Draftkings getting killed by joe 6 pack public bettors

[Archie]

do the squares keep winning?

https://www.marketwatch.com/story/how-does-a-gambling-site-lose-money-draftkings-just-lost-250-million-in-revenue-mostly-on-nfl-games-a85a4cdf

DraftKings Inc. cut its full-year outlook on Thursday after the company revealed that its profitability was lower due to unfavorable game outcomes for its sportsbook.

And the results that hurt DraftKings DKNG were NFL games.

“NFL outcomes early in the fourth quarter … have resulted in headwinds to revenue and adjusted EBITDA of $250 million and $175 million, respectively,” DraftKings CEO Jason Robins said.


He added that in the fourth quarter, the company experienced “the most customer-friendly stretch of NFL sport outcomes we have ever seen.”

 

[djefferis]

Favorites wining regularly (werent they like 14-1 last week) and heavy promo handouts killing them.

The promos have stopped I’ve noticed - but others starting up to sway those bettors.

Good business - horrible management.

 

[Wagerallsports]

The promos have stopped I’ve noticed - but others starting up to sway those bettors.

Good business - horrible management.

Sounds just like Hard Rock Bet but not nearly as horrible

What a joke these legal books are picking & choosing at their own convenience how & when they cater to their customers

 

[jjgold]

Legal books are good for losing bettors

 

[Archie]

Legal books are good for losing bettors

the losers are winning lately and winners are losing

 

[jjgold]

the losers are winning lately and winners are losing

good point

 

[Archie]

time to hard fade the public sides?

 

[cellulark]

Not squares. It's dougy!

 

[KVB]

the losers are winning lately and winners are losing

good point

Is it a good point though?

"Casual" bettors might be winning with favorites, but why do sharper bettors need to be losing.

Can't it be that there is alignement and with favorites winning perhaps a good portion of both groups of bettors are winning?

After all, if losers are winning but winners are losing, then the results wouldn't be so drastic in the accounting.

Rather, I would suggest that everyone is winning, at least for a couple of straight weeks.

Know Your Markets is more than calculating hold and vig, I explain the true vig and understanding who is leading the line and who is lagging the line.

One thing to think about is that the line movement and vig alone is falling short for the books, that doesn't usually happen when "losers are winning and winners are losing." That usually happens when everyone is winning.

Think about it.

 

[jjgold]

It’s all peanut to them. They make a fortune on the casino.

 

[Archie]

does draft kings have many sharp big bettors? don't they give the boot or severely limit anyone they deem as non recreational or sharp?

 

[stormtrooper8]

Favorites just on a ridiculous run last few weeks

 

[KVB]

does draft kings have many sharp big bettors? don't they give the boot or severely limit anyone they deem as non recreational or sharp?

Oh Archie , Archie, Archie.

That's cute.

 

[pipe]

Favorites just on a ridiculous run last few weeks

Not today stormy. It's about fucking time.

 

[pipe]

does draft kings have many sharp big bettors? don't they give the boot or severely limit anyone they deem as non recreational or sharp?

Yes they are limited but have some.

 

[aikman.tr]

DK wanted to put me in ice for a year after I gave then royal shit for slow grading a College QB prop. Fukers took over 6 hours to settle. They locked the account, so I told them to just fukoff and close it permanently. They really didn't want go comply but sent me my balance and I have never and will never login to DonkKings again!!

 

[Archie]

time to hard fade the public sides?

YES!

finally regression to mean

 

[pipe]

time to hard fade the public sides?

 

[pipe]

DK wanted to put me in ice for a year after I gave then royal shit for slow grading a College QB prop. Fukers took over 6 hours to settle. They locked the account, so I told them to just fukoff and close it permanently. They really didn't want go comply but sent me my balance and I have never and will never login to DonkKings again!!

Locked out man thats petty as f***. Get back in And pop em with Laughing really hard

 

[BigJay]

It’s all peanut to them