The odds for each pick are multiplied by one another to determine the odds for the Parlay. For example, New England at -150 odds, parlayed with New York at +200 odds, would result in +400 odds. Wager $20 on the above two picks, see New England and New York BOTH win. Sign up at DraftKings.In this video I show you how DraftKings works, including how to draft a team in an NFL contest.

Before all of the buzz around sports betting legalization, the primary form of sports betting in the United States came in the form of daily fantasy sports. This wildly popular form of wagering took the country by storm during football seasons past, with players able to set their lineups and hope to win the top prizes in each contest’s prize pools. But how exactly does fantasy sports betting work? With it still being a viable option for bettors, it is worth taking a look.

Draftkings Payout Chart

How does fantasy sports betting work?

Fantasy sports betting is best explained as a one-week or one-day fantasy league depending on which sport you are playing it in. Instead of a traditional fantasy league, where players are tasked with selecting a team that they have to stick with for an entire season, players can instead choose a lineup for the day. Each lineup is awarded points based on the performances of the players in it, and the highest point totals win money based on the prize pools available in each fantasy contest.

How Does Draftkings Sportsbook Work

Football is the most popular sport where this game is contested, with players able to set lineups that last for an entire week of NFL action. Alternatively, they can play contests that last for a Sunday only or other time periods that are within that one-week frame. Contests in sports like basketball and baseball, meanwhile, usually last just one day with the chance for bettors to win a more immediate payout.

Draftkings Tutorial

Success in daily fantasy sports requires an in-depth understanding of matchups and other factors that could impact player performances. Things like weather, scheduling, and how a player performs against a specific team could all become the difference between finishing in the money and finishing just outside of it.