General Sports Talk
Poll
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64 members have voted
NY online sports betting___________$1.176 billion in handle and $91.4 million in revenue thru the first 16 days
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https://www.legalsportsreport.com/ny/
woooohooooo - FanDuel has the same low roller special for the SuperBowl that DraftKings had and I would guess still has
bet just $5 and if your team wins get $280 in betting credits
𝙩𝙝𝙚 𝙡𝙤𝙬 𝙧𝙤𝙡𝙡𝙚𝙧𝙨 𝙖𝙧𝙚 𝙧𝙚𝙖𝙡𝙡𝙮 𝙧𝙤𝙡𝙡𝙞𝙣' 𝙣𝙤𝙬
https://sportsbook.fanduel.com/promotions
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Quote: lilredrooster____________
NY online sports betting___________$1.176 billion in handle and $91.4 million in revenue thru the first 16 days
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https://www.legalsportsreport.com/ny/
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link to original post
The mafia had better not be counting on making their bonus goals this year,
I note MLB is getting into the act.
With the seeming acceptance of sports gambling with open arms will Pete Rose finally get inducted into the baseball Hall of Fame?
https://chicago.suntimes.com/2021/4/20/22394351/pete-rose-major-league-baseball-hall-of-fame
Quote: MrV
With the seeming acceptance of sports gambling with open arms will Pete Rose finally get inducted into the baseball Hall of Fame?
they didn't have prop bets when Pete was betting
Pete would have loved prop bets
he would have made a fortune betting that he wouldn't get a hit this time at bat_______________(-:\
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Quote: MrVIt's funny how the NFL has done an about face on sports gambling; now they embrace it, advertise it, and presumably profit by it.
I note MLB is getting into the act.
With the seeming acceptance of sports gambling with open arms will Pete Rose finally get inducted into the baseball Hall of Fame?
https://chicago.suntimes.com/2021/4/20/22394351/pete-rose-major-league-baseball-hall-of-fame
link to original post
No, and baseball players are not allowed to bet on baseball, even if it is legal in a state they are in. Just as they are not allowed to smoke pot, even if it is legal in some states.
Quote: billryanQuote: MrVIt's funny how the NFL has done an about face on sports gambling; now they embrace it, advertise it, and presumably profit by it.
I note MLB is getting into the act.
With the seeming acceptance of sports gambling with open arms will Pete Rose finally get inducted into the baseball Hall of Fame?
https://chicago.suntimes.com/2021/4/20/22394351/pete-rose-major-league-baseball-hall-of-fame
link to original post
No, and baseball players are not allowed to bet on baseball, even if it is legal in a state they are in. Just as they are not allowed to smoke pot, even if it is legal in some states.
link to original post
I wonder what the laws will be (or are?) now.... Can the wife/son/father/friend/cousin/personal trainer/psychiatrist/etc... of the athlete legally bet on the games?
Quote: lilredrooster
right now there is strong speculation that it will be the "Commanders"__________________post is from January 28, 2022
https://www.espn.com/nfl/story/_/id/33199548/washington-selects-commanders-new-team-name-two-season-search
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I'm strong with the Bengals
will take them on the spread and money line
as a hedge I will bet twice as much on the spread as I will on the money line
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Quote: lilredrooster___________
I'm strong with the Bengals
will take them on the spread and money line
as a hedge I will bet twice as much on the spread as I will on the money line
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link to original post
I don’t think that technically is a hedge, because they both can win. I had a $56 bet requirement at MGM, so took Bengals +4.5. Most of my dozens of other bets favor the Rams. Though not directly, I consider my Bengals bet a hedge.
Quote: SOOPOOQuote: lilredrooster___________
I'm strong with the Bengals
will take them on the spread and money line
as a hedge I will bet twice as much on the spread as I will on the money line
.
link to original post
I don’t think that technically is a hedge, because they both can win. I had a $56 bet requirement at MGM, so took Bengals +4.5. Most of my dozens of other bets favor the Rams. Though not directly, I consider my Bengals bet a hedge.
link to original post
not trying to be critical but wouldn't it be better not to bet the Bengals at all in the situation you describe_______________?
