FanDuel paying for Christmas for me (1 Viewer)

[JShare87]

I personally love FanDuel, and have no problem whatsoever with the FBG's and FanDuel relationship. I love Fantasy Football just as much as the next guy on these boards but when my teams all start to bottom out near the end of the year it is nice to have a fall back option of Daily Fantasy and get a fresh start each week. The only problem I have had so far with the relationship is the 2 weeks that they opened up the FBG's FD Championship up to the public, thought that was a bad deal for all FBG's members. I think that was more FanDuel's fault then anyone here, as they were trying to get every dollar they could out of a game that is clearly a FBG's only contest.

I enjoy fanduel too. Not as much as eaglezzzz I'm sure because he just got a spot in the finals lol. Congrats care to help with a lineup this week so I can sneak in there?

 

[eaglezzz]

I know I like Brees this week and love the matchup s at RB for Charles and Ryan Matthews. Colston is a bargain at 6200 to pair up with Brees and also like Graham to rebound and find the endzone. Defense it is either the Dolphins or Lions can't decide yet.

I always feel the key is playing matchups and playing guys that are due for a big game. Brees and Matthews are prime examples this week. Also hard not to put Calvin in your lineup each week for the rest of the season.

 

[Team ROFLCOPTERS]

FanDuel is definitely not a gambling site. The Unlawful Internet Act provided a carve out for fantasy sports and FanDuel falls into that category.

Good one. Bet money against others. Declare that it's not gambling. I'll try this gambling site out. If it's at all like online poker, it should be easy $.

It's no different than paying to pay yearly fantasy football.

And how is that not gambling? Sure, it's a game of skill but so is Poker. Of course it's a gambling site.

You pay to play, just like people do when they buy a video game. Another way to look at it is to use your skill to earn a profit. You put money down in any investment. You put money into the stock market. Most gamblers will agree that online poker has very little to do with skill. It's luck and balls and sticking in it long enough to get the hand to support the next twenty. You can't read the guy next to you. The chances of winning are slim.

 

[growlers]

FanDuel is definitely not a gambling site. The Unlawful Internet Act provided a carve out for fantasy sports and FanDuel falls into that category.

Good one. Bet money against others. Declare that it's not gambling. I'll try this gambling site out. If it's at all like online poker, it should be easy $.

It's no different than paying to pay yearly fantasy football.

And how is that not gambling? Sure, it's a game of skill but so is Poker. Of course it's a gambling site.

You pay to play, just like people do when they buy a video game. Another way to look at it is to use your skill to earn a profit. You put money down in any investment. You put money into the stock market. Most gamblers will agree that online poker has very little to do with skill. It's luck and balls and sticking in it long enough to get the hand to support the next twenty. You can't read the guy next to you. The chances of winning are slim.

No offense but you are not a very experienced at poker if you think poker doesn't require skill. I don't think you will find many even semi serious poker players that will "agree it has little to do with skill"

Fanduel is the equivalent of picking a hand to go all in with preflop, you have no control over the football players after you "pick your hand".

Poker you can at least exert some control throughout with beg sizing, etc.

All of this is gambling but the amount of skill in poker is >>>> fanduel

I'm not saying fanduel is easy, just that the luck to skill ratio is much higher.

 

[renesauz]

Plenty of people play in free leagues, so not everyone who comes to this site automatically agrees with gambling. And playing a year long season with nine friends is a lot different than betting on one week with someone you don't know or investing in stocks.

This is key. TBH...I spend so much time, and have so much fun with my $100 dynasty leagues that calling them gambling feels like a real stretch. I like to win, but the money is well worth the experiance whether I win or lose. TBH...I really don't consider those leagues "gambling", and I think these are the kinds of leagues that were in mind when the exception was granted. These ARE different than most sports gambling because of the seasonal commitment and the ability to change on the fly (trade, waivers, etc.) They don't resemble any other traditional gambling all that closely.OTOH...if I were to play fanduel... It's getting thrown into mostly random league with random people for a single set of games on a single weekend. To deny that that would be gambling is pretty silly, because it is no different than betting on any other sports game. I don't have a problem with it, but TBH I would rather that sites like that didn't exist, because it's these kinds of sites that will eventually make it hard for the MFLs of the internet, and for those of us who love the year round dynasty leagues or work level redrafts. I have to agree with others that it's just a matter of time before the federal gov't takes a long hard look at them...and almost certainly shuts them down.

