Fantasy Betting is 100% Legal

Fantasy Betting is 100% Legal Don't let the headline fool you. It's not really sports betting. It’s fantasy betting . By definition it's still fantasy sports and according to the US Government, it's 100% legal. Intrigued? You should be. The fantasy sports industry had been so huge that it already has spawned several niches including fantasy player insurance, fantasy arbitrators and, of course, for the league winners fantasy trophies.

When UIEGA was passed in September '06 it was clear that the US government saw fantasy sports as contests (or games) of skill not luck. As long as fantasy contests stay within the clearly marked parameters they are 100% legal even when played with cash entry fees and awarding cash prizes to winners.

Now, the newest fantasy niche player in the fantasy arena is "daily fantasy sports". And daily fantasy contests can easily fit within the pre-defined boundaries. Daily fantasy sports has only recently entered the fantasy sports world but it gathers lot of buzz because many people don’t have time or doesn’t want long term commitment, so they want daily prizes and games. One such site which offers daily fantasy sports contests is FantasyFactor.com In fantasyfactor, every day contests are made available for players to enter with a set buy-in and a pre-determined payout. For example, a player may select a 2 team contest where the buy-in is $22. The winner of that contest would collect $40. The same 10% "commission" or "fee" that sports bettors are oh so familiar with is mirrored in these contests.

You may be scratching your head at this point as you ponder a couple things. First, how you can possibly get everyone together every day to draft a roster? And second, wouldn't that get just a little bit tedious after a while? Sure, draft night is undoubtedly one of the best nights of the year and having a couple of them every late summer is fun but I wouldn't want to do it every night of the year.

Fear not having to wait for everyone to get together to select your roster. At Fantasyfactor you can draft your team whenever you wish. Once you select a contest you may begin choosing your players immediately. It's possible that you and your competitors may have some players in common, but, the likelihood of having identical rosters is very slim.

The other factor that is very appealing about "daily" fantasy vs traditional fantasy is the payouts. Winnings get transferred to our contestants accounts every day as opposed to at the end of the season. That's why it looks and feels like sports betting even though by legal definition it is not. So if you are really looking on to something better than sports betting, then you should definitely try fantasy betting now.