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  • GaryPoupon

    I’m not sure too many people are aware of this, but the current standard in giant football majors on Draft Kings awards 30% of the field, and only awards 5% to first place.

    Majors with this payout:

    500k GTD $5 Flea Flicker
    500k GTD $9 Slant
    100k GTD $27 No Huddle (3 entry max)
    100k GTD $100 Hot route (6% to first)
    100k GTD $50 Chop Block
    100k GTD $12 Hail Mary
    100k GTD $2 Safety
    200k GTD $5 Nickel (3 entry max)

    200k GTD $1 First Down (EXTRA SPECIAL NOTE: $5000 TO FIRST PLACE, that is 2.5% folks)
    100k GTD $3 (3 entry max) (Another special note: 3% aka $3000 to first)
    100k GTD 25 cent quarter arcarde 2% to first place…

    This isn’t just a few tournaments… this is the majority of Draftkings huge field guaranteed Sunday majors.

    I think it is fine to leave a few select micro majors with these structures such as any beginner tournaments, the quarter arcade, and maybe 1 or 2 other random $1 tournaments. But this is an absolute colossal waste of these amazing prizepools.

    Let’s get the standard 10% to first payout structure back for these majors.

    Then in the absolutely amazing and unprecedented new $3, 5 million guarantee, there is $1 million to 1st

    9th AND 8th get $7500,
    6th for $10,000,
    5th for $15,000,
    4th $25,000, 3rd $50,000, 2nd $100,000.

    Just so this fully sinks in for everybody; this is a 5 mil guarantee $3 with 1.9 million entrants, and you’re getting $25,000 for 4th place out of 1.9 million entrants.

    You might be wondering to yourself “Hmm.. where is the rest of the 5 million prize pool going with these unbelievably weak 2-9th payouts?” Draft Kings is still paying out almost 30% of this field with this ridiculous first prize…
    You can tell your friends “Hey guys I got 7th out of nearly 2 million entrants in a $3 tournament, guess how much money I won? Nope not $100k, it was actually $7500..” DK has this amazing tournament and decides to hybrid it with a 50/50 structure and absolutely destroy the greatness of what this tournament could and should be.

    People entering this tournament understand is a gamble, they know they aren’t entering a 50/50. AT MOST we should see a 15% of field paid structure in order to preserve a semi-respectable final table payout.

    Can we agree upon this? It’s really not asking a ton… 10% to first has been the standard in tournaments for a long time successfully.

    I’m not totally sure how petitions work but if you agree with what’s been said here please reply “Aye Aye”

  • bigticket

    I’m in the structures suck. They raise rake and pay more players. Squeezing the blood out of a turnip until it is dry.

    The biggest joke was a 50k moonshot I played the other day that awarded first place 2% of the prize money.

    Some experiment. They know exactly what they are doing.

  • ksinn2

    Okay… hear me out.

    I’m going to say Neigh. But I only say this for the good of the game. Most of you commenting have been doing this for at least 2-3 years (I assume). You probably still clamor for the good ol’ days of DraftStreet. Things have changed… with all the states out of DFS these days i am kinda shocked we STILL have a price pool offering a million period!

    We have no fish any more guys… look at the tournament you lost tonight… how many people had a badge by their name? New people AREN’T signing up! They find the site, deposit, lose and then go back to their regular life! I have cut back significantly because the competition is just too good… sorry guys, you’re just better than I am. I ain’t mad at ya, just sayin! I play small, wait for a big(ish) win, and then play small off of that for a while. I’ve been doing this for over 3 years, long enough to remember what it was like when 90% of the field had no idea what rotogrinders was. Hell, I’m one of those people that have lifetime incentives, so it’s not like I’m a newbie. And yes, I have badges by my name. At my peak I played between $500-$1000 each night on MLB, won some lost some, cashed out at the end of the season.

    DK and FD are selling the same thing that the lottery is… hope. They are selling hope. They are selling the chance of going to bed with holes in your underwear and waking up a millionaire. They realize that the only chance they have at survival is getting new customers and keeping them and to do that they can’t cash out in the first week. DFS is kinda destined to fail… Small sample size, but of the 20-30 people I knew locally that played are ALL done. THEY DON’T PLAY. I’m the only one still doing it. And now instead of hundreds a night I play 20-75 a night, if at all… I take long breaks from it. One out of THIRTY! That’s not very good customer retention. These sites are businesses, don’t sit around and think that they have your best interests at heart. They need to keep a few more of those thirty.

