Fantasy Football Betting
Locked-In Football is all you need to lock in your fantasy football lineups, or form solid NFL bets. Weekly articles on NFL games, fantasy rankings, and more. As the Official Daily Fantasy Partner of the NFL, DraftKings is the best place for all of your fantasy football action. Sign up for a shot at cash prizes. DraftKings daily fantasy football puts you closer to the game than ever before. Draft a lineup of NFL. Fantasy Football and Betting There are several ways that fans of football teams can bet on the outcome of the entirety of the games or individual activities. By using the real-world statistics, the fans can attempt to reason out who will win with the entire team picked and how the plays would work. Disclaimer: betting predators does not take wagers or place wagers for people. We are not a gambling website, although we do offer information about sports betting, fantasy sports and other sports content. Have a gambling problem or addiction? Call 1-800-gambler. Fantasy football betting and betting with traditional bookies is very different. Although there may appear to be many similarities, it is important to understand how the two differ. While both generally require some investment in order to claim rewards, fantasy football betting will normally involve a mix of pool and spread betting.
As excitement continues to build in anticipation of all the major professional sports returning to live action, it seems that the time may be right for Louisiana to go ahead and legalize fantasy sports as well.
Just this week, lawmakers have finally come to an agreement on the tax rate for fantasy sports, which means it’s one step away from becoming a reality. This is the closest the state has been to allowing fantasy sports and it’s potentially coming just in time for football season.
The question now becomes whether or not fantasy sports can open the door for state leaders to legalize sports betting as well.
All Parishes Could Soon Be Open to Fantasy Sports
Thanks to the lawmakers in all 47 parishes, fantasy sports could become legal throughout the entire state provided the Governor signs the bill into law.
Fantasy sports makes it possible for participants to put together their own “dream team” of players that are currently playing in the various sports leagues. You can then go on to earn points based on how the player performed in the game. Fantasy football is the most popular form of this gaming.
Big companies like FanDuel and DraftKings offer cash payouts to the winners and there is typically an entry fee to join and create your own team. Both companies are not only the leaders in fantasy sports gaming, but they’re also two power players in the sports betting industry as well.
Lawmakers have managed to come to an agreement where tax is concerned, which they are placing an 8% tax on fantasy sports. That tax revenue would then go towards funding early childhood education programs.
As for how much fantasy sports could generate the state in tax revenue, it’s estimated to be around a few hundred thousand dollars each year.
House Bill 64 was passed by a vote of 82-11, which was conducted in a special session. The Senate then voted in favor of the bill with a 36-0 count. It’s now off to the Governor where he’s expected to sign and push the bill through.
A Few of the Specifics
As for the specifics, in order to take part in fantasy sports participants will need to be at least 21 years of age. The fantasy team cannot include any players in a youth sports event or high school sports event.
The way the taxing will work is that it will be charged on the net revenue of the various operators that will be present in the state. What that means is that the total entry fees collected will be taxed, with the winnings paid out subtracted from that total.
As for the vote to move ahead with legalized fantasy sports, it passed by a resounding 75% in all of the parishes in the state. That was back in November 2018 during the election. What has held up fantasy sports is that the tax rate had to be set as well as the creation of the rules.
When Will Fantasy Sports Go Live?
First the legislative action has to be completed and then it’s up to the Louisiana Gaming Control Board to start providing licenses to fantasy sports operators. The idea is that it will happen sooner rather than later as the final steps can move along fairly quickly.
Although there hasn’t been any official comments on the timeframe, many proponents are hoping this process will be wrapped up by mid-September when the NFL and College Football begin. Fantasy football is the most lucrative and popular option from daily fantasy games to season long leagues.
What About Sports Betting?
For the last two years, fantasy sports and sports betting have been a tag-team of legal issues that proponents and residents have been pushing for. Unfortunately, both seemed to have been stuck behind outdated thinking from the opposition.
Over the last few months, the tides have turned and not only has fantasy sports become a reality, but sports betting is well on its way to being legalized as well.
Fantasy sports opens the door for sports betting as national operators like FanDuel and DraftKings will have already established a presence in Louisiana with their fantasy gaming.
Once sports betting becomes legal, these operators can quickly get a jump start on the opposition and offer this gaming to their large customer base.
