Everyone who plays Daily fantasy sports knows that it is 100% legal and your money is safe. The reason DFS is legal is because it was ruled a game of skill as opposed to a game of luck. Everyone who is serious about fantasy sports will completely agree with that statement.
When does luck start playing a bigger factor though? DraftKings is holding their million dollar tournament, Millionaire Maker, in week five of the NFL season. All you have to do is beat 92,399 other entries if it fills out completely. I don’t know about you, but that sounds like a $27 lottery ticket to me. One ticket has a .000011% chance of winning with just one entry.
When I first saw this, I laughed at anyone who took this seriously and who had high hopes into turning this into a major profit. I know some of the people who play DFS professionally will most likely have up to 1,000 entries themselves and even then your odds aren’t that great. But after further consideration, I think this tournament is awesome if you play it right!
Naturally the marketing model is going to promote making someone a millionaire. As a society we love hearing big numbers thrown around and we love to play that “what if” game. What if I win, what would I do with the money. This gets people’s attention and gets them into the game. Does this mean I’m going to buy ten or a hundred tickets? Not a chance!!!! I wasn’t even considering this tournament until I talked to my friend who has a few seats already.
He won them in the quarter games! We were talking about which sites have overlay and how important it is as daily fantasy players to find and take advantage of it. He mentioned that the biggest overlay he found in Draftkings was in the quarter games. My first impression of quarter games was they were for kids who don’t have money but still like fantasy. I love fantasy, but putting in the time to win $1.85 wasn’t my thing. But I never really thought about qualifiers that ran for a quarter. My friend went on to tell me how he spent two dollars and won three seats because his team did well and the overlay was that big.
I think this tournament is awesome if you play it right!C. Reilly
If he breaks the top 15,500 in this tournament, he will make $40 for each entry and who knows how high up on that leader board he can get. The possibilities are endless and you can’t go wrong playing for two bucks! Paying full price for a seat wouldn’t make sense but getting in for 25 cents, you can’t pass that up.
DFS is all about risk and reward on so many levels. It’s not just who you put in your lineups, but how you play the games as well. Buying ten seats costing $270 would be too much of a risk for me in a tournament like this. But spending 10-30 dollars on qualifiers would be okay to win some seats. Even if you barley place with an entry, it’s almost all profit. If you pay full price and barely place you only profit 13 dollars (40-27=13).
Draftkings does a great job with their qualifiers and they really make them affordable. I’m kicking myself for not playing any Q’s in the first week of the NFL, but you can bet I’ll be playing from now till that tournament starts.
Here is a little more about the tournament. It will be held October 5th and entry directly into the contest costs $27. There is $2.2 Million in guaranteed prizes with 1 Million to first place, $100,.000 to 2nd and $50,000 to third. It pays all the way to the 15,500th spot with $40. Satellite Qualifers run through October 4th and these buy-ins are as low as 25 cents.