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So you’ve been dominating your fantasy football drafts and fantasy baseball leagues for years... Your NHL fantasy hockey pool has banned you because you keep winning... You've heard about Daily Fantasy Sports and figure you are a shoo-in for easy money… Well think again! It is time to really learn how to play daily fantasy sports so you can win money.

Although you have a good base to start with having general season-long fantasy experience, you need to learn the basics of DFS. Here are some important tips to get you started:

We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime. So, you're diving into daily fantasy sports (DFS) for the first time as a newborn. Dive headfirst, or with both feet. But don't do it before you have read the 10 things DFS players should. “A select few can make a living writing about fantasy sports, but I don’t think they’re making near the money that the daily fantasy sports players are,” he said. “I’m a good player. Playing fantasy sports to make a living is a fantasy, says Indian government – and ads will have to reflect that. India is worried about fantasy sports and will regulate their operation and advertising on television.

Research, Research, More Research

You need to follow each sport you play to see who’s hot, who’s not, who’s injured, what’s the weather report, etc… In other words, there is more analysis that needs to be done than for your full season draft at the beginning of the season.

Develop Strategies

There is a lot of info out there on how you can 'kill it playing Daily Fantasy Sports'. Check out our expert strategy guides and learn the tricks you need to cash in.

Identify Value Plays

Salary Cap games look easy until you go to create a lineup and learn that you can’t fill it with just all-stars. You are going to have to learn how to identify the value plays each night. Whether it’s because of injuries, late scratches, did not start due to coaches decision, etc... you must find the cheap players that will allow you the chance to fill your roster with the all-stars you want.

Bankroll Management

The biggest 'newbie' mistake is thinking you are the best out there and then losing your bankroll in the first week. A good rule of thumb when learning how to play daily fantasy sports is only committing 20% of your total bankroll on any given night and no more than 5% of your bankroll on any single contest. The reality is that you are going to lose some games and go on losing streaks; the key is not to go bust.

Play Beginner Games

Almost every DFS site has a section of games just for beginners (usually for players who have played 50 contests or less). Don’t be a hero - if you’re good, you’ll win money and improve your DFS skills, if you aren’t as good as you think you are, at least you are playing other new players to start.

Grind It Out

When you first join a Daily Fantasy Site like DraftKings, you will see HUGE contests being advertised - “$100,000”, “Win a Million $$”…these are great contests to enter and you can win a lot of money…but the odds of winning are very low. The pros that actually earn a living in DFS play mostly 50/50 or head to head games to improve their odds of winning to 50%+ as opposed to taking risks at 5-10% odds in the BIG money contests. This goes back to Bankroll Management - you can play in the big ones - just fund your entries by playing and winning the 50/50 games.

Being official partners with sites such as DraftKings, FanDuel, and Fantasy Draft, etc... we may receive compensation or other benefits for advertising. Please help us improve our content by using our links which will also earn new players the best bonuses and deals at each site!

At this point, you are probably ready to being CHOOSING A DAILY FANTASY SPORTS SITE, but if you have joined one already or want some more daily fantasy tips - keep reading...

More Daily Fantasy Sports Tips

Here are some more tips to build your Daily Fantasy Sports skills and win money.

Play within your comfort zone

The beauty about Daily Fantasy Sports is you choose your entry fee, you choose your sport, you choose your game type, etc... Whether it's low or high stakes, play smart and pace yourself for a full season.

Check Hot and Cold Streaks

More important then ever with Daily Fantasy Sports, if you can find 1 or 2 players on the verge of a breakout, they can carry your team to an easy victory. Ride any hot streaks for a player until the end.

Don't Limit Yourself to Just One Site

If you're an experienced fantasy sports player and think you have an edge, then why win money at just one site? It's free to create an account, so signup to multiple sites and pick on weaker opponents and earn serious cashflow. Each site has different game types, different salary structures, etc... Plus joining multiple sites means a lot more 'Free Money' in terms of welcome bonuses and new player freerolls.

Here are some great sites to get you started with DFS:

1) FanDuel - The world's largest fanatasy site. New players receive 5 FREE contest entries just for making their first deposit of any amount!

How To Make A Living Playing Fantasy Sports Leagues

2) DraftKings - Quite possibly the best site to join if you are looking for huge prize pools every day and amazing promotions. New players get a free game entry when using our links and making a 1st deposit.

How To Make A Living Playing Fantasy Sports Betting

3) Fantasy Draft - Looking for the best referral program because you have lots of friends into fantasy sports? FantasyDraft.com allows you to build a bankroll and a business while playing DFS. Joining Fantasy Draft is a no brainer.