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Daily fantasy sports (DFS) and traditional sports betting
have a lot in common. They are both popular forms of gambling
for example, and they also require similar skill-sets and
knowledge bases. It’s possible to gain an edge and make long
term profits with both as well.
have a lot in common. They are both popular forms of gambling
for example, and they also require similar skill-sets and
knowledge bases. It’s possible to gain an edge and make long
term profits with both as well.
In addition to the similarities they share, however, there
are also some key differences between the two. The commissions
charged are different for one thing, and in DFS the opponents
are other human players rather than bookmakers. The laws that
govern the two activities are different too, or at least they
are in some regions. This point is particularly relevant if you
live in the United States, due to the complicated laws regarding
sports betting as you’re probably all too aware of. The legal
situation is a lot clearer with daily fantasy sports.
are also some key differences between the two. The commissions
charged are different for one thing, and in DFS the opponents
are other human players rather than bookmakers. The laws that
govern the two activities are different too, or at least they
are in some regions. This point is particularly relevant if you
live in the United States, due to the complicated laws regarding
sports betting as you’re probably all too aware of. The legal
situation is a lot clearer with daily fantasy sports.
On this page we explore what we believe to be the biggest
similarities and differences between daily fantasy sports and
traditional sports betting. This should help you to make a more
educated decision about which one you’d rather pursue.
Top Tipsimilarities and differences between daily fantasy sports and
traditional sports betting. This should help you to make a more
educated decision about which one you’d rather pursue.
Keep in mind that daily fantasy sports and
traditional sports betting are NOT mutually exclusive. You can
easily enjoy both hobbies at the same time. In fact, any
experience you gain in DFS can improve your betting abilities,
and vice versa.
traditional sports betting are NOT mutually exclusive. You can
easily enjoy both hobbies at the same time. In fact, any
experience you gain in DFS can improve your betting abilities,
and vice versa.
Smart Players Can Profit from Both
One of the better written books about gambling is How to Make
$100,000 a Year Gambling for a Living by David Sklansky and
Mason Malmuth. In that book, the authors point out that there
are only a handful of gambling activities where you can
realistically gain enough of an edge to make a living. These are
as follows. Baccarat online android free.
$100,000 a Year Gambling for a Living by David Sklansky and
Mason Malmuth. In that book, the authors point out that there
are only a handful of gambling activities where you can
realistically gain enough of an edge to make a living. These are
as follows. Baccarat online android free.
- Blackjack
- Poker
- Sports Betting
- Video Poker
The book came out long before the advent of daily fantasy
sports, but had they been around when the book was written then
the authors might well have included them.
sports, but had they been around when the book was written then
the authors might well have included them.
One of the observations in the book was that a smart, skilled
sports bettor can make more money as a professional gambler than
anyone specializing in any of the other forms of gambling on the
above list. That may be up for debate, but it’s a fact that you
can make money from sports betting if you know what you’re
doing. The same applies to daily fantasy sports, and they have
the potential to be just as profitable as traditional sports
betting for most gamblers.
sports bettor can make more money as a professional gambler than
anyone specializing in any of the other forms of gambling on the
above list. That may be up for debate, but it’s a fact that you
can make money from sports betting if you know what you’re
doing. The same applies to daily fantasy sports, and they have
the potential to be just as profitable as traditional sports
betting for most gamblers.
Both DFS and traditional sports betting offer the opportunity
to profit from your knowledge of a particular sport, or sports.
That’s not enough by itself, as you need to be able translate
that knowledge into mathematically advantageous strategies, but
consistent profits are possible with the right approach and a
willingness to learn.
to profit from your knowledge of a particular sport, or sports.
That’s not enough by itself, as you need to be able translate
that knowledge into mathematically advantageous strategies, but
consistent profits are possible with the right approach and a
willingness to learn.
In other words, if you’re smart and willing to work hard, you
can earn a living from daily fantasy sports or from sports
betting. Remember, as we already mentioned, you don’t even have
to choose between the two. There’s no reason why you can’t be
profitable at both.
can earn a living from daily fantasy sports or from sports
betting. Remember, as we already mentioned, you don’t even have
to choose between the two. There’s no reason why you can’t be
profitable at both.
Daily Fantasy Sports Is Legal and Safe
Sports betting is completely legal in many parts of the
world. Certain regions, such as the United Kingdom for example,
have bookmaking shops where you can bet on any sport you want.
In many other places, online betting is 100% legal and fully
regulated.
world. Certain regions, such as the United Kingdom for example,
have bookmaking shops where you can bet on any sport you want.
In many other places, online betting is 100% legal and fully
regulated.
