PrizePicks should be a familiar name if you’re into Daily Fantasy Sports (DFS). Even if it doesn't boast the reputation of platforms like FanDuel or DraftKings, it still has over a million users and has made huge strides in terms of popularity.
Before PrizePicks takes over the whole country, we decided to look into the platform and see what it’s all about. We’ll answer questions like how betting on a DFS platform like PrizePicks works, what payouts you can expect, and whether it’s the right platform for you.
The Whop Research Process
Before we move on to our detailed review, let’s take a second to discuss how we research every betting platform. The Whop team includes several experts with years of experience in different sectors of the betting industry.
For each review, our team spends several days checking out all aspects of every platform to ensure it’s up to standard. Through their expertise, our reviewers are able to notice any standout app features and even some shortcomings, so you don’t have to deal with them yourself.
Our PrizePicks review will go deeper than others to ensure you get a full picture of how it operates from experienced users who’ve used dozens of similar platforms.
How PrizePicks Started
PrizePicks’ story begins in 2014, although it would be several years before the actual platform was released. The platform’s founder, Adam Wexler, wanted to tackle DFS from a different perspective than the norm back then.
His idea was to add side quests to the standard fantasy football challenges. So, in addition to building their weekly fantasy sports teams, users could also compete against each other on their individual player stats.
However, this concept was challenged legally in many states since it was considered a form of online gambling. Therefore, Wexler and his team abandoned the idea and came up with a similar concept that included betting on player props against the platform itself. That’s how PrizePicks was born and launched in 2018.
What PrizePicks Covers
PrizePicks offers a decent selection of sports, and you’ll almost certainly find what you want. You’ll obviously have access to props from all major American leagues, including the NFL, MLB, NBA, and NHL. There are also player bets for college football and basketball, as well as access to the CFL and CBB.
But it doesn’t stop there – PrizePicks also provides plays on the WNBA, European basketball events, soccer, tennis, golf, cricket, NASCAR, boxing, and MMA. Recently, PrizePicks launched The Esports Lab, a sub-platform dedicated to Esports DFS betting.
This platform provides markets for all the titles you want, including League Of Legends, Counter-Strike 2, APEX Legends, and DOTA 2, as well as several news and guides to help you make the right plays.
As for betting markets, you’ll only find player props on PrizePicks since this is what the platform is all about. There are prop bets for all kinds of statistics, as well as special markets for halftime or first-quarter stats in sports, like the NBA.
In addition to all these, PrizePicks has recently introduced the “SZN Picks”, which are special futures props. These usually revolve around major league players and whether they’ll go over or under a certain number of home runs, touchdowns, or points average.
The Two Different Types of Plays
As we mentioned above, PrizePicks isn’t your typical DFS platform in that you don’t really build a team of fantasy players and compete against other users. You’re essentially creating slips that include 2-6 player props and are wagering whether these guys will have higher or lower stats than the line PrizePicks has set.
This is where the platform’s different types of plays come in to offer variety in your payouts. When you build your slip, you can choose between the Power Plays and the Flex Plays, and whatever you pick will significantly affect your payouts. Here's how they both work:
Power Plays
The Power Plays are just like your standard parlays on all sports betting apps. You need all your props to hit if you want to receive the total payout, and even if one of them misses, the whole play collapses.
Keep in mind Power Plays are only available in slips with 2, 3, or 4 props, and you can’t go higher than that. If you hit your Power Play, you’ll earn 3x, 5x, and 10x the amount of money you’re wagering, respectively. This is equal to playing a parlay with +200, +400, or +900 odds.
Notice that in a 2-man slip, the implied odds for each leg come out to around -137, while it jumps to around -140 for a 3-man slip. And when you get to the fourth leg, you’re dropping down to around -128 implied. So, as you can see, each Power Play category has way different numbers you should be looking at if you want to find the best value.
Flex Plays
Flex Plays basically work the same as Power Plays if you manage to hit all your props but give small payouts if one or two legs miss. Obviously, you can expect much lower amounts compared to what you’d get if your entire slip is green, but it still helps recoup some losses.
With Flex Plays, you can go all the way from 3-leg slips to 6-leg ones. The payouts you can expect from each slip are listed below:
- 2/3 – 1.25x your wager
- 3/3 – 2.25x your wager
- 3/4 – 1.5x your wager
- 4/4 – 5x your wager
- 3/5 – 0.4x your wager
- 4/5 – 2x your wager
- 5/5 – 10x your wager
- 4/6 – 0.4x your wager
- 5/6 – 2x your wager
- 6/6 – 25x your wager
As you can see, your payouts drop drastically, even when you lose a single pick in your Flex Play. However, you still get something in return for getting close to your prediction, which helps with your long-term bankroll management.
