Posted:
#1
https://www.msn.com/en-us/news/us/fantasy-sports-employees-bet-at-rival-sites-using-inside-information/ar-AAf8zeF?li=AAa0dzB
Big Surprise: Draft Kings/Fandual employee's cheating.
Posted:
#2
no way a company that spends 400 million on ads is doing this with only the 20% rake they are taking in.. This stuff is going to way of online poker.
I hope it dies soon. Sick and tired of seeing stupid commercials every 2 seconds during a game. I think everybody knows about these sites by now.
Posted:
#5
If anyone can ever get their hands on their Daily Fantasy winnings....
— just go try and collect it — I double dare you !!
And you thought cashing out of online books was tough, hugh playah...
Automagically generated "player" with a better-lineup-than-thou.
CrapKing/Fandoo is a resurrected lottery of yore that US Gov't
finally got outlawed because too many got gyped by its rigging.
The $64,000 Question (caught cheating) has morphed in this crud.
Their ads are crap, but their radio ads are the worst ever heard:
His friends in high media places throw him a lot of well-paid gigs,
as the Americanjewboy with the most irritating voice ever heard
with his all too-phoney, way-too-excessive enthusiasm. floods
the radio airwaves - cannot get a score without an invasion by him.
Heard of guerilla groups out to sabotage GraftKings & FannedPooh,
down to kickin in and permanent marking up their collateral signage,
and even worse attacks...
— — —
So now we see the tip of their raft, a graft iceberg, exposed some:
An employee of DraftKings got caught using inside-information
from the company's datbases about lineups to win another big
contest on their partner site called FanDuel.
-Again, he took out the 2nd Place Prize of
$350,000 into his - and fellow bosses' & co-workers' - pockets.
(Taking 2nd Places each time because 1st Place is to
be avoided so as to get no attention and not draw any suspicion)
Insider info, for example, details %ages
such as those of paying entrants who selected players, etc.
—>
so in this version of the Cheating,
he just takes the best of the overlooked dudes,
while watching the first few quarters, to be sure.
— just go try and collect it — I double dare you !!
And you thought cashing out of online books was tough, hugh playah...
Automagically generated "player" with a better-lineup-than-thou.
CrapKing/Fandoo is a resurrected lottery of yore that US Gov't
finally got outlawed because too many got gyped by its rigging.
The $64,000 Question (caught cheating) has morphed in this crud.
Their ads are crap, but their radio ads are the worst ever heard:
His friends in high media places throw him a lot of well-paid gigs,
as the Americanjewboy with the most irritating voice ever heard
with his all too-phoney, way-too-excessive enthusiasm. floods
the radio airwaves - cannot get a score without an invasion by him.
Heard of guerilla groups out to sabotage GraftKings & FannedPooh,
down to kickin in and permanent marking up their collateral signage,
and even worse attacks...
— — —
So now we see the tip of their raft, a graft iceberg, exposed some:
An employee of DraftKings got caught using inside-information
from the company's datbases about lineups to win another big
contest on their partner site called FanDuel.
-Again, he took out the 2nd Place Prize of
$350,000 into his - and fellow bosses' & co-workers' - pockets.
(Taking 2nd Places each time because 1st Place is to
be avoided so as to get no attention and not draw any suspicion)
Insider info, for example, details %ages
such as those of paying entrants who selected players, etc.
—>
so in this version of the Cheating,
he just takes the best of the overlooked dudes,
while watching the first few quarters, to be sure.
Posted:
#6
The DraftKings employee who got caught via tweets
used the company's database information within
last week's contest to finish in 2nd place in the
"NFL Sunday Million" contest run by FanDuel.
The contest cost $25 to win $5 million in cash,
including $1 million to the winner.
A DraftKings spokesman acknowledged that employees
of both companies have earned sizable prizes playing at
each others daily fantasy sites.
On Tuesday, FanDuel issued a statement saying employees
from both DraftKings and its sister site have temporarily
been banned from "participating in online fantasy sports
contests for money."
"We are temporarily restricting employees from
participating in DFS contests as an interim measure
while we work with the fantasy industry to develop
and implement a more formal policy," the statement said.
used the company's database information within
last week's contest to finish in 2nd place in the
"NFL Sunday Million" contest run by FanDuel.
The contest cost $25 to win $5 million in cash,
including $1 million to the winner.
