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Old 07-06-2012, 10:00 AM   #1
grinder
 
Join Date: Oct 2009
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Fantasy Sports Idea - Would This Work?

So I have been playing a bit of daily Fantasy sports lately (Fanduel / Draftstreet mostly) and have a decent ROI (low stakes and small sample sizes so not too meaningful) but that got me thinking it would be nice to have somewhere that:

A. Tracks my daily Fantasy Sports investment stats

B. Allows me to post up staking packages for other investors to take pieces of me / back me

I envision it would be the ChipMeUp of fantasy sports.

I would not only like to be staked on occasion but would also like a marketplace where I could pick up some horses. Since this seems to be a billion dollar industry that operates very similar in many regards to poker I would think this type of service could be lucrative from many angles (mostly from charging juice per staking deal but the affiliate deals for some of these sites are pretty good right now as well).

Could this work? Has anyone seen anything even remotely close.

It would be like an investment marketplace for Fantasy Sports.

Last edited by slinky1; 07-06-2012 at 10:07 AM.
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Old 07-07-2012, 11:18 AM   #2
journeyman
 
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Re: Fantasy Sports Idea - Would This Work?

Ehh....My feeling is that the DFS market is just wayyy too small at this point for something like this.

Also considering how little startup $ is needed to play DFS, why would anyone who had any type of edge need funding? I can only see it happening in extreme circumstances and its just wayyy too small of a market.
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Old 07-07-2012, 01:21 PM   #3
grinder
 
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Re: Fantasy Sports Idea - Would This Work?

Hi Only,

Thanks for the response.

-I see people playing DFS and laying out like 1k - 3k a day + in competitions (the sky is really the limit). There are single heads up games you can play at $500 a pop (the monthly leader on Fanduel only 6 days into the month has 30k + in cashes - thats just one site and means he probably had to risk/spread 20k+ in less then a week). I am not sure what you consider startup money but laying out 10k - 20k a week in tourney money does not seem like chump change to me. Not only this but it could extend into getting staked in season long events etc. (which can get into huge buyins). its not just the DFS market it can be for the whole market. I think most would agree all signs point to this only getting bigger and bigger (as if billions were not already enough). The number of fantasy sports contests that run in this country for money is ridiculous (not sure how that is a small market).

-Go look at the staking Market here. People post $500 - $1000 daily packages all the time and sell out like crack. This would be very easy to do in DFS (and more people are into sports then they are poker + there are like 6 different sports running DFS contests throughout the year).

You do realize people stake and get staked for other reasons besides money also right?

Last edited by slinky1; 07-07-2012 at 01:40 PM.
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Old 07-07-2012, 02:13 PM   #4
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Re: Fantasy Sports Idea - Would This Work?

#1 Variance in DFS is much lower than poker. People can handle the swings.

#2 The edge a good DFS player has compared to a fish is higher than that of poker. Building a bankroll is easier.

#3 People like to stake people so they can get more action and profit. Someone who knows enough about DFS would just enter more contests on their own. Did you know there is a limit as to how many contests you can enter on some of the sites in a day?

#4 Season long events have nothing to do with daily type events. There is a negative correlation if anything.
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Old 07-08-2012, 02:31 PM   #5
grinder
 
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Re: Fantasy Sports Idea - Would This Work?

I want to preface this by saying I know BOOT is one of the most advanced posters in the SB forum so these questions are just a learning exercise for me.

#1 Variance in DFS is much lower than poker. People can handle the swings.

How did you determine / calculate this?

NL poker is almost solved theoretically and players have some control over decisions.

DFS has extreme daily variables like lineup changes, weather, injuries, manager decisions, odds, trends etc. and the DFS players have no control over anything related to the actual game. There is also very little in the way of tracking individual DFS players (no HUD's etc.) making decisions even tougher and variance greater.

I know a really good NL tourney player and I know a really good DFS player. If they played the same amount of tournaments, with the same field sizes and buy ins I would expect them both to cash very close to the same % of the time (and would lean towards the poker player cashing more consistently). How much % do you think the difference is?

#2 The edge a good DFS player has compared to a fish is higher than that of poker. Building a bankroll is easier.

How do you determine your edge? Where are the fish and how do you find them? Even the best players in the world can have bankroll issues (this has been proven time and time again in poker) so while beating DFS at a nice clip might be someones strong point building a bankroll may not be.

#3 People like to stake people so they can get more action and profit. Someone who knows enough about DFS would just enter more contests on their own. Did you know there is a limit as to how many contests you can enter on some of the sites in a day?

I think some people like to make money investing or sweating "games" but would rather not put the 3+ hours a day of research in it may take to become a competitive DFS player. This fills that gap. Plus some people just like to have fun/sweat games. I will often stake poker players for $50 or $100 bucks for the sole purpose of gambling, having fun, making new connections, helping out friends, logistical stuff etc. (of course I also want to make money but that is secondary and already calculated into my risk). Even just looking for new ways to invest is fun to me and looking through 100's of DFS players to find the best return would be enjoyable just like looking through a bunch of stocks would be or a bunch of peer to peer loans or something similar.

What are sites with limits? What limits do they impose?

#4 Season long events have nothing to do with daily type events. There is a negative correlation if anything.

Exactly my point and is a great reason to offer both investments as an option, making the idea even bigger and more of a potential quality service / moneymaker. Investors would of course have to make their own assessments on their horses edges in both types of contests (just like a really good NL player might not be that great of an investment in 2-7 triple draw).

Isn't the potential / current Fantasy sports market (not just DFS) much greater then poker currently thus giving an idea like this an even greater chance to succeed / find new customers. BOOT you seem to know a ton about DFS. Are you crushing the games?

Last edited by slinky1; 07-08-2012 at 02:51 PM.
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