Recently, the Louisiana Governor passed a bill where voters can weigh in on the topic of sports betting this November during a statewide voting session. Most pundits believe that voters will resoundingly pass sports betting, which will then move the issue to the front of the line in the 2021 legislative session.
From there, it’s expected to pass through both the House and Senate. Eventually, this bill would land on the Governor’s desk where he will sign off on it. If all goes well, Louisiana could see legalized sports betting by the fall of 2021.
Please enable JavaScript to view the comments powered by Disqus.By Week 2 in the NFL, fantasy football players are scrambling to pick up the latest 'breakout' player from Week One (see Willie Parker), and scavenging the waiver wire for any little perceived edge to bolster their team. This attention to the minutiae of NFL machinations could serve the sports bettor well, but the truth is that doing this amount of research can be quite tedious outside the context of fantasy football. Within the confines of a fantasy football league, though, it can be a fun exercise and help both your fantasy team and your NFL betting. How? Well, I'm glad you asked.
1) Fantasy Football Forces You To Learn the value of individual players on offense.
Even though fantasy values are skewed from actual value, the stats can give you a clue about a player's value to the team, and the way in which the team uses that player. Brian Westbrook's rushing stats, for example, are nothing to write home about, but when you combine them with his receiving stats, you can understand what an important role he plays in Philly's offense. Fantasy makes you pay attention to the teams' focus on individuals.
2) Fantasy forces you to learn the value of team defense.
Who are the best defensive teams in the NFL? Who holds teams to the least points allowed? Which team had the most picks last year? These are some important considerations, especially for totals betting, and some of the teams you come up with may surprise you.
3) Fantasy keeps you updated on injuries.
It's easy to follow injury news in a fantasy league. In fact, it's almost impossible to miss injury news just by virtue of being in the league. The player news is prominently posted in several places on league websites, and in combination with knowing the value to the team of the injured player, can give you an idea of which side you want to bet. If you've already bet the favorite early in the week, and the dog's starting RB is sidelined later in the week, then your position is strengthened, ahead of the line move. In the same scenario, you might want to bet the dog close to game time if the public money (and the line) overreacts to the injury, or if you think the backup is legit.
4) Fantasy introduces you to lesser-known players with hidden value.
This can be very valuable, especially in the case of receivers and tight ends. If an unheralded guy has a nose for the end zone, and a good working relationship with the QB, then he could become a go-to guy in the red zone and be an important factor for betting sides and totals. Likewise, if a team has a good short-yardage back, that could mean the difference between punching it in at the goal line and settling for a field goal, or deciding to go for it on 4th and short instead of punting.
5) Match-ups
Weekly Fantasy Football Betting
When deciding who to start and who to sit, you are forced to consider match-ups, receivers vs. corners, RB vs. run defense, etc. Match-ups are integral to handicapping, because, hopefully, the team getting the best of it with regard to match-ups should have an edge, with all else being equal, and that discrepancy may or may not be reflected in the spread.
6) Access to squares
Tons of people play fantasy football, and many of those people bet the NFL on at least a recreational level, and that makes playing in a league more valuable for two reasons. First, you'll want to have access to the same information that everyone else has (and more), and second, you are better able to gauge the conventional wisdom (i.e. Understand the thought process of the 'squares') and therefore make better decisions, often contrary to their moves. Jay Kornegay, who runs the sportsbook at the Las Vegas Hilton, gets a couple of his buddies to come in and consult with his oddsmaking group when he is putting together his props for the Super Bowl. He says that this 'square' veiwpoint is invaluable to him in setting his numbers. This angle can also help you with your wagers.
7) It's a lot of fun
Fantasy football makes you pay attention to games that you don't bet and would not interest you otherwise. That's a good thing, because watching the NFL is a good time, and who knows, you might even gain an insight or two on a team that wasn't previously on your radar. Plus, it gives you an excuse to hang out with your buddies on Sunday and Monday and then talk trash on the league website the rest of the week.
Fantasy Football Betting Leagues
Fantasy football is not gonna make you a sharp bettor, or answer all of your handicapping prayers, but it can't hurt as a small part of an overall betting curriculum (including books, articles, mentors, experience, etc.) and it can be a fun way to supplement your handicapping education, not to mention the joy provided by the opportunity to crush your friends in yet another contest.
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