If you live in the United States, however, your situation is
somewhat different. The only way to bet on sports without having
any cause for concern is to use Las Vegas books. This is legal,
and perfectly safe too. There’s no need to worry about getting
arrested or not getting paid out, as these books operate within
the law and pay their winners right away. Betting online is an
alternative option, but it’s not an entirely legal one.
Please Notesomewhat different. The only way to bet on sports without having
any cause for concern is to use Las Vegas books. This is legal,
and perfectly safe too. There’s no need to worry about getting
arrested or not getting paid out, as these books operate within
the law and pay their winners right away. Betting online is an
alternative option, but it’s not an entirely legal one.
The gambling laws in America are
confusing at best, but we’ve tried to explain them as clearly as
possible on our page covering US gambling legislation.
confusing at best, but we’ve tried to explain them as clearly as
possible on our page covering US gambling legislation.
No American is likely to be arrested for betting online, as
the laws and enforcement activities focus on the books and not
the people using them. This can still affect you though. If an
offshore sportsbook you’re using gets shut down by US law then
you may lose any money you have there.
the laws and enforcement activities focus on the books and not
the people using them. This can still affect you though. If an
offshore sportsbook you’re using gets shut down by US law then
you may lose any money you have there.
Consider, too, what kinds of businesses are willing to
operate on the wrong side of the law. If they’re willing to take
your action knowing that it’s illegal under federal law, are
they likely to have a strong moral code when it comes to paying
out winnings? Maybe some of them will, but surely some of them
won’t. This problem can be avoided by using reputable betting
sites, but it’s still something for American sports bettors to
think about.
operate on the wrong side of the law. If they’re willing to take
your action knowing that it’s illegal under federal law, are
they likely to have a strong moral code when it comes to paying
out winnings? Maybe some of them will, but surely some of them
won’t. This problem can be avoided by using reputable betting
sites, but it’s still something for American sports bettors to
think about.
Daily fantasy sports, on the other hand, are legal and safe.
These games use the same rules as traditional fantasy sports
contests, which have never been legally controversial in the
USA. You can play from your computer too, so there’s no need to
travel to Vegas to participate.
These games use the same rules as traditional fantasy sports
contests, which have never been legally controversial in the
USA. You can play from your computer too, so there’s no need to
travel to Vegas to participate.
For Americans wanting to get money into action on sports over
the internet, daily fantasy sports have a clear advantage over
offshore sports books.
the internet, daily fantasy sports have a clear advantage over
offshore sports books.
DFS & Sports Betting Both Have Commissions
Daily fantasy sports sites usually keep a 10% commission on
all entry fees before paying out cash prizes. Here’s how that
works.
all entry fees before paying out cash prizes. Here’s how that
works.
You and one other player are involved in a heads-up fantasy
sports contest. You each pay $50 to enter. The prize for the
winner is $90. The other $10 goes to the site for hosting the
event. That’s a 10% commission.
sports contest. You each pay $50 to enter. The prize for the
winner is $90. The other $10 goes to the site for hosting the
event. That’s a 10% commission.
Bookmakers also keep a commission, but the net amount is
usually lower. Here’s how that usually works.
usually lower. Here’s how that usually works.
You place a wager with a bookmaker and have to put up $110
in order to win $100. That looks like a 10% commission, but it’s
actually only around 5%. The total potential return when
wagering $110 to win $100 is $210, and that’s the figure used to
calculate the commission percentage.
in order to win $100. That looks like a 10% commission, but it’s
actually only around 5%. The total potential return when
wagering $110 to win $100 is $210, and that’s the figure used to
calculate the commission percentage.
The net effect of this difference is that you’ll need to
maintain a higher winning percentage in order to break even in
daily fantasy sports. You need a roughly 52.4% win rate at
sports betting when laying $110 to win $100. But in daily
fantasy sports, you need a roughly 55.6% win rate to break even.
This also means that you need a correspondingly higher win rate
in order to achieve the same goals for your ROI (return on
investment).
Further Informationmaintain a higher winning percentage in order to break even in
daily fantasy sports. You need a roughly 52.4% win rate at
sports betting when laying $110 to win $100. But in daily
fantasy sports, you need a roughly 55.6% win rate to break even.
This also means that you need a correspondingly higher win rate
in order to achieve the same goals for your ROI (return on
investment).
Our explanation relating to how
bookmakers charge commission is deliberately simplified for the
purposes of this article. For a more detailed look at the
subject, please read our article on how bookmakers make money.
bookmakers charge commission is deliberately simplified for the
purposes of this article. For a more detailed look at the
subject, please read our article on how bookmakers make money.
There’s No Bookmaker to Beat in DFS
We’ve just mentioned how the commissions for DFS are
effectively higher than those charged by bookmakers. Although
this appears to be an obvious disadvantage of playing daily
fantasy contests, when you take other factors into account it’s
not actually that big a deal.
effectively higher than those charged by bookmakers. Although
this appears to be an obvious disadvantage of playing daily
fantasy contests, when you take other factors into account it’s
not actually that big a deal.
