EDITOR’S NOTE: THIS OFFER HAS EXPIRED

The end of the NFL season usually brings the end of the best sports betting promotions of the year. However, DraftKings Sportsbook is keeping the action going into the spring with a great deal for new bettors.

Draftkings How Does It Work Mean

From now through the end of the NBA season, DraftKings will offer parlay insurance for parlays of five or more legs. If only one leg of the bet misses, the site will refund the bet as site credit, up to $25.

This is a great opportunity to try out one of the best legal sportsbooks in the US.

DraftKings makes the process of initiating a withdrawal just as simple as making a DraftKings deposit. You have played some daily fantasy sports contests at DraftKings, are doing well and it’s now time to take some of your excess bankroll off the table by making a DraftKings withdrawal. When drafting your lineup, you’re given $50,000 as a salary cap. Spend this budget on players to create your team. Choose your players from the Player Pool. A Player Pool consists of all the players who will be in a given contest’s game set.

DraftKings Strategy Course 102. Where do you start? You need to know the game you are playing. This is the DraftKings Daily Fantasy Strategy Course, and getting to know how scoring is different on DraftKings is a big help. There are a few big scoring factors that can cause you to have a different strategy in comparison to another site. Step 2 – Deposit Money. DraftKings makes depositing speedy and easy. You'll be directed to the deposit page immediately after signing up. On the deposit screen, you'll be presented with deposit options for $25, $100, $250, $600 and an 'Other' field where you can deposit any dollar amount from $5.00 up to $2,000 (there is an option to fax in information to increase the maximum deposit limit). We are regulated by the New Jersey Division of Gaming Enforcement as an Internet gaming operator in accordance with the Casino Control Act N.J.S.A. 5:12-1 and its implementing regulations.

How does parlay insurance work?

If you live in a state where DraftKings Sportsbook operates, it’s really easy to sign up for an account. Follow the steps with your email, ID, and other info. You’ll also get a free $25 bet just for signing up.

Once on the site, deposit money through a bank account, credit or debit card, or other means. It can be done in-person at a partner casino as well.

Give yourself some time to go over all the betting options DraftKings offers. Putting together the parlay card is simple. DraftKings shows its menu online with easy-to-read prices and figures. Each leg must be -300 or higher, so while you can take the Clippers at -240 in Cleveland, you can’t take Philadelphia at home where they’re -800 against the Bulls.

Use one bet per game for the parlay card. Combining a total and a moneyline for a single game won’t work. However, players can use games from multiple leagues and sports.

Here’s an example of a parlay card from this year:

• Over 6 goals between the Los Angeles Kings and New York Rangers (-105)
• Atlanta Hawks -4.5 on the point spread against the New York Knicks (-112)
• Ja Morant to score 18 or more against the Wizards (-115)
• Los Angeles Clippers moneyline against Cleveland Cavaliers (-240)
• Miami Heat to cover 5.5 points against the Portland Trailblazers (-110)

The total payout on this bet is +1789 (nearly 18-to-1). However, if one leg misses, a free bet up to $25 will be credited to the account.

The insurance isn’t a one-shot deal like other sites run for promos, either. Players can use this up to four times a day. Payouts come on the next business day to the accounts

Parlay insurance rules

While this is a great deal, there are some rules. This has to be a straight parlay card with five as-is bets. No teasers, no round-robins, no odds boosts, and no free bets in the mix. Attempts to cash out while the parlay is still active will nullify the chance to get the insurance.

Parlays have become increasingly popular for bettors. If you like to take some shots to build your betting bankroll, parlay insurance will help soften the blow of a few close calls.

If you know all about fantasy golf then you may have heard of a company called DraftKings. If so you may be wondering how does DraftKings work?

If this is the case then you’re in the right place!

In our DraftKings Review we will guide you through everything that you need to know about DraftKings, how it works and what the pros and cons are so that you can decide if it makes the list of best fantasy golf sites for you.

So let’s get started!

See Also:Top Fantasy Golf Picks

DraftKings Quick Summary

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How Does DraftKings Work: Overview

As a company DraftKings was formed in 2011 and they focus on a mixture of both daily and weekly Fantasy Sports – Wikipedia

We’re going to start with a brief introduction to who DraftKings are and what they are all about.

In the Fantasy Sports arena there are two major players and DraftKings are one of the main ones along with FanDuel.

How To Cheat On Draftkings

The sports that they focus on range from sports like the wildly popular fantasy football to other sports with smaller yet passionate audiences such as Fantasy Golf.

Through fantasy sports on DraftKings, players win points based on the performance of their daily fantasy sports team.