If you bet $56 on the Bengals and $400 on the Rams ( spread) wouldn't you be better off just betting $344 on the Rams
that way you would be paying less in vig overall - if the Rams win you pay vig only on $344 - you pay no vig if the Bengals win
if the Bengals win you pay vig on $56 if you bet the way you describe
or reduce your other bets at the other places and bet $56 at MGM on the Rams so your total bet was the same______________?
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Quote: lilredroosterQuote: SOOPOOQuote: lilredrooster___________
I'm strong with the Bengals
will take them on the spread and money line
as a hedge I will bet twice as much on the spread as I will on the money line
.
link to original post
I don’t think that technically is a hedge, because they both can win. I had a $56 bet requirement at MGM, so took Bengals +4.5. Most of my dozens of other bets favor the Rams. Though not directly, I consider my Bengals bet a hedge.
link to original post
not trying to be critical but wouldn't it be better not to bet the Bengals at all in the situation you describe_______________?
If you bet $56 on the Bengals and $400 on the Rams ( spread) wouldn't you be better off just betting $344 on the Rams
that way you would be paying less in vig overall - if the Rams win you pay vig only on $344 - you pay no vig if the Bengals win
if the Bengals win you pay vig on $56 if you bet the way you describe
or reduce your other bets at the other places and bet $56 at MGM on the Rams so your total bet was the same______________?
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link to original post
If there weren’t freebies associated with the bets, then yes. At the moment I bet on the Bengals, all my other bets were already made. So there was nothing I could do about them. The Bengals bet gets me 4 separate $10 free bets. I think we’ve figured out the free bets are worth around 65% of their value the way I generally use them. So I lose around $3 in EV on the Bengals bet, but gain $26 for the freebies.
I have made no direct money line bets on ‘The Big Game’ without some sweetener given to me.
When legalized sports betting came to Arizona, I jumped on a few bonuses and gave some thought into going "full bonus ho" but decided not to.
Quote: lilredrooster___________
I'm strong with the Bengals
will take them on the spread and money line
as a hedge I will bet twice as much on the spread as I will on the money line
.
link to original post
Bengals moneyline and under parlay here. Somehow they find ways to win.
. Good point. This will be my first SB with the smorgasbord of bets that I’m sure I’ll be looking at repeatedly.Quote: billryanA couple of years ago, I attended a SB party where several of the attendees had hundreds of bets on the game, and on various plays. They were so busy going thru the various sheets their bets were listed on that I doubt any of them enjoyed the game. I found it to be somewhat sad. I suppose it was just another day at the office for them, but it made me take a step back and realize that this wasn't the life for me.
When legalized sports betting came to Arizona, I jumped on a few bonuses and gave some thought into going "full bonus ho" but decided not to.
link to original post
I did fantasy one year and hated it. Rooting for a TD to the team I hate’s TE in a meaningless games that is 31-0 already didn’t add value to my watching experience.
This SB is low on my ranking of interest in the game compared to other SBs. But for the past few years I’ve been telling my son that Stafford will be a HOFer. He has always said no way. I think if Rams win that makes him a lock. Go Bams. Or go Rengals?
Quote: SOOPOO. Good point. This will be my first SB with the smorgasbord of bets that I’m sure I’ll be looking at repeatedly.Quote: billryanA couple of years ago, I attended a SB party where several of the attendees had hundreds of bets on the game, and on various plays. They were so busy going thru the various sheets their bets were listed on that I doubt any of them enjoyed the game. I found it to be somewhat sad. I suppose it was just another day at the office for them, but it made me take a step back and realize that this wasn't the life for me.
