Daily Fantasy's Big Events: Rake Analysis

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This article examines the big qualifiers to calculate how much rake is effectively paid based on the prize pool offered and other considerations. I will use the DFBC (Fanduel), DSBC (DraftStreet), PFBC (StarStreet), and the BLB (DraftDay) as examples. Let’s use the DFBC to get us started and then apply the same logic to the other events.

Below is a table where I show these calculations for all four big events. The overlay is based on actual data received from recent qualifiers, and the Travel expense has been estimated.

Item FanDuel DFBC DraftStreet DSBC Starstreet PFBC DraftDay BLB
Qualifier Buy-in $25 $215 $109 $44
Entries 1,182 60 120 158
Total $29,550 $12,900 $13,080 $6,952
Avg. value of seat $11,111 $6,000 $5,000 $4,719
Runner-up prizes $11,075 $6,000 $2,000 $1,200
Total $22,186 $12,000 $7,000 $5,919
Rake on prize pool only 25% 7% 46% 15%
Travel estimates $2,000 $- $2,400 $-
Rake after travel estimates 18% 7% 28% 15%
Estimated overlay 5% 0% 25% 0%
Rake with overlay 14% 7% 4% 15%

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Travel estimates are not transparent for us to calculate with 100% accuracy. I chose these numbers using knowing that FanDuel’s finals include a flight, a limo, two nights at the Palazzo hotel, a cocktail party, and renting out Legasse Stadium. However both FanDuel and StarStreet’s finals have general organizational costs associated with them beyond what the finalist receives that add to the experience such as flying FanDuel’s employees out, or the cost to rent the Playboy Mansion out. This was all considered when determining

It should be noted that effective rake varies by individual. For example, a family man that lives in LA and can drive to the Mansion probably has a much higher effective rake than a 22 year old single man from New York City. Please use the above numbers as a guide, but it is ultimately up to you to decide how much these events are worth.

DFBC and PFBC Payouts

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About the Author

bripc23
bripc23

BriPC23 is a GrindersU instructor and was the 2013 StarStreet PFBC Runner-Up.