A fantasy sport is a game where the participants assemble imaginary teams (it could be on paper, or using baseball or basketball cards) using real players from a different professional sports team. So, for a fantasy English Premier League team (soccer), you could have one defender from Aston Villa, a goalkeeper from Manchester United, and a mid-fielder from Liverpool FC, etc.
To understand the concept of fantasy sports, it is important to first understand plain-old fantasy sports, because they have been around for a longer time.
Everyone else in your league does exactly the same thing, and then your teams compete against each other. So, how do you decide who wins? Well, there is a scoring system based on points for certain actions. For example, a goalie stopping a goal is 5 points, and a midfielder throwing a pass is 4 points. Whichever team has the highest score at the end of the game, wins.
How does fantasy sport work?
In the virtual playfield, there is a player selection process, also referred to as a draft, in which you create a virtual team from the players that you think are good. The statistics from the real game are then compared and compiled. For example, in the real world, after the end of the week’s play, 5 players from 5 different teams performed the best. In the virtual world, you had those 5 players in your fantasy team. Put two and two together, and you have had a wonderful time at the weekend’s play!
Through apps and websites, you can track statistics of your players, and keep a check on their performance. There are usually two types of leagues in fantasy sports: one in which you can compete against friends and people you know, and the other in which you compete against strangers (Public Leagues).
That is just the front-end of things. At the backend, you have powerful daily fantasy that is either built by the owners of the site or purchased as a white label (made someone else’s produce their own by customizing). Several free white wheel service is available on the internet which you can use to create your own version of a fantasy site. But that is a discussion for the tech-savvy.