Draft Kings

The sharks are eating you up:

For+daily+fantasy+sports+operators%2c+the+curse+of+too+much+skill

 

Indeed. Which is why I'm hesitant to throw any kind of significant money toward it.

 

If it seems like all you've seen this week has been commercials for DraftKings, there's a reason for that:

DraftKings was the largest buyer of television ads in the first week of September, dropping $23.6 million over that period, according to ispot.tv.

You Aren't Good Enough to Win Money Playing Daily Fantasy Football

The whole article is interesting on a business level.

 

FanDuel and DraftKings, the two main services, will bring in a combined $60 million in entry fees in the first week of the NFL season, according to Adam Krejcik, a partner at Eilers Research. Sports books in Las Vegas, by contrast, are expected to handle about $30 million.

The rival startups prospered in football's offseason. Both companies raised huge new rounds of investment, bringing DraftKings’s total haul to $426 million and FanDuel’s to $363 million, and both are now valued at more than $1 billion.

 

Just trying figure out if they were on the level or above the level of online poker.

This is still one court ruling away from going away, and it is also one online hack away from possibly having everyone's gambling info out there.

 

Wrigley Field on my Memorial Day visit:




Wrigley Field on my August visit:

 

If Fan Duel gets hacked the worst thing anybody is going to get on me is that I forgot to check the weather and started Verlander in a rain out. They don't have any of my vital personal info.

 

Key section from that piece...

These ads never spell out a simple truth about daily fantasy competitions: While any player might get lucky on the back of a handful of entries, over time nearly all of the prize money flows to a tiny elite equipped with elaborate statistical modeling and automated tools that can manage hundreds of entries at once and identify the weakest opponents.

Unless you're operating with high-level statistical models, you're swimming with sharks. Stick to traditional sports betting and fade the public if you actually want to make some money.

 

Looks like I hit my peak in week 1.

Turned one $3 entry into $6. Finished 2nd in a double-up league with 54 players.
Turned another $3 entry into $20. Finished 811th in a league with 95,800 players.

Do they sell $3 scratchers? I should probably buy one today.

 

Won $200 on the Million Dollar guaranteed football contest. I think it was a $10 entry fee. Finished something like 102 out of 333,800.

 

Whoa. Very nice, TSP!

What are the cash out options on DraftKings? Can they just put it back on your card or do you have to request a check?