When legalized sports betting came to Arizona, I jumped on a few bonuses and gave some thought into going "full bonus ho" but decided not to.
link to original post
I did fantasy one year and hated it. Rooting for a TD to the team I hate’s TE in a meaningless games that is 31-0 already didn’t add value to my watching experience.
This SB is low on my ranking of interest in the game compared to other SBs. But for the past few years I’ve been telling my son that Stafford will be a HOFer. He has always said no way. I think if Rams win that makes him a lock. Go Bams. Or go Rengals?
link to original post
there's no question about the fact that getting all wrapped up in gambling can be a negative thing
I post quite a bit about it but I actually don't bet that much - I like comparing strategies
I've seen a lot of guys all wrapped up in it - I believe most are not having fun - maybe a few are
on the other hand - if those that get all wrapped up in it can make a living at it - well
I can see how it's better than working in some boring office doing work you don't really care about just to make ends meet
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Quote: billryanIt's a hard way to make a easy living. I can only imagine the work that went into their pages of bets, and I know they went all over town chasing different lines.
link to original post
if I was going to try and make a living betting sports - which of course I'm not - I don't need to make a living anymore - I wouldn't do it that way
it looks like they're trying to make hundreds of bets with tiny little edges
I would make a much smaller number of bets, betting much more where I thought I had a much larger edge
it's very clear to me that in many situations - not all of course - you have to be very picky - the fave is muchly overvalued and the dog is muchly undervalued
that's what I would look for - I wouldn't go looking for a 1% edge
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Moses says: I wanted to find 100 value plays a year in the MLB, NFL, NBA, and NHL. Easier said than done. Especially with covid.
Quote: mosesLilredrooster writes: I would make a much smaller number of bets, betting much more where I thought I had a much larger edge
Moses says: I wanted to find 100 value plays a year in the MLB, NFL, NBA, and NHL. Easier said than done. Especially with covid.
link to original post
Moses :
you might enjoy looking at this thread of mine
this NFL season the method went 34-21 - a little more than one half of the 100 plays that you want to get
for 3 years - 114-77
I tried a similar thing for the NBA but it didn't work out
I plan to look at this for the MLB this season - home teams win about 54% in the MLB - again, I will be looking at highly competitive road dogs
https://wizardofvegas.com/forum/gambling/sports/36563-beat-the-nfl-spread/
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Quote: lilredroosterQuote: mosesLilredrooster writes: I would make a much smaller number of bets, betting much more where I thought I had a much larger edge
Moses says: I wanted to find 100 value plays a year in the MLB, NFL, NBA, and NHL. Easier said than done. Especially with covid.
link to original post
Moses :
you might enjoy looking at this thread of mine
this NFL season the method went 34-21 - a little more than one half of the 100 plays that you want to get
for 3 years - 114-77
I tried a similar thing for the NBA but it didn't work out
I plan to look at this for the MLB this season - home teams win about 54% in the MLB - again, I will be looking at highly competitive road dogs
https://wizardofvegas.com/forum/gambling/sports/36563-beat-the-nfl-spread/
.
link to original post
Thanks. We definately have a similar point of view. Perhaps I've tightened my screws too much. I went 6-1 in NFL this year. I like to get 4 points and then go half points and half moneyline. I really don't like to give over 5 points anymore. I used to well with home favorites up to -7. But not so much advantage anymore.
