What Is PrizePicks? How to Play, Legal States, More
Elizabeth Flores /Star Tribune via Getty Images. Pictured: Dalvin Cook
PrizePicks has gained steam over the last few years as a DFS alternative, and it’s available in a lot of states where traditional online sports betting is not.
So what is it? It’s a DFS site where you create a lineup of prop selections you like. Think of it like a prop parlay. You have the option to take over or under on the number of fantasy points a player will score, or traditional counting stats like yards, receptions and touchdowns.
Here’s how it works.
How Does PrizePicks Work?
PrizePicks’ interface should look pretty familiar. If you’re on a desktop, you’ll see the sports and prop types at the top, players to take in the middle, and an “entry slip” on the right side where you select your parlay type, over or under for each player, and the money you want to wager.
Here are the steps to put in a lineup:
- Navigate to your desired sport and stat
- Pick your players
- Select over or under the stat you chose
- Choose Flex Play or Power Play (more on this below)
- Enter your wager amount
- Click Place Entry to submit
That’s it! Although it’s DFS, you’re not playing against your peers or a field, you’re playing against PrizePicks and the lines they set.
What’s the Difference Between Power Play and Flex Play?
The Flex Play offers you smaller payouts if you hit all of your plays, but a safety net if you win some but lose the others.
Example: If you bet $10 on a two-player Flex Play, you’ll get $5 if you go 1-1, and $20 if you go 2-0.
The Power Play requires you to hit all of your picks to win, and give you worse odds than a sportsbook will on each parlay. For a two-teamer, you’re getting paid 2-1 instead of +260.
But in theory, you have an advantage because props are easier to beat than NFL point spreads given the efficiency of the markets, so getting +500 on a three-player parlay in which you have a real edge could be advantageous.
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How to Win on PrizePicks Using Our Projections
The Action Labs props tool uses industry-leading projections from Sean Koerner, FantasyPros’ No. 1 fantasy football ranker in 2019, and Justin Phan in NBA to beat the prop market. You can leverage them on PrizePicks, too. FantasyLabs also has player-level fantasy point projections.
We’ll have weekly articles with our favorite props on PrizePicks for NFL and college football this fall.
Where Is it Legal?