I think what happened is some guy one day wanted to start a smallish company that could make him a few mil then all of a sudden the thing just blew up like crazy and they are not prepared for the big leagues .
Yeah i think you are right...
I think what happened is some guy one day wanted to start a smallish company that could make him a few mil then all of a sudden the thing just blew up like crazy and they are not prepared for the big leagues .
If DraftKings employees have indeed won 0.3% of nearly $2 billion, that would be close to $6 million won. Rovell put the number at "less than $10 million."
What is not known is if that is net winnings — accounting for losses also — or just the gross winnings.
That is a big difference, but it would also seem that either number is significant.
According to research by Sports Business Daily, over one three-month stretch 91% of the player profits at DraftKings and FanDuel were won by just 1.3% of the players.
It would have been better if a company like yahoo, Google, or poker stars would have been the founders of this kind of business . They would have been better at anticipating some of these issues that are coming up and stoping it before it starts
What does this guy not understand?
He admits that certain data/info would be an advantage, but fails to understand or admit HIS EMPLOYEES are the ones who have access to it BEFORE games & rosters are released & the public sees it after the fact...<script src="http://player.espn.com/player.js?playerBrandingId=4ef8000cbaf34c1687a7d9a26fe0e89e&adSetCode=91cDU6NuXTGKz3OdjOxFdAgJVtQcKJnI&pcode=1kNG061cgaoolOncv54OAO1ceO-I&width=576&height=324&externalId=espn:13830575&thruParam_espn-ui[autoPlay]=false&thruParam_espn-ui[playRelatedExternally]=true"></script>
This really never happens when you are talking new industries with unique challenges.
So much of the risk being taken in the early stages just isn't something an established company would deal with. Then you have the issues being too big to effect bottom line, etc
Hiccup aside, I can't imagine anyone would have this industry further along than it is right now besides DraftKings. They made so many correct moves along the way despite FanDuel having a 3yr head start.
Ethan was like 23 when he got hired by DK or whatever. Probably got more of a bankroll and started playing more. I've seen a ton of guys move up in stakes like that.
It really isn't as crazy as people want to say but I just don't think people are capable of much else besides emotional reaction these days.
We were promised flying cars and we got twitter.
Gimme a break bro...You are acting as unhinged as RunMaker after a 4 team parlay loss
and you are just saying the same thing over and over and over: "Its no big deal the dude has info in advance that others aren't privvy to"
Which I'll let others who are similarly tired of your repetitive support of this deal with.
Ethan was like 23 when he got hired by DK or whatever. Probably got more of a bankroll and started playing more. I've seen a ton of guys move up in stakes like that.
It really isn't as crazy as people want to say but I just don't think people are capable of much else besides emotional reaction these days.
We were promised flying cars and we got twitter.
If DraftKings employees have indeed won 0.3% of nearly $2 billion, that would be close to $6 million won. Rovell put the number at "less than $10 million."
What is not known is if that is net winnings — accounting for losses also — or just the gross winnings.
That is a big difference, but it would also seem that either number is significant.
According to research by Sports Business Daily, over one three-month stretch 91% of the player profits at DraftKings and FanDuel were won by just 1.3% of the players.
That 1.3% part is not as bad as it sounds.
Since the prize structure is so top heavy that's going to be around the number because the winners of the big money pools is going to dwarf 99% of the players giving a high 99% of the prize money to such a small percentage of players.
So that number is not as bad as it sounds.
1 person winning 1 mill covers 1000 people winning $1000.
RunMaker you are a good example why we lock people up for non-violent drug crimes.
That 1.3% part is not as bad as it sounds.
Since the prize structure is so top heavy that's going to be around the number because the winners of the big money pools is going to dwarf 99% of the players giving a high 99% of the prize money to such a small percentage of players.
So that number is not as bad as it sounds.
1 person winning 1 mill covers 1000 people winning $1000.