What are Fantasy Sports?
Fantasy sports are simulated sports contests where the results are based on the outcomes of real sports games. Players select individual players to follow or build a team, and then they collect points based on the real life performance statistics of those players. Fantasy sports can be an informal game between friends or through social networks. There are also commercial contests where the best performing participants can win cash prizes, and some participants bet informally between themselves on who will win.
Fantasy Sports Explained
A fantasy sports league is a game model based around real life sports games. For example, football forms a popular basis for fantasy sports games. Players have a virtual budget to spend on picking a sports team from real athletes, and they pick up points based on how those selections perform in real games throughout the season. As the weeks progress, players can make changes to their team to ensure they always have the best possible chance of picking up points, and at the end of the season the player with the most points wins the game.
Fantasy sports leagues are often operated for fun between friends or work colleagues. They might pay a small fee each to enter, and the collected prize pool goes to the winner or winners at the end of the game. Betting operators, sports companies and media outlets might also offer a larger version of the fantasy sports game, where players pay to sign up (or play for free) and a cash prize is given for the most successful players.
Some operators offer a form of fantasy sports called daily fantasy sports. Instead of operating throughout the season, this accelerated version of the game plays out based on athlete performance during a day’s matches. Players pay a fee to enter, and can win prizes based on their results. In some jurisdictions, daily fantasy sports is categorized as a form of gambling, rather than a game of skill.