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  • jstevens2k11

    Im surprised there isn’t a thread on this already: https://about.draftkings.com/2018/02/26/draftkings-hires-sean-hurley-as-head-of-sportsbook/

    “Boston, MA (February 26, 2018) – DraftKings, Inc. today announced Sean Hurley has been hired as the new Head of Sportsbook to help build, launch and drive the sports betting vertical at DraftKings. In this newly created role, Hurley will report to Chief Revenue Officer and co-founder, Matt Kalish.

    “Sean brings a wealth of gaming experience to DraftKings and furthers our ability to be a leader in the sports betting market,” said Kalish.

    Hurley will be based in DraftKings’ newly opened office in Hoboken, New Jersey. He will focus on preparing Sportsbook as a potential new line of business for DraftKings in anticipation of the pending Supreme Court decision in Christie v. National Collegiate Athletic Association.

    Prior to joining DraftKings, Hurley gained extensive knowledge of the iGaming space with senior roles in both B2B and B2C companies. Most recently, Hurley led sales and commercial for Amelco, a sportsbook and trading platform supplier based in London.”

    Not too long ago we couldn’t touch the words gambling and DFS together with a 10-foot pole. Fast forward to today and its their new line of business? Seems interesting, I guess Im impartial at the moment because this is all the info we have.

  • tbird05

    Let the “is legalized sports betting good or bad for DFS” debate begin!

  • Njsum1

    If sports betting was legalized, why would it have to be a “vertical.” The best move IMO would be to create a hybrid product. DK should still offer seperate products as well, yet a hybrid product solves a lot of DFS’ current problems. Personally, I don’t bet on sports and I’d have no interest in doing so even if it was legalized. I like building lineups, that’s it. I also don’t play cash games, yet I would if…..

    DFS cash games were played against the house. For example…house says hit this score for 2x, 3x, 4x….10x your $$…and so on and so forth. Gets rid of the problem of lineup sellers as lineup sellers now become like sports betting touts, and players don’t have to worry about getting passed by a 500 person train in a 50/50 or double up from the same seller. The onus is now on the house or site, to post sharp multiplier lines, same as an oddsmaker. Granted, it’s a lot of risk for DK to take on, so they’d probably have to run extensive trials to see if this type of game would be profitable for them. They could also post over/under lines for fantasy scores on individual players, much like a prop.

    The sites could also lower the rake significantly on this type of game, making it more akin to sports betting. They’d also be getting a built in edge due to injury or an after lock late scratch. (Even if late swap was permitted, as some scratches occur after the announced game time, yet before the game actually starts) Just some food for thought. Lot of possibilities if sports betting does in fact become legal.

  • qatman

    For the most part legalized sports betting will destroy DFS. Most people would rather bet on a team to win a game (easy to see who wins) than try to figure out the intricacies of scoring systems for DFS etc. Even the rake should be the same or better. Once I can legally bet sports I will never play DFS again.

  • Srmustangs

    If they are smart they will go the BETFAIR or Matchbook road to become the stock market of sports. Dealing 115 or 120 lines is probably reality in what they will do which will keep even more sharks away. The only way the seed money gets paid off and an ipo happens is by making the right decision. But as we have seen with the dfs rake increases and pulling the wool over the eyes of the customers constantly I’m sure they will f it up. Whomever becomes the pinnacle or matchbook of the US will get all the monies.

  • jmo26

    @qatman said...

    For the most part legalized sports betting will destroy DFS. Most people would rather bet on a team to win a game (easy to see who wins) than try to figure out the intricacies of scoring systems for DFS etc. Even the rake should be the same or better. Once I can legally bet sports I will never play DFS again.

    Destroy is a strong word — a lot of people perceive sports betting to be “against the house,” whereas DFS is against other individuals (though that’s obviously less the case now that there’s so many touts, projection systems, etc. out there). I know a lot of DFS players are poker players, but a lot are also fantasy sports players, and not necessarily interested in bringing the majority of their money over to sports betting (of course some will be).

    I dabble in a little bit of sports betting, and it might increase some if it were legalized in the US, but it would never replace DFS for me.

    If rake continues to increase though, might have to eventually abandon DFS anyways.

  • drewcrawford03

    • 2019 FanDuel FantaSea Finalist

    • 191

      RG Overall Ranking

    • 2018 FanDuel WFFC Finalist

    First thought for me- when sports betting is inevitably legalized, does College Football/Basketball DFS return?

  • nickfromcwe

    • 340

      RG Overall Ranking

    • Ranked #18

      RG Tiered Ranking

    @drewcrawford03 said...

    First thought for me- when sports betting is inevitably legalized, does College Football/Basketball DFS return?

    I was wondering the same thing. The NCAA is still going to go after states to try to make amateur sports betting a no-go, but it is tough to say how successful they will be.

  • jmo26

    @nickfromcwe said...

