Draft Kings Scandal

[Tenshot13]

I read that article yesterday and it was a pretty good read. Since we have two guys playing, I'm curious if they even considered there were guys out there making that many entries. It was something I had thought about but I am an immediate skeptic usually and this was a main reason I didn't want to invest any money in the game.

I never considered it, nor do I care.  I put in $25 dollars.  I'm doing $1 and $2 tournaments with 100k+ people.  If I'm in the money, great.  If not, it's still fun.  There are worse stuff you can waste your money on.

[Brian Fein]

^^ exactly.  I'm not playing for million dollar prizes here.  I play the leagues where they pay out 100k places.  I've won money every week I've played.  I'm looking to win $5-10 each week - maybe I get lucky and win more, maybe I don't.  Most of all, its fun and keeps my interest.

At the end of the day, as with any casino or anything else - never play with more than you're willing to lose.  I won $40 the first week and I've been playing with their money since then.  I don't care if I have no shot at a million bucks, but if I can place 20,000th and win $100, I'm freakin thrilled.

[MyGodWearsAHoodie]

Even if the games were completely above board, the house taking 25% is much worse than a straight bet ona team or what you would get playing almost all casino games.

Do this instead, find other like minded people (eg your regular ff league) play the same game but instead of sending to fd or dk, winner take 60, 2nd 30, 3rd 10.

[MyGodWearsAHoodie]

Florida residents will soon be joining other states residents that can't play this.

[Tenshot13]

Florida residents will soon be joining other states residents that can't play this.

Link?

[MyGodWearsAHoodie]

I have trouble doing links on my tablet, but pft had a story about a fla grand jury.

[Phishfan]

Basically Florida's law is very loosely written and daily fantasy is being investigated as already being illegal in the state.

http://profootballtalk.nbcsports.com/2015/10/10/report-florida-grand-jury-investigating-daily-fantasy-operators/

[MikeO]

http://www.syracuse.com/sports/index.ssf/2015/10/fantasy_sports_sites_shut_down_nevada_draftkings_fanduel.html#incart_river_home

They are out of Nevada for the time being now.

[Dave Gray]

The Daily Show did a pretty interesting piece about this scandal and how it's very similar to the stock market and why it needs regulation.

They interviewed a guy who has 400+ leagues a day run with complicated algorithms and has won something like $150K over the last two years.

[Brian Fein]

The only reason Nevada banned them (which really they didn't) is because they want a piece of the action.  They require them to get a gambling license.  The state that runs more online sports books than any other banned Draft Kings and Fan Duel.  Interesting.  Its all about money.

Its sad to me that these sites are so under the microscope.  If they go away, that's fine, but I'll be sad.  Its fun, and I wholeheartedly disagree that the outcomes are random.  I challenge anyone to get their mom to sign up and see how she does.  My mom would come in last freakin' place.  Odds of winning are not the same for everyone.  It isn't a game of chance.

[Dave Gray]

^ You're right, the odds aren't in everyone's favor.  You can use computers and inside information to tip the scales to where the average Joe just playing with his regular knowledge can't possibly compete on a level playing field.

There's a reason that gambling has regulations, Brian.  Casinos are under high levels or scrutiny.  They can't just do whatever they want.  People would get scammed out of all their money without recourse.

[MyGodWearsAHoodie]

It's gambling.  Completely random like playing picking squares for the superbowl? - no. 

But no significantly different than playing a pool where you pick which team will win every game for the week and the person who gets the most right wins. 

Fantasy sports is gambling!  That it requires some skill doesn't change that. Poker requires skill and that is gambling.  And while I don't have a problem with legal gambling it must be regulated to prevent abuse.   

[Spider-Dan]

Its fun, and I wholeheartedly disagree that the outcomes are random.  I challenge anyone to get their mom to sign up and see how she does.  My mom would come in last freakin' place.  Odds of winning are not the same for everyone.  It isn't a game of chance.

I doubt your mom would win a poker tournament, but that's still classified as "gambling."

[Brian Fein]

I don't think my post ever said "I don't consider it to be 'gambling'"  But gambling isn't always the same.  If you join a 50/50 raffle or enter in a contest to win a cruise - is that gambling?  Sure it is.  But who cares?  No one is telling the 8th graders at Horizon Middle School that they must be regulated to sell raffle tickets.  Because they aren't making millions a week in profit. 

Its always about people with their hands out wanting a piece of the money.  I never said I was against regulation, but don't think that Nevada's recent action has anything to do with "right and wrong."

[MyGodWearsAHoodie]

I don't know about Florida,  but in Massachusetts if the middle school pta wants to hold a 50 50 raffle they must file paperwork with the state for it to be legal.