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Adam Schefter @AdamSchefter
Stat from @CSURAM88 that shows the state of the fantasy world: @DraftKings will spend more money this year on TV advertising than McDonalds.
Anybody play these weekly fantasy games?
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Adam Schefter @AdamSchefter
Stat from @CSURAM88 that shows the state of the fantasy world: @DraftKings will spend more money this year on TV advertising than McDonalds.
Anybody play these weekly fantasy games?
I've done both FD and DK, and in both instances, it kind of depends on what you play. They both have large participation games (hundreds/thousands of entries) that are long odds and others that are - well, let's just say "better" odds. Typically the big money payoff games (spend $3 and win $100,000) will pay around 20 percent of the entrants with the vast majority of those ending up doubling or close to doubling their money. It's obviously very very top-weighted, and it doesn't take very long to get to those smaller payoffs. But both sites also have double up games and 50/50 games. In the double up's approx. 45 percent of the entrants exactly double their entry fee. In the 50/50's, half the field wins, but it's less than double. The exact return varies by the amount of entry fee, with the lower fees starting at 80 percent (win $4 on a $5 entry fee) to close to close to 90 percent when you get in the mid 3 and 4 figure entry fees. The return on 50/50's can also vary a bit from one site to another, so you might shop around a bit for a better return (although if you do find a site you like, be prepared to see one of the big 2 buy it up sometime down the road). In both the double-up games and the 50/50 games, all winners get the same payoff, so it's no better monetarily to finish first in a 50/50 of 100 people than it is to finish 49th or 50th.Been playing FanDuel the last couple of years. Do most of my winning playing 1-on-1 or small 5-10 team leagues against friends, but winning any big money where there's hundreds of players is kinda like playing the lottery. You've got to basically pick all 9 players to score big like you have to pick 6 numbers to win the lottery, so overall I probably end up in the red.
Howard Stutz Verified account @howardstutz
BREAKING: Nevada Gaming Control Board bans daily fantasy sports websites from Nevada. Says it's gambling Story coming @reviewjournal #RJnow