    I was wondering the same thing. The NCAA is still going to go after states to try to make amateur sports betting a no-go, but it is tough to say how successful they will be.

    There may also be regulations in place that prevent this from happening for DFS… not sure.

  • nickfromcwe

    • 340

      RG Overall Ranking

    • Ranked #18

      RG Tiered Ranking

    @jmo26 said...

    jmo26

    It will be interesting to see. I think college basketball was still a tough sell, but CFB DFS was definitely on the upswing the year before the NCAA made deals with FD and DK. I am hoping it will be back in full force this year.

  • Boneys2000

    If I could bet on sports legally in Ohio I would never do Drs again

  • wolfjb1

    I went to Vegas a couple of weeks ago and downloaded the playMGM app to bet live on sports all weekend long and it changed my life. Well, it actually didn’t change my life at all, but it was really great! I went to a Golden Knights game and I could actually throw down prop bets during the game from my seat! Amazing.

    I would love if we could do that all day, every day, from anywhere. Being a regular schmoe, not a DFS shark, who attends maybe 10 live sporting events a year, I’m sure I would bet a few bucks on most game that I attend, throw down a few bucks here and there on games while sitting on my sofa on a random weekday night when the kids go to bed. Most likely, DFS just wouldn’t be that interesting to me anymore, and I’d stop throwing my money away in hopes of that big GPP win, but I have to wait and see.

  • gje627

    Excellent thread, thanks @jstevens2k11 for posting.

    Like many who have weighed in here, I would also probably move most of my money to sports gambling at the expense of DFS.

    A couple of thoughts that I would love to hear the opinion of other DFSers on though.

    First, I wonder if us regular DFS players would have a decent edge betting on sports when compared to the newbies who would start betting after gambling is legalized?

    After all, in DFS we are required to analyze data at the player-level as opposed to the team level. Granted salary caps would be removed, but I think our comfort and familiarity with working with data at the granular level would be helpful in determining how teams in the aggregate would perform overall. Yes, I understand that rather playing against other contestants we are playing against the house, but remember odds are set to maintain an equilibrium on both sides of the over/under, based on all wagers, so the edge would be in betting at the margins; so the “fish” would likely be playing the wrong-side thereby pushing the book’s odds further in our favor.

    Second, if you recall, all the varying state laws/regulations governing DFS were put in place to solve the “Is DFS gambling dilimena?”. If gambling were no longer illegal and states could allow legalized sports betting under Federal law, would the restrictions sites like FanDuel and Draftkings put in place for DFS essentially become moot when states are no longer concerned about violating Federal law governing sports betting/gambling.

    If so, will DFS return to the “Old-West” days where contest entry limits are eliminated and syndicate play is no longer frowned upon.

    While I understand these are two (2) vastly different questions, I would really love to hear everyone’s thoughts on either or both….

  • hautalak

    @gje627 said...

    After all, in DFS we are required to analyze data at the player-level as opposed to the team level. Granted salary caps would be removed, but I think our comfort and familiarity with working with data at the granular level would be helpful in determining how teams in the aggregate would perform overall. Yes, I understand that rather playing against other contestants we are playing against the house, but remember odds are set to maintain an equilibrium on both sides of the over/under, based on all wagers, so the edge would be in betting at the margins; so the “fish” would likely be playing the wrong-side thereby pushing the book’s odds further in our favor.

    I think there are both sides to this argument. I think some of what would happen is the people that are betting on books online (illegally) would move some if not all their action to the legal side. Therefore we would be getting a lot of the veterans that have been handicapping for a long time and most likely understand things a lot better than us. I do think there would be some “fish” but I feel like they would always bet money lines, O/U, home teams, etc. I don’t see them parlaying bets, getting involved with much of the prop stuff, or betting on sports they don’t know much. So in the end I do not think the daily DFS guys get too much of an “edge” because of all the guys already sports betting illegally.

    And I think there’s still gotta be some limit regulations or it becomes who has the larger BR, not who is the best at making lineups. Yes, this is too general because you obviously have to bee really good but once you combine extensive knowledge and a BR you are setup to do well and anybody throwing in I’ll say even 20 lineups has little chance of matching whoever’s > 150 lineups. I do think all entry limits might go back up to 150 at least and based on what I’ve read here, that seems like it would be a good thing.

    Now it’s just time to play the waiting game.

  • Yacht67

    Sportsbook is perfect for Dk and Fanduel. Betting money goes to DFS money. DFS money goes to betting money. People take betting winnings play big GPPs..etc Brings in more money for the site. Will bring in more money for DFS pools.

  • timgodd375

    @Yacht67 said...

    Sportsbook is perfect for Dk and Fanduel. Betting money goes to DFS money. DFS money goes to betting money. People take betting winnings play big GPPs..etc Brings in more money for the site. Will bring in more money for DFS pools.

    And hopefully lower rake if they aren’t incompetent

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