fantasy sport gambling

[mstng86]

Since its the beginning of the NFL season, I noticed all of the commercials for fantasy football and thought it sure seems like there are a lot more commercials about it. Then I realized its because its big money now with these websites. Draft kings seems to be the biggest one. I started wondering how they were not being investigated or if they were governed like all other gambling. How is it different than gambling in online poker?

Well, it sounds like the good ol' Gubament is going to find out.

http://www.forbes.com/sites/darrenheitner/2015/09/15/congress-wisely-puts-legal-status-of-fantasy-sports-under-review/

[slow99]

It's been deemed as "skill-based". I heard something about it also being tied to the fact that players outcomes are mutually exclusive (what I do doesn't impact your outcome) but don't know how accurate that is.

By the way those sites are HIGHLY unprofitable right now.

Draftkings paid out $20 million this weekend which implies they took in $2 million (not considering free plays)... they spent $20 million THIS WEEKEND in advertising.

[Unicorn Jeff]

Oh I knew this shit was going to happen eventually. They better start lining the congresses pockets with money and better start transferring there funds over seas LOL.

[Cobraman]

I love me some fan duel.

[Silverback]

consider 90~% of the payouts go to 11~% of the player base

[bcoop]

From what I've heard, all the poker players moved in to this when they took down the online gambling sites. Meaning, they're running calculation programs, etc. If you look at the payouts, it's mostly the same group of people winning.


I've held off trying it out. I was going to do it this season, but with the info mentioned above, I'm likely out.

[mstng86]

consider 90~% of the payouts go to 11~% of the player base

Can we get some detail on that?

[Cobraman]

consider 90~% of the payouts go to 11~% of the player base

Depends on the room for fanduel. You pick a room with whatever payout you like. I like doing the double your money ones. Finish in top half and double up.

Edit. I guess you meant total not in each room

[ELVIS]

consider 90~% of the payouts go to 11~% of the player base

Can we get some detail on that?

yeah, I read that too. I cant remember where or I would post a link.


god bless.

[slow99]

This one from last week:

http://www.bloomberg.com/news/articles/2015-09-10/you-aren-t-good-enough-to-win-money-playing-daily-fantasy-football?cmpid=twtr1

[mstng86]

Holy shnikes

"the top 100 ranked players enter 330 winning lineups per day, and the top 10 players combine to win an average of 873 times daily. The remaining field of approximately 20,000 players tracked by Rotogrinders wins just 13 times per day, on average."

[Broncojohnny]

Holy shnikes

"the top 100 ranked players enter 330 winning lineups per day, and the top 10 players combine to win an average of 873 times daily. The remaining field of approximately 20,000 players tracked by Rotogrinders wins just 13 times per day, on average."

The top players are computer programs. The advertising is meant to bring in the average guy to get fleeced.

[mstng86]

The top players are computer programs. The advertising is meant to bring in the average guy to get fleeced.

How is this thing even taking off? I can't believe people are falling for this.

I guess people think they are smarter than what they are.

[bcoop]

The top players are computer programs. The advertising is meant to bring in the average guy to get fleeced.

Exactly.

How is this thing even taking off? I can't believe people are falling for this.

Because marketing works, and they're doing a shit ton of it.

[mstng86]

Exactly.



Because marketing works, and they're doing a shit ton of it.

That's for damn sure. I bet I have seen 100 commercials for it in the last 2-3 weeks.