NBA Betting: DraftKings $150,000 NBA Bank Shot Tournament

Steven Suarez

Wednesday, February 20, 2013 1:16 PM GMT

Wednesday, Feb. 20, 2013 1:16 PM GMT

Daily fantasy games leader DraftKings is stepping up to the plate once again, this time by offering a huge NBA contest in which the winner takes home $50,000. If you love fantasy sports, this is one event you don't want to miss.

If you're still unfamiliar with DraftKings, be sure to read our introduction to the site, while you can also get some helpful tips in preparation for making the best possible roster selections. The $150,000 Bank Shot Tournament is for the NBA only, but DraftKings is also involved in NFL, NHL and CBB action and is rumored to be expanding to other sports in the near future as well.

Be sure to use the Free NBA Picks on offer at SBR to help you figure out who has the edge.

For basketball, you start with $50,000 in salary cap and must select a PG, SG, SF, PF, C, G, F, and UTIL while of course staying under budget. Many players are eligible at multiple positions, making it much easier to get the roster you want.

In terms of the scoring system, DraftKings rewards for points scored, rebounds, assists, steals, blocks, made 3-point shots and then double-doubles and triple-doubles. Turnovers are the only way you can lose points.

There's plenty of strategy involved. Sure you can buy both LeBron James and Kevin Durant, but you're going to have to make some massive sacrifices elsewhere on your roster to do so. That's what makes these daily fantasy games so fun and challenging.

Check out what other SBR users have to say about DraftKings.

The Bank is Open

Not only does DraftKings offer a wide variety of buy-ins each and every day, they've also been serving up a $20K Big Wednesday Special every week, a contest in which the victor gets a fat $4,000 payday. 

Now the site is raising the stakes even more by running the biggest single day cash event in fantasy basketball, with over $150,000 in guaranteed prizes. They've locked down March 27 as the date for the tournament.

Here's a quick overview of the incredible prizes that will be handed out to the top five finishers:

1st) $50,000

2nd) $20,000

3rd) $10,000

4th) $7,500

5th) $5,000

It doesn't stop there though. The Top 100 will get rewarded with at least $400 in winnings, making this an extremely attractive contest for those that think they know fantasy basketball inside and out. 

Multi-entry is available, meaning you can hedge your bets by getting some different looking teams into the competition. Can't fit all the players you want into one team? Well here you go.

There are a few different ways to qualify for the $150,000 Bank Shot Tournament. The easiest, but obviously most expensive course of action, is to simply pay the $200 entry for a direct spot. 

However, if you don't want to shell out that kind of cash, you can join a number of different qualifiers that DraftKings will be running each and every day leading up to March 27th. Right now the site is offering both $5 (with 45 entrants) and $22 (with 10 entrants) qualifiers, with the more expensive buy-in giving you the best odds of winning that coveted ticket.

For more information about the contest, head on over to the tournament page here.

Let our live NBA betting odds aid you in making your selections.

 

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