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January 8, 2019

Will Potential Overlay Entice Bettors To Enter DraftKings’ Sports Betting National Championship?

Juan Carlos Blanco January 8, 2019
DraftKings Sports Betting

DraftKings entered the sports betting realm back on Aug. 1 and hasn’t looked back.

The daily fantasy sports (DFS) industry leader —that early on made its intentions of exerting similar dominance in due time over the betting space — is currently operating its DraftKings Sportsbook online in New Jersey.

In early October, DraftKings announced the first-of-its-kind Sports Betting National Championship. The event unfolds this week in the Garden State over the NFL’s divisional playoff weekend.

The championship offers a $1 million grand prize, and DraftKings is guaranteeing a $2.5 million prize pool.

Significant overlay with days to go

The company has gotten plenty of well-deserved positive press for the event, which seemingly seeks to replicate some of the same electricity that DraftKings has been able to generate with its DFS live finals over the past several years.

But as much early momentum as the Sports Betting National Championship enjoyed, DraftKings’ Senior Product Manager Jon Aguiar chimed in with the following on Twitter late last week:

DraftKings updated that number to 140 entries on Monday following a busy weekend of online qualifiers during the NFL playoffs. That still leaves them well short of the total to meet the $2.5 million guarantee.

For those who are already well-versed in the DFS space, the word “overlay” is typically brings glee. To put it succinctly, overlay, depending on how large, is one heck of an odds booster for the player and a proverbial bath for the operator.

When the guaranteed contests fail to fill, the portion of the prize pool those absent entries would have subsidized then ends up on the company’s tab.

Given Aguiar’s announcement, that bath is looking more like a deluge. With a Jan. 11 kick-off date, there is still plenty of time for some of those empty seats to be filled.

The event has a $10,000 direct buy-in. Therefore, it’s not just exclusive to those that punched their tickets through qualifiers during NFL season or the first quarter-plus of the NBA campaign.

Given the well-timed announcement, it’s the last-minute sales pitch that likely will bring some high rollers to the table. After all, the edge is undeniably magnetizing for those who can afford the buy-in fee and have a degree of confidence in their sports betting acumen.

Unique format sets up an intriguing challenge

The Sports Betting National Championship sports a unique format that promises to test several important sports betting skills in its participants, including multisport knowledge, bankroll management and prudent line selection.

Some of the nuts and bolts of the event are as follows:

  • Each participant begins the contest Friday with a DraftKings-funded $5,000 bankroll.
  • Players must wager at least $1,000 on Friday and Saturday, and at least $2,000 on Sunday.
  • Wagers can be placed on any sports on Friday or Saturday. However, all wagers placed Sunday must exclusively involve the two NFL divisional playoff games unfolding that day.
  • Participants must meet the requirements to retain a spot on the official leaderboard and qualify for the $1,000,000 grand prize, or for the subsequent payouts for lower finishes.
  • All types of bets are in play, including straight bets, parlays and fantasy props. However, betting closes upon the kickoff of the second NFL divisional playoff game on Sunday.
  • The player with the biggest bankroll at the end of the weekend becomes the grand prize winner. Bankroll size determines subsequent qualifying spots.
  • DraftKings is guaranteeing a prize pool of $2.5 million. Each direct buy-in above 531 entries will increase the prize pool by $4,700 apiece.
  • The contest is single entry. The event will have a maximum of 1,000 entrants.
  • All players take home the total of their bankroll at the end of the weekend. Those who have kept their leaderboard eligibility are also awarded any money they’ve earned through that channel.

TheLines will be in Jersey City providing coverage of the DraftKings Sports Betting National Championship. Follow our Twitter account for updates from the event!

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2020 College Football Futures: Clemson, Alabama Early Favorites

Chops January 8, 2019
Clemson Alabama

After Clemson’s throttling of Alabama in the national championship game, the Tigers find themselves as early favorites to repeat in 2020.

Early futures at DraftKings Sportsbook have Clemson and Alabama at +200 to win the 2020 college football national championship. FanDuel Sportsbook lists Alabama at +170 and Clemson +250. At the Westgate Superbook in Las Vegas, Clemson is +180 and Alabama is +250.

Interestingly, before Monday’s national title game, Alabama was the listed favorite at the Westgate. However, given Clemson’s domination, the Tigers went from +350 to +180 by game’s end.

Ohio State (+700 at DraftKings, +850 at FanDuel) and Georgia (+800 at both) are next on the list of 2019-20 title contenders. Michigan and Oklahoma round out the rest of the favorites. All of the odds can be found below.

Notre Dame, which made this year’s playoffs but was embarrassed in the semifinals by Clemson, starts at +3300.

The odds somewhat line up with ESPN’s take on a way-too-early top 25.

Given their recent recruiting classes, Clemson QB  Trevor Lawrence ascension to likely Heisman favorite, and weak overall division, Clemson seem well-positioned to at least make another CFB playoff. And don’t kid yourself that last night’s national championship game is the end of Alabama’s dynasty. While the SEC will be stronger overall next year, Bama is still the team to beat.

