This page is dedicated to all your daily fantasy sports queries! Here, we explain what daily fantasy sports are all about. We give you advice on how to get started, tell you what you can expect in terms of winnings, highlight some of the best daily fantasy sports games to try and much more. If you’ve ever wondered about the thrilling world of daily fantasy sports, you’re in the right place!
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What is Daily Fantasy Sports?
Daily Fantasy sports offers a variety of sports fantasy contests that take place over the course of hours or days, instead of a full season. With daily fantasy sports, entrants do not have to wait till the end of the sports season to find out the winner of their chosen fantasy league.
With daily fantasy, there are no long-term commitments. Simply register your team before the start of a particular game, pay the required entry fee and depending on your position within your chosen league, you stand to win a variety of cash prizes. Top daily fantasy sports sites will likely have a variety of contests to choose from, across a variety of sports codes – football, baseball & basketball, to name a few. These contests will require a minimum buy-in as well as an entry fee.
How to get started with Daily Fantasy Sports
Getting started with daily fantasy sports is quite an easy process. Simply follow these steps and you’ll be ready in no time to take on all challengers!
Create an account
The first step is to select a daily fantasy sports site and register an account. When choosing a platform, it’s always best to go with an established industry name, such as Draft Kings. That way, you’ll be sure that proper processes are in place to ensure your safety and enjoyment.
Build your team
Once you’ve selected your preferred sports contest, you need to build or draft a team from the list of available players. You will be able to see each player’s stats and performance analysis, so you’re able to make informed decisions. Many leagues make use of a ‘salary cap system’ meaning that the combined value of your chosen players must be equal to or below a certain set amount.Building a fantasy team requires a lot of skill, as you need to be able to select the best squad possible within a given budget.
Pick your budget
Since daily fantasy sports are still seen as a form of gambling, it is important for participants to know their spending limits. Players should therefore take care to set a budget according to their financial position and stay within that budget. By doing this, players can enjoy all the thrills of daily fantasy sports without placing themselves in financial difficulties.
Learn the points system
Before you commit to a particular sports contest, make sure that you understand how the points are awarded. Each contest carries a points scoring system, based on characteristics unique to that sport. For example, basketball contests will usually award points based on points scored, rebounds, steals, assists and other statistics particular to the game of basketball. Daily fantasy sports players need to be aware of how the points system works for each game so that they can maximise their chances of winning.
Research and make the right predictions
While daily fantasy sports certainly contain a fair amount of luck, there is also a large amount of skill and preparation that goes into playing these games. To properly compete in a league or tournament, players need to do the necessary research before making any decisions. Daily fantasy sports sites contain tons of information related to all athletes. This includes performance stats, injury status, head-to-head stats and even information regarding current form. All of this info can assist players in making the right decisions regarding squad selection and squad changes. In life, as in daily fantasy sports, it pays to do your homework!
Win Real Cash Prizes with Daily Fantasy Sports
A big part of the fun of daily fantasy sports is the opportunity to win real cash rewards. Daily fantasy sports sites will host a variety of leagues, tournaments and live events, where players can compete against one another for the chance to score some major cash prizes.
In addition, most daily fantasy sports pages will also offer a host of bonuses, promotions and other incentives to keep players engaged and reward them for their continued loyalty.
Daily Fantasy Sports Payout Structure
So, how do daily fantasy sports sites payout? Well, every company has a set payout structure that they follow. While the structure may differ from site to site, most daily fantasy companies follow a similar pattern.
In the event of a one-on-one game, the payout structure is quite simple: the winner collects 100% of the allocated pot.
With multiplayer games, the payout depends heavily on the type of game being played:
- Winner Takes All: In a winner-take-all game, the victor takes 100% of the spoils.
- Top 3 players get paid: In this type of game, the top three players receive a percentage of the allocated pot. Naturally, first place receives the lion’s share.
- Multiplier Games: In a multiplier setting such as double up or triple up, a percentage of players will receive their entry fee back, multiplied by a specific factor. For example, if a game offers a 5x multiplier payout structure, the top 20% of the tournament entrants will all receive five times their entry fee back as winnings. The higher the multiplier, the smaller the percentage of winning entrants. With this structure, players do not have to actually win the game, they simply need to finish within the required percentage of winners.
- Progressive: A progressive payout structure is largely dependent on the number of entrants participating in a particular league or tournament. The larger the number of entrants, the smaller the percentage of the winning pot received by each qualifying winner. Depending on the entrant’s final position, they will win a percentage of the allocated pot. The lower your position, the smaller your percentage of winnings.