 

[BassNBrew]

$2,026,083 Prizes paid out last 7 days:

At 100 million across the course of the year (and that's being generous), I don't see the feds being interested anytime soon.

 

[Team ROFLCOPTERS]

FanDuel is definitely not a gambling site. The Unlawful Internet Act provided a carve out for fantasy sports and FanDuel falls into that category.

Good one. Bet money against others. Declare that it's not gambling. I'll try this gambling site out. If it's at all like online poker, it should be easy $.

It's no different than paying to pay yearly fantasy football.

And how is that not gambling? Sure, it's a game of skill but so is Poker. Of course it's a gambling site.

You pay to play, just like people do when they buy a video game. Another way to look at it is to use your skill to earn a profit. You put money down in any investment. You put money into the stock market. Most gamblers will agree that online poker has very little to do with skill. It's luck and balls and sticking in it long enough to get the hand to support the next twenty. You can't read the guy next to you. The chances of winning are slim.

No offense but you are not a very experienced at poker if you think poker doesn't require skill. I don't think you will find many even semi serious poker players that will "agree it has little to do with skill"

I'm not that experienced at playing poker competatively but I do know a few people who made between 1 to 3k a year playing online poker. They say that as long as you follow the general rules of poker there is nothing else to to it. Anyone can read a book about the smart play. You can't play your opponent because your opponent is not there. Edit:: In fact, doing a quick google search about online tactics it says the same as my friends say. It's a wait it out game. When you get the hand don't blow it.

 

[sporthenry]

FanDuel is definitely not a gambling site. The Unlawful Internet Act provided a carve out for fantasy sports and FanDuel falls into that category.

Good one. Bet money against others. Declare that it's not gambling. I'll try this gambling site out. If it's at all like online poker, it should be easy $.

It's no different than paying to pay yearly fantasy football.

And how is that not gambling? Sure, it's a game of skill but so is Poker. Of course it's a gambling site.

You pay to play, just like people do when they buy a video game. Another way to look at it is to use your skill to earn a profit. You put money down in any investment. You put money into the stock market. Most gamblers will agree that online poker has very little to do with skill. It's luck and balls and sticking in it long enough to get the hand to support the next twenty. You can't read the guy next to you. The chances of winning are slim.

No offense but you are not a very experienced at poker if you think poker doesn't require skill. I don't think you will find many even semi serious poker players that will "agree it has little to do with skill"

I'm not that experienced at playing poker competatively but I do know a few people who made between 1 to 3k a year playing online poker. They say that as long as you follow the general rules of poker there is nothing else to to it. Anyone can read a book about the smart play. You can't play your opponent because your opponent is not there. Edit:: In fact, doing a quick google search about online tactics it says the same as my friends say. It's a wait it out game. When you get the hand don't blow it.

I've looked into internet poker and it is much more complicated than this. In fact, internet poker seems to take more skill than regular poker at least in some cases. Sure your opponent isn't there but the amount of information at your fingertips is ridiculous. There are programs which tell you how aggressive the player is pre-flop along with the fact many people multi-table so they gain vast experience in a short period of time. But you did compare gambling on fan duel/fantasy football to buying a video game.

 

[The Squeaky Wheel]

I was +$2,300 last week and well on my way to another +$2,000 week.

From my column:

http://subscribers.f...ngfanduel14.php

No Brainers of the Week

QB Eli Manning, NYG (vs NO) - $7,500

RB Trent Richardson, CLE (vs KC) - $8,200

TE Aaron Hernandez, NE (vs Hou) - $6,800

WR Pierre Garcon, WAS (vs Bal) - $5,300

Def Seattle Seahawks (vs Ari) - $5,300

David,

Congrats on your success. How many Fanduel teams do you register in a given week?

Do you have different line-ups for the contests that you enter? Or do you keep the same players on multiple teams?

Thanks

John

 

[BoltBacker]

I think people are always a bit fearful when websites seem to be in cahoots and start peddling each other.

I think you're wrong.Most websites are "in cahoots" and peddling each other. Especially when they offer complimentary services.

