Daily Fantasy Sports: Last Week Tonight with John Oliver (HBO)

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Those ads a few months ago, the two major daily fantasy sites, Draftkings and FanDuel, were airing a national TV ad every 90 seconds, you just need to remind people of something that often, if your target market is the goldfish-loving sports, now for those who don't. Let me quickly explain what daily fantasy is, until recently fantasy sports used to be a season-long game where you and your coworkers picked imaginary teams of players, put $20 each into a pot, and eventually lost to Janice. in accounting, which would have been extremely disturbing and I'll tell you why she doesn't care about a bad sport, but Denny Lee fantasy is very different with daily fantasy, you can go online, you usually pay an entry fee from 25 cents to thousands of dollars per choice. team for just a

week

or a day and competing against complete strangers is the same as a season-long fantasy, in the same way that a good cup of tea is the same as a good bag of heroin, both give you a feeling. warm and charming, one is a little more intense. and many TV networks are not only airing fantasy ads daily, but they're making deals with these companies we should know: NBC Sports Group and NBC parent company Comcast are among the investors in FanDuel.

Here's something I should disclose: 21st Century Fox owns a stake. and Draftkings at CNN parent company Time Warner has made an investment in FanDuel as a matter of disclosure. ESPN has a two-year exclusive marketing agreement with Draftkings worth a reported $250 million. Heck, at this point there's almost no show that isn't financially compromised by a relationship with daily fantasy that includes yelling at your daughter until she dances in life, in fact, in fact, just so you know, HBO is a subsidiary of Time Warner , which means that this joke about being engaged is, in a sense, brought to you by fandoms. and I'll say thank you guys and it's not just the television networks, some of the sports leagues have become closely associated with these sites.

The NBA is an equity stake in fan d'Or. MLB has won at Draft Kings and many NFL teams have advertising deals. In fact, twenty-eight of the 32 NFL teams' fantasy sites have sponsorship deals with Draft Kings or FanDuel, and the owners of the Cowboys and Patriots are investors in Draft Kings and, of course, to some extent, the Leagues and networks like the idea of ​​Daily Fantasy is, frankly, the only thing that will make people want to watch the Bucs and Jaguars face off on a rainy Thursday night because no one is watching just to witness the majesty of the kicker's bathroom. from Tampa Bay, Connor, unless you're Connor's mom and even then I might DVR it.

Sorry, Connor, but it's Thursday, those are scandalous nights. I have Shonda Lange all the way. Have a good kick. I hope you kick well, but it's a little strange to see professional sports colluding with these. sites because most leagues have generally been opposed to gambling, unlicensed gambling is illegal in most states and these sites look a lot like gambling and don't take it just from me , take it from a Hall of Fame quarterback, Joe Namath, do you think that's right? The game is what you make of it, we're saying you have to call the play and if they win, one thing they do is bet, okay, okay, so Joe works like a man so lacking in discernment that he wore this to the Super Bowl , even he can see.

That this is a game of chance and it's not alone,

last

month the Nevada Gaming Control Board ruled that it was a game of chance essentially arguing that if people are going to lose all their money pressing buttons on a screen, they might as well let that screen have characters from Sex and the City and just This week there was another big problem for daily fantasy sports sites FanDuel and Draftkings. The New York Attorney General says they amount to illegal gambling. Yes, the New York Attorney General is trying to end the daily fantasy in the state and if that happens for the best.

To bet here, it will once again be buying meat on a stick from a guy with a cart, why does my chicken have whiskers? Do you know what I'm hungry for? I'm rolling the dice, but the two major daily fantasy sites insist they've done it. There's nothing wrong, in fact, Draftkings even claims on their website that it's 100% legal, which is immediately suspicious. If the TCBY guy said this frozen yogurt was 100% legal, you'd know it was somehow a product of the illegal sex trade and both companies would be mad. at the same word game insisting that they are something much more benign, you don't see what you do here at FanDuel as a game, yes, that is a word that is not used much around here, I understand it because we are every time you talk.

For our users, what comes across loud and clear is the fact that we are an entertainment product, okay, okay, sure, but do you know what else an entertainment product is? union, but when Draftkings in particular claims that it is not gambling, it is worth noting that not only did they apply for and receive a gambling license in the United Kingdom, but according to the Nevada Attorney General, their site web once had search engine optimization phrases with multiple instances of the word. Bets and sites usually use alt text like that to tell search engines what they are, that's why this show's website is tagged with british nerd, idiot, news, dumb and birdie, funny man, so here is the question of how quickly draftkings say they are not gambling and 100% legal, daily fantasy sites often point to one law in particular, the Unlawful Internet Gambling Enforcement Act of 2006 or UI gea.

