So football season is gearing up and I was super curious to see how the two major fantasy sites would look out the gate. If you are new to DFS and just started at some point during the football season, I’ll break the DFS platform down for you.
Obviously NFL is King and you will not see contests as big as the NFL ones. Every sport is based around the NFL because that’s when DFS has the most active users. So the end of baseball season and beginning of basketball season typically have their bigger contests when the NFL season is going on.
Granted this may not be true when it comes to Championships, but if you grind baseball and basketball all season long you definitely notice the contest size shrink when football season isn’t active. This is mainly because a lot of people play DFS for football and since games are only once a week, they will play baseball and basketball between Sundays.
If you are new to DFS then there is a chance you don’t really know what was going on legally with the sites. There was a lot of legal issues on whether or not DFS was gambling or “a game of skill”. One of the main arguments made for the anti-DFS side was that the top players were crushing all the amateurs because they had bigger bankrolls and computer algorithm programs that entered hundreds of teams for them.
So the air has cleared and I knew the sites would have to adapt and that’s why I found it interesting when I saw DraftKings first Millionaire Maker Tournament set for week one of the NFL season. I looked into the details and am trying to decide whether or not this tournament is worth playing.
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These Are My Results!
They’ve been doing this by raising the rake and cutting back on affiliate programs. The prize pool is five million dollars and there are a total of 1,960,784 entries allowed.
Meaning if they fill the tournament they will profit $882,352 and the rake is about 17.6%.
This really isn’t that bad as I’ve seen contests in the past have rakes or 25%, so I was really intrigued.
Second thing I looked at was what percentage of players were paid out. I was surprised to see they pay the top 542,850. This means the top 27.6% of the field would be earning money.
This is interesting because typically the top 15% is paid out in GPP’s.
So Far I Like What I See!
One thing to understand about me is I’m always looking at the long term. I know I’m in the minority because a lot of casual fans see this as a way to turn three bucks into a million. But as a serious player, I typically see that my results at the end of the season are in the red in these tournaments due to the normally high rake and percentages paid. Granted I don’t think there has ever been a contest with this many users (almost two million people!).
And I don’t think I’ve ever seen someone turn three bucks into a million.
There is the overall consensus of “you never know” and “someone has to win it” so I went to see what the max entries someone was able to put in and was shocked when I saw it was only 150 per user.
The first thing that popped into my mind is that people will work together so they have 750 teams or something like that. It’s not that hard to run one of the multiple programs out there to spit out over 500 teams in a minute.
But before I dove too deep into my usual conspiracy theory, I realized that even if you did work with a few friends and combined forces so you don’t have any overlapping teams, you don’t even come close to touching .01% of the field (1% would be 19,607 teams).
I know a lot of people want to risk very little money but want the chance to win a lot. Well look no further because this the tourney for you.
They really leveled the playing field with this format because the big guys can’t crush the little guy. The main reason being is most people can’t afford 150 $27 teams (a total of $4050) but there are plenty of people who can.
The little guy who can only afford three teams is at a major disadvantage to the pro who has 147 more teams. But at $3 the max you can spend is $450. While that is a lot for most people, that is as fair as any site can make it.
So in conclusion a lot of my questions were answered about the future of DFS.
I wanted to see what steps they were going to take to even the playing field, and I wanted to see how big the tournaments were going to be.
They Managed to Find a Great Happy Medium
Also, sites are banning scripts that load teams for you. So while it’s possible to use a script to create 150 teams, they will have to manually change teams if some kind of news breaks. The people who do this might be turned off to enter this kind of tournament because their edge is gone.
No longer can players like maxdulary have 500 teams with a player who was named the starter half an hour before kickoff.
I personally am excited and while I know my odds aren’t great, watching football games is a lot more fun than watching little balls pop out of a machine like it does in Powerball. I’ll probably throw in something like ten or twenty teams because that’s only 30-60 bucks and only makes up about .3% to .6% of what I play every weekend.
And you never know!