Draft Kings

The government should protect you from such activities. (Unless they can figure out how to get a bigger cut of the action, then it will be ok.)

 

So daily fantasy sports are basically the markets on crack.

 

Just thought the same thing. How is that different from high-volume stock trading?

 

Damn, that was good.

The money shots:
For the 17 weeks I played D.F.S., whether at a $5 entry fee or for $100, I routinely was matched up against top players. But unless I examined win rates and researched the strengths and weaknesses of my opponents, I would never have known that I was being repeatedly bumhunted by high-volume players.

On Dec. 16, for example, I entered three $20 N.B.A. head-to-head contests on DraftKings. My opponents were gunz4hire, Dinkpiece and Nadia4Fashion. Gunz4hire was then ranked 47th on the Rotogrinders players ranking and is generally considered one of the better players in the world. Dinkpiece, who was 20th on that same list, is the alias for Drew Dinkmeyer, a former stock trader whose winnings in D.F.S. have been so well publicized that he has his own Wall Street Journal stipple drawing.

On Christmas, the biggest day in the N.B.A.’s regular season, I entered 17 head-to-head contests on DraftKings for prices between $1 and $20. Once again, I was matched up against Dinkpiece and gunz4hire, along with a handful of other professionals.

The next day, I entered three more $20 N.B.A. contests. I was able to avoid Dinkpiece and gunz4hire, but found myself in a $20 head-to-head against Birdwings, the 2nd-ranked player in the Rotogrinders rankings.

In three days, I played three of the best D.F.S. players in the world.

 

http://deadspin.com/actually-daily-...source=deadspin_twitter&utm_medium=socialflow

 

ESPN ends exclusive advertising deal with DraftKings

 

Saw this at the end of Outsidee the Lines today. Bob Ley cited "numerous reports" then said ESPN refused to comment.

 

Uh-oh. Fox says the value of its investment in DraftKings fell by $95 million -- in six months.

Fox cuts value of DraftKings stake by 60 percent - The Boston Globe

 

Sounds like folks have figured out that its a sucker's game.

 

BUMP - Large piece from The Mag about the rise and fall of Draft Kings and Fan Duel. I'm only about halfway through it, but some interesting stuff so far. It does go into how, if you don't have a huge bankroll and can play hundreds of lineups, you don't have much of a chance.

The inside story of the quick rise and quicker fall of DraftKings and FanDuel