Fantasy sports: How to invest in FS successfully
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Fantasy sports have hit the global gambling community since their advent on the market. Back then, humanity barely imagined a colossal hype around the brand new concept of sports introduction. Skeptics argued whether the new format would survive for long, claiming that nothing could beat the ‘good old’ classic games familiar to all sports enthusiasts.
Against all the odds, the brand new fantasy format has not just survived but also strengthened its position globally. People’s engagement has reasonably generated multiple myths about FS. However, none of these myths are close to reality.
Myths and prospects of fantasy sports
Since the FS appearance, the most widespread myth was that the newfound concept was nothing but a tool to launder money. The ‘reality check’ ruined the myth as the market size of fantasy sports counts 200+ large companies, members of the FSGA, that have nothing to do with the criminal activity.
Another common belief was that FS worked solely for tycoons with multi-million fortunes, but the inside look dispelled this illusion. Anyone willing can currently invest in FS without millions in his/her pocket. On average, casual investors spend around $600 on FS annually, which is immeasurable to the net profit they receive afterward.
The latest stats indicate that the FS market has impressive prospects to expand by more than $9 billion in the next four years, while the investors’ scale can reach 100M.
How to invest in FS: tips for starters
For those who carve to try their luck and become FS investors, we prepared a short guide for starting mindfully and making this business work for them, but not vice versa.
- Don’t start big: If you are a freshman in the FS niche, you should better begin with modest investments. The ordinary amateurs’ mistake is that they tend to hit the bank at once, but then come down to earth when their big plan fails. It is possible to start at around $100 in some leagues. Only when you master your skills to the required level, you will make a hard coin in the fantasy leagues.
- Don’t let failures smash you: Sports, failures, and triumphs always go side by side. If you plan to be the FS investor, be prepared to taste both a sweet victory and bitter losses. Once you learn the basics of efficient team drafting and managing, you will finally get off the bench. Just don’t let the first failures knock you down.
- Know where to invest: Picking up the right platform is the No.1 essential to succeed in fantasy leagues. It is crucial to choose trustworthy companies with a good name and a solid background. Reputable companies obey the state jurisdictions and operate according to the established regulations that stand for the customers’ rights firsthand.
High-profile FS companies
Following the research and market analysis, experts recommend the following companies for safe and efficient FS investments:
- DraftKings
- FanDuel
- DFS
- Fantasy Feud
- SCR
How to become a successful FS investor
If we compare the fantasy and classic sports winning strategies, we can discover many shared trademarks. Indeed, fantasy games are held on the virtual arenas with virtual players without real spectators on the tribunes. Besides, unlike traditional leagues, any wisher can become the investor and owner of a virtual team.
If one tends to grow to a successful FS investor and bring his virtual team to the triumph, he should consider learning the following basics:
Mindful drafting
The drafting process resembles a combo of emotional charge, WWE fights, and reliable strategy. As far as investors shape their FS teams in real-time amid the ongoing drafts, it is vital to keep an eye out and close the roster with the utmost players before your competitors.
Learn players’ weaknesses and strengths
A skilled FS manager knows that the right players’ positioning plays an integral role in the favorable game outcome. Even if you showed incredible results at the drafting stage and shaped your team with real champs, don’t entirely count on your favorites. Study what stars play better in the defense and what players show more robust performance in the attack.
Take benefit of trade offers
Experienced FS investors know the value of trade offers, as it’s a brilliant opportunity to strengthen a team with influential players. Similarly, they can consider selling weak athletes if they take the team down. In other words, well-thought-out transfers are the inevitable part of the FS winning strategy.
Bet on FS games
According to WorldBookmakers, punters’ demand on FS wagers has significantly increased in 2020. No wonder as while all sporting events were shut down due to the pandemic, bettors and sports enthusiasts looked at the alternatives. As far as fantasy games have no fear of the dangerous virus, FS events become a saving solution for sports bettors not to lose their stable profit sources.
Summing up
Modern tech keeps changing humans’ vision of the old-schooled manner in which the sports events run. Pundits forecast fantastic prospects for the FS development in the future. New perspectives open impressive horizons for all fantasy sports investors to enjoy a brand new game format and earn a stable coin on their virtual teams.