Originally posted by: thebaseballcardkid mlbfan. Are those numbers (8.1 mill to 7.0 mill) correct? If so, that and potential insiders playing just about makes it impossible in the long run.
For that contest, $8.1 mil is the most they could take in, and $7.0 mil is the least they would pay out. The numbers apparently will vary with the number of entries that they get.
At the website below, it says that the Draftkings rake starts at 10% and lowers as far as 5.66% as the number of entries increase.
That kind of rake should be illegal. Because Im thinking if thats the rate that they're publicizing, then there are times it well into the teens (at minimum).
Btw...another state is looking to make it illegal within their borders. Thats at least 2 more states within 2 weeks.
Interested in higher grade vintage cards. Aren't we all.
Originally posted by: seebelow That kind of rake should be illegal.
Rake/vig in horse/dog racing is at least 18%, and quite a few casino games have a similar rake (craps is around 5% just on the Line bets and much higher on the service/multi-roll bets). As mentioned previously, state/multi-state lotteries are more like 50%.
Basically, poker & fantasy football are much the same. There is skilled involved but luck is a large factor. In daily fantasy football, the luck factor is much larger. Just as a Super Turbo poker tournament is compared to a regular blind poker tournament. What makes yearly fantasy football skillful are all the factors you must consider thru out the course of a year. When you draft, you must consider injury likeliness, strength of schedule, yearly value, playoff schedule, surrounding players etc....Than there are weekly decisions. All these factors & more are why the skillful owner will consistently do well. But in DFF, less factors are considered. The less skillful or knowledgeable decisions, the more the luck factor comes in. So fantasy football has been declared a game of luck, but that is according to the rules of yearly FF, not to DFF. I just hope these DFF sites have not ruined it for the other thousands of people who enjoy regular FF.
Originally posted by: CocoaBeachDodgers Basically, poker & fantasy football are much the same. There is skilled involved but luck is a large factor. In daily fantasy football, the luck factor is much larger. Just as a Super Turbo poker tournament is compared to a regular blind poker tournament. What makes yearly fantasy football skillful are all the factors you must consider thru out the course of a year. When you draft, you must consider injury likeliness, strength of schedule, yearly value, playoff schedule, surrounding players etc....Than there are weekly decisions. All these factors & more are why the skillful owner will consistently do well. But in DFF, less factors are considered. The less skillful or knowledgeable decisions, the more the luck factor comes in. So fantasy football has been declared a game of luck, but that is according to the rules of yearly FF, not to DFF. I just hope these DFF sites have not ruined it for the other thousands of people who enjoy regular FF.
The rake on average might be 7% but that doesn't mean it isn't 0% for some and 90% for others . It's obviously not pure luck like a pick a number lottery , there are ways to play that would guarantee you lose every time . The moronical nature of the commercials seem to be aimed at people that consider scratch tickets to be a retirement strategy that can't be an accident.
As soon as that story broke common sense should have caused people to stop playing at least until the dust settles and we get a better idea of how deep the rot goes.
Latest headlines are about NFL teams cutting ties to these companies. If they were confident that it was legit I don't think they would turn their backs on anything that might bring money their way.
There was also a report that the senate or someone is requesting a list of NFL employees that play on these sites. Wouldn't it be interesting if players and coaches were playing in these leagues and game irregularities started turning up? Like players being played over others because they were on someones fantasy team? Lousy corner backs covering the other teams star wide receivers ? Benching players or activating others. This is brilliant thinking of these money grubbing d-bags in the NFL to get involved with. A nice black sox type scandal would be a media feeding frenzy in the age of the internet , twitter etc. Inside info about line ups being sold by team underlings .
Rumor has it also that there is more money in fantasy football than actual football. That would be a real eye opener too if true.
There was also a report that the senate or someone is requesting a list of NFL employees that play on these sites. Wouldn't it be interesting if players and coaches were playing in these leagues and game irregularities started turning up? Like players being played over others because they were on someones fantasy team? Lousy corner backs covering the other teams star wide receivers ? Benching players or activating others. This is brilliant thinking of these money grubbing d-bags in the NFL to get involved with. A nice black sox type scandal would be a media feeding frenzy in the age of the internet , twitter etc. Inside info about line ups being sold by team underlings .
