Fantasy sports: how to play it?
So, this is a game in which the player forms a team, which necessarily includes only active professional athletes. Game statistics of these athletes in
real life is collected and compared. The team leader, that is, the player, can make transfers and substitutions, manage the team so that it gains more
number of points.
Then, based on the results of real athletes, which is updated daily (hence the name), fantasy teams are assigned points. The player, who is also a conditional manager, whose “team” has the most points, wins the game.
Each player pays an entry fee, which raises the prize pool, and as a result, the winning player can become the owner of a million – and sometimes more – dollars.
Players follow the progress of their team through various websites and mobile applications.
Some join leagues of friends and thus
Compete only with people you know. Others join public leagues organized by websites and compete against strangers. Fantasy football, basketball or hockey leagues usually compete during
the same period as the actual sports leagues to which they are tied. Due to the fact that information on players is constantly updated, bookmakers open their
betting lines for such games. Millions of dollars of transactions are processed annually from thousands of players around the world who bet on NFL, MBA, NHL games and others.
Why do people play fantasy sports?
Statistics showed that the desire to play directly depends on the level of wealth. And in this case, everything works the other way around: it is more wealthy people who prefer
this kind of entertainment. According to statistics, 16% of people whose income was $50,000 or more play fantasy sports, while the number of players with an income of less than
$50,000 was only 10%. Annually, the spending of the inhabitants of the planet on this type of entertainment reaches $ 18 billion. For
in comparison, $140 billion is the total amount of bets on real sports, $70 billion is spent on lotteries.
If we talk about the United States, as the most progressive country in this regard, the law on liability for illegal online gambling, adopted by Congress in 2006,
emphasizes that this sport is allowed under federal law, as it is classified as an intellectual game, not gambling.
The only caveat is that players cannot bet on the result of one game or on the performance of one player. The states of Washington, Iowa and Arizona continue to ban this type of activity on their territory.
Fantasy Sports Platforms In recent years, two separate companies have emerged as the largest real money gaming platforms. These are DraftKings and FanDuel. Each of these companies daily
accepts thousands of dollars from DFS bettors. DraftKings and FanDuel pay over 90% of the amount they receive in prize money
to attract players. In addition, companies have achieved success in a short time by offering daily rather than seasonal games.
The range of proposed leagues includes the largest sporting events, such as the World Cup, the Europa and Champions League, the Ice Hockey World Championship, the KHL and NHL and others.
The industry of daily fantasy football, hockey, basketball is developing in a slightly different direction. Not so long ago, a group of companies created a completely new industry based on video games – daily fantasy esports. Added to the line of sites
CS:GO or League of Legends, Alphadraft and ESP.bet and others.
From history Fantasy sports have been around for much longer than you might think. sports journalist
Daniel Okrent created the world’s first fantasy baseball league in 1980, and the first rules for a similar football league were documented in 1984 in the Digest of
Fantasy Football 1984″ by Kane and Charpentier.
The idea continued to develop well into the 1990s, when USA Today launched a weekly column on the subject. In 1999, the Fantasy Sports Trade Association (FSTA) was formed. After that, things went much faster. Unlike the initial stage, today thousands of players play online fantasy sports, which, in turn, significantly increases both the size of the bets and the opportunities to earn money. In addition, DFS results are announced within a few hours, which
greatly simplifies the task of winning or losing a large amount of money in a very short period of time.