DC's own Austin Carr, from Mackin High, was by far the greatest high school player I ever saw
while at Notre Dame, before the 3 point thing, he set a record, more than 50 years ago, which may never be broken
𝟲𝟭 𝗽𝗼𝗶𝗻𝘁𝘀 𝗶𝗻 𝗮𝗻 𝗡𝗖𝗔𝗔 𝗧𝗼𝘂𝗿𝗻𝗮𝗺𝗲𝗻𝘁 𝗚𝗮𝗺𝗲
absolutely dazzling
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Quote: lilredrooster______________
DC's own Austin Carr, from Mackin High, was by far the greatest high school player I ever saw
while at Notre Dame, before the 3 point thing, he set a record, more than 50 years ago, which may never be broken
𝟲𝟭 𝗽𝗼𝗶𝗻𝘁𝘀 𝗶𝗻 𝗮𝗻 𝗡𝗖𝗔𝗔 𝗧𝗼𝘂𝗿𝗻𝗮𝗺𝗲𝗻𝘁 𝗚𝗮𝗺𝗲
absolutely dazzling
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link to original post
https://youtu.be/ULXHcoutilw
Shades of the rooster shooter. No? 😃
Quote: Mission146
I also hope that the performance against the Buccaneers as well as the 4th Quarter Comeback against the 49ers is enough to silence some of Matthew Stafford's critics who call him a, 'Choke artist,' regardless of what happens in the Super Bowl. This season is obviously more than I expected from the Rams, but I said going into the season that there was a very good chance Stafford could do some stuff on a decent team with offensive weapons and a reasonably good defense.
Okay, a Fourth Quarter game-winning drive in the Super Bowl playing from behind has to be enough to end any such talk of Stafford being a choke artist, right?
I suspect neither is correct.
the Washington Post is stating in an article that Aaron Donald, not Cooper Kupp was the true Super Bowl MVP
the YT vid shows a couple of plays in which Donald was dominant
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https://www.youtube.com/watch?v=gu6CkrRRF8c
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https://www.washingtonpost.com/sports/2022/02/14/jenkins-aaron-donald-super-champ/
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In 8 seasons he has 8 pro bowls, 7 first time All Pros, 3 defensive player of the year awards (as an interior lineman, who are generally overlooked), and has missed only two games both not for injuries.
Unfortunately, regular season and postseason MVP awards are an offense only award. Kupp had a great drive when it counted but went under both his yardage and reception prop bets for the game. He sort of acknowledged it himself when in his interview on the podium he said “I don’t feel deserving of this.”
Quote: mcallister3200Donald is THE best player in football. Only player where the next best player at his position is not remotely comparable, he’s a complete outlier. He should have NFL MVP awards rather than just being 3x defensive player of the year (and he should have a half dozen of those.)
In 8 seasons he has 8 pro bowls, 7 first time All Pros, 3 defensive player of the year awards (as an interior lineman, who are generally overlooked), and has missed only two games both not for injuries.
Unfortunately, regular season and postseason MVP awards are an offense only award. Kupp had a great drive when it counted but went under both his yardage and reception prop bets for the game. He sort of acknowledged it himself when in his interview on the podium he said “I don’t feel deserving of this.”
link to original post
I disagree. At least for the 2022 regular season. He wasn’t as good as TJ Watt, as was obvious to the defensive player of the year voters. And if we had a ‘draft’ of players for next year, and next year only, his true ‘value’ would be determined by the GMs. Do you take him with your first pick ahead of Aaron Rodgers? Or ahead of Mahomes or Allen?
As far as the Super Bowl MVP, Donald was great, but so was the entire defensive line, and blitzers too. He wasn’t head and shoulders above the others. But Kupp had a very good game, but he only won MVP because of Stafford’s overall mediocre performance.
I’ve had this argument with my son for the past few years…. I think Stafford will end up a lock for Canton, as in just a few more years his volume of stats will be surpassing most of the QBs already there. His skill plus longevity plus the SB ring = Canton.
QB’s would go highest in a GM draft partly because it’s “most valuable POSITION” and partly because of career longevity at that position being completely different than other positions. Rodgers would go nowhere near the top based on the same career longevity part, he would go well below Burrow for example. Well, if they’re drafting for the good of the franchise without considering their job security anyways.
I’ll say QB’s play the most valuable position, none of that changes the gap between Donald and the next best D tackle is nowhere near any other position. I’m not sure if you’re disagreeing he’s the best player in football or that he should have MVP awards, they are really two separate arguments when including disparities in positional value.
