DFS Scandals in E.F.F.E.C.T (1 Viewer)

[spider321]

Algorithms, Shmalgorithms. I have Twitter, my buddy Piker and good ol' fashioned street smarts.

lol.

 

[bicycle_seat_sniffer]

Hang on to your fantasy butts.

The hobby is about to get scrutinized like never before.

And if some self righteous Congressman gets a bug up his bunghole about it it'll be the beginning of the end of the hobby as we know it.

Greed wins and destroys again.

Probably a Congressman from a State with legal casinos. I know the casino lobby can't love DFS.

why? people still go to casinos regardless of FF sites

 

[ChuckLiddell]

The guy who won week 2 was interviewed on Sirius. He is a trucker from Pittsburgh who entered one lineup. First time ever playing. He loaded his lineup with players with Pittsburgh backgrounds. Ben, DeAngelo, Dion Lewis, Fitz. He added Travis Benjamin because his dad lives in Cleveland and told him he was really fast. He put the Jets D in against the Colts because he wanted something to root for in the Monday night game.

Dude won $1M on a $25 investment...without any algorithms!

I am sure the conspiracy theorists will say that he was part of a huge group with thousands of entries and FD had him interview and lie about it...possible but highly unlikely and easy to disprove if someone really wanted to.

More logical conclusion is that some shmo from Pittsburgh beat all of those MIT programmers who somehow should have been able to predict that Travis Benjamin would blow up and that Fitz would have 3 TDs after being mostly irrelevant for 2 seasons.

Algorithms can predict chess moves. Better than most humans. Football has a WHOLE lot more variables involved. I am not buying the algorithm argument. I have won money in tournaments myself, know others who have won more, and I know some trucker from Pittsburgh is no longer a trucker, and is sipping on a drink with an umbrella in it right now because his dad told him Travis Benjamin is is really fast.

 

[bagger]

The guy who won week 2 was interviewed on Sirius. He is a trucker from Pittsburgh who entered one lineup. First time ever playing. He loaded his lineup with players with Pittsburgh backgrounds. Ben, DeAngelo, Dion Lewis, Fitz. He added Travis Benjamin because his dad lives in Cleveland and told him he was really fast.

Dude won $1M on a $25 investment...without any algorithms!

I am sure the conspiracy theorists will say that he was part of a huge group with thousands of entries and FD had him interview and lie about it...possible but highly unlikely and easy to disprove if someone really wanted to.

More logical conclusion is that some shmo from Pittsburgh beat all of those MIT programmers who somehow should have been able to predict that Travis Benjamin would blow up and that Fitz would have 3 TDs after being mostly irrelevant for 2 seasons.

Algorithms can predict chess moves. Better than most humans. Football has a WHOLE lot more variables involved. I am not buying the algorithm argument. I have won money in tournaments myself, know others who have won more, and I know some trucker from Pittsburgh is no longer a trucker, and is sipping on a drink with an umbrella in it right now because his dad told him Travis Benjamin is is really fast.

yes and 72o can beat AA. But that doesn't mean over the long run you will be profitable.Ps: if you win $1M that's not enough money to quit your job.

 

[Mr. Irrelevant]

Business Insider is reporting that DraftKings employees have won $6M playing DFS at FanDuel.

http://www.businessinsider.com/draftkings-daily-fantasy-sports-fanduel-2015-10

FTA: "According to research by Sports Business Daily, over one three-month stretch 91% of the player profits at DraftKings and FanDuel were won by just 1.3% of the players."

And that right there is why DFS advertising has become so completely pervasive this season, folks.

Any casino could take one look at that stat and tell you that it's laughably unsustainable. There's absolutely no way money can flow from fish to sharks at a pace that torrential without the games drying up completely ... unless new fish can be recruited into the pond at an even faster pace.

It's working so far. But it won't work forever. Mathematically, it can't.

 

[bagger]

Business Insider is reporting that DraftKings employees have won $6M playing DFS at FanDuel.

http://www.businessinsider.com/draftkings-daily-fantasy-sports-fanduel-2015-10

FTA: "According to research by Sports Business Daily, over one three-month stretch 91% of the player profits at DraftKings and FanDuel were won by just 1.3% of the players."

And that right there is why DFS advertising has become so completely pervasive this season, folks.