One factor that should be taken into account is that sports
betting involves pitting your skills against the skills of the
odds compilers and handicappers that are employed by bookmakers.
These people are very skilled, and they are essentially the main
reason why the sportsbook business is so profitable.
betting involves pitting your skills against the skills of the
odds compilers and handicappers that are employed by bookmakers.
These people are very skilled, and they are essentially the main
reason why the sportsbook business is so profitable.
In the case of the Vegas lines, you’re talking about experts
with a practically unlimited access to data and its analysis.
It’s hard to compete with that kind of analysis and win enough
wagers to make money on a consistent basis. They set the odds
and lines with such efficiency that it’s incredibly difficult to
gain an edge over them. It’s possible, but it’s very
challenging.
with a practically unlimited access to data and its analysis.
It’s hard to compete with that kind of analysis and win enough
wagers to make money on a consistent basis. They set the odds
and lines with such efficiency that it’s incredibly difficult to
gain an edge over them. It’s possible, but it’s very
challenging.
When you enter a daily fantasy sports contest, you’re facing
other people just like yourself. Some of the opponents you come
up against might be more skilled than you, but they won’t all
be. In fact, many of them will be not very good at all. You
certainly won’t face many opponents who are as hard to beat as
the bookmakers.
other people just like yourself. Some of the opponents you come
up against might be more skilled than you, but they won’t all
be. In fact, many of them will be not very good at all. You
certainly won’t face many opponents who are as hard to beat as
the bookmakers.
In this respect, daily fantasy sports contests resemble poker
games. If you’re one of the best players at a poker table, you
can consistently put yourself into positive expectation
situations and win money more often than you lose. The same
applies to being one of the best fantasy sports players on a
site.
games. If you’re one of the best players at a poker table, you
can consistently put yourself into positive expectation
situations and win money more often than you lose. The same
applies to being one of the best fantasy sports players on a
site.
Both Activities Might Be Addictive
Sports Gambling Jobs
Gambling of any kind can be a curse to people with behavior
control problems. The science behind gambling addiction is
clear, and it’s all to do with the human mind and the
biochemistry of the brain. Without the right levels of
self-control, it’s entirely possible to create a dependency on
the highs and lows of gambling.
control problems. The science behind gambling addiction is
clear, and it’s all to do with the human mind and the
biochemistry of the brain. Without the right levels of
self-control, it’s entirely possible to create a dependency on
the highs and lows of gambling.
This a very important point to note. The internet is rife
with horror stories of people whose lives have been ruined by
gambling, and you don’t want to be one of those people. If
you’re someone who has quit gambling on sports because of your
addictive personality, daily fantasy contests are not a safe
alternative. If you can’t control your impulses when betting on
sports, changing to another form of gambling is not going to
help.
with horror stories of people whose lives have been ruined by
gambling, and you don’t want to be one of those people. If
you’re someone who has quit gambling on sports because of your
addictive personality, daily fantasy contests are not a safe
alternative. If you can’t control your impulses when betting on
sports, changing to another form of gambling is not going to
help.
Gambling addiction is similar to alcohol addiction.
Alcoholics can’t get their drinking under control just by
switching from whiskey to beer. It just doesn’t work.
Alcoholics can’t get their drinking under control just by
switching from whiskey to beer. It just doesn’t work.
Lots of people can enjoy gambling as a hobby, but many others
can’t. If you’re in the latter category, just stay away from
traditional sports betting AND daily fantasy sports. The
potential misery isn’t worth it. If you think you need help,
then do something about getting that help. Life is precious, and
every moment you spend as a slave to an addiction is a moment of
possible freedom wasted.
can’t. If you’re in the latter category, just stay away from
traditional sports betting AND daily fantasy sports. The
potential misery isn’t worth it. If you think you need help,
then do something about getting that help. Life is precious, and
every moment you spend as a slave to an addiction is a moment of
possible freedom wasted.
Summary
We’ve shown that traditional sports betting and daily fantasy
sports have some things in common, and there are also some
differences between the two activities. Each has its own
advantages and disadvantages.
sports have some things in common, and there are also some
differences between the two activities. Each has its own
advantages and disadvantages.
An experienced sports bettor may feel much more comfortable
sticking with what he knows. An American may be happier playing
daily fantasy sports due to the clearer legal situation. There’s
no right or wrong here, and it’s a simple matter of personal
preference. We don’t recommend one over the other.
sticking with what he knows. An American may be happier playing
daily fantasy sports due to the clearer legal situation. There’s
no right or wrong here, and it’s a simple matter of personal
preference. We don’t recommend one over the other.