A DraftKings spokesman acknowledged that employees
of both companies have earned sizable prizes playing at
each others daily fantasy sites.
On Tuesday, FanDuel issued a statement saying employees
from both DraftKings and its sister site have temporarily
been banned from "participating in online fantasy sports
contests for money."
"We are temporarily restricting employees from
participating in DFS contests as an interim measure
while we work with the fantasy industry to develop
and implement a more formal policy," the statement said.
Posted:
#7
Quote Originally Posted by HoustonSports:
None of this will amount to much. With investors such as Disney and NBC Sports in Draft Kings and FanDuel, respectively, they both have 100's of millions dollars backing them. That is more than enough to buy their way through Congress.
None of this will amount to much. With investors such as Disney and NBC Sports in Draft Kings and FanDuel, respectively, they both have 100's of millions dollars backing them. That is more than enough to buy their way through Congress.
^^^ Sad but only too true.
Posted:
#8
I agree, access to insider info the general public doesn't have access to is unfair. This is not insider info like knowing a drug company didn't get it's major drug approved before anyone else though.
If the allegations are true, an employee found out the ownership percentages of players before the games started. He then used these percentages to determine who he thought was a value pick, and used them on the other site where he didn't know ownership percentages and the player salaries/scoring structure were different.
An advantage? Sure. Far from a sure thing like seeing a dealer's hole card or past posting though.
I've been playing fantasy for about a year now and have grinded out over $30,000, and I haven't won any prize over $1000. I'm not going to stop playing
If the allegations are true, an employee found out the ownership percentages of players before the games started. He then used these percentages to determine who he thought was a value pick, and used them on the other site where he didn't know ownership percentages and the player salaries/scoring structure were different.
An advantage? Sure. Far from a sure thing like seeing a dealer's hole card or past posting though.
I've been playing fantasy for about a year now and have grinded out over $30,000, and I haven't won any prize over $1000. I'm not going to stop playing
Posted:
#9
This isn't Wall Street and there isn't a SEC for this foolishness.This isn't an instance of fore-knowledge of a merger or sale.This could be like an employee of the Westgate Sportsbook noticing a betting trend from their handle and going to Southpoint Sportsbook and making a wager.It's not Insider Info because the results are not known,(who knew the Lions were going to fumble on the goal line last night?)
Fanduel/Draftkings can talk about restricting employees all they want but on Wallstreet and Vegas,it isn't illegal to talk to their Brother-in- Law or hire a beard.
Posted:
#10
Just heard they've started pulling ads. Thank goodness. Those things are annoying. I normally would play a contest each week. I read an article last week about sharks who do this as a job which made it sound almost impossible to win and now this. I think I'm going to sit out a bit before playing a weekly football league again.
Posted:
#13
Quote Originally Posted by thecentaur:
I agree, access to insider info the general public doesn't have access to is unfair. This is not insider info like knowing a drug company didn't get it's major drug approved before anyone else though.
If the allegations are true, an employee found out the ownership percentages of players before the games started. He then used these percentages to determine who he thought was a value pick, and used them on the other site where he didn't know ownership percentages and the player salaries/scoring structure were different.
An advantage? Sure. Far from a sure thing like seeing a dealer's hole card or past posting though.
I've been playing fantasy for about a year now and have grinded out over $30,000, and I haven't won any prize over $1000. I'm not going to stop playing
Just curious man. How did you earn that 30k? Was it head to head or tournament? I think head to head is the way to goI agree, access to insider info the general public doesn't have access to is unfair. This is not insider info like knowing a drug company didn't get it's major drug approved before anyone else though.
If the allegations are true, an employee found out the ownership percentages of players before the games started. He then used these percentages to determine who he thought was a value pick, and used them on the other site where he didn't know ownership percentages and the player salaries/scoring structure were different.
An advantage? Sure. Far from a sure thing like seeing a dealer's hole card or past posting though.
I've been playing fantasy for about a year now and have grinded out over $30,000, and I haven't won any prize over $1000. I'm not going to stop playing
Posted:
#15
Quote Originally Posted by JEFFMARKETCAP:
Just curious man. How did you earn that 30k? Was it head to head or tournament? I think head to head is the way to go
Just curious man. How did you earn that 30k? Was it head to head or tournament? I think head to head is the way to go
Actually I play very little H2H. Maybe I should play more, IDK
The majority of my money goes in single entry cash games and tourneys. Any of those multi entry tourneys are tough when the best players enter 100 times. I play NFL,NBA,MLB,NHL,CFB,and CBB
The majority of my winnings are from NFL though
Posted:
#18
Quote Originally Posted by 666LES:
This isn't Wall Street and there isn't a SEC for this foolishness.This isn't an instance of fore-knowledge of a merger or sale.This could be like an employee of the Westgate Sportsbook noticing a betting trend from their handle and going to Southpoint Sportsbook and making a wager.It's not Insider Info because the results are not known,(who knew the Lions were going to fumble on the goal line last night?)
