INDUSTRY FORUM

  • coachs111

    • 21

      RG Overall Ranking

    • Ranked #18

      RG Tiered Ranking

    • x3

      2019 DraftKings FFWC Finalist

    • x3

      2018 DraftKings FFWC Finalist

    So having a great time in San Fran for the DraftKings World Basketball Finals! Great catching up with a lot of the best players in the world! Met some really cool new people too! Well after two big hits in the last two weeks including a $100,000 hit yesterday in FanDuel I thought it would be fun to put up a percent of my WFFC entry on Stake Kings! Anyone who has rode with me on Stake Kings has made some super bank the last few weeks up well over $200,000! So if you want to follow the WFFC and get a piece of the prize money go to Stake Kings! I will also have a few large packages for the main slates of both sites up in the next hour or two.

    Stake with me! https://stakekings.com/player/20846

    Here is link to last night’s win!
    https://www.facebook.com/CoachS111/photos/a.466892887177043/488950818304583/?type=3&theater

  • catbus

    3.2 markup. so basically would lose money unless you finish in top 6? lol

  • NoLimits0

    I thought this was a troll at first. Why would anyone do this?

  • XxHeisenbergxX

    I never understood this..if the guy is a millionaire why does he need people to stake him?

  • rausch180

    @XxHeisenbergxX said...

    I never understood this..if the guy is a millionaire why does he need people to stake him?

    The return is going to be bigger than actually playing and risking money. Was effectively guaranteeing a $15k profit on $40k just for turning up. Very few people are making a +37.5% ROI across so much money in a day. If you could do that every day you’d be the best player in the world at DFS even if never cashing!

    The most shocking thing is that people would even consider buying it. Firstly (if it sells out) and someone is going to make $15k regardless of where they finish, it’s a bit of an ugly situation. If first is the same as last are you always going to be flat out trying to win? It’s not like losing even really affects future sales of packages as results are never shared and business is traded off getting 1 big score in a season. Sure there is pride, but what if you feel sick on the day etc. there are many scenarios where you’re relying on someone to go the extra mile for no gain to them.

    Then there is just how bad the deal is. Unless I completely misunderstood what the terms were, it seemed like positions 11-100 all lost the investor money. The tournament is pretty much a who’s who of players that are considered to be among the best at NBA. You’d have to be able to outperform them so significantly to even have a shot at breaking even. Finishing in the top 10 at an incredible 20% of the time would be required for the investors to have much of a chance, which is clearly dreadful and no one is good enough to do that.

  • DSofM

    • 70

      RG Overall Ranking

    • Ranked #59

      RG Tiered Ranking

    • 2020 NASCAR Live Finalist

    • Blogger of the Month

    God damn that facebook page is a seriously sad look for someone that thinks they’re good at DFS.

  • NoLimits0

    @rausch180 said...

    The return is going to be bigger than actually playing and risking money. Was effectively guaranteeing a $15k profit on $40k just for turning up. Very few people are making a +37.5% ROI across so much money in a day. If you could do that every day you’d be the best player in the world at DFS even if never cashing!

    The most shocking thing is that people would even consider buying it. Firstly (if it sells out) and someone is going to make $15k regardless of where they finish, it’s a bit of an ugly situation. If first is the same as last are you always going to be flat out trying to win? It’s not like losing even really affects future sales of packages as results are never shared and business is traded off getting 1 big score in a season. Sure there is pride, but what if you feel sick on the day etc. there are many scenarios where you’re relying on someone to go the extra mile for no gain to them.

    Then there is just how bad the deal is. Unless I completely misunderstood what the terms were, it seemed like positions 11-100 all lost the investor money. The tournament is pretty much a who’s who of players that are considered to be among the best at NBA. You’d have to be able to outperform them so significantly to even have a shot at breaking even. Finishing in the top 10 at an incredible 20% of the time would be required for the investors to have much of a chance, which is clearly dreadful and no one is good enough to do that.

    What place did he get?

  • DSofM

    • 70

      RG Overall Ranking

    • Ranked #59

      RG Tiered Ranking

    • 2020 NASCAR Live Finalist

    • Blogger of the Month

    @NoLimits0 said...

