Fantasy sports team league

1. A method of administering a fantasy sports team league, the method comprising:

(a) establishing a player salary cap;

(b) conducting a draft by enabling players to select teams or team characteristics from a list of game matchups, each team or team characteristic being assigned a cost and a point value based on each team's chance of winning, wherein the players are required to keep a total cost of the selected teams below the player salary cap; and

(c) after the game matchups have been played, awarding the point value to the players for each winning team or team characteristic selected by each of the players,

wherein in step (b), the cost and point value for each team or characteristic is dependent on the team's or characteristic's chance of winning, and wherein each team's or characteristic's chance of winning is determined by using publicly available betting data at a specific time before the draft, removing a vigorish added in the publicly available betting data to arrive at a result, and converting the result to a percentage.

2. A method according to claim 1 , wherein step (a) is practiced based on a number of team or team characteristic offerings and the cost of each team or team characteristic.

3. A method according to claim 1 , wherein the team characteristics comprise at least one of a team's offense and a team's defense.

4. A method according to claim 1 , wherein steps (a)-(c) are practiced weekly over an entire season, the method further comprising determining the fantasy sports team league winner based on points accumulated over the entire season.

5. A method according to claim 1 , wherein the publicly available betting data comprises futures bets, wherein the team characteristics comprise a number of wins over an entire season, and wherein the cost and point value for each team is determined according to a number of games each team is projected to win.

6. A computer system for administering a fantasy sports team league, the computer system comprising:

at least one user computer running a computer program that requests and processes information according to registration information input by a player; and

a system server running a server program, the at least one user computer and the system server being interconnected by a computer network, the system server administering the fantasy sports team league by (a) establishing a player salary cap, (b) in conjunction with the at least one user computer, conducting a draft by enabling players to select teams or team characteristics from a list of game matchups, each team or team characteristic being assigned a cost and a point value based on each team's chance of winning, wherein the players are required to keep a total cost of the selected teams below the player salary cap, and (c) after the game matchups have been played, the system server awarding the point value to the players for each winning team or team characteristic selected by each of the players, wherein each team's or team characteristic's chance of winning is determined by converting publicly available betting data into a percentage, and wherein the cost of each team or team characteristic is higher with a higher chance of winning.

7. A computer program embodied on a non-transitory computer-readable medium for administering a fantasy sports team league, the computer program being executed by a computer processor to perform the steps of:

(a) establishing a player salary cap;

(b) conducting a draft by enabling players to select teams or team characteristics from a list of game matchups, each team or team characteristic being assigned a cost and a point value based on each team's chance of winning, wherein the players are required to keep a total cost of the selected teams below the player salary cap; and

(c) after the game matchups have been played, awarding the point value to the players for each winning team or team characteristic selected by each of the players

wherein in step (b), the cost and point value for each team is dependent on the team's chance of winning; and wherein each team's or team characteristic's chance of winning is determined by using publicly available betting data at a specific time before the draft, removing a vigorish added in the betting data to arrive at a result, and converting the result to a percentage.

8. A method according to claim 1 , wherein the publicly available betting data with respect to each team's chance of winning comprises moneyline odds.

9. A method according to claim 1 , wherein the publicly available betting data with respect to each team characteristic's chance of winning comprises proposition bet data.

10. A computer system according to claim 6 , wherein the publicly available betting data with respect to each team's chance of winning comprises moneyline odds.

11. A computer system according to claim 6 , wherein the publicly available betting data with respect to each team's chance of winning comprises futures bet data.

12. A computer system according to claim 6 , wherein the publicly available betting data with respect to each team characteristic's chance of winning comprises proposition bet data.

13. A computer program according to claim 7 , wherein the publicly available betting data with respect to each team's chance of winning comprises moneyline odds.

14. A computer program according to claim 7 , wherein the publicly available betting data with respect to each team's chance of winning comprises futures bet data.

15. A computer program according to claim 7 , wherein the publicly available betting data with respect to each team characteristic's chance of winning comprises proposition bet data.