Fantasy Sports Boom
Ronbets
Senior Member
I'm not involved because I need some questions answered. After that, I might consider it. Here are a few questions for those in-the-know.
#1 Transparency. How do I know it's 'on the up'? If lottery ping pong balls can be rigged what's stopping this enterprise. Computer ppl on the inside were even gaffing Pick4's and 6's.
#2 Take out. IOW the rake. What % of my dollar is being paid back?
#3 Who are the watchdogs in this industry?
#1 Transparency. How do I know it's 'on the up'? If lottery ping pong balls can be rigged what's stopping this enterprise. Computer ppl on the inside were even gaffing Pick4's and 6's.
#2 Take out. IOW the rake. What % of my dollar is being paid back?
#3 Who are the watchdogs in this industry?
Comments
http://calvinayre.com/2015/09/04/business/tiny-sliver-daily-fantasy-sports-players-earn-bulk-profits/
This is a legal racket that chops 20% everyday all week 24/7. and pays affiliates a % of the chop. My brother plays it and does okay. just like you said with the other rackets like Lottery's this one is no different. Any network admin working there can always collude with certain players and change their lineups midway through the game in Gpps.
Draft kings headquarters in Boston real close to the Boston Garden. Friend of mine all ready spotted 2 of them in a bar getting wasted after work
Funniest thing is they state it's not gambling, but then WTF is it?? Guess what it reads on a credit card statement? "Leisure Activities" LOL are they fucking kidding me. It's a racket Ron, and people are moving in fast to grab whatever they can.
From what I've seen, it's more like 10%. And that can be drastically reduced with things like bonuses and overlays.
Rake percentages on each contest at all the major sites (and a few of the mid-tiers) can be found in real time at superlobby.com They vary from site to site and contest to contest, but 10-15% is the norm with a larger cut taken from the larger tournaments. 10 percent is the standard on head-to-head contests (each player bets $1 = $2 pool with a $1.80 payout and the operator taking .20, or 10 percent of total).
As for watchdogs, it's unregulated, so there's not a ton of accountability. The best thing players can do is play on FSTA sites -- those at least agree to adhere to certain guidelines, such as the segregation of player funds from operating funds. We did a story on that a little while back (when FantasyUp and Ballr were having trouble paying players) and listed all the operators who were FSTA members.
As noted, FSTA membership doesn't guarantee ethical behavior, but few problems have been reported for these sites.
Subjectively speaking, most of these guys appear to be doing business the right way. Some, clearly, do not. Given the lack of oversight, the onus is on the players to be smart about where they put their money. Anecdotally, I've played for a little over three years on the big sites (FanDuel and DraftKings) and to a lesser degree on a number of the smaller ones, and have never experienced a problem accessing my money.
The vig on Draftkings 50/50's and h2h varies based on the entry amount. The low level games $1 games are obviously the worst (-125 on $1 games i think) There is a $1,000 double up wiwth 11 entries, pays 5 equivalent of -110 and head to heads at that level are equvilent of -106
1) there is none
2) it sucks
3) there are none
imo dk and fd will both go bankrupt
They wont go bankrupt that quick chopping 10%, but who knows what their invested in. Hopefully it's not the bubblicious US Markets
Here is one from DK coming this Sunday
Entries: 155245/572.5K Entry: $20 Prizes: $10,000,000
PRIZE PAYOUTS
1st $2,000,000.00
2nd $1,000,000.00
3rd $500,000.00
4th $250,000.00
5th $150,000.00
6th $100,000.00
7th - 8th $75,000.00
9th - 10th $50,000.00
11th - 12th $40,000.00
13th - 14th $30,000.00
15th - 16th $25,000.00
17th - 18th $20,000.00
19th - 20th $15,000.00
21st - 25th $10,000.00
26th - 30th $7,500.00
31st - 40th $6,000.00
41st - 50th $5,000.00
51st - 75th $4,000.00
76th - 100th $3,000.00
101st - 150th $2,500.00
151st - 200th $2,000.00
201st - 300th $1,500.00
301st - 400th $1,000.00
401st - 600th $750.00
601st - 800th $500.00
801st - 1000th $400.00
1001st - 1250th $300.00
1251st - 1500th $250.00
1501st - 1750th $200.00
1751st - 2000th $150.00
2001st - 4000th $100.00
4001st - 6000th $75.00
6001st - 8000th $60.00
8001st - 15000th $50.00
15001st - 25000th $40.00
25001st - 45000th $35.00
45001st - 75000th $30.00
75001st - 125700th $25.00
care to elaborate?
