Getting You Started with Fantasy Betting

There are many hardcore sports devotees who are good with sports facts and their numbers aching to try out fantasy betting. After all, with a nice grasp on sports statistics and handicapping it should be easy to win, right? Oddsmakers set betting lines based on what the uninformed betting public knows. How hard can it be to pick winners better than the betting public?

Sadly, getting a positive outcome in sports betting is not that easy. All it takes is one person who is a lot better informed than you do and you’re up for a difficult climb. Not only is the best handicapper likely to be betting the maximum amount allowable at any sportsbook they frequent, but differences in the odds from one sportsbook to another are quickly eliminated as line shoppers arbitrage away any significant differences.

If you are an expert in sports analysis and want to earn a profit from this knowledge, is there an easy way to do this? Yes, there is, and this new legal form that just came out recently has started to create a buzz in the sorts betting world. A good number of daily fantasy betting sites have emerged, and they all share a number of advantages over traditional sports betting.

Here are a few things about fantasy betting to help you get started.

• Fantasy betting is legal. It has been specifically excluded from laws that prohibit sports betting, making it entirely legal.
• Transactions can be done through credit cards or via PayPal, and money is easily withdrawn via check. There are no hassles and uncertainties when doing money transactions from gambling sites.
• Because the games are based on the performance of individual players, a larger variety of games are available.

However, don’t get the wrong idea because these are not like your traditional fantasy games. Rather than having your money tied up for a full season, most of these games last just for one day. You pick a team for the day, and results are based on the performance of your players that same day. The games can range from heads up (two players) up to 100 players or more. The sites that host the contests have the look, feel, and the business model of online poker sites.

Here are some features that set apart the different fantasy betting sites.

• A wide range of user interfaces.
• Salary cap format games. Some sites also offer live draft games where player selection follows a traditional fantasy sports draft.
• Different rake values, from as high as 20% to less than 10%.
• A variety of sports available. Most sites offer baseball, football, and basketball. Some also offer hockey and NASCAR racing.
• Chat features that give some fantasy betting sites more of a communal feel than others.

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