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  • lk2000

    Supreme Court strikes down federal law banning most states from allowing sports betting which appears to clear way for states to legalize sports betting if they wish to do so. What are everyone’s initial thoughts? Seems to be huge news for the leagues and sports fans and will probably put additional pressure on long term viability of current dfs business model.

  • Stewburtx8

    • 2012 FanDuel WFBC Finalist

    @emnj69 said...

    The avg fan will quickly see going the sports betting route is much more profitable for them.

    I do not agree with this and I am not sure why so many people here seem to think sports betting is easy. It certainly is not.

  • Dunzor

    @rannas23 said...

    How will Rotogrinders adapt to the new change…will there be a new section for this new type of industry. Will be interesting to see how this plays out.

    At least if the writers start offering picks for standard bets instead of DFS nobody can complain they are misleading anymore since we’ll all be playing against the house instead of other players…

  • XxHeisenbergxX

    @TheRyanFlaherty said...

    Apologize if this came up already as I didn’t read every post…but thinking of how things will change now that it’s “legal”.
    And the biggest thing I could think of was payment processing. Obviously withdrawals will be easier and safer, but how will deposits work?
    Most if not all offshore sites offer work arounds to charge credit cards, but credit cards have not and do not allow themselves to be used as stakes in actual gambling. The biggest change may be that people can only gamble money they actually have, and if that’s the case maybe this won’t be as disastrous as I initially thought.

    Also, spoiler alert – (sorry to be the bearer of bad news) there are always exceptions, but if you’re a losing DFS player, especially in the bottom half, you’re not going to win money sports betting. The fact so many here seem to not realize this kind of proves my initial point of why this can be so dangerous.

    There is a huge difference between sports betting and playing DFS.
    I am first and foremost a horse player and I learned although I’ll never retire from it , if I want to keep my bankroll in tact and turn a profit I will bet win place along with an exacta..(for example)
    Or I can piss it away constantly chasing the life changing Pick 6 (which is what DFS is) and watch my money go consistently down the toilet.

    Huge huge difference between sports betting and DFS. Have to disagree there and so does my bankroll…lol

  • XxHeisenbergxX

    @Stewburtx8 said...

    I do not agree with this and I am not sure why so many people here seem to think sports betting is easy. It certainly is not.

    Sports betting is definitely not easy, especially if you have no self control or bankroll management. I am not sure what people here consider turning a profit. But for me here is my definition of profit: I already have a very good job -( DFS, sports betting, horse racing will never be my job…nor do I want it to be.) I started with a bankroll in late of 2015 (after years of losing week after week) tweaked my playing habits, concentrated on things that I feel I excel at only and I have not used one single paycheck or had to replenish that bankroll since. That to me is profit and succeeding at any form of gambling I choose to do.

  • jtkucheck

    @TPSC said...

    I appreciate this post so much because it reminds me that some people are just really stupid. And also super willing to get involved in discussions on things they are stupid about.

    Lol

  • emnj69

    @Stewburtx8 said...

    I do not agree with this and I am not sure why so many people here seem to think sports betting is easy. It certainly is not.

    I did not say it is easy, I said it is easier to profit doing it than DFS- big difference.

  • Mcdonacr

    @Lathum said...

    You literally could not be more wrong.

    My dad owned a pharmacy when I was growing up, I used to work there when I was in my teens.

    There was also a Western Union in there ( you may be to young to know what that is). People could cash their paychecks there. Every Friday I would literally see countless people cash their checks then peel of half from the top and buy scratch offs. Those things are a tax on the stupid and every bit as dangerous as other forms of gambling.

    Completely agree

    I used to sell the lottery and every single friday we would sell books of those things to morons who would buy them over and over

    Its a tax on the lower income as they make up about 80% of who buys them

  • Stewburtx8

    • 2012 FanDuel WFBC Finalist

    @emnj69 said...

    I did not say it is easy, I said it is easier to profit doing it than DFS- big difference.

    Well I would disagree with that as well. At least my personal experience would say otherwise in a pretty big way.

  • raiders7532

    Im waiting for Draftking to have it’s own Sports betting company. It’s always a hassle to get paid by offshore sports book.
    They ask for recent utility bills, your signature with a copy a photo ID etc.To much bullchit.

    Yahoosports is behaving like an offshore sports books, they are demanding a fuken photo ID.

  • raiders7532

    @Stewburtx8 said...

    I do not agree with this and I am not sure why so many people here seem to think sports betting is easy. It certainly is not.

