Guide on How DraftKings Works

Gone are the days when sports betting was the seasonal obsession of a few men sitting around the television screen. Now women and men, teenagers and grandparents all take part in watching sports, partly because it’s so easy to find an event!

If you’re interested in getting started with betting on sporting events, you should definitely check out DraftKings. DraftKings is a sportsbook and fantasy sports betting website where you can place a bet and win cash online. 

But, how does DraftKings work? And, more specifically, how does DraftKings work for UFC bets? In this guide, we’ll take a look at everything you need to know!

What Is DraftKings?

DraftKings is one of the most popular fantasy sports platforms in the world and boasts millions of users. However, it also boasts a well-rounded sportsbook that’s also great for placing bets on your favorite sports games and fights!

DraftKings is limited to players from the US and Canada (for now). They cover a ton of different sports, including: 

  • NFL
  • NBA
  • NHL
  • MLB
  • Soccer
  • Golf
  • Tennis
  • NASCAR
  • eSports
  • MMA

Speaking of MMA, you can actually use MadLab’s optimizer to get the best Lineups for you DFS Lineups! It’s the perfect way to make sure you’re rostering the best lineups per each event!. 

DraftKings offers cash payouts for most of the contests and events on the platform. Some sports have variable payouts that depend on the number of players and their respective scores at the end of the match.

Others, especially platform-wide tournaments have no limit on the number of players, resulting in guaranteed winnings of up to millions of dollars.

What States Allow You to Play on DraftKings?

Even though US and Canadian customers can use DraftKings, that’s not to say that you’re able to play it in every state. Currently, the sportsbook is available in 17 states.

The full list of states that allow you to play in the sportsbook includes: 

  • Arizona
  • Colorado
  • Connecticut
  • Illinois
  • Indiana
  • Iowa
  • Louisiana
  • Michigan
  • New Hampshire
  • New Jersey
  • New York
  • Oregon
  • Pennsylvania
  • Tennessee
  • Virginia
  • West Virginia
  • Wyoming

How DraftKings Works

If you’re wondering “how does the DraftKings sportsbook work”, we hear you. This sportsbook works by collecting entrance fees from players who are interested in joining a game. Typically, the sportsbook collects a 10% cut of the entrance fees.

The result is that the majority of the money players enter into the game goes straight into the betting pool. The money can then be recuperated depending on what sport you bet on.

Now that you have a general idea of how the sportsbook works, let’s take a closer look at the details. 

Step One: Find an Event

The first step to placing a bet on DraftKings is to find an event. You can use the search feature on the site to find different competitions and games that are going on.

You can also click on the different betting sections on the site. That way, you’re able to select the match that you’re interested in and make sure that you’re betting on events that you care about.

Step Two: Place Your Bets

After you find an event, it’s time to place your bets. You can place tons of different types of bets, including over/unders, Moneyline bets, parlays, and more. 

You can place up to 12 bets at a time, which means you can bet on multiple events. Or, you can just cast several different types of bets on the same event. 

Step Three: Wait for the Win

After you’ve cast your bets, all that’s left to do is wait! You can track the game in real-time by clicking on the chosen event. That’s a great way to keep up with how your bets are going so you can monitor whether you’re likely to win or not.

Is DraftKings Worth It?

When most people look for a sports betting platform they want to know if it’s worth the money. We were very impressed by what we saw of the service on DraftKings.

As well as being impressed with the number of sports and competitions available in the sportsbook, we liked the simplicity of the menu navigation and the ease with which you can get started. 

DraftKings also has an excellent sports betting service, offering all the facts and figures you need to determine who you should be rooting for.

Better yet, the site feels secure. They have trusted payment options such as PayPal that you can use if you’re not comfortable plugging in your credit card details. And, they make it easy for you to make withdrawals. 

DraftKings’ customer service is also pretty excellent. If you have questions or need additional support, they provide quick answers that help get you sorted out.

Benefits of DraftKings

DraftKings offers users a couple of different benefits. For one thing, as we mentioned, they have great customer service. That makes them a super convenient sports betting site for you to try out.

Another benefit of DraftKings is that they offer a wide range of games. You can try betting on sports, fantasy sports, competitions, or even try playing in the online casino. 

We also love the fact that they have unique ways of participating. For example, DraftKings has a Supercontest-style game that ups the ante and makes your matches even more exciting. 

Finally, one big benefit of DraftKings is that they offer an app. The app works on both Android and iPhone devices, so you can play or keep up with your bets while you’re on the go.

Get Started With Sports Betting at DraftKings

Betting on sports at DraftKings is easy and straightforward. And, now that you know how DraftKings works, we’re confident that you’ll be able to start winning big!

Speaking of winning big, if you’re trying to become an expert at betting on UFC and fighting matches, MadLab can help. Join our community to get access to podcasts and betting resources that help you win big every time.

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