DraftKings: How To Play

Step 1: Signing Up

The first step to getting started is to sign up for DraftKings.

The best thing about signing up to DraftKings is that it is completely FREE and you often get deposit bonuses on your first deposit which is great for while you are getting started on the platform.

Step 2: Enter A Contest

Once you have signed up for an account with DraftKings you will want to find a contest that you feel is right for you to compete in.

Step 3: Do Your Research

Now that you know the sport and type of contest that you will be entering and key information such as when it is, the type of contest it is and how the scoring system works you should conduct your research into the best fantasy picks.

The type of players that you select for your roster can depend on the type of contest that you are entering.

As an example, when making your fantasy golf picks, the type of golf course can affect whether you choose long hitters who may be inconsistent or steady, consistent golfers.

Step 4: Select Your Roster

Now that you know which type of contest you are going to be taking part in.

Step 5: (Hopefully!) Win Prizes

The final step is to watch the sports action unfold whether it be the NBA, NFL or PGA Tour.

Based on good research and a strong performance of your fantasy team you should hopefully be in with a great chance of winning prizes based on the selections made for the fantasy contest that you have entered.

Different DraftKings Contests

You will find a wide variety of contests when you sign up for an account.

Pros Of DraftKings

Prizes: There are huge potential prizes to be won each week with DraftKings which is a great way to add extra competition to the games.
Size: As one of the largest daily fantasy sports sites on the internet you can be sure that there will always be available to contests to enter across a range of types.
Fun to play: As with all daily fantasy sports, if you are invested in your squad and the contest that you have entered then you will have fun playing.
Flexibility: You are not just limited to one sport when you sign up for DraftKings. The platform covers a wide range of sports including Football, Baseball, Basketball, Soccer, Tennis & Fantasy Golf.
Short Term Options: With some different variations of daily fantasy sports you will be required to take part in season long games. However, what separates DraftKings is that there are options to play weekly or daily competitions which are great for short term fantasy sports players or even players who want to play regularly. However, you can also play season long in private leagues.
Beginner Friendly: Comes with beginner game modes which are great for gaining experience.

Cons Of DraftKings

State restrictions: Although DraftKings can be played in many countries and the majority of states, the website is restricted in certain states in the US. The current restricted locations are the following: Alabama, Arizona, Delaware, Hawaii, Idaho, Iowa, Louisiana, Montana, Nevada, and Washington.
Ease of use: The only other potential con that we’ve noticed is that the platform itself could be easier to use. They do have great beginner modes for getting started, but just getting yourself around the site may take a few minutes. If you are looking for a user friendly platform then you may prefer to learn more about Fanduel (Full Review).

Frequently Asked Questions About DraftKings

Are DraftKings winnings taxed?

Yes, winnings will be taxed. If you make a net profit of over $600 for the year then you will be issued a 1099-MISC tax form.

Are there any DraftKings promo codes?

Yes, quite often there are DraftKings promo codes with great bonuses for when you sign up for an account.

You can find the best DraftKings Promo Codes here.

Does DraftKings have an app?

Yes, the platform also comes with a mobile app which makes it easy to play while you are on the go and not restricted to just playing on desktop.

Can I enter Free Contests?

Is DraftKings legal?

It is legal in most states in the USA with the exception of Alabama, Arizona, Delaware, Hawaii, Idaho, Iowa, Louisiana, Montana, Nevada, and Washington. The company also offers sports betting which is legal in certain states too.

How do you withdraw money from DraftKings?

To withdraw your winnings simply head to the withdraw section, select the amount that you would like to withdraw and then proceed with the chosen withdrawal method.

What is the best strategy on DraftKings?

This can be subjective and vary on a contest by contest basis. However, as we are golf focused here are some of our best fantasy golf strategies.

How long does it take for DraftKings to payout?

Draftkings How Does It Works

As stated above it is really easy to withdraw your winnings from your account. Processing your payout however may take 2-7 days.

Draftkings How Does It Work For A

DraftKings Review: Conclusion

To conclude, now that you’ve learned how does DraftKings work, it is time for you to make the decision of if it the best fantasy sports platform for you to get started.

In our view DraftKings is one of the very best choices that you can make for Fantasy Sports for all of the pros that we highlighted earlier in the guide. It is a great place to get started with Fantasy sports and with it being so popular you will always be able to find some contest or event that you can get involved with. Like we state, it may take a few minutes to learn your way around the website moreso than a platform like Fanduel (You can compare FanDuel vs DraftKings here) but once you have picked it up you should be in a good position going forward!