I’m trying out something new. Since I’ve mostly stopped posting on Twitter I thought I’d try posting an interesting link each week to a long-form story that I found interesting and thought-provoking.
How the Daily Fantasy Sports Industry Turns Fans Into Suckers [NY Times Magazine] – a look at how DFS really works, written by someone who is a regular player. Most fascinating to me: how the high rollers use computer scripts, and the companies turn their heads the other way for fear of losing their business (similar to how casinos treat high rollers). From the story:
Instead, I came across a different sort of problem: a rapacious ecosystem in which high-volume gamblers, often aided by computer scripts and optimization software that allow players to submit hundreds or even thousands of lineups at a time, repeatedly take advantage of new players, who, after watching an ad, deposit some money on DraftKings and FanDuel and start betting. Both companies mostly looked the other way.