars all the way up to several hundred dollars. You would then each pick your fantasy team, based on the drafting rules of whichever fantasy sports betting site you were playing at. Once you have both chosen your team, it is then just a matter of seeing how your selected players do. If your fantasy team earns more points than your opponent, then you win the wager and your opponent’s stake. If your opponent’s team earns more points, then you lose. You can enter as many different matches as you want, even playing multiple games in one day if you like. Your winnings are earned instantly, so there is no waiting for a whole season to pass.
You can also bet on multiplayer matches – where you are up against several different players. Everything works in the same way; you all pick your teams and place a wager, and the winning team wins the money. Some matches will be winner takes all, while others might divide the prize pool up with top prize going to the winner and smaller prizes going to second and third place. The exact terms can vary across different matches. Multiplayer matches can be harder to win than playing against a single opponent – but it is a chance to win larger sums of money.
Is Real Money Fantasy Sports Betting Legal?
Fantasy sports betting is popular for a number of reasons. For sports fanatics, it is a chance to win money by using real judgment and knowledge in putting a fantasy team together. For those that are really knowledgeable about sport, it can offer a much better chance of winning money than traditional sports betting. Perhaps the biggest reason for the popularity of fantasy sports betting, though, is the fact that it is considered 100% legal.
Even yahoo runs a fantasy sports league with real money entry fees and prizes.
In many parts of the world, there is a degree of uncertainty surrounding the legality of sports betting online is - but in the United States for example it is 100% legal and users can even use Paypal to participate in real money fantasy sports leagues. Fantasy sports betting is considered a game of skill and as such is exempt from many of the laws that apply to some other forms of online gambling. This means it is much easier to find fantasy sports betting sites to sign up at, and there are fewer complications in terms of processing deposits and withdrawals.
Learn about fantasy football betting with our introduction guide for beginners.