What Are Daily Fantasy Sports Sites? Everything You Need to Know

Are you a sports fanatic always playing armchair manager? Do you think you’ve got what it takes to run your team and compete with others?

With fantasy sports, the competition is fierce. What you see on the field converts into real-life betting and earning serious dough. Alongside the traditional fantasy leagues, have you heard of daily fantasy sports?

There are several daily fantasy sports sites to choose from. Read our guide below as we break down everything you need to know!

What Are Daily Fantasy Sports?

Daily fantasy sports are a lot like traditional fantasy sports leagues. You as the player choose from a pool of professional athletes. Depending on how well the athletes perform on the field, you’ll earn points for your team.

You are free to place bets and if your team performs well, you’ll be compensated with PrizePicks or money!

The main difference is that the time it takes to play is condensed, hence daily. Rather than playing for the entirety of a season, contests are held over a few hours or days. 

Getting Started

Be aware that you are playing with real money—understand the risks. Payments are sent the same day.

When drafting, you’ll be using a salary cap. You are free to draft the same team as your opponents.

You’ll first want to join a daily fantasy sports site such as FanDuel or DraftKings. From there you’ll want to decide on your contest  (50/50, GPP, head to head). Then, draft your team while staying under the salary cap. 

Types of Games

After you’ve filled out your roster, the next step is submitting it into a game. What games can you expect to play on these daily fantasy sports sites?

50/50

With a 50/50 game, the top 50% of players split the earnings, while the bottom 50% lose out. The odds of winning a decent payout are increased with a 50/50 game.

The size of the game will vary. Keep in mind, the larger the contest is the greater your chances of winning increase.

GPP

GPP stands for Guaranteed Prize Pool. This is where you can earn some serious money! Upwards of hundreds, thousands or millions of dollars are at stake.

You can expect to see hundreds or even thousands of people participating. The top 5-10% of players will win the pot.

Head to Head

Ready to go head to head with another competitor? The winner takes all in this format, and highly skilled players can earn a great deal of cash. This is because you only need to beat one other person, whereas in other competitions you’ll need to beat several.

Daily Fantasy Sports Sites

When searching for the top daily fantasy sports sites, FanDuel and DraftKings are it. With over 14 million users and counting, the two have established themselves in the space.

FanDuel

You’re bound to come across a FanDuel advertisement online or a fantasy football draft guide magazine. As a newbie, you’ll love your first experiences with the platform. With their intuitive interface, FanDuel makes it a breeze to get started and become accustomed to playing.

The FanDuel fanbase is loyal and the largest in the industry. What’s not to like knowing they crowned the first daily fantasy millionaire in their GPP.

DraftKings

DraftKings is another popular choice amongst daily fantasy sports fans. The interface is buttery smooth and there are plenty of games to choose from. DraftKings offers a one million dollar GPP as well.

Fourth Quarter

We hope you enjoyed our informative guide on all things daily fantasy sports. Which daily fantasy sports sites will you join? This will take sports watching to a whole new level!

There is some serious money on the table. You don’t want to miss out, do you? To keep up with all the latest sporting news, be sure to check out our blog!