Any casino could take one look at that stat and tell you that it's laughably unsustainable. There's absolutely no way money can flow from fish to sharks at a pace that torrential without the games drying up completely ... unless new fish can be recruited into the pond at an even faster pace.

It's working so far. But it won't work forever. Mathematically, it can't.

well one saving grace for the DFS sites in the interim is that fish don't believe in math.

 

[spider321]

The guy who won week 2 was interviewed on Sirius. He is a trucker from Pittsburgh who entered one lineup. First time ever playing. He loaded his lineup with players with Pittsburgh backgrounds. Ben, DeAngelo, Dion Lewis, Fitz. He added Travis Benjamin because his dad lives in Cleveland and told him he was really fast. He put the Jets D in against the Colts because he wanted something to root for in the Monday night game.

Dude won $1M on a $25 investment...without any algorithms!

I am sure the conspiracy theorists will say that he was part of a huge group with thousands of entries and FD had him interview and lie about it...possible but highly unlikely and easy to disprove if someone really wanted to.

More logical conclusion is that some shmo from Pittsburgh beat all of those MIT programmers who somehow should have been able to predict that Travis Benjamin would blow up and that Fitz would have 3 TDs after being mostly irrelevant for 2 seasons.

Algorithms can predict chess moves. Better than most humans. Football has a WHOLE lot more variables involved. I am not buying the algorithm argument. I have won money in tournaments myself, know others who have won more, and I know some trucker from Pittsburgh is no longer a trucker, and is sipping on a drink with an umbrella in it right now because his dad told him Travis Benjamin is is really fast.

LOL.

Anecdotal.

Look it up. Judging from your post and it's conclusions, there is zero chance that you know the meaning of the word.

 

[ChuckLiddell]

The guy who won week 2 was interviewed on Sirius. He is a trucker from Pittsburgh who entered one lineup. First time ever playing. He loaded his lineup with players with Pittsburgh backgrounds. Ben, DeAngelo, Dion Lewis, Fitz. He added Travis Benjamin because his dad lives in Cleveland and told him he was really fast.

Dude won $1M on a $25 investment...without any algorithms!

I am sure the conspiracy theorists will say that he was part of a huge group with thousands of entries and FD had him interview and lie about it...possible but highly unlikely and easy to disprove if someone really wanted to.

More logical conclusion is that some shmo from Pittsburgh beat all of those MIT programmers who somehow should have been able to predict that Travis Benjamin would blow up and that Fitz would have 3 TDs after being mostly irrelevant for 2 seasons.

Algorithms can predict chess moves. Better than most humans. Football has a WHOLE lot more variables involved. I am not buying the algorithm argument. I have won money in tournaments myself, know others who have won more, and I know some trucker from Pittsburgh is no longer a trucker, and is sipping on a drink with an umbrella in it right now because his dad told him Travis Benjamin is is really fast.

yes and 72o can beat AA. But that doesn't mean over the long run you will be profitable.Ps: if you win $1M that's not enough money to quit your job.

It was for him. He resigned the next day, but thats pretty irrelevant to the discussion anyway.

Obviously, heels are dug in here. I am no MIT genius, and I have turned a $100 deposit into $1000 cash, and still have $1750 in my account. You will not convince me that over the long haul I CAN NOT be profitable.

 

[ChuckLiddell]

The guy who won week 2 was interviewed on Sirius. He is a trucker from Pittsburgh who entered one lineup. First time ever playing. He loaded his lineup with players with Pittsburgh backgrounds. Ben, DeAngelo, Dion Lewis, Fitz. He added Travis Benjamin because his dad lives in Cleveland and told him he was really fast. He put the Jets D in against the Colts because he wanted something to root for in the Monday night game.

Dude won $1M on a $25 investment...without any algorithms!

I am sure the conspiracy theorists will say that he was part of a huge group with thousands of entries and FD had him interview and lie about it...possible but highly unlikely and easy to disprove if someone really wanted to.

More logical conclusion is that some shmo from Pittsburgh beat all of those MIT programmers who somehow should have been able to predict that Travis Benjamin would blow up and that Fitz would have 3 TDs after being mostly irrelevant for 2 seasons.

Algorithms can predict chess moves. Better than most humans. Football has a WHOLE lot more variables involved. I am not buying the algorithm argument. I have won money in tournaments myself, know others who have won more, and I know some trucker from Pittsburgh is no longer a trucker, and is sipping on a drink with an umbrella in it right now because his dad told him Travis Benjamin is is really fast.

