ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Introduction To Daily Fantasy Sports

Updated on October 24, 2014
DraftKings
DraftKings

Where To Play

Before you can start playing daily fantasy, you have to find a reputable website. There are many out there and most offer similar contests so it will come down to your personal preference on the site layout and the ease of use. The two largest sites are FanDuel and DraftKings. I personally use DraftKings most of the time. DraftKings tends to offer a wider array of sports (they even tried World Cup contests in 2014) and contests so that may tip the balance in their favor for you. You can test out each website before making an account. I would recommend searching for contests, reviewing the sports that are featured, looking at the payouts for events in your price range and review their policies on payouts. Once you find a site that you like, it’s time to deposit some money.

FanDuel
FanDuel

Deposit Bonuses - Don't Believe The Hype

Most sites will advertise deposit bonuses but don’t get sucked in. Unless you are depositing a lot of money, chances are it won’t do much for you so I would not make my decision based on the bigger deposit bonus. A common bonus is to match your first deposit. Let’s say you deposit $10, the assumption would be that you can then play in a $20 contest. Unfortunately, that’s not how it works. The $10 deposit bonus will be held as a pending bonus that is “released” as you play contests, typically at a rate of 4-5% of the entry fee of each contest. For example, if you enter a $25 contest on FanDuel, $1 of your pending bonus will be “released” to your account. So, in the long run you will get the benefit of that deposit bonus, but it will take a while. It’s also important to note that you cannot withdraw your bonus. These policies are in place to prevent fraud and discourage people from creating multiple accounts.

Types Of Games

Once you have picked a site and deposited your cash, it’s time to pick a contest. There are a few different styles of contests. Here’s a quick rundown on the more popular types:

  • Tournaments: a large number of players, anywhere from hundreds to hundreds of thousands; payouts for the top spots are massive but the chances of winning are small
  • Leagues: smaller than a tournament, usually 3 to 20 players; winner takes all or sometimes top few paid out, smaller payouts than tournaments but better odds
  • Head to Head: you against one other player; winner take all
  • 50/50: could be any number of players; half of players win and are paid twice the entry fee
  • Double-up/Triple-up/etc: could be any number of players; half/third/etc of the players will double/triple/etc their entry fee

(This is a good time to mention “the rake” which is the website’s take of entry fees. Typically, 10% will be taken out of the prize pool. For example, if you are in a 3 player $10 contest, the winner will only win $27. Anytime you see words like “half” or “double” keep in mind that it’s not quite that much because of “the rake.”)

Drafting Your Team

The next step to create your lineup. All daily fantasy use a “salary cap” structure. Each player will have a specified value and you will need to create a team while staying within the salary cap. So, you want to find players who have good value for the week. You can find these values by looking at injury reports and see whose stock is rising because they will see more playing time. You should also play the matchups and find somebody playing an inferior opponent who could rack up points. Remember, this is daily (or weekly for football) so you need to use a different strategy than traditional fantasy. Players that are injured/suspended have zero value. Players who enter the week questionable to play are high risk because once the contest starts, you cannot change your lineup (even if the injured player is in a later game). Be careful not to take too may “sleepers” because despite their upside, there is a good chance they do not produce. Ultimately, you should have a good balance of high upside players and consistent players to maximize your chances.

Draft Tips:

  • Try to find value players. You are not going to be able to have all superstars on your team. Everyone can pick superstars, but it's the players who can draft for the best value who are going to win.
  • Know the type of league you are drafting for. You may not want to draft the same for a tournament as you would for a double up. Knowing the payout structure can have a huge influence on how you want to draft your team. If only the first place spot pays out, then you are going to have to go big. If half the teams get paid out, it's probably best to play it a little safer.
  • Don't draft injured players. There's just no reason to. There are plenty of other options available.
  • Draft based on match ups. Jay Cutler at home vs. Jacksonville might be a better pick than Peyton Manning playing in Seattle. Cutler might cost less too.

DraftKings Draft Lobby
DraftKings Draft Lobby

Show Me The Money!

If you win your contest, and I hope you do, you will be wondering what happens to that money. Your winnings will stay in your account on the site until you decide to withdraw them. Do not use a website that makes it difficult to withdraw your winnings. Mainstream sites such as FanDuel and DraftKings allow you to use your PayPal account which makes deposits and withdrawals effortless. If you read the withdrawal policies and they are confusing or convoluted, stay away!

Giving daily fantasy sports a try may seem like a daunting task for the traditional fantasy player but if you have some know-how going in you will be able to select a reputable website, maximize your deposit and pick winning lineups!

Once you get started, be sure to check out my hub on daily fantasy football strategy!

Have You Ever Tried Daily Fantasy Sports

See results

Comments

    0 of 8192 characters used
    Post Comment

    No comments yet.

    working

    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

    Show Details
    Necessary
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
    Features
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Marketing
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Statistics
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)