Fantasy Sports Betting is quickly gaining traction in the sports betting world. Apart from being the next addictive form of betting, the main reason is perhaps due to the fact that it is 100% legal in the United States! This may come as a shock to many and the fact that popular online Fantasy Sports websites constantly needs to assert and advertise the fact that it is legal gives us the idea that even these companies are not convinced about the legality of Fantasy sports betting. The idea of legal fantasy betting has slowly started to sink in to the online sports betting world as more and more websites are popularizing the idea.
By United States Law, based on the Online Gambling Act that was passed in 2006, Fantasy Sports was specifically exempted due to the fact that it was considered a skill game rather than a game of luck. They argue that Fantasy Football and other Fantasy sports is based on in-depth knowledge of the players, the game and statistical data and relying on this knowledge and information would indefinitely allow a player to beat a player without this knowledge unlike in the case of gambling.
While this can be a strong case, it should be understood that there are other games that have a similar stance to it. Poker for example, which is strictly restricted online as it is considered gambling is also considered a game of skill by the poker community where the professionals at the game continually rake in winnings in comparison to the lesser experienced players.
Another reason why Fantasy Football has fallen in the shadows as far as online gambling is considered is due to the fact that the vast majority of Fantasy Sports players still play the game as a hobby without any real currency involved. In fact, a lot of the online players claim that their motivation for playing Fantasy Sports betting is more of a fun hobby to actualize a dream they have rather than to make money.
Others who are against the idea of Fantasy Sports define it more simply, they argue that there is an element of chance that governs the result of the game and simply put, this means there is a gamble involved. Nevertheless, it doesn’t seem like Fantasy Sports betting is going to be passed as illegal, at least not anytime soon.
This poses as a serious opportunity for players who are well knowledgeable and are ambitious enough to give themselves an edge in this field to make a consistent profit. In fact, there are stories of a select few individuals who have quit their day jobs to pursue fantasy football fulltime. Some of these fulltime players profit as much as $100,000 a year playing Fantasy Football relying on their knowledge of the game. According to http://www.legalfantasybetting.com/, venture capitalists have lined up to get a piece of the pie mainly from the top two sites, Draft Kings and Fan Duel.
The fact that Fantasy Football is here to stay and booming and major brands in the industry are signing partnerships with popular fantasy sports websites makes it an ideal time to invest in it. The two major websites currently in operation housing thousands of players every day are Draft Kings and Fan Duel. While the long term future of the industry is uncertain, it is apparent that the sport will continue to thrive for the foreseeable future.