Befriended Jimmy Nelson on Twitter for weeks or maybe months. Then when Jimmy pitched against Cleveland this guy aggravated the shit out of him on twitter that day with all sorts of crap. Twitter later deleted the tweets and Jimmy blocked the guy. Guy stacks the Indians against him that night in 2 GPP's and wins 180k . :clap:
Read the article in post nr2 and google how much they're spending on advertisement.
That and plus don't forget the Lobbyists who made this legal and have the credit card companies label it as "Leisure Activities" LOL
The Lobbyists get a kick back from these major sites for as long as they remain in business. Some one Please Call "Sammy the Bull" to straighten these bastards out..
Wraps, STB will never see daylight again. They put him in the WPP for fed rats and while living a new life in the southwest he decides he wants to enter the drug business. Busted again. I guess crime/greed is inherent to some.
don't see there being enough long term fish to justify the amount they are spending
What happens during football season will be a huge determining factor for the future of the industry. Last season, growth was astronomical. FD pulled in 63 percent of its revenue in the last quarter of 2014. Obviously with the amounts they're spending (especially DK -- now the No. 1 advertiser in America), the big sites are betting it will happen again.
It's obviously too early to tell, but some took the massive overlays in CFB Week 1 as a bad omen.
If both get through football season with reasonable growth, they should be in good shape. Both have brought in over $400 million in private capital, and though they're burning through it, they're not in danger of sinking quickly. What happens next is what will be interesting to watch -- and might be out of their hands entirely.
Both seem headed toward an IPO, but volatility in the markets (if it persists) could cool reception and force them to opt for another round of private fundraising. That hasn't been a problem thus far; FD brought in $275 and DK $300M in August -- but at some point the question becomes, how much equity is left to sell?
Should be fascinating to watch.
Yeah, he caught a lucky break and fucked it up.
the leagues need them to exist to maintain consumer/fan interest in (especially the meaningless) games.
= advertising dollars.
That's gonna play a big role in any ensuing legal issues. The leagues have a vested interest in the success of these companies (literally: FD is partnered with the NBA, DK with MLB, and most franchises in the big four North American leagues have deals with one of the two). That's bought the DFS industry a significant amount of lobbying sway.
I can't wait for this to happen I will be going short to no end and if Nouriel Roubini says "Belly up it's a certainty" like he did with Lehman Bros I will then be selling naked calls in the options market.
The fans will spend all their money playing DFS they won't even be able to afford to buy tickets to go see a game. There are so many NBA venues that are more than half empty all the time and that's not counting how they all raise their ticket prices each year to make matters worse for the consumer. The Inflation monster is also a bitch to deal with and if not hedged properly a ZERO they should become.
Atlanta QB so says my brother a dfs player. BTW, he also says never play more than 2 players from the same team in a GPP or cash game.
<blockquote class="twitter-tweet" lang="en"><p lang="en" dir="ltr">MORE: DraftKings CEO says would consider FanDuel merger; FanDuel CEO says not interested, co. to decide on fundraising course in Jan - RTRS</p>— CNBC Now (@CNBCnow) <a href="
Stinks of Goldman....
I hope so Coops, so I can short with both hands after 30 days that's if Goldman don't do damage before that.