Sports gaming remains an incredibly popular way for fans to connect with their favorite teams and players while competing for prizes and rewards. From traditional sports betting to pick’em contests, season-long and daily fantasy, plus newer innovations like sweepstakes games and prediction markets, there’s a style of sports gaming for every kind of fan.
Each format brings its own rules and skills, while offering unique ways to engage, play, and potentially win.
In this guide, we’ll cover the major types of sports gaming, explain how they work, and help you discover which one fits your style and goals best. Whether you’re new to the scene or looking to sharpen your game, our complete sports gaming guide has you covered.
Sports gaming formats at a glance
Below is the quickest way to compare the main sports gaming formats side by side. This table summarizes key features before we cover each format in depth.
| Format | What It Is | Skill Versus Luck | Time Commitment | Typical Entry Cost | Prize Structure | Profit Potential | Legal Notes | Common Bet types or Mechanics | Best For | Popular Platforms |
|---|---|---|---|---|---|---|---|---|---|---|
| Season-long Fantasy | Draft a team for an entire sports season | Mostly skill | High | Moderate to high | Prize pools, leagues | Moderate to high | Legal across US | Drafting, trades, lineups | Dedicated fantasy players | Sleeper, ESPN Fantasy |
| Best Ball | Draft-only fantasy where the best scoring lineup wins | Mostly skill | Low | Moderate | Prize pools, leagues | Moderate to high | Legal in most US states | Drafting, Automatic optimal lineup | Casual and serious players | Underdog Fantasy, DraftKings |
| Daily Fantasy Sports | Daily contests based on single-day or game event | Mix of skill and luck | Medium-High | Low to high | Fixed prizes, pools | Moderate to high | Legal, regulated in many US states | Salary cap drafting, contests | Casual and frequent players | DraftKings, FanDuel |
| DFS Pick’em | Make picks on listed player stat outcomes | Mix of skill and luck | Low-Medium | Low to moderate | Fixed prizes, pools | Moderate to high | Legal but varies by state | Pick’em style contests | Casual players | Underdog Fantasy, PrizePicks |
| Sports Betting | Wager on outcomes of sporting events | Mix of skill and luck | Varies | Low to high | Fixed odds payouts | Moderate to high | Legal and regulated in many states | Moneyline, spread, totals, props, parlays, and more | All levels | FanDuel, DraftKings |
| Sweepstakes | Use virtual currencies to wager on sports | Mostly luck | Low | Free | Sweepstakes-style prizes | Low | Legal but complex regulations | Common sports bets with virtual currencies | Casual players | Fliff, Thrillz |
| Prediction Markets | Platforms to buy/sell predictions on sports/events | Mix of skill and luck | Varies | Low to moderate | Market-based payouts | Moderate to high | Legal across US | Buying/selling contracts, markets | All levels | Kalshi, Polymarket |
Bet type by format matrix
The table below helps you visualize how the most common bet types apply across the spectrum of the top sports gaming formats.
| Bet Type | Season-long Fantasy | Best Ball | DFS | DFS pick’em | Sports betting | Sweepstakes | Prediction Markets |
|---|---|---|---|---|---|---|---|
| Moneyline | N/A | N/A | N/A | N/A | Core | Core | Core |
| Point spread | N/A | N/A | N/A | N/A | Core | Core | Sometimes |
| Over or under | N/A | N/A | N/A | Core | Core | Core | Sometimes |
| Parlays | N/A | N/A | N/A | Core | Core | Core | N/A |
| Teasers | N/A | N/A | N/A | N/A | Core | N/A | N/A |
| Props | N/A | N/A | Sometimes | Core | Core | Core | Sometimes |
| Futures | N/A | N/A | N/A | N/A | Core | N/A | Core |
| Live betting | N/A | N/A | Sometimes | Sometimes | Core | Sometimes | N/A |
In season-long fantasy and Best Ball, bet types don’t apply, as these formats revolve around drafting players. However, player prop lines and betting odds for upcoming games can be handy points to dig into as you conduct research.
The same applies to traditional DFS, but you may come across prop-centric formats, such as TDs only, and live DFS action for a half or segment of play. In DFS pick’em, traditional over/under on game points doesn’t apply.
However, choices on players are set in this format or higher/lower, while props and parlays are central to the format. Sports betting runs the gamut of options, while sweepstakes provides a mirror in a virtual setting, for the most part.
The main prediction market offerings for sports resemble moneylines and futures, but they have started to introduce some props. Margins of victory and total points have appeared here and there, and could become more common down the road.
