Draftkings getting killed by joe 6 pack public bettors

[gauchojake]

We are winning

 

[solomonitto]

do the squares keep winning?

https://www.marketwatch.com/story/how-does-a-gambling-site-lose-money-draftkings-just-lost-250-million-in-revenue-mostly-on-nfl-games-a85a4cdf

DraftKings Inc. cut its full-year outlook on Thursday after the company revealed that its profitability was lower due to unfavorable game outcomes for its sportsbook.

And the results that hurt DraftKings DKNG were NFL games.

“NFL outcomes early in the fourth quarter … have resulted in headwinds to revenue and adjusted EBITDA of $250 million and $175 million, respectively,” DraftKings CEO Jason Robins said.


He added that in the fourth quarter, the company experienced “the most customer-friendly stretch of NFL sport outcomes we have ever seen.” Bookmakers always come out on top. Of course, there are temporary fluctuations when customers are lucky and favorites win more often. I was also into betting for a while, but everyone will lose everything one day. Now I have already started betting less. I started reading on https://pl.bestcasinos-pl.com/minimum-deposit-casinos/od-1-zl/ about minimum deposit casinos. For me, it is much more interesting, or I have lost interest in betting. In any case, I will continue reading about it.

They make money on the margin built into the odds. They have an ace up their sleeve.

 

[BobbyFK]

Sounds just like Hard Rock Bet but not nearly as horrible

What a joke these legal books are picking & choosing at their own convenience how & when they cater to their customers

Welcome to the world of legit books

 

[jjgold]

They also release statements like this so people gamble more thinking it’s gonna be them to win big money

 

[KVB]

They also release statements like this so people gamble more thinking it’s gonna be them to win big money

lol, no doubt about it.

But it’s a dual use statement.

Releasing financials and guidance will happen whether or not they win or lose.

This time around they get some bonus marketing, consider it a rebate to them for their loss.

 

[stevex]

I could be wrong but this has not been just NFL. All the 4 major sports since the start of MLB this season have seen, at least to me, chalk winning a higher percentage than years past. Factor in UFC/MMA where an underdog hardly ever wins, and I wouldn’t doubt that Joe Public has been having a good year and not just quarter.

With that being said, variance is a thing. It’ll turn around for us dog bettors.

 

[JDS]

I could be wrong but this has not been just NFL. All the 4 major sports since the start of MLB this season have seen, at least to me, chalk winning a higher percentage than years past. Factor in UFC/MMA where an underdog hardly ever wins, and I wouldn’t doubt that Joe Public has been having a good year and not just quarter.

With that being said, variance is a thing. It’ll turn around for us dog bettors.

Road dogs in the MAC are hitting quite well this year during the week, for like a month now.

 

[Archie]

I could be wrong but this has not been just NFL. All the 4 major sports since the start of MLB this season have seen, at least to me, chalk winning a higher percentage than years past. Factor in UFC/MMA where an underdog hardly ever wins, and I wouldn’t doubt that Joe Public has been having a good year and not just quarter.

With that being said, variance is a thing. It’ll turn around for us dog bettors.

yep all the big televised public shit.

which is great. regression cashing even bigger soon!