What a Tuel Posted November 28, 2015 Share Posted November 28, 2015 (edited) And that's why the better analogy is to investing and not to gambling. The skilled pros who have access to vastly more and better information will clean the amateurs' clocks 99% of the time. Doesn't mean that the amateur can't hit the right score once in a while. It's no secret that daily fantasy is employing the same marketing gambits that the lotteries and investment houses do. Hey, you never know. But that's a whole different argument of whether the fantasy leagues are games of skill or games of luck. Let's not forget that NYS in its inimitable wisdom held that pinball machines were a form of gambling. I'd go with that. That is why I say NYS has ulterior motives for banning it rather than it simply being technically "gambling" and not liking it. There is a reason they are avoiding season long fantasy, and that difference is the large transfer of money happening weekly with daily fantasy. We are talking about a ton of money. Some people have been saying it's NYS supporting the brick and mortar gambling ventures like the lottery, and casinos, but I don't buy that, Edited November 28, 2015 by What a Tuel Link to comment Share on other sites More sharing options...
McBeane Posted November 28, 2015 Share Posted November 28, 2015 There have been some reports that some paid shrills for Draftkings have been posting on social media how much money they earned but this is more likely just boasting with some stretching of the truth. Hey now, I particiapte in FanDuel and am up $2.50 in the last two weeks. You just have to be smart!! Link to comment Share on other sites More sharing options...
GG Posted November 28, 2015 Share Posted November 28, 2015 (edited) I'd go with that. That is why I say NYS has ulterior motives for banning it rather than it simply being technically "gambling" and not liking it. There is a reason they are avoiding season long fantasy, and that difference is the large transfer of money happening weekly with daily fantasy. We are talking about a ton of money. Some people have been saying it's NYS supporting the brick and mortar gambling ventures like the lottery, and casinos, but I don't buy that, It's nothing more than a money grab by. NYS. Edited November 28, 2015 by GG Link to comment Share on other sites More sharing options...
What a Tuel Posted November 28, 2015 Share Posted November 28, 2015 It's nothing more than a money grab by. NYS. How so? What do they gain financially by banning it? Currently winners still need to claim their winnings as income for tax purposes. (They are supposed to anyway.) Link to comment Share on other sites More sharing options...
GG Posted November 28, 2015 Share Posted November 28, 2015 How so? What do they gain financially by banning it? Currently winners still need to claim their winnings as income for tax purposes. (They are supposed to anyway.) Banning them is the first step in the negotiations. If the sites are deemed gambling, then NYS gets to let them operate as a gambling entity and extract the fees. This had nothing to do with consumer protection from a state that takes in hundreds of millions in lottery tickets from low income people. Link to comment Share on other sites More sharing options...
Beef Jerky Posted November 28, 2015 Share Posted November 28, 2015 The hypocrisy is what kills me. NYS is saying it's gambling and gambling is illegal. Oh really? Then what's with the NY lottery and the dumb scratch off tickets I get from relatives on my birthday? How about OTB and casinos? Makes no sense. I feel like I'm taking crazy pills. They must think we are pretty stupid It is only illegal if they don't pay some money to NYS. Link to comment Share on other sites More sharing options...
What a Tuel Posted November 29, 2015 Share Posted November 29, 2015 Banning them is the first step in the negotiations. If the sites are deemed gambling, then NYS gets to let them operate as a gambling entity and extract the fees. This had nothing to do with consumer protection from a state that takes in hundreds of millions in lottery tickets from low income people. Then why is Online Poker not legal still? Link to comment Share on other sites More sharing options...
GG Posted November 29, 2015 Share Posted November 29, 2015 Then why is Online Poker not legal still? Several reasons I guess and very few are logical. It's associated with gambling and there isn't one big entity that's fighting to make it legal. Plus many poker sites are run by offshore illicit groups, so there's that organized crime element. Link to comment Share on other sites More sharing options...
jimmy10 Posted November 29, 2015 Share Posted November 29, 2015 Banning them is the first step in the negotiations. If the sites are deemed gambling, then NYS gets to let them operate as a gambling entity and extract the fees. This had nothing to do with consumer protection from a state that takes in hundreds of millions in lottery tickets from low income people. Just playing devils advocate... Aren't lottery odds clearly spelled out, albeit in fine print? DFS advertising average expenditures of around $6 and average winnings around $20 (again, fine print at the bottom of ads) is pretty misleading. Link to comment Share on other sites More sharing options...
What a Tuel Posted November 29, 2015 Share Posted November 29, 2015 (edited) Several reasons I guess and very few are logical. It's associated with gambling and there isn't one big entity that's fighting to make it legal. Plus many poker sites are run by offshore illicit groups, so there's that organized crime element. If NY won the courts consideration of banning DFS, I do not believe NYS would then pass a law saying it was legal if they pay them more money. I don't believe they will win this first round though, so I believe they will negotiate a way to take these companies down a notch and regulate the industry. That is still only by failing to ban it though, IMO. Edited November 29, 2015 by What a Tuel Link to comment Share on other sites More sharing options...
