- How To Bet On Fantasy Football
- Bet Money On Fantasy Football 2020
- Can You Bet Money On Fantasy Football
- Fantasy Football Bet Ideas
The opportunity for interested parties to play fantasy sports is at an all-time high. But even still, there is room for growth. Piggybacking off of two prime platforms, BettingOnFantasySports.com reveals what they are, how they are implemented, and how prospective fantasy players are able to use them. While sports wagering remains extremely popular, the idea of wagering on fantasy sports is appealing because it's something that is different.
The concept isn't brand new though as there have been many successful websites that pay out account holders millions of dollars every month. The word is out about fantasy sites and the reviews have been nothing but positive.
Fantasy Football Money Leagues. Online Fantasy Football Leagues For Money. Live Online Drafts. Top Payouts, Cash Prizes, FREE Mock Drafts. Fantasy football has two formats, you can bet daily fantasy football which takes place daily or weekly, or take part in a season-long contest. In online football fantasy betting, you will need to pick best five players from two teams matching up against each other. Usually, this is.
Is It Legal To Bet Real Money On Fantasy Sports?
How To Bet On Fantasy Football
The concept of placing a wager on fantasy sports obviously begs the question over the legality of the issue because of the fact that sports gambling is very limited in the United States. In fact when it comes to online sports betting sites, bettors have to branch out to offshore sportsbooks located outside of the United States. However, those same federal laws that govern sports betting are the direct reason that betting real money on fantasy sports is legal.
Within the Unlawful Internet Gambling Enforcement Act, Federal Wire Act, and the Professional and Amateur Sports Protection Act, fantasy sports are excluded from the term 'gambling'. This means that sites can operate in the U.S. legally, and those who are interested in playing fantasy sports online for money can do so without having to worry about breaking any sort of federal or state laws.
How Does Fantasy Betting Work?
At its core, betting on fantasy sports really is quite simple. Certainly there are a lot of numbers, statistics, and research that can be done in order for a team owner to try and formulate the best team possible. But at the end of the day, betting on fantasy sports simply means placing a wager on the team you've created to go up against other teams.
There are several ways in which this can be done however. There are traditional fantasy leagues, and there are daily and weekly fantasy betting leagues. Traditional fantasy leagues operate under a draft where players selected belong to that team for the season. The money that can be won through this type of fantasy sports league comes at the end of the season, where cash and prizes can be awarded to the winner(s).
Daily and weekly fantasy sites operate on a different platform. The philosophy of these sites centers on no regular draft and no season-long team in which players are tied to owners for the duration. Rather, daily leagues allow fantasy players to select a team for that day and enter into tournaments and leagues to try and win money. The tournament lasts just for that day, with money disbursed according to how the rules were set up. There is no requirement for how many tournaments can be entered; players are free to do as they choose. The bet is placed through a tournament entry fee where there can be as little as two teams, or up to several thousand. With that, comes a huge disparity in what players can win. It's all up to how they want to play their teams. Another important point to make is that every team formed for a tournament can be different as well. A player that is selected to be on a team is still open for every other user to select as well.
The form of sports betting most similar to fantasy betting comes in the area of player prop betting. Essentially gambling on fantasy sports involves placing money on the performance of players indirectly to add up to a score. Player prop odds place a direct bet on a player's performance for a game, whether for yardage, touchdowns, or a number of other categories. Fantasy betting could be derived from player prop wagering.
Where Can I Gamble On Fantasy Sports Online?
There are many websites dedicated to fantasy sports betting where users can create an account, formulate a team, and play for a desired amount. Both traditional draft leagues and betting sites have this opportunity; the forum is the only difference.
Potential fantasy team owners looking for a wide range of daily and weekly leagues will do themselves justice by visiting FanDuel. This site provides a user-friendly atmosphere in a well-organized system of fantasy betting comprised of daily and weekly wagering opportunities. There are four different betting arenas that FanDuel features. They are leagues, tournaments, head-to-head, and 50/50 where half of the field entered wins. There are plenty of chances to win real money at FanDuel, and not just fantasy betting on the NFL either.
There are six total sports that FanDuel currently has available for their account holders to try fantasy betting. The site pays out several million dollars a month to its users. We definitely recommend that you visit FanDuel, create an account, and give it a shot.
Hundreds of player prop betting odds can be found at Bovada Sportsbook at any one time, making for one of most extensive selections offered of any online sportsbook in the world. Bovada is not a fantasy betting site, it is an online sportsbook. But, it's a sportsbook that gives users the chance to wager on a multitude of players covering statistical performances within their matchups.
Bovada accepts a couple of different types of wagers for player props. Straight bets are the most common, where one wager is made for a single outcome. But parlays are also quite popular at Bovada Sportsbook too. These wagers can link different player props together for a high payout. You'll be hard-pressed to find a better selection + range of options associated with player props than you will at Bovada!
