CountDorkula Posted November 17, 2015 Author Posted November 17, 2015 Well I just won $2667 last night on Fanduel NBC Sunday Night, Monday Night football tourney. Entry fee was $5.00 Hopefully you withdrew that money........... I played both FanDuel and DraftKings for $20 each... DraftKings lost but my FanDuel account has $45 so I'm $5 up on the year. I really enjoy picking a line up and playing new teams each week. My NFL.com Fantasy leagues are great, but playing a few bucks with a chance to win 20k or 50k is exciting. I love it and see this as a skill game and challenge. I think the states are just jealous that so much revenue is being made without them getting their cut, so they are trying to shut it down and figure out a way to cash in. All harmless fun and a great way to enjoy a football weekend. A) its very little skill in one week and more of a luck thing. Basically one hand of poker and not an entire game of poker. B) They should be getting a cut.
KD in CA Posted November 17, 2015 Posted November 17, 2015 Hopefully you withdrew that money........... A) its very little skill in one week and more of a luck thing. Basically one hand of poker and not an entire game of poker. B) They should be getting a cut. How are the states not getting a cut? Aren't these companies paying income taxes, payroll taxes, property/rent tax, etc.? NYS isn't asking for their 'fair share', they're just trying to muscle in on the business like a mob boss.
K D Posted November 17, 2015 Posted November 17, 2015 I bet that NY won't be able to stop online gambling. There are ways around it
KD in CA Posted November 17, 2015 Posted November 17, 2015 I just noticed the TOS on FD restrict several states: Arizona, Iowa, New York, Louisiana, Montana, Nevada or Washington.
Protocal69 Posted November 17, 2015 Posted November 17, 2015 (edited) Hopefully you withdrew that money........... A) its very little skill in one week and more of a luck thing. Basically one hand of poker and not an entire game of poker. B) They should be getting a cut. Yeah I just put the request in this morning. I had fill out this verification form, so hopefully thay dont pull no BS. So how it works now for players in NYS is that they are not taking any new deposits, but if you got money in the site already you can still put together lineups. Edited November 17, 2015 by Protocal69
stony Posted November 17, 2015 Posted November 17, 2015 Yeah I just put the request in this morning. I had fill out this verification form, so hopefully thay dont pull no BS. So how it works now for players in NYS is that they are not taking any new deposits, but if you got money in the site already you can still put together lineups. That's pretty cool, and congrats. You should keep $50 in just in case you get the itch to play again. Pretty good odds I would imagine you could turn that into like 2 million based off the TV adds.
1st&ten Posted November 17, 2015 Posted November 17, 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 Well apparently you are good at this type of gambling. However, for every winner their has to be hundreds of losers.
simpleman Posted November 18, 2015 Posted November 18, 2015 Well apparently you are good at this type of gambling. However, for every winner their has to be hundreds of losers. According to DK's prospectus in it's offering to investors, 90% of it's players lost money in the years of 2013 & 2014.
What a Tuel Posted November 18, 2015 Posted November 18, 2015 (edited) I bet that NY won't be able to stop online gambling. There are ways around it There are ways to do a lot of things online illegally. But if you make it inaccessible enough, then the masses won't bother. I just noticed the TOS on FD restrict several states: Arizona, Iowa, New York, Louisiana, Montana, Nevada or Washington. FanDuel also says this now on the homepage - As of 2:30 PM EST, we are temporarily restricting paid entries from users located in New York. Edited November 18, 2015 by What a Tuel
CountDorkula Posted November 18, 2015 Author Posted November 18, 2015 According to DK's prospectus in it's offering to investors, 90% of it's players lost money in the years of 2013 & 2014. Yeap people get hooked in on the Million dollar contests and dreaming about winning that money. What they don't realize is there are sharks out there who put in 200 entries into those contests. Spending $4,000 ($20 contest). Your 1-2 entries stands little to no chance.
stony Posted November 18, 2015 Posted November 18, 2015 (edited) Yeap people get hooked in on the Million dollar contests and dreaming about winning that money. What they don't realize is there are sharks out there who put in 200 entries into those contests. Spending $4,000 ($20 contest). Your 1-2 entries stands little to no chance. Yup, and it's often more than that. They'll spread $20,000-$30,000 easy over the max amount of entries in the big money games as well. I suppose this isn't "rigged", but you're playing against an algorithm. Edited November 18, 2015 by stony
Big Gun Posted November 18, 2015 Posted November 18, 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 Bull crap, no you didn't!
