The Complete Guide on How DraftKings Fantasy Sports AND Betting Works
The sports betting industry has seen over $125 billion placed on wagers since 2018. Sports betting has quickly become one of the largest industries in the world.
With several sports betting websites such as DraftKings, FanDuel, and BetMGM, users have their choices of where to place wagers.
To start placing bets, users must answer questions such as, how does DraftKings work? How does DraftKings work with UFC? And how does DraftKings fantasy sports work?
Keep reading to find the answers to each question!
What is DraftKings?
DraftKings is a leading contender in the sports gambling space. The betting service allows users to place a bet on a wide array of sports.
DraftKings is legal for anyone aged 21+ and located in the following states:
- New Jersey
- West Virginia
- New Hampshire
The sports betting platform works in two ways. The first way being their sportsbook and the second being their fantasy sports leagues. The two are similar and can be hard to make a distinction between when you are first starting out.
How Does DraftKings Work?
DraftKings Sportsbook is one of the many sports betting platforms online. With the help of sports betting being legalized in 2018, DraftKings sportsbook was able to take shape. The sports betting site allows for users to place bets on select sports, games, and matches in select locations.
DraftKings Sportsbook is very easy to use. The sportsbook allows users to place multiple bets at the same time while keeping them organized and accessible. In doing so, users can always know what bets they placed and the outcome of each wager.
To start betting, users need to create an account and deposit funds. Once a user has created their account, they can select a wide array of bets to place. Popular betting options include the NFL, NBA, MLB, and NHL. The site also offers less popular options such as water polo, table tennis, and darts.
Once a user has their wager in mind, they can choose from three options. The first being an outright bet meaning you only select one outcome. The second being a parlay, meaning you select multiple outcomes for multiple events. The third is a same game parlay. This means you select many outcomes from the same sporting event.
Users then make money depending on how much they wager and how great their odds are. The higher the odds, the higher the payout. The more selections you make with a parlay, the higher your odds will be which equates to more money. A user will only make money if their bet comes true (example: Chicago Bears win a game).
Using a sports betting strategy can help users earn more money on their bets. There are sites that use expert analysis to create a better understanding for users. Betting on sports can be difficult; however, certain betting sites can be helpful.
How Does DraftKings Fantasy Sports Work?
Fantasy GAMES on DraftKings can be created by a group of friends or between complete strangers who are fans of a sport.
Daily fantasy users have the opportunity to draft a new team of athletes for their specific sport daily instead of seasonally. For example, a user would pick a daily team for baseball or a weekly team for football.
With daily fantasy sports, users are able to switch their teams each week. This gives them the opportunity to avoid injuries of players or draft players who are performing well.
Users make money and win based on player performances. In order to partake in Games, users must deposit a predetermined amount of money.
How Does DraftKings Work: UFC
Sports betting with DraftKings allows for fans to gain more than pride in their teams or favorite athletes while watching a competition. By betting on UFC fights, users and fans can get more out of each round.
Outright bets with UFC work the same way with any other sport. Instead of betting on a team, over/under of total points, or spread, you bet on a fighter and over/under total rounds.
Outright bets also include the distance of the fight and how each fight will be settled (TKO, unanimous, first round, etc.).
A parlay bet in UFC on DraftKings allows you to pick several winners on the same fight card. Bettors can select winners of different fights, lengths of fights, and outcomes of fights to create larger odds. In doing so, the bettor creates a larger risk which would result in a higher payout.
Parlay bets can also be made within the same UFC fight. You can select the distance of a fight, who will win, and how they will win in the same bet.
UFC Fantasy Sports Betting
UFC on DraftKings also has a daily fantasy option for bettors to use. DraftKings allows you to draft your unique roster of fighters before competing against other users.
Users must pick their roster of five fighters using a set salary cap. Each fighter then gives their correlating team certain points. Based on those points, a Player will either win or lose their matchup.
On DraftKings, UFC betting can be done in several ways, with the most popular being outright (single) bets, parlays, and fantasy betting leagues. To gain a better understanding, users should seek guidance from experts.
Start Betting on DraftKings Today
DraftKings is a user-friendly betting service that allows users to place wagers on a multitude of options. Now that you have the answers to the questions of ‘how does DraftKings work?’, ‘how does DraftKings fantasy sports work?’, and ‘how does DraftKings work with UFC?’ You can start betting.
Contact us today to get started with betting advice and UFC advice.