Quote:
Originally Posted by Goathair
LOL, the "first one" is an interview with the CFO of FanDuel. That he throws poker under the bus would not be surprising:
Matt King has heard the criticism about daily fantasy sports. Many outside the industry say that it’s gambling. But King, the chief financial officer of FanDuel, one of the top two daily fantasy sites, disagrees.
“Every time that you talk to our users,” says King, “what comes through loud and clear is the fact that we are an entertainment product.”
And unlike gambling, which is made up of games of chance, daily fantasy sports “is truly a game of skill,” says King.
“Just like football or basketball. The more you practice, the better that you get.”
Well, it could be poker. Poker is a game of skill, right?
No poker is not.
So you don’t think winning at poker involves skill?
There is a lot of academic research on this, what’s the skill versus luck kind of spectrum. The reality is within poker,
every time you shuffle the deck, it creates an element of luck that trumps it basically to being much more a chance-dominated game than a skill-dominated game. If you look at our data, the players that are good, are frankly consistently good. It is truly a game of skill. … Just like football or basketball. The more you practice, the better that you get. Many of the forms of regulated gambling are actively constructed so they are games of chance, and that is a very, very different experience than a game of skill, which is what fantasy clearly is."
With all due respect, Mr. King was either delusional or lying/spinning.
Every entertainment and skill attribute he assigns to participation in DFS applies to direct betting on sports.
Much of the skill v chance analysis spun in this area ignores that sports-betting is sports-betting. Showing that sports-betting is is a" skilled "activity does not make running a sportsbetting business legal where it is specifically outlawed by statute.