Shark Activity In D.f.s. A Familiar Problem
By Casinomeister, Last updated Sep 11, 2015
Professionals can earn six-figure profits
The daily fantasy sports genre appears to be facing a problem that online poker operators have had to confront in the past – too great a proportion of their business dominated by professional "sharks" equipped with skill, experience and technology, and who take advantage of the majority recreational player demographic.
In an article on Sports Business Journal this week poker expert Ed Miller and McKinsey & Co analyst Daniel Singer examined the problem using public data and found that a mere 1.3 percent of daily fantasy sport users make 40 percent of fees and deposits, but win 91 percent of user profits.
The top end of the "sharks" expert players list delivers 23 percent of fees but take away 77 percent of the profits, with some prospering with six-figure earnings.
The majority of DFS players are recreational and at 80 percent.
Online Casino News Courtesy of Infopowa
The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophotography.
bryan@casinomeister.com
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