What Are Fantasy Sports?
Fantasy Sports are online prediction tournaments in which fantasy gamers (players) assemble a collaborative environment of real sports players such as players from the Indian Premier League (IPL), English Premier League (EPL), National Basketball Association (NBA), and others. These players are known as “Managers,” and they form a league-specific team of players who accumulate points based on real-life statistical data that are transitioned into fantasy points. Managers receive fantasy points based on the success of their players in real-life sports. Each Manager competes with other Managers and team members. These managers build their teams by adding, trading, and selling players.
How Does It Work In India And How Can One Participate?
Being the first fantasy sports platform in India, Dream 11 is the key that the evolution of fantasy sports in India could have been possible, while the emergence and growth of fantasy sports in India could become possible after the arrival of other platforms such as MPL, My11 Circle, My Team 11, FanCode, Fancy11, Faboom, FanFight, Guru 11, etc.
The Federation of Indian Fantasy Sports (FIFS) is the industry body that regulates fantasy sports in India. FIFS was intended to safeguard consumer interests and to develop best practices for Fantasy Sports in India. In addition, FIFS began publishing a Mandate for Online Fantasy Sports Platforms, which lays out the ground rules for members.
Users form virtual teams of actual players. These matchups are predicated on their players’ statistical behaviour in regular games. The user can participate in any sports available on the platform of his choice. In order to participate in a sport, the user accumulates a team. It is the primary requirement of the game. For example, if a user selects cricket, he needs to form a team of 11 players.
Further, the user selects the captain and the vice captain for his team. According to the significant rule of the game, the user forms numerous teams. The players in the final receive points based on their performance. The team with the highest points wins the game. However, the point may vary from platform to platform. Here are some common points structure given that the participants get:
For a run, a player gets +1 point. Similarly, Boundary bonus and six bonuses the participant gets +1 and +2 followed by 30 Run Bonus and a Half and a century bonus, +4, +8 and +16 are given respectively.
How Has It Been Performing In The Indian Market?
The last two years during the Covid-19 pandemic, have witnessed substantial growth in online fantasy in India. The majority of the viewers during the Covid pandemic shifted to online gaming in the absence of mainstream entertainment sources. The platforms gained drastic growth during the pandemic. As per the statistical data, India had a gaming population of 365 million in 2020, which later got increased to 510 million by the end of 2020. The pandemic year gave rise to fantasy gaming in India and pushed it forward to the next level. The rise of daily fantasy can be experienced as the players are still growing on a daily basis. Click here to support your favorite players.