December 5, 2022

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How To Make Money Playing Fantasy Sports in Canada

According to the Fantasy Sports and Gaming Association, close to 60 million people in the US and Canada played fantasy sports in 2021. If you don’t already know, fantasy sports allow players to build their own team consisting of their favorite athletes. Each game, athletes earn points based on their contributions. These points are tallied up for each game week, and players can win advance in their league or tournament based on how many points their team makes.

For the majority of fantasy sports players, the game is a fun hobby and a way to make sports even more exciting. However, they also offer the chance to win real money. Similar to sports betting, fantasy football players can make money depending on how good they are and how well they know the sport. The best players enter as many competitions as possible, staking real money and collecting cash for ranking high in the league tables.

If you’d like to start making money from daily fantasy sports in Canada, or you simply want to improve your game, this guide is for you. While it is risky, there are ways to improve your chances of winning and have more fun while playing. You can also get into sports betting, as many of the biggest fantasy sports platforms also offer betting now. Be sure to claim the DraftKings Ontario Sportsbook promo code if you do.

Start Off Small

A lot of fantasy sports team owners jump straight into the deep end and join as many high-level tournaments as possible. While this may seem like a good idea if you want to win big, it can lead to you getting overwhelmed. For your first season, it’s important to take things slow and join beginner-level contests first. You can join freeroll tournaments and set up leagues with your friends to help get to grips with how it all works.

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Use Different Tactics for Different Contests

There are lots of different types of contests at most of the major daily fantasy sports sites. The tactics you use for creating and updating your team should depend on the contests you’re taking part in. For example, standard cash games simply split the money between the top half of the players. That means that as long as you’re not in the bottom half, you’ll win cash. In this case, having a standard team with mainstream players such as Tom Brady is enough. However, for tournament games, you really need to be on your A-game, and it’s good to have some wildcards in your team for point differentials.

Do Your Research

The best team owners spend a lot of time researching their picks and making changes based on the latest stats. There are plenty of free resources available, but you may also want to look at paid fantasy sports tools. You can find tools that will identify the best players for your team. You don’t have to pay lots, but a few tools could mean the difference between success and failure.