If you’re new to daily fantasy sports, you probably are wondering what the best site to get started out with is. Well, unfortunately there’s not a simple answer to this. But, by following our simple criteria in your evaluation of the sites out there, you can make a determination on your own pretty easily.
First, start with the reputable sites. These are the big sites that are monitored, secured, and have been around for a while. Right off the bat, this will eliminate a lot of the choices. If you’re interested in a certain sport or type of contest, ensure that the site offers what you are looking for, too.
There are two main players in the world of DFS: DraftKings and FanDuel. You can’t go wrong with one of these two. Even though they are both trustworthy and even though they are both great sites, there are differences between them. DraftKings has a slightly lower minimum deposit than FanDuel does. You can open up an account at DraftKings for just $5, while at FanDuel the minimum deposit is $10.
Opening up an Account
These DFS sites are under the jurisdiction of U.S. law, and that means that they all follow very similar procedures when it comes to opening up an account. You need to give them your name and email address, along with the state that you live in. Remember that not all states allow DFS, so these sites need to check and make sure that you are legally allowed to use their services. You will also need to create a password and confirm that you are allowed to play on a DFS site. This means you need to be 18 or older.
Next, you’ll need to make a deposit if you want to play for money. You don’t need to play for money because there are free contests out there, so this your choice. You can use a credit card, a wire transfer, or PayPal to make a deposit. Depending on your needs, any of these are helpful.
Withdrawing cash from any of the big sites is usually really easy. The best way to do this is to use the same method that you deposited your cash with. If you used your bank account, then send the money back to your bank. If you used a credit card or PayPal, then send it back to those accounts. This is really the easiest way to avoid any confusion or time lag when you are withdrawing your winnings.
Do be aware that because DFS sites are regulated in the United States, that means you will have to claim winnings on your taxes. If you have earned more than $600, then whichever site you use is legally obligated to have you fill out some tax papers. This is a quick and painless thing, but some people are taken off guard by it. As long as you’re aware of this rule ahead of time, you can avoid any unpleasant surprises.
A Final Warning
If you stick with a big site, you are going to be pretty safe, but it’s worth pointing out that there are scammers out there. People are always looking to make a few bucks without putting in the honest work to earn it and the internet is often an easy way to do this because of the fact that people can stay hidden behind the relative safety of their computer screens. You don’t have to stick with the big two sites, but if you’re going to make a deposit somewhere else, make sure that you do your research so that you can keep yourself and your money as safe as possible.