Dream11 serves as a fantasy sports platform that allows users to earn cash prizes by assembling their own virtual teams across various sports. Participants accumulate points based on the real-life performance of the players they select, and those who achieve high scores are eligible for substantial rewards.
It is crucial to note that if your earnings from Dream11 exceed Rs 10,000, you are required to pay TDS or tax in accordance with Income Tax regulations. Additionally, registration under the Goods and Services Tax (GST) is mandatory. Failure to comply may result in the Income Tax Department issuing summons and notices, as they have the authority to investigate your earnings, which could lead to fines or even imprisonment. Therefore, understanding the regulations is essential.
Dream11 primarily focuses on fantasy cricket, where users create virtual teams for actual matches. Participants select 11 players based on their expertise and earn points based on those players’ performances. The user with the highest points wins prizes that can range from lakhs to crores. Each IPL season, numerous individuals achieve millionaire status through Dream11.
For instance, in 2024, a young man named Rohit Sharma from Bihar won Rs 1 crore with an entry fee of merely Rs 49. Similarly, Deepak Yadav from Rajasthan secured Rs 1.5 crore by making astute team selections. While Dream11 is a skill-based game, it does not guarantee earnings, and many participants may incur losses. Thus, it should be approached as a form of entertainment rather than a gambling activity.
Here are some strategies to potentially become a millionaire:
1. Enhanced cricket knowledge: It is vital to choose the right players and assess the match context effectively.
2. Strategic selection of captain and vice-captain: These roles yield double and one-and-a-half times the points, making their selection critical.
3. Analysis of match pitch reports and weather conditions: This information can help predict player performance.
4. Prudent investment: Participating in larger contests can increase winning opportunities, but it also carries risks, necessitating careful financial management.