You’ve seen the ads on TV about Fantasy Sports during major sports games and heard them on the radio, offering thousands of dollars in prize money for minimal entry fees. Amid some controversy it’s growing by leaps and bounds. New York state jumped on the legal bandwagon just in time for the 2016 NFL season.
Instead of betting on the outcome
of a live sports team in hopes of winning, in the DFS games you select
individual players from several teams at playing positions that score points,
such as in football, (Quarterback, Wide Receiver, etc.), to make up your fantasy team. If your selections score
the most points, you win cash prizes.
Forbs magazine reported in 2014
that 32 million Americans were engaged in FS totaling $15 Billion
in entry fees. In 2015 over 56 million fans played. The prize amounts paid out
to winners are humongous. FanDuel, a
popular fantasy website, boasts $75 million paid in prize money every week in
the 2015 NFL season! There’s a wide choice of league structures to choose from
with entry fees ranging from $1 to $10,000. Another popular
website is DraftKings, which has
similar rules and prize pools.
Although these are
considered games of skill and has received an exemption from the 2006 Unlawful Internet Gambling Enforcement Act, Many
states consider it sports gambling and have banned it. However it’s gaining
popularity and a number of states are now allowing it to be regulated and
taxed. Daily Fantasy Football seems to be the most popular.
Log on to the site and register with a user name and password.
Go to the lobby and select the contest you wish to enter. There are many to choose from. Two examples are The Sunday Million, for a $25 entry fee the player who scores the most points wins $200 thousand from a prize pool of $2 million.
There’s also Sunday NFL Sling where a $5 entry can win $100 thousand. Total prize pool is $1 million. You can also enter a Head to Head contest and play against a single opponent for a winner take all competition.
Pick your players. From the Sunday line up of games. Select (1) Quarterback (2) Running Backs (3) Wide Receivers (1) Tight End (1) Kicker, and (1) complete defensive unit. You must stay under the posted $60,000 salary cap and pick players from at least three different teams and no more than four from the same team. (Except for the defense). You can evaluate player stats and other relevant information while selecting your players.
Review the scoring rules. Each time
your player(s) score points, there’s a conversion chart that shows you how many
points the actual score is worth in your contest. A few examples are (6) points
for each QB passing touchdown, (-1) point for each interception, (6) points for
each RB rushing touchdown, (5) points for each 50+ yards field goal, and (1)
point for each QB sack by your defensive unit. You can change your lineup right up to the first 1:00 PM kickoff.
Monitor the contest(s) on your phone, tablet or computer. When your fantasy players' score, you score.Track your points while watching.
Additional publications about fantasy sports, casino gaming, and other products can be found at Amazon. Click on the link(s) below to purchase.