While there are many traditional league fantasy websites around, one of them has separated itself from the pack through options, service, and quality. There are plenty of different fantasy opportunities available at CBSSports.com. This is a great traditional site that allows for drafts to take place, teams to be selected, and even the chance to play for big cash and prizes. Leagues get the opportunity to play for free, or can purchase prize packages that they compete for and award to the winners at the end of the season.
Exactly how good is the software behind CBS Fantasy Sports? The NFL fantasy football used to be the software behind the official NFL fantasy on the league site. CBS is rated as the top fantasy football site, but is regarded very well among other leagues that they offer as well.
More About Betting Money On Fantasy Sports
Let's check out some other important information about betting sites for fantasy sports. Most notably, what sports are commonly available, how much you can expect to spend and win, and creating your account to get the ball rolling.
Fantasy Sports Available To Bet
Not every fantasy site will have the same sports available, so it's important to check out a few different sites if you've got a particular sport or league in mind. Obviously the biggest fantasy sport out there is football and the NFL. But there are many more opportunities to try out. Fantasy baseball is very popular, as is the NBA, and even the PGA Tour. Both traditional and fantasy betting sites will be made up of different options to play.
How Much Does It Cost?
This part is very unique, because both the sites and the fantasy players have a role. First off, it can be completely free if players do not want to bet real money. There are many free leagues that can be joined at traditional sites and daily sites. But if you are interested in playing fantasy sports for money, there can be league costs and a charge for cash and prizes at traditional sites. With daily sites, it's left up to the account holder. They can play for small entry fees, large entry fees, in 50 leagues, or in 2 leagues.
How Much Can I Win?
With a traditional league, the parameters are installed prior to the draft where the amount that can be won is known. For a daily site, there is no limit because the leagues are continuous an ever-changing. Players are able to create teams for as many leagues as they want. This means that payouts can vary greatly depending on the type of player.
Getting Started Betting On Fantasy Sports
If you've decided that fantasy sports gambling is something that interests you and you want to know how to get started, follow these simple steps below. The good news is that it's not complicated to get things going, and within minutes you can be set up at both types of sites.
An account registration is required for a traditional league site and a daily tournament site. The information needed could differ from site to site, but there will be a general process for opening up as a new user.
If you are playing for money, then the next step would be to fund an account. At daily fantasy betting sites there will be a list of accepted funding options. Major credit cards are generally accepted, as is PayPal. For traditional leagues, the expenses can be a startup cost for the league, or a purchase of a prize package for the season.
After your account is created and funded, it's time to play the fantasy sport you've registered for. At a daily site, that can be a number of different sports because your account gives you access to every type of sport available.
For those that win, traditional leagues will payout the prizes that were established at the start of the league. Getting paid out through the daily site will be specific to the withdrawal methods there. Most come in the form of a check, or an electronic payout through PayPal.
How much money can you make playing fantasy football? Millions, if you believe the ads, the hype and the breakout success stories. You can also make millions playing basketball or starting a software company, but most people don’t.
Fantasy football has gone from a fun pastime with friends to a multi-billion dollar industry. An estimated 41 million people play fantasy football in 2015. They’ll vie for a projected $3 billion in prizes. As exciting as it is, the odds of making millions or even hundreds of thousands playing fantasy football are very, very, very slight.
Breakout Stories and Fan Drool
Stories of people making $100,000 from fantasy football, or even millions of dollars, are everywhere. The problem with stories like that is they don’t tell the real story, any more than just studying the life stories of Tom Brady and LeBron James will give an accurate picture of what happens when you play sports.
Most People Lose Money On Fantasy Football
85% of fantasy football players are likely to lose money. The chart below shows how the daily fantasy sports money brackets break down. 1% make 91% of the profits, with only a tiny fraction of a percent making over six figures. Another 14% make beer money, and a king sized 85% lose money on the game.
1% Make 91% of the Money
The sad truth about fantasy football is, 1% of the players get 91% of the money. That’s based on data by statisticians at Sports Business Daily. They got their figures by digging into Major League Baseball Daily Fantasy Sports, but the numbers generally hold for Fantasy Football money too.
To drill down a little deeper, 11 people in the league took the lion’s share of the money, earning $135,000 each in the first half of the 2015 season. That should be a big red flag to anyone who thinks they’re going to make $100,000 or more playing fantasy football. With 1.5 million people in the league, that’s a 1 in 136,363 chance of making over $100,000 a year at Fantasy Football. Let’s put that in perspective, shall we?
Also see: How Much Do the Top Ten Youtubers Make?
