Many websites are offering daily fantasy sports while others opt to stick to the more familiar sports betting.
Both of these types of bets have a lot of standard features, and they can be very profitable if appropriately approached.
Their numerous similarities make a lot of people believe they are the same thing, but if you look closely, fantasy betting and sports betting have their distinct features.
If you participate in daily fantasy betting, you will compete with bettors of all abilities. Some are professional and do it for a living while the majority is the ordinary men and women who will grin at the thought of making an extra buck.
The good thing with fantasy betting is a large competition that is available. This makes it easier to face the competitors since it gives you an edge over the commission taken by the website.
On the other hand, it is much risky to bet on sports given the fact that, you only have one competitor (the bookmaker) making your chances of outsmarting them almost nil.
Research required is much less
When it comes to fantasy betting, you only require little knowledge of the payers, and their performance detail can be minimal. For sports betting, a punter will be required to turn page after page of research material and in-depth statistical analysis to be able to come up with the most likely outcome of a sporting event.
Traditional sportsbook has a set amount of deposit that a bettor can place while fantasy betting can be done with as little as $5 for beginners who want to get their feet wet. There are also fewer restrictions on deposits and withdrawals with fantasy betting as compared to sportsbooks who are very strict on matters cash.