4 ms·

Even with that, you'd still have to be good enough to pick the best roster. I don't think it's as useful as the article makes it sound.

icelancer 11y ago
Huh? You just use the company's internal pricing model and use it on other sites once you know discrepancies. It's not "simple" but it's not genius level derivatives trading, either.
- iopq 11y ago
  What? I can see the prices of players on DraftKings and other sites as a player. That "internal pricing model" is public knowledge.
  - npkarnik 11y ago
    Those are the advertised pricing for players. If you do not believe that these companies have a private, internal model to set those "prices" to maximize their returns...
    - iopq 11y ago
      Their return is constant and only dependent on the number of players. They have no need for "secret prices"
      - icelancer 11y ago
        No, but the parent comment is not that far off. Their prices are public but with the weight and velocity of betting coming in, it informs them what the lines probably should be instead.
      - npkarnik 11y ago
        You are correct. My comment is wrong.
  - 0verc00ked 11y ago
    The controversy isn't about knowing player price points. That's like the gameboard and it's known to everyone. It's about knowing ownership percentages - which is the overall percentage of lineups in a contest that drafted a certain player. That info gets published once the contest starts (it's very compelling data), but having access to that ahead of time is the equivalent of insider trading - because you have knowledge other people don't have when they make their picks, which provides you a completely unfair advantage.
    - iopq 11y ago
      Yes, I realize that player owned percentages is a huge advantage (to bet against the field thus having a better chance of coming up). But not player pricing.
      - 0verc00ked 11y ago
        Oh.. right. I think we're saying the same thing then ;)
caseyf7 11y ago
Except Draft Kings lets you enter 1,000 games per week so one can use portfolio theory with this information to increase the expected value of playing.
0verc00ked 11y ago
Not true. If anything, it's even more useful than the article makes it sound. If you knew absolutely nothing about sports, but had access to this data and a fairly basic understanding of probability and statistics, you could use this data to be basically +EV in any large field contest you enter. The lottery analogy by slg is a great metaphor to understand it.
- 0verc00ked 11y ago
  This Deadspin article does a solid job explaining it: http://deadspin.com/draftkings-employee-with-access-to-inside-info-wins-35-1734719747 http://deadspin.com/draftkings-employee-with-access-to-insid...
- 0verc00ked 11y ago
  Another very illuminating read: https://rotogrinders.com/threads/draftkings-ownership-leak-850584?page=54#reply-868373 https://rotogrinders.com/threads/draftkings-ownership-leak-8...

icelancer 11y ago

Huh? You just use the company's internal pricing model and use it on other sites once you know discrepancies. It's not "simple" but it's not genius level derivatives trading, either.

iopq 11y ago
What? I can see the prices of players on DraftKings and other sites as a player. That "internal pricing model" is public knowledge.
- npkarnik 11y ago
  Those are the advertised pricing for players. If you do not believe that these companies have a private, internal model to set those "prices" to maximize their returns...
  - iopq 11y ago
    Their return is constant and only dependent on the number of players. They have no need for "secret prices"
    - icelancer 11y ago
      No, but the parent comment is not that far off. Their prices are public but with the weight and velocity of betting coming in, it informs them what the lines probably should be instead.
    - npkarnik 11y ago
      You are correct. My comment is wrong.
- 0verc00ked 11y ago
  The controversy isn't about knowing player price points. That's like the gameboard and it's known to everyone. It's about knowing ownership percentages - which is the overall percentage of lineups in a contest that drafted a certain player. That info gets published once the contest starts (it's very compelling data), but having access to that ahead of time is the equivalent of insider trading - because you have knowledge other people don't have when they make their picks, which provides you a completely unfair advantage.
  - iopq 11y ago
    Yes, I realize that player owned percentages is a huge advantage (to bet against the field thus having a better chance of coming up). But not player pricing.
    - 0verc00ked 11y ago
      Oh.. right. I think we're saying the same thing then ;)

caseyf7 11y ago

Except Draft Kings lets you enter 1,000 games per week so one can use portfolio theory with this information to increase the expected value of playing.

0verc00ked 11y ago

Not true. If anything, it's even more useful than the article makes it sound. If you knew absolutely nothing about sports, but had access to this data and a fairly basic understanding of probability and statistics, you could use this data to be basically +EV in any large field contest you enter. The lottery analogy by slg is a great metaphor to understand it.

0verc00ked 11y ago
This Deadspin article does a solid job explaining it: http://deadspin.com/draftkings-employee-with-access-to-inside-info-wins-35-1734719747 http://deadspin.com/draftkings-employee-with-access-to-insid...
0verc00ked 11y ago
Another very illuminating read: https://rotogrinders.com/threads/draftkings-ownership-leak-850584?page=54#reply-868373 https://rotogrinders.com/threads/draftkings-ownership-leak-8...