Rumor has it also that there is more money in fantasy football than actual football. That would be a real eye opener too if true.
You obviously do not play fantasy sports and definitely not daily fantasy so why the hell do you seem to care so much or try to act like an expert? Making up a bunch of BS and throwing in conspiracy theories just makes you look dumb, well at least dumber than the stuff you normally post here.
EDIT TO ADD: NFL players are allowed to play fantasy sports as long as they do not profit more than $250. A large number of NFL players participate in fantasy leagues but I'm fairly certain they all make more than enough money not to risk their careers over a few hundred or even a few thousand dollars.
Anybody see Last Week Tonight w/John Oliver last night? This was the meat of the show after all the single item jokes/commentary.
Apparently combined they run an ad every 90 seconds each and every day.
Seems all of the major leagues and sports media companies are partial investors.
1% of the players win something like 90+% of all winnings.
This is going the way of online poker, but with the leagues and other as major investors....who knows. Probably make it 'gambling' so the states can get their cut like casinos/lotteries.
Originally posted by: DrBuster1% of the players win something like 90+% of all winnings.
That's quite misleading. The percentage of money that that 1% puts in is probably closer to 90% than 1%.
That was from John Oliver, just pulled out a couple of the quotes from the segment.
But, I'd seriously doubt if 1% is dumping all the money into it, seriously would doubt that. Logistically that would be highly unlikely.
I didn't say all - just closer to 90% than 1%. So, somewhere between 46% and 90%. There's just way too much luck involved to put in 10% of the money and win 90% of it.
They also said 85% of daily fantasy players are losers , of money presumably. Looks like just another form of blatant rent extraction to me . I wonder if the so called founders of the company are a subsidiary of Goldman Sachs.if it stays legal maybe 5 years from now both companies will be deemed too big to fail and the taxpayers will have to bail them out .
There was an online gambling law , some clever bankster dbags found a loop hole and exploited it , and like the wood ticks they are they will suck as much blood as they can out of it and then move on to something else if it gets shut down.
What a racket, lol...I can't believe MLB won't consider reinstating Pete Rose yet they will gladly hype Draft Kings and Fan Duel during postseason baseball broadcasts. What hypocrites.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
Originally posted by: grote15 What a racket, lol...I can't believe MLB won't consider reinstating Pete Rose yet they will gladly hype Draft Kings and Fan Duel during postseason baseball broadcasts. What hypocrites.
Originally posted by: grote15 What a racket, lol...I can't believe MLB won't consider reinstating Pete Rose yet they will gladly hype Draft Kings and Fan Duel during postseason baseball broadcasts. What hypocrites.
Pete just needs to grease their palms and its a done deal. On a related note , Pete would be a good spokesman for the daily fantasy companies
There was an online gambling law , some clever bankster dbags found a loop hole and exploited it
That "online gambling law" was enacted in 1997 and the "clever bankster dbags" you referred to that ruled on that law was the US Supreme Court. I will keep debunking your stupid comments and theories while you continue to ignore me.
What a racket, lol...I can't believe MLB won't consider reinstating Pete Rose yet they will gladly hype Draft Kings and Fan Duel during postseason baseball broadcasts. What hypocrites.
+1
Interested in higher grade vintage cards. Aren't we all.
Another important point of the very entertaining piece on HBO's John Oliver show is that the 1% of folks that are winning 90 plus percent of the pay-outs are doing so with sophisticated mathematical/analytical models that are crunching big data for the purposes of giving them any slight edge.
Think about the time, energy and smarts put into the "skill" advantage folks are using (many as a full-time job) as you put down your model and spend an hour or so researching your picks.
Originally posted by: estang Another important point of the very entertaining piece on HBO's John Oliver show is that the 1% of folks that are winning 90 plus percent of the pay-outs are doing so with sophisticated mathematical/analytical models that are crunching big data for the purposes of giving them any slight edge.
Think about the time, energy and smarts put into the "skill" advantage folks are using (many as a full-time job) as you put down your model and spend an hour or so researching your picks.
My last comment on this (well maybe), those numbers are nothing more than pure guesses. Not that it's anyone's business here, but my net profit on football alone this season exceeds the average head of household income of your average American. That does not include the little bit I have made on MLB, NBA, PGA and Nascar.