What we do recommend, though, is that you at least give daily
fantasy sports a try. You might not like it, but you might just
love it.
fantasy sports a try. You might not like it, but you might just
love it.
- Gonzaga is a -4500 favorite over Pepperdine.
- Arsenal has -170 odds to defeat Crystal Palace on the three-way moneyline.
- The Vegas Golden Knights kick off their season against the Anaheim Ducks.
LAS VEGAS - Welcome to Thursday’s edition of the Daily Sports Betting Preview!
This edition of the Preview starts out with an examination of some prop bets on Gonzaga’s matchup against Pepperdine.
Then, Arsenal takes on Crystal Palace in Premier League action. Finally, the Vegas Golden Knights take on the Anaheim Ducks in what should be a solid NHL matchup.
There’s a lot to cover, so let’s get started!
Gonzaga vs. Pepperdine
Gonzaga, the number one team in college basketball, is set to play a sleeper of a matchup against Pepperdine on Thursday night.
Gonzaga vs. Pepperdine
- Pepperdine +1250
- Gonzaga -4500
In the context of such a lopsided head to head matchup, many bettors will turn to prop betting opportunities on this matchup.
First Team to reach 20 points
- Pepperdine +500
- Gonzaga -900
For example, Gonzaga may be -4500 on the moneyline, but to be the first team to 20 points they are -900, which is five times more profitable.
The question regarding this wager is whether or not one thinks Gonzaga is five times less likely to be the first team to 20 than they are to win the game.
The odds imply that outcome, but this could be a decent value wager.
First team to reach 10 points
- Pepperdine +450
- Gonzaga -850
The first to 10 point wager is a bit riskier, mostly because the odds on it are roughly the same as the first to 20 wager, but it carries half the sample size.
This means that of all the wagers one could make on Gonzaga, the first to 20 points seems like the most profitable when compared to the potential risk. Of course, it’s highly likely that all of these wagers end up cashing, given that Gonzaga’s side of them is favored heavily.
That said, the first to 20 wager deserves special attention from college basketball betting buffs who wish to wager on this matchup.
Premier League Betting
The Premier League brings a matchup between Arsenal and Crystal Palace to the table on this fine Thursday.
Arsenal might be a far bigger name than Palace, but the two teams are not far removed from each other in terms of performance this season. Crystal Palace enters this matchup at 13th place in the Premier League, while Arsenal boasts a spot only two places higher, at 11th.
Palace is only one point behind Arsenal on the table, which means that if Palace manages to win this game, they will jump ahead of Arsenal in the standings.
Arsenal has been on a downward spiral for the last few months, but they have gotten a bit back on track recently, with three straight wins in the Premier League. Palace, meanwhile, has only won one of their last five games.
Crystal Palace vs. Arsenal
Sports Betting Daily Picks
- Arsenal -170
- Crystal Palace +500
- Draw +300
Arsenal has a very good shot to win this matchup, with -170 odds to take the win on the three-way moneyline.
The least likely outcome is Crystal Palace winning outright, at +500 odds.
Crystal Palace vs. Arsenal
- Arsenal -500
- Crystal Palace +330
Pink bingo dabber. Arsenal’s -500 odds on the no draw moneyline make them a huge favorite over Palace in the straight-up matchup.
A draw seems like a plausibly likely outcome in this match, although Arsenal’s recent run of good form means that they are clear favorites. Soccer betting enthusiasts will likely end up laying the favorite in this compelling Premier League matchup.
NHL Betting
The NHL is back, and of all the games set to be played on Thursday evening, only one of them features a team with odds shorter than +1000 to win the Stanley Cup.
That team? The Vegas Golden Knights, who are one of four major favorites to win the Cup this year.
2021 Stanley Cup Champion
- Colorado Avalanche +650
- Tampa Bay Lightning +800
- Vegas Golden Knights +900
- Toronto Maple Leafs +900
The Golden Knights are tied for the third-best odds to win the Stanley Cup, and today, they face off against the Anaheim Ducks.
Vegas Golden Knights vs. Anaheim Ducks
- Anaheim Ducks +180
- Vegas Golden Knights -220
The Golden Knights are -220 favorites over the Ducks, who are regarded as one of the worst teams in the league.
The Ducks have +9000 odds to win the Stanley Cup and are coming off of a season in which they were the third-worst team in the Western Conference.
The Golden Knights are certainly favored in this matchup, but one wonders if they aren’t bigger favorites in reality than they are on the odds boards.
NHL betting fans will want to take a long look at the Golden Knights in this game, as they seem primed to come out of the gate with a win against this level of opposition.
Good luck!
Maxwell joined the USAOnlineSportsbooks team in 2019. He focuses on creating sports betting content that informs and educates. He focuses on the NBA, the NFL, College Football and Basketball, and whatever else comes across his desk.