Starting to see StakeKings getting a lot of push and while we are all adults and its your money to do with you please, It might be helpful if it was clarified what the website does because StakeKings doesn’t really provide a clear outline of what type of service is is providing.
Some Touts/Pros on twitter are using the logic that “StakeKings is an entertainment service” however its not being marketed as such. The average Joe sees “successful pros” posting about StakeKings and think “oh wow this is a way I can get a piece of the winnings but this person who wins a lot of money! Great investment.” Well ive got some bad news.
On StakeKings, users are offered the opportunity to pay for a % of a DFS pro’s POTENTIAL winnings from a contest at a certain percent markup.
This benefits both parties because the DFS pro is allowed to essential crowd source entry fees for contests they want to enter, and below average DFS players are able to purchase a stake in a DFS Pros winnings without worrying about researching/making their own lineup.
However, it is important to note that this is an entertainment purchase not an investment,
Even the best of DFS Pros, in GPPs, are barely beating the game to be profitable. They stay afloat or get into the green via H2H contests.
A majority of DFS pro players are either even or in the red in DFS GPPs by 10s of thousands of dollars which makes sense because DFS GPPs are inherently hard to be profitable in year as on average a DFS GPP only pays out 22-25% of entrants, and min cashing rarely now a days pays out 2x.
I say all that to say this:
-1 understand that stakekings is a form of entertainment. No matter how many screen shots a Tout/Pro has of them winning GPPs, odds are they are barely even.
-2 do your research on the Tout/Pro you are putting money on. What sport are they best at? Are they selling action on a sport they do well in or a sport they struggle in.
-3 if you cannot accurately find info on the Tout/Pro’s success in a sport or they aren’t providing it before asking u to buy shares of their play, ask yourself why?
- Badger Out