Fantasy Sports Betting Grows In PopularityPublished October 4, 2010 by OCR Editor
More than a dozen websites now cater to betting on fantasy sports in US.
US sports fans are betting on fantasy sports in growing numbers - and it's all legal thanks to loopholes in online gambling laws.
The average sports fan would already be familiar with fantasy sports in its non-betting form - participants select a team from real players in the relevant sport and score points based on the real-life performance of those players.
While fantasy competitions are usually run over a whole season, websites that offer quick payouts are springing up everywhere, meaning that each game becomes important.
The popularity of betting on fantasy sports has become so popular that the industry is now worth some $800 million in the United States, according to a recent Associated Press report.
More than a dozen websites now manage daily betting on fantasy sports, the president of the Fantasy Sports Trade Association was quoted as saying in the report, adding that nearly 7 million American and Canadians were already playing fantasy sports by 2008.
And in another form of fantasy sports, British online gaming company William Hill is once again running its Fantasy League during the 2010/11 English Premier League season, with lots of great prizes on offer.
The principle is basically the same as in other fantasy sports competitions. Simply pick a team of players from the 20 Premier League teams, and have them score points based on their on-field performances. Players score points for goals, assists and clean sheets, and of course each comes at a different price which makes team management all important.