Online Website vs PrizePicks App: Where Should You Play?
PrizePicks offers an excellent website and a dedicated app. The website was built to be purposeful, with a minimalistic design and a muted dark color scheme to help users navigate. If you want a bigger screen with more information, you can easily browse it from your laptop or computer.
On the top of the website, you’ll find all the sports with available markets on that particular day. Once you click on one, you’ll find the different prop categories right below it, and then you will see a list of the most popular players with their prop lines. You can choose however many you want and add them to your slip, which is available on the right side of the page.
There’s also the mobile app for both Android and iOS users, ideal if you want to play or check out how your slips are doing while on the move. The app features a scaled-down version of the website design, with everything neatly organized for you to find.
What’s great about the PrizePicks app is its responsiveness and smoothness while browsing. Even without the best internet connection, you’re able to look through the app and create your slips comfortably.
Creating Your PrizePicks Account
PrizePicks has a very simple registration process that only includes a few steps. Keep in mind that while you can sign up to PrizePicks from anywhere in the US, you’ll still need to be physically present in one of the eligible states if you want to play. Follow the steps below to create your PrizePicks account today.
- Head to the PrizePicks website or download the app, and click the “Sign Up” button to begin the process.
- Fill in your email address and any promo code you have available (we’ll talk more about those later).
- Complete some basic information about yourself, including your full name, date of birth, and address.
- Choose a safe password that you can easily remember when logging in.
- That’s it! Now, you just need to complete any verification that PrizePicks requires, and you’ll be ready to play.
Remember that, whenever you visit the PrizePicks website or launch the mobile app, the platform will check your location to ensure you’re in one of the eligible states. So, you’ll always needs to keep your location services on to avoid any login issues.
PrizePicks Promos and Offers
PrizePicks has its fair share of bonuses and promotions, both for new and existing players. You won’t find a huge variety of them as you would in traditional sports betting apps, but you can utilize a few interesting promos.
All new players get a 100% bonus on their first deposit up to $100. To get this offer, you’ll need to fill in a specific bonus code when you create your account or tick the “Don’t have a code?” button so the app automatically puts one for you. Then, you’ll be able to enjoy double your deposit money, which can be a great way to boost your bankroll.
PrizePicks also has two amazing promos it runs during specific days of the week for all its members. The first one is Taco Tuesday, which gives a special Taco discount on certain popular player props, between 15% and 25%. This way, you’re able to shop for props that hit much more often than they should and provide tons of value.
The other promo is called Flex Friday, and it allows you to receive your losses from Flex Plays back as promo funds to keep playing. You can receive up to a certain amount of promo funds, which varies per player, and only if you place an eligible Flex Play.
Keep in mind that if you get a partial credit payout from your Flex Play, you’ll still receive the remaining losses in promo funds. For example, if you’ve placed $10 on a 5-pick Flex Play and scored a 3/5, you’ll get $4 in regular credits and the remaining $6 as promo funds.
Contacting PrizePicks Customer Support
Customer care is one of the most important features of all betting platforms, and PrizePicks doesn’t disappoint in that aspect. If you’re dealing with any trivial issues or just want to check out some basic information, you can look through the PrizePicks Help Center. The page is well organized, and it’s easy to find anything you’re looking for.
If you’re struggling with something more complex, you can contact the PrizePicks Customer Support directly. You can get in touch via email, or through the 24/7 live chat options through the green bubble icon at the bottom right corner.
You’ll start chatting with an automated bot at first, but you can request a representative, and they’ll get back to you as soon as one’s available. Every member of the support team is very friendly, knowledgeable, and eager to help you solve even the simplest of matters.
Find Top PrizePicks Communities on Whop
We hope our PrizePicks review helped you learn more about the platform and see if it is right for you. If you want some expert plays to start your betting journey today, you can rely on Whop.
Whop is the go-to place for online sports picks communities. The Whop marketplace is home to several renowned handicappers and their groups, including Mazi Picks, Sean Perry Wins, and Codycoverspreads. We even have a whole range of PrizePicks communities.
These professionals have built online groups where they provide their expert picks and help members improve their game.
Some of these communities, like Zeto Picks, for example, even specialize in prop plays through PrizePicks and other platforms. They’ve crunched all the numbers and have found successful betting strategies for DFS platforms, and you can access their plays through Whop today.
