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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 deriva
by 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 agoWhat? I can see the prices of players on DraftKings and other sites as a player. That "internal pricing model" is public knowledge.
- npkarnik 11y agoThose 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 agoTheir return is constant and only dependent on the number of players. They have no need for "secret prices"
- 0verc00ked 11y agoThe 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 agoYes, 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 agoOh.. right. I think we're saying the same thing then ;)