 

[Islanders rule]

FanDuel is definitely not a gambling site. The Unlawful Internet Act provided a carve out for fantasy sports and FanDuel falls into that category.

Noted. Was Seattle 41 (FanDuel) points a season high for a team defense this year?Thanks for all the number crunching Dave!Bryce Brown hurt though.Happy Holidays,Saipan

 

[David Dodds]

I was +$2,300 last week and well on my way to another +$2,000 week.

From my column:

http://subscribers.f...ngfanduel14.php

No Brainers of the Week

QB Eli Manning, NYG (vs NO) - $7,500

RB Trent Richardson, CLE (vs KC) - $8,200

TE Aaron Hernandez, NE (vs Hou) - $6,800

WR Pierre Garcon, WAS (vs Bal) - $5,300

Def Seattle Seahawks (vs Ari) - $5,300

David,

Congrats on your success. How many Fanduel teams do you register in a given week?

Do you have different line-ups for the contests that you enter? Or do you keep the same players on multiple teams?

Thanks

John

I generally go with one lineup for each format, but there are a lot of different formats:- Thursday - Monday

- Sunday start (no Thursday)

- Sunday only

- Sunday 1 pm only

and then also at 60K and 55K levels. I avoid the $65K beginner level as everyone can have Brady, Brees, etc.

My two articles I post on Saturday map out what I am going to do almost to a tee. Sometimes I diversify my lineups a tad when I have a few tossup players, but generally I go with something very close to the optimized lineup I publish Saturday morning.

I prefer playing 3 team and 50/50s as I think they are the easiest to win consistently.

 

[David Dodds]

I enter the contests from $10 to $270 starting on Tuesdays and just have place keeper lineups. I then optimize those before the start times after I have done further study.

 

[David Dodds]

I enter the contests from $10 to $270 starting on Tuesdays and just have place keeper lineups. I then optimize those before the start times after I have done further study.

 

[bbdut]

The only problem I have had so far with the relationship is the 2 weeks that they opened up the FBG's FD Championship up to the public, thought that was a bad deal for all FBG's members. I think that was more FanDuel's fault then anyone here, as they were trying to get every dollar they could out of a game that is clearly a FBG's only contest.

^^^ This. And how David refuses to address it with us. But hey we got a $200 freeroll out of it!!!11!1!

 

[Jayrok]

$2,026,083 Prizes paid out last 7 days:

At 100 million across the course of the year (and that's being generous), I don't see the feds being interested anytime soon.

I read this as them paying out winnings into fanduel accounts, not them paying out the amount in withdrawals. If everyone withdrew all winnings to the amount of 2 million dollars every few days I don't see them staying in business. In order for all those players to add up to 2 million, I'd like to see how much money was paid into the games by those same players. Maybe they paid 2 million out, but they took in a large amount as well. But most of the money stays on the site. Players on there may have $2,000+ in winnings, but their actual account might be just a couple of hundred bucks. So they would only be able to withdraw up to the $200. But if they do that they won't have money in the account to play more. Maybe I'm wrong, though.

 

[Marauder]

$2,026,083 Prizes paid out last 7 days:

At 100 million across the course of the year (and that's being generous), I don't see the feds being interested anytime soon.

I read this as them paying out winnings into fanduel accounts, not them paying out the amount in withdrawals. If everyone withdrew all winnings to the amount of 2 million dollars every few days I don't see them staying in business. In order for all those players to add up to 2 million, I'd like to see how much money was paid into the games by those same players. Maybe they paid 2 million out, but they took in a large amount as well. But most of the money stays on the site. Players on there may have $2,000+ in winnings, but their actual account might be just a couple of hundred bucks. So they would only be able to withdraw up to the $200. But if they do that they won't have money in the account to play more. Maybe I'm wrong, though.

I'm pretty sure you are right. Whenever these sites refer to "prizes paid out" or "winnings", they are talking gross not net. If I enter 2 $10 50/50's, win one and lose one, they are going to consider that as $18 paid out.

 

[Jayrok]

$2,026,083 Prizes paid out last 7 days:

At 100 million across the course of the year (and that's being generous), I don't see the feds being interested anytime soon.

