Daily Fantasy Review
Yahoo Daily Fantasy launched in 2015 as a beginner-friendly competitor to DraftKings and FanDuel. It built its site around turning their large season-long fantasy users into daily fantasy users. It is an ever-growing site that is becoming one of the top daily fantasy sites in the country. Yahoo Daily Fantasy is offered in 38 states and Washington D.C. It is not offered in the following states: Arizona, Alabama, Delaware, Florida, Hawaii, Idaho, Iowa, Louisiana, Missouri, Montana, Nevada, and Washington. Yahoo Daily Fantasy currently offers contests in MLB, NBA, NFL, NHL, soccer, and golf.
- Straightforward and simple user interface
- Rookie contests for beginners
- Technology used to keep out bots
- Limited number of sports offered
- PayPal is the only deposit/withdrawal method
Yahoo Daily Fantasy currently offers guaranteed to run, 50/50s, head to head, and league contests in six different sports.
All daily fantasy winnings must be reported to the IRS when you complete your annual federal tax return. This is done on Form 1044. You will tally up your total winnings and report them under the “other income” section. The winnings must also be added to your state tax return (if your state has an income tax) and are taxed according to your tax bracket.
The first step for depositing on Yahoo Daily Fantasy is to set up an account. This is done through a Yahoo! Email, and the process is very simple to get started.
Your only option of deposit is PayPal. There is no minimum deposit amount.
There is currently no promo code for a deposit bonus.
All withdrawals are handled through PayPal and take up to two business days to process.
How To Play
The first step for a user is to select the sport in which they would like to create a daily fantasy lineup. Once the sport is selected, the user has to select which contest they would like to enter. Yahoo Daily Fantasy offers four contest types which are listed below. After choosing which contest type to enter, the user then has to decide on a contest. One of the things that is unique about Yahoo Daily Fantasy is that its contests are split between rookie, normal, and veteran. Rookie contests can be played by users that have joined 50 or fewer contests in the past while veteran contests are reserved for players that have been successful in the past. Normal contests can be played by anybody. After selecting their contest, the user has to create a lineup based on a salary cap. Each player is given an assigned dollar value, and the user has to put together a team whose dollar values add up to less than or equal to the starting salary cap provided. This lineup can be used for multiple contests across the platform. The majority of contests on the platform allow up to 150 unique entries.
Types of Contests
- Guaranteed to Run: Guaranteed to Run contests guarantee that the contest will take place even if the entire entry pool is not filled. Smaller entry pools create better odds for winning.
- 50/50: 50/50s allow the top half of the competition to win an equal prize.
- Head to Head: In head to head contests, users compete against another individual user for the entire prize pool minus the standard fee that Yahoo Daily Fantasy takes out.
- League: Leagues allow users to compete against the same users over a set period of time. This is similar to season-long fantasy leagues except that lineups can be re-drafted each contest.
Yahoo Daily Fantasy has a very straightforward website with an easy to use interface that allows easy selection of contests. This makes it very simple for users to select which contest that they want to use without having to weed through all of the frills of other websites. Yahoo Daily Fantasy is very beginner-friendly. As mentioned earlier, the site caters to beginners with rookie contests and a simple platform. This encourages users to make the jump from season-long fantasy to daily fantasy with almost no hesitation. The site also does a great job of keeping experts from exploiting contests by entering an unlimited amount of entries. Yahoo Daily Fantasy limits the amount of entries from each user making it even easier for beginners to still win contests. Scripted contest management software tools will also get users banned from the site. This prevents daily fantasy users from making programs that will create unique lineups increasing their odds to win. Yahoo! Is a very trusted brand that allows users to feel confident that they are not being scammed out of their money, and all of these features for beginners only add to that confidence. Yahoo Sports rewards points are another great positive for this site. These points, when they add up, can be used to enter paid contests and win real money. Yahoo Daily Fantasy also offers great research tools on their own site that help users set their daily lineups. These are especially helpful for head-to-head contests where there is a lower risk of running the same lineup as there is in bigger tournaments. Finally, the Yahoo Fantasy App is ranked as the #1 fantasy sports app for both iOS and Android. The app is just as easy to use and looks just as nice and the desktop and mobile sites.
The only two big cons for the site are the number of sports offered and the deposit and withdrawal methods. For fans of UFC, tennis, boxing, NASCAR, and other sports not offered by Yahoo Daily Fantasy, it can be frustrating to be limited to the six sports on their site. And, since Yahoo Daily Fantasy uses PayPal for all deposits and withdrawals, users that would like to use a credit or debit card will have to look for another site on which to play.
How To Deposit
The first step for depositing on Yahoo Daily Fantasy is to set up an account. This is done through a Yahoo! Email, and the process is very simple to get started. Once the account is set up, users can deposit with no minimum through PayPal. All withdrawals are also handled through PayPal and take up to two business days to process.
Overall, Yahoo Daily Fantasy is one of the best sites on the market. It has an incredibly easy to use interface and is the most beginner-friendly daily fantasy site. Despite its drawbacks like working only through PayPal and not having the largest variety of sports to play, Yahoo Daily Fantasy makes up for it with the #1 app on the market and a great chance to win each competition.
- Reputation and Licensing: 5/5
- Game Variety: 4.5/5
- Game Quality: 5/5
- Bonuses and Promotions: 4.5/5
- Deposits and Withdrawals: 3.5/5
- User Experience: 5/5