PrizePicks has one simple mission: to enhance your sports experience.
Yes, there are prizes to be won and competitions to be dominated. However, the driving force behind everything this operator does is entertainment.
In fact, since beta testing started in 2018, PrizePicks has developed a package that provides the perfect mix of action, insights and betting opportunities.
For us, PrizePicks is the ideal daily fantasy sports (DFS) site for newbies and experienced competitors.
The reason is its structure and underlying dynamics. We’ll focus more on the former in this PrizePicks review.
For now, let’s say that the desktop and mobile platforms are designed to make DFS as accessible and intuitive as possible.
In terms of the latter, PrizePicks is a hybrid. Instead of following the traditional path of posting DFS markets for a variety of sporting outcomes, the site focuses on props.
How does PrizePicks work?
For those familiar with traditional real-money sports betting, props are bets you can make on individual outcomes.
For example, if you were to scroll through the props menu at a sportsbook, you might be able to speculate on X player scoring over Y points in a game.
The idea here is that you have to predict whether the player’s total will be over or under the preset line.
At PrizePicks, the process is virtually identical. Put simply; you’ll choose two, three or four players and then bet on whether their fantasy scores will be over or under set lines.
To help you decide, PrizePicks provides an adequate breakdown of its scoring system. Using this, plus a wealth of stats and your sporting knowledge, you can enter a DFS pool and make your prediction.
The amount you win will depend on the picks you make versus the number of correct predictions.
We’ll explain the process in this PrizePicks DFS review.
For now, it’s essential to understand that this operator provides a slightly different model than other operators.
In our opinion, it’s a model that not only strikes a balance between traditional sports betting and DFS but one that’s easy to understand. Essentially, you have one decision: Will X score more or fewer points than the experts think?
For us, this why PrizePicks is one of the best online DFS sites for novices.
Of course, that doesn’t mean seasoned fantasy fans are left out in the cold. As you’ll see in the rest of this PrizePicks DFS review, this site offers something for everyone.
PrizePicks deposit and withdrawal options
You’ll be pleased to know that when you initiate any type of financial transaction at PrizePicks, you’re funds are fully protected.
As well as acting in accordance with state laws, this DFS operator uses SSL-encrypted software and only works with recognized banking partners. Therefore, it doesn’t matter whether you’re making a deposit or withdrawal, you can count on the necessary protections being in place at all times.
When you join PrizePicks DFS, you’ll be able to make a real-money deposit if you live in a permitted state.
However, before you can set an initial transaction in motion, you’ll need to give the site’s geolocation services access to your device. In other words, you need to prove you’re in a permitted region for DFS via your IP address.
Assuming you’ve done that and everything checks out, you’ll be able to deposit at least $20 using PayPal or e-check.
The latter option isn’t ideal if you value speed, as it can take up to five days for the funds to appear in your account. However, in the absence of PayPal, it’s a safe way to make a deposit.
For those with a PayPal account, you can either use the money in your e-wallet account or use it as a middleman. In practice, this means you can make deposits using Visa, American Express, Discover and Mastercard. However, the transaction has to go through PayPal first. For us, that’s a slight issue as is means you have to jump through an extra hoop to start playing for real.
Additionally, it can take up to 20 minutes for your money to appear. Now, in most cases, the deposit is processed within 30 seconds. However, there can be a slight delay due to the extra step in the process.
On the way out, PayPal or e-check are your options; $30 is the minimum withdrawal. Additionally, you’ll have to play through your deposit at least once before you can cash out.
In terms of upper limits, there is a $1,000 withdrawal cap per seven days. Finally, requests process between 1-5 p.m. EST, Mondays through Fridays.
Again, these conditions could be better. However, the benefit of them is that your deposits and withdrawals will virtually be guaranteed.
What’s more, you can be confident your bankroll is safe at all times. Therefore, even though we’d like to see a slightly more streamlined system, we understand that PrizePicks is doing its best to stay on the right side of the law and give you the best service possible.
PrizePicks contest types
As we’ve said already in this PrizePicks review, the way you take part in its DFS contests is relatively unique.
To play, you’ll need to select between two and four players, then predict whether their fantasy score will finish below or above a set line.
To help you manage your risk, PrizePicks has two types of contests:
- Power Play: In these competitions, all picks must be correct for you to win.
- Flex Play: In these competitions, you can have one incorrect pick, and you still win (you must make at least three picks).
The number of picks you make versus the number you get correct determines the payout in each contest:
Power Play payouts
- A correct four-pick Power Play will pay out 10x your entry fee.
- A correct three-pick Power Play will pay out 5x your entry fee.
- A correct three-pick Power Play will pay out 2.5x your entry fee.
Flex Play payouts
- A four-pick Flex Play with four correct picks will pay out 4x your entry fee.
- A four-pick Flex Play with three correct picks will pay out 1.5x your entry fee.
- A three-pick Flex Play with three correct picks will pay out 2x your entry fee.