This isn't Wall Street and there isn't a SEC for this foolishness.This isn't an instance of fore-knowledge of a merger or sale.This could be like an employee of the Westgate Sportsbook noticing a betting trend from their handle and going to Southpoint Sportsbook and making a wager.It's not Insider Info because the results are not known,(who knew the Lions were going to fumble on the goal line last night?)
Fanduel/Draftkings can talk about restricting employees all they want but on Wallstreet and Vegas,it isn't illegal to talk to their Brother-in- Law or hire a beard.
Let's say 1,000,000 people enter a drawing for $1 where a number is picked between 1 and 1000. If more than one person has the winning number, then they split the pot.
If you can see all the entries before-hand, and notice no one picked 885, and you enter on that number, that isn't cheating? You still only have a 1/1000 chance to win
Posted:
#19
Quote Originally Posted by thorpe:
Let's say 1,000,000 people enter a drawing for $1 where a number is picked between 1 and 1000. If more than one person has the winning number, then they split the pot.
If you can see all the entries before-hand, and notice no one picked 885, and you enter on that number, that isn't cheating? You still only have a 1/1000 chance to win
On the surface this is comparable
But it doesn't take into account that some numbers are more likely to be drawn (better players or matchups), there is more than one number (9 or 10 players make a lineup), and one would have to determine which of these likely numbers are advantageous to replace with another number. Yes, there is an edge to be had, but it is much more complicated and exponentially less significant than the 1 number in a thousand example.
Posted:
#20
Quote Originally Posted by thorpe:
Let's say 1,000,000 people enter a drawing for $1 where a number is picked between 1 and 1000. If more than one person has the winning number, then they split the pot.
If you can see all the entries before-hand, and notice no one picked 885, and you enter on that number, that isn't cheating? You still only have a 1/1000 chance to win
ahh centaur and thorpe your foolishness. this is exactly the edge. your post started out with so much promise then quickly crumbled.
if you had a contest where 1 million people paid $1 and choose either door 1 or door 2. and if u tie then u split winnings with all the other people that chose that door. and if u knew 999,999 chose door 1, wouldnt you choose door 2??
Posted:
#21
Quote Originally Posted by Nflmaestro:
ahh centaur and thorpe your foolishness. this is exactly the edge. your post started out with so much promise then quickly crumbled.
if you had a contest where 1 million people paid $1 and choose either door 1 or door 2. and if u tie then u split winnings with all the other people that chose that door. and if u knew 999,999 chose door 1, wouldnt you choose door 2??
I am not saying there is no advantage
I am saying it is nowhere near that simple. Each player doesn't have an equal chance at putting up a certain score like each number has an equal chance of being picked in your example. Add to that the highly owned players are usually the better picks and the salaries are different for each player. Your example is just misleadingly simple
Posted:
#22
Quote Originally Posted by thecentaur:
On the surface this is comparable
But it doesn't take into account that some numbers are more likely to be drawn (better players or matchups), there is more than one number (9 or 10 players make a lineup), and one would have to determine which of these likely numbers are advantageous to replace with another number. Yes, there is an edge to be had, but it is much more complicated and exponentially less significant than the 1 number in a thousand example.
On the surface this is comparable
But it doesn't take into account that some numbers are more likely to be drawn (better players or matchups), there is more than one number (9 or 10 players make a lineup), and one would have to determine which of these likely numbers are advantageous to replace with another number. Yes, there is an edge to be had, but it is much more complicated and exponentially less significant than the 1 number in a thousand example.
I am guessing you work for FanDuel...why would you defend them...
The above is just one of many ways the employees can be cheating.
They can change their picks after the game has started.
They can enter 1000s of entries, and then delete 990 of them.
They can determine which handicappers consistently score the highest and copy those picks
etc
Posted:
#23
Quote Originally Posted by thorpe:
I am guessing you work for FanDuel...why would you defend them...
