How To Make Money with Fantasy Football
Posted by FFPundits
5:22pm Mar 14 2022
Fantasy sports is an incredibly popular pastime in the US, with close to sixty million people playing in 2017.
Interest in fantasy sports is still growing, even despite the presence of sports betting sites. More people than ever are signing up to create fantasy sports teams all over the world. Fantasy football still remains the most popular version of the game, with plenty of sports fans attempting to create the perfect team each NFL season.
While fantasy football is a hobby for most, it can also be a legitimate way to make money. Fantasy sports allow players to potentially win real cash through winning contests. The better your team, the more likely you are to win, and over the course of the season, this prize money can really add up. 73% of fantasy sports players enter real-money competitions, which means there are millions to be won.
Unfortunately, not every state allows players to make money from fantasy football. Arizona, Arkansas, Louisiana, Montana, Iowa, Tennessee, Washington, and Nevada all have restrictions on fantasy football. However, there is legal sports betting available for Tennessee, Louisiana, and Arizona. While you can’t make money on fantasy football in these states, you can place legal bets at sites such as BetMGM sportsbook.
GETTING STARTED WITH FANTASY FOOTBALL
If you’d like to get started with making money on fantasy football, this guide is for you. No matter what platform you choose to use, it is possible to make money with fantasy football. However, it’s not easy, and you will have to do a lot of research and careful planning.
CHOOSING YOUR FANTASY FOOTBALL PLATFORM
To begin with, you’re going to want to choose a fantasy football platform. All platforms work similarly, although they offer different features. Once you’ve picked up the basics, you can open accounts on multiple platforms, but as a beginner, it’s best to stick to just one.
FanDuel is the most popular fantasy football service right now, and you don’t have to commit for the entire season. To get started, pick a one-day contest, form a team, and you can win cash prizes right away if you win.
DraftKings is similar to FanDuel in that you don’t have to sign up for the entire season to participate. It has a variety of contests, such as “Head-to-Head,” in which the winner takes everything, and “Multipliers,” in which you can win 3 to 10 times the amount you spent to enter the game.
Fantasy football is all about research and analyzing statistics. You don’t have to be an expert on football, although it does help. However, you can still win provided you do enough research. The best players are always staying up to date with the latest team news. On top of this, it’s important to be analyzing as much data as possible. You can find free fantasy football resources online, and there are also paid guides and data analysis tools if you’re willing to make an investment.