I read this as them paying out winnings into fanduel accounts, not them paying out the amount in withdrawals. If everyone withdrew all winnings to the amount of 2 million dollars every few days I don't see them staying in business. In order for all those players to add up to 2 million, I'd like to see how much money was paid into the games by those same players. Maybe they paid 2 million out, but they took in a large amount as well. But most of the money stays on the site. Players on there may have $2,000+ in winnings, but their actual account might be just a couple of hundred bucks. So they would only be able to withdraw up to the $200. But if they do that they won't have money in the account to play more. Maybe I'm wrong, though.

I'm pretty sure you are right. Whenever these sites refer to "prizes paid out" or "winnings", they are talking gross not net. If I enter 2 $10 50/50's, win one and lose one, they are going to consider that as $18 paid out.

Agree.. so they take in $20 from you and pay you $18, but the 18 counts towards the 2 million "paid" out.

 

[BassNBrew]

$2,026,083 Prizes paid out last 7 days:

At 100 million across the course of the year (and that's being generous), I don't see the feds being interested anytime soon.

I read this as them paying out winnings into fanduel accounts, not them paying out the amount in withdrawals. If everyone withdrew all winnings to the amount of 2 million dollars every few days I don't see them staying in business. In order for all those players to add up to 2 million, I'd like to see how much money was paid into the games by those same players. Maybe they paid 2 million out, but they took in a large amount as well. But most of the money stays on the site. Players on there may have $2,000+ in winnings, but their actual account might be just a couple of hundred bucks. So they would only be able to withdraw up to the $200. But if they do that they won't have money in the account to play more. Maybe I'm wrong, though.

Agreed, that's why I said (and that's being generous). Even if you don't deduct money rolled back in, $100 million is a small number.

 

[Marauder]

I wonder what percentage of players are actually long term winners after rake. I'd guess 10%. The juice these sites charge is pretty exhorbitant.

 

[vuduchile80]

I enter the contests from $10 to $270 starting on Tuesdays and just have place keeper lineups. I then optimize those before the start times after I have done further study.

David,I would be interested to see your weekly columns but have not been granted access. I was supposed to get the FBG subscription and fanduel designation when I signed up for fanduel. I emailed the folks at fanduel, but nobody ever responded.I mentioned this in another thread a couple of times and still no response. Is anybody reading this stuff?Please advise.Thanks

 

[jeano]

From my experience, singing up early like Dodds does and then coming back like Dodds does gets you some non-updated opponents and easy competition. Just make sure you are able to update!

 

[CapnJB]

My five year old daughter would like to know what games you are playing in.

 

[Sudoku_in_the_Bathtub]

My five year old daughter would like to know what games you are playing in.

:IBTL:

 

[LittleLarry]

I wonder what percentage of players are actually long term winners after rake. I'd guess 10%. The juice these sites charge is pretty exhorbitant.

Not only is the juice exorbitant, it is unbeatable for the vast majority of players over time.

It's no big deal letting your commish play for free in a 10 team league(10% juice) because the season takes 4 months. The more and more attempts you take on a daily basis, the more and more that juice will eat you up.

 

[sporthenry]

I wonder what percentage of players are actually long term winners after rake. I'd guess 10%. The juice these sites charge is pretty exhorbitant.

Not only is the juice exorbitant, it is unbeatable for the vast majority of players over time.

It's no big deal letting your commish play for free in a 10 team league(10% juice) because the season takes 4 months. The more and more attempts you take on a daily basis, the more and more that juice will eat you up.

The 10% juice is the same as most betting vigs so it isn't that steep. You only have to win at a 52.4% rate to break even just like regular sports betting. Additionally, by playing FanDuel, you decrease the variance seen in a season long FF league which is the draw. How many of us drafted great teams and are already out of the playoffs? This decreases that likelihood. The 10% juice is the same as the 10% vig in a season long league, 10% of 100 is 10% of 100, but with a league, the payoff is much higher so you are looking at 900 in a winner take all format whereas you aren't going to win it all in FanDuel. But again, the point is to bring down your variance b/c there aren't enough years in my life to allow my supposed fantasy skills to emerge. And if I can win 100$ each year, I'll take that over 9 years of heartache and 1 year of victory. The problem with fanduel are players like Condia and the fact that it isn't a recreational site. When you bet on a football game, it is for the most part a 50-50 bet. But when you enter into FanDuel, you are entering against the Condia's and the David Dodd's of the world, i.e. the people who do this for a living. So it no longer becomes a 50/50 when presumably people like David Dodds know more than the average participant. You won't get the guys on FanDuel like you get in your fantasy league who is willing to throw $50/$100 on a league for recreation use and enjoyment all season.