    Personally, more than anything, all I want is consistency. On FD, somedays the squeeze min cash is $6, somedays it’s $7.50. I rely on cashing 35% of the time, that extra $1.50 makes a difference as I maintain bankroll until I eventually hit a cash of $500+, I mean, that was my game for years. Now, I treat tourney’s as lotto tickets. Cause I get to, for a little while, imagine that there is 15K in my account tomorrow morning. A little bit of mid-afternoon hope is worth three bucks a day personally. And hope is a fickle mistress.

  • thedude404

    • 2015 FanDuel NBA Playboy Mansion Finalist

    Draftkings screws it up yet AGAIN! I was looking to play in their large field tourny so what do i find……the $40 Saturday night special with a $%$%ed up payout schedule. DRAFTKINGS——-NOBODY WANTS THIS PAYOUT SCHEDULE. Its got both a top heavy first place payout with the bottom TWO tiers of payout not even paying double your money. Its like combining two really crappy payout structures into one big huge piece of crap payout structure.

    Here is what I’ll do Draftkings. I’ll take time out of my day to show you how to make a payout schedule that most everyone will like instead of NOBODY liking:

    $40 entry $275k total prize pool 150 max entry 7947 entries

    1st $25k
    2nd $15k
    3rd $10k
    4th $7k
    5th $6k
    6th $5k
    7th $4k
    8th-10th $3k
    11-15th $2k
    16th-20th $1,000
    21st-50th $500
    51st-100th $300
    101st-200th $200
    201st-300th $150
    301st-500th $120
    501st-1000th $100
    1001th-1500th $80

    And yes, it all adds up I double checked it.

    HIGHLIGHTS:

    *smaller 1st and 2nd place
    *higher 4th-10th places
    *top 20 gets at least $1,000 instead of top 15
    *top 50 gets at least $500 instead of top 30
    *top 100 gets at least $300 instead of top 60
    *last payout is double your money, not 1.5x and 1.75x
    *cuts percentage paid down from 22.46% to 18.88%

    Yes, top prize is cut down by $25k and 2nd cut down by $5k. However, virtually EVERY other payout is improved. Tenth pays 12% of first instead of 3% of first.

    And to ANYONE who says first place doesnt pay enough….how many first places have you won out of all your GPP entries? What percentage of all your entries were first places?

    I did this by hand and it took me about 45 minutes. I will take a wild guess that you have a computer program that figures these payouts for you. Why is it that small buy in/large prizepool tournaments seemingly ALWAYS have crappy payout schedules? Why in the hell is this seemingly so difficult??????

  • GimmieDatW2

    Another glorious day of first place payouts. Your reward for outlasting 15.6K runners in the early 3 dollar today? 1K. You reward for outlasting 125K runners in the 4 dollar? 4K.

    I mean why not at least mix up the structures a bit with two different events. You can let all the ninnys that care about their 5% ROI on 3 dollars play the flat structures all day and then give us degens one of the events to go for like 10% of a 1st place prize pool

  • escot4

    • x2

      $2M Prize Winner

    • 2016 DraftKings FFWC Champion

    @thedude404 said...

    $40 entry $275k total prize pool 150 max entry 7947 entries

    1st $25k
    2nd $15k
    3rd $10k
    4th $7k
    5th $6k
    6th $5k
    7th $4k
    8th-10th $3k
    11-15th $2k
    16th-20th $1,000
    21st-50th $500
    51st-100th $300
    101st-200th $200
    201st-300th $150
    301st-500th $120
    501st-1000th $100
    1001th-1500th $80

    And yes, it all adds up I double checked it.

    Just want to second this as a great payout structure. Solid from top to bottom.

  • Zieg30

    • 2018 DraftKings FGWC Finalist

    @thedude404 said...

    while i agree paying the top 30% is too much (i personally think it should be top 20%), the real problem as its always been is paying $1million to first. Knock that down to $250k and spread the other $750k out over the field. Pretty simple.
    1st $250k
    2nd $175k
    3rd $100k
    4th $75k
    5th $50k
    6th $40k
    7th $30k
    8-10 $25k

    Spread the rest out over the rest of the remaining top 20%. Of course that could use some tweaking as well as it took me an entire 3 minutes to come up with that payout structure. Essentially what I“m saying is a sack is worth $75k. Draftkings evidently thinks a sack is worth $900k.

    I should also add, there should not be any regular daily tournaments where first prize is $1million. Its idiotic. Save the $1million first prizes for the season ending tournaments that players have to qualify.

