One of the more exciting (and often times frustrating) aspects of being involved with an emerging, growing market like daily fantasy sports is the constant stream of new participants into the industry. People participate in the daily fantasy sports industry in a number of ways. From everyday users, to content providers, reporters, site operators, lineup sellers and everything in between. As we are seeing new site operators starting what seems like almost weekly we are also seeing new participants in every aspect of the DFS market emerge. Some simply copy what has been done before, providing no real substance or growth to the industry. But on occasion others bring new, innovative and refreshing ideas to the space and provide real value to participants in daily fantasy sports. I enjoy pointing these new arrivals out when I come across them.
Daily Fantasy Lobby
One such site that has recently started is Daily Fantasy Lobby. It was launched on Wednesday February 12th. It is a site that monitors the upcoming contest pages for FanDuel and DraftKings and offers up to the minute info regarding overlay, the percentage filled along with the rake charged for each specific contest. The layout is simple and easy to navigate. With the two main sites continuing to have rake trending upwards against DFS players it is a great time to have a site that always tracks the rake across the major sites for comparison sake. This way we can clearly see what rake is being charged to us DFS players at what buyin level and what GPP tournament on a nightly basis. With rake varying so much between contests due to player participation and overall structure of daily fantasy sports sites this is a much needed addition to our ecosystem. It helps players identify the best tournaments to target along with the best buyin amount to maximize the dollar amount we spend on daily fantasy sports contests. Being able to attack overlay contests helps players immensely. As Daily Fantasy Lobby continues to add site operators that are competing for the coveted third spot in the daily fantasy sports players game pecking order it will be more valuable to have this overlay information in one place requiring you to check only one spot as tourneys count down to their crucial roster lock time. For the time being, FanDuel is clearly trying to completely eliminate the risk of overlay in any of their contests. This is evident by their maximum number of entries allowed on specific contests and their plan of always releasing #2 and #3 GPP tournaments of the same buyin as the original. Their one goal and focus seems to be to become profitable in 2015 with hopes of going public in 2016. So the overlay info will be nonexistent on FanDuel but the rake information provided by Daily Fantasy Lobby will be exciting to look at. On DraftKings they do offer the chance at some overlay. It will also be interesting to compare the two sites rake structure on tournaments they run on a nightly basis. When sites like FantasyAces and Victiv are added the overlay info will become much more valuable. It is an exciting time in the daily fantasy sports industry and it is awesome to see talented new sites emerge to meet the ever growing demands of players from all over the industry.