Comments
Average Joes buy lottery tickets too. Isn't the average rake on lottery like 50% ?
mlbfan. Are those numbers (8.1 mill to 7.0 mill) correct? If so, that and potential insiders playing just about makes it impossible in the long run.
For that contest, $8.1 mil is the most they could take in, and $7.0 mil is the least they would pay out. The numbers apparently will vary with the number of entries that they get.
At the website below, it says that the Draftkings rake starts at 10% and lowers as far as 5.66% as the number of entries increase.
http://www.realmoneyfantasyleagues.com/reviews/fanduel-vs-draftkings.php
I also read that Draftkings' average rake last week was 7.26%.
Btw...another state is looking to make it illegal within their borders. Thats at least 2 more states within 2 weeks.
That kind of rake should be illegal.
Rake/vig in horse/dog racing is at least 18%, and quite a few casino games have a similar rake (craps is around 5% just on the Line bets and much higher on the service/multi-roll bets). As mentioned previously, state/multi-state lotteries are more like 50%.
What makes yearly fantasy football skillful are all the factors you must consider thru out the course of a year. When you draft, you must consider injury likeliness, strength of schedule, yearly value, playoff schedule, surrounding players etc....Than there are weekly decisions.
All these factors & more are why the skillful owner will consistently do well. But in DFF, less factors are considered. The less skillful or knowledgeable decisions, the more the luck factor comes in.
So fantasy football has been declared a game of luck, but that is according to the rules of yearly FF, not to DFF. I just hope these DFF sites have not ruined it for the other thousands of people who enjoy regular FF.
Basically, poker & fantasy football are much the same. There is skilled involved but luck is a large factor. In daily fantasy football, the luck factor is much larger. Just as a Super Turbo poker tournament is compared to a regular blind poker tournament.
What makes yearly fantasy football skillful are all the factors you must consider thru out the course of a year. When you draft, you must consider injury likeliness, strength of schedule, yearly value, playoff schedule, surrounding players etc....Than there are weekly decisions.
All these factors & more are why the skillful owner will consistently do well. But in DFF, less factors are considered. The less skillful or knowledgeable decisions, the more the luck factor comes in.
So fantasy football has been declared a game of luck, but that is according to the rules of yearly FF, not to DFF. I just hope these DFF sites have not ruined it for the other thousands of people who enjoy regular FF.
The rake on average might be 7% but that doesn't mean it isn't 0% for some and 90% for others . It's obviously not pure luck like a pick a number lottery , there are ways to play that would guarantee you lose every time . The moronical nature of the commercials seem to be aimed at people that consider scratch tickets to be a retirement strategy that can't be an accident.
As soon as that story broke common sense should have caused people to stop playing at least until the dust settles and we get a better idea of how deep the rot goes.
Latest headlines are about NFL teams cutting ties to these companies. If they were confident that it was legit I don't think they would turn their backs on anything that might bring money their way.
https://www.washingtonpost.com/news/sports/wp/2015/10/20/draftkings-fanduel-fbi-investigation-could-freeze-daily-fantasy-players-money-for-years/
There was also a report that the senate or someone is requesting a list of NFL employees that play on these sites. Wouldn't it be interesting if players and coaches were playing in these leagues and game irregularities started turning up? Like players being played over others because they were on someones fantasy team? Lousy corner backs covering the other teams star wide receivers ? Benching players or activating others. This is brilliant thinking of these money grubbing d-bags in the NFL to get involved with. A nice black sox type scandal would be a media feeding frenzy in the age of the internet , twitter etc. Inside info about line ups being sold by team underlings .
Rumor has it also that there is more money in fantasy football than actual football. That would be a real eye opener too if true.
https://www.washingtonpost.com/news/sports/wp/2015/10/20/draftkings-fanduel-fbi-investigation-could-freeze-daily-fantasy-players-money-for-years/
There was also a report that the senate or someone is requesting a list of NFL employees that play on these sites. Wouldn't it be interesting if players and coaches were playing in these leagues and game irregularities started turning up? Like players being played over others because they were on someones fantasy team? Lousy corner backs covering the other teams star wide receivers ? Benching players or activating others. This is brilliant thinking of these money grubbing d-bags in the NFL to get involved with. A nice black sox type scandal would be a media feeding frenzy in the age of the internet , twitter etc. Inside info about line ups being sold by team underlings .