    Draftkings just doesnt get it. Or they dont want to get it.

    This is the payout structure we should have a petition in favor of. Get rid of that stupid first place prize and spread it out more amongst the top 1% of the field. I’d still be happy coming in first and winning $250K.

  • thedude404

    • 2015 FanDuel NBA Playboy Mansion Finalist

    @Zieg30 said...

    This is the payout structure we should have a petition in favor of. Get rid of that stupid first place prize and spread it out more amongst the top 1% of the field. I’d still be happy coming in first and winning $250K.

    I dont know who Draftkings is listening to, if anyone. People want to pay for a large first prize. But that doesnt mean you have to create a pay structure that sucks. I dont know, maybe the majority of Draftkings player pool just doesnt know any better. I think the educated player and the vast majority of smart players want this type of payout structure for large prizepools, not a “winner take all” type of prizepool.

  • sqwerl

    Nah, These pools are way too top heavy. 30% payout with 5% top prize.

  • GaryPoupon

    @GimmieDatW2 said...

    Another glorious day of first place payouts. Your reward for outlasting 15.6K runners in the early 3 dollar today? 1K. You reward for outlasting 125K runners in the 4 dollar? 4K.

    I mean why not at least mix up the structures a bit with two different events. You can let all the ninnys that care about their 5% ROI on 3 dollars play the flat structures all day and then give us degens one of the events to go for like 10% of a 1st place prize pool

    Yes this was my argument in the petition as well. FANDUEL is doing this, they currently have two $2 200k GTD tournies, one with 30k to first, and one with 10 k to first. The more I play, the more I realize Fanduel is a hell of a lot more reasonable. Fanduel uses the 10% to first payout as well in everything I believe but their big $1 and this $2, not positive on that though

  • GaryPoupon

    Zieg, escot, and Dude, the payout you are arguing for that you copy and pasted is very close to the 10% to first place structure that the petition is arguing for. Feel free to aye aye

  • britdevine

    • 2014 StarStreet MLB Playboy Mansion Finalist

    Its pretty crazy that with how far DFS has come, these payout structures are still so wack, there are plenty of GPP’s week 1 on DK for NFL that are almost unplayable.

    It’s not Rocket Science we are talking about here

  • GaryPoupon

    @britdevine said...

    Its pretty crazy that with how far DFS has come, these payout structures are still so wack, there are plenty of GPP’s week 1 on DK for NFL that are almost unplayable.

    It’s not Rocket Science we are talking about here

    Legitimately becoming unplayable!!! This is why I was compelled to create this petition.

  • Olhausen

    @escot4 said...

    Just want to second this as a great payout structure. Solid from top to bottom.

    Agreed +1

  • jsw3ent

    I don’t think they will ever get it . What brought the “casual player to the game in the first place is the chance/lure/hope to win REAL $$$MONEY$$$ that will change lives if they finish high. They think by paying more spots/places that they will keep the “casual” fan——ignoring the fact that they play with the hope of winning BIG $$$MONEY$$$. They think if they lose the bankroll that they won’t reload. That couldn’t be farther from the truth. The underestimate the desire for people to play——we are all degenerates so to speak LOL. People go broke everyday at casinos but are soon back. People run out of beer/lottery money but are soon drinking beer and buying lottery tickets. The “casual fan” if they are fortunate to finish 1st—-wants to win money enough to make a real change in the way of life.

  • GaryPoupon

    @jsw3ent said...

    I don’t think they will ever get it . What brought the “casual player to the game in the first place is the chance/lure/hope to win REAL $$$MONEY$$$ that will change lives if they finish high. They think by paying more spots/places that they will keep the “casual” fan——ignoring the fact that they play with the hope of winning BIG $$$MONEY$$$. They think if they lose the bankroll that they won’t reload. That couldn’t be farther from the truth. The underestimate the desire for people to play——we are all degenerates so to speak LOL. People go broke everyday at casinos but are soon back. People run out of beer/lottery money but are soon drinking beer and buying lottery tickets. The “casual fan” if they are fortunate to finish 1st—-wants to win money enough to make a real change in the way of life.

    Totally agree that the casual fan also looks for the top payouts and not ‘how many people are being paid’ in any event

  • jsw3ent

    @GaryPoupon said...

    Totally agree that the casual fan also looks for the top payouts and not ‘how many people are being paid’ in any event

    ^^^^^THIS^^^^^——you said it fewer words—-exactly what I was trying to say LOL.

