Fantasy Sports Glossary

Many players will jump into the world of online gambling without fully understanding exactly what everything is about. Due to this happening so often, we felt it necessary that a comprehensive glossary was created in order to help players looking to do some online gambling whether they are amateurs or pros.

Below you'll find a complete glossary with all of the terms that you could possibly need when betting on your favourites sports team, beating the dealer to 21 or just trying to put together a Full House.

Numbers and Symbols

  • 50/50: A contest in which the prize goes to the top 50 percent of players, usually close twice the buy-in.

A

  • Aejones: Former successful online poker player who turned his attention DFS and won the DraftKings’ Fantasy Football World Championship in 2015 for $5 million, the biggest (at the time of writing) DFS prize ever. Real name Aaron Jones.
  • Auction Draft: A draft where you bid for players in an auction against other contestants.

B

  • Bankroll: The amount of money you set aside purely for playing fantasy sports. Try not to risk more than 5 percent at any one time.
  • Bearish: Having a negative feeling toward a player or contest. (Opposite, see Bullish)
  • Booster: See Multiplier
  • Bullish: Having a positive feeling about a player or contest. (Opposite, see Bearish)
  • Buy-In: The entry fee you pay to the operator to compete in a contest.

C

  • Cash Game: Lower risk games where you usually have roughly a 50 percent chance of winning, such as head to heads, 50/50s, and double ups.
  • Ceiling: The best possible outcome for a player or line-up. The maximum points you can expect to score. (Opposite, See Floor)
  • Combo: See Stacking
  • Commission: See Rake
  • Condia: A DFS legend, real name, Charles Chon, a man who is so good at predicting the outcomes of football games, other players have accused him of being a computer. Regarded as one of the largest volume DFS players there is.
  • Contrarian: Taking a high risk / reward strategy on players that others are unlikely to select in the hopes that they turn in good performances.

D

  • Deposit Bonus: The cash bonus you receive for making a deposit with a site. These vary and usually have “playthrough conditions,” which means the cash as unlocked as you play.
  • Diversify: The strategy of playing multiple lineups, a useful tactic in large tournaments because it helps to fade variance and limit risk.
  • Dollar Per Point: If a player costs $10,000 and is projected to score 10 points he would be worth $1,000 DPP’s. Obviously the lower DPP the better!
  • Double Up: A lower-risk contest in which you double your buy-in by finishing slightly higher than half of the contestants. Similar to a 50/50.

E

  • Exposure: The amount of money you have invested in a player.

F

  • Fade: Dropping a player from your line-up because you consider him to be poor value.
  • FDPs: FanDuel Points. FanDuel’s player reward scheme.
  • Fish: An inexperienced player. We hate to say it, but that’s probably you is you needed to look up this entry in our glossary. Derived from poker slang.
  • Floor: The worst potential outcome for a player or line-up. (Opposite, see Ceiling)
  • FFP: Frequent Player Points. The player loyalty reward scheme at DraftKings.
  • FFPG: Fantasy Points Per Game. This number of fantasy points a player has scored in a season, divided by the number of games played. Players with high FPPGs and lower salaries are therefore extremely desirable.
  • Freeroll: Contests that are free to enter and often offer some kind of cash prize. A great way for new players to gain experience with no financial risk.
  • Full-PPR: A points system that awards one point per reception.

G

  • Game Total: The combined fantasy points of all the players in your line-up.
  • GPP: Guaranteed prize pool. The prize pool guaranteed by the operator regardless of the number of entrants. If the competition does not fill up this will result in an overlay for the players.
  • GTD: See GPP

H

  • Half-PPR: A points system that awards 0.5 points per reception.
  • Head-To-Head (H2H):A one-on-one or “heads-up” contest, usually awarding a return of just under double the entry fee. Considered a low-risk contest.

I

  • Injury Report: Keeping abreast of player injuries is a must for fantasy sports players, and this list will put you in the know.

L

  • Large-Field Content: These contests have hundreds or even thousands of players and can offer big payouts as a result.
  • "Late" Contests: The ability to engage your line-up with just the later games in a single day, as opposed to all games. Ideal for West Coasters!
  • Late Swap: The ability to change player right up until the start of the game in which that player is playing. Most sites lock line-ups on the first game of the game week.
  • Line-Up Lock: The point at which it is no longer possible to tinker with your line-up. Line-ups are usually locked when the first game of the game-week starts. (See Late Swap.)

M

  • Millionaire Maker: Big DraftKings tournament that offers $1 million to the winner.
  • Minimum Salary: The minimum salary for a player, $4,500 in NFL contests.
  • Multiplier: A league where payouts are determined as multiples of your buy-in. A 5x multiplier will award five times the buy-in. The higher the multiple, the greater the risk/reward ratio.

O

  • One-Day Fantasy Contests: Sports such as baseball, basketball, and hockey, which can be played in a single day, allowing you to start over the next day with a completely different line-up.
  • One-Week Fantasy Contests: Because the NFL game week plays over severaldays, these contests span a week rather than a single day, as with baseball, basketball or hockey.
  • Overlay: When a tournament fails to gain enough entrants to cover its guaranteed prize pool, this creates an “overlay,” i.e., added value for the competing players.

P

  • Pick’Em: A contest in which rather than drafting your own team based on a salary cap, you attempt to pick a winner from a group of pre-selected teams.
  • strong>Pivot: The strategy of “pivoting” against good players, who you suspect will be popular choices among your competing contestants, and instead making more unusual, “creative” picks.
  • Point Spread: The point spread is a number bookmakers use as a median between two teams’ likelihood of winning a game in an effort to generate betting interest on both of them. DFS contestants should study the point spread in order to gain insight into likely results.
  • Points-Per-Reception (PPR): In NFL leagues players are awarded points for every catch they make, known as Points-Per-Reception.
  • Prize Pool: The total amount that will be paid out to winning players in a certain contest, usually the total amount of entry fees minus the rake.

Q

  • Qualifer: A contest in which winning players win tickets to larger events instead of a cash prize.

R

  • Rake: The fee, or “vig,” an operator takes from the prize pool for hosting the contest. This will vary from six to ten percent, depending on the type of game.
  • Regression to the Mean: A player’s tendency to return to his projected yearly production rate, following an exceptional game. Yes, he may have scored four touchdowns last week, but he’s unlikely to it again. Base your picks on long-term, rather than short-term statistics.
  • ROI(Return on Investment): The amount of points scored by a chosen player in comparison with his salary. It’s crucial to find players in your line-up you think will offer a positive ROI.

S

  • Satellite: See Qualifer
  • Short Slate: A day with few teams competing, meaning there is a smaller pool of players to choose from.
  • Single-Entry GPP: A guaranteed prize pool game in which contestants are permitted to enter just one line-up.
  • Snake Draft: A contest without a salary cap in which draft order is predetermined and players take turns to make their picks.
  • Stacking: Pairing players from the same team in an effort to increase upside, ie, Rostering a quarterback with his running back. Of course, if that team underperforms it can all go horribly wrong!

T

  • Tournament: Contests with large fields and big prizes. Because only a small percentage get paid, tournaments will require some calculated gambles if you are to succeed.
  • Triple-Up: A contest in which the top third will win three times their entry fee.
  • Turbo: Contests focusing on the early games in a single-day. For the DFS player in a hurry! (Opposite, see Late)

U

  • Upside: The potential of a player to outperform his current salary.

V

  • Value Pick: A player who is considered to be worth more than his salary would suggest. (See Upside)
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