Use the promo code EWB to receive a 100% deposit bonus, up to $100. Register today!
Daily fantasy sports are all the rage right now, especially considering the federal government overruled the Professional and Amateur Sports Protection Act of 1992 in 2018. Since then, the legality of sports gambling -- including daily fantasy sports -- has been a state-by-state issue.
In fact, it was that same year that PrizePicks joined the daily fantasy sports industry. A unique and innovative DFS experience, PrizePicks has quickly become a preferred option among DFS players across the nation. If you’re looking for a new way to play daily fantasy sports, this is it.
Better yet, they’re offering new users a generous welcome bonus for signing up. By using the promo code EWB, new users will receive a 100% deposit bonus and a free contest entry. This means you can double your deposit and have an opportunity at free winnings from the start.
|Offer||$100 Deposit Bonus|
|Offer Dates||Bonus Available June 1st - June 30th|
|Terms||Limited to New Players in Eligible States|
In order for new players to create an account and start betting on the PrizePicks platform, they must confirm they’re located in a state that PrizePicks currently operates in. While that doesn’t mean every United States resident can play, they do operate in 28 states -- as well as Canada.
The 22 states that PrizePicks doesn’t operate in include AZ, CO, CT, DE, HI, ID, IN, IA, LA, MD, ME, MS, MO, MT, NV, NH, NJ, OH, PA, TN, VA, and WA. If you live in any of those states listed, you won’t be able to sign up or enter any of the PrizePicks contests -- at least for now.
The good news is PrizePicks operates in certain states that have yet to legalize sports betting -- including Texas. While it’s not the same as traditional sports betting, it does give users a chance to use their skill and knowledge about a wide range of sports to hopefully win some extra cash.
As we mentioned above, PrizePicks is 100% unique when compared to other daily fantasy sports operators. They have their own way of doing things and it creates a more innovative and exciting experience that no other operator can duplicate. Don’t worry, we’ll explain it all below.
First, users select a sport they’re interested in betting against. Second, you choose whether you want to bet on a single stat line or a fantasy score. Third, you select the team and player you want to place that bet on. Then, you choose between the over and under of that team or player.
You can then repeat those steps and choose up to five more selections on your bet slip. Once you have all the selections made, you have to choose the type of play you’re interested in -- either a Power Play or Flex Play -- before you can finally place the bet and make it official.
Keep in mind, the number of selections and the type of play you select are what determines your potential reward. For example, Power Plays have a higher payout than Flex Plays. Since that might be a new way to play, we’re going to explain those rules in more detail down below.
Once you’ve made your selections, PrizePicks will ask you to select which type of play you want to partake in. You’ll be given two options -- Power Play or Flex Play -- and your decision will largely determine your potential payout. For this reason, you want to choose wisely.
Let’s take a closer look at each play and how they differ from one another:
Flex Play - as the name suggests, a Flex Play allows for a certain level of flexibility with your bet. Whether you make 2, 3, or 4 selections on your bet slip, you’ll be allowed to get one wrong and still win back some of your money. If you make 5 selections, you’ll be allowed to get up to two wrong and still win back some of your money. It’s a low-risk, low-reward option.
Power Play - as the name suggests, a Power Play is where the real money is at. It’s only available when making 2, 3, or 4 selections and while you aren’t allowed to get any of the picks wrong, the payouts more than make up for it. This play isn’t available when making 5 selections. It’s a high-risk, high-reward option, so you want to make your selections wisely.
It’s important to note that new users can select either of the play options when using their free contest entry. Since it’s a free entry, most people feel comfortable going with the high-risk, high-reward Power Play, while other people play it safe with the low-risk, low-reward Flex Play.
Now that you have a good idea of how to place a bet and the different play options they have available, you’re likely wondering what the payouts are like. Like we mentioned previously, this will largely depend on the number of selections you make and the type of play you choose.
Here’s a look at the payout breakdown when placing a Power Play bet with PrizePicks:
Here’s a look at the payout breakdown when placing a Flex Play bet with PrizePicks:
As you can see, you can win a substantial amount of money with the 4-pick Power Play or 5-pick Flex Play, if you were to get all your selections correct. For example, a $10 bet on either one of those wins would pay out a total of $100 -- that’s 10 times what you originally risked!
Now that you know everything there is to know about PrizePicks, there’s only one thing left to do -- sign up for a new account, take advantage of that welcome bonus, and place that first wager!