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FanDuel/DraftKing commercials-fbi-involved-now-lol/rcials - FBI Involved Now. lol

Fade2BlackAndBlue

By Fade2BlackAndBlue,
in Carolina Panthers

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PanthersATL Grand Master

PanthersATL

Posted
Posted

Just saw this on the news feed:  DraftKings and FanDuel were just shut down in Nevada:

"Nevada regulators ordered daily fantasy sports sites like DraftKings and FanDuel to shut down Thursday, saying they can't operate in the state without a gambling license. The decision comes amid growing backlash by investigators and regulators over the sites, which have grown in popularity in the past year."

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CarolinaCoolin Newbie

CarolinaCoolin

Posted
Posted

This this daily fantasy industry grew to a billion dollar industry seemingly over night. That's why you see so many ads. They have cash they can throw around. Soooo many people buy into these things and lose all their money. Only a saw percentage of people get the big payouts. 

All that money so quickly. Of course people are going to be poking around

 

 

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Montsta Rising Star

Montsta

Posted
Posted

Those daily fantasy sites can be a scam if you do the big payouts. I've had some pretty stellar lineups and haven't made it into the top 50% when I'm in the lottery style setups with 250K people. 

But when I play the games with ~500 people and a $10 buy in I always seem to win $20-$75. I read an article about whales that put up $30K a week in entry fees and use crazy algorithms to screw the common man. 

Bottom line? If your gonna use daily fantasy sites, do a few hundred players and below in your games otherwise it's a sucker bet. 

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RealTalk Newbie

RealTalk

Posted
Posted

Those daily fantasy sites can be a scam if you do the big payouts. I've had some pretty stellar lineups and haven't made it into the top 50% when I'm in the lottery style setups with 250K people. 

But when I play the games with ~500 people and a $10 buy in I always seem to win $20-$75. I read an article about whales that put up $30K a week in entry fees and use crazy algorithms to screw the common man. 

Bottom line? If you're gonna use daily fantasy sites, do a few hundred players and below in your games otherwise it's a sucker bet. 

Corrected your grammar and highlighted what is the main point. Because DFS companies take 10 percent of your winnings off the top, you better have an algorithm if you're going to make money over time. Most are suckers

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332nd Mentor

332nd

Posted
Posted

Those daily fantasy sites can be a scam if you do the big payouts. I've had some pretty stellar lineups and haven't made it into the top 50% when I'm in the lottery style setups with 250K people. 

But when I play the games with ~500 people and a $10 buy in I always seem to win $20-$75. I read an article about whales that put up $30K a week in entry fees and use crazy algorithms to screw the common man. 

Bottom line? If your gonna use daily fantasy sites, do a few hundred players and below in your games otherwise it's a sucker bet. 

Yeah,  recall a blowup about one of those sites having it set up so that you couldn't see other players' lineups untill after the game. Shady poo.

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rainwater Newbie

rainwater

Posted
Posted

Just saw this on the news feed:  DraftKings and FanDuel were just shut down in Nevada:

"Nevada regulators ordered daily fantasy sports sites like DraftKings and FanDuel to shut down Thursday, saying they can't operate in the state without a gambling license. The decision comes amid growing backlash by investigators and regulators over the sites, which have grown in popularity in the past year."

That doesn't really mean much at this point.  Of course Nevada would shut down an online gambling site to protect their own interests (the casinos).  Until bigger states follow (there are already a few small states that ban DFS), or the federal government steps in, these websites aren't going anywhere.  If the government finds them to be gambling websites, then there will be years of lawsuits.  So best case scenario, it will be a few more seasons of this thrown in our faces every commercial break.

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Moorgan Enthusiast

Moorgan

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That doesn't really mean much at this point.  Of course Nevada would shut down an online gambling site to protect their own interests (the casinos).  Until bigger states follow (there are already a few small states that ban DFS), or the federal government steps in, these websites aren't going anywhere.  If the government finds them to be gambling websites, then there will be years of lawsuits.  So best case scenario, it will be a few more seasons of this thrown in our faces every commercial break.

I know you can't use fan duel in Arizona. You're right. Too much money at stake for it to disappear over night.

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