Could someone school me on starting a fantasy league where u play for $?

[chico cummings]

I want to start a league and all the people I asked wants to play for money. How much is usually the norm and do u win money weekly or just at the end?

 

[nonstoptalk]

I usually participate in 5-6 money leagues for each of the three major fantasy sports (football, baseball, basketball) Entry fee is typically $50-$100 for a 12-14 team league.  And the following is what the payouts look like in most of the leagues....

Top regular season record gets 30% of pot 
1st place playoff finish gets 30% of pot 
2nd place regular season finish gets 15% of pot 
2nd place playoffs gets15% of pot 
3rd place playoffs gets10% of pot
So if you have 12 teams at $50 a piece your looking at a $600 pot and the max payout would be $400 if you won regular season and playoff titles.  I can see tightening up the payouts in a football league but in sports that require a lot of activity and have really long seasons like basketball and baseball its nice to pay out for both regular season and playoffs. I've also played in a few leagues where the the entry is larger but if your playing with a bunch of friends I feel like it's better to keep it under a bill because problems can arise when more money is at stake.  Also when money is involved its very important to have a very moral commissioner to ensure the integrity of the league as far trades and other acquisitions go. Also someone who is trustworthy enough to keep the money safe.

 

[dland24]

It all depends on how you want to run it, and how much you want to spend. Im in a rotisserie league where the buy in is $150, adds are $10, and having the lowest score every week costs $10. We take out $100 to pay for the website, give out $25 for having the highest score every week. Then we pay out 50% of the remaining pot to the winner, 25% to second place, 15% to third, 5% to fourth and 5% to the commissioner for running the league.

I wont the league last year and won $1650 after all my fees were paid.

Im also in another league that is $50 to join, free adds. First place takes home $450, second $100 and third gets their buy in back.

 

[chico cummings]

Thanks for the helpful info guys. I'm not trying to make it too complicated because everyone who's participating are new comers to this.

Im also in another league that is $50 to join, free adds. First place takes home $450, second $100 and third gets their buy in back.
I'm definitely feeling this setup. The only thing I would change is I would give 1st place $400 and give the extra $50 to whoever finishes with the top record...