    I have made 5 digit $$$ in sports betting .I haven’t made any money in DFS,i don’t play much money compared to sports betting.

  • jtkucheck

    @raiders7532 said...

    I have made like double digit $$$ in sports betting

    … so $10?

  • raiders7532

    Will Vegas have online sportsbooks?

  • Stewburtx8

    • 2012 FanDuel WFBC Finalist

    @raiders7532 said...

    I have made like double digit $$$ in sports betting .I haven’t made any money in DFS,i don’t play much money compared to sports betting.

    Again, maybe you and others have figured out a system to beat super efficient lines. I’ve had my ups and downs and am having the best year I ever had sports betting currently. But I’m still probably a lifetime loser at sports betting (at least on bets that I have made). DFS on the other hand I have received a 1099 from one or both sites every year starting in 2012. Not life changing money, some years better than others, but a pretty consistent profit stream. But to each their own.

  • emnj69

    @Stewburtx8 said...

    Well I would disagree with that as well. At least my personal experience would say otherwise in a pretty big way.

    we can agree to disagree-the % that actual profit in DFS is very small. I am one of those folks that do profit but I understand it is hard and lots of luck involved due to competing against mass entry folks. I may not have the big prize upside in sports betting unless i do parlays and teasers but most weeks I will be profitable and not going against guys that have thousands of teams entered.

  • raiders7532

    @jtkucheck said...

    … so $10?

    Im meant 5 digit profit

  • Stewburtx8

    • 2012 FanDuel WFBC Finalist

    @raiders7532 said...

    Will Vegas have online sportsbooks?

    Unless the federal law changes, no, unless they apply for state specific licenses. A lot of the companies that own Vegas casinos also own casinos throughout the country though anyways. This is going have to be legalized on a state by state basis. And unless states pool players and allow for interstate competition, you will only be allowed to bet in the state you reside.

    A company like DraftKings would have to apply for a specific license in each state and possibly even offer different platforms depending on various state laws and regulations.

  • Stewburtx8

    • 2012 FanDuel WFBC Finalist

    @emnj69 said...

    we can agree to disagree-the % that actual profit in DFS is very small. I am one of those folks that do profit but I understand it is hard and lots of luck involved due to competing against mass entry folks. I may not have the big prize upside in sports betting unless i do parlays and teasers but most weeks I will be profitable and not going against guys that have thousands of teams entered.

    Well to me that comes down to game selection in DFS more than anything else. If you are playing 1-3 lineups per night, you should not be entering them in the biggest, super top heavy contests where most of the mass entry pros have 150 lineups each night. You will not profit unless you get very lucky. But unfortunately most DFS players are allured by winning life changing money, so they put their lineups in lotteries. You could have a long term skill edge/+EV in those contests and still not realize that profit in your lifetime due to how much variance there is.

    Enter single entry and 3 max GPP’s with good prize structures. Focus on smaller slates and niche sports where there is less information and less high level pros. Just my opinion.

  • raiders7532

    @Stewburtx8 said...

    Again, maybe you and others have figured out a system to beat super efficient lines. I’ve had my ups and downs and am having the best year I ever had sports betting currently. But I’m still probably a lifetime loser at sports betting (at least on bets that I have made). DFS on the other hand I have received a 1099 from one or both sites every year starting in 2012. Not life changing money, some years better than others, but a pretty consistent profit stream. But to each their own.

    I parlay props. Like who is going to win AFC west in NFL. Who wins PAC-12 South,sprinkle in NBA props,politics in the parlay . Also add season wins over and under props .Wait 6-8 months to win.

    I usually parlay 6-25 props per parlay, bet low expect big winnings.

    That’s how i make alot of my money .I have like 75-125 parlay prop bets for the football season combined with other sports or politics.

    It’s fun because you don’t lose your bet on one day. You follow the teams games etc for the season.

  • emnj69

    @Stewburtx8 said...

    Well to me that comes down to game selection in DFS more than anything else. If you are playing 1-3 lineups per night, you should not be entering them in the biggest, super top heavy contests where most of the mass entry pros have 150 lineups each night. You will not profit unless you get very lucky. But unfortunately most DFS players are allured by winning life changing money, so they put their lineups in lotteries. You could have a long term skill edge/+EV in those contests and still not realize that profit in your lifetime due to how much variance there is.

