You are presented with 5 choices each round of people who you can add to your squad. There are 23 rounds so it allows you space to make changes in your actual squad. Each time you play it costs coins, 15000, which is a decent amount but, there are two big selling points that make people want to keep playing. Number one is that you get the opportunity to play with players that you otherwise wouldn't be able to. For example Team of the Year players such as Messi, Ronaldo, or Neymar are actually fairly common. The second is the prizes. Futdraft games are in a tournament format which consists of four games. Each game you win increases the rarity and value of the prizes you'll receive when you when. Four wins will win you the tournament and get you some pretty sick packs.
People have turned futdraft into a competition to see who can build the highest rated team with 100 chemistry. People have managed to get up to 91 overall with 100 chemistry. Unfortunately for people that just want to build the team and not play with it, it costs 15000 coins to do one on the console. However there is a website that has a very similar futdraft simulation. futbin.com features an identical format to the futdraft.
I question a little bit how similar the selections are but overall it is very close to the real thing. I have been doing futdrafts on the website for quite a while now and have not been able to crack 89 overall. It's a very fun way to pass time and try to beat your record, but I get pretty frustrated when it only offers me silver players in a round. But the fact that it's a free simulation pretty much makes everything ok.
One of my best futdrafts so far