Money Balance: Your current balance on said DFS site. Abbreviation to define . Fantasy sports leagues can be played for free or have an entry fee. A statistical connection, positively or negatively, between two players or data points. "[81][19] A study by McKinsey & Company over the first half of the 2015 MLB season estimated that 91% of winnings were won by only 1.3% of players. The websites set fictional prices for each real-life NFL football player each week depending on how well they think those players are likely to do. A contest where half the field gets paid out evenly, typically to the tune of nearly double their entry fee.

If you are new to daily fantasy sports (DFS), there are some terms that you should learn to know the meaning of when starting out and trying to understand what the other players are talking about. [113] On November 19, 2015, the government announced that it would allow daily fantasy sports services to operate within Massachusetts under proposed regulations, including the requirement for all players to be 21 and over, banning members of the professional sports industry from playing the games (including athletes), and banning the marketing of the services in colleges and high schools. If you want a primer on how traditional fantasy football works, read our post on the subject. [78] In the 2007 federal lawsuit Humphrey v. Viacom, Inc., Judge Dennis M. Cavanaugh of the U.S. District Court of New Jersey distinguished an "entry fee" in a paid fantasy sports competition as being a fee required to participate rather than a "wager", because they are "paid unconditionally", and because the prizes in such games were "guaranteed" and determined in advance. Meant to measure a pitcher's true skill level, and a better estimator of future performance than ERA.

[119] Nearby New Jersey and Pennsylvania each followed suit in mid-2017. the price of a player divided by the amount of fantasy points the player scores. 3 strokes on a par 3, Making the Cut: Usually means you are in the top 70 after two rounds, thus qualifying to play the final two rounds, Greens in Regulation (GIR): Your ball ha reached the green in the expected number of strokes in relation to par. Compared to a bet on a single game, which will pay out within hours of the game ending, tying your capital up in a proposition that will take 16 weeks (for football and longer for other sports) is virtually a non-starter for someone who wants to use their money to make more money. When DFS skyrocketed in popularity around 2013, individual state lawmakers began to take notice and asked the question: “Is daily fantasy sports gambling?”. As shown here, using the highest paid players in each position is not possible because this roster has exceeded the $50,000 cap by $17,900. [66] On February 10, 2016, it was reported that ESPN had backed out of its advertising deal with DraftKings, and that Fox had marked down its investment in DraftKings by 60%—a loss of $95 million. This probably sounds equivalent to a raffle of sorts but churches and non-profit organizations hold those all the time, so why did some states ban or limit DFS operations? [3] The marketing push was met with a negative reaction from viewers on social networks such as Twitter, who considered the repetitive airplay of DFS commercials during football games to be an annoyance. [83][84][81], In U.S. federal law, criminal gambling statutes include the Federal Wire Act—which prohibits interstate sports wagering, the Illegal Gambling Business Act (18 U.S.C. They can also be created by a user. ", "Dew-Becker v. Wu, No. DH: Designated hitter - A hitter who bats in place of the pitcher in the American League. Freeroll: A free contest or contest with no entry fee. [29] DraftKings had also received an investment by Robert Kraft—a local businessman whose holdings include the New England Patriots. They are set to 100 in most cases with 100 representing a neutral park (whether that be for homers, run scoring or other things). Want to get friendly sports help in your inbox?

[104] Writing for The New Yorker, James Surowiecki believed that it was hypocritical for the state of New York to campaign against daily fantasy sports—which, in an op-ed, the Attorney General classified as a "particularly pernicious" activity, as the state already sponsors and/or endorses other forms of legal gambling based purely on chance rather than a mix of chance and skill, such as the state lottery, casinos, and horse racing. Don't FUCKING stress. Traditional fantasy sports are a bad bet for professional gamblers. The expected outcome provided by an oddsmaker, consisting of a “Favorite” (the team expected to win), an “Underdog” (the team expected to lose), a “Spread” (the differential expected between the two teams) and a Combined Total (the combined scoring many bettors play as an “Over/Under” bet). When a player enters the same lineup multiple times into a game type that allows multiple lineups. This is because value is assigned to a player’s salary much like value is assigned to odds in a point spread or any betting line for that matter. Search for "DFS - Daily Fantasy Sports" in. Floor: Refers to the perceived bottom score or lowest potential of a player score. The suit alleged that DraftKings would only credit the deposit bonus to a player's account if they fulfill certain monetary and participation requirements within four months, causing them to "incur additional and substantial monetary obligations", rather than instantly receive the bonus as implied by advertising. Buy In (Entry fee): The amount paid for each entry in a given contest. [77] At the same time, both companies have stated that their daily fantasy games represent a game of skill. The league participants can then trade players or pick up free agents to form a roster to compete against the other fantasy football team “owners” in the league. Bullpen: A group of relievers that get called in after a starting pitcher is done for the day. He also ruled that the UIGEA "has no corresponding authority under New York State law". DFS as abbreviation means "Daily Fantasy Sports" Online search. In "Double-up" or "50/50" cash game competitions, players win a prize equal to double their entry fee if they finish with a score within the top 50% of all participants. DFS players utilize this line to determine how high or low scoring a game is expected to be. At $9 per entry and 65,359 entries in total means in this prize pool, DraftKings will take in $588,231 if the number of entries reaches the entry cap. [106], On October 15, 2015, the Nevada Gaming Control Board published a memorandum ruling that daily fantasy sports games were a form of sports wagering, and that DFS services must cease serving customers in the state of Nevada until they obtain a sports pool license.

[36][85][96][97] The carve-out was based on the language of an amendment proposed by Senator Richard Bryan to the failed Internet Gambling Prohibition Act. DraftKings Points, a means of calculating the fantasy points of a player using DraftKings’ default scoring system. In DFS, your choice to have Eddie Lacy on your team doesn’t inhibit my choice to put him on my team, so there’s no upper limit to the number of owners who can compete against one another.

Pending Bonus: Additional amount of money added by site (generally a percentage of deposit), which is added to your account as you enter contests. The disappointment a player feels when the positions he or she has taken have not panned out as expected. DFS is listed in the World's largest and most authoritative dictionary database of abbreviations and acronyms The Free Dictionary Otherwise known as a Guaranteed tournament. If you or someone you know wants help, call 1-800-GAMBLER, UFC DFS Ownership Projections for DraftKings and FanDuel MMA, UFC DFS Top Fighters Tool for DraftKings and FanDuel, UFC DFS DraftKings and FanDuel Projections, StatHero Strategy Guide: Top StatHero PGA picks + PGA tips for The Masters Round 1, Daily fantasy sports has a lot of terms and lingo that can throw new players for a curveball without a DFS Dictionary to consult. Playing daily fantasy sports has become a mainstream and generally more accepted way to wager and attempt to win money on sports as opposed to tradition sports betting, but even that archaic view is rapidly shifting since the repeal of PASPA with more states becoming more open to legalizing sports betting to increase state tax revenue as time passes by.

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