LOL.

Anecdotal.

Look it up. Judging from your post and it's conclusions, there is zero chance that you know the meaning of the word.

Not sure why you would make it personal. if my post somehow offended you, you have my apologies. I am just participating in the discussion, and have a different perspective than you.

 

[Bojang0301]

Paid for content in news has no place. Even in sports media. That's what I think is probably the most sickening, if there is something to be mad about in this whole thing. I found it odd ESPN was doing DraftKings segments but now I know it was paid for... Need to go back on my ESPN boycott. SVP had me coming back.

 

[spider321]

The guy who won week 2 was interviewed on Sirius. He is a trucker from Pittsburgh who entered one lineup. First time ever playing. He loaded his lineup with players with Pittsburgh backgrounds. Ben, DeAngelo, Dion Lewis, Fitz. He added Travis Benjamin because his dad lives in Cleveland and told him he was really fast. He put the Jets D in against the Colts because he wanted something to root for in the Monday night game.

Dude won $1M on a $25 investment...without any algorithms!

I am sure the conspiracy theorists will say that he was part of a huge group with thousands of entries and FD had him interview and lie about it...possible but highly unlikely and easy to disprove if someone really wanted to.

More logical conclusion is that some shmo from Pittsburgh beat all of those MIT programmers who somehow should have been able to predict that Travis Benjamin would blow up and that Fitz would have 3 TDs after being mostly irrelevant for 2 seasons.

Algorithms can predict chess moves. Better than most humans. Football has a WHOLE lot more variables involved. I am not buying the algorithm argument. I have won money in tournaments myself, know others who have won more, and I know some trucker from Pittsburgh is no longer a trucker, and is sipping on a drink with an umbrella in it right now because his dad told him Travis Benjamin is is really fast.

LOL.

Anecdotal.

Look it up. Judging from your post and it's conclusions, there is zero chance that you know the meaning of the word.

Not sure why you would make it personal. if my post somehow offended you, you have my apologies. I am just participating in the discussion, and have a different perspective than you.

I apologize.

I just found your conclusions to be intellectually insulting.

 

[matuski]

Business Insider is reporting that DraftKings employees have won $6M playing DFS at FanDuel.

http://www.businessinsider.com/draftkings-daily-fantasy-sports-fanduel-2015-10

FTA: "According to research by Sports Business Daily, over one three-month stretch 91% of the player profits at DraftKings and FanDuel were won by just 1.3% of the players."

And that right there is why DFS advertising has become so completely pervasive this season, folks.

Any casino could take one look at that stat and tell you that it's laughably unsustainable. There's absolutely no way money can flow from fish to sharks at a pace that torrential without the games drying up completely ... unless new fish can be recruited into the pond at an even faster pace.

It's working so far. But it won't work forever. Mathematically, it can't.

well one saving grace for the DFS sites in the interim is that fish don't believe in math.

When the prize money is loaded towards the top 1% in the tournaments, why is it a shock that most of the money goes to the top 1%?

 

[Bri]

Fbg really needs to get a dfs forum

 

[flc735]

Seeing the ownership % would give you a small advantage but not a meaningful one. It's not hard to guess the rough ownership percentages already.

if that is true why did the guy who had this advantage place astronomically high in multiple events? It matters. A lot. Like if FD or DK offered a premium subscription service to give this information away overwhelmingly the people would this information would be more profitable than those that didn't. Your assumption could not be more wrong.

But good luck. Although I guess you don't need it if you think it is easy to be better than algorithms with information off the top of your head.

"Like if FD or DK offered a premium subscription service to give this information away overwhelmingly the people would this information would be more profitable than those that didn't."

You mean like how FBG offers a premium service to give information away only to thier subscribers? My FBG subscription definitley helps me make money on DK. Does that mean I am cheating too? Lol

You don't win tourneys by picking Calvin at 2% owned, you win by picking Calvin the week he scores 45 points. This is unpredictable and it has nothing to do with ownership percentage.

You can steal both coaches game plans before the game and you still won't be able to predict Freeman was going to score 6 TD's the last 2 weeks. Freeman didn't even expect that.

The best in the world can't even predict the winner of an NFL game more than 60% of the time. How in the world can someone predict someone's stats??

