INDUSTRY FORUM

Comments

  • ataros

    Good work Fantasydraft on innovating in the industry. It seems like they’ve launched their new platform today where all games are 100% rake free.

    You just have to pay a monthly membership fee based on the volume of contests you enter each month. There’s a free basic level. Pretty innovative idea, I hope it gains some traction.

    It’s pretty much a no-brainer to get some action down there now compared to paying 15%+ of every buyin toward rake.

    I’ve been playing there a while, the Fantasydraft team is pretty top notch.

    -deeevo

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    • Last Updated 5 months ago
  • yisman

    Will be signing up as a “Starter” and then perhaps upping it to “Professional” once we hit NFL/NBA/NHL season.

    For just MLB, starter should be fine.

    https://twitter.com/2lockSports/status/1156132426504167424/photo/1

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    • Last Updated 5 months ago
  • giantsfan12345

    one of the worst ideas ever. Good luck getting any casual player to come to the site for a subscription fee. That is the last thing people want to worry about. Oh by the way good luck getting a high volume player to deposit with a 3% deposit fee. that is borderline criminal

  • giantsfan12345

    also imagine call this rake free lol. Some seriously misleading marketing, looks like they were listening to sean at Rotoradar a bit too much

  • FantasyDraftSupport

    • FantasyDraft Representative

    @giantsfan12345 said...

    one of the worst ideas ever. Good luck getting any casual player to come to the site for a subscription fee. That is the last thing people want to worry about. Oh by the way good luck getting a high volume player to deposit with a 3% deposit fee. that is borderline criminal

    If a player deposits $5,000, with a processing fee of 3%, that is $150.

    If this player enters $5,000 worth of contests with the money they deposited, now on FantasyDraft, they pay $0 rake, compared to at least $500 rake (10%) on other sites depending on which contests, possibly up to $750. That is already a 3x to 5x savings on the first time the money is played. This increases exponentially as more money is played in contests that are not being raked at all.

    The math clearly states that this is in the player’s benefit… and creates more winning players since there is no rake squeezing the prize pool.

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    • Last Updated 5 months ago
  • nickps

    • 158

      RG Overall Ranking

    • Ranked #14

      RG Tiered Ranking

    @giantsfan12345 said...

    one of the worst ideas ever. Good luck getting any casual player to come to the site for a subscription fee. That is the last thing people want to worry about. Oh by the way good luck getting a high volume player to deposit with a 3% deposit fee. that is borderline criminal

    I feel like beyond the $100/Month level free subscription players will at least be willing to do the math in their head that the subscription is cheaper than paying the rake elsewhere. I do find the deposit fee to be a bit off putting but I’m still willing to pay that for the benefits I see in this plan. I guess it is probably to encourage players to leave a balance on the site rather than withdraw and redeposit constantly.

  • DFSx42

    @FantasyDraftSupport said...

    If a player deposits $5,000, with a processing fee of 3%, that is $150.

    If this player enters $5,000 worth of contests with the money they deposited, now on FantasyDraft, they pay $0 rake, compared to at least $500 rake (10%) on other sites depending on which contests, possibly up to $750. That is already a 3x to 5x savings on the first time the money is played. This increases exponentially as more money is played in contests that are not being raked at all.

    The math clearly states that this is in the player’s benefit… and creates more winning players since there is no rake squeezing the prize pool.

    you have incredible patience in dealing with some people… you sir deserve a promotion

    also, nevermind the fact that most people who deposit 5k, even if they go broke on it, using proper bankroll management will more likely enter at least 50k worth of contests in it before busto so way.. way more than 5k of raked contests from 5k in the account even if he’s a losing player who eventually ends up broke

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    • Last Updated 5 months ago
  • giantsfan12345

    not rake free how you guys marketed it. You pay a sub fee and a fee on deposits. Both considered some type of rake. Again very shady marketing. You guys already have no volume on your site. False advertising isn’t the way to get loyal customers.

  • giantsfan12345

  • yisman

    @giantsfan12345 said...

    one of the worst ideas ever. Good luck getting any casual player to come to the site for a subscription fee. That is the last thing people want to worry about. Oh by the way good luck getting a high volume player to deposit with a 3% deposit fee. that is borderline criminal

    it’s not uncommon for places to charge a 2-3% fee for those depositing via credit card so they can recoup the fees.

