iGaming Products┃ Fantasy Sports
If you’re new to daily fantasy sports, the first thing I’m going to tell you is that “daily fantasy sports” is a pain to type over and over, so we call it “DFS”. If that was a revelation, this glossary is for you. If you have no idea what “fading Calvin Johnson in GPPs is a great contrarian play” means, you’d better read on. DFS introduces a whole new set of terms that you just won’t come across if you’ve only played in traditional fantasy football leagues. Understanding some of these terms can even be crucial to your DFS success. Many of these terms will pop up throughout the year in our weekly strategy guides, so feel free to refer back to it at any time.
There is currently 1 name in this directory beginning with the letter O.
Overlay
When a DFS site loses money and pays more than the total entry fees collected in a GPP content, it’s known as overlay. The result of a GPP not completely filling. The prizes will still be allocated out as if the contest filled, but entrants have to beat less players. A daily fantasy site loses money on these. Amount of overlay can be calculated by subtracting (entry fees * entrants) from prizes guaranteed. For example, a contest with a $1 entry fee and $100 guaranteed in prizes would have a $50 overlay if only 50 contestants entered.