Fantasy Sports And Risk Assessment: Calculating Upside Vs. Downside Potential

Published on:July 24, 2023
Fantasy Sports And Risk Assessment: Calculating Upside Vs. Downside Potential
Aman verma
ByAman verma

Every unknown player's confession: thank you, fantasy sports, for letting us know that we love such sports where fantasy is a necessary ingredient. Fantasy Sports refers to those sports played on websites and mobile apps wherein you will participate in an online sports event by organizing a virtual team of real sports players. What is your next thought about playing online games?

It is earning the points from these games. Earning points from these sports events are based on real-life statistics, which are transformed into fantasy points. The points are credited based on your real-life performances; the higher your fantasy points. The gameplay entirely relies upon defeating the opponent team by befitting the right skills in the suitable game to gain the rewards. You have to earn the opportunity for various rewards: designed as in-app bonuses offering real money as cash rewards.

The judiciary division of India integrates into legalizing these sports events via the 'dominant factor test.' It determines whether the game is based on skills or chance, and the judgment is on the player's side. The judiciary of India has accepted it as a game of skills about various pieces of evidence; some states like Delhi, Mumbai, UP, Punjab, and Haryana have allowed their players to play these fantasy sports games from online domains. Some, like Sikkim and Nagaland, have asked the only domains to acquire formal registration and hold a special license, just like the casino licensing and its regulations.

Are you in the age group between 18 and 40 years? Great! You can use an enormous pool of online fantasy sports domains to be an active user. The pace with which Internet access is being elevated in India is touching the far-fetched areas providing the platform to participate in such contests from websites and apps. However, India has taken a vast initiative to strive to make apps and websites with an easy-to-use interface and understanding, with an option of vernacular languages to gain a maximum user base.

Calculating the Upside Vs. Downside Potential at Fantasy Sports Online

"Upside" refers to "the positive facets of something." On the other hand, "risk" is defined as "a situation exposed to danger." Is a fantasy manager judged according to the "boom" or "bust" percentage? Precisely, no! A fantasy manager could run his gameplay on the gratis on these two essential aspects and make quick calculations, either.

Upside Potentials of Fantasy Game

  • You can Draft Upside Players to Win Cash: Running the upside players every time in the gameplay can surpass your expectation by accumulating the fantasy value of making a win from a losing match. You can find the upside players by figuring out their skill set; for instance - if a player is injured in the current match but has the potential to win, he is known as the upside player. You can call these players upside - rookies, players faced in the starting position of any event, and many more.
  • Collecting Data on your Favorite Team: Collecting data about a player and the team is a hectic task; fantasy sports make it easy and convenient for fans or lovers who indulge in fantasy sports events. Fantasy sports valuable data on a particular team henceforth to apply them on the event while selecting the sports, player, or team. Knowing essential facts about them is crucial to understand their ability and potential.

Downside Potential of the Fantasy Sports

  • Conflict of Interest: Such a conflict of interest of a person arises when he lodges various interests on these aspects like money, relationships, their actions compromise our reputation, or decision-making is being unbiased during the gameplay. One example that fits this segment - your love for a particular sport would not overrule your predicting ability from the winning team.
  • The Pain of Losing the Decision-Making Degree: Making wrong decisions is a habit of beginners. They have to take the risk. Sometimes at an NFL sports contest, a user bench a player who breaks out for several weeks in the season; it is normal that a person cannot give their 100% every time at every match. He might get monotonous after a consecutive win or confused due to the game's complexity. These outputs are pretty natural, but you risk the decision-making capability of benching him after he misses a particular point in a single match.

Conclusion

According to the latest reports, the Indian OFSP industry has rapidly grown by 32% CAGR. They provide multiple fantasy sports options - cricket, football, baseball, basketball, etc. However, many players anticipate that this competitive nature of the country can be the fundamental cause behind the rapid growth of online fantasy sports in the Asia Pacific region. So, if you are a solemn lover of fantasy sports, come ahead and select a sports event and create a solid team to play the real math virtually.

Aman verma
Aman verma

With over a decade of experience in the iGaming sphere, Shahanshah never leaves a chance to test newly launched casinos. When free of work, we often find him watching Brooklyn Nine-Nine on a binge mode.

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