Touchdowns are the hardest thing to predict and they are valued the highest in this game.

"with information off the top of your head"

Who said that? I listen to several football podcasts, have a fbg subscription, keep up with news and read forums. I am not an expert but I do a hell of a lot more than what you are assuming. You can make up things to help your argument all you want but it isn't going to make it true. I spend a lot of time each week making my lineup. I do it because I enjoy doing it.

The truth is thier computers run the numbers in great detail and find small advantages. In a 1v1 setting, these advantages are negligible. The rake is much more difficult to overcome than an algo lineup. When you multiply this small advantage by 100s or 1000s of times, that's when they can make some good money.

I have no doubt thier algo lineups can consistently beat the average new player that isn't putting time into it. That x100s of entries is all they need to make money doing it

 

[bagger]

Business Insider is reporting that DraftKings employees have won $6M playing DFS at FanDuel.

http://www.businessinsider.com/draftkings-daily-fantasy-sports-fanduel-2015-10

FTA: "According to research by Sports Business Daily, over one three-month stretch 91% of the player profits at DraftKings and FanDuel were won by just 1.3% of the players."

And that right there is why DFS advertising has become so completely pervasive this season, folks.

Any casino could take one look at that stat and tell you that it's laughably unsustainable. There's absolutely no way money can flow from fish to sharks at a pace that torrential without the games drying up completely ... unless new fish can be recruited into the pond at an even faster pace.

It's working so far. But it won't work forever. Mathematically, it can't.

well one saving grace for the DFS sites in the interim is that fish don't believe in math.

When the prize money is loaded towards the top 1% in the tournaments, why is it a shock that most of the money goes to the top 1%?

thats true if it was one tournament. But after thousands of tournaments you would expect the prize pool in aggregate to be much more spread out.

 

[flc735]

Algorithms can work on a large scale over time. They do not work on the micro level. This applies to everything.

Ex: You can't predict how many accidents a person will get into this year. You can predict how many accidents a group of 100,000 people will get into this year.

Yes, algorithms are being used on dfs. No, they are not the reason you didn't win money last week

 

[msudaisy26]

I love the people that don't play claim this should be illegal. If you don't play why do you care?

Well, I'm not Jewish but I care about the Holocaust. I think it's just people wanting to take an interest in events in their society.

 

[msudaisy26]

One things that I have been wondering is if it was just a couple of rogue employees that did this without the sites knowing, but that can't be the case, can it? Wouldn't Fanduel and Draftkings immediately put out a press release or something saying that and all employees connected with this have been fired and they are working on measures to make sure this never happens again?

 

[Jack White]

Business Insider is reporting that DraftKings employees have won $6M playing DFS at FanDuel.

http://www.businessinsider.com/draftkings-daily-fantasy-sports-fanduel-2015-10

FTA: "According to research by Sports Business Daily, over one three-month stretch 91% of the player profits at DraftKings and FanDuel were won by just 1.3% of the players."

And that right there is why DFS advertising has become so completely pervasive this season, folks.

Any casino could take one look at that stat and tell you that it's laughably unsustainable. There's absolutely no way money can flow from fish to sharks at a pace that torrential without the games drying up completely ... unless new fish can be recruited into the pond at an even faster pace.

It's working so far. But it won't work forever. Mathematically, it can't.

well one saving grace for the DFS sites in the interim is that fish don't believe in math.

DFS and state lotteries: voluntary taxes on stupid poor people who are bad at math.

 

[burnall]

I hate both DFS companies for nothing else because they pollute NFL games with their Spam ads. $200 free cash, enter this promo code...blah blah blah...and there's a million suckers born every minute. I hope the entire industry chokes on bubble and everyone who invested in this shady business loses their shirt.

This. You know it has to be shady since they are going so hard on the ads. I even think it is dubious that FBGs has jumped so hard pimping this up. The $200 is ludicrous. Nobody is giving away $200 for free unless they are sure you are going to lose more than double that in the long run.

i gotta say i hate having to wad through all the DFS info to find more season long stuff >.< (BTW FBG's probably jumped so hard because they got alot of $$$$ all their podcast are sponsored by DK or FD now),witch is funny because when it first came out i belive woods was on the couch and he said that DFS was more like direct gambling then season long, and i belive he wasent a fan of it for that reason.

