Football

Daily Fantasy Sports – Why sites need a salary cap to stay in business

prokopyshen.com agrees with the 40+ US State Attorney Generals who believe that daily fantasy sports sites offer a game of skill which means that players can use real money in the games.  Which, in turn, means the sites can rake the bets to cover their costs and make a profit.
 
Operators of daily fantasy sports sites know that this is special position of privilege, and so their customers should take some time to appreciate what this means to their daily fantasy sports team selection strategy part1 and part2.
 
All of the daily fantasy sports sites that offer games to USA residents will use a salary cap.   They will affix a salary to every player in the pool for that game.  You can be certain that the sum of the salaries based on a strategy of selecting all the “best” players will greatly exceed the salary cap.
 
Why?  Read more…

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