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College Football Futures Odds 2019-20

(Odds updated 1/17/19)

TeamFanDuelDraftKingsWestgate
Clemson+250+200+180
Alabama+200+200+250
Ohio State+1400+700+1200
Michigan+2000+1600+1400
Georgia+750+800+1200
Oklahoma+1600+1600+1500
Texas+3400+5000+2000
Nebraska+8000+20000+2500
Washington+6500+5000+2500
Florida+3500+2500+2500
Notre Dame+5000+3300+2500
Oregon+5000+5000+3000
Wisconsin+5000+8000+5000
LSU+5000+2500+5000
Mississippi State+10000+5000+5000
Auburn+6500+2800+5000
Miami (FL)+5000+15000+8000
Utah+16000+10000+8000
USC+12000+10000+8000
Texas A&M+16000+5000+8000
Virginia Tech+16000+12500+10000
Penn State+5000+4000+10000
Iowa+16000+15000+10000
Florida State+8000+10000+10000
Iowa State+16000+15000+20000
Oklahoma State+10000+8000+20000
Michigan State+6500+5000+20000
Purdue+10000+20000+20000
Washington State+12000+8000+20000
Stanford+6500+10000+20000
Arizona+23000+25000+20000
UCLA+23000+15000+20000
TCU+16000+10000+20000
Baylor+23000+15000+20000
Syracuse+23000+10000+20000
Northwestern+10000+15000+20000
Arizona State+23000+25000+30000
South Carolina+16000+15000+30000
Missouri+23000+25000+30000
Tennessee+12000+10000+30000
West Virginia+5000+10000+30000
Texas Tech+25000+15000+30000
California+25000+15000+30000
Central Florida+25000+5000+50000
Houston+25000+50000+50000
Virginia+16000+15000+50000
Fresno State+23000+50000+50000
Boise State+25000+15000+50000
Utah State+25000+10000+50000
BYU+25000+25000+50000
Kansas State+25000+50000+50000
Kansas+25000+50000+50000
North Carolina State+16000+8000+50000
Boston College+23000+15000+50000
Louisville+25000+25000+50000
Pittsburgh+25000+20000+100000
Georgia Tech+23000+15000+100000
Duke+25000+50000+100000
Maryland+25000+15000+100000
Minnesota+23000+50000+100000
Colorado+25000+50000+100000
Kentucky+19000+20000+100000
Ole Miss+25000+15000+100000
Arkansas+25000+100000+100000
Wake Forest+25000+15000+200000
North Carolina+25000+15000+200000
Indiana+25000+100000+200000
Vanderbilt+25000+25000+500000
San Diego State+25000+50000+500000
Illinois+25000+100000+1000000
Oregon State+25000+100000+1000000
Nevada+25000+50000+1000000
UNLV+25000+25000+1000000

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FanDuel Sportsbook Gifts Chicago Bears Moneyline Bettors With Bad Beat Relief

FairwayJay January 8, 2019
FanDuel Sportsbook

NFL’s Wild Card weekend got wilder as emotions from fans and bettors were on full display Sunday night.

FanDuel Sportsbook decided to provide some bad-beat relief to wagers who bet the Chicago Bears on the moneyline to win the wild-card game against the Eagles.

The Philadelphia Eagles escaped with a 16-15 win after Bears’ kicker Cody Parkey’s game-winning 43-yard field goal attempt hit the upright and crossbar and fell back into the field of play.

The “double-doink” kick became to talk of NFL fans and sports bettors were slightly tipped at the line of scrimmage by an Eagles’ lineman. But that provides little solace to Bears’ bettors and fans.

FanDuel Sportsbook awards customers up to $100 credit

All online FanDuel Sportsbook customers in New Jersey who placed a single, moneyline wager on the Bears to beat the Eagles on Jan. 6 will automatically receive a site credit matching their stake up to $100 in their account.

“We are thrilled for the Eagles, but it was a tough way for the Bears to lose,” said Mike Raffensperger, CMO of FanDuel Group.

“With playoff season heating up, this was a way to prove there are more ways to win on the FanDuel Sportsbook, and once again, show why we are the most innovative and fun sportsbook in the United States.”

FanDuel’s creative approach

FanDuel continues its innovative approach to sports and gaming, and the company is changing the way consumers engage with their favorite sports, teams and leagues.

In November, the FanDuel Sportsbook made an impact in the industry with sports betting history. FanDuel became the first legal sports betting operator in the US to pay out future wagers on the college football national championship — more than a month before the final game happened.

The FanDuel Sportsbook awarded online customers early winnings and paid out all Alabama bets to win the national title. The Crimson Tide ended up losing in the national championship game to Clemson on Jan. 7, and the promotion cost FanDuel $40,000. Alabama bettors with future win wagers on the Tide rolled in the money more than five weeks ago.

FanDuel offers a sportsbook app in the state of New Jersey. FanDuel also has physical sportsbooks at NJ’s Meadowlands at the Greenbrier in West Virginia.

The company provides “More Ways To Win” through its live football sports betting TV show.

With the biggest single sports betting event approaching for Super Bowl LIII on Feb. 3, it will be interesting to see what FanDuel offers its customers next. It’s likely to be a touchdown catch for its customers.

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