As you consider the possibilities across all formats, think through what you’re most into. For example, if you love fantasy stats and player props, you have numerous ways to go. Sports bettors can get the whole ball of wax, while prediction markets offer a more targeted approach.
What are the main types of sports gaming?
The main types of sports gaming deliver entertainment and engagement for players of all experience levels. Each is unique in its structure and how outcomes are determined, providing fans and bettors with plenty of options to explore and find what they like best.
Here are the seven main types of sports gaming, along with the key details you need to know.
Season-long fantasy
Season-long fantasy involves drafting a team at the start of a sports season and managing it throughout. Players accumulate points based on the performance of their players, competing in leagues against others.
You can find leagues for all of the major sports, including the NFL and MLB. Success relies heavily on skillful drafting, strategic trades, and weekly lineup decisions.
This format is best for dedicated fans who enjoy long-term engagement and deep strategy. You can see an example in our Underdog NFLSZN season long picks.
Best ball fantasy
Best ball is a simplified version of season-long fantasy. After drafting a team, the platform automatically selects your highest-scoring players each week, so you don’t need to set lineups daily or weekly. It still rewards skill in drafting while reducing ongoing management time.
It’s ideal for players seeking season-long fun without the weekly roster upkeep.
Daily fantasy sports (DFS)
Daily Fantasy Sports offers contests based on single games or a single day’s sports action. Players create lineups within a salary cap and compete for prizes. Unlike season-long fantasy, DFS is quick, requiring less time commitment but still involves skill in lineup construction and game research.
DFS appeals to casual and frequent players looking for fast, daily engagement.
DFS pick’em
DFS pick’em requires players to choose higher/lower or over/under outcomes on player stats. There are no lineups or salary caps to worry about, just entries of two or more selections. It’s an accessible format with a low time commitment and simple skill requirements.
This format suits casual players interested in quick contests and straightforward gameplay.
Sports betting
Sports betting offers the opportunity to wager real-money on outcomes of sporting events. There are numerous markets to choose from, including moneyline, spreads, totals, parlays, player props, futures, and more.
Odds and lines are available for all sports, ranging from major leagues like the NBA and NHL, down to niche and international events. It blends skill and luck, while requiring an understanding of odds and strategy.
Sports betting appeals to a broad range of players, from new users to seasoned gamblers, offering flexibility along the way.
Sweepstakes
Sweepstakes and social sportsbooks are relatively new on the scene. They combine chance and skill, offering promotional contests where entrants make their picks with virtual currencies across a range of sports, and have a chance to win real prizes.
Sweepstakes are great for players interested in occasional, fun participation without heavy strategy.
Prediction markets
Prediction markets have exploded in popularity since top platforms introduced sports contracts. Participants buy and sell contracts, typically choosing from “yes” or “no,” based on the likelihood of a sports-related outcome, such as the winner of a game or a future event, like the next Super Bowl champion. These markets fluctuate like stock prices and have a learning curve, rewarding strategic forecasting and timing.
Prediction markets are best suited for players who enjoy analytical thinking and active trading.
Key differences between sports gaming formats
Sports gaming formats have several key differences, including scoring systems and the resolution of contests or wagers. Season-long, Best Ball, and DFS revolve around fantasy points scoring. The players on your roster accumulate points based on their actual statistical output. When contests are finished, the highest-scoring lineup wins.
Pick’em is also stats-based, but you’re not competing against other lineups in most cases. Instead, the success of your entries is based on the number of accurate selections you make. There are plenty of options to consider for sports betting. Wagers come down to you versus the house. If you’re right, you win, but you lose your stake when you’re wrong.
Sweepstakes share similarities with traditional sports betting, but there’s a key difference. At the latter, you place your wagers while using virtual currencies, while the former is real-money betting.
Lastly, prediction markets function like a stock market or commodities exchange. You’re buying and selling yes/no contracts on outcomes at market-driven prices.
Beyond the scoring and resolution, other key points to know include:
- Skill vs. Luck: One of the popular debates surrounding sports gaming is the skill versus luck argument. In short, there are elements of both in all cases. For example, you need research skills and the ability to understand odds and pricing to scout opportunities. At the end of the day, you also need some luck to have the stars align just right.
- Time Commitment: Ultimately, the time you spend is up to you. However, there is a larger commitment to some forms over others. For example, season-long and DFS can be time-consuming, while Best Ball is a smaller commitment with a simple draft. As you’re deciding what’s for you, be sure to factor in how much time you want to devote.
