Does it irk you that the DOJ permits Fantasy League sports wagering

[JackStraw77]

Just finished watching Real Sports on HBO pertaining Fantasy League sports wagering. I understand the loophole that permits it but on the other hand the DOJ hindering online poker and sports betting. Poker and sports wagering can be shown to be skilled based events. Basically the Feds, States and Leagues say everything is fine with Fantasy Sports. You can wager any amount you want on the daily leagues. How ludicrous is this.
If I'm playing poker I'm risking my money against 8 other individuals. A Fantasy League is no different. Your investing your money by putting your money in with best players against a larger field but still the same concept as playing a poker hand. Sportsbetting is pretty much the same. You could say that your wager is matched against another player. In reality that's not the case if one side receives more action but in principal it would still be the same.

I know this must drive online poker players who were making a living before Black Friday crazy. That people are permitted to make a living from Fantasy League wagering in the house next to them while they can't do anything but stew that they were wronged. I wonder what would happen if they had a Black Friday for Fantasy Leagues and the DOJ said the game is over.

 

[Betallsports]

I read somewhere Fantasy Football is Larger than regular Sports gambling. not in the size of Money, but people that play . Is this true ?

 

[CHOPTALK]

I read somewhere Fantasy Football is Larger than regular Sports gambling. not in the size of Money, but people that play . Is this true ?

Of course it's true.
And by a longshot

 

[WorldNumberOne]

i am happy to take what i can get in this situation. and, i am actually enjoying playing daily fantasy more than sports betting

 

[WorldNumberOne]

i am wondering though when they might change the law about this.. enjoying it while i can..

 

[The Guesser]

It bugs the crap out of me. It's Hypocricy at it's finest. They don't sanction THIS kind of gambling, but THIS kind of gambling is OK??? Just like sanctioning Lotto and Horseracing, but making you a criminal if you want to lay 5 on Pittsburgh. Someday soon this Country will grow up.

 

[FairWarning]

It's ok because the leagues allow it. No real difference than the states disallowing gambling but running a state lottery.

 

[PatsFan1283]

It's stupid that lawmakers have no clue what forms of gambling should/shouldn't be legal and all the hypocrisy with it.

However, everyone should rather there be some forms legal than none. Fantasy sports being legal could be a great stepping stone to sports betting or poker being legal down the road. It is better than it not being legal from that perspective.

While poker and fantasy are similar conceptually, sports betting is not really. It is player vs house, not saying it shouldn't be legal too but you are wrong in thinking it is the same dynamic as fantasy/poker in that sense.

 

[loomis41973]

Doesn't bother me. 98% of my bets are wagered in Vegas... Also been making quite a few bucks off of fantasy.

 

[CHOPTALK]

Just be glad you don't live in Louisiana
In Louisiana even fantasy football is illegal but we do have 50 casinos and at least 5 horse tracks, 2 national lotteries, a state lottery, and video poker in every convenience store in the state.

But Fantasy football is evil and not good for you.

Fuck Bobby Jindel.

 

[Enfuego]

Washington St. doesn't allow fantasy action either.

 

[PatsFan1283]

Nigel Eccles is the founder of FanDuel and he did an interview recently. Randown most of the states that fantasy isn't legal in.

Said Washington they have a senator that is willing to sponsor a bill.

Said Louisiana had a local legislator sponsor a bill in 2010 but it died in committee stage and they're trying to get him to give it another go.

I guess Zona it was killed by the indian gaming interests

 

[BostonBettor]

I think at the time that the "feds" gave the okay to fantasy, the daily fantasy industry wasn't on the radar. Now it's turning into a huge industry. It's evolved into what many consider gambling. Like poker, I think a strong argument can be made that it's not luck but skill that you need to win in the long run. I'd be much more upset if they made it illegal to play for money in Fantasy than I am about being unable to legally wager on sports. I'm sure at some point something will happen to cause someone in the government to start looking into whether or not putting money down on daily fantasy should be illegal. After all they have nothing better to do. Hopefully the powers that be such as Fanduel and Draftkings will be ready to put up a huge fight. Meanwhile, I'm enjoying playing about 5 days a week.

 

[Shub]

Kind of reminds me of alcohol and weed

 

[BAGIANT]

These companies like Draft Kings and Fan Duel must be taking in money hand over fist. You hear their advertising anytime you listen to ANY sports talk show. I continually see pop up ads on sites like the RX.

 

[WorldNumberOne]

i wish the juice wasnt 10 % ... maybe some site will come along and offer 5 % ... they would get everyone to move over..

 

[barnstorm]

Fantasy juice is actually 10% win or lose.

Why should it matter whether it is a game of skill or luck?

There is certainly skill in picking the right side in a sports wager! Perhaps they are saying that the pointspread makes it a 50/50 coin flip. The pointspread actually makes sports wagering more fair as a sharp pointspread does even the playing field between sharp and square. Not so in Fantasy. In Fantasy, a very small % of the players win a large % of the money. It has become a real issue as the Sharks just clean out the Fish every day in Fantasy. Even more so than in Poker. And they can't keep the Fish in the game. That's why they are advertising on all the games. To attract new Fish. It may not last because of this.

 

[CHOPTALK]

Whats the percentage of sharks vs fish at fan duel?

And does one site FD vs DK have more sharks then the other?

 

[CHOPTALK]

Not that I can play but I did look at the lineups last week.
I noticed that they have a lot of players available to buy that was not even playing last week.

Adrian Peterson comes to mind.
$8800 for a player that was 100% not playing.
I wonder if there are people that are not in the know who actually waste money on picks like that?

 

[PatsFan1283]

i wish the juice wasnt 10 % ... maybe some site will come along and offer 5 % ... they would get everyone to move over..

Its been tried...If you don't have the marketing dollars to attract players or the $ to put on huge tournaments, it really won't matter.

I figured rake would comedown by now but reality is 95% of the people on the site don't care about the difference between 10% and 5% rake. Also if you put the rake in sportsbetting "juice" terms it is more like 11.3%