They should just change the awards to QB of the year and add a player of the year if QB’s are the only ones eligible. That’s a design flaw in the game itself that one position carries such a disproportionate value.
Quote: mcallister3200So to me Watt being DPOY this year is largely about interior lineman being under appreciated, a lot of sack/pick individual stats being a result of team stuff, and voter fatigue not wanting to give it to a guy who’s got it three times already. The voters are simply unqualified to evaluate a defensive tackle.
QB’s would go highest in a GM draft partly because it’s “most valuable POSITION” and partly because of career longevity at that position being completely different than other positions. Rodgers would go nowhere near the top based on the same career longevity part, he would go well below Burrow for example. Well, if they’re drafting for the good of the franchise without considering their job security anyways.
I’ll say QB’s play the most valuable position, none of that changes the gap between Donald and the next best D tackle is nowhere near any other position. I’m not sure if you’re disagreeing he’s the best player in football or that he should have MVP awards, they are really two separate arguments when including disparities in positional value.
They should just change the awards to QB of the year and add a player of the year if QB’s are the only ones eligible. That’s a design flaw in the game itself that one position carries such a disproportionate value.
link to original post
Donald is great, but certainly not ‘by far’ the best DE. He trailed N Bosa, Hendrickson and Garrett in sacks, also trailed Bosa in solo tackles. Donald did have more assisted tackles, but that is obviously more a ‘team’ statistic. I DO agree with you that if I had to take a DE he would be my first selection. The Bills had NO top DT or DE, and rotated in like 8 of them, all on the way to being the top defense in the league. More I think about it, Micah Parsons would be taken before Donald as well in my make believe draft.
Taylor had 500+ more yards rushing than the next best runner.
And Kupp’s year (I think?) is the best ever for a WR if you include regular season and playoffs. And I like Justin Tucker as the best at what he does over the last decade.
Donald is great. Just not as great as you think!
Quote: mosesQuote: lilredroosterQuote: mosesLilredrooster writes: I would make a much smaller number of bets, betting much more where I thought I had a much larger edge
Moses says: I wanted to find 100 value plays a year in the MLB, NFL, NBA, and NHL. Easier said than done. Especially with covid.
link to original post
Moses :
you might enjoy looking at this thread of mine
this NFL season the method went 34-21 - a little more than one half of the 100 plays that you want to get
for 3 years - 114-77
I tried a similar thing for the NBA but it didn't work out
I plan to look at this for the MLB this season - home teams win about 54% in the MLB - again, I will be looking at highly competitive road dogs
https://wizardofvegas.com/forum/gambling/sports/36563-beat-the-nfl-spread/
.
link to original post
Thanks. We definately have a similar point of view. Perhaps I've tightened my screws too much. I went 6-1 in NFL this year. I like to get 4 points and then go half points and half moneyline. I really don't like to give over 5 points anymore. I used to well with home favorites up to -7. But not so much advantage anymore.
link to original post
...and this offset a bad year in baseball. Covid, I've lost my nerve in NBA and results have been good. Very few plays in hockey.
Do you/others think the rule changes/covid in MLB were enough to throw out old stats?
Quote: mosesQuote: mosesQuote: lilredroosterQuote: mosesLilredrooster writes: I would make a much smaller number of bets, betting much more where I thought I had a much larger edge
Moses says: I wanted to find 100 value plays a year in the MLB, NFL, NBA, and NHL. Easier said than done. Especially with covid.
link to original post
Moses :
you might enjoy looking at this thread of mine
this NFL season the method went 34-21 - a little more than one half of the 100 plays that you want to get
for 3 years - 114-77
I tried a similar thing for the NBA but it didn't work out
I plan to look at this for the MLB this season - home teams win about 54% in the MLB - again, I will be looking at highly competitive road dogs
https://wizardofvegas.com/forum/gambling/sports/36563-beat-the-nfl-spread/
.
link to original post
Thanks. We definately have a similar point of view. Perhaps I've tightened my screws too much. I went 6-1 in NFL this year. I like to get 4 points and then go half points and half moneyline. I really don't like to give over 5 points anymore. I used to well with home favorites up to -7. But not so much advantage anymore.
link to original post
...and this offset a bad year in baseball. Covid, I've lost my nerve in NBA and results have been good. Very few plays in hockey.
