How Do Daily Fantasy Sports Work At Online Casinos?
Like pokies fantasy sports is also a popular game to play at online casinos. It’s not difficult to learn how to play daily fantasy sports even if you’ve never played fantasy sports at all, as the fundamental principle is very straightforward. The idea is that you create a “fantasy team” by picking from a pool of real players, subject to various rules about how much you can spend and which positions you must select. Your fantasy team then earns points based on how the actual players perform in real games.
Regular fantasy sports leagues typically last an entire season and are played by groups of friends or colleagues. Daily fantasy sports contests, however, take place over a single round of games and are played online at specialist sites. Anyone can join these sites, known as daily fantasy sports sites, and pay money to enter any contests they wish to take part in. All the entry fees paid by players taking part in a contest go towards a prize pool, which is then paid out to the winner(s) of that contest.
What are the available sports to play at online casinos?
The sports that are most widely available in this format are Baseball, Basketball, Football and Hockey. You’ll find these games at most daily fantasy sports sites, but they’re not the only ones available. Some sites offer different sports too and have contests for people who love golf, mixed martial arts, NASCAR and soccer.
Most sites offer both professional and college football and basketball, and this presents an opportunity. Sports fans are generally more knowledgeable about what’s going on in the NFL and the NBA than they are the college football and basketball games. If you really know your college sports, you can get an edge over the players who don’t.
Types of Contests for Daily Fantasy Sports
There are several different contests available on daily fantasy sports sites; although most of them can be broadly categorized into two specific types: Cash Games and Tournaments.
You’ll find all kinds of subcategories and niches within these two broad types of contests; although you don’t need to worry about that for now. You just need to understand the basics of how cash games and tournaments work.
1. Cash Games
The most common form of cash games is 50/the 50s and head-to-head. In both of these contests; you have a 50% chance of winning money; although this doesn’t take into account your skill levels and the skill levels of your opponents. In a 50/50 contest, all the entrants with scores in the top 50% receive an equal payout. If ten players enter a 50/50, for example, then the prize pool is split between the five players who have the highest scores.
A head-to-head, which is typically referred to as an H2H, is basically just a 50/50 contest with only two entrants. The player with the highest score out of the two wins the prize pool.
Tournaments are contests that generally feature more entrants, with only the top few players getting prizes. A tournament with 100 entrants, for example, might award prizes to the top fifteen players. The first-place finisher would get the largest share of the prize pool; the second-place finisher would get a lower share, the third-placed finisher an even lower share, and so on.
The strategy required for tournaments is very different from the strategy required for cash games. To win first, second, or third place in a large field of competitors; requires a different drafting strategy than just trying to land in the top 50% of the field.
First Join a Daily Fantasy Sports Site that accepts Australian players.
Once you’ve chosen a site, you then need to open an account with them like a casino. This involves simply providing a few pieces of information such as your name, address, telephone number and e-mail address. You’ll have to choose a username and password as well. With an open account, you’ll be ready to make a deposit and start playing.
Make a Deposit
Next, make a deposit. This can be a challenge in some parts of the world, especially the United States. There are no such problems at daily fantasy sports sites though. Most of them accept PayPal and major credit cards like Visa and MasterCard, and it’s a simple matter of entering the relevant payment details and choosing how much to deposit.
Something to look out for when making an initial deposit at a site is any signup bonus that might be available. Most sites incentivize new sign-ups by offering a matching bonus of some kind. For example, depositing $600 might earn a $600 bonus. This bonus money doesn’t get credited to your account immediately though, it’s released over time by participating in contests. The rate at which a bonus is released varies by site.
Now enter a contest. Entry fees for contests can be as low as a dollar and as high as $10,000. Of course, the prize pools for these contests are made up of entry fees, so the higher the buy-in, the more prize money. If you’re just getting started, stick with the lower buy-in contests until you get a feel for how everything works.
Now Draft Your Team/Roster as once you’ve signed up for a contest, you’ll be taken to a page listing all the available players. You now have to draft your team/roster from these players. The interface for selecting players is quick and intuitive at all the major sites. There’s usually an option to sort players by position or by cost, and position and cost are both important things to consider.
There will be requirements for certain positions that have to be filled when drafting a team. In a fantasy football contest, for example, you’ll need a quarterback, two running backs and probably three wide receivers.
You’ll also need to include a tight end and a kicker, and you’ll have to draft defence. In some cases there might be a flex or utility position, where you can pick up an extra running back, wide receiver, or tight end. The exact position requirements vary depending on the site being used and the relevant sport, but there will always be specific rules to adhere to.
Know about Money Cap
There will also be a money cap, so you’ll only be able to spend a certain amount on drafting players. Again, the size of the cap will depend on the site and the sport. Your job is to get the best value for your “dollar” when drafting players.
Finally, Check the Results as once the draft is complete, it’s then just a matter of waiting until all the relevant games have been played. You can then log in to your account to check the results of the contest you entered and see how you did. Any prize money won will automatically be added to your account.
If you’re considering getting started in daily fantasy sports then you’re probably already familiar with traditional fantasy sports leagues. These have been around for a long time now, and they have always been very popular.
If you haven’t played in fantasy sports leagues before, as it’s not a requirement for playing daily fantasy sports. If you have, though, you shouldn’t assume that daily fantasy sports are going to be easy, even if you’re a great player in season-long leagues. Such an assumption might lead to frustration if it turns out that your experience doesn’t translate into instant success when playing daily fantasy sports.
The Prizes to Win
A lot of season-long fantasy football leagues are played just for bragging rights. You won’t find many – if any – daily contests played for bragging rights. They are all played for real money, so these are the contests for you if you want to try to make a profit from your sports knowledge.
Daily fantasy sports have an advantage even over season-long leagues that are played for money; they offer quick payouts. So you can choose to wait an entire season for a shot at the prize pool when the chances of winning may not be that great or would you rather wait 24 to 72 hours for a 50/50 shot at the prize pool.
Many daily fantasy Contests
If you chose the latter, there are plenty of daily fantasy contests that fit the bill. If you prefer going after larger prize pools and are happy with a smaller chance of winning, there are those kinds of tournaments available too. You can still get the big prize in a day or two instead of waiting for two or three months.
A season-long fantasy sports league can be a huge time commitment, especially for a sport like baseball where you have to set a roster every day. Even a season of fantasy football requires a good bit of management, such as dealing with injuries, trade offers, and free agents. Plenty of folks give up on their fantasy leagues purely because of the time they have to spend on them.
With daily contests, you only need enough time to draft a team and to log in later to view the results. That’s a huge selling point. If you don’t have much time available in any particular week, you can still probably fit in a contest or two. If you’re completely swamped and have no free time at all, you can just not play at all. It’s not like a season-long league where taking a week or two off could harm your chances.
There is always a chance to lose money
Finally, remember that Daily fantasy sports might not be considered a form of gambling in the traditional sense, but it still involves risk. It doesn’t matter how good you are at drafting a team, or how good your sports knowledge is, there is always a chance that you’re going to lose some money.
This doesn’t have to be a problem, as long as you always remain in control and don’t spend money that you can’t afford to lose. If you’re just playing for fun, make sure that it stays fun. (With inputs from news sources)