 

[burnall]

Fbg really needs to get a dfs forum

there is one..

https://forums.footballguys.com/forum/index.php?/forum/43-daily-fantasy-sports/

 

[cstu]

Business Insider is reporting that DraftKings employees have won $6M playing DFS at FanDuel.

http://www.businessinsider.com/draftkings-daily-fantasy-sports-fanduel-2015-10

How much have they won at DraftKings?

 

[Rimez]

Regulations need set ASAP, these guys are printing money at an obscene rate and while the bubble will eventually burst it could be too late by then... if you think the ads are annoying now just wait till Monday Night Football featuring The New England Patriots vs The Los Angeles Draft Kings.

 

[ChuckLiddell]

The guy who won week 2 was interviewed on Sirius. He is a trucker from Pittsburgh who entered one lineup. First time ever playing. He loaded his lineup with players with Pittsburgh backgrounds. Ben, DeAngelo, Dion Lewis, Fitz. He added Travis Benjamin because his dad lives in Cleveland and told him he was really fast. He put the Jets D in against the Colts because he wanted something to root for in the Monday night game.

Dude won $1M on a $25 investment...without any algorithms!

I am sure the conspiracy theorists will say that he was part of a huge group with thousands of entries and FD had him interview and lie about it...possible but highly unlikely and easy to disprove if someone really wanted to.

More logical conclusion is that some shmo from Pittsburgh beat all of those MIT programmers who somehow should have been able to predict that Travis Benjamin would blow up and that Fitz would have 3 TDs after being mostly irrelevant for 2 seasons.

Algorithms can predict chess moves. Better than most humans. Football has a WHOLE lot more variables involved. I am not buying the algorithm argument. I have won money in tournaments myself, know others who have won more, and I know some trucker from Pittsburgh is no longer a trucker, and is sipping on a drink with an umbrella in it right now because his dad told him Travis Benjamin is is really fast.

LOL.

Anecdotal.

Look it up. Judging from your post and it's conclusions, there is zero chance that you know the meaning of the word.

Not sure why you would make it personal. if my post somehow offended you, you have my apologies. I am just participating in the discussion, and have a different perspective than you.

I apologize.

I just found your conclusions to be intellectually insulting.

Pretty backhanded apology, no? LOL. Its all good. Sorry you find my conclusions insulting in any way. I guess the main takeaway was that the concept that you have to be an MIT genius with an algorithm to win money is without much basis. 2 weeks into the season, some regular dude made $1M. I didnt hear the interviews from the winners of the other 3 weeks so far, but somehow I doubt that they were all done with an algorithm that knew that Devonta Freeman as about to blow up.

 

[SDJohnny]

"According to research by Sports Business Daily, over one three-month stretch 91% of the player profits at DraftKings and FanDuel were won by just 1.3% of the players."

http://finance.yahoo.com/news/draftkings-employees-reportedly-won-nearly-190600043.html

 

[massraider]

"According to research by Sports Business Daily, over one three-month stretch 91% of the player profits at DraftKings and FanDuel were won by just 1.3% of the players."

http://finance.yahoo.com/news/draftkings-employees-reportedly-won-nearly-190600043.html

If you are on the fence about DFS, you need to read this article.

If you can read that, and still use anecdotal evidence to justify spending money there, god bless. But there's some guy spending 2 million to ensure that his lineups, determined by algorithms taking in to account all the stuff you think you know that others don't, have every single possible kicker and defense combination.

I did it because it was fun, and was nice to think you could use your brains to win big money. But it's not fun knowing there is a small group of guys out there dominating it.

Do it smart. Do private leagues with friends, winner take all. Do 50/50s, I guess you can do alright in those. Throw a few bucks at a tournament maybe.

To be honest, I'm not sure how much fun it was really. You watch games, and you're kind of rooting for everyone, and no one. That's been my experience.

 

[ROCKET]

How is this any different than the biggest gambling scam of all, Wall Street?

 

[Bojang0301]

Queue up Dr. Evil here: $25 "investment". It's a $25 gamble. Good on that dood for winning. He beat the odds.

 

[msudaisy26]

How is this any different than the biggest gambling scam of all, Wall Street?

