Fantasy Sports as a Top Heavy Sucker Play

Regarding my Fantasy Football betting column this week, check out this from McKinsey via Sports Business Daily:

■ The top 11 players paid on average $2 million in entry fees and profited $135,000 each. They accounted for 17 percent of all entry fees. The winningest player in our sample profited $400,000 on $3 million in entry fees.

■ The rest of the top 1.3 percent of players paid on average $9,100 in entry fees and profited $2,400 each, for a 27 percent ROI, which is extremely impressive. These contestants accounted for 23 percent of all entry fees and 77 percent of all profits.

Where did the profits come from?

■ 5 percent of players are the big fish; they lost $1,100 on entry fees of $3,600 on average.

■ 80 percent of players were the minnows; they lost $25 on entry fees of $49 on average.

Source: Sports Business Daily

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  1. intlacct commented on Oct 15

    Is it just me? People can fantasize about whatever they want and they don’t choose a three way or that hot ex-gal pal who kept her looks? No, they choose sports. Oy.

    • Ephman commented on Oct 16

      Is there a daily three-way site of which I am unaware?

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