Are Daily Fantasy Sports Legal?
The simple answer is yes… And no.
While daily fantasy sports may be legal in many countries across the world, it is not allowed in every US state. At present, 43 states have legalised daily fantasy sports. If you are located in any one of these states, feel free to play today! The following seven states do not as yet allow daily fantasy sports: Montana, Arizona, Louisiana, Hawaii, Washington, Idaho and Nevada. It must be added, however, that several of these state legislatures are currently considering the legalisation of daily fantasy sports.
The ongoing debate surrounding the legalising of daily fantasy sports focuses on one question: is daily fantasy sports considered to be gambling? As mentioned earlier, there is certainly an element of chance involved in games. However, winning at daily fantasy sports relies more on the skill of the person playing the game, than it does on luck. Most states seem to agree with this view.
Which Sports Are Available in Daily Fantasy Sports?
Daily fantasy sports sites offer a wide variety of contests across different sporting codes. Here are some of the most common sport options available in daily fantasy sports:
- Fantasy football: Fantasy football allows you to build a team from a line-up of current NFL players and earn points as those players perform on game day.
- Fantasy basketball: With fantasy basketball, players can draft teams comprising of the top NBA players. Players score points with every bucket, rebound, assist, steal and much more.
- Fantasy Baseball: If you’re a baseball fan, this option is for you. With fantasy baseball, players can draft a line-up of pitchers and batters. Points are awarded across several categories, including RBI, hits and, of course, home runs.
- Fantasy Soccer: With fantasy soccer, players can select their ultimate squad of eight (salary cap permitting) and watch as they pass, dribble and shoot their way to victory. Clean sheets don’t hurt either.
- Fantasy Golf: Fantasy golf allows players to draft a line-up of golfers in a particular tournament and watch as they birdie and putt their way to maximum points.
- Fantasy NASCAR: If speed is your thing, then fantasy NASCAR might be for you. Select your driving line-up and earn points based on the driver’s real-life performance.
Are there any Daily Fantasy Sports Mobile Apps?
Drafting your daily fantasy team is serious business and changes often need to be made at the last second. As a result, players need the flexibility to be able to fix their lineup wherever they are. Mobile apps have become an indispensable tool for daily fantasy sports sites. Companies like DraftKings have gone out of their way to offer an app that is both visually appealing and incredibly user-friendly. The mobile app enables players to makes changes on the fly and also keep track of how their team is performing. Keep your squad in shape, wherever you go!
What are essential tips for playing Daily Fantasy Sports?
When it comes to playing daily fantasy sports, everyone has their theories and ideas for coming out on top. While we are certainly not looking to offer up such a strategy, we would like to propose some tips to help you stay competitive.
- Know the game inside-out: It is difficult to play a game that you don’t understand, let alone win it. Understanding the game is the first step towards winning at daily fantasy sports. If you want to play fantasy basketball, you need to fully understand the game of basketball. Make an effort to understand the fundamentals. Know the difference between man-to-man defence and zone defence. Understanding the game allows you to pick the right team for the right situation.
- How experienced is the team: Even in daily fantasy sports, the experience still counts. Choosing teams with a bunch of rookies is not likely to get tons of points. Experienced players know how to handle a variety of situations and are therefore less likely to make mistakes when the pressure is on.
- Current injuries on existing players: Injuries affect an athlete’s performance for the daily fantasy sports player, this means dropped points. It is important to keep up with any current injuries that your existing players are carrying. It is equally important to know the extent of these injuries. Will, the player still play? And if he does, to what extent will the injury affect his performance? It’s all very well having Odell Beckham Jr in your squad, but it doesn’t mean much if he’s not on the field.
- Game transfers: Late game changes are all part of the daily fantasy sports world. It may just happen that a particular player is scratched from the lineup less than an hour before kick-off. Be on the ball with your games transfers (or line-up edits). Have a backup option in place. Some games will allow for late-game swaps, so remember to make use of them when necessary.
- Historical track record of the team: Pay attention to what your players have been doing. Have their teams been performing like superstars, or are they in the middle of their worst season ever? Your player might be awesome, but if his stats are being dragged down by poor team performance, that will spell bad news for you. A mediocre player on a great team can often prove more valuable than a great player on a terrible team.
- Head-to-head results: In addition to following a team’s historical performance, you also need to pay attention to an athlete’s performance against certain opponents. The player may be great but might simply struggle against a particular defense or offense. Always check out the head-to-head stats. As great a player as Russell Wilson is, I’m probably not drafting him in my squad when he’s up against Aaron Donald and the Rams.