Frequently Asked Questions (FAQ)
FantasySports.net provides ample fantasy sports information to help beginners get started.
If you are looking for some quick answers to commonly asked questions, you have come to the right place.
In-depth information about the same topic can be found in various sections of this website.
All the fantasy sports websites we recommend work well with smartphones and tablets. The sites we speak highly of are not only well-optimized for mobile use, but also offer mobile gaming apps that can be downloaded and installed on smartphones and tablets. These apps are compatible with a wide range of mobile devices, including Android and iOS. Once players install these apps on their mobile devices, they can use be used to register, deposit funds, enter contests, and withdraw winnings.
The best fantasy sports websites offer paid as well as free games. So there are ample opportunities for beginners to learn the games without risking their hard-earned money. Fantasy sports websites, however, continuously encourage players to play for real money because it is not possible to win real money prizes by playing for free.
The law requires that players should pay taxes on their net fantasy sports winnings. Compliant fantasy sports websites therefore issue 1099 tax forms to players who have made a net profit of over $600 per calendar year.
In order to issue these tax forms correctly and on time, websites require players to supply the required personal information. Players can calculate their net profit of the year by deducting total withdrawals from total deposits and adding the account balance to the remainder.
Fantasy sports are 100% legal in the US. Most US states consider fantasy sports to be games of skill, not chance. Even the Unlawful Internet Gambling Enforcement Act (UIGEA) of 2006, which the online gambling industry dreads, exempts fantasy sports from its list of prohibited games. Fantasy sports websites therefore are perfectly legal and do not require gambling licenses to operate. The best of them are members of a Chicago-based organization called Fantasy Sports Trade Association (FSTA), which represents the industry.
If a selected player gets traded, you will have to either replace him or be content with getting zero points for the traded player. The fantasy sports website may continue listing a traded player in his old team even after the day of trading. If the player is traded to a team that is part of the same contest, you will get points based on his performance.
The fun of playing fantasy sports is that they can be played against friends. You have these options:
- Select your opponent on the homepage of your fantasy sports website.
- Challenge your friends over Facebook, Twitter, or email.
- Challenge your friends by using the fantasy sports website’s “Challenge by User Name” option
- Allow the website to match you against another user.
Daily fantasy sports (DFS) belong to the family of fantasy sports games. In case of traditional fantasy sports contests, players have to play against one another by create rosters of athletes from specific leagues. Points will be awarded to them on the basis of the selected players’ performance in real life.
Daily fantasy sports are a high-speed version of traditional fantasy sports contests. They are short-term contests that sometimes last for one day or at the most for a week. Traditional fantasy sports games last throughout a sports season.
The structure of daily fantasy sports is called “a contest.” To join a contest, players have to pay entrance fees, which contribute to a previously determined pot. Depending on the performance of the players in their team, they will be awarded points. Based on the points earned, they will receive a share of the pot. A percentage of the pot is taken by the provider of the DFS contests.
It depends on the sport and the league. In case of National Football League (NFL) contests, players will be awarded points for all postponed games that are played on Wednesday and earlier. In case of Major League Baseball (MLB) contests, players will be awarded points only if the game is postponed to later in the day. In case of National Basketball Association (NBA), National Hockey League (NHL) and CBB contests, players will be awarded points only for games postponed to the next day.
If all the games in a contest are cancelled or postponed except one game, the fantasy sports website will cancel the contest and refund players.
Fantasy sports websites are similar to online casinos, online poker rooms, and online sportsbooks in the sense that they offer reward programs. Whenever players play a paid fantasy sports contest, the fantasy sports website will reward them with loyalty points irrespective of the outcomes of that contest. To view the number of loyalty points they have earned, players should visit their My Account page.
Loyalty points are desirable because they can be spent on entering more paid contests. Depending on the number of loyalty points earned, players will be invited to take part in weekly, daily, or monthly freerolls with real money prizes.
To earn greater rewards, players only have to take part in as many paid contests as they can.
Fantasy sports websites are legal, safe, and secure. They accept payments through reliable banking methods, including credit cards, debit cards, bank transfer, and reputed eWallets. They implement the latest encryption and firewall technologies to protect player details and transactions. They have privacy policies that prevent them from selling, sharing, or revealing player details to third parties.