Fantasy Sports “is a league of players who join together to draft their own teams and earn points based on their performance. Yahoo Fantasy Sports provides the infrastructure for US residents to play for real money.” (Al Moe, casinogambling.about.com, 7th October 2015) There is something wrong with this quote; online gambling is essentially illegal in America. But Yahoo offers the foundation to Americans in using real money.
In Fantasy Sports, like any other casinos’ card games – gamblers are playing against each other but there are house edges to make sure the host still earns. However, there are articles that claim that football betting online ; even though appears as the most logical way of gambling, it would ruin one’s bank roll in long-term effects. Because it was calculated and evaluated that gamblers have to win over 52 percent of the wages, in order to gain the same amount they lose. What are the odds then?
Yahoo, a company based in the USA offers an alternative to gamblers, who are hesitant about which online sportsbook they can trust. For example, there are lists of Malaysia’s online betting websites; choice-overload could confuse gamblers and if lucky they would pick the right one. Thus, Yahoo erases that problem with its famous company’s name, it surely is legit. Al Moe also stated again in his article that “Yahoo contests are governed by the laws of the United States. You must be 18 years of age to play, and you must be a resident of the District of Columbia or one of the fifty United States – with the exception of five that are still holding out against any online gaming,” This blurs the limit of regulations’ power that is being exercised in the USA; thus this puts online gaming in the grey scale of being legal or not.
It is easy to sign up for this kind of betting. When usually sports betting are made with pari-mutuel type of gambling, however, this one uses the system of card games instead. Basically, all the wagers and expenses are paid before the game starts. The list of expenses is: wager and entrance fee. When the game begins, the scores will be accumulated into a category, in accordance with the chosen athlete’s performance. Then, the rewards will be granted to the one with the highest point of all. Unlike the Malaysia online casino, the points that they use to judge the winner is from the point spread. Also, gamblers tend to listen to the oddsmaker before they can actually wager, and inform the bookie to record their bets.
The NFL betting for example: “In this form of wagering, the team that is favored gives a set number of points to make the game closer. That means that if team “A” is a bit better and expected to win, they might be -3 points. For wagering purposes, the casino says the better team gives up three points and the worse team gets three points.”
In overall, usually sports betting uses the system of pari-mutuel betting, however the Fantasy Sport offers a different approach. The game requires bettors to choose one athlete, and wait to see if the person’s scores could accumulate to the highest of all. Whereas for NFL, gamblers are supposed to pick a team according to what experts say, in order to get more chances to win.
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