Monday, October 26, 2015

DraftKings and FanDuel Fantasy Football sites are Rigged

To establish my Fanatasy Football bona fides, I've been playing since High School in 1992. My first pick was Thurman Thomas of the Buffalo Bills. Our league started out as a type-written once a week mailer and official scores had to be gleamed from the Chicago Tribune or Daily Herald Monday mornings.

And with the exceptions of the 2003 and 2004 seasons when I was deployed in Afghanistan and Iraq, I've got an ubroken 20+ years of fantasy behind me.

I've never played big money Fantasy Football, it wasn't why we played, so I've no interest in the latest craze, the one week gambling leagues, FanDuel and DraftKings.

But, when the commerical blitz and big time Sports Radio personalities began the hard sell for the one week leagues I became wary of them as well.

It turns out my wariness is probably well-founded. Many people think the push to regulate these one week gambling leagues is an evil government play for a slice of the pie but, when it came to light an employee of Draft Kings won $350,000 playing on Fan Duel and employees were routinuely able to parlay their insider information gleamed from their companies into $6,000,000 in winnings on their competitors sites, it confirmed my suspcions; That these One Week leagues were just fanciful money transfer schemes.

Even worse, it seems those adept at creating mathematical models and crafting of algoithms have gamed the system as over 90% of the winnings are won by just 1% of the players. Now, were do you think those winnings are coming from? That money isn't being created, it's being taken from the rubes, i.e. the average American, the Sunday couch potato watching football and losing $10 or $20 bucks a week.

How can you trust an internet gambling site? A normal guy, siting at home can dream of the hitting the big jackpot, but as with Wall Street and Casinos, Fan Duel and Draft Kings appear to be set up to fleece Americans, while providing them the illusion of a get-rich quick scheme.


One Fly said...

capitalism at its finest

Grung_e_Gene said...

Exactly, One Fly! Capitalism is just more and more complicated schemes to fleece and extract money from regular people.