- Cost and Entry Fees: You remain in control of your budget, but please note that there may be some variances. For sports betting, prediction markets, and DFS pick’em, you can wager anywhere from nominal amounts to higher stakes. Fantasy contests can run the gamut from low and insignificant to high-roller. No matter what you play, set a budget and stick to it.
- Payout Structure: For sports betting, pick’em, and prediction markets, you profit on correct calls and lose your stake for missteps. It’s the same for sweepstakes, albeit with virtual currencies. Season-long, Best Ball, and DFS contests pay out the top finishers, but also incorporate prizes for those who just missed the cut.
- Community and Engagement: If you’re looking to engage with others, fantasy contests and sweepstakes sportsbooks are great places to look. Many of the top platforms incorporate community features, such as chat and messaging. While sports betting and prediction markets are solo endeavors, there’s plenty of chatter on social media.
- Profit Potential: All forms offer the opportunity to win prizes. Many DFS contests are top-heavy, requiring a good amount of luck to outpace others and win big prizes. For those more interested in skill-based opportunities to chase profits, sports betting and prediction markets may be better fits.
How do the most common bet types work?
Understanding how the most common bet types work is a key starting point that you’ll want to tackle before beginning with any new format. For sports betting, there’s a “big three” of wagers that you’ll most commonly find listed at sportsbooks.
Moneyline bets
In a moneyline bet, you pick which team or player will win the game or event. The simplicity makes them a popular choice for many sports. Sportsbooks will typically offer odds for both choices, with negative numbers for the favorite and positive numbers for the underdog. The winner is the chosen side that comes out on top, regardless of the score margin. For example:
- The Texas Rangers (+112) are underdogs versus the Kansas City Royals (-132).
- If you bet $100 on the Rangers and they win, the return is $112.
- To win $100 for a winning bet on the Royals, you would have to bet $132.
- The Rangers win the game 5-4. Bettors on that side win their wagers, while those who wagered on the Royals have losing tickets.
Point spread bets
Point-spread bets level the field by assigning a margin, or “spread,” to the favorite. These wagers are incredibly popular for basketball and football. You can bet on the favorite to win by more than the listed number, known as “covering the spread.” Alternatively, you can bet on the underdog to cover, either by losing by less than the margin or by winning the game outright.
- The Eagles (-6.5) are favored over the Dallas Cowboys.
- Point-spread bets often have odds of -110 on both sides, which can adjust in response to betting volume.
- To win $100 on a spread bet at -110, you would have to wager $110.
- The Eagles win the game 31-27, failing to cover the spread.
- Bettors who wagered on the Eagles minus the points lose, while those who bet on a Cowboys cover get the win.
Over or under bets
Also called totals, over/under bets focus on the combined score of both teams. You predict whether the total points scored will be higher (over) or lower (under) than a set number. This bet type is popular in most team sports. These bets also often start with odds of -110 on both sides, with the lines potentially adjusting right up to start time.
- The over/under for a game between the Warriors and Lakers is set at 224.5.
- Bettors make their calls from the initial release of lines right up to tipoff.
- The Warriors outpace the Lakers, 120-118, for a total of 238 points.
- Those who wagered on the over cash winning tickets, while under bettors get the loss.
While the three main bet types are most commonly associated with traditional sports betting, there are applications for other sports gaming formats. For example, moneyline betting is similar to prediction market contracts for single-games. The over/under is a common component for DFS pick’em games and contests.
Other popular betting options to know
Sports gaming goes much further than the headline wagers, leaving several other popular betting options to know. Here’s a rundown of some of the top options:
- Parlay Bets: A parlay combines multiple bets into one wager, requiring all selections to win for a payout. Parlays offer higher rewards but are riskier since one loss ends the bet. They’re popular for sports betting, and a big component of DFS pick’em games.
- Teaser Bets: These wagers allow you to adjust the point-spread or totals in your favor on multiple games, helping to control risk and impacting payout potential. These bets are most commonly used by experienced sports bettors.
- Prop Bets: Prop bets focus on specific events within a game, like a player’s total points. They add variety and let players bet on granular details beyond outcomes. Props are part of fantasy, sports betting, DFS pick’em, and sweepstakes sites.
- Futures Bets: Futures bets are wagers on long-term outcomes, such as which team will win the NBA Finals. They offer early betting opportunities with bigger risk and reward. Futures are popular at sportsbooks and prediction market platforms.
- live-betting: These are wagers at a sportsbook during a game or event, with odds adjusting in real time. It adds excitement and lets players react to unfolding action, such as which team will score next in a soccer match.
