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Fantasy sports and their success in online betting

Drafting
21/06/2021

The most popular real sports in the world are soccer, basketball, swimming, volleyball, baseball, tennis, rugby, hockey, handball, and badminton, among others. On the other hand, there is a parallel world to the competitions of these beloved sports, which are presented in the universe of online sports betting.

Fantasy sports or fantasy sports, as they are known throughout the world, are online games in which participants face off in imaginary or digital teams made up of real-world players in fantasy contests. All competitions are based on information about competitors’ performance statistics.

Fantasy football

Take fantasy football as an example, based precisely on the most popular sport in the world. Fans of this sport who want to bet on their fantasy version choose real players in a process that takes place online, or in what is called a draft. This is how the fantasy football team is built.

The statistics that are analyzed are those of the real players, and in this way it is known which is the fantasy team that had the best averages. This happens in soccer as well as in any of the other fantasy sports.

Millionaire bets on fantasy sports

Currently, gambling found in casinos (see more information on safe casinos and how to create an account at NetBet) and sports betting is becoming better regulated in more countries around the world. This allows you to place bets in much more technological and varied environments, as well as safer.

On the other hand, a large number of sports betting platforms have included fantasy sports, which has become a millionaire business, especially with some alliances from the world of sports and bookmakers.

An excellent example of these business alliances that have shown excellent results for both bettors and operators is that of Yahoo Fantasy Plus and the one-of-a-kind feature called Draft Together.

Without a doubt, Draft Together is so special because it allows fans to have unsurpassed experiences and interact with each other through the use of video conferencing, at the moment their fantasy team selection is made.

Over the past few years, interest in fantasy sports betting among Yahoo Sports members has increased to over 50% compared to the past.

Without a doubt, the relationship that Yahoo Sports has with BetMGM since 2019 has also contributed to the success of the business. This relationship is about official, college and Yahoo Fantasy sports.

Sports betting expands in Latin America

Sports betting, whether connected with real or fantasy sports, is increasingly popular in Latin American countries. With the arrival of Hero Gaming in Brazil, this extension has been further accentuated.

Hero Gaming has created an exclusive site for Brazil called Amuletobet. This decision will be the first step for even greater expansion in other Latin American countries.

Another novelty that comes from Mexico, and that is connected with the expansion to countries such as Argentina, Chile, Brazil, Peru and Ecuador, is the arrival of the betting company Logrand Entertainment Group.

They are a benchmark in Mexico, a very large company. Four years ago they launched the Strendus site. Due to the experience in developing gaming and betting platforms, and to the good regulation with which they operate, they are hopeful to dump all this practice of their business in the aforementioned countries.

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