Every Super Bowl, people alternately laugh at or compulsively gamble on an endless variety of binary outcomes via prop betting: will there be more than 600 passing backyards, will the nationwide anthem be much shorter or longer than 2 minutes, will the AFC kicker struck more field goals than the NFC kicker, and many much unfamiliar person menu items.
Now, a Las Vegas bookmaker and pure-blooded executive are attempting to bring the simpleness of prop betting to the day-to-day dream sports market, according to an ESPN report. Their company, called U.S. Fantasy, will successfully turn questions such as which pass receiver will capture the most passes into a horse race.
Tracks typically use pari-mutuel betting which suggests mutual bet in French on races. In a field of 12 horses, each has its own probabilities to win, and gamblers can bank on a horse to win, location, or program (i.e. finish initially, second, or third). In the proposed U.S. Fantasy video game, the same can be done based upon player statistics.
For instance, you could bet $10 on the Falcons Julio Jones; if he has 5/1 chances, you could win $50 (minus the vig, or takeout, that the company takes). The shared part of this kind of wagering is that the probabilities move up till game time; those early 5/1 chances could reduce to, say, 3/1 if you’re not alone in choosing Jones and you probably won t be; he was last year s NFC leader in getting backyards. You could aim to win more by betting an exacta, in which the top finishers are forecasted in order, by forecasting that the Steelers Antonio Brown and the Cardinals Larry Fitzgerald will go 1-2.
The reported strategy is to have all the essential licensing squared away in time for this fall s NFL season.
There are no legal definitions anywhere of exactly what fantasy sports is, U.S. Fantasy commissioner Mike Knapp told ESPN. Everyone s version of it is a bit different.
What s unique about U.S Fantasy besides that it is the very first DFS operator to make an application for a gaming license in Nevada is how carefully the video game reproduces classic gambling. Aside from Draft Ops bizarre court filing that its DFS product is unlawful gambling in Minnesota (in an obvious attempt to prevent paying a legal commitment), many DFS business have actually gone to great lengths to prevent any similarity to gambling.
As the Legal Sports Report noted, Nevada s lack of DFS video games is not an outcome of its gaming commission stating them illegal; rather, DFS simply was considered to be gambling and hence required a permit. The LSR wrote, Until USF, a DFS operator had yet to get a license, presumably avoiding the expense of compliance for a relatively little market like Nevada while at the very same time preventing any admittance that DFS is gambling in a U.S. territory.
This U.S. Fantasy video game seems a rational next step in the development of DFS with its type of betting and its embrace of its roots.