Specialized bet types worth considering
As you go deeper down the sports gaming menu, you’ll find some specialized bet types worth considering. These bets often require more skill or understanding but can provide strategic advantages in certain formats or sports.
- Asian Handicaps. These wagers level the playing field by giving one team a virtual advantage or disadvantage, eliminating the possibility of a draw. For example, a -1.5 handicap means the favorite must-win by two or more goals to win the bet. This bet type is prevalent in soccer betting and is favored for reducing draws.
- Round Robins: Bets that combine multiple parlays, making several smaller parlay bets from a larger group of selections. This approach spreads risk and increases chances of partial wins. For example, choosing three teams for round robin parlays creates three two-team parlays and one three-team parlay.
- Microbets: Very short-term wagers during a game, often on specific moments like the result of the next play or next point scored. These high-speed bets demand quick decisions. They’re common in fast-paced sports like football or basketball and popular options at sportsbooks, and offered at some sweepstakes and DFS pick’em sites.
- Alternate Lines and Totals: Let players adjust the point-spread or game total for different odds and payouts. For instance, you might choose a +3 spread instead of +1.5 for lower risk and a smaller payout. These bets provide flexibility and are popular at traditional sportsbooks and offered at some sweepstakes sites.
- In-play Prop Chains: Linked sequential prop bets placed during a live event, where the outcome of one prop influences the next. For example, betting on a player to score next, then using that outcome to bet on their total points. These chains require tactical thinking and are popular in live-betting at sportsbooks and sweepstakes sites.
Sports gaming format variations by sport
For each of the sports gaming formats, you’ll find variations across the major sports. Since all sports have their differences, there are unique aspects to each, which can impact rules, scoring, strategies, and more. Here’s a rundown of what to expect across the spectrum of key sports.
NFL-specific variations
No matter which format you’re into, the NFL is one of the top attractions. On the fantasy side, football is incredibly popular for season-long, Best Ball, and DFS. Rosters are made up of key offensive positions (QB, RB, WR, TE) with some formats calling for flex spots, defense, and kickers. Scoring revolves around the main stats, such as touchdowns and yards.
At sportsbooks, the NFL season is the busiest time of the year. Each game attracts a ton of betting volume. You can bet on point-spreads, moneylines, totals, player props, and more. Interest stays high year-round with active futures markets, such as the winner of the next Super Bowl. Prediction markets are getting in on the fun with NFL single-games and futures.
NBA-specific variations
Basketball is also a star attraction across formats. The fast pace and high-scoring nature of games make it popular for both traditional DFS and pick’em contests, with scores tallying based on points, rebounds, assists, and other key stats.
Pro hoops also capture tons of interest at sportsbooks and sweepstakes sites, from traditional pregame wagers to player props and more.
MLB-specific variations
Baseball and fantasy sports have been going hand-in-hand for decades, beginning with season-long formats and expanding into modern formats like DFS and pick’em.
MLB has the stage mostly to itself during the summer months, making it a top attraction for sportsbooks, sweepstakes, and prediction markets. Player props like homers and strikeouts are big draws.
NHL-specific variations
NHL fantasy focuses on goals, assists, shots, saves, and plus/minus stats in season-long and DFS formats, with rosters covering the skaters (C, LW, RW, D) and goalies.
Betting covers puck lines, which is hockey’s version of a spread, moneylines, and over/unders. Player props, live-betting, and NHL futures wagers tend to be very popular at traditional sportsbooks.
Soccer-specific variations
Soccer continues to grow in popularity across the US, with season-long and DFS varieties for top leagues. At sportsbooks, sweepstakes, and prediction markets, the Premier League and other top international competitions are the headliners. Pregame bets bring in plenty of action, as do player props and unique wagers like Asian handicaps.
Niche sports examples
Beyond the major team sports, top attractions include Golf, UFC, Tennis, Motorsports, and eSports. While you’ll find season-long variations if you look hard enough, these sports are better suited for DFS, pick’em, and sports betting. On prediction market platforms, there has been an explosion of interest in Golf tournaments, UFC fights, and Tennis matches.
How to approach sports-specific formats
Since each has its nuances, you’ll want to fully understand how it all works for sport-specific formats. For example, for fantasy contests, you need to have a handle on roster construction, scoring formats, the length of the contest, and the overall rules.
Using scoring as an example, there could be small variances to be mindful of. For example, some season-long, Best Ball, and DFS contests for the NFL score receptions at a half-point, while others award a full point for the same stat.
