What is the Difference Between Fantasy Sports and Sports Betting?
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When entering the world of gambling as a sports fan, you naturally gravitate towards betting on sports. You’ve probably already competed in a fantasy league with your colleges, so switching to a casino isn’t much of a transition. The problem is, you don’t know what to choose between fantasy sports, and sports betting. This blog post will compare the two.
Comparison Between FS and SB
Sports betting refers to someone who gambles on the odds of a sporting event. The customer would place a wager, and the better often controls the event, the amount of the bet, and how to do it.
Fantasy sports betting takes place on gambling websites in the form of tournaments. There are casino websites that offer thousands at a time, and buy-in can be free to the hundreds of thousands. You compete with people all over the world on your phone as well with online gambling apps like Casumo.
The biggest difference between the two is who you’re gambling against. Sports betting pits you against bookmakers that want to earn a profit from you. With fantasy sports, the owner of the website makes the profit from commissions and by being the middleman. You’ll also be competing with people of varying skill.
Pros of Sports Betting
More Sports
When sports betting, you have a bigger pool of sports to pick from. If you want to follow and bet on football, hockey, cricket and baseball, it’s possible to get all coverage through sports betting. There are also more ways to bet, more ways to wager, and more markets to wager from.
More Websites
Draft King and FanDuel are the most competitive sites in fantasy sports; the rest are all irrelevant. With sports betting, there are more than a dozen websites that have a competitive edge – which means you will too. Since competition is so fierce in online gambling, you’ll find crazy offers, sign up bonuses, and welcome bonuses.
More Profit Potential
If a bet has a +25,000 odd, and you wager $10 on a long shot, you could walk away with a $250,000 pot. This is only if other players bet into the same bot, though. Not just that, you can bet multiple different ways like pleasers, teasers, parlays and progressive wagers. Most of the time, your average win will be higher in sports betting than fantasy sports.
Pros of Fantasy Sports
More Edge
Since you’ll be playing with amateurs, you are more likely to score big time. There are fantasy sports players that can do this full time, but they’re sitting at the big boys’ table. It’s more likely you’ll run into a regular player trying to make a quick buck. With sports betting, you’re going against competitors that have years of experience.
Less Researching
Fantasy sports takes a heck of a lot of research. Not just to form your own teams, but to know
opposing teams as well. A fantasy sports player can take a narrow view. The information from fantasy sports isn’t as in-depth, which means less time looking up statistics and more time betting.
Small Investment
Most fantasy sports players start with an investment of 5 Euros. That’s pretty reasonable for someone just testing the waters. For 5 Euros, you’ll be able to play in most if not all of the contests listed on websites. The only issue with starting off very small is that you won’t earn much in the long run; so don’t keep it small.
Conclusion
If you aren’t sure about which one to choose, I would pick fantasy because of its ease of entry, small learning curve, and low investment. It wouldn’t feel great to lose all of your money on a bad bet. You’ll also be able to understand sports betting from the sidelines and work your way up to it. You’ll have to have extended knowledge on players to attempt sports betting, and fantasy sports will prepare you for that.