 

[Kleck]

Betting the election paid for my Christmas.

 

[BoltBacker]

My five year old daughter would like to know what games you are playing in.

Tell her we're playing a drinking game. When someone pretends FanDuel isn't a gambling site, take a drink. When someone comes to a fantasy football site to complain about gambling, take a drink.

 

[LittleLarry]

The 10% juice is the same as most betting vigs so it isn't that steep. You only have to win at a 52.4% rate to break even just like regular sports betting.

Regular sports betting is around a 4.5% vig. So Fanduel is twice as bad as that. You are correct about the win rate to beat sides/totals betting.Most books are bet $11 to win $10. Book takes in $22, pays out the winner $21 and keeps $1 for itself. 1/22= .045But you're right - unless you're skilled enough to beat other highly skilled players, you'd be much better off just to take the Pats and lay the points.

 

[BoltBacker]

The problem with fanduel are players like Condia and the fact that it isn't a recreational site. When you bet on a football game, it is for the most part a 50-50 bet. But when you enter into FanDuel, you are entering against the Condia's and the David Dodd's of the world, i.e. the people who do this for a living. So it no longer becomes a 50/50 when presumably people like David Dodds know more than the average participant.

That actually is a great point. Although, I still say the field is much more level between the Condia/Dodds of the world and myself than it is with my 401k and all the people that "know things" but would never imagine of using that information to make millions of dollars using that information before it was made public.

 

[BoltBacker]

Most books are bet $11 to win $10. Book takes in $22, pays out the winner $21 and keeps $1 for itself. 1/22= .045

Ok, and FanDuel is bet $10 to win $9. I agree that is slightly more juice but, at least for me, it's much more fun that simply betting teams.I'm pretty sure people on this message board has a few people that purchase lottery tickets. Arguments on whether 5% or 10% vig are acceptable fall by the wayside pretty quickly when you consider people buy lottery tickets, go to movie theaters, or drink at bars for entertainment.

ETA Drinking game English.

 

[CapnJB]

My five year old daughter would like to know what games you are playing in.

Tell her we're playing a drinking game. When someone pretends FanDuel isn't a gambling site, take a drink. When someone comes to a fantasy football site to complain about gambling, take a drink.

She's more of a juice box girl though, however she did place 2nd in the light hybrid beer category with a Kölsch she helped me brew this summer. So she's got that going for her. Which is nice.

 

[sporthenry]

Most books are bet $11 to win $10. Book takes in $22, pays out the winner $21 and keeps $1 for itself. 1/22= .045

Ok, and FanDuel is bet $10 to win $9. I agree that is slightly more juice but, at least for me, it's much more fun that simply betting teams.I'm pretty sure people on this message board has a few people that purchase lottery tickets. Arguments on whether 5% or 10% vig are acceptable fall by the wayside pretty quickly when you consider people buy lottery tickets, go to movie theaters, or drink at bars for entertainment.

ETA Drinking game English.

Little, good catch on the math. I apologize, that does make the vig a bit harsher. Fanduel is really 10 to win 8. But FanDuel was the first one/best one in so that is somewhat expected. I'm sure there is a bit more work with salary cap than just setting lines but I've seen some forums ##### about the vig so I'd be surprised if you don't see a company come along with a smaller vig.

 

[Marauder]

Most books are bet $11 to win $10. Book takes in $22, pays out the winner $21 and keeps $1 for itself. 1/22= .045

Ok, and FanDuel is bet $10 to win $9. I agree that is slightly more juice but, at least for me, it's much more fun that simply betting teams.I'm pretty sure people on this message board has a few people that purchase lottery tickets. Arguments on whether 5% or 10% vig are acceptable fall by the wayside pretty quickly when you consider people buy lottery tickets, go to movie theaters, or drink at bars for entertainment.

ETA Drinking game English.

Little, good catch on the math. I apologize, that does make the vig a bit harsher. Fanduel is really 10 to win 8. But FanDuel was the first one/best one in so that is somewhat expected. I'm sure there is a bit more work with salary cap than just setting lines but I've seen some forums ##### about the vig so I'd be surprised if you don't see a company come along with a smaller vig.