Odds of Making Over $100,000 from Fantasy Football
Comparing the odds of making over $100,000 a year at fantasy football to a few red letter events gives us some perspective. Check out the table below for about 1,000 CCs of perspective, straight to the femoral artery.
| Odds of Making Money at Fantasy Football | Odds | Compared to FF |
|---|---|---|
| Odds of winning $135,000 at fantasy sports | 1 in 136,363 | N/A |
| Odds of being struck by lightning | 1 in 3,000 | 45 times more likely |
| Odds of becoming a pro athelete | 1 in 22,000 | 6 times more likely |
| Odds of dating a supermodel | 1 in 88,000 | Twice as likely |
You Have a Bigger Chance of Becoming a Real Pro Athlete
Here’s the shocker of the year: You have a greater chance of becoming an actual, real live professional athlete than you do of making over $100,000 a year playing fantasy football.
As the table above shows, the odds of any one person making over $100,000 at fantasy football are one in 136,363. The odds of becoming an actual pro athlete are 1 in 22,000. That means its six times more likely you’ll actually go pro than go fantasy pro. By that logic, there might be a few real pros out there fantasizing about making it in the fantasy leagues.
While we’re talking unlikely events, the odds of being struck by lightning are only one in 3,000. That means it’s 45 times more likely you’ll get the old unexpected Zeus boost than cash in big on fantasy football. Odds of dating a supermodel? One in 88,000. That’s still twice as likely as making a lot of money playing fantasy football.
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Most Don’t Make Money on Fantasy Football
Only the top .0007% can expect to make over $100,000 in a season of daily fantasy sports. The rest of the top 1% don’t even do that well. They pull in only $2,400 in profits. While that’s not just hot dogs ‘n’ beer money, it’s certainly not a living wage.
14% Make beer money playing fantasy football. Their expected profit is less than $50 per season. A further 85% lose money. The good news is, for 80%, all they lose is their entry fees. That adds up to an average of $160 in losses per season. Another 5% are high rollers who stake big money and lose it. They can and do lose an average of $9,400 per season.
The table below shows how the number break down.
Also see: Tom Brady Net Worth
Where Fantasy Football Players Make Big Money
A very tiny percentage of Fantasy football players make over $100,000 a year. Those players usually aren’t playing in their office league. The very small number of high dollar earners make their money on sites like FanDuel.com and DraftKings.com.
DraftKings boasts a guaranteed $1 billion in prizes to be won in 2015 and FanDuel advertises an expected $2 billion in payouts.
Why 85% of Fantasy Football Players Lose Money
Most fantasy football players won’t earn millions or even hundreds of thousands of dollars for the same reason the game it’s not technically gambling. Namely, it takes a lot of skill. Any contest that combines a high skill level with a lot of potential money will draw in highly skilled competitors who feed on the rest.
Straight up gambling, like poker, involves a high mix of luck and skill. Amateur John Dibella won a tidy $1.8 million dollar poker championship in 2012. We won’t see amateurs taking home big pots in fantasy football, any more than we’ll see amateur chess players winning tournaments or amateur boxers taking out Floyd Mayweather. That kind of thing only happens on the silver screen for a reason: in reality, games of skill are won by the skilled.
Bet Money On Fantasy Football 2020
Beyond Skill: Automation in the Fantasy Football Money Game
The reason only a very few at the top of the fantasy football game are pulling down the big money paydays goes beyond mere skill. The big earning sharks have quite simply turned it into a job. Top earners reportedly spend 40 to 90 hours a week “playing” fantasy football. They enter hundreds of contests per day. The top-ranked fantasy sports player according to fantasy sports stats site Rotogrinders.com has a math degree from Amherst College and a professional background in data science.
Top players also use software to crunch stats, leaving mere mortals struggling to keep up. There are programs that change lineups in real time and even the now banned FanDuel Fish Finder. That program lets sharks identify weaker players to strip clean.
Also see: LeBron James Net Worth
Fantasy Football Site Execs Say the Money is Real
After all the above criticisms leveled at fantasy football’s mirage of big money, it’s only fair to let the companies themselves have a say. Execs aren’t blind to the dominance of a few sharks in the fantasy football arena. The companies are trying out ways to make fantasy football feel more winnable. They now limit the number of entries and cap big tournaments at 500 or 1,000 entries. They’ve also created rookie games open only to players without hundreds of contests under their belts.
Execs at both FanDuel and Draft Kings point out that drawing conclusions about fantasy football from fantasy baseball don’t hold up. For one thing, they claim baseball has more sharks than football. Why that would be true when the money and skill levels are similar is anyone’s guess. They also say drawing conclusions from half a season of data causes inaccuracies.
The Smart Money in Fantasy Football: Start Small
Can You Bet Money On Fantasy Football
Top earning pros say starting small is the best way to get into fantasy football. Do it for fun. Risk $75 or $100 and see how you do. If you’re consistently earning money and winning, take it up a notch or two. The big takeaway is that it’s not a path to easy money. The people who earn high dollars at fantasy football are risking big money, they’re working long hours and they’re experts at statistical analysis. Everyone else is just a fish waiting to be shark food.
Fantasy Football Bet Ideas
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