Fantasy sports betting
From Wikipedia, the free encyclopedia
Fantasy sports betting is any game where participates wager on who will earn the most points, and points are derived from real-world sports statistics. Fantasy sports betting is different from simple sports betting in that outcomes are determined based on the performance of individual, real-world players and not collective teams. Many websites offer fantasy sports betting for money prizes, others offer fictional prizes. Some websites enable users to create contests (usually without official prizes). [1]
Although there are several fantasy sports betting games types, perhaps the most notable is the short-season type, frequently called "Paper Sports," due to its shortened length, and, thereby, disposable nature. In this fantasy sports betting variant, contests normally last a week or less, which allows participants to play more frequently. The shortened length of Paper Sports helps avoid the "Next Last, Next Out" phenomenon (describing how fantasy sports participates frequently quite shortly after their team is in last place) which normally plagues season long fantasy sports.
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[edit] History
While many websites offered fantasy sports betting before the passage of the Unlawful Internet Gambling and Enforcement Act (UIGEA), the creation of this law spurned growth in this industry within the United States. Tom Jessiman, former COO of CBS Sportsline and Sports.com, has entered this industry within the American market with Pickspal.com.
In the United Kingdom, free sports gambling contents have been around for years. [2]
Within Asia-Pacific, simple games focused on Asian handicap soccer betting have been around since 2000. As of 2007, newer web sites are entering the market with more sophisticated products. [3]
[edit] Major Web Sites for American Market
[edit] Major Web Sites for Asia-Pacific Market
[edit] References
- ^ Bobby White. Not-So Risky Business. Retrieved on May 2, 2008.
- ^ Michael Arrington. Pickspal Could Disrupt Sports Betting Markets. Retrieved on May 1, 2008.
- ^ Victoria Burrows. High stakes, High Prizes. DigitalMedia Magazine Asia. Retrieved on May 1, 2008.
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