17 Josh Allen Posted December 2, 2015 Share Posted December 2, 2015 The vast majority of non-DFS people struggle with the idea that DFS isnt simply ONE contest, rather, that a DFS player views his play as a series of many different 1-day contests. To the non-DFS people, DFS is a 1-day contest, and season-long is a season long contest. From that aspect, if your guy gets hurt in a 1-day contest, your team is probably done, whereas if your guy gets hurt in season-long, you can try to adjust somehow. They dont grasp the concept that DFS is 17 weeks of 1-week contests (for NFL, just to use them as the example), so if your main guy is hurt for the first week, you may lose Week 1, but you still have Weeks 2-17 to end up a winner. This of course also requires bankroll management, a key skill in DFS. I know people dont always like to hear the DFS vs Poker comparision, but in this light, poker has the same problem. Its very tough to get non-poker players to understand the skill in poker isnt limited to 1 hand. Yes, in any ONE HAND of No Limit Hold Em, the results are incredibly luck-depedent. But NLHE success is not about any one hand, its about winning the most money when your dealt favorable cards, and losing the least money when youre dealt unfavorable cards. How do we get people to understand this concept? I dont really know. Poker has struggled for years to get people to understand the idea, and DFS will have the same problems. The focus is always on ONE contest. All the morons out there focus on comparing ONE weeks worth of DFS to season-long, as opposed to 17 weeks worth of DFS to season-long. I havent the foggiest idea how to reframe the discussion, but successfully reframing the discussion would go a LONG way to helping DFS long-term health. Link to comment Share on other sites More sharing options...
26CornerBlitz Posted December 11, 2015 Share Posted December 11, 2015 @NewsRadio930 FanDuel and DraftKings ordered by a State Supreme court judge to stop accepting bets from customers in New York Link to comment Share on other sites More sharing options...
Maury Ballstein Posted December 11, 2015 Share Posted December 11, 2015 @NewsRadio930 FanDuel and DraftKings ordered by a State Supreme court judge to stop accepting bets from customers in New York So in other words. Gambling is still illegal. Link to comment Share on other sites More sharing options...
Captain Hindsight Posted December 11, 2015 Share Posted December 11, 2015 I wondered what the ruling on it was. Can't say I'm surprised Link to comment Share on other sites More sharing options...
jimmy10 Posted December 11, 2015 Share Posted December 11, 2015 I for one look forward to this judgement being dismantled here by a suspiciously verbose, unbroken wall of text. Link to comment Share on other sites More sharing options...
KD in CA Posted December 11, 2015 Share Posted December 11, 2015 I for one look forward to this judgement being dismantled here by a suspiciously verbose, unbroken wall of text. Take one drink for each use of the words "daily" and "skill". Two drinks for each reference to some federal law that has nothing to do with the State of NY. Link to comment Share on other sites More sharing options...
jimmy10 Posted December 11, 2015 Share Posted December 11, 2015 Take one drink for each use of the words "daily" and "skill". Two drinks for each reference to some federal law that has nothing to do with the State of NY. Are you trying to kill me? Link to comment Share on other sites More sharing options...
May Day 10 Posted December 11, 2015 Share Posted December 11, 2015 disappointed but not surprised. I was digging fanduel and having fun with it. I was up a few hundred dollars on the season. Didn't think I was harming anybody. Oh well. Link to comment Share on other sites More sharing options...
Punching Bag Posted December 12, 2015 Share Posted December 12, 2015 DraftKings, FanDuel granted emergency stay to continue in N.Y. http://espn.go.com/chalk/story/_/id/14344676/appeals-court-grants-stay-allowing-draftkings-fanduel-continue-operating-new-york DraftKings has stayed open in New York throughout the challenges made by the attorney general. FanDuel, which pulled itself out of the New York market on Nov. 17, will allow fans to once again play on its site starting Friday night, said spokeswoman Justine Sacco. Friday's ruling does not negate the interpretation made by Mendez that DraftKings and FanDuel were illegally operating within the state. Mendez agreed with Schneiderman's contention that the companies are operating illegal gambling sites based on how New York law defines gambling. Link to comment Share on other sites More sharing options...
UBBullsfan Posted December 12, 2015 Share Posted December 12, 2015 If you can't appreciate sports for sports, your life is too boring and you need to fill that with something other than gambling. It seems like people have zero attention span now, and they need a constant source of adrenaline or else they will jump off a bridge Link to comment Share on other sites More sharing options...
Recommended Posts