Over the last few years, changing laws have led to the proliferation of sports betting apps. As gamblers flock to sportsbooks and daily fantasy sports apps like Prize Picks, knowing the best Prize Picks strategy has become much more important.
There are two keys to profiting over the long term with a daily fantasy sports platform like Prize Picks. To start, you need to have a solid strategy. However, you must also practice strong bankroll management habits to ensure your bankroll grows.
If you are a sports bettor and into player props, you have no doubt heard of Prize Picks, a unique daily fantasy sports app that makes it fast and easy to customize your props. On social media, you may have even run into bettors claiming to make reliable income with sports betting on this platform. In this post, we will share some of the top strategies for playing successfully on this app that will help you get started.
What is PrizePicks?
In case you are not familiar with PrizePicks (also spelled “Prize Picks”), it is an app that allows users to bet on player props for the NBA, MLB, NFLSZN (NFL season), soccer, eSports, and more. In a few quick clicks, you can structure your props exactly how you want for a chance at a good payout.
PrizePicks is currently available in 31 different states, Washington DC, and Canada. If you live in one of those jurisdictions, you can visit the website and sign-up to get started today.
How does Prize Picks work?
Here is how to play on PrizePicks:
- Pick 2 or more player props on the platform.
- The app will display projected stats. Choose MORE or LESS based on what you think each player’s stats will be.
- Choose FLEX play or POWER Play.
- Submit your wager
If you do Power Plays on Prize Picks, every selection must be correct in order to win; in short, it is a parlay bet.
With PrizePicks Flex Play, you are allowed to have one incorrect selection, and still win a payout.
Since the risk is higher with a Power Play, the potential payout is higher too.
Prize Picks Strategy #1 – Restrict the number of legs (especially on Power plays)
The most popular strategy for Prize Picks is to stick mostly with 2-player Power plays. As we just mentioned, the payouts are higher for Power plays than Flex plays. But when you bet on just 2 players, you have a much better shot at winning than you do with more selections.
In general, it’s a good idea to not get too greedy when using Power plays. A good Prize Picks strategy will make sure that bettors mainly utilize Power plays in bets that only have two or three legs to keep the risk down.
Prize Picks Strategy #2- Play large Flex plays
Another popular Prize Picks strategy is to pick 5 or 6 legs and go with a Flex play. A five or six-pick Flex Play is a risky bet, but assuming a 55% hit rate, it may be the most profitable approach in terms of the odds. Take a look at the math (be sure to read the comments, as the original post lays out the math for a 50% hit rate, and the top comment goes into 55%).
While it is difficult to consistently win 55% of sports wagers over the long term, playing five or six-pick Flex plays is going to be a safer Prize Picks strategy than constantly going for the big payout with Power plays.
Prize Picks Strategy #3 – Take advantage of PrizePicks promotions
A lot of bettors shoot for a middle ground between the two extremes above, betting on 3-4 players. Personally, I think this makes the least sense for profitability, but to each their own.
Whatever approach you end up taking, don’t forget to take advantage of Prize Picks’ promotions, like Taco Tuesday, which features discounted player projections.
Also, remember to do your research. Make sure that your picks are all based on a sound and thorough analysis of player performance before you submit your bets.
Taking advantage of the various promotions offered by PrizePicks. These promotions will provide you with positive expected value and as a result make it more likely that you turn a profit over the long term.
What are some PrizePicks alternatives?
PrizePicks is a legitimate app run by a company based in Atlanta. While it is not legal in every state, it is in the majority of states as well as in Canada.
If Prize Picks appeals to you, there are a few similar apps and sites you may enjoy.
Underdog Fantasy
This is perhaps the best-known alternative to Prize Picks. Underdog Fantasy lets you make 5 picks for a 20x payout.
Thrive
Thrive is another popular pick’em app, offering Traditional and Versus (head-to-head) bets. Payouts range up to 20.5x your stakes.
Betcha/Vivid Play
As far as we can tell, the app called Vivid Play is what used to be known as Betcha. It offers similar action to these other platforms, but with a social component (you can see others’ bets).
Fliff Social Sports Picks
Fliff is a social sportsbook where you can make wagers against friends in friendly competitions that do not necessarily involve betting real money.
Prize Picks FAQ
To wrap up this post, let’s answer a few frequently asked questions about Prize Picks.
PrizePicks is legal in these states: AK, AL, AR, AZ, CA, CO, DC, FL, GA, IL, IN, KS, KY, MA, MI, MN, NE, NM, NC, ND, NY, OK, OR, RI, SC, SD, TX, UT, VT, VA, WI, WY.
As sports betting and sportsbooks are gradually being legalized throughout the country, hopefully, this list will expand soon.
If you want to give yourself the best chance of winning as often as possible, just making 2-leg bets over and over again is the most effective strategy. Since Power Play bets pay best, this is the most popular approach.
Yes, PrizePicks is a legitimate daily fantasy sports platform. It was founded in 2015 by Adam Wexler, who remains the CEO. Wexler has a solid reputation; he is a member of the Board of Directors for the Fantasy Sports & Gaming Association. He also served as Digital & Social Strategy Consultant for the Atlanta Hawks.
The 2022 Inc. 5000 List names PrizePicks as the fastest-growing sports company in the US. Much of the company’s popularity is due to word-of-mouth; players who have had great experiences with Prize Picks have referred their friends to join the app.
PrizePicks assigns a fantasy score to a player based on how that player has been performing. For NBA players, PrizePicks considers points, assists, rebounds, blocks, steals and other statistics when calculating and assigning fantasy scores.
Prizee Picks is fast with processing withdrawals. You can submit one request each day. The first one may take up to 24 hours to process, but do not let this put you off; the rest of your withdrawals will be processed rapidly. There are just some extra security checks with the first one to make sure that everything is legit.
Once PrizePicks is done with the processing on their end, you just need to wait for the funds to transfer. With some methods, this might take only 5 minutes. With others, it could take up to 1 business day before you receive your funds. So, pick a method that will be convenient for you.
