Fantasy sports betting is a great way to add extra excitement to your normal fantasy pools. The best thing about fantasy sports betting is that it is completely legal in the US and Canada. If you’re tired of looking for decent US-friendly sportsbooks, fantasy sports betting is a great alternative to traditional sports betting.
Traditional casino gambling sites do not offer fantasy sports betting, but I do know of at least one high quality fantasy betting site. There are still elements of luck in fantasy sports betting, but your success is based on your ability to create the best teams with a limited amount of virtual money. The better you are at balancing strong teams, the more money you make with fantasy sports betting.
How Fantasy Sports Betting Works
Fantasy sports betting websites offer a variety of betting options. You can go head-to-head against a single person or compete for larger prizes in multiplayer competitions. Let’s use a head-to-head football match as an example to show how fantasy sports betting works.
The first thing you do is choose a matchup in the sports betting lobby. These matchups are listed at a variety of stakes. You can wager for as little as $5 or as much as several hundred dollars. After you are matched with someone, you can then pick your ultimate team. You will be given a virtual salary cap that you can use to buy your players.
After you and your opponent finishing picking your teams, the only thing you have to do is watch football and hope for the best. Your team will receive points based on how those players actually perform in real life. So if one of your picks is Eric Decker, for example, you’ll get points for every ball he catches and every touchdown he makes.
If your team scores more points in total than your opponent’s team, you will win the match and your opponent’s money. There is nothing else you have to do. You can cash your winnings out or continue playing against other people.
Is fantasy sports betting legal?
Yes, fantasy sports betting is completely legal in the USA and Canada. Even though it shares many similarities with traditional sports betting, fantasy sports betting relies on enough skill to not be classified as gambling. The government has no problem with fantasy sports betting because it is considered a contest of skill.
The legal status of fantasy sports betting is a major advantage because it means your betting sites are located on US shores. This means you’ll get faster payouts and a safer experience. On top of that, you can use big-name services like PayPal to deposit and withdraw your money.
Best Fantasy Sports Betting Sites
I’m not very involved in the fantasy sports betting industry, but I do know of one very popular fantasy sports betting site:
FanDuel.com is a big site with a lot of active members. There are always people online and ready to battle it out. The site claims to process more than $500,000 cashouts every week, with a total of $10,000,000 in cashouts since the beginning.