In standard Public League live drafts, teams take turns drafting players in a back-and-forth snake format (e.g. 1-12, 12-1, 1-12, 12-1, etc.).

Custom League commissioners can choose draft in a snake format, or they can choose to do a circular order (e.g. 1-12, 1-12, 1-12, etc.).

In both Public and Custom League auction drafts, teams are given a budget for acquiring players. They can exhaust this budget in any way they choose. Teams can bid on and draft any player within their remaining budget. The two highest-ranked players could be drafted by the same team -- something that would almost never occur in a standard draft.

Before the draft, teams may customize players’ default auction values using the Edit Pre-Draft Player Values page.  Here are the default values for each sport:

• For Fantasy Baseball, the default player values are based on a 12-team, 23-man roster league with a $260 default budget.
• For Fantasy Basketball, the default player values are based on a 12-team, 13-man roster league with a $200 default budget.
• For Fantasy Hockey, the default player values are based on a 12-team, 16-man roster league with a $200 default budget.
• For Fantasy Football, the default player values are based on a 10-team, 15-man roster league with a $200 default budget.

During the draft, teams take turns nominating in a circular order (e.g. 1-12, 1-12, 1-12, etc.). A player auction begins once a nominating team places an opening bid on a selected player. Team managers may bid whatever amount they feel a particular player is worth. When a single high bid remains, the player is awarded to the winning team and the bid amount is deducted from the team manager’s funds. This process repeats until every team's roster is completely filled.

 Please note the following:

• You may bid from $1 up to your remaining budget on a player, minus the number of open roster positions you have to fill for your team. Example: You have $150 remaining in your budget and 12 roster spots to fill. You can bid up to $139 on the next player on the auction block ($150 - $11, which allows you to enter $1 bids to fill your final 11 spots).
• If you have money left over after an Auction Draft, it will not be added to your FAAB (Free Agent Acquisition Budget). There is NO advantage to holding on to money after the draft.

Even though this video highlights Fantasy Football, it still applies to Fantasy Baseball, Fantasy Basketball, and Fantasy Hockey.