By Daniel Barbarisi
As Bringing Down the House did for card counters and Positively 5th Street did for poker avid gamers, Dueling with Kings does for day-by-day myth activities enthusiasts during this jump down the rabbit gap of America's most recent obsession.
Daniel Barbarisi quits his activity because the big apple Yankees beat author for The Wall road Journal and starts a quest: to affix the head one percentage of day-by-day delusion activities ("DFS") avid gamers, the so-called "sharks," and determine even if DFS is at the level--while possibly cashing in alongside the way.
DFS is fable activities on steroids. it is the area of sour competitors FanDuel and DraftKings, on-line juggernauts who became a felony loophole right into a billion-dollar by way of permitting activities enthusiasts guess piles of money developing fable teams.
Yet as Barbarisi fast discovered, what must have been a enjoyable spouse to informal activities viewing used to be in its place a ferocious setting infested with sharks, a best tier of professionals wielding complicated algorithms, drafting enormous quantities of lineups, and wagering six figures day-by-day as they bludgeon unsuspecting novice "fish." Barbarisi embeds himself contained in the global of DFS, befriending and becoming a member of its rogue's gallery as he attempts to overcome them at their very own game.
In a piece equivalent components event and conscientiously mentioned research, Barbarisi wades into this chaotic on the very second its life is threatened by means of lawmakers unwell of its Wild West surroundings and pushy advertisements. All their funds made FanDuel and DraftKings look invincible; yet, as Barbarisi stories, they made lots of dubious--perhaps even scandalous--moves as they vied for marketplace supremacy.
In Dueling with Kings, Barbarisi uncovers the tumultuous inside of tale of DFS, all whereas taking pictures its ordinary forged of characters, from wide-eyed newly minted millionaires, to sun-starved math geeks, to bros dwelling an never-ending frat social gathering of keggers and Playboy Bunnies. Can he outwit all of them and make it to the head?
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Extra resources for Dueling with Kings: High Stakes, Killer Sharks, and the Get-Rich Promise of Daily Fantasy Sports
I’ve started to check to make sure he isn’t in my three- or five-man contests before I join, but it’s virtually impossible. He seems to enter every one as soon as it appears—the guy must have ten hands. In the bigger tournaments, he enters scores of different lineups, all of them competing with my one. I can’t imagine how he does it all. But I’m willing to learn. Tonight, there’s a big $27 entry-fee tournament on DraftKings, with a $100,000 first prize and $900,000 in prizes for the other top finalists, called the $1 million Mega Payoff Pitch.
The relationship between the two companies—and their employees—continues to mystify me. Players are employees of one, and huge sharks on the other? There’s no love lost between the two Daily Fantasy giants, and everyone knows it; for a time, early on in the day, whenever a FanDuel commercial came on the screens and played on the speakers, an awkward silence came over the room. But there were simply so many, drowned out by even more DraftKings commercials, that they all soon faded into so much background noise.
Voila. Daily Fantasy Sports was born. It took a while to get off the ground, but by about 2011 it had begun to grow in earnest, and by 2014 two big companies had come to dominate the scene: FanDuel, out of New York, and DraftKings, from Boston. They’d each raised approximately $100 million in venture capital and were in talks to raise a whole lot more. FanDuel offered the four major sports; DraftKings added some other ones, like soccer and golf. There are rumors of coming partnerships with ESPN and Disney.