    I’ve seen stores do it.

    Gas stations of course do it.

    I don’t have a problem with it. It’s either that or they raise the prices.

    Complaining about the fees and the subscription plan is silly. Whatever your level of play is, you save money playing at fantasydraft as opposed to paying 15-16% rake at DK and FD (all the big GPPs with buyins of less than $10 have that rake level, IIRC).

    I plan on playing 1000-2000 a month at fantasydraft and it’s easy math to see it’s far superior than playing at DK/FD in terms of my costs.

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    • Last Updated 5 months ago
  • DFSx42

    giantsfan, let me get this straight, one of the largest dfs providers adopts a system that drastically reduces rake and you’re mad? Just want to be clear on that? Why aren’t you complaing to the other sites for not rubbing your nose in the fact that 18% of every prize pool is going to the site?

    I refuse to believe you are anyone other than a sock puppet for a competitor

    you’re nit picking over absurdity and semantics when you should be applauding

    go home

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    • Last Updated 5 months ago
  • yisman

    @giantsfan12345 said...

    not rake free how you guys marketed it. You pay a sub fee and a fee on deposits. Both considered some type of rake. Again very shady marketing. You guys already have no volume on your site. False advertising isn’t the way to get loyal customers.

    the contests are rake-free and anyone can play up to $100 a month without ANY FEES at all.

    So yeah, that is rake-free.

    There are many posters here who play DFS at very low stakes and don’t hit $1,000 a year in entry fees. At fantasydraft, they can play rake-free all year, essentially.

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    • Last Updated 5 months ago
  • zpruitt3

    This aint it chief

  • thedude404

    • 2015 FanDuel NBA Playboy Mansion Finalist

    @giantsfan12345 said...

    one of the worst ideas ever. Good luck getting any casual player to come to the site for a subscription fee. That is the last thing people want to worry about. Oh by the way good luck getting a high volume player to deposit with a 3% deposit fee. that is borderline criminal

    1. The last thing people want to worry about, but one of the first things they SHOULD worry about.
    2. I guess you can interchange “casual player” with “math adverse”.
    3. Smart people will pay 3%+ sub fee which is lower than 15%.
    4. “that is borderline criminal”. Please provide what law(s) they are almost breaking by charging a 3% deposit fee.
    5. There are NO fees if you play $100 or less a month. Which is squarely where your “casual” player exists.

    Get out of here with your dumb BS.

  • thedude404

    • 2015 FanDuel NBA Playboy Mansion Finalist

    I applaud any company not afraid to try something new that is actually beneficial to the customer.

  • Srmustangs

    I applaud the company as well. May I suggest cash deposits such as check or bank check incur no fees. Also the prize pools need to be increased. Even if you have to eat some overlay like yahoo did last year. Playing for a $1k top prize will not move the needle much enticing bigger players to come over to take advantage of the rake free games.

  • bigez952

    @Srmustangs said...

    I applaud the company as well. May I suggest cash deposits such as check or bank check incur no fees. Also the prize pools need to be increased. Even if you have to eat some overlay like yahoo did last year. Playing for a $1k top prize will not move the needle much enticing bigger players to come over to take advantage of the rake free games.

    That’s a lot to ask in my opinion when they have already cut the rake drastically compared to the big sites so how could they greatly increase the prize pools and eat overlay and not go out of business. Yahoo is owned by Verizon and has billions backing it up so they can afford a few losing months but if they cut the rake and offer massive overlay that a recipe to shut the doors very quickly.

  • DFSx42

    giants fan, I apologize for the language I just used, although I find your thoughts foolhardy and ill conceived, it was wrong of me to resort to name calling.

    I’ve since edited my posts and formally apologize. I wouldn’t have been so douchey with my response if the same conversation happened in person and I’m genuinely sorry for reacting that way. I really dislike how dfs is so snarky and combative in the forums and I gotta realize my own role in that.

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    • Last Updated 5 months ago
  • stv1313

    • 849

      RG Overall Ranking

    Hmmmm . . . as a player who reports his DFS activities as self-employed income, I’m guessing that I can claim the subscription fee as a cost of business on Schedule C.

  • Guizzy

    @DFSx42 said...

    giants fan, I apologize for the language I just used, although I find your thoughts foolhardy and ill conceived, it was wrong of me to resort to name calling.

