'Philadelphia Inquirer' Web Site Launches 'Fantasy' Sports Betting Pays Real Money

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  • Brock Landers
    SBR Aristocracy
    • 06-30-08
    • 45359

    #1
    'Philadelphia Inquirer' Web Site Launches 'Fantasy' Sports Betting Pays Real Money
    'Philadelphia Inquirer' Web Site Launches 'Fantasy' Sports Betting that Pays Real Money

    By EDITOR & PUBLISHER Staff

    Published: April 09, 2010

    CHICAGO The Philadelphia Inquirer's Web site, Philly.com, has become the first newspaper to offer online sports betting in the United States.

    In a partnership with FanDuel, a British online betting company, visitors to Philly.com Instant Fantasy Gamescan play and win in one-day online fantasy sports games that pay off in real money.

    Bettors pick a team from players in scheduled Major League Baseball, National Basketball Association or National Hockey League games that day. If their team wins the fantasy contest, Philly.com says, there are "instant cash prizes -- win tonight!"

    Users pay a $5 entry fee for each game and can win as much as $90 a game.

    Online gambling is illegal in the United States, but there is an exception for fantasy sports. The difference in the FanDuel partnership is that the fantasy team, rather than performing over the season of a sport, can be assembled for just a single day.

    "Thanks to the fantasy sports carve out in the 2006 Unlawful Internet Gaming Enforcement Act, these instant fantasy games are legal in the U.S. -- something that the FanDuel team has been very careful to adhere to," FanDuel said in its announcement of the partnership. "FanDuel and its partners generate revenue from taking a commission on each game."

    FanDuel said "Philly.com is proving to be a true pioneer by becoming the first online news publication to use the power of daily fantasy sports games to open up a new revenue frontier."

    "With the much publicized downturn in advertising revenues, could these games, at least in part, save the newspaper industry?" the press release asked.

    According to FanDuel, U.K. newspapers are generating "millions of dollars in online revenue" from betting and paid games. With sports betting legal in Britain, newspapers are able to offer more lucrative betting possibilities.

    FanDuel claims some players are winning more than $16,000 in a month.
  • Brock Landers
    SBR Aristocracy
    • 06-30-08
    • 45359

    #2
    Anyone hear about this/participate??
    Comment
    • bruceBRUCEbruce
      SBR MVP
      • 06-20-09
      • 2560

      #3
      sounds like an easy way to lose money.

      but personally, I despise fantasy sports in general.
      Comment
      • rm18
        SBR Posting Legend
        • 09-20-05
        • 22291

        #4
        i will try this need to figure out way to get money on first
        Comment
        • Brock Landers
          SBR Aristocracy
          • 06-30-08
          • 45359

          #5
          surprising this hasn't gotten more pub
          Comment
          • jjgold
            SBR Aristocracy
            • 07-20-05
            • 388179

            #6
            Fantasy Sports is for failed bettors and non competitors
            Comment
            • Brock Landers
              SBR Aristocracy
              • 06-30-08
              • 45359

              #7
              Originally posted by jjgold
              Fantasy Sports is for failed bettors and non competitors
              not when there is money involved, JJ lets get a report on this.
              Comment
              • rm18
                SBR Posting Legend
                • 09-20-05
                • 22291

                #8
                you got to lay -125 each head to head matchup so have to hit at a high clip
                Comment
                • Brock Landers
                  SBR Aristocracy
                  • 06-30-08
                  • 45359

                  #9
                  Originally posted by rm18
                  you got to lay -125 each head to head matchup so have to hit at a high clip
                  surprised as all hell this is "legal"
                  Comment
                  • rm18
                    SBR Posting Legend
                    • 09-20-05
                    • 22291

                    #10
                    I think I will put $100 on but probably won't get to it until Tuesday or Wednesday
                    Comment
                    • minet123
                      SBR Posting Legend
                      • 02-17-07
                      • 10280

                      #11
                      I still owe the Inquirer from my paper route when I was 12
                      Kept the Collection money to buy weed and payoff my wagers on Eagles
                      Opps another one for my 9th
                      Comment
                      • mikemca
                        SBR Posting Legend
                        • 03-10-10
                        • 10047

                        #12
                        Sounds exactlt the same as Snapdraft on Fanball dot com except their buy ins range from 20 cents to like 200 bucks
                        Comment
                        • lesleye
                          SBR Rookie
                          • 04-11-10
                          • 6

                          #13
                          Hey guys, I'm founder of FanDuel and thought I'd drop by to say hi. Snapdraft is a daily/instant fantasy game like FanDuel except they take double the commission we do. If you guys have any questions, just drop me a mail lesley at fanduel dot com.