Right. It's doubtful their current structure is sustainable long term. Right now there is so little competition and so many new players coming in that no matter how many players go broke the existing sites are going to continue to grow extremely fast for the short term but no doubt there will be tons of competitive sites popping up in the next year or so. I would expect this industry to change significantly over the next 5 years.

 

[BassNBrew]

I enter the contests from $10 to $270 starting on Tuesdays and just have place keeper lineups. I then optimize those before the start times after I have done further study.

David,I would be interested to see your weekly columns but have not been granted access. I was supposed to get the FBG subscription and fanduel designation when I signed up for fanduel. I emailed the folks at fanduel, but nobody ever responded.I mentioned this in another thread a couple of times and still no response. Is anybody reading this stuff?Please advise.Thanks

Same issue here. Never got an e-mail confirming the subscription. Not sure who to e-mail.

 

[[icon]]

Most books are bet $11 to win $10. Book takes in $22, pays out the winner $21 and keeps $1 for itself. 1/22= .045

11 t/w 10 (aka -110) is .091 or close to 10pct house edge

 

[[icon]]

Fanduel is really 10 to win 8.

Wat

 

[Marauder]

Most books are bet $11 to win $10. Book takes in $22, pays out the winner $21 and keeps $1 for itself. 1/22= .045

11 t/w 10 (aka -110) is .091 or close to 10pct house edge

At Fanduel you bet 10 to win 8. The juice is more than twice as high no matter how you want to do the math.

 

[mrip541]

After losing 3 weeks in a row due to injury I threw in the towel. Happy to see it's working out for somebody. When I think about heading back in all I need to do is check the guys registered for the contests I'm interested in. Same 7-8 guys over and over and over. The 2 I just checked have 11 registered and 9 of the same guys with thousands won are in both. It's like going to Vegas and only playing against the local sharks or having WSOP players at every poker table in every casino.

 

[Stealthycat]

christmas is suppose to be about religion and morality

that is rare in today's world ... anymore, Christmas is about getting all you can, lights, trees, charging the credit card bill up, eating yourself obese and watching NFL Footballand hopefully playing in a FF SuperBowl

 

[cvnpoka]

FanDuel is definitely not a gambling site. The Unlawful Internet Act provided a carve out for fantasy sports and FanDuel falls into that category.

Thats all well and good, but anyone with common sense knows fanduel is gambling, and its only a matter of time before it goes away like pokerstars.

like horse racing and state lottery?

 

[blend]

The only problem I have had so far with the relationship is the 2 weeks that they opened up the FBG's FD Championship up to the public, thought that was a bad deal for all FBG's members. I think that was more FanDuel's fault then anyone here, as they were trying to get every dollar they could out of a game that is clearly a FBG's only contest.

^^^ This. And how David refuses to address it with us. But hey we got a $200 freeroll out of it!!!11!1!

I'd like to know this too as one of the weeks I finished 11th... Curious to know if any of the guys in front of me were added after it was opened to the public. I didn't see other threads on here about it - but then I never really looked.

 

[[icon]]

Most books are bet $11 to win $10. Book takes in $22, pays out the winner $21 and keeps $1 for itself. 1/22= .045

11 t/w 10 (aka -110) is .091 or close to 10pct house edge

At Fanduel you bet 10 to win 8. The juice is more than twice as high no matter how you want to do the math.

H2H : Two people post $10 to win 18...They rake $2 out of a $20 pot... which is 10% rake. A Very standard amount.

 

[vuduchile80]

I enter the contests from $10 to $270 starting on Tuesdays and just have place keeper lineups. I then optimize those before the start times after I have done further study.

David,I would be interested to see your weekly columns but have not been granted access. I was supposed to get the FBG subscription and fanduel designation when I signed up for fanduel. I emailed the folks at fanduel, but nobody ever responded.I mentioned this in another thread a couple of times and still no response. Is anybody reading this stuff?Please advise.Thanks

I realize my post count might not warrant favored status here, but is it asking too much to have fan duel and FBG follow through on getting a client set up on their sites as they instructed?I've seen several others complain about outsiders entering the FBG only tournaments, and I've been trying to get access to them as a legitimate FBG member to no availWhat gives?Btw, call it what you want, but its definitely gambling.

