Whether you want sports betting as a weekend trip or a full-time hobby, it is always the thrill of the game that you will always look forward to.
Another separate industry in betting is the Daily Fantasy Sports (DFS). Basically, it’s very much similar to sports betting and traditional fantasy games. Apparently, DFS has grown into an independent industry, boasting hundreds of million in revenue every year.
Daily Fantasy Sports Vs. Sports Betting
Well, these two are very alike in terms of skill and knowledge requirement. Of course, both host competitive bettors who are enthusiastic about satellites and big contests with a hefty amount of cash prizes.
In fact, you can become a skilled sports bettor by playing DFS. Also, you can be excellent in DFS if you exercise your betting abilities in sports betting. Ultimately, you can become exceptional in both businesses while engaging in DFS and sports betting at the same time.
Why Bet in DFS?
These two different in various betting aspects. If you are interested in learning all of them, follow this article until the end.
It’s Legal and Secured
Betting money on daily fantasy sports is legal according to federal law in the United States. In Canada, playing DFS is also allowed. Daily fantasy sports isn’t centered on gambling, it also promotes the game of skill.
In 1999, fantasy sports were introduced as a legal activity, and in 2006, the last action towards its legalization was made. The law is called Internet Gambling Prohibition and Enforcement Act.
Now, if you are a resident of the United States, you can only openly bet on sports through Las Vegas books. It’s because Las Vegas books are registered and legal, so there’s no way you could get arrested by betting through it.
You can choose to bet online, but you can’t be sure about the legitimacy of the sportsbook unless you do a background check on the sites you’re trying to register at.
DFS is Continuously Flourishing
Based on the data disclosed by American Gaming Association, legal sports betting has earned more than $17 billion in wagers and $1.2 billion in revenue. The impressive gain was accumulated from 14 states in the US. Sports betting is legal in all of these states after the Supreme Court repealed the federal ban last June 2018.
For the record, prior to sports betting legalization, DFS was also undergoing a process towards acquiring legal acceptance. At the present time, there are forms of DFS that are legal in 43 states of America.
The District of Columbia has also approved DFS as a game of skill. On the other side, seven states, namely Arizona, Hawaii, Idaho, Montana, Nevada, and Washington, view DFS as a game determined by chance and not by skill.
It’s Highly Profitable
DFS is not only popular because of the nature of sports it offers. Many are drawn to FDS because of the profit potential. However, it will definitely take time before you can break the bank. All you have to do is to spend time mounting your skill as a newbie in the field.
You can spend a couple of months playing DFS for fun until you get fully familiarized with the characteristics and energy of the game.
If you’re a first-timer in DFS, it is advisable to play in small-scale sites that offer smaller amounts of payouts. You are less likely to play with sharks in these sites, so it’ll be much safer to linger in it while you enjoy DFS over a bottle of beer.
DFS Has No Bookmaker to Outsmart
Bettors know that their ultimate contender in sports betting is the bookmakers. The bookmakers hire handicappers and odd compilers to overcome the skills of the wagerers in the platform. Generally, the bookmakers can make a lot of money in every sport they offer because of the handicappers.
For instance, it’s hard to target consistent gains in Vegas lines. Countless experts have access to game data and analysis whenever they need it.
The odds and lines are set strategically that it’s tough to win over them. Well, it’s not impossible, but it will be absolutely difficult.
DFS contest homes bettors with the same level of skills as yours. The only key to gaining an edge in the game is learning the strategies and studying the game data available to you. These are the homework you need to fulfill if you want to earn out of DFS.
If you’re going to look at it closely, DFS is similar to poker games. In a poker table with different players, the one with the best DFS skills can positively win more.
Bonus Lesson for Starters: 4 Steps in Playing DFS
- Choose a Daily Fantasy Sports operator. Generate an account and secure your deposit. Make sure to read reviews of the site and pick the one with the best ratings.
- Pick a fantasy contest. Of course, there will be plenty of contests in the selection. Try a small buy-in or a free one. This way, you can avoid financial pressure at the start of your career.
- Start drafting your team. Try to build a lineup with the best players in the Draft Picks.
- Time to compete! The leaderboards will be followed by the hosting site. It’s always thrilling how your team soars and dives in the leaderboards. You’ll definitely be immersed in it since it’ll give you real-time updates like your time is actually existing.
Final Thoughts
Today, DFS has become a favorite of many. It has also gained legal recognition in the majority of the states in America. Consequently, many are confident in playing it as a plain hobby or source of actual income.
