NBA fantasy basketball has kicked it up a notch in what they are able to offer fantasy players interested in forming teams. New ways to win money through fantasy-style websites incorporate different types of leagues and tournaments available to play. This is the perfect formula for those players who enjoy fantasy basketball and understand how to put together a winning combination. Doing so could lead to some big paydays in the near future, with leagues continuously forming during the NBA season.
Exactly how fantasy players can become involved + the opportunities to win cash playing fantasy sports games are discussed here. Millions of dollars are paid out every month through these fantasy sports websites; shouldn't you get in on the action and earn your cut?
Is Betting On NBA Fantasy Basketball Legal?
It's natural to think that since money is being placed down on the performance of athletes within fantasy sports that it would be illegal under the law. But actually in fact, the law allows for fantasy sports betting to be conducted in the United States legally. This has not been met without some questions and concerns as to why fantasy sports gets the benefit of the doubt while traditional sports gambling does not. And while those issues might be valid, that doesn't change the fact that wagering on NBA fantasy leagues for money is legal at the federal level.
When it concerns state laws, some fantasy betting websites featuring the NBA will limit their account holders. There are a handful of states where accounts might not be able to be created for prospective bettors. DraftStreet.com for example doesn't permit residents in Montana, Iowa, Arizona, Louisiana, and North Dakota to play in contests for money. Free leagues are wide open however, as is the case at all sites.
Who Can Play and Bet On NBA Fantasy Basketball?
Exactly who can bet on NBA fantasy basketball coincides with some of the laws and legislation in place at the state level. Federally speaking, the door is left open for all states to play. From the state perspective, those mentioned above have ordinances that would give reason for sites not to allow money-leagues.
Generally speaking, players will need to be at least 18 years old to place bets at NBA daily fantasy sites. This is whether users are playing for real money or for free. Since an account is required, the rules of that account must be followed.
NBA Fantasy Basketball Betting Websites
There are several different ways to bet on NBA fantasy basketball. As such, websites will be tailored to these leagues, which is good for fantasy owners because the options there are all different preferences for owners. Check these out below, as information on the three websites you'll come across are detailed.
Traditional NBA Fantasy Basketball Leagues
This is the original type of league that was formed. NBA fantasy basketball in the traditional sense spans the entire regular season. If you choose to get into this type of league, know that it will be a commitment for the entire season. If you are someone who might not keep up with it each week, you're doing yourself no justice in going with this type of site.
How Does It Work? - NBA players are selected to teams in the league through a draft. Once a player comes off the board that player is owned by only that fantasy owner. Owners put together a lineup for each day based on the team they drafted. Teams will go up against other fantasy teams from that specific league.
How Much Can You Win? - It depends on the league and what sites it's set up with. Some websites have prizes that can be purchased to give the league an extra boost. In most cases for a league like this, money will be given and put into a prize pot at the end of the season, and distributed according to the league agreement.
Daily NBA Fantasy Basketball Betting Websites
The option to commit all season long, or play at various times throughout the season comes along with daily NBA fantasy basketball sites. It's almost the best of both worlds, though there are some differences to be aware of. Often times, you'll see those who play at traditional sites also bet money on fantasy games in the NBA at daily sites. The two can work well together because they bring in unique aspects to the season.
How Does It Work? - Each day represents a new season, where results are determined and paid out for that day. Once the next day comes along, it's an entirely new selection process for a different team. Fantasy players can join as many leagues as they want.
How Much Can You Win? - There is no limit on the amount that can be won through a daily league. This is because the number of tournaments + the amount they play for is determined by the user. Some like to play for a few dollars here and there, while others play for and win thousands every day if they pick the right team.
Betting NBA Player Propositions At Online Sportsbooks
This type of bet is different from fantasy sports. However, those who like to bet fantasy basketball might also like to wager on prop bets so we want to include this alongside them. These bets can be made legally at online sportsbooks, but they will operate offshore outside of the U.S.
How Do They Work? - A prop bet on an NBA player will be similar to fantasy stats. Wagers on points, rebounds, assists, steals, and various combinations will be available. But there are no leagues to join, there are only betting lines to wager. Place the bet on a specific betting line, and that outcome will be determined for the one matchup that night.
How Much Can You Win? - However much money you wager will result in the gross profit made. The margin will be equal whether a bet is made for $5 or $50. But say for example the payout is even money; a $5 bet would profit $5 while a $50 bet profits $50. The percentage is the same, but the amount is larger because the higher bet total netted a bigger profit. Profit margins can vary depending on the type of wager made. For example a parlay where multiple player props can be grouped together will win more than a straight bet.
Other Important Details To Consider Before Betting
Aside from the player prop betting sites, fantasy owners can play at the other two websites for free or for money. If the option to play for money is what interests you, then funding and account and ultimately getting paid out from the winnings you accumulate will be a part of the experience.
Funding Your NBA Fantasy Basketball Website Account
What To Do - Consult the cashier section on the website to find out the details about the specific deposit methods accepted on site. From there, select the method best suited for you and the amount you desire.
Common Deposit Options At NBA Fantasy Sites - Methods often found include credit cards (Visa, AMEX MasterCard, Discover, etc.) and PayPal.
Getting Paid Out From Your NBA Fantasy Basketball Site Account
What To Do - Click into the cashier section of the site and request a withdrawal. At this time, the options will be presented to you. Details such as the amount you want to withdraw, how fast payouts take, and potential limits can be found at this time.
Common Payout Methods At NBA Fantasy Sites - The two options most often seen are checks and a PayPal account.
