INDUSTRY FORUM

Comments

  • 2Slik

    Can we get it out of the way and discuss the elephant in the room, Stake Kings?

    Is there a difference between lineup selling and crowdfunding?

    I get it but I’m not sure how well this is going to go over.

  • PARKEREMPIRE

    @stlcardinals84 said...

    I will eat tonight’s loss myself and have StakeKings refund all purchases as a thank you for those who gave it a try

    Disregard my previous post, if you do eat the loss then you are the bigger person, thank you. Others would not have done the same. Much respect.

  • lpdev

    @gvn2fly1421 said...

    Cards, I am in this with you but we are sliding… tell me you got some late night hammers waiting?!?!?

    No, I have the late night hammers. Paxton and Stripling FTW!

    https://www.draftkings.com/contest/gamecenter/56651555

  • jeramy576

    @lpdev said...

    No, I have the late night hammers. Paxton and Stripling FTW!

    https://www.draftkings.com/contest/gamecenter/56651555

    Nice! Congrats!

  • depalma13

    How is this site verifying those “investing” are from states where DFS is legal?

  • Scooter87

    • 351

      RG Overall Ranking

    • Ranked #12

      RG Tiered Ranking

    Stakekings

  • SmartWater

    Marketing and Social Media Manager

    Hope everyone enjoyed the sweat! We are giving this a try and will continue to listen to feedback, etc. Thanks again Cards for doing this.

  • krighton

    that Stakekings site needs to have a way to watch how a person you’re staking is progressing throughout the evening…..and their livechat to withdraw is lame…let me click a button please and not have to talk to someone who’s going to try and convince me not to withdraw.

  • krighton

    id rather see StlCards have his own premium package for mlb…….weird the guy who’s winning all the $ doesn’t have an RG package.

  • depalma13

    Do they have a license to sell securities?

  • jayzee666

    @BobbyTheBrain said...

    That’s if he gets first. U think he’s gonna win 50,000 every night 🙄🙄

    Question you have to ask yourself: Can you take that $50 and create your own LUs that will be more profitable than his on a nightly basis? If yes, don’t do this, if no, then it would be worth the risk.

    There are also many other single entry and low cost games where this should supplement, and not take over DFS.

  • rysportguy

    @jhpog said...

    More and more 2018 DFS reminds me of 2010 online poker. I knew a few people who would get enough of themselves staked at a markup that they weren’t actually risking anything but still had a small percentage of winnings. Then they played a ton of volume and just racked up something like 5-10% of their cashes and moved on to the next day. It made sense for all parties involved. The players were happy to get risk free winnings. Those that staked were happy to get pieces of profitable players so it was a rather safe investment as long as they consistently purchased parts of packages.

    I think it makes sense here too. If – for example – STL can get others to pay for his buy ins and he gets a small percentage of total cashes, it’s a lot better than the constant swings and ups and downs. Especially at the type of volume someone like him plays. If I can take $50 a night and bet on STL Cards instead of myself – he is significantly better than I am – then I will be making a better ROI.

    I don’t think there’s anything wrong ethically here. It’s risk management on the players end by mitigating variance and it’s an investment on the backers end. There’s not anyone getting an advantage of playing more lineups in an event than they are supposed to. I prefer this a lot more compared to lineup buying. I know STL said he didn’t do a markup tonight, but even if he did it’s fine in my eyes.

    I don’t think there is any ethical issues with it as long as this doesn’t lead to him entering more lineups than he usually would. If it doesn’t change his amount of play I don’t see how it at all effects his opponents. Since he was already a high volume player I don’t see the issue here.

  • MrFantasy

    The problem with staking/backing deals for DFS is the variance. The variance is probably about 10-20x worse in DFS then in Poker. You are way more likely to recognize your true EV in poker then you ever will in DFS because of the size/entries and payout structures.

  • SunburntDonk

    @krighton said...

    that Stakekings site needs to have a way to watch how a person you’re staking is progressing throughout the evening…..and their livechat to withdraw is lame…let me click a button please and not have to talk to someone who’s going to try and convince me not to withdraw.

    You can watch the contest on DK under live contests. I have used this site previously for poker and the withdraw process is simple.

    Thanks for an awesome sweat STL and an even bigger thank you for eating the loss. Very kind and definitely not necessary. Looking forward to more sweats!

  • tristanwolf

    seems like much ado about nothing to me. if you want to stake a pro for fun, do it, if you don’t play, your own funds. props to STL cards for his gesture.

  • Ravenfan

    Agree 100% with this otherwise there is no “sweat” if you didn’t enter the game yourself and can’t see the results page during the night.

  • TnRiddles

    • Blogger of the Month

    @Ravenfan said...

    Agree 100% with this otherwise there is no “sweat” if you didn’t enter the game yourself and can’t see the results page during the night.

    you can see the contest in resultsdb whether you entered it or not. It updates every 20 minutes

  • SunburntDonk

    @TnRiddles said...

    you can see the contest in resultsdb whether you entered it or not. It updates every 20 minutes

    Am I the only person that simply clicks live contests on DK and finds the event and watches it as it updates live? Very confused.

    You can just search his name in “find a rival” and see all cashing lineups.

  • TnRiddles

    • Blogger of the Month

    @SunburntDonk said...

    Am I the only person that simply clicks live contests on DK and finds the event and watches it as it updates live? Very confused.