What a Tuel Posted November 18, 2015 Posted November 18, 2015 (edited) Bull crap, no you didn't! Especially when the dollar amounts for prizes are usually even, and not so random as that number, so unless he is doing the tax math for us.....I call BS too. 1st $300,000 2nd $100,000 3rd $70,000 4th $50,000 5th $35,000 6th $25,000 7th $20,000 8th $15,000 9th - 10th $10,000 11th - 13th $7,500 14th - 17th $5,000 18th - 22nd $4,000 23rd - 28th $3,000 29th - 35th $2,500 36th - 45th $2,000 46th - 55th $1,750 56th - 65th $1,500 66th - 80th $1,250 81st - 100th $1,000 101st - 140th $750 141st - 200th $500 201st - 300th $400 301st - 500th $300 501st - 750th $250 751st - 1000th $200 1001st - 1500th $175 1501st - 2000th $150 2001st - 2750th $125 2751st - 4000th $100 4001st - 7000th $75 7001st - 12500th $60 12501st - 21840th $5 Not to mention, I bet he just doesn't do it often because it's too easy and boring for him to bother with it every week. Edited November 18, 2015 by What a Tuel
KD in CA Posted November 18, 2015 Posted November 18, 2015 According to DK's prospectus in it's offering to investors, 90% of it's players lost money in the years of 2013 & 2014. I presume that was in the 'Risk Factors' section. LOL I'd love to know what their churn rate and average customer duration numbers look like.
BADOLBILZ Posted November 19, 2015 Posted November 19, 2015 Well apparently you are good at this type of gambling. However, for every winner their has to be hundreds of losers. Guy With One Tooth Wins $2 Million On Draft Kings
Saxum Posted November 19, 2015 Posted November 19, 2015 http://www.reuters.com/article/2015/11/18/us-fantasysports-new-york-yahoo-idUSKCN0T709V20151118 Yahoo a new target in NY daily fantasy sports probe: source ... www.reuters.com/.../us-fantasysports-new-york-yahoo-idUSKCN... Reuters 20 hours ago - Yahoo, which operates a daily fantasy sports site, was issued a subpoena by Schneiderman,
Steve Billieve Posted November 19, 2015 Posted November 19, 2015 Betting at these sites definitely isn't gambling. Winning regularly is not related to luck. The reason I don't think it should be legal is I don't think it's related to skill either, its related to knowledge and computer algorithms that most people don't have access too. It's a swindle.
Protocal69 Posted November 19, 2015 Posted November 19, 2015 (edited) That's pretty cool, and congrats. You should keep $50 in just in case you get the itch to play again. Pretty good odds I would imagine you could turn that into like 2 million based off the TV adds. Thanks Stony I appreciate that. I did what you suggested and kept 100.00 in the account. Now the next day the banned everything from NYS. I'll either withdrawal that 100.00 or wait until the 25th and see what happens then. Edited November 19, 2015 by Protocal69
Marv's Neighbor Posted November 19, 2015 Posted November 19, 2015 What's wrong with NYS? Let em play AND tax thew as* off them. It's the NY way!