                          Oh, and we paid the legal fees, so we know for sure that it's legal!

                          Lesley.
                          Comment
                          • Brock Landers
                            SBR Aristocracy
                            • 06-30-08
                            • 45359

                            #14
                            Originally posted by lesleye
                            Hey guys, I'm founder of FanDuel and thought I'd drop by to say hi. Snapdraft is a daily/instant fantasy game like FanDuel except they take double the commission we do. If you guys have any questions, just drop me a mail lesley at fanduel dot com. Oh, and we paid the legal fees, so we know for sure that it's legal! Lesley.
                            good stuff Leleye, fill us all in on how it works.

                            You got the right crowd here.
                            Comment
                            • lesleye
                              SBR Rookie
                              • 04-11-10
                              • 6

                              #15
                              Originally posted by Brock Landers
                              good stuff Leleye, fill us all in on how it works. You got the right crowd here.
                              Hey Brock - it's real simple, it's just like regular season baseball (or football, basketball, hockey) but your team is only valid for one day only. It's one-night stand fantasy sports!

                              Seriously, we've made it as simple as possible to join up, you draft your team from today's players (or actually tomorrow now!) and go head-to-head with an opponent of your choice (or we can choose for you). You get live stats and game entry starts at $5, goes up to $50 right now. We take 10% of the entry fee, the winner wins the rest of the pot.

                              Give it a shot and let me know what you think.
                              Comment
                              • rm18
                                SBR Posting Legend
                                • 09-20-05
                                • 22291

                                #16
                                I don't see any discount on fanduel.com over the first site. It is -125 on both
                                Comment
                                • lesleye
                                  SBR Rookie
                                  • 04-11-10
                                  • 6

                                  #17
                                  It's only -125 on Snapdraft on their $100 games I believe.
                                  Comment
                                  • rm18
                                    SBR Posting Legend
                                    • 09-20-05
                                    • 22291

                                    #18
                                    I got confused I thought you meant fanduel was cheaper than the philly site you guys power, was not talking about fanball
                                    Comment
                                    • ryanspeer2001
                                      SBR MVP
                                      • 03-30-08
                                      • 3149

                                      #19
                                      I will do this tomorrow if I can easily deposit/withdrawal and post my results.
                                      Comment
                                      • ttwarrior1
                                        BARRELED IN @ SBR!
                                        • 06-23-09
                                        • 28454

                                        #20
                                        im a fantasy fanatic and not sure i like this, you mean i choose my opponent and if i win, i win 5 bucks if i deposit 5 bucks?
                                        Comment
                                        • rm18
                                          SBR Posting Legend
                                          • 09-20-05
                                          • 22291

                                          #21
                                          Originally posted by ttwarrior1
                                          im a fantasy fanatic and not sure i like this, you mean i choose my opponent and if i win, i win 5 bucks if i deposit 5 bucks?
                                          You bet 5 to win 4. I think I might try this out today to try to gauge how tough the competition is.
                                          Comment
                                          • Bill Dozer
                                            www.twitter.com/BillDozer
                                            • 07-12-05
                                            • 10894

                                            #22
                                            It would be cool but I'll be surprised if it is offered in the US for long. It reminds me of Betcha.com and AllSportsMarket. They also cited carve outs. If the US was going to allow any game with a vig, fantasy or not, Yahoo or ESPN would be selling it. Their lawyers told them no.
                                            Comment
                                            • lesleye
                                              SBR Rookie
                                              • 04-11-10
                                              • 6

                                              #23
                                              Originally posted by rm18
                                              I got confused I thought you meant fanduel was cheaper than the philly site you guys power, was not talking about fanball
                                              Oh right, no they're exactly the same.
                                              Comment
                                              • lesleye
                                                SBR Rookie
                                                • 04-11-10
                                                • 6

                                                #24
                                                Originally posted by Bill Dozer
                                                It would be cool but I'll be surprised if it is offered in the US for long. It reminds me of Betcha.com and AllSportsMarket. They also cited carve outs. If the US was going to allow any game with a vig, fantasy or not, Yahoo or ESPN would be selling it. Their lawyers told them no.
                                                Originally posted by Bill Dozer
                                                It would be cool but I'll be surprised if it is offered in the US for long. It reminds me of Betcha.com and AllSportsMarket. They also cited carve outs. If the US was going to allow any game with a vig, fantasy or not, Yahoo or ESPN would be selling it. Their lawyers told them no.
                                                Hey Bill