Do you/others think the rule changes/covid in MLB were enough to throw out old stats?
link to original post
I'm not an expert by any means on the MLB - but from what I read about the changes I would guess they wouldn't have much effect
I think the MLB is more difficult to bet than other sports because you have 1 constantly changing factor for each team - the pitcher
the most useful thing I know about sports betting is that in many venues the home team fave tends to get overbet creating a better deal on the road dog
it's not enough to rely on for profits but it's something - I might try paper betting MLB this season focusing on smallish road dogs going off at +150 or less
I kind of doubt it will be profitable - but it might be fun to track it for a while - I will report the results either way
for 3 seasons I've tracked NFL road dogs who got 4 points or less and reported the results here and it has been very profitable - the same thing didn't work out in the NBA
I have the Wizard to thank for the NFL profitability - he produced a very useful compilation of stats which gave me some clues about how to proceed
Good Luck_____
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Quote: SOOPOOQuote: mcallister3200So to me Watt being DPOY this year is largely about interior lineman being under appreciated, a lot of sack/pick individual stats being a result of team stuff, and voter fatigue not wanting to give it to a guy who’s got it three times already. The voters are simply unqualified to evaluate a defensive tackle.
QB’s would go highest in a GM draft partly because it’s “most valuable POSITION” and partly because of career longevity at that position being completely different than other positions. Rodgers would go nowhere near the top based on the same career longevity part, he would go well below Burrow for example. Well, if they’re drafting for the good of the franchise without considering their job security anyways.
I’ll say QB’s play the most valuable position, none of that changes the gap between Donald and the next best D tackle is nowhere near any other position. I’m not sure if you’re disagreeing he’s the best player in football or that he should have MVP awards, they are really two separate arguments when including disparities in positional value.
They should just change the awards to QB of the year and add a player of the year if QB’s are the only ones eligible. That’s a design flaw in the game itself that one position carries such a disproportionate value.
link to original post
Donald is great, but certainly not ‘by far’ the best DE. He trailed N Bosa, Hendrickson and Garrett in sacks, also trailed Bosa in solo tackles. Donald did have more assisted tackles, but that is obviously more a ‘team’ statistic. I DO agree with you that if I had to take a DE he would be my first selection. The Bills had NO top DT or DE, and rotated in like 8 of them, all on the way to being the top defense in the league. More I think about it, Micah Parsons would be taken before Donald as well in my make believe draft.
Taylor had 500+ more yards rushing than the next best runner.
And Kupp’s year (I think?) is the best ever for a WR if you include regular season and playoffs. And I like Justin Tucker as the best at what he does over the last decade.
Donald is great. Just not as great as you think!
link to original post
Donald is not a D End…..he’s a D Tackle who puts up numbers reserved for DE and linebackers. We’re just going to have to agree to disagree rather than me accept you telling me I’m flatly “wrong.”
Quote: mcallister3200Quote: SOOPOOQuote: mcallister3200So to me Watt being DPOY this year is largely about interior lineman being under appreciated, a lot of sack/pick individual stats being a result of team stuff, and voter fatigue not wanting to give it to a guy who’s got it three times already. The voters are simply unqualified to evaluate a defensive tackle.
QB’s would go highest in a GM draft partly because it’s “most valuable POSITION” and partly because of career longevity at that position being completely different than other positions. Rodgers would go nowhere near the top based on the same career longevity part, he would go well below Burrow for example. Well, if they’re drafting for the good of the franchise without considering their job security anyways.
