Why/how is fantasy football for money 100% legal?

[Fishhead]

[Fishhead]

[UntilTheNDofTimE]

its actually not, but it dosent get as much attention as other forms of gambling that brings in alot more mnoey that the government wants their hands on.

[Fishhead]

its actually not, but it dosent get as much attention as other forms of gambling that brings in alot more mnoey that the government wants their hands on.

It's not???

[UntilTheNDofTimE]

go win some mnoey in a league and don't claim it on your taxes see what happens if you got audited and they wondered what all these paypal transaction were for.

[bettilimbroke999]

Bc no one cares about ppl blowin 50 bucks over a 4 month season, kinda like golf bets or pool bets usually doesnt amount to enough for anyone to care about

[Fishhead]

go win some mnoey in a league and don't claim it on your taxes see what happens if you got audited and they wondered what all these paypal transaction were for.

Paying taxes on winnings or not doing so has nothing to do with it being legal or not.........

[Fishhead]

Bc no one cares about ppl blowin 50 bucks over a 4 month season, kinda like golf bets or pool bets usually doesnt amount to enough for anyone to care about

Again........

There are leagues one can join that pay thousands and thousands to the winners.

[UntilTheNDofTimE]

The reason gambling is not legal is because the money being sent overseas is not regulated. If they could it would be legal in a second. but as bet said and i stated earlier there dont care as much simply because there's not as much money involved so they dont care to look into it as much as say a sports book.

[UntilTheNDofTimE]

Again........

There are leagues one can join that pay thousands and thousands to the winners.

How big of a league you looking for? i run 50-500 dollar entry leagues

[Fishhead]

FANTASY FOOTBALL is LEGAL because it is considered a game of skill.......and sportsbetting and poker are not????





Among the startling decisions made by Federal Reserve and Treasury officials in devising the regulations is the inclusion of poker as a game of chance, while fantasy football is considered skill.
A former lobbyist for the National Football League has been implicated in the rush to finalize regulations implementing the Unlawful Internet Gambling Enforcement Act. Even though White House spokesmen have insisted that William Wichterman was cleared by ethics overseers to participate in crafting the rules, some observers have noted how convenient for the NFL the final rule is.

Among the startling decisions made by Federal Reserve and Treasury officials in devising the regulations is the inclusion of poker as a game of chance, while fantasy football is considered skill. In the published explanation of the rules, it is stated that Congress by using the term "game of chance" to define illegal gambling whereas a passage later it refers to "predominantly games of chance" meant to include games that may be mostly skill but contain elements of luck.

This is used to include online poker sites in the category of illegal Internet gambling. But fantasy football is ruled legal, and chance is discounted. Of course, any fantasy sports player knows that a tweaked injury or a blown call can determine that day's outcome. Often, leagues consist of a set of all-star teams, and random and unforeseen circumstances decide fantasy victors.

The difference is the immensely wealthy and powerful NFL lobby. The NFL supports fantasy football, providing statistics and merchandising and making a pretty penny on the activity. So, once again, certain gambling forms are under legal attack not for moral reasons, but because a monopolistic competitor feels threatened.

Any cry about gambling addictiveness or moral turpitude must include fantasy football, as much a threat to the sanctity of marriage as any housewife has faced. But, as long as the NFL can profit from it, fantasy gambling somehow morphs into a game requiring more skill than poker, a fantastic proposition.

One fantasy football gambler, Tony H. of Kansas City, said, "Of course fantasy is gambling, that's why I love it! I play in four football leagues, three baseball, and two each for hockey and basketball. "

Asked how many hours he spends obsessed with fantasy sports, Tony said, "No more than fifteen hours a week, twenty max."

If the NFL could get a piece of Las Vegas sportsbooks, how quickly would it lobby to spread sports gambling around the

[Fishhead]

Is fantasy football legal in the US?

Absolutely!
The Unlawful Internet Gambling Enforcement Act of 2006, which was an amendment to the larger and unrelated Safe Port Act, included "carve out" language that clarified the legality of fantasy sports. It was signed into law on October 13, 2006 by President George W. Bush. The Unlawful Internet Gambling Enforcement Act makes transactions from banks or similar institutions to online gambling sites illegal, with the notable exceptions of fantasy sports, online lotteries and horse/harness racing.
The bill specifically exempts fantasy sports games, educational games, or any online contest that "has an outcome that reflects the relative knowledge of the participants, or their skill at physical reaction or physical manipulation (but not chance), and, in the case of a fantasy or simulation sports game, has an outcome that is determined predominantly by accumulated statistical results of sporting events, including any non-participant's individual performances in such sporting events.

