GG Posted November 11, 2015 Posted November 11, 2015 The NHL as a league invested something like $300,000 into these sites. How is that not a conflict of interests? It's not because NHL is investing in a site that will promote more interest in the players & the sport. The conflict would only come if for some reason the NHL starts influencing the games to give certain players advantage in points. I don't see that happening.
DasNootz Posted November 11, 2015 Posted November 11, 2015 (edited) I've played for 2 years with modest casual success (turned $200 into $1200 playing NFL games cash games only). Bottom line, it's speculation and not investment. You have some idea of what it takes to build a successful lineup, but you have no control over the outcome. All you can do is put yourself in the best possible position to take advantage of luck. Like anything in life, those that put in the most resources (time, knowledge and money) have the opportunity to be the biggest winners and should be able to eek out an advantage over those that are more casual. To that extent, I see it no differently than internet poker. I believe that both should be legal with heavy government oversight to make sure that those on the inside are taking only the rake and nothing more. Both have failed once either perception or reality showed that the industry itself was stealing from the consumer. In theory both should be largely profitable without enterprises without having to steal, but greed is greed. It is far less "luck" dependent than the lotto or scratch offs. It's also much less likely to impact the outcome of events than typical sports betting or horse racing, where one person or one team can significantly impact the outcome if paid off. *for the record - I do not believe that the "scandal" earlier this season was cheating, but without checks and balances in place, there's was nothing in place to prevent something more sinister from occurring. It's a shame that the AG has ignored the steps that have taken place between that date and yesterday. The government also gets taxes on any earnings over $600 in a given year, and the luxury of not allowing the losers to claim losses unless they're a professional gambler. Edited November 11, 2015 by DasNootz
reddogblitz Posted November 11, 2015 Posted November 11, 2015 I think it's funny/interesting how they call it a one week fantasy league instead of what it is. gambling. It's like how Uber calls a taxi service "ride sharing" to avoid Taxi laws. FanDuel/DraftKings are selling gambling . They sell the adrenaline rush and thrill. That's because you're gambling. It also makes me a little uneasy with the NFL getting into bed with gambling. Especially since it would be a lot easier for refs to control one players output than it would be to ensure that a certain teams wins or loses. Whether gambling should be legal is another question. However, they are just flat out lying as to what they're selling.
DasNootz Posted November 11, 2015 Posted November 11, 2015 I think it's funny/interesting how they call it a one week fantasy league instead of what it is. gambling. It's like how Uber calls a taxi service "ride sharing" to avoid Taxi laws. FanDuel/DraftKings are selling gambling . They sell the adrenaline rush and thrill. That's because you're gambling. It also makes me a little uneasy with the NFL getting into bed with gambling. Especially since it would be a lot easier for refs to control one players output than it would be to ensure that a certain teams wins or loses. Whether gambling should be legal is another question. However, they are just flat out lying as to what they're selling. If the refs could manipulate a game for 1 player, it would have very minimal impact on those lining the pockets of the ref. Best case scenario is that Hedge Fund X puts $1 million dollars into lineups with Karlos Williams exclusively, and the refs do what?... agree not to call holding on his TD runs? Do they collectively agree to call holding on TD runs by all other RBs in the league in vast conspiracy? I think its much easier and plausible for a ref to ensure a certain team wins or loses vs a point spread.
Tsaikotic Posted November 11, 2015 Posted November 11, 2015 I still have nightmares with that annoying announcer's voice saying "Faaaaaan....10. Once again the codeword is FAAAAAAN....10." Or whatever. Radio ads are generally annoying as all hell, but those Fanduel ads are among the worst of all time. And that includes VW of Orchard Park's "German Comforteering" campaign that made me want to go strangle kittens. what about " Zoom..Zoom"..lol
Buffalo Barbarian Posted November 11, 2015 Posted November 11, 2015 ny wasn't getting money so they shut em down, once they get their payoff I'm sure they will be legal again
billykaykay Posted November 11, 2015 Posted November 11, 2015 I've played for 2 years with modest casual success (turned $200 into $1200 playing NFL games cash games only). Bottom line, it's speculation and not investment. You have some idea of what it takes to build a successful lineup, but you have no control over the outcome. All you can do is put yourself in the best possible position to take advantage of luck. Like anything in life, those that put in the most resources (time, knowledge and money) have the opportunity to be the biggest winners and should be able to eek out an advantage over those that are more casual. To that extent, I see it no differently than internet poker. I believe that both should be legal with heavy government oversight to make sure that those on the inside are taking only the rake and nothing more. Both have failed once either perception or reality showed that the industry itself was stealing from the consumer. In theory both should be largely profitable without enterprises without having to steal, but greed is greed. It is far less "luck" dependent than the lotto or scratch offs. It's also much less likely to impact the outcome of events than typical sports betting or horse racing, where one person or one team can significantly impact the outcome if paid off. *for the record - I do not believe that the "scandal" earlier this season was cheating, but without checks and balances in place, there's was nothing in place to prevent something more sinister from occurring. It's a shame that the AG has ignored the steps that have taken place between that date and yesterday. The government also gets taxes on any earnings over $600 in a given year, and the luxury of not allowing the losers to claim losses unless they're a professional gambler. I think you can claim losses against winnings.
KD in CA Posted November 11, 2015 Posted November 11, 2015 The government also gets taxes on any earnings over $600 in a given year, and the luxury of not allowing the losers to claim losses unless they're a professional gambler. Sidebar: The state (and feds) are supposed to get taxes on every dollar. Just because there's no obligation for DK to send you a 1099 if your proceeds are under $600 doesn't mean you aren't supposed to report those earnings (net of losses) and pay taxes on them.
