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How to Play Fantasy Basketball
With the start of the NBA season, NBA fans across the country are lining up to play fantasy basketball. The two most common formats used are season-long fantasy leagues and daily NBA fantasy contests. Both formats are available through popular sports sites such as Yahoo.com, NBA.com, DraftKings.com and FanDuel.com among others. Each format requires a different approach, providing something for players of all experience levels.
NBA fantasy leagues
For years, fantasy sports leagues have been run for the benefit of managers who want to steer their team through the rigors of an entire season. While most leagues are played for fun, some league commissioners share entry fees and end-of-season bonuses.
The process begins with an organized project. The most common draft format is the standard “snake draft” where players’ draft positions are determined by random drawing. For returning goalie leagues, draft positions may be determined by a manager’s placement in the previous season. Over the past few years, auction projects have become very popular. With this format, each manager is given a fee which is used to offer players until their roster is complete.
In both formats, each manager must develop a full squad of players based on the configuration of the league setup. Most leagues have up to 10 starting roster positions and bench players. Depending on league rules, managers can move players on a daily or weekly basis. Points are determined by league rules and the competition is played once a week. At the end of the season, the teams with the best overall records advance to the playoffs, which usually span the last 2-3 weeks of the NBA regular season.
NBA daily fantasy contests
For managers who like their action fast and furious with cash on the line, popular fantasy sites provide access to daily contests. These daily contests come in various forms as listed on the website. Managers can compete against a smaller group of managers with 2 to 25 opponents. These contests are usually designed and published by one of the contestants, who then open the entry process to any entrant who wants to participate based on the contest’s settings. Entry fees range from $5 to $1,000 per participant. While some contests are winner-takes-all, contests with more than 10 contestants can offer small consolation prizes. In all competitions, the fantasy sports site takes a fee (usually 10%) to cover administrative costs and profit.
Another popular format is website sponsorship contests. These contests usually have thousands of entries with huge guaranteed prize packages on offer for a relatively low entry fee. The higher the participation in these contests, the higher the number of paid places. Prize packages can include large cash prizes, consumer goods, or special event prize packages where something like a Super Bowl weekend may be on the line. Oftentimes, managers can earn entry fees by winning smaller satellite contests along the way.
Contest rules and scoring parameters are provided by the website. Each manager receives a minimum salary (usually $50,000) that is used when selecting players. Each player who must play on a given night is assigned a minimum salary value. Obviously, the better the player, the higher the value. The team structure is usually PG, SG, SF, PF, C, G, F and UTIL players.
Now that you have a general idea of how to play fantasy basketball, it’s time to join the fray. If you choose to play in daily tournaments, you should remember that many managers have significant experience that can put you in trouble. The bottom line is that you should never bet more than you can afford to lose.
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