How Does Betting on Fantasy Hockey Work?
Fantasy hockey wouldn’t be so much fun if it weren’t for online fantasy hockey betting. The thrill that comes from betting on fantasy league matchups rivals that of regular sports betting and gambling, and why shouldn’t it since you stand to win real money from NHL fantasy betting as well.
Betting on fantasy competitions works a bit differently, though. The main distinction is seen in the way bets are placed. Namely, bettors are required to pay an entrance fee to participate in fantasy hockey leagues and matchups, be them season-long or happening on a daily level.
Most of the aforementioned leagues are formatted as guaranteed prize pool tournaments, where only 20% of the top finishers get the money. Participants are required to pay an entry fee to partake in the online NHL fantasy league. The fee depends on the type of the competitions, its duration, the number of participants, and other contributing factors. However, these GPP tournaments entail high risk and great payouts for those in the upper echelon when all is set and done.
Another popular form of online betting on fantasy hockey we see often are cash games. These are seen mostly in head-to-head duels. Contestants would stake some money on their fantasy hockey team in a direct duel against other players. The winner takes it all. However, cash games can also work on another model, called 50/50s. According to this betting model, 50% of all participants win the same amount, while the other half gets nothing. This model is quite interesting since you don’t need to finish in the top position to get paid.
There are also a number of satellite tournaments, freeroll tournaments (free to join), and other competitions where players don’t even need to pay an entry fee to compete for a prize. Some platforms use these betting and competition formats to attract new players who can play fantasy hockey for free. When they add a lucrative welcome bonus to the mix, no player would dare to miss the opportunity to sign up and start with a little help from the bonus funds.
Any top betting site is bound to offer both free tournaments and those with substantial entry fees to make the site appealing to all types of bettors.