Rumor has it also that there is more money in fantasy football than actual football. That would be a real eye opener too if true.
You obviously do not play fantasy sports and definitely not daily fantasy so why the hell do you seem to care so much or try to act like an expert? Making up a bunch of BS and throwing in conspiracy theories just makes you look dumb, well at least dumber than the stuff you normally post here.
EDIT TO ADD: NFL players are allowed to play fantasy sports as long as they do not profit more than $250. A large number of NFL players participate in fantasy leagues but I'm fairly certain they all make more than enough money not to risk their careers over a few hundred or even a few thousand dollars.
Apparently combined they run an ad every 90 seconds each and every day.
Seems all of the major leagues and sports media companies are partial investors.
1% of the players win something like 90+% of all winnings.
This is going the way of online poker, but with the leagues and other as major investors....who knows. Probably make it 'gambling' so the states can get their cut like casinos/lotteries.
Here's the show:
https://www.youtube.com/watch?v=Mq785nJ0FXQ
That's quite misleading. The percentage of money that that 1% puts in is probably closer to 90% than 1%.
That's quite misleading. The percentage of money that that 1% puts in is probably closer to 90% than 1%.
That was from John Oliver, just pulled out a couple of the quotes from the segment.
But, I'd seriously doubt if 1% is dumping all the money into it, seriously would doubt that. Logistically that would be highly unlikely.
That's quite misleading. The percentage of money that that 1% puts in is probably closer to 90% than 1%.
That was from John Oliver, just pulled out a couple of the quotes from the segment.
But, I'd seriously doubt if 1% is dumping all the money into it, seriously would doubt that. Logistically that would be highly unlikely.
I didn't say all - just closer to 90% than 1%. So, somewhere between 46% and 90%. There's just way too much luck involved to put in 10% of the money and win 90% of it.
They also said 85% of daily fantasy players are losers , of money presumably. Looks like just another form of blatant rent extraction to me . I wonder if the so called founders of the company are a subsidiary of Goldman Sachs.if it stays legal maybe 5 years from now both companies will be deemed too big to fail and the taxpayers will have to bail them out .
There was an online gambling law , some clever bankster dbags found a loop hole and exploited it , and like the wood ticks they are they will suck as much blood as they can out of it and then move on to something else if it gets shut down.
I think you misread. The statement is that 1% of the players, 1% of the people that play, they win 90+% of the total payouts.
I understand. But people can enter the same contest multiple times. So, for one contest, 1% of the people might be buying 70% of the entries.
There's just no way that 1% of the people are buying 1% of the entries and winning 90% of all the money.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
What a racket, lol...I can't believe MLB won't consider reinstating Pete Rose yet they will gladly hype Draft Kings and Fan Duel during postseason baseball broadcasts. What hypocrites.
+1
What a racket, lol...I can't believe MLB won't consider reinstating Pete Rose yet they will gladly hype Draft Kings and Fan Duel during postseason baseball broadcasts. What hypocrites.
Pete just needs to grease their palms and its a done deal. On a related note , Pete would be a good spokesman for the daily fantasy companies
There was an online gambling law , some clever bankster dbags found a loop hole and exploited it
That "online gambling law" was enacted in 1997 and the "clever bankster dbags" you referred to that ruled on that law was the US Supreme Court. I will keep debunking your stupid comments and theories while you continue to ignore me.
What a racket, lol...I can't believe MLB won't consider reinstating Pete Rose yet they will gladly hype Draft Kings and Fan Duel during postseason baseball broadcasts. What hypocrites.
+1
Think about the time, energy and smarts put into the "skill" advantage folks are using (many as a full-time job) as you put down your model and spend an hour or so researching your picks.
Erik
Another important point of the very entertaining piece on HBO's John Oliver show is that the 1% of folks that are winning 90 plus percent of the pay-outs are doing so with sophisticated mathematical/analytical models that are crunching big data for the purposes of giving them any slight edge.
Think about the time, energy and smarts put into the "skill" advantage folks are using (many as a full-time job) as you put down your model and spend an hour or so researching your picks.
My last comment on this (well maybe), those numbers are nothing more than pure guesses. Not that it's anyone's business here, but my net profit on football alone this season exceeds the average head of household income of your average American. That does not include the little bit I have made on MLB, NBA, PGA and Nascar.
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