Fantasy sports especially fantasy cricket is growing rapidly in India and a key parameter to judge that is how the Indian fantasy sports brands are sponsoring massive events such as International Cricket Council (ICC) events, Indian Premier League (IPL) and even sponsoring jerseys of foreign players. But before diving into the ocean of this alluring fantasy sports arena let us see 5 key things to know about fantasy sports.
First and foremost, while fantasy sports is a game of skill, it also involves luck. It will help you in the long run if you realise this when you start off. You can minimise the luck factor by diversifying your money in various apps other than Dream11 where you might encounter users who are less experienced. Few suggestions of trusted applications that have transparent withdrawal and customer support are Gamezy, FantasyAkhada, BalleBaazi, PlayerzPot etc.
This is a very basic requirement but a necessary one. You need to be above 18 years of age to legally participate in any kind of online fantasy sports. There have been reports of underage kids using their parents’ PAN Card to sign up on various fantasy sports apps. They invest their school fees or savings to support their playing habit and end up losing everything. This further leads them to situations where they start directly messaging different influencers asking for money to repay their debts while threatening to harm themselves.
I don’t want users who are reading this article to end up in these kinds of unfavourable situations. If you’re a parent, please keep an eye on your children and on your wallet as well. If you are a minor i.e. below the age of 18, I will advise you to wait until you are old enough to start playing fantasy sports. Keep in mind that fantasy sports is here to stay and even your future generations will be playing this, so, there is no need to rush.
Another important point to remember is to avoid casually logging into any app you find and start playing a popular match. For instance, if there is an India vs Pakistan match and you get excited by seeing all the online advertisements. So much that you download the app, sign-up, and immediately invest. But here’s where you need to stop for a minute and consider the fact that there are so many people out there who are knowledgeable about cricket and who are just as into fantasy sports as you are. You might just be at a huge disadvantage here, as you may not know as much as them.
An India vs Pakistan match is known to everyone and like many other people, you too will think that you can win this match. This indirectly increases the level of competition. But, if you are reading this, you will understand that the key here is to identify and select the matches you invest in. Playing a popular match may not be as beneficial as playing a domestic match where there is less awareness, which gives you more chance at gaining the best results.
After you have followed all the above steps, the next step is to choose the type of contests that you want to invest in.
Yes, that mega ₹1 crore league that attracts everyone’s attention may also be enticing to you, but have you tried finding out the exact ROI (Return on Investment) on that particular league? You will have to beat a number of teams to even grab 1% of the total amount price and have to be the luckiest fantasy sports player to grab that coveted 1st place prize. Achieving something like this is a rarity.
But why try something which involves luck? Why not try smaller contests that require more skill? I prefer playing contests with around 2-6 members. This reduces the need for luck and demands more of your skill to win.
The final point in this article is one of the most important ones to keep in mind. People often believe that they know all that there is to know about fantasy sports and end up investing all that they have earned or saved in a single match. This is something I will straightforwardly tell you to avoid doing at all costs.
Fantasy sports is not for the faint-hearted and what I mean by this is that unless you can accept the losses, you should not start playing. Keep this in mind: ‘Invest the money which you can afford to lose without letting it affect your mental or financial health.’
Yes, fantasy sports is exciting and intriguing but seeing your money go into someone else’s pockets can be heartbreaking at times. This can lead to severe guilt and depression especially among inexperienced players. So, always be wise when it comes to investing in fantasy sports.
I will end the article with something I always tell my #GLTFAMILY users, “Fantasy me ya aap jeet te ho, aur ya aap seekhte ho.” The day you stop learning, is the day you start losing your mental health.
Be a responsible fantasy sports player and take responsibility for your own decisions because when you invest, you are investing your own money and no one is forcing you to play. When you win, always be modest, celebrate and give thanks. When you lose, be modest even then and learn and grow from your mistakes. Becoming a fantasy player is a journey and not a destination.
About the Interviewee: Mayank is a Fantasy Sports lover. He is an engineer by profession and a YouTuber by choice. He has completed BTech in Food Technology and also holds an MBA in Operations. He also has an Android App named FantasyArena, check it out.
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