 

[sporthenry]

Most books are bet $11 to win $10. Book takes in $22, pays out the winner $21 and keeps $1 for itself. 1/22= .045

11 t/w 10 (aka -110) is .091 or close to 10pct house edge

At Fanduel you bet 10 to win 8. The juice is more than twice as high no matter how you want to do the math.

H2H : Two people post $10 to win 18...They rake $2 out of a $20 pot... which is 10% rake. A Very standard amount.

But the rake on -110 (which is standard for sports betting) is only 4.545% whereas with Fan Duel it is 10%.In sports betting, you bet 11 to win 10. That means a winning bet with $11 brings you $21 whereas when you bet $10 on fanduel, a win only brings you $18. If you were to bet $10 at -110, you would be getting back $9.09 so you are betting $10 to win $19.09. 19.09>18

Additionally, to break even in professional sports, you have to win 52.4% of the time. You have to win 11 times for every 10 times you lose (11/21 times=52.4%). You win 11 times for a profit of $10 for $110 that you subsequently lose 10 times at a cost of $11. On fanduel, you have to win 10 times at $8 for $80 a piece while you can lose in 8 games at $10 a piece. That means you have to win at 10/18 which gives you 55.56% of the time.

I was originally confused b/c -110 seems like 10% vig but it is only 4.545% vig.

 

[David Dodds]

I enter the contests from $10 to $270 starting on Tuesdays and just have place keeper lineups. I then optimize those before the start times after I have done further study.

David,I would be interested to see your weekly columns but have not been granted access. I was supposed to get the FBG subscription and fanduel designation when I signed up for fanduel. I emailed the folks at fanduel, but nobody ever responded.I mentioned this in another thread a couple of times and still no response. Is anybody reading this stuff?Please advise.Thanks

Email me at dodds@footballguys.com so I have your email address and we will get you going. Not sure how this got dropped.

 

[hankd]

I've lost my ### the last 4 weeks...

Free rolls this week?

 

[Ignoramus]

I wonder what percentage of players are actually long term winners after rake. I'd guess 10%. The juice these sites charge is pretty exhorbitant.

Not only is the juice exorbitant, it is unbeatable for the vast majority of players over time.

It's no big deal letting your commish play for free in a 10 team league(10% juice) because the season takes 4 months. The more and more attempts you take on a daily basis, the more and more that juice will eat you up.

The 10% juice is the same as most betting vigs so it isn't that steep. You only have to win at a 52.4% rate to break even just like regular sports betting. Additionally, by playing FanDuel, you decrease the variance seen in a season long FF league which is the draw. How many of us drafted great teams and are already out of the playoffs? This decreases that likelihood. The 10% juice is the same as the 10% vig in a season long league, 10% of 100 is 10% of 100, but with a league, the payoff is much higher so you are looking at 900 in a winner take all format whereas you aren't going to win it all in FanDuel. But again, the point is to bring down your variance b/c there aren't enough years in my life to allow my supposed fantasy skills to emerge. And if I can win 100$ each year, I'll take that over 9 years of heartache and 1 year of victory. The problem with fanduel are players like Condia and the fact that it isn't a recreational site. When you bet on a football game, it is for the most part a 50-50 bet. But when you enter into FanDuel, you are entering against the Condia's and the David Dodd's of the world, i.e. the people who do this for a living. So it no longer becomes a 50/50 when presumably people like David Dodds know more than the average participant. You won't get the guys on FanDuel like you get in your fantasy league who is willing to throw $50/$100 on a league for recreation use and enjoyment all season.

There are a lot more David Duds on FD than David Dodds. Over the last ten weeks I've won in 69% of my 50/50s and I'm pretty dumb when it comes to fairy tale football. Of course, I play in lower $$$ games so my Christmas isn't going to be as sweet as Dodds' but I think there's money to be made.

 

[Project Mayhem]

Wonder if we will get David's picks before kickoff tonight. I've gone with most or all of his choices the past few weeks and have won pretty consistently.

Thanks Dodds!

 

[gebz306]

Started with the free roll last year. Up to $100 after 5 contests. Going tomtrynto double it again! For conversation sakes Ill post my squad after the start of tonights game!