Add a lot of 0's to the end of it

 

[Bojang0301]

"According to research by Sports Business Daily, over one three-month stretch 91% of the player profits at DraftKings and FanDuel were won by just 1.3% of the players."

http://finance.yahoo.com/news/draftkings-employees-reportedly-won-nearly-190600043.html

So? Sounds like our stock market. Oh wait I just had an epiphany :getsshotinheadbygovt:

 

[kittenmittens]

"According to research by Sports Business Daily, over one three-month stretch 91% of the player profits at DraftKings and FanDuel were won by just 1.3% of the players."

http://finance.yahoo.com/news/draftkings-employees-reportedly-won-nearly-190600043.html

So? Sounds like our stock market. Oh wait I just had an epiphany :getsshotinheadbygovt:

But, how much did those 1.3% players invest? If those are the very high volume players that might make sense.

I could set up a 50/50 and enter all of the entries and "win" $36,000, but I had to spend $40,000 to join the contest to "win" that $36,000...?

I'm sure the stat is still telling, but without the other half of that information it is misleading.

 

[massraider]

"According to research by Sports Business Daily, over one three-month stretch 91% of the player profits at DraftKings and FanDuel were won by just 1.3% of the players."

http://finance.yahoo.com/news/draftkings-employees-reportedly-won-nearly-190600043.html

So? Sounds like our stock market. Oh wait I just had an epiphany :getsshotinheadbygovt:

But, how much did those 1.3% players invest? If those are the very high volume players that might make sense.

I could set up a 50/50 and enter all of the entries and "win" $36,000, but I had to spend $40,000 to join the contest to "win" that $36,000...?

I'm sure the stat is still telling, but without the other half of that information it is misleading.

The info is in the article, but for you and me, does it really matter? The money is being won by a small group of players.

 

[kittenmittens]

"According to research by Sports Business Daily, over one three-month stretch 91% of the player profits at DraftKings and FanDuel were won by just 1.3% of the players."

http://finance.yahoo.com/news/draftkings-employees-reportedly-won-nearly-190600043.html

So? Sounds like our stock market. Oh wait I just had an epiphany :getsshotinheadbygovt:

But, how much did those 1.3% players invest? If those are the very high volume players that might make sense.

I could set up a 50/50 and enter all of the entries and "win" $36,000, but I had to spend $40,000 to join the contest to "win" that $36,000...?

I'm sure the stat is still telling, but without the other half of that information it is misleading.

The info is in the article, but for you and me, does it really matter? The money is being won by a small group of players.

You're right... It doesn't really, great article though and as promised it did have all the info.

 

[MattFancy]

Was listening to SiriusXM Fantasy on my way home today. Believe it was Jeff Mans that was on. SiriusXM should be embarrassed for having this clown on their air. I've never seen a bigger shill for DFS in my life.

 

[SaintsInDome2006]

Correct to the above, agree.

I'm not remotely surprised. Btw note the use of the word "unregulated" by the NYT. That's definitely a clue, FF industry better take note.

New York Attorney General Opens Inquiry Into Fantasy Sports SitesThe New York attorney general began an inquiry Tuesday into the prospect that employees of daily fantasy football sites have won lucrative payouts based on inside information not available to the public, asking two leading companies, DraftKings and FanDuel, for a range of internal data and details on how they prevent fraud.

Word of the inquiry came as the revelation that DraftKings and FanDuel allowed their employees – many with information not available to customers – to play at each other’s sites for large amounts of money continued to rattle the sports world.

Some of the industry’s primary sponsors raised questions or distanced themselves from lucrative advertising and sponsorship deals. On Monday, both companies told The New York Times that they had temporarily prohibited their employees from playing in money games.

Major League Baseball, which owns a stake in DraftKings and has a sponsorship deal with it, said in a statement that it had a policy that “prohibits its own players and employees from participating in fantasy baseball games where money or something of value is at stake, and did not know that the situation was different at DraftKings.”

“We have reached out and discussed this matter with them,” it said.

...The N.F.L., which recently struck a three-year deal with DraftKings to become a partner of the league’s International Series in Britain, declined to comment.

The attorney general’s move may shed light on the inner workings of the sites, which charge a fee and allow participants to build rosters of hypothetical teams and score points against hundreds of competitors based on the actual performance of players. The sites say payouts can reach $2 million.

