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A comment on NY Attorney General Tells Daily Fantasy Sports to Stop Taking Bets in the State. Parent comment

Re:NY Attorney General Tells Daily Fantasy Sports to Stop Ta... by makomk on Wednesday November 11, 2015 @08:25AM (#10546522)
Due to the way these are structured the main "skill", so to speak, is apparently figuring out what bets other people have made so that you can make different bets, because unpopular bets have a better expected payout than popular ones. That's why most of the profits go to industry insiders who understand what kind of players people bet on.
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Re:NY Attorney General Tells Daily Fantasy Sports to Stop Ta... by eric_h on Thursday November 12, 2015 @09:05PM (#10557605)
Given the information we have, it's certainly possible that some of that one percent used insider information.

Nevertheless, given the number of players that draft kings and fan duel have acquired through their indefatigable marketing campaigns, I would submit that a not insignificant portion (if not a majority) of that one percent figure out the bets others wouldn't make all on their own.

Further, math and computers can most certainly help with this given that all the relevant data is public.

How long 'til this goes the way of HFT in the stock market?

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