Online technology has caused the birth of various online sports, some real and some fake, like fantasy football, cricket, and many others. They are considered fake because real players are selected to create fake teams which get points every time the real players perform on the field. The real question is how on earth does or can a person earn money by pretending to be the owner of an imaginary sports team on the internet, which is equal to sports gambling? Truth is they do, and what's earned is a lot because fantasy games profit both the players and investors and is very popular, hence sponsors do not hesitate to raise big amounts. Fantasy football earns money by charging fees for participants to enter their cash-prize contests, engaging participants who enter real contests, advertising sponsorships, co-produced videos, and other methods.
Daily Fantasy sites like DraftKings and Fan Duel earn most of their revenue and profits by charging entry fees on each participant who wants to play in their cash-prize contests, then take cuts. The sites organize contests where winners can pocket nearly as much as real NFL players do, which attracts numerous people, so the total amount of entry fees collected is huge. Since they take a percentage of the total money collected, these sites try to attract as many players as they can through posts to ensure there's maximum entrants and high profits. The rest of the funds are given to competitors as prizes, which motivates them to come for more contests and attracts those who didn't take part.
Fantasy football organizers can also make money when they engage participants by letting them enter different competitions weekly to play the sport for real. Here, the platform creates a team of their best participants and chooses those who are going to play in the football league, appointing one of the best among them as a captain. When your team's player performs well in a live match, you score points, and each point has a monetary value, so you will earn more by choosing the best among all you have. This will not only increase the overall fee collection from the league but also ensure that you retain a player for a contest, or the entire season. With continued games, a participant gains experience, wins more competitions, and earns you a good name through more valuable points.
Advertising the sport and it's features, sponsorships from individuals or companies, and co-produced videos with webs can give you a huge income as a fantasy footballer or investor. Some of those that profit from these methods are CBS and Yahoo, even Disney, which reduce traffic through advertising their games, hence increase the overall income earned by successfully advertised pages. They could partner with the game's experts and co-produce a video that earns a few cents per click, so the more the people like it, the more it pays. Sponsorships from firms, individuals or governments add on the earnings, therefore platforms and organizers receive help from such people, who are mostly fans of the game and want to push it forward.
Making money through online fake games could be hard, so investors and owners must first ensure that they have a constant flow of income to avoid losing the investment. They can organize matches and charge a certain amount as fees from everyone who wants to participate, engage the participants, or advertise and use sponsors. Besides these, there are other ways that might make money, so owners of these games should consider each of them before deciding their choice.