mcallister3200
mcallister3200
Joined: Dec 29, 2013
  • Threads: 16
  • Posts: 2507
May 31st, 2014 at 4:57:03 PM permalink
Quote: casinobaseball

Yeah spent the last couple of hours reading about the fantasy sports carve out in the illegal online gambling federal law. Fascinating.

So aside from this funny "100% bonus deposit" business they run, how do these sites make money? Any idea? Do they they take a bit of each "pot"?

they take a 5-10% rake out of each game. The deposits are real, they just work on a slow drip that shouldn't surprise anyone.
GWAE
GWAE
Joined: Sep 20, 2013
  • Threads: 93
  • Posts: 9854
May 31st, 2014 at 6:30:48 PM permalink
Quote: onenickelmiracle

Sounds like it would be easy to not understand this one GWAE. I've seen their commercials before and might have fallen for their bonus as well. I would have checked for complaints before I jumped into it. I almost signed up for another site but couldn't get any info about their bonus.



Yeah I should have known better for sure. I was just so annoyed because I looked all over their website and there was no mention of a wagering requirement. It was pointed out to me that on the final screen of the deposit they do mention how it is redeemed. I must have missed it, again partially my fault but shame on them for hiding it until you are pretty much committed.
Expect the worst and you will never be disappointed. I AM NOT PART OF GWAE RADIO SHOW
casinobaseball
casinobaseball
Joined: Apr 3, 2014
  • Threads: 1
  • Posts: 14
May 31st, 2014 at 6:49:45 PM permalink
Business is business
FinsRule
FinsRule
Joined: Dec 23, 2009
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  • Posts: 3692
May 31st, 2014 at 6:51:14 PM permalink
Fan Duel is the same thing except not a time limit to redeem bonus. Still pretty useless though.
onenickelmiracle
onenickelmiracle
Joined: Jan 26, 2012
  • Threads: 209
  • Posts: 8000
December 31st, 2014 at 7:16:47 PM permalink
Quote: FinsRule

Fan Duel is the same thing except not a time limit to redeem bonus. Still pretty useless though.

Being sued saw in the news for violating false advertising I think. Probably both guilty and being sued.
In the land of the blind, the man with one eye is the care taker. Hold my beer.
parker
parker
Joined: May 3, 2015
  • Threads: 0
  • Posts: 1
May 3rd, 2015 at 4:49:30 AM permalink
Quote: mcallister3200

they take a 5-10% rake out of each game. The deposits are real, they just work on a slow drip that shouldn't surprise anyone.



Exactly, everyone who ever played poker knows how this bonus works, its nothing funny at all. Everyone who thinks they give you money without any conditions is naive. Alot of things are similar to poker, similar rake structures, tournaments. I am only surprised that you couldnt find draftkings terms of use. If you want to inform yourself about the fantasy sites, check out fantasysportsdaily.com/reviews-and-promos
Boz
Boz
Joined: Sep 22, 2011
  • Threads: 154
  • Posts: 5701
May 4th, 2015 at 5:57:16 PM permalink
Give them credit for running a legal bookmaking operation with a 20-30% HE, maybe more....and getting more action than most legal Vegas Books.
1000kelleymac10
1000kelleymac10
Joined: Sep 27, 2015
  • Threads: 0
  • Posts: 2
September 27th, 2015 at 10:43:20 AM permalink
what I want to know is why is this not against the law from the perspective of advertising? Its pure deception and I thought you were not allowed to try on purpose to scam the public using the improper wording. I'll give you 20 if you give me 20. hmmmm ok. ill give you 1 every time you spend $22.50 on bets, not so much. OH and wait, it expires in 4 months. We all know they don't need to give the heavy bidders any extra money to sign up. This is purely for the low betters making it an even worse offense in my humble opinion.
sabre
sabre
Joined: Aug 16, 2010
  • Threads: 2
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September 27th, 2015 at 10:50:20 AM permalink
It's probably not against the law because it's explained very clearly.
GWAE
GWAE
Joined: Sep 20, 2013
  • Threads: 93
  • Posts: 9854
September 27th, 2015 at 10:56:38 AM permalink
Quote: sabre

It's probably not against the law because it's explained very clearly.



I am guessing they did get some flack for it. 2 years ago it was not explained clearly at all. It is clearly stated now. I still feel that it is very deceptive.
Expect the worst and you will never be disappointed. I AM NOT PART OF GWAE RADIO SHOW

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