I’ll say QB’s play the most valuable position, none of that changes the gap between Donald and the next best D tackle is nowhere near any other position. I’m not sure if you’re disagreeing he’s the best player in football or that he should have MVP awards, they are really two separate arguments when including disparities in positional value.
They should just change the awards to QB of the year and add a player of the year if QB’s are the only ones eligible. That’s a design flaw in the game itself that one position carries such a disproportionate value.
link to original post
Donald is great, but certainly not ‘by far’ the best DE. He trailed N Bosa, Hendrickson and Garrett in sacks, also trailed Bosa in solo tackles. Donald did have more assisted tackles, but that is obviously more a ‘team’ statistic. I DO agree with you that if I had to take a DE he would be my first selection. The Bills had NO top DT or DE, and rotated in like 8 of them, all on the way to being the top defense in the league. More I think about it, Micah Parsons would be taken before Donald as well in my make believe draft.
Taylor had 500+ more yards rushing than the next best runner.
And Kupp’s year (I think?) is the best ever for a WR if you include regular season and playoffs. And I like Justin Tucker as the best at what he does over the last decade.
Donald is great. Just not as great as you think!
link to original post
Donald is not a D End…..he’s a D Tackle who puts up numbers reserved for DE and linebackers. We’re just going to have to agree to disagree rather than me accept you telling me I’m flatly “wrong.”
link to original post
Of course! I could be wrong. This is a discussion that no one could ever be definitively correct. It feels like my discussions about James/Jordan. I can say I’ve seen them both, analyzed their stats, and conclude James is the GOAT. I am rebutted with ‘but no one could stop Jordan’ type answers.
DraftKings is drowning in debt - they lost $326 million in the 4th quarter
their stock price is down 72% in the last year and dropped 21% on Friday
their strategy of loving up newbies with promos, bonuses and free bets has backfired
put the headline into google and then click the link to beat the NYT paywall
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https://www.nytimes.com/2022/02/18/business/draftkings-earnings-4q-2021.html
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Quote: lilredrooster_____________
DraftKings is drowning in debt - they lost $326 million in the 4th quarter
their stock price is down 72% in the last year and dropped 21% on Friday
their strategy of loving up newbies with promos, bonuses and free bets has backfired
put the headline into google and then click the link to beat the NYT paywall
.
https://www.nytimes.com/2022/02/18/business/draftkings-earnings-4q-2021.html
There is gold in them there hills.
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link to original post
Quote: lilredrooster_____________
DraftKings is drowning in debt - they lost $326 million in the 4th quarter
their stock price is down 72% in the last year and dropped 21% on Friday
their strategy of loving up newbies with promos, bonuses and free bets has backfired
put the headline into google and then click the link to beat the NYT paywall
.
https://www.nytimes.com/2022/02/18/business/draftkings-earnings-4q-2021.html
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link to original post
It could still work for them. For the good of the consumer let’s hope it does not.
They might be worse at it than others, but they’re taking the same strategy many large companies with a large amount of investment/debt do, go for market share not particularly caring if they make money or if their product is better than competitors while choking competitors out. They’re trying to force out any competitors who are better, smarter, but simply leaner.
It will be bad for consumers in the US if they win, and it will be great for grey area offshore sportsbooks a continuing to thrive if they win (do you think anyone in a legal state wants to send their money to an unregulated offshore? Of course not, they do it because they offer a far superior product.)
I expect that they will be the dominant sports betting company in most states in 10 years. I even bought some stock in them.
I also expect they’ll be the dominant sports betting company almost solely because of the funding, they can fade a high acquisition cost per customer and squash competition who are better at traditional bookmaking practices that may be less interested in the states that tax at an unsustainable rate for sports betting (basically Circa model).
Even if they’re not as terrible as I’m making them out to be, having a dominant company is still bad for the consumer. But I suppose that’s just the type of merger era we are in now, a few companies dominate just about every industry and then begin to devalue the product once competition is squashed using more or less soft price fixing.