In a letter to both companies, Attorney General Eric T. Schneiderman demanded the names, job titles and descriptions of any employees who aggregate and compile a wide range of data that perhaps could be used to gain a personal advantage — including ownership percentages and pricing algorithms. Mr. Schneiderman also demanded that the companies turn over details of any internal investigations into their employees, including the one at the center of the current scandal, Ethan Haskell of DraftKings.

It was Haskell who admitted last week to inadvertently releasing data before the lineups of all N.F.L. games were locked in for the third week of the season in late September. That same weekend, Mr. Haskell, a midlevel content manager, won $350,000 at FanDuel.

The two companies said they had investigated Mr. Haskell and cleared him of wrongdoing.

...

http://www.nytimes.com/2015/10/07/sports/draftkings-fanduel-inquiry-new-york-attorney-general.html?action=Click&contentCollection=BreakingNews&contentID=52366656&pgtype=article

 

[MattFancy]

Was talking to one of my buddies that is a huge gambling and DFS junkie. Thought I'd be able to talk some sense into him over this, but he doesn't think it's a big deal and just plans on spending more money to try and win. I honestly don't think this will affect people like him. The smart guys like most of us in here realize this is a losing effort. But others, they just don't care enough, which is pretty sad.

 

[JimmyJabroni]

Business Insider is reporting that DraftKings employees have won $6M playing DFS at FanDuel.

http://www.businessinsider.com/draftkings-daily-fantasy-sports-fanduel-2015-10

FTA: "According to research by Sports Business Daily, over one three-month stretch 91% of the player profits at DraftKings and FanDuel were won by just 1.3% of the players."

And that right there is why DFS advertising has become so completely pervasive this season, folks.

Any casino could take one look at that stat and tell you that it's laughably unsustainable. There's absolutely no way money can flow from fish to sharks at a pace that torrential without the games drying up completely ... unless new fish can be recruited into the pond at an even faster pace.

It's working so far. But it won't work forever. Mathematically, it can't.

well one saving grace for the DFS sites in the interim is that fish don't believe in math.

When the prize money is loaded towards the top 1% in the tournaments, why is it a shock that most of the money goes to the top 1%?

thats true if it was one tournament. But after thousands of tournaments you would expect the prize pool in aggregate to be much more spread out.

All of the tournaments are loaded with most of the money at the top. With millions of people playing the top 1% who win those prizes are still going to win the bulk of the money regardless of how many tournaments there are. But that is the fun in playing the tournament, the long shot chance to win the big one.

 

[SaintsInDome2006]

One has to wonder if there are any controls in place at all to prevent DraftKings and Fan Duel employees from trading data and then going to the other site to make a killing. I'll bet a lot of these guys make more money in DFS on the competitors site then they do in their day jobs.

If they're doing that they don't need jobs. It's insider trading or consumer fraud, take your pick, and when that happens, prosecution and regulation follow.

 

[matuski]

Business Insider is reporting that DraftKings employees have won $6M playing DFS at FanDuel.

http://www.businessinsider.com/draftkings-daily-fantasy-sports-fanduel-2015-10

FTA: "According to research by Sports Business Daily, over one three-month stretch 91% of the player profits at DraftKings and FanDuel were won by just 1.3% of the players."

And that right there is why DFS advertising has become so completely pervasive this season, folks.

Any casino could take one look at that stat and tell you that it's laughably unsustainable. There's absolutely no way money can flow from fish to sharks at a pace that torrential without the games drying up completely ... unless new fish can be recruited into the pond at an even faster pace.

It's working so far. But it won't work forever. Mathematically, it can't.

well one saving grace for the DFS sites in the interim is that fish don't believe in math.

When the prize money is loaded towards the top 1% in the tournaments, why is it a shock that most of the money goes to the top 1%?

thats true if it was one tournament. But after thousands of tournaments you would expect the prize pool in aggregate to be much more spread out.

There aren't thousands of big money tournaments.

One per site per week. So 4 players from each site are millionaires at this point. (this year)

 

[SaintsInDome2006]

One has to wonder if there are any controls in place at all to prevent DraftKings and Fan Duel employees from trading data and then going to the other site to make a killing. I'll bet a lot of these guys make more money in DFS on the competitors site then they do in their day jobs.

If they're doing that they don't need jobs. It's insider trading or consumer fraud, take your pick, and when that happens, prosecution and regulation follow.

Insider trading laws only apply to securities, not fantasy sports. Its also not fraud.

