Draftkings getting killed by joe 6 pack public bettors

[gauchojake]

We are winning

 

[solomonitto]

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.” Bookmakers always come out on top. Of course, there are temporary fluctuations when customers are lucky and favorites win more often. I was also into betting for a while, but everyone will lose everything one day. Now I have already started betting less. I started reading on https://pl.bestcasinos-pl.com/minimum-deposit-casinos/od-1-zl/ about minimum deposit casinos. For me, it is much more interesting, or I have lost interest in betting. In any case, I will continue reading about it.

They make money on the margin built into the odds. They have an ace up their sleeve.

 

[BobbyFK]

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

Welcome to the world of legit books

 

[jjgold]

They also release statements like this so people gamble more thinking it’s gonna be them to win big money

 

[KVB]

They also release statements like this so people gamble more thinking it’s gonna be them to win big money

lol, no doubt about it.

But it’s a dual use statement.

Releasing financials and guidance will happen whether or not they win or lose.

This time around they get some bonus marketing, consider it a rebate to them for their loss.

 

[stevex]

I could be wrong but this has not been just NFL. All the 4 major sports since the start of MLB this season have seen, at least to me, chalk winning a higher percentage than years past. Factor in UFC/MMA where an underdog hardly ever wins, and I wouldn’t doubt that Joe Public has been having a good year and not just quarter.

With that being said, variance is a thing. It’ll turn around for us dog bettors.

 

[JDS]

I could be wrong but this has not been just NFL. All the 4 major sports since the start of MLB this season have seen, at least to me, chalk winning a higher percentage than years past. Factor in UFC/MMA where an underdog hardly ever wins, and I wouldn’t doubt that Joe Public has been having a good year and not just quarter.

With that being said, variance is a thing. It’ll turn around for us dog bettors.

Road dogs in the MAC are hitting quite well this year during the week, for like a month now.

 

[Archie]

I could be wrong but this has not been just NFL. All the 4 major sports since the start of MLB this season have seen, at least to me, chalk winning a higher percentage than years past. Factor in UFC/MMA where an underdog hardly ever wins, and I wouldn’t doubt that Joe Public has been having a good year and not just quarter.

With that being said, variance is a thing. It’ll turn around for us dog bettors.

yep all the big televised public shit.

which is great. regression cashing even bigger soon!

 

[stevex]

Road dogs in the MAC are hitting quite well this year during the week, for like a month now.

Have you seen the results so far this week lol? If you’re referring to NCAAF that is. Chalk lovers dream.

 

[JDS]

Have you seen the results so far this week lol? If you’re referring to NCAAF that is. Chalk lovers dream.

MAC road dogs last night went 2-1, yes NCAAF. I’m referring to a specific conference and not overall.

 

[JDS]

MAC road dogs last night went 2-1, yes NCAAF. I’m referring to a specific conference and not overall.

ATS not ML which I meant as well.

 

[stevex]

ATS not ML which I meant as well.

Ah, gotcha. I’m a ML guy so tend to think that way. All of the favs in NCAAF so far this week have won. ML’s tend to be used more in Joe Public parlay’s so, yeh, its been a good year in all sports for those guys.

 

[stevex]

Another NFL fav winning. Unreal.

 

[MinnesotaFats]

It's all the teasers. I mean, seriously, how many games you gonna lose when you can shift a -7 to a +4, and do it with 3 SB contenders, weekly.

Another is live betting. A team goes down 20 points in NFL or NBA and you bet that automatically now, it always tightens.

They've got to limit teasers & live betting.

 

[KVB]

They've got to limit teasers & live betting.

They do.

lol

 

[MinnesotaFats]

They do.

lol

What's Draft Kings policy?

 

[KVB]

What's Draft Kings policy?

The policy is that they can do whatever the fukk they want...

https://sportsbook.draftkings.com/help/general-betting-rules/general-rules

4. Betting and Payout Limitations

1. The minimum bet amount is ten cents ($.10). DraftKings reserves the right to limit the maximum bet amount such that the net payout (the payout after the wager amount has been deducted) on any bet or combination of bets by one Authorized Account Holder does not exceed {$500,000}. This limit may be lowered by DraftKings in DraftKings’ sole discretion. For further information it is recommended to consult the Sport Specific Limits.
2. All bet selections are subject to pre-imposed limits set solely at DraftKings' discretion which may be lower than the limits mentioned in the Sport Specific Limits and/or mentioned elsewhere on DraftKings’ platform. Should this limit be reached, the Authorized Account Holder has the right to ask for it to be exceeded by means of a request effected through DraftKings’ platform. DraftKings reserves the right to accept (fully or partially) or reject the said request without any prior notice and further explanation.

 

[KVB]

It's all the teasers. I mean, seriously, how many games you gonna lose when you can shift a -7 to a +4, and do it with 3 SB contenders, weekly.

You do know that the payout odds will change when you shift the line.

Right?

It's all a math conversion problem, nothing more.

Are you saying DK messed up on the teaser payouts? Why limit teaser players when you can just short them and still get their action?

 

[MinnesotaFats]

You do know that the payout odds will change when you shift the line.

Right?

It's all a math conversion problem, nothing more.

Are you saying DK messed up on the teaser payouts? Why limit teaser players when you can just short them and still get their action?

I would suggest they simply cap the bet on a teaser at like $500, on a live wager at $1000.

The math is what it is, however the square that sees Jets +26.5 in the 3rd qtr vs MN or Den +29.5 in the 4th qtr at home vs Dallas in bball goes all in there, and recoups all their losses on highly probable 4th qtr covers.

The live wager line doesn't have a 'motivation' factor to account for 1 squad running out the clock vs another trying to pad it's stats. That's where the book is getting killed.

 

[Pimike]

Favorites just on a ridiculous run last few weeks

I had two dogs last week and both won outright

Pats/Dolphins

one dog this week with one total