Tons of strategic approaches can be employed for each sport, but common ground is found in correlation. Pairing up an NFL QB with a WR, an NBA PG with an offensive star, and linemates in the NHL are ways to potentially ramp up scores.
The skill versus luck debate
The skill versus luck debate takes place for every sports gaming format. How much your knowledge, research, and decision-making affect the outcome, and how much is sheer chance, varies between formats. Understanding the skill to luck landscape can help you set realistic expectations and choose which style of sports gaming suits you best.
- Skill-heavy formats: There’s skill involved in all formats to varying degrees, but some are geared more toward research, strategy, and expert decision-making. Those are all key factors for success in season-long fantasy, best ball, DFS, pick’em, sports betting, and prediction markets. Top players often put in many hours of roster management, drafting skill, or market analysis, and their edge tends to show over time.
- Balanced formats: These formats blend elements of skill and chance. DFS, pick’em, and many types of sports betting fit this category. Success stems from a mix of player, matchup, and odds research and analysis, but short-term outcomes can be swayed by randomness, such as a star player’s unexpected injury. Over time, skilled players can gain an advantage, but even the best will experience ups and downs.
- Luck-heavy formats: A big factor in DFS tournaments with massive prize pools, huge pick’em entries, sports betting parlays, sweepstakes games, and some casual betting pools. While research plays a part in crafting entries for these formats, a good amount of luck is needed on your side to win. These formats can be entertaining, but a high risk tolerance and temperament to deal with frequent losses are necessary.
By understanding where your preferred style falls on this spectrum, you can better manage your expectations and enjoy the process. Skilled players who hone their research and decision-making skills may be able to find an edge, while a little Lady Luck benefits all.
Time commitment for each format
The time commitment is a key factor when deciding which sports gaming format is for you. If you like to analyze and research, you can find a fit with all of the options. For those who are time-pressed or want to be more hands-off, some formats will simply suit you better.
- High time commitment formats: Formats like season-long fantasy and DFS require frequent attention. Season-long fantasy needs weekly lineup management and ongoing research, making it best for players who enjoy staying plugged in throughout the season. DFS requires lineup building, late-breaking news awareness, and game-by-game strategy. These formats suit those with flexible schedules or a desire to be hands-on.
- Moderate time commitment formats: DFS pick’em, sports betting, and prediction markets fall into this range. For each of these formats, you can focus your efforts on the markets that you’re most interested in. If you wager frequently or go deep down the strategy rabbit hole, time commitment can easily jump, but most players can allocate a moderate amount of time and remain fully engaged.
- Low time commitment formats: Best ball is the “set it and forget it” of sports gaming. Sure, you can check how your lineup is doing regularly, but the heavy lifting is done once the draft concludes, which is the same day in many cases. Sweepstakes can be research-intensive with all the options to choose from, but many players take a casual approach and simply play when looking for some entertainment as time permits.
Choosing a format that lines up with your schedule helps you stay competitive and keeps the experience enjoyable rather than overwhelming. Whether you thrive on constant action or prefer simplicity, there’s a sports gaming style that will fit your preferred approach.
Entry fees and costs
The entry fees and costs for sports gaming formats can range from free to high-stakes. Across the various formats, you can find options that work for your budget and comfort level. That said, payout potential can also vary widely by your chosen stakes.
- Free to play formats: Sweepstakes and many promotional contests are free to enter, and you can find no entry fee games for select season-long, Best Ball, and DFS games. These formats are perfect if you want to play with no financial commitment. There are often prizes to shoot for that can be challenging to win due to the number of entrants.
- Low-cost formats: Low buy-ins are common in season-long, Best Ball, DFS, and pick’em contests. You can also wager at lower stakes at sportsbooks and prediction markets. However, remember that your potential winnings will reflect the low stakes. The exceptions are DFS entries with big prize pools, and sportsbook or prediction longshots.
- High-stakes formats: You can find high-stakes leagues for season-long, Best Ball, and DFS. At pick’em sites, sportsbooks, and prediction markets, you can also wager to your comfort level. However, it’s important to always remember to play within your means, as in only with funds that you can afford to lose, as there are no guarantees of success.
If you’re new to sports gaming or any individual format, there’s no need to jump in with both feet. You can learn the ropes with free and low-cost contests. As you gain experience, you can increase your stakes to align with your comfort level while sticking to a strict budget.
Additionally, be aware of other potential costs that may arise along the way. For example, check to see if there are any extra fees for deposits or withdrawals, or any subscription requirements, before signing up. If you’re hoping to be long-term profitable, managing bankroll and costs is a must.