Kkspike Posted November 11, 2015 Posted November 11, 2015 I play fan duel and it's so easy.i put down $25 and in three weeks I rolled it into $432,653.22
mannc Posted November 11, 2015 Posted November 11, 2015 (edited) Please ban them, if only so I never have to see or hear another Draft Kings or FanDuel commercial! +10000000 Edited November 11, 2015 by mannc
simpleman Posted November 11, 2015 Posted November 11, 2015 The question is not are they legal or not. They are gambling. Which is illegal unless specifically authorized by state law. If you want gambling to be legal, work within the system to legalize gambling. Until then, they are gambling, which is illegal. I do believe that all NFL owners, employees (including refs, players, coaches) should be banned from having an interest in Football gambling. The temptation and the risk is too great. I read where the two companies in question make more than the NFL does per week during the season.
GG Posted November 11, 2015 Posted November 11, 2015 The question is not are they legal or not. They are gambling. Which is illegal unless specifically authorized by state law. If you want gambling to be legal, work within the system to legalize gambling. Until then, they are gambling, which is illegal. I do believe that all NFL owners, employees (including refs, players, coaches) should be banned from having an interest in Football gambling. The temptation and the risk is too great. I read where the two companies in question make more than the NFL does per week during the season. It is a lot closer to investing than it is to gambling. Just because you are putting money into a venture that may pay out a higher amount does not make it gambling. Why do you think that the earlier outcry was likened to insider trading? Fantasy games have a measure of luck, but there is much more skill involved than pure luck.
bobobonators Posted November 11, 2015 Posted November 11, 2015 This is where I disagree. It is 10% thought and 90% luck. If I choose Blake Bortles and he throws 2 TDs against the Rams You chose Aaron Rodgers and he gets hurt. You were just unlucky there even though we both put thought into it. I hear ya. Luck is required in any league - whether it be seasonal or daily - but at the end of the day, there's no doubt in my mind that over the long run, the cream rises to the top in terms of "talent" or "skill" when it comes to certain people playing fantasy leagues. When I was younger, I had my own formulas for selecting players in MLB roto 5x5 leagues and I'd finish top 3 in roughly 70% of the leagues I joined over the years. Without question, much of that success was also due to the time I dedicated towards those fantasy leagues and I simply stopped playing b/c as I got older I just couldn't dedicate that much time to playing fantasy baseball anymore. But in every fantasy league you always have three kinds of people: 1. those that are relatively clueless when it comes to strategy in fantasy sports but play b/c they still think it's fun 2. those that do know what they're doing and do have a gameplan but life gets in the way and they simply can't dedicate the needed time to dominate or win consistently 3. and those that have both the time and the strategy in place to win or place near the top of their leagues on a consistent basis In the end, all of these fantasy leagues will be legal folks - there's just too much demand and too much money involved for them not to be. But yeh, I hate the commercials.
Nihilarian Posted November 11, 2015 Posted November 11, 2015 Please ban them, if only so I never have to see or hear another Draft Kings or FanDuel commercial! On the way to the opener from Vermont we listened to Sirius NFL, then to GR55, I must have heard about 50,000 ads for those two companies. Then when I walked into the Ralph to be greeted by another 1,0000 FanDuel signs I REALLY thought my head was going to explode... But anyway, have you guys heard about these one week fantasy leagues where you can earn real cash?? Good lord I'm so sick of those commercials.
RJ (not THAT RJ) Posted November 11, 2015 Posted November 11, 2015 The hypocrisy is pretty bad. You can walk in almost any bar in WNY and find a Keno machine to play or buy scratch-off tickets out of a vending machine. Can't tell you how many times I've been stuck behind someone buying hundreds of dollars worth of Lottery tickets at the gas station register. You are missing the point. All those lottery games are regulated. Draft Kings and FanDuel are making money in part because they are escaping the costs of actual regulation by pretending not to be gambling. That's the problem, not any alleged hypocrisy.
bobobonators Posted November 11, 2015 Posted November 11, 2015 You are missing the point. All those lottery games are regulated. Draft Kings and FanDuel are making money in part because they are escaping the costs of actual regulation by pretending not to be gambling. That's the problem, not any alleged hypocrisy. Cbs, espn, yahoo and countless others have been making money on countless forms of fantasy sports over the years and those are legal and not regulated by a governing body. This is all a dog and pony show. Don't make it out to be about regulation.
Protocal69 Posted November 11, 2015 Posted November 11, 2015 (edited) You are missing the point. All those lottery games are regulated. Draft Kings and FanDuel are making money in part because they are escaping the costs of actual regulation by pretending not to be gambling. That's the problem, not any alleged hypocrisy. But that's the thing I'm not sure they are making money. Yes they bring in a lot of money but they spend it away on commercials and advertising because they need to bring in more fish (newbies)to add to their rake. They have investors that have invested 100's of millions of dollars on each site who are looking for ROI Edited November 11, 2015 by Protocal69
KD in CA Posted November 11, 2015 Posted November 11, 2015 You are missing the point. All those lottery games are regulated. Draft Kings and FanDuel are making money in part because they are escaping the costs of actual regulation by pretending not to be gambling. That's the problem, not any alleged hypocrisy. The costs of regulation....lol. I assume that would be the cost of NY State hiring five items as many useless employees as necessary to mismanage the whole operation if they were running it? NYS -- the same brilliant folks who managed to bankrupt a horse race betting operation.
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