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Posts: 154

Here comes Congress for DFS -- (link)

Posted by ML (aka Iadodger) Sep 14 '15, 15:11

(No message)

https://twitter.com/ToddRuger/status/643509274023460866 (twitter.com)

Responses:

Supposedly quant jocks can game the stats to win far more than the average schlub - jangles Sep 14, 15:17 4
- The article ML posted last week claims that virtually ALL the money is being won by sharks/quants -- nm - rollo Sep 14, 15:21 3
  - Here's the money quote if you don't want to read the whole article -- (edited) - rollo Sep 14, 15:29
  - So more like the blackjack players who memorize the odds charts -- (link) - jangles Sep 14, 15:25 1
    - More like math PHDS who work for hedge funds and use weather algorithms to know when is a good time to short wheat futures -- nm - rollo Sep 14, 15:32
Idonotknowthis: do those sites take/give money? -- nm - b. Sep 14, 15:14 21
- wow, that's a lot of money - fanduel. nm but: -- (link) - b. Sep 14, 15:15
- Yes. Fantasy sports are classified as skill rather than luck so they are perfectly legal under Federal law. -- nm - spamlet Sep 14, 15:15 19
  - Lol -- nm - znufrii Sep 14, 15:28 1
    - I'm still confused as to whether athletes should be permitted to participate, given that there's monetary reward based on outcome. -- nm - Mop Sep 14, 15:34
  - Blackjack and poker are skills, too. -- nm - Mop Sep 14, 15:19 9
    - No. Go read the UIGEA, which specifically carves out an exception for fantasy sports. -- nm - ML Sep 14, 15:23 8
      - There's the legal definition and then practicality - if fantasy sports are a skill, so is poker - Reagen Sep 14, 15:28 7
        
        [deleted]
        
        Maybe, but we're obviously talking legality here. - ML Sep 14, 15:29 5
        
        I don't think anyone's arguing the legality, just pointing out the complete nonsensical nature of it. - Reagen Sep 14, 15:33 4
        
        Yep. -- nm - Mop Sep 14, 16:15 1
        
        OK™ -- nm - ML Sep 14, 16:21
        
        I agree with your IM. -- nm - ML Sep 14, 15:40
        
        fwiw, I agree with this. -- nm - b. Sep 14, 15:34
  - Correct. Not "murky" at all. - ML Sep 14, 15:16 6
    - He has Eli on his FF team? -- nm - rollo Sep 14, 15:20 1
      - thx for jinxing me in QV by the way - ML Sep 14, 16:17
    - They want sports books and have been denied multiple times. - Krusty Sep 14, 15:18 1
      - He's just mad that money isn't going to NJ. -- nm - Krusty Sep 14, 15:19
    - Only if you accept that picking intentionally outperforms picking at random by a significant margin -- nm - jangles Sep 14, 15:18
    - Glad I'm not the only one that thought of the IM. -- nm - spamlet Sep 14, 15:18

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