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In short: DraftKings is doing the right thing - for the company and its shareholders - by not “wanting” winning players. Is it 90% of the audience, as Robins claims? Probably. #ForProfitPlayersOnlyĪnother issue? Most sports bettors are, in fact, recreational and couldn’t care less about limits or whether they’re getting -109 instead of -110. Long term process/outlook > Short term results/variance. Here at were interested in and appreciate odds shopping bettors and price sensitive customers.īecause stock price doesn’t matter and we don’t have shareholders to answer to. The entire goal here is - you know - making money. One is obviously the fact DraftKings - and virtually all the other new-fangled books - are publicly traded companies answering to shareholders. One is a traditional sportsbook, the other is … something close, but not quite.Īnd while we’d all like all sportsbooks to be like Circa, a few facts get in the way of this. No shame in being Domino’s, but let’s face facts here: Domino’s isn’t capital-P pizza.Īnd so there is a pretty big difference between books that take all action and let everyone bet up to the same limits, and books that actively seek to cut out the winning players and the sharp bettors. In this (hungry) metaphor, Circa and USBookmaking and the old school Vegas sportsbooks are the pizza, whereas DraftKings, FanDuel, and the rest? They’re Domino’s. When I want real pizza, that’s what I’m doing.Īnd when I want Domino’s? I order Domino’s, which is delicious - it really is, and I’m saying this at the risk of losing my New Jersey citizenship - but it’s not what I consider pizza, not at all. When I want pizza - real pizza - I’m going to a place where there’s some Italian name on the door, and with a couple of guys in white T-shirts behind a counter, and where the proper Miss Manners method of ordering your food is saying - literally - “Lemme get two slices a’plain.” It’s like pizza - and this may be a New Jersey-centric take, but bear with me. Secondly, as a publicly traded company, DraftKings needs to maximize its profits, so yeah, that’s going to mean limiting profitable players, limiting sharp action, limiting anything that’s going to cut into the bottom line.Īnd sure, “bonus hunters” and “odds shoppers” - you know, the minority of us who prefer to maximize our profits - aren’t the long-term fish Robins is casting his net for.īut … Metaphors stretched like pizza doughīut you know what? I’m glad Robins said these things, and I wish all the other sportsbooks would show their cards and stop pretending they are a capital-S sportsbook when, in fact, they are … well, something a little bit different. Of course, with the built-in vig and such, you don’t hear many stories of legit sportsbooks or any bar-room bookmaker going belly-up, so we don’t need to spare the moisture for any tears here, but really: Welcome to America, everyone. DraftKings - or any bookmaker, from the Vegas Strip to your Uncle Larry - isn’t exactly in the business of giving money away. Captain Jack Andrews November 30, 2021īut hold on a minute.
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However, Monty Brewster is welcome to play anytime! /9PS32htOyJ Remember! If you're trying to win money – DraftKings doesn't want your business. “People who are doing this for profit are not the players we want.” “ This is an entertainment activity,” Robins said.
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But those are not the most profitable customers for obvious reasons.”īut it was the next bit that really got under the skin of Gambling Twitter. And the ones that don’t are more the ones that you really don’t want, they’re bonus hunters and odds shoppers, and it’s a very small fraction of the audience. What he said was this, exactly: “Usually, what we see in research is that most players favor one app and direct the vast majority of their game play there. DraftKings CEO – and friend of Mo – Jason Robins was roundly criticized in the sports betting world last week for comments he made at the Canaccord Genuity Digital Gaming Summit (which sounds like something the Roy clan would be attending on Succession ).