FBI/DOJ Investigating FanDuel/DraftKings (1 Viewer)

tommythecat

tommythecat

Flush
Joined
Nov 3, 2014
Messages
1,476
Reaction score
934
Location
Homer Glen, IL
if youre interested in the legality of online game, including poker, casino and DFS, try following Chris Grove on Twitter, he is the leading source for all news related to these topics, good follow if you ask me

https://twitter.com/OPReport
 
Thanks for the twitter tip. I need news updates from someone other than the PPA, who keeps telling me how sunny it is when I'm living on the leading edge of a hurricane.
 
While I think people should spend their money however they want, it bugs me to no end that Fan Duel is siding with Sheldon Adelson with the online poker/gambling ban, while trying to keep DFS legal because there it is a game of skill.

And the ad bombardment. Holy hell, the ad bombardment...
 
The chick in the toga in last years commercials was smoking hot
 
not to go down this road again, but DFS is a game of skill, much to the same degree as poker, maybe one is larger than the other, but not substantially. I personally think its BS that DFS runs unregulated essentially and poker got shut down, but i digress,
 
There was a study recently (by CNBC) that inferred that poker was more skill based than DFS. The reason "pros" cash more is because they buy by far more entries, and since places like Draft Kings and Fan Duel are pumping in extra $$$ (they're not hitting the "guaranteed" numbers, so they pony up the diff) it makes buying the pot +EV

The caveat being that since DFS is still in it's infancy, the "pros" are still rookies as well. Online poker didn't see much difference between "pros" and amateurs in the early online days. Then "actual" pros became involved.

As for me, I see the skill needed to win. I also understand the skill in betting horses or any other sports betting, as well as stock or derivatives plays. It just grinds me that some things are more legal than others.
 
I'm curious what would happen if DFS sites started running tournaments where players were limited to a single entry, like in poker (not 100% sure, but it seems they're all unlimited at the moment, right?). How much would that take away from the skill edge that the DFS pro's gain from simply buying more of the field / using algorithms to out-"combinate" the recreational players.
 
MrBo said:
I'm curious what would happen if DFS sites started running tournaments where players were limited to a single entry, like in poker (not 100% sure, but it seems they're all unlimited at the moment, right?). How much would that take away from the skill edge that the DFS pro's gain from simply buying more of the field / using algorithms to out-"combinate" the recreational players.
Click to expand...
Vast majority of tournys are multi-entry but both sites have single entry games with 6-figure payouts guaranteed.

Off the top of my head FD has $1 w/ $200,000G.., $2 w/ $150,000G.., $5 w/ $175,000G and DK has a $3 w/ $100,000G. There may be more at micro levels and I'm sure there are more at higher levels.

The sites would never go to strictly single entry unless they were forced to, their profits would go down 95% and the big money guarantees would all go away.
 
DK and FD officially out of Nevada, they were given a cease and desist order earlier tonight until they have proper gaming licenses in the state
 
I agree that the DFS should be legal along with other sports betting, poker, etc. The media blitz makes me think that they know they are living on borrowed time and are just trying to suck up every extra dollar they can before the axe drops.

Edit: It also makes me wonder who has more ads on TV right now...politicians or DFS. A very quick google search didn't turn up any immediate results.
 
DrStrange said:
Thursday night - Nevada orders all daily fantasy leagues to close until they are granted a gambling license for operations in the state.

DrStrange
Click to expand...

I guarantee it was after watching the Falcons Saints game last night, it was literally every other commercial, and it was the same stupid commercial with the dumpy guy carrying the kid oblivious to the fun party going on around him starring blankly at his phone. Head of the Nevada gaming commission probably got as pissed off as I did, fired off an email to his buddies -aka fellow commissioners, and put the ban hammer on it. That's how I would like to think it happened, not with a bunch of lawyers trying to figure out how they can make money for themselves and the state.
 

Create an account or login to comment

You must be a member in order to leave a comment

Create account

Create an account and join our community. It's easy!

Register

Log in

Already have an account? Log in here.

Back
Top Bottom
Cart

Cart

Total -