DRAFTKING and other DFS greedy as FUK!
They juice the crap out of the pot and make as many winners in a contest as possible to keep them playing so that they can rake it all.
Today's $4 4-seamer contest: This 29411-player contest features $100,000.00 in total prizes and pays out the top 7950 finishing positions. First place wins $5,000.00.
With that many contestants the pot is $147,055. They rake $47,055 from that pot!!!! That is 32% of the pot in rake. And what do you get for finishing first place by beating out nearly 30k contestants? A puny 3.4% of the pot to the first place winner. Its robbery. Even if this is a skilled game the prize structure takes all edge and makes it gambling. This is more of a gambling than poker and sports betting. These guys should be pushed out of business and I hope offshore sportsbooks soon intergrate daily fantasy into their business model.
Today's $4 4-seamer contest: This 29411-player contest features $100,000.00 in total prizes and pays out the top 7950 finishing positions. First place wins $5,000.00.
With that many contestants the pot is $147,055. They rake $47,055 from that pot!!!! That is 32% of the pot in rake. And what do you get for finishing first place by beating out nearly 30k contestants? A puny 3.4% of the pot to the first place winner. Its robbery. Even if this is a skilled game the prize structure takes all edge and makes it gambling. This is more of a gambling than poker and sports betting. These guys should be pushed out of business and I hope offshore sportsbooks soon intergrate daily fantasy into their business model.