If you bet in IL, NY, PA, or VT get a load of this.
DraftKings will be adding a SURCHARGE to be subtracted from YOUR net winnings to pay for THEIR TAX on gambling revenue. The money they make from losing bettors.
Wow. Just wow.
Re: DraftKings surcharge will be passed on to customers. Will be implemented in the four states with above 20% tax starting Jan 1.
Will be "fairly nominal" to the customer but creates potential EBITDA upside.
Sounds like a bad idea. $DKNG
The big story tonight is a $3 million 3-team parlay that could potentially pay $5.5 million (+186)
Before you go out and try to tail Mr. $3m & his bet to pave your way down Easy Street, read this thread and decide for yourself if parlaying futures bets is a wise investment:
๐
A lot of talk about NRFI (No Run First Inning) lately and YRFI. Here's a quick ๐งต:
The casual bettor thinks "I see plenty of scoreless innings in MLB, it's definitely far more likely for a run NOT to be scored than scored."
Hope you had a good NFL day - can I borrow your attention, real quick?
In Saturday's Illinois St/Chicago St CBB game, Illinois St is up 75-67 when Josiah Strong is awarded two FT's.
He makes both FT's. The score increments by ONE point. It is never corrected. Watch yourself:
Congratulations to DraftKings for finding Mr. $3m. My advice is to find more like him rather than continue to shake him upside down to see what falls out.
If you found this thread interesting, I have more sports betting content on my YouTube channel:
Only Vegas Dave would sit courtside at the Lakers tribute to Kobe Bryant and place his obnoxiously large man-purse right on top of the #24 logo on the court.
Classless.
๐จ ANNOUNCEMENT : In a desire to give back to the sportsbetting community during the downtime, I'm hosting a FREE webinar on Friday 3/20.
Title: How to Emerge From This Bettor Than Before
More info will be posted tomorrow. If you have interest in attending, please like.
A lot has been made about the favorites going 15-1 in the Round of 32, and 36-12 overall in the tournament.
If you bet a flat $100 on every underdog moneyline (DK closing price) in the 48 games so far, you'd be down -$790.96
Whereas, if you bet a flat $100 on every favorite
This is not ideal.
Seven sportsbooks are joining forces to exchange information about "problem gamblers."
The obvious problem is they will also create the definition of what a "problem" is to them.
One of them, Bet365, has a track record of using problem gambling as an excuse
The hits just keep on coming. ๐คฆ๐ปโโ๏ธ
The big beautiful bill proposes that gambling losses be capped at 90% of winnings - even for professionals. (H/t @RWM21).
If you file the way the IRS intends, you declare gross winnings and deduct losses. This means even losing gamblers would
What can I say about @SportsbkConsig? ๐
I attend a lot of industry conferences and at nearly every one I'd run into him at some point. With everyone else wearing the standard "Brooks Brothers uniform" of a blazer and oxford shirt - there was Dave.
Flat-brim cap.