Right now, of course, fantasy sports, which are a game of skill, are excluded from UI gea and are permissible, and most states in the US just think that under current law right now It is very obvious that this fits within games of skill. Now what he's referring to in his charismatic, sleep-inducing monotone voice is that in 2006, when Congress passed a law to crack down on online gambling, it exempted fantasy sports. What you remember back then, what are those office things you lost with Janice in accounting? It was supposed to be a very small exception, but through that small separation two multi-million dollar businesses emerged, it's like those legislators built a doggy door for a beloved dog and then the daily fantasy emerged like a pack of wolves, they say we are dogs, it's a dog door, right, that's for us, we're legally dogs, wow, right, tell them wow, step aside, lana, but even the guy who co-wrote that law says. it wasn't meant to apply to what fantasy sports has now become.

The U.S. congressman who wrote the 2006 legislation used by Draftkings and FanDuel as proof of their legitimacy is upset. Former legislator Jim Leach says it's a pure, closed spa for daily fantasy sports. sites to pretend that the law makes them legal okay okay okay but first of all close the spa it's actually pronounced Claude spur but but but but the idea that daily fantasy sites are using this law to claim that they are not gambling is not attractive, but because interestingly that law never said that fantasy sports were legal, it simply said that they were not explicitly illegal under that specific law, but that each state's gambling laws would continue to apply and, in general, most States determine whether something is gambling or not by asking whether it is more of a game of chance or more of a game of skill and whether being a game of chance could make you bet and therefore be illegal, it is no wonder that daily fantasy sites like to describe themselves like this, they are games of skill and we can demonstrate that through the data we have about the predominant skill factor in the game, then it is a game of skill and we can demonstrate that our game, as well than traditional fantasy sports, it is predominantly skill-based.

It's legally critical for these companies that they be perceived as games of skill, which is why every time I speak you hear the word skills more often than during an underground rap battle. In fact, this Friday, Daily Fantasy supporters held a protest rally in front of the New York Attorney General's Office with a familiar chant: hey hey hey now yeah I'm thinking it's a little strange that ordinary fans were chanting something so legally specific; there may actually be a reason for that behind me this morning, there's about 250 people here, they blocked the sidewalk, a lot of police, a lot of protesters doing a lot. of noise, but a hundred of those 250 people who are Fandral employees because they are officers are here in Union Square, they used their own employees as protesters if you're trying to argue that you're not a shady game. related company may not overtly align things in your favor, which is not to say that daily fantasy does not involve skill;

In fact, it might involve a lot more skill than they'd like you to know, because this summer a study revealed some shocking things. numbers 91% of the profits were earned by only the top 1.3 percent of players during the first half of the baseball season. 85 percent of the players were losers. Eighty-five percent of fantasy players were losers, which is staggering in the general population, that number is 40. percent at best essentially breaks down like this 40 percent lose 40 percent 14 percent weirdos five percent decent human beings and then of course Beyonce and if you're wondering what it takes to be part of that big winner 1% let me show you Albertson made over $200,000 playing fantasy sports

last

year by picking his teams of fantasy.

Albertson spends hours each day studying his own homemade algorithms that track thousands of up-to-the-minute statistics and player projections that even factor in hourly weather and wind forecasts. conditions in each stadium, these are all the pitchers, basically in baseball, you have dozens of rows of statistics, yes, sophisticated sports are effectively dominated by numbers, nerds with sophisticated algorithms, which is great news for anyone who wants to Moneyball may be somewhat more boring, but it's not great news for a casual player and somewhat undermines the key selling point in its ads. Anyone can win. It's not just a game for professionals.

It's a game for everyone. Fan duels made it so anyone could play. Anyone can be successful. Yes, but anyone can. Being successful is a bit of a stretch when only one percent of players make most of the money. Saying anyone can succeed at daily fantasy is a bit like saying they could be the next James Bond. Sure it's a mathematical possibility, but it's a long road. filmed, it's a different movie, neither better nor worse, just different, so these daily fantasy sites can find themselves in a dilemma under our confusing gaming laws, the more they are a game of skill, the stronger their legal case tends to be. , but less They become attractive to the average player and indeed there is precedent for an online amalgamation of skill and opportunity, unfortunately for the daily fantasy, it is poker that most states consider a game and one would think that if these places were smart, they would run away as fast as they could.

