SYDNEY, AUSTRALIA - MAY 27: Lance Franklin of the Swans celebrates a goal during the 2016 AFL Round 10 match between the Sydney Swans and the North Melbourne Kangaroos at the Sydney Cricket Ground on May 27, 2016 in Sydney, Australia. (Photo by Michael Willson/AFL Media/Getty Images)

Want a chance to win real cash prizes in daily fantasy?

In case you missed it, we first introduced you to DraftStars last week, with our piece on how the daily fantasy platform works. Click here to have a look.

Beginning this week, Draftstars is hosting The Draftstars Classic, running for four weeks with a grand final prize pool of $50,000.

The format has long been an enormous success in the US, and now we are finally jumping on board, with Australia’s first big elimination daily fantasy competition.

The competition will feature three lead up rounds, before the grand final, but players can enter at any stage of the tournament.

Entry fees range from nothing at all to $200.00, depending on what stage during the competition you enter.

Week one is free to enter into the AFL Classic qualifying, and $10 to enter straight into Round 1 of the competition. There are 3,000 entries available in qualifying and 2,000 spots available in Round 1.

The top 20 from qualifying will then advance to Round 1 and the top 325 players who bought into Round 1 will qualify for the Prelim 2. The players who placed 326-500th in Round 1 will have a second chance and qualify for Round 1 in week 2.

draftstars week two image

Week two is $10 to buy-in, or free if you were good enough to advance from the previous round. There are five entries allowed per player and 2,000 places available for the two days of matches across the weekend.

The top 325 contestants from week two advance to the preliminary finals in week three.

Week three (preliminary finals) is $50 buy-in, with participants allowed to enter twice, with 1,200 places available, but again, free if you have advanced from the previous round.

Week four is the grand final, with buy-in costing $200 for players who did not qualify from the previous round.

There are only 325 spots available for the grand final and if you’re good enough, you can pay absolutely nothing at all for the entire competition from qualifying to the grand final and win your way through to the big dance, where just 325 players compete for a prize pool of $50k.

The winner of the competition will receive a minimum prize of $10,000, second place at least $6,000 and third place a minimum of $3,500.

The Draftstars Classic will kick off on June 11.

Draftstars will also host their World Championships in August! So get practicing to master the tricks of the trade now.

All participants must be 18+ years of age, must be a resident of Australia or New Zealand and must provide identification informational, including name, mobile number, address and date of birth.

See the attached diagram for all of the details of the competitions.

To enter the competition click here.