Online Fantasy Sports Bet Types
Fantasy sports betting markets have evolved radically alongside the growing popularity of this concept. Fantasy sports were once enjoyed as a simple pass time amongst small groups of friends, but the whole concept has now become a major event for many sports punters. People have grown to love the world of fantasy sports betting, especially since it covers such important leagues ranging from the NBA to Premier League soccer in England.
However, despite the growing member base for the various leagues played around the world, all of the fantasy sports betting types still prove to be highly confusing for those who are less familiar with them. That is until now; since we have crafted this highly informative article specifically explaining these fantasy sports bet types in detail. At the end of this guide you will have a more complete understanding of how these leagues work, the various markets and how to navigate them. Let’s get started.
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The Main Forms of Fantasy Sports Betting
Fantasy sports betting has clearly come a long way since the 1990s, when it was first introduced on a larger scale. The good news is that the fundamentals of the various fantasy sports betting markets are actually quite simple, and they are detailed right here.
- Season Long Leagues
Fantasy sports leagues by nature need to coincide with the real life league that the competition is based upon. For example, the fantasy football league will always take part at the same time as the real life football league. And essentially, a season long league is where you will choose your fantasy sports team every single week. There will usually be an entry fee to take part in these leagues, and you will score points based on how your chosen players perform in real life.
These season long leagues can be played amongst a closed group of friends, or you can compete against a larger audience and enter the general league on a site. Regardless of what league you choose, you will still score points based on how your fantasy sports team performs. And at the end of the season, you could win prizes if you are high up in the overall standings of your specified league.
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Daily Contests
If you don’t want to commit to a season long league, there is some good news. Daily contests of emerged since people often do not want to commit to a season long league. This is probably the most simple of the various fantasy sports bet types, but it operates the same way.
Let’s say there were several baseball games taking place on a Tuesday night, and you wanted to take part in the daily contest. You would log into your baseball league and choose your fantasy players before any of the games start, and the winner of the competition would be announced shortly after the conclusion of all the Tuesday night baseball games. There is typically an entry fee associated with the daily contests, but the points and scoring system works identically to the season long leagues.
- Head to Head
Head to head fantasy sports betting leagues are basically a mix of the two fantasy sports bet types mentioned above. The difference is that you will compete against a particular player, or a particular team if you are part of one team competing against another. Head to head leagues can run daily or season long, and it completely depends on what you want to commit to.
Out of all the fantasy sports betting markets, this is often preferred as it can be a shorter commitment and be a bit more of a community / team experience. Again, the scoring system works exactly the same way.
How Do I Actually Score Points?
Fantasy sports are always based on an actual league that is taking place, so let’s work through a quick example to explain.
Let’s say you are participating in a fantasy basketball league, and there are a whole host of games taking place on a Saturday evening. You would need to log in and choose your fantasy sports team before these games take place. If the players that you have chosen for each position on the court perform well that evening, there is a chance that they might make the fantasy team for that week. But if they perform poorly, your player may not be selected and you will receive no points.
You will score a certain amount of points per correct selection, and these points will accumulate throughout the season (if you are in a season long league). At the end of the season or league, there will be the final standings for all who participated. There are some large cash prizes for those that have performed well during the season.
Advice for Fantasy Sports Leagues
First and foremost, you want to choose a league that you are generally interested in. This is because you are likely to spend a lot of time looking through the fantasy sports betting markets and choosing players each week.
Secondly, look through the fantasy sports betting types before signing up and choose one that is a good fit for you. If you don’t have the time for a season long league then just search for daily contests.
And thirdly, don’t always choose the obvious players when picking your fantasy team. Just think, everybody else will likely be choosing these players so you will want to look for those hidden gems in whatever league you may choose.
To Conclude …
Navigating the fantasy sports betting markets can be an exhilarating experience, especially since there are some large prizes up for grabs!
Make sure you choose a sport that you enjoy, as this will keep you engaged and wanting to play each and every week. As time goes on, you will become more and more familiar with how the various fantasy sports bet types work, and you may even devise your own strategies to be successful.
Regardless of how you proceed with fantasy sports betting, we want you to always have fun and all the best in your fantasy sports endeavors.
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