Rant: Draft Kings Commercial

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Secret Weapon
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Re: Rant: Draft Kings Commercial

Post by Secret Weapon »

lukethedrifter wrote:so mlb is an investor in draft kings. great.
I don't get how sports can align themselves with these leagues when betting on sports by players is so forbidden. Yet players are now paid to play in these leagues and promote them.

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MrCrowesGarden
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Re: Rant: Draft Kings Commercial

Post by MrCrowesGarden »

Freed Roger wrote:
MrCrowesGarden wrote:Be an awful racist?
I meant, did she do anything wrong with the fanduel thing. I am not defending her tweets of yore. Immature.
Not sure if I care about the lady. first I heard of it was in that article. she was probably desparate for work and fanduel it is.
Wrong, no, but it seems fitting work for someone that scummy.

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go birds
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Re: Rant: Draft Kings Commercial

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Freed Roger
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Re: Rant: Draft Kings Commercial

Post by Freed Roger »

What is cray cray is how the leagues and sports media food chain allowed themselves to get entrenched so quickly with Draftkings/Fanduel. ESPN on down to local stations have replaced a good chunk of their normal revenue sources with this sort of money. Almost like they are partners.

Not an industry expert, but I suspect if/when this gold rush ends, they will be back to selling ads on the cheap to Cialis or whatnot. Maybe it is already started - ESPN WC baseball game last night - had ad for reverse mortgages. It will be interesting to see how this shakes out.

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Jocephus
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Re: Rant: Draft Kings Commercial

Post by Jocephus »

employees now permanently banned from playing

http://espn.go.com/chalk/story/_/id/138 ... id-inquiry

whats that saying? its better to ask for forgiveness than to ask for permission

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Re: Rant: Draft Kings Commercial

Post by TimeForGuinness »

Freed Roger wrote:What is cray cray is how the leagues and sports media food chain allowed themselves to get entrenched so quickly with Draftkings/Fanduel. ESPN on down to local stations have replaced a good chunk of their normal revenue sources with this sort of money. Almost like they are partners.
They are all partners, check out the investments on both sides:

https://en.wikipedia.org/wiki/DraftKings
https://en.wikipedia.org/wiki/FanDuel

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go birds
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Re: Rant: Draft Kings Commercial

Post by go birds »

class action lawsuits are starting to roll in:

http://deadspin.com/here-come-the-daily ... 1735544002

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Cheddar Tom
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Re: Rant: Draft Kings Commercial

Post by Cheddar Tom »

Well it was fun while it lasted I guess...

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Re: Rant: Draft Kings Commercial

Post by MrSaigon »

Hopefully they didn't spend all their money on the ad barrage, so that they can get a good lawyer. I'm surprised there's no false advertising angle wrt winnings--maybe that one's coming.
NATURE OF THE CASE

1.

This is a class action complaint against FanDuel and DraftKings, two companies operating daily fantasy sports (“DFS”) websites in a manner that violates Kentucky, Massachusetts and New York law. 2.

DFS is a non-regulated industry where individuals compete against other individuals in fantasy sports games on a daily basis. That is, Defendants operate tournaments where individuals accumulate points based on the real-life statistics of players in professional sporting events that occur on a particular day. Individuals can play for free or pay money to compete for cash prizes.
Case 1:15-cv-07963 Document 1 Filed 10/08/15 Page 1 of 24

3.
The start of the 2015 NFL season saw a huge media blitz as Defendants spent more than $100,000,000 on television ads and became two of the top television advertisers in the United States. As a result of this advertising blitz, Defendants added millions of new users.

4.
Defendants make money on the fee they take from each entry into their contests. While the prize pools of these contests are funded from entry fees, Defendants often guarantee prize pools, and will pay out the difference between the guarantee and the entry fees.

5.
The difference between the entry fees in the prize pool and the guarantee is called the “overlay” and gives Defendants additional incentive to attract as many users and entries as possible into contests to avoid having to pay out this overlay, or to have their own employees win prize pool money through inside information.

6.
DraftKings refers to its new users as “fish” and relies on new users who lack skill to keep its most active users – and therefore profitable entry fee generators – on their site.

According to one analysis, the top 1.3% of players paid 40% of the entry fees, and the most active 6.3% of players paid 76% of entry fees.

7.
The CEO of FanDuel also recognized the need to attract as many new, inexperienced players as possible to keep its most profitable players happy.

8.
These material misrepresentations and omissions fraudulently induced Plaintiff and the proposed classes to give Defendants money, which ultimately went to Defendants and their employees through fees and contest prizes.

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Re: Rant: Draft Kings Commercial

Post by tlombard »

I have to admit that I entered a daily contest on Yahoo yesterday in a moment of weakness. I'm ashamed of myself. I was bored and ticked at the same time while watching the first round of games and my teams go down in flames when I noticed the app had a button I'd never hit before so I hit it. And then I was in their DFS area. So I put in $10 and entered a $1 contest where you had to pick between players in the Sunday night and Monday night games.

So far I'm in 289th place (out of 6700 or so) with three players left. and the top 1700 players get paid. Yay me, I might turn $1 into $2!!! Now if I can just do that 1,000 times a day I'll be rich in no time!!!

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