I don’t really care too much for sports in general, but for some reason I’ve fallen in love with fantasy football!
For those of you who don’t know, fantasy football is a virtual competition where you form your own football team and earn points based on how those players do in the real football game. The fantasy football season corresponds with the regular football season, so the leagues are starting to form this month.
Fantasy football can be played as a hobby, but here are a couple of ways you can make extra money doing it…
Free Fantasy Football Contests
There are a number of high profile sites that give out big prizes to the winner of their annual fantasy football contest. It’s free to play and you can join as many leagues as you would like to increase your chances of wining.
Be a League Manager
Another great way to make money from fantasy football is to host your own league. Gather up 10 or 12 of your buddies and create a free league on a site like ESPN or Yahoo Fantasy. Charge each of your buddies $25 to play. You get to keep $5 as an administration fee from each player and then the rest of the money is given away as a prize to the winner at the end of the season. It’s a quick way to make $50 or $60 for very little work.
Your other option is to recruit your friends to a free league at “Wanna Make a Bet.” Their site is ad-supported, so there are no fees to join and they give back cash prizes based on how many points you score in the season.
Good Luck Penny Hoarders!