Have you all actually taken the time to consider the implications of the current rake across the major DFS sites? I recently started thinking about this more, and I think I am going to be making some changes.
The problem is we don’t see it at the surface. We see a $12 buy-in, with 3,921 entries and a $40k guaranteed prize pool. The reality is this: your actual buy-in that goes into the prize pool is $10.20, and your fee to play in that tournament is $1.80. This $1.80 adds up substantially over time. If you lay $25,000 in buy-ins for the year, only $21,250 went into prize pools, and you paid a fee of $3,750.
FantasyDraft has stepped up with an interesting concept. We’re hearing “rake free”, but we all know they’re still making something off of the players. The thing is, it isn’t really much and it’s extremely player friendly.
Let’s assume a player lays $25,000 on FantasyDraft over the course of a year. Let’s also assume this player is close to break even and can get this done with an initial deposit of $5,000 without needing to deposit anymore for the remainder of the year. There is a 3% deposit fee, so the first bit of rake is $150. Next up is the monthly fee for playing on their site. For $14.99, you can play up to $3,000 in entries per month. This suffices for our example. If we play all 12 months, this next bit of rake is $179.88. Add that to the deposit fee and we have ourselves a grand total of $329.88 for the year in rake to lay our $25,000 in entries.
That is a relatively massive difference between the site that has a 15% rake, and FantasyDraft. The great thing is we all have the choice to play or not play, and which sites we want to play on. My hope is that we continue to see competitors step up and make these games more appealing. I know seeing ($100k to 1st) may give you a temporary dopamine rush, but try to remember that for most, the rake alone makes you a massive underdog to be profitable in the long-run playing in these contests.