Launched in 2018, PrizePicks is an easy-to-use Daily Fantasy Sports (DFS) platform that simplifies your fantasy sports betting experience by allowing you to play against the numbers as opposed to other sports fans. It’s this simplicity that has seen the platform become an increasingly popular choice among DFS players.
And with PrizePicks growing to now have the widest breadth of sports coverage of any daily fantasy sports operator, we’ve decided to take a closer look at the platform to see what all the fuss is about. We also put together an article where you can read more about the PrizePicks signup process.
What is PrizePicks and how does it work?
As we just mentioned, PrizePicks is a fantasy props-based platform where you play against a projection as opposed to other sports fans. This projection is called a fantasy points line and your task is to predict whether your choice of 2,3,4 or 5 players will go over or remain under their points line according to PrizePick’s unique points scoring system.
It sounds simple because it genuinely is. There are no salary caps and team rosters to dictate your picks while you also don’t need to worry about the sharks you might find on other platforms. It’s just you and your chosen players vs. the projection.
Welcome bonus and promotions
First things first — new players that join the platform get a nice 100% instant deposit match up to $100. As soon as you make that first deposit, the bonus is added to your account. But remember, as with many welcome bonuses, this is only available for your first deposit.
PrizePicks also runs a nifty Refer a Friend Program where you earn rewards once a referred friend makes their first deposit. At the time of writing the program offers an instant $25 bonus deposit for every friend who signs up and makes a deposit.
PrizePicks markets itself as an easy-to-use platform and so the user interface is very simple and straightforward. Now, that’s not to say that it’s basic, it’s just that everything is very clearly laid out and the software runs exactly as it’s supposed to.
There are both iOS and Android apps available while desktop and Mac users can play on the browser-based client. In our tests, we found that all apps worked very well with no glitches whatsoever.
It may not have too many bells and whistles, but in our opinion, this is what makes the platform such a dream to use.
Games and features
Now, this is where our job is very easy as PrizePicks is incredibly straightforward.
You sign in, pick your sport from the menu along the top of the page, and then a list of athletes in that sport appears on the panel below. You then pick 2,3,4, or 5 athletes that you want to include in your entry.
Once you have chosen your athletes, you then need to decide if they will score over or under their specified fantasy points line. This is where you may need to do a little research on your chosen athlete’s recent form.
After you have settled on your pick, you must choose between Flex Play or Power Play.
Flex Play allows you to get one of your picks wrong. So if you pick 2 you must get 1 right, pick 3 and you must get 2 right, and so on.
Power Play requires you to get all your picks right, but the upside here is that payouts are higher. For example, 2 correct picks in Flex Play pays out x2 whereas 2 correct picks in Power Play pays out x3.
Here are some sample payouts:
Flex Play $10 — 2 picks
2 correct picks pays $20
1 correct pick pays $5
Power Play $10 — 2 picks
2 correct picks pays $30
And that’s all there is to it. Like we said earlier, it really is that simple.
Who can play on PrizePicks?
PrizePicks is currently available in 29 US states and Washington DC as well as everywhere in Canada.
Those 29 states are:
- New England
- New Mexico
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia
PrizePicks has stated that there will be more states added to the list in the very near future.
Withdrawals and deposits
Deposits are very easy (aren’t they always) with a choice of PayPal, Visa, Mastercard, Discover, American Express, or eCheck. Needless to say, deposits will appear in your account immediately.
Withdrawals are a little different as you can only request a withdrawal via ACH bank transfer or by cheque so there are no withdrawals straight to your credit cards. There’s also a minimum withdrawal amount of $30 which is pretty standard.
Withdrawals via bank transfer or by cheque may take up to five business days. However, winnings will be added to your PrizePicks account quite soon after the conclusion of any contests that your picks are involved in.
Customer service is carried out through PrizePick’s chat service. During our tests, the longest expected wait time was 18 minutes, but on average we got to speak to someone in about ten minutes.
The staff that answered our questions on each occasion were helpful and polite and seemed to know exactly what they were talking about which is always a good thing. While we were only asking simple questions about deposits and features, based on our interactions, we imagine that customer support would deal with more serious issues quite well.
The final word on PrizePicks
If fantasy props are your thing, then the chances are you’re probably already on PrizePicks. But if you’re new to the scene and looking for a good place to start, then this is without a doubt one of the best options.
The user-friendly interface and the simplicity of the platform’s features mean that there’s virtually no learning curve whatsoever and you can get started on your picks within minutes of signing up. Add to that the fact that you’re playing only against PrizePick’s projection and you have a platform that will appeal to anyone with even just a passing interest in daily fantasy sports.