17 Josh Allen Posted November 19, 2015 Posted November 19, 2015 (edited) In poker your given random cards at the start of your hand. So the game is out of your control at the start of each game or hand or contest. Then you adjust based on the hand your dealt. This is a total random event. In Daily Fantasy sports everyone starts with a clean blank slate. You draft players to fit in a salary cap. Daily Fantasy sports does take skill to make your lineups and look for trends, injuries and match ups that you can take advantage of such as Kurt Cousins this last week. I used him against the Saints ( Great Match up at home against the worst pass defense.) and Cousins threw 4tds and was one of the top QB's on Fan Duel and Draft Kings if you put him on your roster for your games you probably did well. So if Fan Duel were to deal you a line-up like a quick pick and you were stuck with that line up that would be gambling. Now imagine having to play that quick pick line up against me who studied for 5 hours and made lineups that we're adjusted to take advantage of my selected players who have great match ups vs your quick pick of Geno Smith vs Seattles Def. Who do you think is likely to win. In season long fantasy sports, money is entered in a contest and paid out to fellow contestants. You play over a season long period. Your stuck with the players you drafted, But if your good you will cut and trade players and make free agent pick ups and get your team into the playoffs. Yes it's a strategy based game (season long) but playing Daily fantasy sports takes more effort then season long fantasy. If your playing NBA you better have your Twitter feeds for NBA beat writers and NBA reporters so you know who are the late scratches and who is in the starting line-up. Same thing in NHL daily fantasy you need to know line combinations and injuries and match up weakness and so on. Now a word about gambling in general. When you are playing fantasy sports skill games against other people around the world this is a game against other contestants, your not playing against Fan Duel or Draft Kings. If you place a bet on the bills over the pats with the bills getting 7 points at sports book in Las Vegas, who do you think gets to keep that money if you lose your bet. You guessed it the casino. In Daily fantasy sports fan duel and draft kings does not get any of the money on who wins a head to head contest or a 50/50 contest or a large tournament where a half million people put in $25.00 and the first place prize is 1 million. So Fan Duel and Draft Kings get money from entrance fees to each contest so they can run there web sites and computers and pay there employees. So I think the NYS attorney general is going to have a hard time winning in court if he thinks that it's ok for season long fantasy football to be legal but not daily fantasy football. Note money is still changing hands. In season long Fantasy Leages I am playing against other contestants just like in daily fantasy football on draft kings. In my season long league money is paid out from the other contestants entrance fees . CBS sportsline charges my work league $125.00 a year to run are season long league so we could log on a see are scores in real time. How is that different then draft kings taking 1 dollar so I can enter a contest, so then I can log onto there site to watch my players just like on CBS sportsline, again I wining money from other contestants in my daily fantasy contest just like I do in my season long fantasy football league contest. So it's the same thing money is won from each other not the company who is running the contests CBS sportsline charges are leagues and millions of other season long leagues $125.00 to run there leagues, fan duel charges 50 cents or a dollar to enter a contest for fees to run the league or contest just like CBS sportsline or Yahoo or ESPN who take in Millions of dollars in advertising to run these season long leagues. Don't get mad at draft kings and fan duel because the used the 2007 Internet Gambling act law that was passed by president Bush the made fantasy sports legal. The NYS AG can't have it both ways either all Fantasy Sports illegal or it's not. Then the real topper is the NYS AG says that Draft Kings and Fan Duel are running a illegal book making operation. So his solution is to make it so NY state residents can't play. But he said fan duel and draft kings can stay open for business and except bets from 43 other states. The computer servers that fan duel excepts bets on are located in NYC. So let me get this straight. if I was running a illegal book making operation out of my house and the NYS AG arrested me or shut me down in NYS do you think he would say it's ok to keep taking bets from ohio and New Jersey and Michigan. Of course not, this whole this is f#%ked up and stinks to high heaven. There is a reason the leagues NFL, MLB, NBA and NHL love fantasy sports it because it brings in viewers. I never cared to watch NBA much now I have NBA league pass and watch games I never thought I would watch like the Sac kings at Orlando I had players in that game. oh by the way I won $60.00 in my skill based fantasy NBA contests last night and I did not win my money from Draft kings I won it from other contestants from around the USA that entered. So to close many other states are passing bills and are going to regulate and tax it. I know NJ is and Flordia just passed a bill. So mean while back in NY the AG is trying score political points. There is already a bill in NY state that will be completed in January when the law makers come back. Mean while daily fantasy sports have been operating In NYS since 2009. So where was the NYS AG the last 6 years. maybe to busy taking political contributions from the casino and Indian gambling interest. Gov Chris Chrstie said it best we have all this other stuff going on in the world and we're taking about Fantasy Football. The NY AG could have waited until January for the Bill to pass to make it conform to NYS standards. But this guy thinks he is going to be Governor so he's grand standing. But as far as federal law fantasy sports was made legal with the passage of the Internet gambling act and law of 2007 that President George Bush signed into law that allows fantasy sports to be played over the Internet. Hopefully you withdrew that money........... A) its very little skill in one week and more of a luck thing. Basically one hand of poker and not an entire game of poker. B) They should be getting a cut. Edited November 19, 2015 by billsareback
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