  • noddy

    @jdtrey said...

    You’re completely missing the point. They literally just switched to this new structure in the last month after testing it out and realizing they could keep more of their customers paying rake for longer like this,

    DK is trying to maximize rake which is why it’s paying 30% (15-20% is where it should be)
    The million top prize is the single biggest problem with prize pools, period.

    Well said. They keep more people playing by paying more people. And that is more rake for them. I understand why they are doing it, but DK has really become a bad company lately in so many ways. They do not give a shit about us. It is possible to run a profitable company and care about their customers. They do not care one bit.

  • RangerC

    @britdevine said...

    Its pretty crazy that with how far DFS has come, these payout structures are still so wack, there are plenty of GPP’s week 1 on DK for NFL that are almost unplayable.

    It’s not Rocket Science we are talking about here

    DK does NOT know what they are doing – just look at the Olympic / JDC golf fiasco (went from making a guaranteed 150K in rake between the two events to breaking even after the overlay on the Olympics), or how they shrink tournaments that always fill early (we have a 7555 entry $3 EURO event this week even though the weakest field of all time in EURO golf (Lyoness Open) filled a 10K entry tourney early).

    BTW rake going up from 10-13% on small tourneys has a lot to do with the shrunken prize pool – take an extra 5% (10% rake instead of an insane 15%) of the entry fees and put it onto 1st place – everything looks better now, right.

  • NESBears120

    Aye Aye I love the idea of min cashing gets double your enter fee even if it means less people get paid.

  • gofast36

    Thank you for posting this Gary! You’re absolutely right that Draftkings is making some horrible mistakes when it comes to their payout structures! I just looked at the payout structures in the Millionaire Maker, and the one thing that really stands out to me is that DK is paying out $5 apiece to the people who finish between 285001 and 542850!

    This is eating up almost 1.3 Million Dollars of the Prize Pool! That’s insane! Does anyone really care about getting a $5 payout for a $3 entry fee in a tournament with a 5 Million dollar prize pool, that pays out 1 Million for 1st place?

    For God’s sake Draftkings, please take that 1.3 Million Dollars, and add it to the payouts for the top 10-20 finishers of this tournament!

  • gofast36

    delete

  • gofast36

    @gofast36 said...

    I agree with you, that the payout structures definitely need to improve. However, it’s not always easy to come up with the perfect payout format that’s going to please everyone. So, instead of just saying that these payout structures are “Wack” which I agree with. I’d love to hear a specific suggestion from you as to what would be an optimal payout structure in these tournaments?

    After I click on edit, is their a delete button?

  • Hogwired

    1st $250k
    2nd $175k
    3rd $100k
    4th $75k
    5th $50k
    6th $40k
    7th $30k
    8-10 $25k

    This^^
    With a 10-entry limit
    Would always fill

  • Hogwired

    @gofast36 said...

    Thank you for posting this Gary! You’re absolutely right that Draftkings is making some horrible mistakes when it comes to their payout structures! I just looked at the payout structures in the Millionaire Maker, and the one thing that really stands out to me is that DK is paying out $5 apiece to the people who finish between 285001 and 542850!

    This is eating up almost 1.3 Million Dollars of the Prize Pool! That’s insane! Does anyone really care about getting a $5 payout for a $3 entry fee in a tournament with a 5 Million dollar prize pool, that pays out 1 Million for 1st place?

    For God’s sake Draftkings, please take that 1.3 Million Dollars, and add it to the payouts for the top 10-20 finishers of this tournament!

    These people might likely have to rebuy/redeposit because they don’t get back 2 full buy-ins. This is intentional.

  • thedude404

    • 2015 FanDuel NBA Playboy Mansion Finalist

    Draftkings back at it today with the $4 “Superslurve”

    $4 entry $300k prizepool 88,200 entries top 22,080 get paid

    1st $50,000.00
    2nd $10,000.00
    3rd $5,000.00
    4th $3,000.00
    5th $2,000.00
    6th $1,500.00
    7th – 8th $1,000.00
    9th – 10th $750.00
    4881st – 7380th $8.00
    7381st – 11380th $7.00
    11381st – 22080th $6.00

    Again, just a completely absurdly bad payout structure. Top heavy AND paying out $6 and $7 for a $4 entry.

    Ninth AND Tenth place pays out ****1.5%**** of first place. This takes things to an all new low. It’s like they are trying to come up with the worst possible payout structures.

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