- A three-pick Flex Play with two correct picks will pay out 1.25x your entry fee.
For all contests, the minimum entry fee is $10. However, there are caps on the amount you can stake.
If you’re only making two picks, you can wager of up to $400. Three-pick stakes are capped at $200, and you can bet a max of $100 for four picks.
We love the diversity of the offers at PrizePicks.
The developers at PrizePicks have integrated stats from Fantasy Data.This information provides acute insights into a variety of metrics for top players in the following sports and leagues:
- English Premier football league
- Major League Soccer
- National Hockey League
- NCAA football
- PGA Tour
- SEC football
- Smite video game
Overall, when you piece all of the above elements together, PrizePicks provides a truly impressive betting experience. Even though it differs from the norm, we think it’s a fantastic way to get more from the sports you love.
PrizePicks app (and desktop software)
Perhaps the feature that impresses us most is the interface.
As well as choosing a neutral color scheme that’s easy on the eyes, the playing card format is fantastic.
In the first instance, it plays into the tone of the site, moreover, the industry. By replicating the look of trading/sports cards, the designers have instantly set the mood. Beyond that, the layout plays into the current move toward minimalist mobile setups.
The playing cards are perfectly positioned to resize and shift as required.
Additionally, the DFS menu is small, and the icons are still effective. The combination of these elements means you can take part in the latest fantasy pool just as easily on your mobile (via iOS or Android apps) as you can your desktop.
Given that split-second decisions can often pay dividends in DFS competitions, having this ability to switch devices and access your account at any time is fantastic.
Another impressive aspect of PrizePicks DFS is the wealth of information on offer.
As you’d expect, statistics, results and player profiles come as standard. These are comprehensive and should provide some acute insights for even the most informed sports fans.
However, what stood out to us was the tips. Despite its popularity, DFS is still a new concept to some, and PrizePicks does a great job of breaking down the process.
The top of each page features instructions on what to do in order to make a pick. As we’ve said, users select two, three or four players and then predict whether their fantasy scores will finish above or below a predetermined line.
In tandem with these necessary steps, a full breakdown of the betting rules, an FAQ and a DFS scoring chart are also available.
Between these provisions and the well-considered layout, PrizePicks DFS is pitched perfectly for novices.
Even if you’re entirely new to online DFS betting, the platform will guide you through the process. What’s more, as you become more experienced, there is an ongoing stream of info to help you refine your strategy. In that sense, PrizePicks has succeeded in becoming all things to all customers.
PrizePicks player rewards
All newbies at PrizePicks DFS will receive free entry to a fantasy pool and a 25% first deposit bonus worth up to $1,000.
In a vacuum, that’s a solid deal. If we’re overly critical, the deposit multiplier could be slightly better. However, the promo team did an excellent job of offsetting this with a hefty bonus cap.
Indeed, if you’re a seasoned fantasy sports player, the PrizePicks welcome bonus has plenty to offer.
In fact, if we compare this deal to those offered by some of the more prominent DFS brands such as DraftKings, it stacks up well. In addition to an impressive headline offer that trumps anything its peers have to offer, PrizePicks gives you extra credits for referring a friend.
Each player you recommend can earn you $20. Put simply, if your friend tags your account and make a deposit, you’ll receive $20 in bonus cash. If your friend deposits more than $100, you’ll receive an additional 10% of his or her transaction.
For example, if he or she credits his or her account with $200, you receive the standard $20, plus an extra $20, which gives you $40 in total. Therefore, if you’re willing to become an active bettor and, moreover, encourage your friends to do the same, PrizePicks can be extremely lucrative.
PrizePicks members services
If ever you need assistance, the PrizePicks support team is available through a variety of methods.
As well as an FAQ, live chat, email ([email protected]) and phone (770-545-6450), you can write to PrizePicks at:
3423 Piedmont Road NE, Atlanta, GA 30305
In addition, you can visit PrizePicks on Facebook and Twitter (@PrizePicks).
Anyone can create an account at PrizePicks. However, if you want to play real-money fantasy sports pools, you have to be in an accepted region. Although PrizePicks covers the majority of North America, it’s not active everywhere.
For those wanting to play real-money DFS competitions, the permitted regions are:
- Washington, D.C.
- New Mexico
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia
Moreover, the following are some other requirements for playing on PrizePicks:
- Must be 18 years or older (21 years of age or older in Massachusetts).
- Must be a citizen or resident of the US or Canada with an address in the US or Canada.
- Must be physically located in the US or Canada in a jurisdiction in which participation in the contest is not prohibited by applicable law at the time of deposit or contest entry.
- Individuals may not be on any US government list of prohibited or restricted parties.
If you’re old enough and located within a valid region, PrizePicks is worth a try.
What’s more, it’s giving you a chance to bet on sports in a way that’s legal even in states where real-money sports betting isn’t regulated yet. Basically, if you enjoy sports and want a bit more bang for your buck, PrizePicks is more than worth a shot.