Prize pools and payout potential by format
You’ll also want to understand the prize pools and payout potential by format. By knowing what to expect when you walk in the door, you’ll be able to set more realistic expectations and also align the formats to your preferences. Here’s a breakdown of what you’ll typically come across.
- Fixed versus variable prizes: When betting on sports or participating in prediction markets, the potential returns are fixed based on your stakes and position. Predetermined amounts set before contests begin are common in season-long and Best Ball formats, where you compete against others for a share of the pool. For DFS and pick’em, pools are fixed, but payout potential also comes down to successful picks.
- Payout schedules and methods: Many of the formats pay out immediately after contests end. For example, if you place a sports bet, it’s settled once the wager goes final. If you win, your account will be credited immediately once the win is confirmed. Top platforms offer a wide variety of withdrawal methods for players to choose from. Season-long fantasy prizes often arrive once the league results have been decided.
- Average returns and risk levels: Formats with winner-take-most payouts, such as a DFS tournament, usually have high variance. Big paydays are rare, but prizes for top finishers can be large. For more predictable returns, sports betting at fixed odds and prediction markets provide you with a clear ballpark of what to expect, such as winning $100 if you place a wager of the same amount at odds of +100.
For most players, steady profit is challenging but possible in skill-heavy formats over the long term. Luck-heavy formats offer low average returns and high variance, making them more suited for the entertainment aspect than for consistent returns.
Whether you prefer aiming for steady returns or chasing big scores, you have several options to consider. By understanding the structure of contests and aligning with your risk tolerance and preferences, you can set yourself up for a more enjoyable experience.
Legal status and regulations
You’ll want to consider the legal status and regulations for each format that you’re considering. The landscape seems to evolve regularly with sports gaming. At a minimum, take the time to understand what’s permitted or not in your market. Here’s a rundown of the current state of affairs for the top formats.
- Fantasy Sports:
- Season-long contests are generally available everywhere, but individual state rules may apply to online contests with prizes.
- Best Ball, DFS, and DFS pick’em rules vary widely by state.
- Five states expressly prohibit DFS: Hawaii, Idaho, Montana, Nevada, and Washington.
- Game availability also varies by operator.
- For example, Underdog Fantasy is available in 42 states + DC. However, its pick’em games are only available in 15 of those markets.
- The top platforms typically stay on top of things and have a “state availability” section on their websites and apps.
- Sports Betting:
- Legality and regulation are handled at the state level.
- To date, sports betting of at least some kind is available in 39 states + DC, with online wagering permitted in 33 of those markets.
- There is no legal sports betting in Alabama, Alaska, California, Georgia, Hawaii, Idaho, Minnesota, Oklahoma, South Carolina, Texas, and Utah.
- Sweepstakes:
- Operating under a sweepstakes model using virtual currencies and free chances to enter, it is widely available.
- However, there has been pushback at the state level, leading to regulatory uncertainty.
- To date, sweepstakes gaming for prizes is not allowed in Idaho, Michigan, Montana, New Jersey, Nevada, and Washington.
- Legal wrangling remains in progress in several other states.
- Prediction Markets:
- Kalshi is a CFTC-regulated platform that’s available in all 50 states.
- Polymarket is available internationally, but not currently available in the US.
- Similar to sweepstakes, there has been pushback at the state level.
- There are ongoing debates and lawsuits in progress in states including Maryland, New Jersey, and Nevada.
Strategies and tips for each format
Numerous strategies can be followed for each format. It’s easy to become overwhelmed with all the options as you narrow down the approach that works best for you. To start, keep it simple and focus on what truly matters. As you move forward, you can adjust and add new factors to dig into.
Here are practical tips to use as a base for each format.
Season-long fantasy strategies
- Choose a league and scoring format that works for you. While you’ll undoubtedly want to win, you should also aim to have fun along the way.
- Invest time in researching player performance trends, projections for the upcoming season, and mock drafts to get a lay of the land.
- Trust your instincts. If you feel a player is being over- or undervalued in general as you conduct your research, make note of that for draft day.
- Be ready for your draft. While you don’t have to spend dozens of hours getting lost down the rabbit hole, this is not a situation where you want to wing it.
- Actively manage your team. Set your lineup before the lock, stay on top of news and injury reports, and position yourself to field the best possible lineup.
Best ball strategies
- Draft prep. You can start like you would with getting ready for a season-long campaign, but use a slightly different lens since there won’t be any weekly lineup decisions.
