BitPlayer Wrote:
-------------------------------------------------------
> Whales will go where the money is. Interesting
> observation from The Wall Street Journal yesterday
> (behind pay wall):
>
> Still, as the industry grows, daily fantasy
> companies face another risk: the possibility that
> increasingly sophisticated players using
> complicated statistical formulas will wipe out
> novices, say industry watchers like Ed Miller, a
> Massachusetts Institute of Technology-trained
> engineer and games strategist, and Daniel Singer,
> leader of McKinsey & Co.’s global sports and
> gaming practice.
>
> In the first half of the 2015 Major League
> Baseball season, just 1.3% of daily fantasy-sports
> players won 91% of the profits, according to Mr.
> Singer.
>
> “It’s not what it pretends to be,” Mr. Miller said
> in an interview. “It pretends to be, ‘Hey pick
> your favorite players, spend a few bucks and root
> for them.’ But if you pick your favorite players
> you will lose a lot of money.”
>
> http://www.wsj.com/articles/daily-fantasy-sports-o
> perators-await-reality-check-1441835630


This is an absolute given. In DFS, the weak and dim are slaughtered, and Bettor's Disease eventually removes them from the arena.