Betting
The Convergence of Fantasy Sports and Sports Betting
Explore the convergence of fantasy sports and traditional sports betting as legalisation expands and technology advances, blurring the lines between the two industries.
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Today, we're going to be looking at the convergence of fantasy sports with traditional sports betting. Chances are, you've heard of fantasy sports; you might even be or have been, part of a local league.
Over recent years, fantasy sports has grown out of local pubs and small groups of friends and has become an industry unto itself. But how much do fantasy and traditional sports betting actually have in common, and how are these two industries merging together as we move to the future?
Let’s discover more together.
Similarities Between Fantasy and Traditional Sports Betting
Unlike eSports which focus on computer games, or virtuals that simulate events and matches, fantasy sports betting is based on real sports and teams. This is the most obvious similarity: you’re betting on the same sports!
Another similarity is that fantasy sports punters will do a lot of research and analysis, often looking into historical data and player performance, before betting. While the odds and markets may differ, this research-based approach is beneficial whether you're betting on real sports or in a fantasy league.
How the Legalisation of Sports Betting Has Impacted Fantasy Sports
Depending on where you live, you'll have different laws surrounding gambling online. But in the example of the USA, the recent legalisation of online sports betting in some states has had a major impact on fantasy leagues.
For example, popular fantasy sports operators like Fanduels and DraftKings have now branched out into offering more traditional sports betting. This means that the lines between fantasy and reality are becoming more blurred, and fans now have a lot more markets to bet on in both arenas.
The Risks of Fantasy and Sports Betting
Unfortunately, whether it's fantasy sports betting or traditional sports betting you're interested in, both of these have the ability to be addictive.
It's one thing to have a fantasy football league with your mates down the local pub, but real money sites where you bet on fantasy leagues carry the same risks as traditional sportsbooks. That's why it's so important to utilise the sports betting site’s safer gambling tools. These will help you manage your money, set limits and, ultimately, help you to avoid forming any bad habits.
The Future of Fantasy Sports and Sports Betting
Given that fantasy and traditional sports betting have so much in common already, it makes sense that these two industries will continue to come closer together. Furthermore, as technology advances and more and more territories give the green light to online sports betting, it's safe to assume that more people will get involved with both types of betting.
The great thing is, with fantasy, virtual and eSports all becoming more mainstream, we can all enjoy the increased exposure to these fun events, as well as the markets and odds that come along with them.
For more information about sports betting, make sure to come and visit us here at SportsBoom. We keep you informed with our news, reviews and guides.
With 10 years of experience in content writing, Alyx has produced countess guides, reviews and articles covering a wide range of topics in the iGaming industry. She loves anything to do with online casinos, as well as UK and international sports betting.
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