- Know the schedule. As you’re scouting players, look for players with big upside, as in those who have multiple potentially appealing matchups.
- Game breakers. Some players can do severe damage when they get loose. An RB or WR who can break open a game could win you a week or two.
- Depth. Sure, you want a balanced roster, but you also want as many possible options to break out on any given week during the lengthy season.
- Bye weeks. In season–long, you can make a waiver move to cover the gaps. There’s no such luxury in Best Ball, so avoid having tons of holes to deal with.
DFS strategies
- Format and scoring. Pick the contest that aligns with your preferences and budget. Are you looking for significant upside from a tournament or small, steady potential?
- Your approach. Do you prefer crafting one optimal lineup or taking multiple shots? Start with your budget and then determine what aligns best with your preferred research style.
- Review salaries. Before building lineups, scan the salary chart. Look for diamonds in the rough, as well as those that appear too pricey based on potential upside.
- Player trends. Average performance is a solid indicator, but you’ll also want to know who is hot or not. The last 3-5 games can provide a good benchmark of possibilities.
- Matchups. Check out the over/under and projections for the game, and look for weaknesses in opposing defenses for potential spots to exploit.
DFS pick’em strategies
- Game type. Know what you’re walking into. Is it a simple over/under or higher/lower, or are there more requirements that need to be met for your entry?.
- Number of picks. Determine your comfort level with the number of picks. If you want to be conservative, stick to three or fewer options, and consider more if you’re targeting a bigger upside.
- Focus your efforts. There’s no need to dig into every option on the board. Make an initial list of appealing possibilities, and then chop it down based on what you uncover.
- Outside the box. Star players receive a great deal of attention, and lines can be challenging to beat as a result. Scout some under-the-radar plays to look for inefficient projections.
- Consider insurance. If you have an option to cash for a missed pick or two, apply it. A moderate return is much better than a complete loss of your stake.
Sports betting strategies
- Know your wagers. Begin with your interests and what you understand. There’s no need to risk money until you have a grasp of all the ins and outs.
- Look for promos. Sportsbooks will often offer odds and profit boosts to choose from. If it’s offered for what you want to wager on, claim it to potentially enhance returns.
- Odds and lines. If you’re not happy with the numbers, shop around. You can also explore alternate lines to find a spot that’s closer to what you’re thinking.
- Pick your spots. Diversifying and spreading out the risk is good, but being all over the map is not. Identify the most appealing options and concentrate your efforts on them.
- Manage bankroll. There’s plenty of variance with sports betting. Instead of an all-or-nothing approach, manage your bankroll effectively to keep yourself in the game.
Sweepstakes strategies
- Maximize promos. Sweepstakes sportsbooks regularly offer free coins and other promos. You can easily keep your virtual stack intact by grabbing the offers.
- Scout the menu. Some of the top sweepstakes sites function like regular sportsbooks, offering a wide range of options. Take the time to quickly narrow down the list to what you want.
- Dismiss bad lines. You’ll come across numbers that appear to be way off kilter. Unless it’s a favorable price anomaly, move along and look elsewhere.
- Try new things. Sweepstakes sites provide a great forum to try new strategies and bet types without the risk. Use that to your advantage.
- Leaderboard challenges. If you plan to play regularly, consider joining leaderboard challenges as they become available. You can climb the ranks and earn free coins for your efforts.
Prediction market strategies
- Understand markets. There are some similarities to sports betting, but prediction markets function differently. Get the basics down before diving in.
- Choose your lane. Single-game contracts could be the ticket for those who like a quick resolution. Consider futures for a wider window, or opt for a hybrid to strike a balance.
- Monitor trends. Prediction markets provide great insight into what’s capturing attention. You can follow the crowd or pivot and explore the opportunities that others are missing.
- Dig into volume. Current prices give you insight into probabilities. Go deeper and look for volume by price point for an even better sense of where the action is landing.
- Manage positions. You can cut losses and take profits early. This is a fantastic benefit that can help you manage your bankroll even more effectively.
Best platforms and apps for each format
Choosing the right platform and apps for each format can make a world of difference for the overall experience. Thankfully, there are great options to be found for each. Here’s a look at some trusted options for you to consider.
Top season-long fantasy platforms
Sleeper: Highly customizable, supports redraft and dynasty leagues, and offers best ball. Known for a user-friendly mobile app and fast news updates.
ESPN Fantasy Football: A classic platform that’s great for season-long leagues. Excellent for casual and traditional fantasy players with reliable lineup reminders.
