Fantasy finance tournaments can ease football itch

With the football season winding down, fantasy trading tournaments might be the next best thing.

As the NFL regular season wraps up, all eyes turn to the Super Bowl in just a few short weeks. The biggest sporting event of the year also marks the end of the fantasy football season, leaving many fans doubly bored with their newfound time off and focus. So what’s a fantasy sports fan to do with their off-season analytical skills? Fantasy finance tournaments are a great way to scratch the fantasy football itch while earning some extra income in the off-season.

What is fantasy finance?

At first, it may seem that finance and sports do not have much in common, and it is true that they do not. But, fantasy sports and fantasy finance overlap more than you think; the only difference is that users choose actions instead of players. Users can choose to enter a fantasy trading contest that typically lasts 15-60 minutes and, using real-time data, can buy and sell stocks and cryptocurrencies in a purely virtual environment. The better users do, the more points they earn. At the end of the day, all players get rewards based on their performance.

The biggest difference between fantasy sports and fantasy trading has always been the timeline. Sports seasons last for several months and fortunes can swing wildly at any time. This kind of long-term excitement and drama is what draws so many people to fantasy sports. Since many fantasy trading platforms, such as StockBattle, have traditionally only offered short-term games of only about 15 minutes, this type of ongoing engagement has not been available. Up to now! StockBattle is preparing to launch its new fantasy finance tournaments in January 2022 to coincide with the culmination of the NFL season.

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fantasy finance tournaments

The new free-to-enter tournaments consist of a series of contests that last 7 days with no limit on the number of participants. Each week, there will be a tournament running from Monday at 11am EST and ending at 11am EST the following Sunday. Registration for each week closes as soon as the tournament starts, so be sure to sign up early.

Fantasy trading tournaments are made up of seven daily contests during the week. Each day, users must draft their virtual portfolio for the day, and at the end of each day, they will receive an email with their daily results. Scores are recorded in the form of points: the number of points a user earns each day is equal to the number of entrants they win. For example, if there are 100 participants, the first place user will earn 99 points by beating 99 people. Results are also tracked in real time on the Leaderboard tab within the tournament.

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At the end of each week, the points are added up and the top 50 winners get rewarded from the $200 weekly prize pool, with the top prize for free tournaments being $50.

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Transition from sport to finance fantasy finance

While fantasy finance and sports have a lot in common, there are some key differences.

Which is the same

Let’s start by seeing what similarities exist between these two fields. While the details of what is being wagered may differ, the strategies used are largely the same.

Safe bets are safe for a reason. The risk is low, which means the payout is equally low. Sure, the Packers will beat the Lions, there’s no debate there and no one is going to offer any return on that bet. You will never win much betting on the Packers, we all know they are good.

You wouldn’t write a fantasy roster without knowing the players. It’s the same with fantasy finance.. Since games in apps like StockBattle are benchmarked against real-world data, your practical knowledge will give you a significant edge over the competition.

Don’t start picking and choosing, you need a strategy. Decide which areas you want to focus on by assessing which sectors are doing well, where it is likely to go up or down. Make a plan and stick to it, but never be afraid to improvise if the time is right.

  • Don’t put all your eggs in one basket

A diverse portfolio is one of the best practices for investing. In fantasy sports and fantasy trading contests, it’s always a good idea to keep the money spread out. Don’t bet your entire bankroll on a lucky break. Put some in safe stuff and wait a little longer if all goes well.

What is different?

While the most robust strategies can work in all markets, there are some very important differences between stocks and sports.

  • The market is more complicated

Sure, soccer is complicated, but it only has one set of rules. The stock market is made up of thousands of companies in hundreds of sectors in dozens of countries. Imagine if a team’s performance in the NBA suddenly affected the outcome of a football game, this is a very real problem in traditional markets as the global economy is so interconnected.

  • The market is more competitive

You may be the biggest sports fan in your league, but when it comes to markets, you probably can’t compete. The sheer amount of resources that companies devote to doing the right things at the right times is immeasurable. When investing, even in fantasy finance, a DIYer will always be at a disadvantage compared to professionals.

  • The market is more random

Sure, sports have an element of chance, but the random nature of the markets is on another level. In fact, according to one study, fantasy sports reward skill much more than stock selection. No matter how much you dig, world events can sneak into the market in ways that sports are immune to.

Still curious? start for free

The best thing about fantasy finance compared to the real deal is that you can get started for free. Apps like StockBattle offer freerolls to all users where they can win real money based on their performance. Also, with the launch of fantasy trading tournaments, users can exploit their long-term knowledge free of charge. So if you’re wondering what to do with your free time after the Big Game, check out fantasy finance and put your skills to the test.

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