The above is just one of many ways the employees can be cheating.
They can change their picks after the game has started.
They can enter 1000s of entries, and then delete 990 of them.
They can determine which handicappers consistently score the highest and copy those picks
etc
I don't work for fanduel and I am not defending them
If employees have access to ownership % info prior to games locking it's awful
So much of the outrage is misguided though:
-This isn't about Fanduel, it's about a Draftkings employee
-Knowing ownership % info is hardly a license to steal. If you just blindly took all low owned players your lineup would be garbage, because overall low ownership corresponds to low projected player output. You being contrarian can't overcome the microscopic odds of all your bad players performing and all the good ones laying an egg.
-On Fanduel you can monitor other players lineups right along with your own. So if they tried to past post switch players in their lineup there is a good chance someone would catch it and bury them
-Just what in the hell good does it do to cancel 1000 entries? Once the tourney starts the prize pool is locked in, so cancelling a bunch of entries just creates overlay
Look I heartily agree there are alarming issues in DFS right now but a lot of the complaints and accusations don't make any sense
Posted:
#24
Quote Originally Posted by 666LES:
This isn't Wall Street and there isn't a SEC for this foolishness.This isn't an instance of fore-knowledge of a merger or sale.This could be like an employee of the Westgate Sportsbook noticing a betting trend from their handle and going to Southpoint Sportsbook and making a wager.It's not Insider Info because the results are not known,(who knew the Lions were going to fumble on the goal line last night?)Fanduel/Draftkings can talk about restricting employees all they want but on Wallstreet and Vegas,it isn't illegal to talk to their Brother-in- Law or hire a beard.
This isn't Wall Street and there isn't a SEC for this foolishness.This isn't an instance of fore-knowledge of a merger or sale.This could be like an employee of the Westgate Sportsbook noticing a betting trend from their handle and going to Southpoint Sportsbook and making a wager.It's not Insider Info because the results are not known,(who knew the Lions were going to fumble on the goal line last night?)Fanduel/Draftkings can talk about restricting employees all they want but on Wallstreet and Vegas,it isn't illegal to talk to their Brother-in- Law or hire a beard.
This statement couldn't be anymore wrong. This is exactly insider information. And it's the same thing in a way as Wall Street. The outcry is that there should be a governing body like the SEC for wall street. They make investing as level and even as possible. That's what needs to be done to this industry both DFS and sports betting. Gaining ownership levels where you can eliminate a large percentage of competitors gives you a huge advantage. And to your example, the sports books post their odds and a player can see the trends and changes in lines of games. Players have no knowledge of the percentage of ppl picking certain players. That's what this whole thing is about.
Posted:
#25
Quote Originally Posted by thorpe:
Quote Originally Posted by 666LES:
This isn't Wall Street and there isn't a SEC for this foolishness.This isn't an instance of fore-knowledge of a merger or sale.This could be like an employee of the Westgate Sportsbook noticing a betting trend from their handle and going to Southpoint Sportsbook and making a wager.It's not Insider Info because the results are not known,(who knew the Lions were going to fumble on the goal line last night?)Fanduel/Draftkings can talk about restricting employees all they want but on Wallstreet and Vegas,it isn't illegal to talk to their Brother-in- Law or hire a beard.
Let's say 1,000,000 people enter a drawing for $1 where a number is picked between 1 and 1000. If more than one person has the winning number, then they split the pot.If you can see all the entries before-hand, and notice no one picked 885, and you enter on that number, that isn't cheating? You still only have a 1/1000 chance to winThis isn't Wall Street and there isn't a SEC for this foolishness.This isn't an instance of fore-knowledge of a merger or sale.This could be like an employee of the Westgate Sportsbook noticing a betting trend from their handle and going to Southpoint Sportsbook and making a wager.It's not Insider Info because the results are not known,(who knew the Lions were going to fumble on the goal line last night?)Fanduel/Draftkings can talk about restricting employees all they want but on Wallstreet and Vegas,it isn't illegal to talk to their Brother-in- Law or hire a beard.
You started out great but then I lost what side you were on.
This is an advantage if you know that no one has picked number 885. It's a statistical advantage, not a huge advantage but a higher probability. You have to consider variable change also if you know or have a higher probability of a number being picked or not picked. Like the movie 21 explains variable change pretty wel for the normal consumer.
https://youtu.be/Zr_xWfThjJ0
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