Top best ball platforms
Underdog Fantasy: The premier best ball site with large prize pools and a clean interface. No lineup management needed, but contests are regularly available.
Sleeper: Also offers best ball alongside season-long leagues, which can be appealing for users who want combinations of top fantasy formats in one place.
Top DFS platforms
DraftKings DFS: Wide variety of contests across multiple sports, from large guaranteed prize pools to smaller freerolls. Known for innovative features like Showdown lineups.
FanDuel DFS: Industry pioneer offering a broad range of contest types with a user-friendly interface, solid sports coverage, and beginner-friendly options.
Top DFS pick’em platforms
Underdog Fantasy: Predict whether players will exceed or fall short of stat projections. It’s easy to learn and offers solid payout potential.
PrizePicks: Straightforward format, making it accessible for beginners and casual players while still providing engaging contest variety.
Top sports betting apps
DraftKings Sportsbook: Comprehensive range of bet types, live betting, and extensive sports coverage with an easy-to-navigate app.
FanDuel Sportsbook: Strong market presence with competitive odds, same-game parlays, and frequent promos catering to casual and serious bettors.
Top sweepstakes sites
Fliff: A social sports gaming app offering free-to-play betting with the chance at real cash prizes. Great for players looking to try sports betting without risking money.
Thrillz: Known for sweepstakes-style contests and prize giveaways, making it a good choice for casual players hoping to win prizes without the risk of traditional betting.
Top prediction market platforms
Kalshi: A US-regulated exchange offering prediction markets on sports and other events, focusing on simplicity and clarity for casual and advanced traders alike.
Polymarket: A decentralized prediction market platform that includes sports events. Popular internationally, not currently available in the US.
Choosing the best sports gaming format for you
Choosing the best sports gaming format for you depends on several factors. Regardless of which ones you gravitate toward, they should ultimately align with your preferences and provide a source of enjoyment. As you whittle down the list, there are a few key areas to focus on.
- Skill level: What kind of player are you? If you’re new or just looking for casual fun, pick’em and sweepstakes could be right up your alley. Meanwhile, seasoned players may prefer the strategic aspects of sports betting and prediction markets, both of which offer ample room for analysis and research.
- Available time: If you’re pressed for time but still want the enjoyment of sports gaming, focus on low time commitment options like Best Ball, pick’em, and sweepstakes sites. For those who have the bandwidth and want more engagement, there’s plenty to explore, including season-long and DFS.
- Budget and risk: You can find options across the landscape at all stakes. As for risk, all formats can be volatile, and losses are part of the territory. If you’re comfortable with a lot of variance but want the potential for big scores, look to DFS. For those who prefer slow and steady, sports betting and prediction markets could be better fits.
How to get started in your chosen format
When you’re ready to get started in your chosen format, it doesn’t take long to get up and running. While each format and platform may have its own quirks to navigate through, the process itself is generally universal. You can use the steps below as a guide to getting up and running.
- Pick a trusted platform or app: Choose reputable sites or apps that are licensed and regulated in your jurisdiction. This ensures fair play and secure transactions. Avoid illegal or restricted platforms that simply aren’t worth the potential headaches.
- Learn the rules and scoring system: Know what you’re getting into. Read the official rules for your chosen format and platform. Understanding scoring, contest structures, and payout methods is essential before placing any bets or lineups.
- Create an account: Sign up by providing the necessary information and complete any identity verification processes to comply with legal requirements and protect your account. Most platforms also require geolocation tracking to verify location.
- Test the waters: Start by entering free games or those with low buy-ins to get comfortable with the format and platform without risking much money. Once you have a feel for things, you can always play up to your comfort level.
- Set a budget: Decide in advance how much money you will allocate for sports gaming. Stick to those limits to manage risk and avoid overspending. Budgeting and bankroll-management are key components for long-term enjoyment.
- Practice responsible play: Always remember that sports gaming should be fun and entertaining. If you feel it’s becoming stressful or problematic, that could be a sign to take a break and research responsible gaming tips and resources.
Conclusion
If you’re completely new to sports gaming, you have plenty of options to consider. For those with experience in one or more formats, there are intriguing ways to expand your horizons if you’d like to do so.
Over the past decade-plus, we’ve seen the meteoric rise of DFS, the floodgates opening for legal sports betting, and the introduction of new ways to play, such as pick’em contests and prediction markets. It’ll be quite interesting to see what comes next.
In the interim, you’ll find plenty to keep you entertained. Just pick the sports gaming formats that suit you best, learn the ins and outs, and go have a blast while always remembering to wager responsibly.