    What place did he get?

    He cashed for 17k but spent 58k on Qs so a net 41k loss.

  • catbus

    Rausch, you misunderstood the terms very slightly, haha. Positions 7-100 all lost the investor money (not 10-100), so it was even worse than you thought, and 5th-6th would have been only slightly positive. He was selling residuals at a fixed percent (residuals outside of the 15K base prize for qualifying). His formula was $100 for .08%, $200 for .16%, etc. So since he cashed for $17K, if you bought $100 of him, you would have received .08% x ($17K-15K) back, or .0008 x $2K, or $1.6, for a net loss of $98.4 per $100 staked. 51st to 75th paid out $17K— since everyone participating was effectively a pro, his chances of finishing worse than 50th was probably right around… 50%, if not worse. Thus, over half the time, you would lose at least 98.4%. Now where would break-even be?

    7th was $100K. If he finished there, a $100 stake would have yielded .0008*(100K-15K), or $68, for a net loss of $32
    5th-6th was $150K. If he finished there, a $100 stake would have yielded .0008*(150K-15K), or $108, for a profit of $8 per $100 staked…just above break-even

    The site said that he actually sold over 20K of action— I don’t know if that was purely marketing to try to attract others, or if he actually did. Just a pretty disingenuous offer and post in general…I don’t think most of us agree with “if we can sucker others, let’s try to do so, with screenshots and exclamations and facebook pages”

  • totoroll33

    • 18

      RG Overall Ranking

    • Ranked #20

      RG Tiered Ranking

    • 2018 DraftKings FFWC Finalist

    • x2

      2019 DraftKings FBWC Finalist

    Maybe staking him came with a free 8×10 glossy of him with baron davis..

    https://m.facebook.com/story.php?story_fbid=489411814925150&id=466889283844070&__tn__=C-R

  • XxHeisenbergxX

    So after reading Catbus and Rausch’s post this is similar to “bridge jumpers” in horse racing where they make astronomical show bets hoping to cash .20 cents for every 2.00 wagered and in NY even worse .10 cents for every 2.00 wagered. I can mildly understand “bridge jumpers” because I am under the assumption they have more funds than they know what to do with and if you do make a 200K show bet you cannot get that type of return in interest at any bank.

    I guess other than having an unlimited bank roll and just wanting to have your name associated with the event and saying you have a piece of the action I don’t really get the logic.

    I have participated with groups of friends and acquaintances in the past and present where we form what is called syndicates be it ours is very small..when certain circuits have a giant Pick 6 Carryover nothing extreme..4-5 guys we throw in 1000.00 each (is the most I have ever spent) and we try and develop a winning ticket. But this scenario we all have an equal stake and we all have a say what horses go on the ticket etc. as we all bring different handicapping theories and information to the table. We each focus on what our strengths are..i.e. some are turf handicapping specialist, maidens etc. We have cashed multiple times doing this but it has usually been split with other winners. We have yet to take down a Pick 6 holding the single ticket which is the ultimate and desired goal for a “life changing” score.

    I guess this may make sense to some but to me it just seems fishy…the way I think about it is we all have friends and friends that gamble, if you gamble you associate with other gamblers…if these players were that good why don’t their friends just stake them and everyone take a piece, I am assuming the people they associate with have just as big of bankroll as the player themselves. Maybe they have and just have drained their bankrolls in the process. (Maybe I am just clueless to this whole stakekings thing and I prefer to keep it that way LOL)

  • catbus

    Yeah, I remember show bets, haha. But show bets are low risk and low reward. High probability of squeezing out a small win for a large wager. Your syndicate work is all splitting work and equity for a potentially large payoff. Here was a guy trying to sell equity in his $40K EV ticket at a $125K+ valuation, or a 300%+ markup, when his EV over the field was probably either = or negative.

  • gordylamb

    • 286

      RG Overall Ranking

    I’d really like to see a justification for the 3.2 markup.

  • zpruitt3

    I’d rather buy superbowl squares from seth yates

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