DFS Industry Discussion Thread - Page 86 - Fantasy Sports -- Two Plus Two Poker Forums

Check the T&Cs of the sites. All will have: Arizona, Louisiana, Washington, Montana and Iowa (laws that pre-date DFS/UIGEA for the most part.)

Nevada was first to legalize it by requiring a license.

NY, IL, TX, HI, MS, have had their Attorneys-General declare it as gambling/sports wagering/illegal, with a list of complicated actions.

Then there is a huge list states that have regulation/legislation of varying degrees in the works like: MA, MD, CA, FL, HI, others.

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01-31-2016 , 08:17 AM

#2128

Tipp86II

enthusiast

Join Date: Dec 2012 Posts: 52

Any way to get around Matchbook if im living in the USA.

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01-31-2016 , 09:36 PM

#2129

Gzesh

Carpal \'Tunnel

Join Date: May 2011 Posts: 7,643

Quote:

Originally Posted by Tipp86II

Any way to get around Matchbook if im living in the USA.

Does Matchbook offer a DFS product in any format ?

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02-05-2016 , 11:38 AM

#2130

Jean

old hand

Join Date: Nov 2007 Posts: 1,585

DK UK launched, bang!

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02-05-2016 , 07:15 PM

#2131

Russ Fox

tax practitioner

Join Date: Jun 2004 Posts: 884

Citibank bars New Yorkers from using Citi credit cards for DFS until court case is resolved.

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02-05-2016 , 09:16 PM

#2132

SeeTheMirage

grinder

Join Date: Nov 2014 Posts: 650

Does DK send tax documents or are we left to do it ourselves? I thought I read if you profited over $600 you would receive actual paper documents and those who profited less would be responsible for doing it themselves.

I only profited a few thousand last year but was asked to provide my SSN which I assumed would put me on the list of those receiving documents. So far I have received no communication from them about it. I thought they only had til the end of January to send the documents or to notify me of a delay. Was I mistaken and it's up to me to figure it all out?

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02-05-2016 , 09:39 PM

#2133

BillyPhelan

grinder

Join Date: Dec 2011 Posts: 630

Quote:

Originally Posted by Russ Fox

Citibank bars New Yorkers from using Citi credit cards for DFS until court case is resolved.

Citi card hasn't been accepted since the Mendez decision in Nov.Eric the Dickless probably got in their ear.

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02-05-2016 , 09:42 PM

#2134

wesrwood

temp-banned

Join Date: Feb 2007 Posts: 22,886

Quote:

Originally Posted by SeeTheMirage

Maybe you didn't profit 600 overall

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02-05-2016 , 10:09 PM

#2135

SeeTheMirage

grinder

Join Date: Nov 2014 Posts: 650

Quote:

Originally Posted by wesrwood

Maybe you didn't profit 600 overall

Definitely did. Started 2015 with an empty account, total deposits of $300, cashed out ~$3600 and have $500ish in my account (haven't played since baseball ended)

Has anyone received any tax documents from them?

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02-05-2016 , 10:18 PM

#2136

BK1248

Pooh-Bah

Join Date: Nov 2003 Posts: 3,773

Quote:

Originally Posted by SeeTheMirage

From what ive heard they are behind schedule and not sending out 1099s til end of February at the earliest . Big surprise the way these companies are run so far.

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02-05-2016 , 10:35 PM

#2137

SeeTheMirage

grinder

Join Date: Nov 2014 Posts: 650

Quote:

Originally Posted by BK1248

From what ive heard they are behind schedule and not sending out 1099s til end of February at the earliest . Big surprise the way these companies are run so far.

Ok thank you! I should have known this was likely the case

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02-05-2016 , 11:19 PM

#2138

wesrwood

temp-banned

Join Date: Feb 2007 Posts: 22,886

Quote:

Originally Posted by BK1248

From what ive heard they are behind schedule and not sending out 1099s til end of February at the earliest . Big surprise the way these companies are run so far.

Legally they need to be sent out be end of January

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02-05-2016 , 11:20 PM

#2139

wesrwood

temp-banned

Join Date: Feb 2007 Posts: 22,886

Quote:

Originally Posted by SeeTheMirage

I'm in the same boat as you and they told me I didn't earn over 600

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02-05-2016 , 11:22 PM

#2140

Play4Keeps

old hand

Join Date: Nov 2014 Posts: 1,207

So I heard that a lot of former poker players started doing this, whats the current state of dfs? is it profitable and I heard about how it may be getting unregulated in the states like online poker, is this true? how long will it be around most likely? Im a canadian and have been playing poker pro for about a year now and just heard about this and im really interested in whether or not its worth learning

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02-06-2016 , 12:10 AM

#2141

DuckSauce

Carpal \'Tunnel

Join Date: Apr 2011 Posts: 11,755

Quote:

Originally Posted by wesrwood

Legally they need to be sent out be end of January

They were granted an extension AFAIK.

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02-06-2016 , 12:12 AM

#2142

DuckSauce

Carpal \'Tunnel

Join Date: Apr 2011 Posts: 11,755

Quote:

Originally Posted by Play4Keeps

It can be profitable yes. Need good math/excel skills, and preferably programming skills. Also need to know sports extremely well to succeed. If you aren't good you will get wiped out way quicker than in poker.

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02-06-2016 , 04:07 AM

#2143

Garrincha67

grinder

Join Date: Sep 2015 Posts: 559

Quote:

Originally Posted by Play4Keeps

It can be profitable if you in it for the long term. For the short-term I do not think it is worthwhile as the variance and swings have effect.

It depend what sport you want to play, some require heavy maths and stats. Some require less stats and more intuition.

This just got posted on YouTube and have a look.

Is Playing Daily Fantasy Sports Any Different From Playing Powerball?

https://www.youtube.com/watch?v=Wcdp7r7hkxY

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02-06-2016 , 08:17 AM

#2144

Play4Keeps

old hand

Join Date: Nov 2014 Posts: 1,207

would your math skills need to be better than say an avg 200-500nl online reg? and I honestly dont know much about sports other than soccer, is this something that can be learnt from scratch like poker?

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02-06-2016 , 09:12 AM

#2145

Jean

old hand

Join Date: Nov 2007 Posts: 1,585

More datamining than math imo.

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02-06-2016 , 01:16 PM

#2146

DuckSauce

Carpal \'Tunnel

Join Date: Apr 2011 Posts: 11,755

Quote:

Originally Posted by Jean

More datamining than math imo.

Kinda. Coming up with bespoke algorithms for projections is important too.

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02-06-2016 , 01:55 PM

#2147

Lawnmower Man

Pooh-Bah

Join Date: Feb 2015 Posts: 4,457

To build a good model, you need programming skills and a lot of knowledge in advanced statistics. If you have neither, then your option is pay some sites $69.99/mo to do it for you while you spend your valuable time registering thousands of games against bad players.

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02-06-2016 , 02:00 PM

#2148

Garrincha67

grinder

Join Date: Sep 2015 Posts: 559

Quote:

Originally Posted by Jean

More datamining than math imo.

I could not agree more. Yes, data mining and sourcing quality info/data.

Maybe sports like baseball and NFL will need heavy maths.

But for football, knowledge of diverse leagues and players takes time. No amount of modeling & maths can offer a short cut.