From any comparison to poker, if you play Draftkings, it actually in many ways has a similar feel to poker, the games have payout structures that are similar and you know there's a lot of different variety that you can play heads up to the end. To larger tournaments, the way he describes daily fantasy in poker is so similar that most people wouldn't be able to tell them apart. They're like alligators and crocodiles or Amy Adams and Isla Fisher. They are those two peopledifferent or the same person twice, it is impossible to know. Nobody knows and the similarities between online poker and daily fantasy don't end there.

Remember Cory Albertson, the guy with the homemade algorithm. Guess where he honed those skills in a past life? He was a professional poker player. He's all in and he's in trouble against Cory. Albertson both held a pair of Albertan jacks, but then he discovered daily fantasy sports and has been winning big against his online opponents ever since. Look, if you attract the same people and require the same type of skills, it's safe to say it's something similar. discovering that an Olympic gymnast has joined a circus like or an Olympic snowboarder has joined a Colorado marijuana dispensary.

There's connective tissue there, that's all I'm saying and in case the connection to the poker world isn't clear enough, guess who the sponsor was. of this year's World Series of Poker, the World Series of Poker Main Event stream presented by draftkings, they're basically saying that if you love gambling, you're going to love draftkings for completely unrelated reasons, check out By any rational definition, daily fantasy is gambling, which is not necessarily a bad thing, people clearly love it, but if we're going to de facto legalize sports gambling in the US we should at least do it. on purpose and not because two companies somehow managed to pretend they are not something they clearly are because gambling companies, wherever they are legal, are regulated to protect people and that will have to happen here.

And until then, if they're going to keep bombarding us with those ads, they should at least make them a slightly more honest daily fantasy. It's the hottest new way to make real money. As soon as I tried driving Kings I was hooked. I've been using Fandral since I saw those commercials on TV all the time. I turned thirty-five dollars into two million dollars into 40 dollars into zero dollars. on FanDuel daily fantasy is the best I can play every day, you mean you can bet, it's not a game of chance, oh it's definitely a game of chance, you have a big problem with the game, it's actually a game based on skills that will make us rich one day. an idiot with daily fantasy anyone can win.

I have won seven hundred and eighty-four thousand dollars on FanDuel. Look, you can compete against millions of regular sports fans just like you. I have a master's degree in statistics and have designed an advanced algorithm that incorporates real data. -Updates weather conditions over time and can calculate an earned yield average down to the 20th decimal point B. How does it feel to be a nerd? Daily fantasy sports is the only skill-based entertainment product where you can win big money. You are where I am. I am a winner How are you a winner? Aha, come on, winner.

I'll tell you how. I am a winner. I want six dollars and 18 cents playing daily fantasy. That's all. I am a winner. You spent $1200. Well that's what you have to do you spend money to make money I can be six dollars and 18 cents you spent $1,200 yeah that's how it works I don't understand you because you don't understand sports I understand math don't listen to the critics La daily fantasy is a legit business. Daily fantasy is supported by the NFL, when have they been associated with anything shady? The best part is that it's currently legal, so I'm excited about it.

Look at the size of this check, here we go. look at this check for $1200 and you want six dollars in 18 cents you say I'm not a big winner you spent $18 printing this check at Kinkos well I was proud to have won and look who's the girl who became the big winner your husband Oh, why don't you put it where the TV used to appear? Daily fantasy sports. It's pure fun and it's so simple. I just watch football and make money. I know it sounds too good to be true, in fact I even say it out loud now.

I'm realizing that can't be true, you mean wait a minute. I hate you so much. Daily fantasy isn't just fun. Who am I, what did the boy do. I'm going to turn this into a full-time career. I'm pregnant and if you're worried, daily fantasy sounds like a game, don't worry, it's not, it's not a game, it's a game where my cash earnings depend on the performance of professional athletes, wait, I described the I play again, isn't it daily? Fantasy, all you need is a love of sports. I think I just realized this very moment. I actually hate you.

Fantastic. I also hate myself. That's something we agree on for the first time in a long time. Is there anything stronger than a divorce? could turn out to be like a super divorce we probably couldn't afford to play daily fantasy now just use game promo code or promo code obviously game or promo code exploiting a loophole , but by any common sense definition, this is betting on you.