\n“Poker and DFS are both interactive games with a high degree of skill, which fosters critical thinking,” Pappas stated. “For most players, DFS is a low-stakes affair that allows people to derive more enjoyment from sporting events.”<\/strong><\/p>\n<\/blockquote>\nThe low stakes also provide high odds of players losing their entry fee. A recent study found that the top 1.3 percent of DFS bettors account for 91 percent of the total winnings.<\/p>\n
“It’s not what it pretends to be,” researcher Ed Miller told the Wall Street Journal.<\/p>\n
Billion-Dollar Pretender<\/b><\/h2>\n
The ease of winning fantasy contests as marketed by FanDuel and DraftKings has been heavily criticized by media pundits and legal authorities. New York Attorney General Eric Schneiderman wrote that the “advertisements seriously misled” in his determining the contests to be unlawful.<\/p>\n
Colossus Bets CEO Bernard Marantelli also believes the market is severely overvalued.<\/p>\n
“FanDuel and DraftKings are either worth $2 billion or $0, depending on which day you read the paper,” Marantelli said during a gambling convention in London this week. “In reality, they’re probably closer to $0.”<\/p>\n
Oliver wrapped up his sermon by saying, “By any rational definition, daily fantasy is gambling, which isn’t necessarily a bad thing. But if we’re going to de facto legalize sports gambling across the US, we should at least do it on purpose and not because two companies have somehow weaseled out a way to pretend they are not something that they clearly are.”<\/p>\n
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John Oliver has full creative reign for his HBO Sunday program “Last Week Tonight,” and he devoted the overwhelming majority of his most recent episode to the controversy surrounding daily fantasy sports (DFS) and its connection to gambling. The former fill-in for Jon Stewart and correspondent for “The Daily Show,” Oliver’s late-night talk show takes […]<\/p>\n","protected":false},"author":42,"featured_media":32767,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[19,13,16],"tags":[],"acf":[],"yoast_head":"\n
John Oliver Spends Majority of His Show Ranting About Daily Fantasy Sports<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n