lilredrooster
lilredrooster
Joined: May 8, 2015
  • Threads: 184
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October 6th, 2015 at 3:39:31 AM permalink
http://www.nytimes.com/2015/10/06/sports/fanduel-draftkings-fantasy-employees-bet-rivals.html?hp&action=click&pgtype=Homepage&module=second-column-region&region=top-news&WT.nav=top-news
"𝘣𝘦𝘭𝘪𝘦𝘷𝘦 𝘩𝘢𝘭𝘧 𝘰𝘧 𝘸𝘩𝘢𝘵 𝘺𝘰𝘶 𝘴𝘦𝘦 𝘢𝘯𝘥 𝘯𝘰𝘯𝘦 𝘰𝘧 𝘸𝘩𝘢𝘵 𝘺𝘰𝘶 𝘩𝘦𝘢𝘳"______Edgar Allan Poe
Boz
Boz
Joined: Sep 22, 2011
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October 6th, 2015 at 4:05:01 AM permalink
This whole thing is a joke because it was determined Fantasy sports is a skill. Now you have legal unregulated bookmakers being backed by the same sports leagues that are so against sports betting. Does anyone know what the actual vig in on these wagers? If sports betting was made legal, you would know the vig is 10% or less based on competition.

Roger Goodell deserves any negative press he gets from this for being in bed with these criminals.
SOOPOO
SOOPOO
Joined: Aug 8, 2010
  • Threads: 112
  • Posts: 8108
October 6th, 2015 at 6:41:29 AM permalink
Quote: Boz

Does anyone know what the actual vig in on these wagers? .



It is my understanding that there is really a 'rake' and not a 'vig'. But supposedly 90% of what is paid in is paid out.
Wizardofnothing
Wizardofnothing
Joined: Jul 3, 2015
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October 6th, 2015 at 6:45:51 AM permalink
It is absolutely 10 percent across the board not including any bonus or rake back
No longer hiring, donít ask because I wonít hire you either
DRich
DRich
Joined: Jul 6, 2012
  • Threads: 77
  • Posts: 7925
October 6th, 2015 at 7:18:24 AM permalink
Quote: SOOPOO

It is my understanding that there is really a 'rake' and not a 'vig'. But supposedly 90% of what is paid in is paid out.



Wow, that is worse than I thought. I had heard they were paying back 95% and only taking 5%.
Order from chaos
itsmejeff
itsmejeff
Joined: Aug 6, 2012
  • Threads: 2
  • Posts: 28
October 6th, 2015 at 8:35:44 AM permalink
This only exists because the government heavily restricts real sports betting. People wouldn't have to look to gimmick wagering if they could simply place a real wager on the games of their choice.

Could this even be made legitimate? It seems destined for fraud or chicanery. Data will either be used to make informed bets or values will be altered to help sway outcomes.
standbymyman
standbymyman
Joined: Feb 13, 2015
  • Threads: 1
  • Posts: 182
October 6th, 2015 at 9:12:44 AM permalink
Quote: itsmejeff

This only exists because the government heavily restricts real sports betting. People wouldn't have to look to gimmick wagering if they could simply place a real wager on the games of their choice.

Could this even be made legitimate? It seems destined for fraud or chicanery. Data will either be used to make informed bets or values will be altered to help sway outcomes.





POUR your money in there, SUCKERS. Win millions a week!
Rigondeaux
Rigondeaux
Joined: Aug 18, 2014
  • Threads: 30
  • Posts: 2537
October 6th, 2015 at 9:58:46 AM permalink
Just like online poker, or anything else of that sort. No rules plus lots of money will always lead to crookedness. The only part I'll never understand is those who feel compelled to defend the crooks.

Just waiting for someone to come in and say, "oh that's just 'standard' because blah, blah, blah."

However, as with online poker, I think it's still possible to make money on these sites. Unless you are extremely good at it, or you really enjoy playing, it's probably not worth the work though.
waasnoday
waasnoday
Joined: Jan 13, 2015
  • Threads: 3
  • Posts: 162
beachbumbabs
Administrator
beachbumbabs
Joined: May 21, 2013
  • Threads: 99
  • Posts: 14232
October 15th, 2015 at 4:31:55 PM permalink
Quote: waasnoday

Just got this in my email box.

http://www.reviewjournal.com/business/casinos-gaming/nevada-gaming-regulators-ban-daily-fantasy-sports-the-state



Wow. That didn't take long.
If the House lost every hand, they wouldn't deal the game.

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