[UntilTheNDofTimE]

Knock yourself out the man who asks the answers to the questions he already knows.

[Fishhead]

What fantasy football site takes out the less RAKE for their games for money?

I can't seem to find many that pay back more than 90% to the players.

Now I understand you can have a group of friends juicing the total pot to make for less rake, but let's not consider that for that question I'm asking.

FH

[Fishhead]

Knock yourself out the man who asks the answers to the questions he already knows.

No, I had to look it up...................

I think there are quite a few here that believe fantasy football for dollars is illegal, when indeed it is not.

[UntilTheNDofTimE]

Thats the reason why i run leagues fisher, why should we let a site steal 10% of the pot? 0% commishion on my league u just have to cover pay pal fees, most send checks to avoid that also so its 100% to the players

[UntilTheNDofTimE]

I just saw this

12 Team "HallofFamer" Football League prize breakdown ($2999.99 entry fee)
1st place: $15,450
2nd place: $9,270
3rd place: $6,180
Toilet Bowl Champion: $1,500

Entry fees: 35,988
Prize Pool: 32,400

3,500 in commissions? bullshit

[Fishhead]

I just saw this

12 Team "HallofFamer" Football League prize breakdown ($2999.99 entry fee)
1st place: $15,450
2nd place: $9,270
3rd place: $6,180
Toilet Bowl Champion: $1,500

Entry fees: 35,988
Prize Pool: 32,400

3,500 in commissions? bullshit

Yup, 10% take-out.


I'm surprised a fantasy league website has not come along(if there isn't one now) that offers high limit entry fees with LESS THAN 5% RAKE.............aka the Matchbook of fantasy leagues.

I've asked this question at a few sites and nobody seems to know of any.

I know I can join a private league with 100% payback or close to it, but I would like to find a regular and reputable online site where I could enter say 10-15 leagues at a minimum $300 a crack that has a very low takeout(rake).

THANKS,
FH

[UntilTheNDofTimE]

10-15 leagues wow , yea youd have to use a site for that. I usually run a 50 100 200 250 leagues but anything higher up than that its hard to find managers.

[Fishhead]

I would love to enter a league with 12 others for 1,000 a pop............and a 95%+ payback...........with an online site.

Are you familar with REAL TIME FANTASY SPORTS??............great software.

[Fishhead]

yup, 10% take-out.


I'm surprised a fantasy league website has not come along(if there isn't one now) that offers high limit entry fees with less than 5% rake.............aka the matchbook of fantasy leagues.

i've asked this question at a few sites and nobody seems to know of any.

i know i can join a private league with 100% payback or close to it, but i would like to find a regular and reputable online site where i could enter say 10-15 leagues at a minimum $300 a crack that has a very low takeout(rake).

Thanks,
fh

bump

[Johnny 55]

What are some sites one can sign up and join a fantasy football league with the lowest rake, or just sign up in general in order to play for money.

[Fishhead]

What are some sites one can sign up and join a fantasy football league with the lowest rake, or just sign up in general in order to play for money.

RTSPORTS.COM

I have a free team here through TheRX/BETJAM that pays $500 for the leauge champion(10 teams) and $250 for winning your 5 team division. The software here is A+.....real time scoring and real time drafting.

I'm thinking of entering a team into the $499 entry fee challenge here.........although it only pays back around 89% of the entry fees. It is a 12-team league.........3,000 for first, 1500 for second, and 750 for third.

As mentioned earlier in this thread, I'm also looking for sites that have a big prize pool and do not take out more than 10% of the prize pool. I can't believe there are none out there and if there isn't, some sharpie here should build a site and offer this.

FH

[jagaf22]

Your sharp fish go for it!

[jjgold]

I am going to try and get it removed from Internet. It is highly illegal and I do not like it and the silly talk it generates every week.

[Fishhead]

I am going to try and get it removed from Internet. It is highly illegal and I do not like it and the silly talk it generates every week.

JJ, thought the same thing 20 months ago...........however, my whole perspective on fantasy football has changed.

[Fishhead]

http://www.footballdocs.com/fantasy-football-sites.html

Find me something good at the above site.

THX

[Fishhead]

http://www.footballdocs.com/fantasy-football-sites.html

Find me something good at the above site.

THX

Here is one I found at the above site, pretty cool for you draft junkies........

http://www.antsports.com/adp.aspx