DraftKings says-again-we don't want winners

**budwiser** · 06-07-22, 07:41 AM

The general rule of sports betting is the more action, the more handle, the more you win. The lines are generally sharp. You can get money on both sides. There's a reason why books don't lose money, including those that take high action.

But not this book.

This guy Robins is a complete amateur. Even if he thinks that he shouldn't say it.

**budwiser** · 06-07-22, 07:45 AM

Seems Robins hyped up the stock and sold a cool $200 million.

https://investorplace.com/2022/05/is-draftkings-ceo-jason-robins-paid-too-much-dkng-stock/

If DraftKings is going to survive, they need to get rid of this guy and soon.

**budwiser** · 06-07-22, 07:47 AM

DraftKings spent nearly $1 billion in marketing in 2021, in an attempt to lock in as many losers as possible.

**budwiser** · 06-07-22, 07:54 AM

"We’re trying to get smart in eliminating the sharp action or limiting it at least. "

Good luck with that, determining who's a "sharp" and who isn't, and what's smart. I'd like to get smart in picking lottery numbers too.

**budwiser** · 06-07-22, 08:34 AM

"In DFS, our margins got substantially higher as the market matured because we just decided to make them higher. You can do that. The tricky part is how you do that at the right time, in the right way, without degrading the customer experience.”

So, let's increase margins, try to eliminate or limit anyone who wins (guessing on who is a "sharp" and who isn't), and do it in a way so it doesn't degrade the customer experience.

This guy Robins is a naked human in the middle of a remote forest full of bears. how this guy lasted this long, only someone else can tell you. Very often managers end up in managing by kissing *ss, not by being any good. this is a classic case of that.

**budwiser** · 06-07-22, 08:46 AM

Sports betting is entertainment, like going to the movies. Everyone who makes a sports bet thinks it's a "sharp" bet. For the vast majority, they lose over time. One guy said "We don't care if squares win, because they'll eventually blow it off".

The vig gives the sportsbooks every advantage. Lines are made to win. That's why books try to get as much action as they can. That's why some online books will go back and forth with a line just praying someone will bite. That's a time-tested method over decades, and sportsbooks are still in business, and nothing has changed.

But this guy Robins thinks he's smarter than all that. Or he's a bs artist, or a scammer, or and idiot or.... most likely all of the above.

**budwiser** · 06-07-22, 08:49 AM

Let's say Charles Barkley signs up at Draft Kings and wins (he does win sometimes) $450k. You can bet Jason Robins and the entire DraftKings management team will be having a heart attack.

**budwiser** · 06-07-22, 08:56 AM

lol

**budwiser** · 06-07-22, 09:14 AM

Bottom line is, never play online if you're in the USA. The good books-Pinnacle, olympic, heritage, bookmaker etc., which aren't interested in figuring out how to fleece the user and give a rectum exam, are overseas, and you don't want that.

Just go to a brick and mortar book, and bet. It's as simple as that.

This guy just said they're in a race to figure out how to fleece and make max profit out of as many losers as they can.

So, head out for a vacation, see a show, enjoy time in a book. and never play online, if you're in the USA.