    Enter single entry and 3 max GPP’s with good prize structures. Focus on smaller slates and niche sports where there is less information and less high level pros. Just my opinion.

    my net profit was about 130k this past year-I am a very small fish that plays as a hobby(I do put lots of time in though) trying to compete in a shark world. The odds are stacked against me and lots of luck needed no matter how good I think I am . I know my results are hard to duplicate for sure. Sports betting will be easier for me to finish in the money-I just have to get the games right not worry about if fred has 1000 teams entered vs my 5… I am good at picking NFL but was not willing to do the offshore of bookie thing-this ruling is great for me and a track about 15 minutes down the road from me is great as well

  • rannas23

    @emnj69 said...

    my net profit was about 130k this past year-I am a very small fish that plays as a hobby(I do put lots of time in though) trying to compete in a shark world. The odds are stacked against me and lots of luck needed no matter how good I think I am . I know my results are hard to duplicate for sure. Sports betting will be easier for me to finish in the money

    Wow..congrats emnj69…130k net profit is awesome. I would be happy with a fraction of that. Will you be going away from DFS once sports betting is set up in the states? Can you make the same amount in sports betting as the 130k you pulled out? Congrats again on a great year.

  • emnj69

    @rannas23 said...

    Wow..congrats emnj69…130k net profit is awesome. I would be happy with a fraction of that. Will you be going away from DFS once sports betting is set up in the states? Can you make the same amount in sports betting as the 130k you pulled out? Congrats again on a great year.

    Thanks very much.
    I will be focusing my attention on sports betting as I am better at it and I am not competing with thousands of teams from the same guy. I just have to call the games right. Last year was my best DFS year and I honestly do not know if I could replicate it.

  • stellagirl

    I understand the excitement.

    That said, does anyone really know how these changes will roll out?

    The court ruling just eliminated the FEDERAL hurdle. My guess is that most states would have plenty of work to do from a legislative perspective should they even WANT to legalize sports betting. I would also guess there are states with no laws on the books – someone is going to pop up a store front, there will be an injunction until it’s all figured out, and the lawyers will get rich.

    This isn’t going to happen overnight. The degens here that are talking about quitting DFS to save for the sports book will be back here by FRIDAY for their fix, myself included!

  • tippycat

    @stellagirl said...

    I understand the excitement.

    That said, does anyone really know how these changes will roll out?

    The court ruling just eliminated the FEDERAL hurdle. My guess is that most states would have plenty of work to do from a legislative perspective should they even WANT to legalize sports betting. I would also guess there are states with no laws on the books – someone is going to pop up a store front, there will be an injunction until it’s all figured out, and the lawyers will get rich.

    This isn’t going to happen overnight. The degens here that are talking about quitting DFS to save for the sports book will be back here by FRIDAY for their fix, myself included!

    I live in Pennsylvania and last year they pass legislation for sport betting in anticipation of a favorable SC ruling. The casino’s must put up 10 million and pay 36 percent on revenue from sport betting. That is very high and will affect the bettor. Personally, I care very little about sport betting and it will not alter me from playing DFS.

  • Stewburtx8

    • 2012 FanDuel WFBC Finalist

    @tippycat said...

    I live in Pennsylvania and last year they pass legislation for sport betting in anticipation of a favorable SC ruling. The casino’s must put up 10 million and pay 36 percent on revenue from sport betting. That is very high and will affect the bettor.

    Yes, our legislators here are completely illogical with this. I am not sure if more than 1-2 casinos will pay the ridiculous fee. That will reduce competition, which is terrible for the bettors. Sports betting is a low margin industry so I am not sure why they think they can tax it at a rate 2-3x higher than the current tax on table games. Then charge an insane licensing fee as well. Stupid.

    Other states are much more logical with the sports betting laws they are putting in place.

  • bigez952

    @Stewburtx8 said...

    Yes, our legislators here are completely illogical with this. I am not sure if more than 1-2 casinos will pay the ridiculous fee. That will reduce competition, which is terrible for the bettors. Sports betting is a low margin industry so I am not sure why they think they can tax it at a rate 2-3x higher than the current tax on table games. Then charge an insane licensing fee as well. Stupid.

    Other states are much more logical with the sports betting laws they are putting in place.

    I have heard so much talk about how reversing this rule will lower rake for DFS as well as sports betting but I know there is really no way that will happen. All of these states are only going to allow this to happen if they can tax the living hell out of it so I think it would be tough to only see a 10% take for sports betting outside of Nevada which already has favorable tax structures towards sports betting. I wouldn’t be surprised at all to see 15-20% as the standard take in some states due to the insane taxes and fees the states will command to allow it.

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