    I just use the resultsdb so I can look at lineups from particular users and also see ownership on every player easily

  • SunburntDonk

    @TnRiddles said...

    I just use the resultsdb so I can look at lineups from particular users and also see ownership on every player easily

    Yeah understandable, I was referring to the comment above about not being able to sweat it. How can you get a bigger sweat than real-time updates? lol

  • 2Slik

    Let’s be real. The point of this is moving forward is making money. DFS is competing against your peers and your peers only. Unlike investing in a company there are no resources to be mined or technological improvements to flood the market, its self fed. Slanting the market further towards sharks will really put off a large majority. A huge amount of people make a lineup and hit submit because they thought they heard or found something to help them win. Isn’t that the whole point of RG?

    “Our content, rankings, member blogs, promotions and forum discussion all cater to the players that like to create a new fantasy team every day of the week.”

    Now just give your money to our pros who spend more time and have more knowledge than anyone else. Again a ton of users hope they can literally grind it out and prove they have skill. Now we want to flood the market: 17% rake, 15-25% markup, 25% tax on winnings. How can you possibly think this is a self sustaining model outside of hoping there’s enough degenerates that can’t help themselves. How can you think it’s fun to just pay someone else to play for you after the whole market adapts this practice.

    The thought that pros would only play a set amount despite losing out on potential winnings is beyond naive. If they are willing to risk 10k they want 10k for potential reward. Not to mention if they’re offered 20% for every dollar spent to play DFS they’d be “stupid” not to max enter every slate. With scripts the whole thing can be diluted. Cash games are about dead, now we’re trying to dilute tournaments into the same thing. Lastly again I think the personalities on RG are genuinely great people. Justin lost last night but more interesting is not only did he feel bad despite giving people his expertise for free they are happily taking his money that they willed to lose. Hosts that can’t stomach losing users money and users that want to be paid back for hosts not being perfect. What’s the end game here. This forum will turn quickly.

    I think I’ve said enough and will end it at that unless directly called out. If this is what we have to look forward in the future I really do hope I’m the idiot here.

  • BobbyTheBrain

    @2Slik said...

    Let’s be real. The point of this is moving forward is making money. DFS is competing against your peers and your peers only. Unlike investing in a company there are no resources to be mined or technological improvements to flood the market, its self fed. Slanting the market further towards sharks will really put off a large majority. A huge amount of people make a lineup and hit submit because they thought they heard or found something to help them win. Isn’t that the whole point of RG?

    “Our content, rankings, member blogs, promotions and forum discussion all cater to the players that like to create a new fantasy team every day of the week.”

    Now just give your money to our pros who spend more time and have more knowledge than anyone else. Again a ton of users hope they can literally grind it out and prove they have skill. Now we want to flood the market: 17% rake, 15-25% markup, 25% tax on winnings. How can you possibly think this is a self sustaining model outside of hoping there’s enough degenerates that can’t help themselves. How can you think it’s fun to just pay someone else to play for you after the whole market adapts this practice.

    The thought that pros would only play a set amount despite losing out on potential winnings is beyond naive. If they are willing to risk 10k they want 10k for potential reward. Not to mention if they’re offered 20% for every dollar spent to play DFS they’d be “stupid” not to max enter every slate. With scripts the whole thing can be diluted. Cash games are about dead, now we’re trying to dilute tournaments into the same thing. Lastly again I think the personalities on RG are genuinely great people. Justin lost last night but more interesting is not only did he feel bad despite giving people his expertise for free they are happily taking his money that they willed to lose. Hosts that can’t stomach losing users money and users that want to be paid back for hosts not being perfect. What’s the end game here. This forum will turn quickly.

    I think I’ve said enough and will end it at that unless directly called out. If this is what we have to look forward in the future I really do hope I’m the idiot here.

    all really great points slik, said it before and i will say it again greed will be the demise of dfs if something isnt done. The sites get greedy by allowing the pros to get greedy, which in turn will drive away the casual players who the sharks are feeding on.

  • TnRiddles

    • Blogger of the Month

    This has become way overblown (just like anything new that involves a big name player or tout). I cant see this being the norm in DFS. Its way different than poker. But, I will say, there are nights where I just dont want to build lineups but would still like action. I could see myself throwing some cash behind a player that could win a GPP.

  • jhpog

    @BobbyTheBrain said...

    which in turn will drive away the casual players who the sharks are feeding on

    This is a legit concern. Cash lines in mlb have skyrocketed. We chat about it somewhat frequently in the mlb threads. Recreational players are leaving at a much quicker rate than previous years

  • TnRiddles

    • Blogger of the Month

    @jhpog said...

    This is a legit concern. Cash lines in mlb have skyrocketed. We chat about it somewhat frequently in the mlb threads. Recreational players are leaving at a much quicker rate than previous years

    Every year , ppl want to claim the DFS sky is falling, It is never true. MLB is hard…ppl come running to DFS once NFL starts

  • BobbyTheBrain

    @TnRiddles said...

    Every year , ppl want to claim the DFS sky is falling, It is never true. MLB is hard…ppl come running to DFS once NFL starts

    what do you think is gonna happen once gambling is legal, people are gone. im telling you man they better do something to stop the sharks from manipulating the rules to feed off of the casual players. me personally once i know i can go and bet on an indians or a cubs game im done. ill get my “fix” that way rather than making these sharks richer. what annoys me the most is the sites cater to them. gonna bite them in the long run.

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