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Author Topic: Anonymous Daily Fantasy Sports w/ Crypto?  (Read 83 times)
Cra$hDavi$
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February 23, 2018, 09:06:45 PM
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Is this something that anybody would be interested in? If so, what would draw you to play DFS with crypto, rather than on the large Fiat sites?

What questions or concerns would you have around playing crypto based DFS?

Looking forward to hearing from the community!
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A Confused Shoe
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February 23, 2018, 09:53:23 PM
 #2

I have enjoyed DFS on FanDuel, Draftkings, FantasyDraft, Yahoo, FantasyFactor, BoomDFS for a few years now. DFS sites seem to be getting into crypto more (FanDuel has held some "Bitcoin Bowls" where the prizes are DASH or BTC thus far; FantasyFactor actually allows you to deposit/withdraw in BTC with some pretty nice match bonuses).

Anonymity is probably one of the more important factors with a DFS crypto site as that's probably why ppl use crypto in the first place. The problem is that fiat DFS sites already struggle in attracting new players and retaining them, which is a problem I could see magnified in a crypto DFS site given the general population's unfamiliarity with crypto. As a result, prize pools for contests would be pretty small and the small player pool would be difficult, but not impossible, to grow.

I know there already are some DFS crypto sites I've heard of (CoinRoster.com, MVPLineup.com, SideStat.com; the latter of two I don't even know still exist), but I think very few people play on them.
Cra$hDavi$
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February 23, 2018, 10:01:27 PM
 #3

So as somebody who has played on all of the major Fiat sites, what would draw you to play on a crypto-based site? For you, would it be the anonymity or some other factor? Is there something that the big sites don't do that you wish they did?

Really appreciate the feedback by the way!
A Confused Shoe
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February 24, 2018, 12:29:47 AM
 #4

I enjoy when DFS sites offer occasional promos besides DFS (like Squares contests recently with FantasyFactor, bingo with FanDuel). Something that seems different, fun, with a good chance of winning some $.

Anonymity would probably be a given for a crypto DFS site.

There are variety of things you could do to attract clients (like deposit matches, no-deposit bonuses, freerolls, etc), but what will ultimately decide if people want to STAY playing on the site will be their perceived ability to actually win (though there are always people who just like to gamble and throw a lineup out there kind of like a lotto ticket). Sharks generating tons of lineups have infested DFS sites in recent years so anything that limits that is helpful - single entry contests, "beginner only" contests, etc are a good start to help grow the player base.
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February 24, 2018, 12:31:56 AM
 #5

In tune with the world of crypto, a daily faucet would be nice. No DFS site offers that that I'm aware of (freerolls don't count IMO).
Flagship11
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February 24, 2018, 01:57:16 AM
 #6

No not really but thanks for the suggestion.
Cra$hDavi$
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February 24, 2018, 01:27:56 PM
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I enjoy when DFS sites offer occasional promos besides DFS (like Squares contests recently with FantasyFactor, bingo with FanDuel). Something that seems different, fun, with a good chance of winning some $.

Anonymity would probably be a given for a crypto DFS site.

There are variety of things you could do to attract clients (like deposit matches, no-deposit bonuses, freerolls, etc), but what will ultimately decide if people want to STAY playing on the site will be their perceived ability to actually win (though there are always people who just like to gamble and throw a lineup out there kind of like a lotto ticket). Sharks generating tons of lineups have infested DFS sites in recent years so anything that limits that is helpful - single entry contests, "beginner only" contests, etc are a good start to help grow the player base.

This is really interesting! I appreciate the feedback and definitely in line with what we are considering. Looking forward to anyone else's thoughts on this.

Also, a little background- this isn't my first foray into crypto gambling. Some of you might remember admin Gandalf from one of the more well known BTC sportsbooks.

Thanks!
Cra$hDavi$
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March 01, 2018, 01:16:12 AM
 #8

bumping for more feedback!
A Confused Shoe
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March 02, 2018, 08:40:26 AM
 #9

To flip it around, how about you tell us what YOU are considering? Then we can share out thoughts on that,  Smiley
Cra$hDavi$
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March 02, 2018, 10:41:27 PM
 #10

Absolutely!

Preliminary thoughts are reduced rake, a focus on larger % of players winning, single entry tournaments and a social live chat. A few different bonus types, referral bonus, exclusive freerolls to early adopters/ for special events etc.

We are also considering offering incentive to early adopters in the form of dividend payouts, or an opportunity to buy in to part of the company. This will be done to gauge interest and would take a crowdfunding approach, using either a smart contract or escrow service. The thinking is if the user base has a vested interest, they would be willing to spread the word to friends etc.

Ideally, we just want to offer a great product, with a focus on transparency.
FunshareNesialMLMPenipu
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March 02, 2018, 11:53:48 PM
 #11

DFS with crypto not growth
crypto user not interest play in DFS because who win very long term

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A Confused Shoe
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March 04, 2018, 06:29:58 AM
 #12

Absolutely!

Preliminary thoughts are reduced rake, a focus on larger % of players winning, single entry tournaments and a social live chat. A few different bonus types, referral bonus, exclusive freerolls to early adopters/ for special events etc.

We are also considering offering incentive to early adopters in the form of dividend payouts, or an opportunity to buy in to part of the company. This will be done to gauge interest and would take a crowdfunding approach, using either a smart contract or escrow service. The thinking is if the user base has a vested interest, they would be willing to spread the word to friends etc.

Ideally, we just want to offer a great product, with a focus on transparency.

Thanks for sharing. I think you highlighted some pretty good points. A social live chat would definitely be fun to root for (or against) other people's lineups. I think FanDuel or Draftkings offered it a LOONG time ago, not sure why they discontinued it. Sports, DFS, betting all are experiences that are enhanced by sharing it with others, especially in real-time.

Please keep us posted. Sounds great!
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