Fantasy Betting | What Is Fantasy Sports Betting?

Fantasy sports betting is a type of online gambling where participants select virtual teams of real-life athletes and compete against each other based on the statistical performance of those athletes in real-life games. Participants in fantasy sports betting can assemble their teams using a predetermined set of rules and scoring systems and then compete against other teams over a specified period of time, usually a season or a week.

Several online sports betting websites offer daily or weekly fantasy sports contests where participants can win real money by selecting the best-performing team within the contest. Participants usually pay an entry fee to join the contest, and the prize pool is distributed among the winners based on their final rankings.

Fantasy sports betting is growing in popularity, and players are now able to find sites offering competitions for popular sports such as football (soccer) in the UK, and American football, basketball, baseball, and hockey in the USA. There are also some leagues for other sports such as golf, and even esports. 

Fantasy sports betting is generally considered a game of skill rather than a game of chance. However, it is important to exercise caution and responsible gambling practices when participating in fantasy sports betting leagues, and to keep in mind that the bookmakers earn revenue through a fee known as “the rake.” Whenever a participant pays an entry fee, a percentage is deducted as profit for the website, while the rest of the amount is added to the prize pool for the winners.