Welcome to the new and growing world of Daily fantasy sports. I’m going to try my best to break down how the game works and explain the different types of games offered.
The most important thing to know about Daily fantasy sports is that it is all completely legal! Unlike the early 2000’s when online poker was booming, DFS runs everything by the book. None of the sites are ran off shores and all the sites us PayPal to transfer money (or you can recieve a check if you don’t have PayPal).
So the majority of games are salary cap games. Meaning that you have X amount to build your team. You need to fill out your team without going over the salary cap. Players are very similar to stocks as a player’s price will fluctuate based on their performance on the field. Top rated players will cost more and you will have to find cheaper players to fill the other spots on your roster.
One of the most common questions is “can your opponent(s) have the same player as you.” The answer is yes, they just wash each other out. Next to a player’s name is the percentage of people who own this player. This is crucial because if a player is highly owned you want to pay attention to how they do if you don’t have them on your team.
Some sites offer Pick em’s and it’s just like it sounds. You have a certain amount of tiers and you simply pick the player in that tier that you like the best. A few sites also offer snake drafts which are very familiar if you play season-long fantasy sports.
TYPES OF GAMES OFFERED
So when you create your account and go to the lobby, you will find different types of games offered. Here is a brief explanation of the games.
50/50 or Double ups (DU) are the most popular and for a good reason. They have the highest odds of winning. All you have to do is be in the top 50% and you double your entry. The prize is exactly the same regardless of where you place. 1st receives the same as 50th in a 100 man league. Every site makes money off what is called a rake. It’s important to know how these leagues pay. 50/50 will pay 50% of the field but pay you $8 when you risked $10. Double ups will have 112 entries and pay the top 50 spots. So 44% get paid but you get $10 on the $10 you risked.
Tournaments are pretty self explanatory. The higher you place the more you earn. It is crucial that you understand whether or not the tournament you enter is multi or single entry. There is typically an “M” logo next to the game indicating that it’s multi entry. You can enter multiple teams in multi entry and some of the sharks will enter up to 100 different teams (which is typically the max) into the bigger tournaments. There are championships that pay up to a million dollars for every sport. There are plenty of qualifier events to win an entry if you don’t want to pay the standard 200 dollar entry fee. Some of the championships require that you actually win a qualifier in order to play in them.
Games range from free and go up to ten thousand dollars an entry.Chris Reilly
The other crucial thing to understand is if the money is guaranteed. This means that the game will run regardless to how many people sign up. There have been games where the site hosting the game have lost money because not enough people signed up to cover the prizes. The more involved you become with daily fantasy the more you start hearing the term GPP thrown around. This stands for Guaranteed Prize Pool. You will see a lot of DU or 50/50 guaranteed and only ¾ filled up. This is great as a player because it boost your odds of winning. Take advantage, typically there is a G next to the game representing guaranteed or the games will have their own tab in the lobby.
Leagues are just like sit and goes in poker. Leagues can range from three teams to a hundred teams. Every league pays according to the size and these games are not guaranteed. So if only 9 people sign up for a 10 man league the game will not run and you will be refunded your entry fee.
Give It a Try
You will find that most of the sites are really easy to navigate through and you can find the type of game you like within your budget. Games range from free and go up to ten thousand dollars an entry. I hope you found this helpful when you log in and start searching for games.