Is Draftkings Legit
DraftKings is a scam or legit?
With many avid sports fans deciding whether or not to join in on daily fantasy sports, many are wondering whether DraftKings is a scam or legit, as there are so many get rich quick schemes in the world that always sound a little too good to be true. Although, there is a handful of states that ban fantasy sports as an illegal form of gambling, it is not a game of chance, which constitutes its present legality on a federal level and in most of states in the Union.
DraftKings is one of the most popular brands for daily fantasy sports in the United States. In 2018, it launched a full and complete real money online sportsbook in New Jersey. It later expanded. Yes, DraftKings is legit. Unlike online sports books and the shady online poker sites from a few years ago, DraftKings is headquartered in the United States – Boston to be more specific. The company was founded in 2012 by three Boston-area buddies who built the.
DraftKings does promote that anybody can win a “ship-load of money,” but fail to express the real truth behind the game of statistics in its several advertisements. This article will cover DraftKings' start, its process, legality, and how it is possible to be successful in daily fantasy sports.
The Beginning of DraftKings
In 2012, three friends and colleagues from the company VistaPrint decided to start their own daily fantasy sports company. At the time, DraftKings was small and operated out of one the founder’s homes. Jason Robins, Matthew Kalish, and Paul Lieberman wanted to offer a different alternative to FanDuel as well as some healthy competition in an industry that was close to boiling over with upside.
The trio attracted investors almost immediately and were hosting their first one on one Major League Baseball competitions on the 2012 MLB season opener. After successful rounds of funding, the company grew to absorb several smaller rivals to compete at the top as the second largest DFS site in the business. Now almost if not equal to FanDuel, the company has business relationships with ESPN, MLB, FoxSports, and team owners such as New England Patriots CEO Robert Kraft. DraftKings is set to spend over $240 million in advertising alone on Fox over the course of the next three years. The mega-million contract helps to explain the most recent NFL season’s bombardment of commercials.
The Game of Skill
Is Draftkings Reliable
The truth is hidden in DraftKings’ multitude of ads, instead telling sports fans that players can hit it big. The advertising though smart, could be seen as a mirage, deception, or scam. The reason being is that if you are planning to pick your favorite players without hours of research, and proper strategy, you’ll end up on the losing end of the system. After all, the game of skill leaves around 70 percent of participants out on the curb as overall losers.
The 30 or so percent of “pro” players are often the serious and committed participants that invest in their knowledge and analytical methods. Using statistics, these “DFS sharks” predict performances for almost every potential scoring athlete. Through variables like matchups, past performances, player styles, and workload percentage help these winners create accurate projections from week to week. Some players build a model that just requires weekly input to pump out promising draft picks. Of Course, there is always risk involved, but the numbers do not lie when properly analyzed. So if you are hoping to cross your fingers for that millionaire maker jackpot, chances are it will go to someone who did their homework. Get on those statistics!
Legality
Paying attention to the statistics also show why the game is legal and not a scam. In 2006, a majority of gambling methods online were outlawed through a federal ban known as the Unlawful Internet Gambling Enforcement Act. Congress left out fantasy sports betting for a reason; it centers around skill. The varying factors discussed above act as the primary components of the game. The several variables are crucial to impact the outcome of who wins and loses which is why it is the same 30 percent or so of players that continually take home the money. Due to many lawsuits claiming that the game is illegal gambling, many lawmakers are taking a second look at the system and aspects of DFS. If new conclusions can be proven to relabel the game as illegal, it will take convincing evidence that elements of chance decide the victor.
Ledit or a scam conclusion
So if you are thinking about joining DraftKings, remember what the great Joe Lombardi said, “Success happens when preparation meets opportunity.” Prepare yourself by learning strategy for the varying daily fantasy sites, rules, scoring systems and competitions. Check out our free strategy guides on fantasy sports as well our reviews on all of the top DFS sites. Remember your limits and to enjoy the experience. Have fun and good luck!
Is Draftkings Legal In Canada
