[alekim]

This will be fun

$10,000 buyin but you get $5000 to play with.

1st place- $1,000,000

https://www.draftkings.com/sports-be...p#rules-anchor

[Optional]

Man, that sounds like a massive ripoff, unless I am missing something.

Thye are looking to collect 5.3 million in entry fees and only offer about 2.2 million in prizes.

Plus they want you to pay $10000 and then only credit you $5000 for betting with.


Can anyone explain how this isn't massively bad value?

[alekim]

honestly think all DFS tournaments are rip-offs.

I think since you are getting $5000 back, the 5.3 million is reduced to half and they probably account for the prize pool + the leftover bankroll at the end of the tournament .

In a sense, they can actually lose alot of money.

[alekim]

Also, a majority of the contestants are from qualifiers so they have to account for 3 day hotel in NYC area plus $1000 per person

[jjgold]

Lol

Lol

Squares