    I’ve since edited my posts and formally apologize. I wouldn’t have been so douchey with my response if the same conversation happened in person and I’m genuinely sorry for reacting that way. I really dislike how dfs is so snarky and combative in the forums and I gotta realize my own role in that.

    You sound like a genuinely nice person, really classy post.

    I wish FantasyDraft operated in Europe! DK has a complete monopoly over here, no getting away from the rake.

  • FantasyDraft_Rep

    • FantasyDraft Representative

    To further clarify the 3% processing fee, this directly offsets our cost to process transactions with CC or PayPal and is not a source of revenue.

    For users that would like to deposit larger amounts we will accept wires, you can contact support@fantasydraft.com to set that up. We are also working on other low cost deposit options we plan to launch prior to NFL so there will be multiple choices.

    We appreciate the feedback, keep it coming!

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    • Last Updated 5 months ago
  • deadphish

    • 435

      RG Overall Ranking

    • Ranked #70

      RG Tiered Ranking

    @FantasyDraft_Rep said...

    To further clarify the 3% processing fee, this directly offsets our cost to process transactions with CC or PayPal and is not a source of revenue.

    For users that would like to deposit larger amounts we will accept wires, you can contact support@fantasydraft.com to set that up. We are also working on other low cost deposit options we plan to launch prior to NFL so there will be multiple choices.

    We appreciate the feedback, keep it coming!

    is Zelle an option you could offer? there are a few sportsbooks that use it. there is no fee. how about bitcoin?

  • joephoto

    @FantasyDraft_Rep said...

    To further clarify the 3% processing fee, this directly offsets our cost to process transactions with CC or PayPal and is not a source of revenue.

    For users that would like to deposit larger amounts we will accept wires, you can contact support@fantasydraft.com to set that up. We are also working on other low cost deposit options we plan to launch prior to NFL so there will be multiple choices.

    We appreciate the feedback, keep it coming!

    I play at another site daily and I fully intended to go back to fantasydraft for last NFL season, but I got caught up chasing Achievement pts instead.
    Always been very happy with everything fantasydraft. I shall return.

  • d_train21

    Maybe part of the attraction is that the bigger players don’t come over. If they can do low stakes casual DFS and be profitable, that’s something. Sure, top prizes have never been the googly-eyed click bait that other sites have. I enjoy playing there and, after some thought, like the change.I guess time will tell.

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    • Last Updated 5 months ago
  • SkateFiend

    I wasn’t able to access the site yesterday so I couldn’t see if their payout structure changed in the new rake free model.

    I’m just wondering how a rake free approach benefits the (casual) player. Is the min cash line lowered to about 25-30%? Will my lineup earn more money as it moves up in the rankings?

    Fantasydraft apparently had the lowest rake in the industry, but I saw little advantage at their site. To win 3 bucks at their 1 dollar $600 single contest, you have to place 40th out of 689. At Yahoo’s one dollar single entry, you have to place 30th out of 228 to win 3 bucks. You would have to place higher at fantasydraft to win more money consistently. I suppose the tradeoff is that payout is more flatter, but winning $2.50 at fantasy draft means I could be winning 3 bucks at another site.

  • bigez952

    @SkateFiend said...

    Fantasydraft apparently had the lowest rake in the industry, but I saw little advantage at their site. To win 3 bucks at their 1 dollar $600 single contest, you have to place 40th out of 689. At Yahoo’s one dollar single entry, you have to place 30th out of 228 to win 3 bucks. You would have to place higher at fantasydraft to win more money consistently. I suppose the tradeoff is that payout is more flatter, but winning $2.50 at fantasy draft means I could be winning 3 bucks at another site.

    If it makes you feel any better you would be lucky to get $2 at DK for a top 5% finish with their lottery style mega top heavy payout structures that so many people love where 1st place takes 30% of the prize pool.

    Site have no way to win in the payout structure battle since everyone has a different opinion of what it should be and could complain about a certain part of it to make a case for the site they like better. At the end of the day it is hard to beat a contest that pays out 100% of the entry fees taken in.

    Fantasy Draft is by far the best site when it comes to having the DFS players best interest in mind but for the life of me I can’t have success in their best 6 of 7 PGA format. I have a god awful win rate over there vs. DK which is why I have been playing over there. However I will be back for the NFL as I love the Fantasy Draft format where you have the option to play up to 4 RB’s.

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