If you are good in fantasy football, it can be a great source for you to earn extra money on the side.
The industry has grown to be a giant. Today, millions of people play fantasy football for money.
But When a group of middle-aged men started the fantasy sports over 30 years ago in a Manhattan hotel, they never thought this was going to become a multi-billion dollar online industry.
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According to the Fantasy Sports Trade Association, roughly 10% of the U.S. population participated in fantasy leagues in 2012. That is 33.5 million Americans playing fantasy sports games.
Needless to say, out of all the sports, fantasy football is the most popular one.
How Do You Play Fantasy Football?
According to the NFL, this is how fantasy football works:
You decide what type of league you want to participate in, acquire a roster of players (either through a draft or through autopick assignment), then set your lineup each week during the season and watch as touchdowns, field goals, yards gained, sacks, interceptions and much, much more generate fantasy points for or against your team. Whether you win or lose and climb or fall on the leaderboard all depends on how well you maximize the talent on your roster each week.
Since the points are derived from real actual performances, this fantasy game usually will commence once the actual season begins.
Although, as you will see later on in this post, there is a new site that is changing how this game is played by offering daily and weekly contests.
Here are a few ways in which you can make money playing fantasy football.
1. Participate in Free Fantasy Football Contests
For the biggest prize money, check out the annual contest held by a handful of high-profile websites.
The fantasy football competitions are usually free for all and there is no restriction on any specific or number of leagues you can participate in. Naturally, this greatly enhances your chance of winning.
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Where to Play:
2. Participate in Paid Fantasy Football Leagues
There are also paid leagues where you have to pay entry fees to participate and win cash.
The traditional fantasy leagues usually begin at the beginning of a season with the draft and last months to the official season end.
Here is how it works:
- To get started, you pick your league
- Pay your entry fee
- Pick your team
- If your team wins by getting better stats than the other teams in your league, you win the money.
As for how much money you can make, it all depends on your skills and luck. But there are people who make six figure income with fantasy football.
Where to Play:
6. The Huddle
10. Draft Sharks
But what if you are a football addict and can’t or don’t want to wait for football seasons to start and end?
Good news, DraftStreet is here to help.
Draftstreet is a fantasy football contest site with a twist. Instead of going the traditional way (i.e. starting and ending with the start and end of the football season), it has daily and weekly fantasy leagues all year round.
There are a few dozens daily and weekly leagues with different buy-ins (starting from $2 to $420), different sizes (2 people to 550 people), and different draft styles (snake draft, salary cap, etc.)
3. Run Your Own League
If you perceive yourself to be capable of managing an entire football league, you could try your hand on hosting your own fantasy football league.
Do a small time promotion on Facebook or your personal blog, and when you manage to cajole 10 to 12 players in, you can go to a fantasy football hosting site to create your own free football league.
You charge a flat fee of a $25 for each participant.
Out of it, you get to pocket $5 from each player, with the rest going to a pool, which is the winning amount by the time the season ends.
Top Fantasy Football Hosting Sites
13. Yahoo Fantasy
14. Wanna Make a Bet
Alternatively, you can run a recruitment drive to have some buddies to play in Wanna Make a Bet fantasy football.
This site is funded by ads, so there is no fee whatsoever to join. Here, the prize money is determined by the points you chalk up throughout the season.
Of course, like any other form of gambling, there are risks involved as well.
You could lose a lot of money and not win a dime.
The fact is that we never hear about those people who lost thousand of dollars playing the game. We only hear about those who make money, and that may lead to unrealistic expectations.
I guess the point I am trying to make is that there are two sides here. Don’t gamble your life’s saving thinking you’re going to become a millionaire overnight.
What Do You Think?
I would love to hear your thoughts on this.
Have you ever played in a fantasy football league?
If so, did you win any money or did you lose?