Insider trading laws apply to a lot of things. So does RICO.

 

[mquinnjr]

Was listening to SiriusXM Fantasy on my way home today. Believe it was Jeff Mans that was on. SiriusXM should be embarrassed for having this clown on their air. I've never seen a bigger shill for DFS in my life.

Ever since cancelling SXM and going the podcast route, SXM hasn't crossed my mind in months. No commercials (maybe a few minutes an hour of a live read) and much, much deeper content. You can definitely do better, that station was a total shill for noobs and DFS.

 

[matuski]

Was talking to one of my buddies that is a huge gambling and DFS junkie. Thought I'd be able to talk some sense into him over this, but he doesn't think it's a big deal and just plans on spending more money to try and win. I honestly don't think this will affect people like him. The smart guys like most of us in here realize this is a losing effort. But others, they just don't care enough, which is pretty sad.

It is a losing effort if you play the low % games.

I have no problem saying I can come out ahead most weeks in the 50/50's (haven't lost one yet). These aren't the big money wins, but the safer bets. The "smart" guys would realize this.

 

[MattFancy]

Was listening to SiriusXM Fantasy on my way home today. Believe it was Jeff Mans that was on. SiriusXM should be embarrassed for having this clown on their air. I've never seen a bigger shill for DFS in my life.

Ever since cancelling SXM and going the podcast route, SXM hasn't crossed my mind in months. No commercials (maybe a few minutes an hour of a live read) and much, much deeper content. You can definitely do better, that station was a total shill for noobs and DFS.

Yeah I'm not sure why I listen to it. Just something to hear on the commute, but after the disaster today, I'm never listening again.

 

[MattFancy]

Was talking to one of my buddies that is a huge gambling and DFS junkie. Thought I'd be able to talk some sense into him over this, but he doesn't think it's a big deal and just plans on spending more money to try and win. I honestly don't think this will affect people like him. The smart guys like most of us in here realize this is a losing effort. But others, they just don't care enough, which is pretty sad.

It is a losing effort if you play the low % games.

I have no problem saying I can come out ahead most weeks in the 50/50's (haven't lost one yet). These aren't the big money wins, but the safer bets. The "smart" guys would realize this.

Oh he only plays the GPPs. He's gotten lucky a few times and won 1k or so here and there, but I never hear about his losses. He's your typical gambler.

 

[matuski]

Anyone that plays DFS is dumb.

 

[Apple Jack]

Was talking to one of my buddies that is a huge gambling and DFS junkie. Thought I'd be able to talk some sense into him over this, but he doesn't think it's a big deal and just plans on spending more money to try and win. I honestly don't think this will affect people like him. The smart guys like most of us in here realize this is a losing effort. But others, they just don't care enough, which is pretty sad.

Not that this says anything about anybody but you and your buddy, but is he up or down? I'm up $7k+ since November. But I guess I'm dumb for not being a smart guy and realizing its a losing effort.

 

[Old Smiley]

"The N.F.L., which recently struck a three-year deal with DraftKings to become a partner of the league’s International Series in Britain, declined to comment."

Wha wha whaa-a-a--at??? Roger? Declined to comment??

In case you couldn't tell, I was being sarcastic.

 

[MattFancy]

Was talking to one of my buddies that is a huge gambling and DFS junkie. Thought I'd be able to talk some sense into him over this, but he doesn't think it's a big deal and just plans on spending more money to try and win. I honestly don't think this will affect people like him. The smart guys like most of us in here realize this is a losing effort. But others, they just don't care enough, which is pretty sad.

Not that this says anything about anybody but you and your buddy, but is he up or down? I'm up $7k+ since November. But I guess I'm dumb for not being a smart guy and realizing its a losing effort.

No idea. He's claimed to have won a few thousand here and there, but no clue what he's put in there.

Sure, you can have success, especially if you stick to low stakes games. He doesn't. And the majority of the people on there don't. There's money to be made, but it's not through the GPPs

 

[MattFancy]

"The N.F.L., which recently struck a three-year deal with DraftKings to become a partner of the league’s International Series in Britain, declined to comment."

Wha wha whaa-a-a--at??? Roger? Declined to comment??

In case you couldn't tell, I was being sarcastic.

When is the Wells report on DFS coming out?

 

[SaintsInDome2006]

Yeah about those TPS reports, Rog....