Most people play fantasy sports because they want to stay involved in games they love. They might go up against friends or family in a league and put up a nominal fee to make things interesting, but that’s about it.
At the very top of fantasy sports are people who try to make a living off of playing. Do people actually make a living off of fantasy sports? It might seem shocking to some, but treating fantasy in a lot of the same ways as a sports bet matter. The opportunities are always there.
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Traditional Fantasy Sports
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Making a little bit of money off traditional fantasy sports isn’t all that challenging. The challenging aspect is making enough money to live off of. That’s because most traditional leagues last for the entire regular season. Unless a person is in a bunch of different leagues and wins consistently with high stakes, it’s not going to produce enough winnings to live off of.
A much more realistic goal with fantasy sports in a traditional sense is to win anywhere from a few hundred dollars on the low end, to a few thousand on the high end. Fantasy sports originally focused more on competitiveness amongst family and friends than winning a ton of money. Since the season is so long, most leagues can’t get everyone to contribute more than an insignificant amount of cash as a bonus.
Daily Fantasy Sports
A variation of fantasy sports out there that can be lucrative is daily fantasy. This is where players are picking lineups to put together the best scoring team on one particular day. It’s fast-paced and almost always played for money instead of fun.
Just in the past decade, daily fantasy sports have gone from a small variation to a full-blown opportunity for people to win money. FanDuel and DraftKings dominate the industry, but there are other options out there as well. Since it works in a lot of the same ways as standard fantasy, many have transitioned to daily.
Why So Many People Chase the Dream of Making Money in Fantasy Sports
Making money being a sports fan is the dream of so many people out there. The hard part is finding a way to do it. Fantasy sports can be lucrative for those who take the time to become great at them. It might not always come naturally, but the best find strategies that work for them.
Not everyone makes enough to quit their day job, but it’s a nice way to make some side money following sports. Just like there are sharp bettors make a living off of sports gambling, and some have pivoted to fantasy sports as another way to make the dream happen.