Quote: DRichBefore moving to Florida I interviewed with Draftkings. They are very professional and a high tech company that is funded very well. I was impressed.
I expect that they will be the dominant sports betting company in most states in 10 years. I even bought some stock in them.
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I made some cash on their stock in 2020. Lots of people have lost since. The thing is all the books are throwing money at trying to capture customers like is is 1998-1999 wild west internet days. Lots of people think a sports book is a license to print money. On straight bets it is not so much. If you watch close you can see they are really pushing parlays and in-game bets.
The in-game bets seem to be attracting sharps. But I think enough squares will outweigh that. To me they are trading vehicles more than investments.
R.I.P. Charley Taylor - he just passed - he was so very great
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bizarre - Michigan Coach Juwan Howard throws a punch at the Wisconsin Coach after the game is over when they were supposed to be shaking hands
Howard was unhappy with a late timeout called by the Wisconsin Coach
you can see them start to tussle at about 0:15 and Howard throws the punch at about 0:25 - crazy - I think Howard has got to get fired for this
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Quote: SOOPOOAs opposed to the ‘I’m sorry I lost my cool, I should not have resorted to violence’ fake apology you usually get, he babbled about how the other coach ‘touched his arm’ or some such nonsense. To me implying he was acting in quasi self defense. If Michigan thinks he can win more games next year than a possible replacement, he stays. If not, he goes. I’m betting on stays. Hard to fire a Fab 5 legend at Michigan.
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Woody Hayes got fired for a similar incident.
That leaves a window of anything goes. That being said, I'm not sure this hand shake thing is a good idea. Where was security?
Quote: SOOPOOAs opposed to the ‘I’m sorry I lost my cool, I should not have resorted to violence’ fake apology you usually get, he babbled about how the other coach ‘touched his arm’ or some such nonsense. To me implying he was acting in quasi self defense. If Michigan thinks he can win more games next year than a possible replacement, he stays. If not, he goes. I’m betting on stays. Hard to fire a Fab 5 legend at Michigan.
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He made a comment to the effect that he felt he had to defend himself after the elbow touching which seems ridiculous. He offered no apology for his action but justified it and shifted blame.
I think Michigan is in a tough no win spot with whether to suspend or fire him and will be criticized either way. I suspect a forced apology will be coming and given the delay will obviously be insincere. It might not be appropriate to comment on this aspect given it shouldn’t be relevant to the action, but given the under representation of minorities in coaching and an agenda of many looking to make anything possible related racial as a result, if they let him go they will face many thinly veiled accusations of racism. That would also be heavily insinuated by opposing coaching staffs in negative recruiting. If they don’t let him go, others will criticize them for not holding him accountable or punishing strongly enough. But, given how quickly people shift their outrage and shifting news cycles, that will probably pass quicker and not have the negative recruiting aspect, after a year no one but the two schools will likely think about it except when they meet.
Quote: mosesWhen the game is in progress it's up to the officials to control the baiting and fighting. Once the game is over it becomes a security issue because the officials are to exit immediately.
That leaves a window of anything goes. That being said, I'm not sure this hand shake thing is a good idea. Where was security?
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Hand shake lines are not a good idea. It’s fake sportsmanship. Players and coaches who choose to engage each other in a genuine manner have the opportunity to without being forced.
And there’s been numerous incidents. I’ll try to find the clip later but there’s a high school basketball clip from earlier this basketball season of one kid absolutely winding up and clocking another with a closed fist to the jaw.
And you know the type of security that gets hired for these events, most are neither capable or paid enough to do much when things escalate quickly. My retired superintendent grandfather worked stadium security gigs to keep himself occupied. I know there’s SOME other law enforcement and security personnel there, but 75 year old men being paid around $20/hr aren’t getting in the middle of something with a 6’10 dude and a bunch of 20 year old athletes when arms are already swinging.
I'm not sure comparing arena security guards to the ones involved with team security is very accurate.
