How do Daily Fantasy Sports work?

Before there was widespread sports betting in the US, there was a phenomenon known as fantasy sports. Fantasy sports are popular competitions that allow sports fans to test their sporting knowledge against other fans. This type of contest is common throughout the US, but in recent years, fantasy sports companies such as Draftkings and Fanduel have helped to take the humble fantasy sport contest to the next level.

Daily Fantasy Sports (DFS) are a particular form of fantasy sports that have established themselves in the US and around the world. In many ways, DFS sites were the forerunner to the sports betting explosion that has happened in the US since 2018.

The first DFS sites date back to the mid-2000s, although the ideas behind such contests had long been under discussion. They took off in a big way after 2013, and between that date and the legalization of sports betting in 2018, DFS were the dominant form of competitive fan interaction. DFS have become such an accepted part of the sports landscape that many leagues and franchises have established links with DFS operators.

Fantasy sports are classified as a game of skill rather than gambling under US federal law, which means they are not considered to be primarily based on chance. As a result, they are legal in most parts of the country, although there are some exceptions.

What is the attraction of DFS?

Simply said, the fundamental draw of daily fantasy sports is that they take place over very short periods of time. Contests in various sports, such as basketball and baseball, usually last no more than one day. Other daily fantasy sports, such as NFL football, last anywhere from a few days to a week.

Finally, daily fantasy sports are part of a quickly expanding sector that is expected to develop much more in the next years. It adds excitement to games that most people would not normally watch or care about. Furthermore, it provides participants with the opportunity to earn substantial sums of money via a skill-based game.

The beauty of DFS is that this form of interaction with sports can be adjusted to a wide range of different sports. As long as a sport has significant levels of statistics and measurable individual performances, it can be adapted to the DFS model.

How do DFS contests work?

In a nutshell, daily fantasy sports are a variety of events in which players compete against other players in an effort to earn the most points and finish ‘in the money’.

Typically, participants must choose a set number of athletes from a certain game or series of games held within a pre-determined time frame. Following that, these players will be awarded points based on their performance throughout the game.

For example, if you’re playing daily fantasy basketball, you could be required to choose eight players from two different games. To make matters even more challenging, you’ll almost always be given a salary limit to deal with. Due to the fact that various players cost different amounts to pick, you won’t be able to just choose the top players from each team.

The players you choose will be awarded points depending on statistics such as shots, rebounds, assists, steals, blocks and turnovers. The number of points you score will be compared to the number of points scored by others in your league at the conclusion of the game. You will win the main cash reward if you score the most points.

The difference between DFS and sports betting

While it could be argued that sports betting is also a game of skill, currently, there is a clear distinction between the two. DFS is more widely available than sports betting across the US, although as the number of states that permit sports betting increases, the gap is closing.

There has also been a crossover in that two of the most prominent DFS companies have also entered the sports betting sector. It is now possible to bet on sports and to play DFS contests through the same site.

Fundamentally, DFS contests differ significantly from sports betting markets. In fact, they have more in common with the sweepstakes, bracket contests and other informal sports competitions that are commonplace throughout the US. This significant difference is underlined by the fact that the DFS sector has continued to thrive throughout the last few months even as sports betting has spread across the US. It seems likely that DFS will continue to be popular with sports fans.

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