The Retail crowd getting spanked again...What a surprise! http://finance.yahoo.com/news/millionaire-sports-gambler-explains-why-180100740.html
It is nearly impossible to win or even place in the top few percent of a multiple entry contest. Some algorithm players enter hundreds of times. I was in a relatively small (9000 entry) contest last week. The same guy came in 4th, 9th, 11th, and 19th. Saw this stat after the scandal broke- "One study done last year showed that 91% of all payouts went to just 1.3% of the players." After seeing those odds and what happened in the contests I entered, I'm done with DFS games.
"It's a giant partnership between the pros and the sites, and the unsuspecting customers who are doing this for entertainment are literally getting fleeced." Sounds like the equity markets.