                                                It's an interesting point and worth noting. However, the daily draft format has already been around for over 3 years, and Snapdraft is ultimately owned by NBC, so there are some big players in the market already. In that respect, and because it's pure fantasy sports, it's very different to the two sites you quote. Neither ESPN nor Yahoo offer paid fantasy sports games, they made the decision to go free, so introducing a real money daily draft style game doesn't really fit with their strategy I guess.
                                                Comment
                                                • Brock Landers
                                                  SBR Aristocracy
                                                  • 06-30-08
                                                  • 45359

                                                  #25
                                                  Originally posted by lesleye
                                                  Hey Bill It's an interesting point and worth noting. However, the daily draft format has already been around for over 3 years, and Snapdraft is ultimately owned by NBC, so there are some big players in the market already. In that respect, and because it's pure fantasy sports, it's very different to the two sites you quote. Neither ESPN nor Yahoo offer paid fantasy sports games, they made the decision to go free, so introducing a real money daily draft style game doesn't really fit with their strategy I guess.
                                                  Comment
                                                  • ehp6737
                                                    SBR MVP
                                                    • 12-11-08
                                                    • 4185

                                                    #26
                                                    Originally posted by minet123
                                                    I still owe the Inquirer from my paper route when I was 12
                                                    Kept the Collection money to buy weed and payoff my wagers on Eagles
                                                    Opps another one for my 9th
                                                    Comment
                                                    • Brock Landers
                                                      SBR Aristocracy
                                                      • 06-30-08
                                                      • 45359

                                                      #27
                                                      Looks pretty fukking cool. Seems like it can give the SBR book a run for its money in the sense this is REAL cash here...and sanctioned by the authorities none the less.
                                                      Comment
                                                      • ryanspeer2001
                                                        SBR MVP
                                                        • 03-30-08
                                                        • 3149

                                                        #28
                                                        Brock were you able to view my game yet? 'Cause for me it says private for x amount of hours...I guess not to give away the teams.
                                                        Comment
                                                        • LATINOSERIO
                                                          SBR Hustler
                                                          • 03-11-10
                                                          • 74

                                                          #29
                                                          This sounds pretty good. Goodluck ryan hopefully the competition sucks
                                                          Comment
                                                          • GamblingMike
                                                            SBR MVP
                                                            • 05-05-07
                                                            • 2565

                                                            #30
                                                            Not a fantasy sports person but will give it a try, sounds really good!
                                                            Comment
                                                            • Brock Landers
                                                              SBR Aristocracy
                                                              • 06-30-08
                                                              • 45359

                                                              #31
                                                              Originally posted by ryanspeer2001
                                                              Brock were you able to view my game yet? 'Cause for me it says private for x amount of hours...I guess not to give away the teams.
                                                              i didn't really know where to look/what to look for
                                                              Comment
                                                              • rm18
                                                                SBR Posting Legend
                                                                • 09-20-05
                                                                • 22291

                                                                #32
                                                                salary cap game seems like a better game than draft. Seems like going to be tough to win if it is #1 vs. #2 at every positiion
                                                                Comment
                                                                • rm18
                                                                  SBR Posting Legend
                                                                  • 09-20-05
                                                                  • 22291

                                                                  #33
                                                                  Looks like I am going to lose money at baseball i started scherzer and everyone else took wainwright

                                                                  I think my basketball team is going to be unbeatable I took:

                                                                  Tyreke Evans
                                                                  Lou Williams
                                                                  Joe Johnson
                                                                  Rudy Fernandez
                                                                  Kevin Durant
                                                                  Tayshaun Prince
                                                                  David Lee
                                                                  Kenyon Martin
                                                                  Dwight Howard
                                                                  Comment
                                                                  • ryanspeer2001
                                                                    SBR MVP
                                                                    • 03-30-08
                                                                    • 3149

                                                                    #34
                                                                    good luck tonight rm18.
                                                                    Comment
                                                                    • Brock Landers
                                                                      SBR Aristocracy
                                                                      • 06-30-08
                                                                      • 45359

                                                                      #35
                                                                      this looks fukking cool!
                                                                      Comment
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