What Is DraftKings and How Does Fantasy Sports Betting Work?

Before all of the buzz around sports betting legalization, the primary form of sports betting in the United States came in the form of daily fantasy sports. This wildly popular form of wagering took the country by storm during football seasons past, with players able to set their lineups and hope to win the top prizes in each contest’s prize pools. But how exactly does fantasy sports betting work? With it still being a viable option for bettors, it is worth taking a look.

“DraftKings” by World Poker Tour (CC BY-ND 2.0)

How does fantasy sports betting work?

Fantasy sports betting is best explained as a one-week or one-day fantasy league depending on which sport you are playing it in. Instead of a traditional fantasy league, where players are tasked with selecting a team that they have to stick with for an entire season, players can instead choose a lineup for the day. Each lineup is awarded points based on the performances of the players in it, and the highest point totals win money based on the prize pools available in each fantasy contest.

Football is the most popular sport where this game is contested, with players able to set lineups that last for an entire week of NFL action. Alternatively, they can play contests that last for a Sunday only or other time periods that are within that one-week frame. Contests in sports like basketball and baseball, meanwhile, usually last just one day with the chance for bettors to win a more immediate payout.

Success in daily fantasy sports requires an in-depth understanding of matchups and other factors that could impact player performances. Things like weather, scheduling, and how a player performs against a specific team could all become the difference between finishing in the money and finishing just outside of it.

Does DraftKings do sports betting?

DraftKings was one of the pioneers of the daily fantasy sports industry and is a site synonymous with short-term fantasy contests. Today, DraftKings is involved in the online sports betting world as well. The company has launched its own online sportsbook to keep up with demand thanks to the continued legalization of sports betting across the United States.

Getting started with either the sportsbook or the daily fantasy section of DraftKings is typically easy, as sports bettors can use a DraftKings sportsbook promo code to add to their initial bankroll. The ability to add some of the house’s money to a player’s account using a promo code initially is something that new sports bettors will want to take advantage of, especially if they didn’t know it was an option previously.

Of course, Chicago sports fans will want to have this information handy thanks to the fact that the state of Illinois is in the process of passing sports betting legislation that will allow them to wager at sportsbooks online. DraftKings sportsbook is likely to be a player when the time comes to start taking bets in the state, and bettors should be able to utilize the promo codes that made the site so famous in the first place along with the other features that the site has to offer.

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