The Difference Between Fantasy Betting and Traditional Gambling
The fantasy sports industry is fast growing and it's more likely to grow
Now that an appeal has been granted by the US Supreme Court, it is moving at a much faster pace
This makes it easier and more affordable to run a business. However,
the legality of fantasy sports
This article focuses on the harshness of US gambling laws.
Gambling that millions of people love is prohibited.
A regular sports fan is surely familiar with fantasy sports in its non
betting form--players select a team based on real players in their
You can score points based on your real-life experience in a specific sport to win games
performances. Fantasy sports contests are usually held for the entire season.
However, there are now websites that offer quick payouts called daily fantasy sports, which makes each game more important.
The popularity of fantasy betting has been on the rise. It is now so
It is so popular that it is now worth $800 million in United States
alone. Dozens of websites are now featuring fantasy betting on their
gaming menu as said by the president of the Fantasy Sports Trade
Addition to this, almost 7 million Americans were and Canadians were also members of the Association
In 2008, fantasy sports will be in your future
In a nutshell, avid sports and gambling fans are paying for the chance
To win money in contests that are rooted in the performances
professional athletes. Now, the question is why isn't this classified
as gambling?
One probable answer is playing fantasy sports requires knowledge and
You can win with skill. But you cannot control your losses in fantasy betting.
Sports betting and poker
This is why fantasy betting should not be considered as a form of gambling.
gambling: Because the government says it is not. The Unlawful Internet
Gambling Enforcement Act includes a specific exemption for fantasy
sports, provided the prizes are determined before the start of the
Contest and the fictional teams aren't related to any real ones.
vioepoker.com The second condition is designed to prevent fantasy sports from being allowed.
professional leagues endorse, from turning into sports betting, which
they oppose. License fees aside, the leagues like fantasy sports
Because it drives more interest in their games. However, so does sports
Betting--the market that dwarfs the size and potential of fantasy sports
industry. A 2003 ESPN study found that more than 100 million Americans
bet on sports every year, wagering money that can reach up to $100
Million.
Additionally, sports betting is only legal in Nevada. The leagues are not.
unwaveringly opposed to broader legalization because they fear it would
have a corrupting effect. Or so they say. Their actions suggest they
know better. "Most of the leagues now have a deal with the Las Vegas
sports consultants," notes Jim Murphy, a professional handicapper. "The
They are paid by leagues to monitor improper betting trends. Every time you read
about a point-shaving scandal or that so-and-so has been charged with
"The Las Vegas bookmakers were the ones who found the game and tried to fix it."
he added.
So if you want to be involved in betting on sports and still be on the
safe side, then switch from traditional betting to fantasy betting. It
is the next best thing.